This chart shows Bitcoin (BTC/USDT) on the 1-hour timeframe, highlighting two periods of sideways consolidation (marked in blue).
Both zones lasted 64 bars (2d 16h), indicating similar market indecision or accumulation/distribution phases.
The first consolidation (left) was followed by a strong bullish breakout, while the second (right) is currently unresolved.
Price is trading within a tight range between ~117,600 and ~118,400 USDT, suggesting potential for an imminent breakout or breakdown.
Volume during the current consolidation is lower than the previous one, hinting at reduced momentum.
This setup may signal a key move once the price exits this range.
thanking you
Both zones lasted 64 bars (2d 16h), indicating similar market indecision or accumulation/distribution phases.
The first consolidation (left) was followed by a strong bullish breakout, while the second (right) is currently unresolved.
Price is trading within a tight range between ~117,600 and ~118,400 USDT, suggesting potential for an imminent breakout or breakdown.
Volume during the current consolidation is lower than the previous one, hinting at reduced momentum.
This setup may signal a key move once the price exits this range.
thanking you
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Related publications
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.