Bitcoin / TetherUSShort
52k or so zone Weekly chart close - Sideways until breakout
Continue with my previous chart about consolidation before a breakout.
It's currently playing out, we will now go sideways around 60,200 range over the weekend and will close the weekly candle around 52k.
I have also compare the 2HR chart with this consolidation pattern image attached in the chart.
I like to FLIPPED my CHARTS for this.
For bigger timeframe analyst, please go and compare the weekly chart with wyckoff distribution schemetic. You will noticed the triple tops I mentioned in my previous chart, this is considered the Utab phase and it has marked the tops and bear market has already began.
I have reentered my short after taking some profits from the last trade.
It's currently playing out, we will now go sideways around 60,200 range over the weekend and will close the weekly candle around 52k.
I have also compare the 2HR chart with this consolidation pattern image attached in the chart.
I like to FLIPPED my CHARTS for this.
For bigger timeframe analyst, please go and compare the weekly chart with wyckoff distribution schemetic. You will noticed the triple tops I mentioned in my previous chart, this is considered the Utab phase and it has marked the tops and bear market has already began.
I have reentered my short after taking some profits from the last trade.
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