Zvn’s Charts
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.
Got the squeeze confirmed by the indicator creator himself:
https://twitter.com/bbands/status/994287292264009728
https://twitter.com/bbands/status/994287292264009728
Twitter
John Bollinger
@opchecksig That's correct, which equals a Squeeze, but how absolutely tight doesn't matter.
.@cacheboi here, I'll be posting more big picture stuff here sporadically.
Forwarded from cache charts [archive]
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?
Forwarded from Zvn’s Charts
Consider that sell volume is declining tho, I would’t go short now if I wasn’t already from higher up.
Forwarded from Zvn’s Charts
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.
Forwarded from Zvn’s Charts
Invalidated if falling wedge/0.5 breaks up, of course.