Bitcoin / TetherUSShort
BTC shows sign of reversal forming
BTC is currently forming a reversal pattern.
Note: BTC has already broken from larger upward bullish trend. Trending flat right now we wait if this consolidation before going higher or distribution before falling.
- After its recent high failed to break above its previous high denoted by the two blue arrows
- We now watch for the pattern to confirm the reversal by breaking below the last low which occurred just before the highest high
Note: BTC has already broken from larger upward bullish trend. Trending flat right now we wait if this consolidation before going higher or distribution before falling.
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