I can see a latest symmetrical triangle development on Bitcoin after 2 good higher lows last September 7 and 16 as our support range. Meanwhile, September 14 and today (17th) formed the lower highs as our resistance range.

These local price movements has formed the said pattern.

I think if BTCUSD's price pulls back to $19,701, that can be a good long position.

Any sharp move down below the higher lows will trigger re-test on September lows. That's our stop loss basis and a quick take profiting on the symmetrical triangle's mini-breakout targeting the 61.80% fib retracement from recent September 7 bottom.

This will be a narrow trade plan with an RR score of 0.641 only.

Fresh BTCUSD Symmetrical Triangle

Rafael Ken Aguilar

Sep 17 2022

Stop Loss -3.56%

Holding time 5hr

19700.65

Entry price

18999.65

Stop loss price

1