BTCUSD Symmetrical pattern, Short trade.

15 mar

*Tools & Patterns Used in This Chart (BTC/USD - 30m Chart)*

#### *Chart Pattern:*
1. *Symmetrical Triangle Pattern*
- Formed by two *trend lines* converging towards a point.
- Indicates a potential *breakout*, in this case, a bullish breakout.

#### *Tools & Annotations Used:*
1. *Trend Lines*
- Two *diagonal trend lines* form the *triangle pattern*, marking support and resistance.

2. *Entry Point (ENTRY)*
- Clearly marked where the breakout is expected to occur.

3. *Point of Interest (POI)*
- Marks a *key level* where price is expected to react before moving further.

4. *Take Profit (TP) & Stop Loss (SL) Levels*
- *TP (Take Profit):* Set at *85,850*, marking the expected bullish target.
- *SL (Stop Loss):* Set at *83,972*, ensuring risk management.

5. *Measured Move Projection*
- The green *vertical box* represents the expected price move after the breakout.

6. *Price Percentage Movements (33%)*
- Marked throughout the chart to indicate *retracements and impulses*.

#### *Conclusion:*
- *Symmetrical Triangle Breakout Strategy* is applied.
- Tools used: *Trend Lines, Entry & POI Markers, TP & SL Levels, Percentage Movements.*
- Expected price movement: *Bullish breakout with a target around 85,850*.

Would you like more details on how to trade this pattern effectively?

15 mar

Nota

This chart is made up for just educational purpose.