cerealpatterns

the last time this chart pattern happened we consolidated

BITSTAMP:BTCUSD   Bitcoin
the 4hr picture on qqe and sss is short. the last time this happened we had to revisit some area of supply/movingaverage in order to continue. theres nothing saying the dollar cant squeeze and bitcoin experience a little snapback to recent lows, and i would be cautious entering long here hoping to bump higher on the weekly. the picot price ive marked out here in the middle is critical, and i would look to target upper horizontals if we can hold that level, and the lower horizontals if we start resisting there.

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