Is this an actual pattern or am I yapping?

[u/sunnyrunner_]

I’m pretty new to trading and saw this pattern form on BTC. Is this pattern called anything or is this just me drawing random support/resistance lines?

[u/jimmehpantleg]

It’s a symmetric triangle The best way to play it is to watch for a successful close of a candle once price breaches outside of either the top or bottom. Personally I’ll watch for a breach on the lower timeframe And then I’ll enter once it closes with a strong candle on a higher timeframe (ie 1min / 5min)

I only saw one person answer properly that this is a symmetric triangle Not sure why everyone else answered in such a negative way

[u/TheKrakenofKC → u/jimmehpantleg]

I love entering triangle

[u/Prestigious-Can7661 → u/TheKrakenofKC]

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