One of the most powerful chart patterns in technical analysis is the Symmetrical Triangle — and yes, it works beautifully in crypto too!
What is a Symmetrical Triangle?
It’s a consolidation pattern that forms when price makes lower highs and higher lows, creating a triangle shape. It signals that the market is getting ready for a breakout — but the direction isn’t confirmed until price moves out of the triangle.
Why it matters:
This pattern shows indecision in the market. As it tightens, it builds potential energy. Once price breaks out (up or down), that energy is usually released in a strong move.
Example: BTC/USDT
Let’s say Bitcoin has been moving sideways after a big rally.
It starts forming lower highs (resistance)
And higher lows (support)
The price squeezes into a triangle
Suddenly — breakout! If it breaks above resistance with strong volume, it often signals a bullish continuation. If it breaks down, it could lead to a reversal or correction.
Key tips:
Wait for confirmation: Breakout + volume = stronger signal
LUse stop-loss just outside the triangle
Set targets based on the height of the triangle added to the breakout point
Learning to spot patterns like the Symmetrical Triangle can help you stay one step ahead in the market.
