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Stop calling it a 'zig-zag,' here's what's really going on

Binance

Cryptocoins Exchanges / Binance 26 Views

Stop calling it a 'zig-zag,' here's what's really going on

Seeing numerous charts mentioning the weekly "zig-zag pattern" for [$BTC](https://). Let's name it what it's: sideways consolidation.

This isn't some predictive technical sign. It's simply worth motion in a range-bound market. The info is impartial. There's no robust directional bias proper now, just the market absorbing provide and ready for a real catalyst. Calling it a sample doesn't make it one.

In addition to easy strains on a chart, what actual knowledge are you using to determine the subsequent course?

submitted by /u/VERSA_CRYPTO
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