What Happens in Bitcoin Trading after a Bullish Rising Triangle BTCUSD Pattern?
An Rising triangle cryptocurrency pattern is a bullish continuation pattern - This is a market signal that shows the current bitcoin trend is taking a break before resuming the current up-ward direction of the market bitcoin crypto.
If the Rising triangle upwards continuation pattern forms it signals that the btcusd trading market is taking a break before resuming the current up-ward trend. The Rising triangle continuation pattern in a upward bitcoin trend is known as a rising wedge which signals that the bitcoin price is consolidation but keeps moving higher & higher forming a chart pattern that resembles a rising wedge. Bitcoin Traders should await for confirmation of the Rising triangle cryptocurrency setup before opening a trade transaction based on this bullish continuation chart pattern. Once there is a bitcoin price breakout to the upside then the Rising triangle continuation chart pattern is confirmed & bitcoin prices will then continue to move in direction of the current up-ward market trend.
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