BitcoinShort
BTCOIN - SAME CONSOLIDATION BUT.. INVERTED.
It's really interesting that actual conslidation look pretty much same as previous... distribution, but its 100% inverted.
The last phase got flettened due to clear rejecon in the distribution wedge we had few months ago.
So imo its quit clear now - make it or break it.
Rejecton here should lead to finding liquidity under the low. Nevertheless from there imo we will go up.
Second scenario should lead us to clear break of 19.7/8 area and probably some nice run, what imo wont happen but lets see.
The last phase got flettened due to clear rejecon in the distribution wedge we had few months ago.
So imo its quit clear now - make it or break it.
Rejecton here should lead to finding liquidity under the low. Nevertheless from there imo we will go up.
Second scenario should lead us to clear break of 19.7/8 area and probably some nice run, what imo wont happen but lets see.
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.