Failure for now. Stopped out at breakeven overnight, I didn't account for 10k psycological resistance being so strong, RSI did show some bearish divergences tho, shouldn’tve ignored them. Medium term uptrend still alive as a higher high was made and a higher low is being made.
Crypto Charters TA
Strong resistance at $9535, strong breakout sits above there, we can cool off a bit here because we are a bit overbought which in a strong uptrend wont have much impact.
Faked out 9535 resistance, current monthly open sits around 9150 on Finex. So strong support here, once we clear 10.3k uptrend gonna gain a lot of strength.
Forwarded from Zvn’s Charts
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.
Forwarded from 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.
The indicator bellow is Bollinger Bands Width.
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.