Bitcoin is showing tight constriction within daily Bollinger Bands.
The last time Bitcoin was this constricted was in May and when the bands released, BTC soared 40% from 5100 to 8700.
I recommend being patient and trading the breakout.
Short - look for support on 200SMA 8100-8600.
Longs look for resistance at 13.9k, 15-16k.
The last time Bitcoin was this constricted was in May and when the bands released, BTC soared 40% from 5100 to 8700.
I recommend being patient and trading the breakout.
Short - look for support on 200SMA 8100-8600.
Longs look for resistance at 13.9k, 15-16k.
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