holy consolidation. price hasn't squeezed this tightly in a loooong long time - safe to say a big move is coming.
bottom BB has acted as dynamic support throughout this consolidation period, but price seems to be favoring the bottom band more and more. could price be hinting at a break to the downside? or does this just show that bulls are standing their ground and declaring this "the bottom"?
bottom BB has acted as dynamic support throughout this consolidation period, but price seems to be favoring the bottom band more and more. could price be hinting at a break to the downside? or does this just show that bulls are standing their ground and declaring this "the bottom"?
Comment:
in crypto, i normally take a candle's closing price with a grain of salt. often times i feel like candlesticks just add unnecessary noise, and i just want to see the most granular representation of the data. but i am anxious to see where this candle closes today. look what happened the last 3 times a daily candle closed below the bottom bollinger band:
