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INCOMING VOLALITILITY!!- Bollinger Bands Theory

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The Bollinger Bands , one of the most trusted indicators in technical analysis is experiencing a major contraction on the daily chart . The price is right at the exponential moving average line, causing this contraction of the standard deviations which make up the bands. This is a very strong indicator for incoming volatility . How long it will take to play out is impossible to predict, but it is coming.


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Comment: Right back at the EMA line.
Bullish scenario would complete a Inverse head and shoulders formation and break the 6,900 neck line.
Bearish Scenario breaks down below the 5,8xx support.

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