Trendline broken. Could see a bounce on the kumo now, but I'm not confident on this, most probably will retest previous low support/bottom of the clou at 8.8~8.9k, should that break then we're in for a medium term bear trend to next support at 8k, at least.

BBands haven't been this tight on the daily since before the downtrend, lots of consolidation @ 8.6~10k range. A very big move is coming either way.

The indicator bellow is Bollinger Bands Width.

$LSKBTC at strong support and decreasing/low sell volume.

Got the squeeze confirmed by the indicator creator himself:
https://twitter.com/bbands/status/994287292264009728

$xbt on the move down through this fractal, needing volume to kick in or else we'll likely pull back, negating any hopes of seeing sub 8k easily.

.@cacheboi here, I'll be posting more big picture stuff here sporadically.

Previous low breaking

https://www.tradingview.com/x/8cbjKEWt/ - extending range, we need to clear out some shorts taking profits, maybe a pull back to range support-turned-resistance?

Sorry in advance to color blind people

whoops, accidentaly hidden the RSI

Yep. Turned resistance. I’m short from the red arrow.

Consider that sell volume is declining tho, I would’t go short now if I wasn’t already from higher up.

Unconvincing volume for now, sitting on 0.618 fib, possible pullback to 8.2k, but I don’t think momentum will be enough to retake it and it will eventually break support and fall into the void.

Invalidated if falling wedge/0.5 breaks up, of course.