FX.co ★ BTC update for September 30,.2022 - Triangle pattern in creation

Technical analysis:

BTC has been trading sideways at the price of $19.580 and I can see that triangle pattern is in creation.

Trading recommendation:

Due to the sideways condition and triangle in creation, watch for potential breakout to confirm further direction.

In case of the breakout of the resistance level at $19.700, watch for the buying opportunities on the intraday dips with the upside objective at $20.270

In case of the downside breakout of the triangle pattern, watch for selling opportunities with the downside objective at the price of $18.900