DadShark

Strong chance of new trend

Long
BINANCE:IOTABTC   IOTA / Bitcoin
Sufficient compression across all timeframes to allow for an upward move with minimal resistance. Confirmation on lower timeframes as a new expansion pushing past previous compressed periods with a resulting pivot point of 1h 300 period 1.25 standard deviation. Provided price stays above said pivot , trend should sustain indefinitely. The moment that pivot breaks, trend will end.

As trend duration is indefinite, no targets provided as price will continue upward so long as pivot holds. When the pivot does break, price will mean revert down to the 1h 300 MA.

Everything on this chart is just a different representation of a bollinger band . Most metrics are defined based on relative width of the distribution rather than the current deviation itself.

FREE HOUR LONG LESSON HERE!
https://youtu.be/WJUo858bEQE
INDICATOR AND LESSON ACCESS!
Website: http://sharkcharts.live
Discord. Large community of veteran traders! Join us!
https://discord.gg/Re4VXDt