We've been in this consolidation range since June (red box). Given the master pattern moves in the last couple days and the near doubled volume, it look to me that bitcoin is ready to trend in one direction or another and get out of this range. On the other hand it could play out as a multi-leg extpansion and just keep widening the range. Either way, things looks like they could loosen up here.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.