peterbhc

BTC Tight Bollinger Bands on Daily

Short
peterbhc Updated   
BITSTAMP:BTCUSD   Bitcoin
Normally when the Bollinger Bands get this tight on the daily an impulse is close.

I bet we see a pump and dump to Macro Trend and then we explore around 18000.

The US Markets have made fresh new lows for the year, BTC may have the chance as well very soon.

Good Luck
Comment:
BTC is testing 4H MA50, again. This has been a significant rejection level for weeks.
Comment:
Daily Mid Bollinger Band is also a selling point and as you can see been holding price advance below it. BTC should test lower BB for buyers (around 18,500).
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