thecryer

Bitcoin warm up

Long
thecryer Updated   
COINBASE:BTCUSD   Bitcoin
- i know some peoples are still waiting for 15k or 10k.
- in 2018-19, some of my friends were waiting BTC to dip $1000 when BTC was around 3000$, they are still waiting right now.

- Used correctly, Bollinger Band is a powerful indicator.
- you need to look closely at the Weekly BB contraction.
- When BB compress, it's a sign of volatility returns.
- the lower BB reached 17k+ ( was around 15.5k few weeks ago )
- The lowest BTC dip was $17,580
- BTC is evolving in a flat rectangle between 17,5k and 25k, the same situation happened in 2018-2019, it's called " Consolidation ".

- i can only suggest you to DCA buy instead of missing the train.
- it's better to take the risk to go in between 17k5-19.5k, than wait for a price that you won't never see again.

" The greed works on both sides, Bulls or Bears. "

Happy Tr4Ding!
Comment:
exemple of compression :

Comment:
Exemple of Moon Shoot to Fast Rekt Leveraged Money :

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.