Peter Brandt sees expanding triangle pattern in Bitcoin, warns of no breakout yet

From Investing.com

August 12, 2024 2:30:21 pm:

Veteran Trader Peter Brandt notes an intriguing price pattern for Bitcoin, an expanding triangle. He emphasizes trading set-ups based on classical charting and avoiding range-bound prices. Despite BTC dropping 2.09% in 24 hours to $59,450, Brandt warns there’s no breakout yet, urging caution before making significant moves based on the pattern. Brandt’s caution emphasizes patience and confirmation in trades.

Read more at Investing.com: Bitcoin Epic Price Pattern Spotted by Peter Brandt, But There’s a Warning By U.Today