BCH - Bollinger Band Squeeze Setup Forming Long

Bitcoin Cash / BitcoinBitstamp

Description

⋅ Jan 15, 2018 12:30 AM

BITSTAMP:BCHBTC may be forming a bollinger band squeeze setup

As you can see on the chart, the bands are narrowing and the bandwith is low

We want to see the price shoot through the upper band for a long posisition

But ideally, we want to confirm the long position by also breaking vertical support

Let's keep our eyes open on this one!

Let me know what you think.

Comments

Crypto_Slinger

⋅ Jan 17, 2018 3:02 AM

Well, the volatility came... but it went down instead of up! Closing this idea since it didn't go our way- especially considering the overall feeling of the market right now.