The Only Thing to do on Bitcoin is Wait - Wyckoff Analysis

This is a pretty basic Wyckoff consolidation/distribution pattern. The only way to know which, is to wait for it to break the range in either direction.
There would have been a good entry on the spring and stop loss could have been at break even already.

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If BTC fails to break out here, it might be a good idea to short down to the long term trendline as in my weekly idea