This would be a good time for BTC to form a cup & handle to add strength to the reversal argument and getting ready for a move up to the 6K+ resistance areas in the medium term, volume is steady but not high making sideways another likely scenario if the cup doesn't play out.
Note
Played out on the S-side unfortunately for longs, tightening ranges spell more erratic price action for a while yet.
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.