Trade Bitcoin Trading

Interpreting Bullish Bitcoin Breakouts During BTC/USD Trading Sessions

A cryptocurrency chart breakout means a pattern of going sideways is done. The Bitcoin price breaks out and goes in one direction, making a trend.

The Market Reaction Following a Breakout of a Bullish BTCUSD Trading Formation

The bitcoin price can breakout to the upside & starts heading in the upward direction thence forming a bullish upwards market trend. After the btcusd market breaks-out in the up direction the btcusd market will continue to move in that specific direction for quite a while. Once the consolidation pattern upward side break out is confirmed the bitcoin prices on the chart will remain bullish.

What usually happens in Bitcoin after a bearish breakout?

The price of bitcoin can suddenly drop and start going down, creating a downward trend in the market. When the btcusd market breaks down like this, it will likely keep moving in that direction for a while. Once the chart pattern confirms that the price has broken downwards, the bitcoin prices on the chart will likely keep going down.

A trader should wait til the consolidation pattern is confirmed by bitcoin prices breaking out of this consolidation pattern & moving in one specific direction before opening any btcusd crypto trade - sell bitcoin trade or buy bitcoin trade.

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