Technical analysis by Madmantrades about Symbol BTC: Buy recommendation (8/16/2024)

https://www.tradingview.com/x/yHqFW3vo/Btc recently had a nasty breakout from the given range. This made me think that we would drop hard and go deep into the abyss. But it turned out to be a fake out. Looking at the charts I can see that we have an ascending triangle within a bigger ascending triangle. The MACD and RSI is also looking bullish. I went in with 200x and at the time of writing. I have about 150% ROI and have made the trade risk free. Whatever the chart is doing I will at least make some money!Stop loss got hit and I made some money. I will continue using this strategy on the way up. I am trying to ride the wave!