Bitcoin / TetherUSShort
Preparing for the BTC correction?
Long term. Monthly candles.
There is a strong bearish divergence in the Force Index.
In addition, it has been several months without overcoming historical highs.
An accumulation phase could be identified from Q4 2022 to Q1 2023. After a bullish rally, it enters a sideways phase near the highs that could indicate a distribution phase of BTC bought in the accumulation phase with a profit of about +250%.
Time to reap profits?
There is a strong bearish divergence in the Force Index.
In addition, it has been several months without overcoming historical highs.
An accumulation phase could be identified from Q4 2022 to Q1 2023. After a bullish rally, it enters a sideways phase near the highs that could indicate a distribution phase of BTC bought in the accumulation phase with a profit of about +250%.
Time to reap profits?
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.
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.