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BTCUSD forming a triangle on 4 hour by cryptoaddict

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cryptocurrency · @cryptoaddict ·
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BTCUSD forming a triangle on 4 hour
I think BTCUSD is forming a triangle right now. The best way to take a trade in this kind of consolidation is to wait for a break in either direction. I would take a medium term position after a 4 hour candle closes above or bellow the triangle. 
In this case I would favour the long side since usually the triangles are continuation patterns.
Read more about this TA pattern here:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation

Good Luck with your trading!!!

https://www.tradingview.com/chart/BTCUSDT/juvj9aCc-BTCUSD-forming-a-triangle-on-4-hour/![download.png](https://steemitimages.com/DQmY8uAZZDCdb6WmTNxTj8soKD9bKcC2S9KWTyvE7bVjmHi/download.png)
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