BTC price dropped slightly to the 8 day EMA. Moved into a long position at 631 with 2/3 of my total and will add 1/3 if it drops to the 21 day EMA. My stop is a close below the 21 day EMA
The squeeze indicator combines bollinger bands and keltner channels to identify when the market is ready to move in a directional manner. Combined with momentum (shown at the bottom), we can get a good idea of which way the trade will move.
In this case, the squeeze triggered when the yellow bollinger band moved inside of the blue keltner channels. Momentum is trending upwards, so I'm expecting BTC to move to the upside.
The last daily squeeze that triggered long was the long run from 440 to 680.
The squeeze indicator combines bollinger bands and keltner channels to identify when the market is ready to move in a directional manner. Combined with momentum (shown at the bottom), we can get a good idea of which way the trade will move.
In this case, the squeeze triggered when the yellow bollinger band moved inside of the blue keltner channels. Momentum is trending upwards, so I'm expecting BTC to move to the upside.
The last daily squeeze that triggered long was the long run from 440 to 680.