Cryptocurrency Consolidation Break Out Chart Pattern

With Cryptocurrency Consolidation Break Out Bitcoin Pattern the market price breakout can move in any direction.

Consolidation BTCUSD Crypto Patterns

Symmetric triangles are chart patterns with converging trend lines that form a consolidation period of the bitcoin trading price. The trading analysis bitcoin buy trade signal from a symmetrical triangle is the upside bitcoin trading price breakout, while a down-side bitcoin trading price break out is a technical bitcoin sell trading signal. Ideally the bitcoin market breaks out from a consolidation cryptocurrency chart pattern - symmetrical triangle prior to reaching the apex of the triangle.

BTCUSD Trend Lines can be drawn by connecting the lows and highs of the consolidation cryptocurrency chart pattern phase, the bitcoin trend lines formed are symmetric & converge to form an apex - bitcoin triangle pattern - bitcoin consolidation pattern. A Cryptocurrency Consolidation Break Out should occur somewhere between 60-80% into the bitcoin triangle chart pattern. An early or late Consolidation Break Out is more prone to whipsaw bitcoin signals, and thence less reliable. After a bitcoin trading price break out the apex of the bitcoin triangle forms support & resistance levels for the bitcoin trading price. Bitcoin price which has broken out of the apex should not retrace past the apex of the bitcoin triangle consolidation cryptocurrency chart pattern. The apex of the triangle consolidation cryptocurrency setup is used as a stoploss order cryptocurrency order setting area for the open cryptocurrency trades.

When these bitcoin consolidation cryptocurrency chart patterns form we say that the bitcoin market trend is taking a break before deciding the next market trend direction to take.

These bitcoin consolidation cryptocurrency patterns form when there's a tug of war between the buyers & the sellers & the bitcoin market can't decide which way to continue.

Cryptocurrency Consolidation Break Out Indicator - Consolidation Indicator BTCUSD

Cryptocurrency Consolidation Break Out Pattern - Cryptocurrency Consolidation Break Out Indicator - Bitcoin Consolidation Bitcoin Chart Pattern Bitcoin Trading

However, this bitcoin consolidation cryptocurrency pattern can't go on forever & just like in a tug of war one side eventually wins, looking at the chart below see how the consolidation eventually had a bitcoin breakout & moved in one direction - Cryptocurrency Consolidation Break Out Bitcoin Chart Pattern. Now how do you make sure you select the winning side?

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Now back to our btcusd cryptocurrency question, how do we make sure we are on the winning side of the trade?

Well we wait til the bitcoin trading price moves past one of the trendlines of the bitcoin triangle consolidation pattern and put buy bitcoin orders or sell bitcoin orders in that particular direction. If bitcoin trading price bitcoin breaks the upper consolidation line we buy, if it bitcoin trading price breaks the lower consolidation line we sell.

Alternatively if you don't want to wait for a bitcoin consolidation bitcoin break out - you can use bitcoin ending orders.

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Cryptocurrency Consolidation Break Out Chart Pattern

Consolidation BTCUSD Crypto Patterns