TraderRiz

BTC - Weekly Forecast - 20 May 2024 - Image

Short
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

As per image, we had our consolidation at the bottom left.
Since then we have had three drives up to a top, that also aligned with a 6x of the consolidation range.

We then had a close below a green candle, and also a break of market structure, suggesting its time to move lower.

I've highlighted where i could look to get in, with SL and TP.

For me its not time to go back to the lows.
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