BTC analysis for July 31,.2020 – Watch for the potential breakout of the symmetrical triangle pattern to confirm further

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BTC analysis for July 31,.2020 - Watch for the potential breakout of the symmetrical triangle pattern to confirm further

BTC analysis for July 31,.2020 – Watch for the potential breakout of the symmetrical triangle pattern to confirm further

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Analyzing the current trading chart on the 4H time-frame, I found that there is symmetrical triangle chart formation in creation, which is sign that BTC is in period of contraction and that breakout should happen in next period.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.mt5.com/forex_analysis/quickview/182448/