Bitcoin / TetherUS
Updated

BTC Analysis

107
Simple analysis here-

Small uptrend invalidated by lowering volumes;
Weekly entrance phase looking for retouch;
Squeeze of top and bottom-side trends
Low volume. Big move upcoming today or tomorrow.

Most likely downside (through obv weekly).
Wait for squeeze reaction and retest.
Trade closed: target reached
Closed above trendline
Trade closed: target reached
MSB topside (or trend edge) flipped to downside which i had a grudge on - "Most likely downside"
Note
demand and supply labels are wrong btw

Disclaimer

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.