BTCUSD is showing a symmetrical triangle pattern which already has touched four times on the support and three times on the resistance. We should wait for a break of the triangle to enter into a position (long if breaks up or short if breaks down).
This analysis I had to cancel because it didn't reach the expected projection, sorry for that.
I don't define a slope after the price breaks the symmetrical triangle, I just wait for it to reach the profit target or take my stop loss.
To define the profit target is the distance away as the back of the triangle.
After the price breaks the symmetrical triangle, in this case broke down (short), the price should have dropped the same distance from the back of the triangle.
It was a risky idea but the BTC was crazy in those days.
How do you define the slope of new trendline if it breaks the triangle (both breaks up and down).
I think figure out the slope of new trend is also important because it can show us how long does it take to reach our target price, isn't it?