UnknownUnicorn4304403

Bitcoin 1hr chart 10/14/2019

BINANCE:BTCUSDT   Bitcoin / TetherUS
Im taking a look at the hourly chart today and it is really bouncing around right this minute. The candles jumping around like that are exciting to watch and they really move sometimes. One thing Ive noticed is you will see the 1 hour candles become a bit more volatile at the end of their hour. That is one of the worst times to panic as the price is bouncing quite a bit and I have found being patient in that situation is a better option than anything else. Just keep those SL's set and you will be good. The current candle wicked pretty deep almost touching the bottom of the descending triangle I threw up there. The cloud gets quite thin in the next few candles signifying that there has been little movement in the past few days. Nothing out of the ordinary for a weekend but still. That is one thin cloud. I imagine we would break from this triangle in the next 12 hours. Im thinking down. If we go up and get past the daily 200 MA I will consider that bullish. That is the key factor here. The daily 200 MA. Many traders are looking at it just like me. You should certainly not ignore it. Anyways daily volume is at $14,897,905,857 which is about average lately. BTC dominance is currently 68.58 according to TradingView. Bolinger bands are tight on multiple time frames. We are approaching the end of the descending triangle. A move is coming. I can smell it. But WTFDIK?
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