Analysis: -200d BB 1.25 stdev is visually very wide, would require an enormous amount of volume for a trend continuation move right now. -1.25 stdev pivot now acting as resistance (previously support) -50d BB 1.25 stdev likely to expand here. Long term compression, short term expansion. No implied direction, but is hinting at a move very soon. (shown via BB width) -RSI is neutral. **The trough following Sibos 2017 had this same trough for the RSI, and the succeeding move resulted in a 10x increase. Same here would be $20.00. This would be the contingency plan for a short** -Declining volume -Pitchfork channel also acting as resistance currently. -
Comment
⋅
refer to my previous posts to see how this pitchfork has proved itself through time
Comment
⋅
Currently closed this trade to a roughly 20% gain (2x leverage). Will reopen if presentation today is a dud.
Comment
⋅
At it again. This ship is going down.
Trade active
⋅
watching for this dump to continue
Trade closed: target reached
⋅
Short was closed yesterday amid rise in BTC/USD. Depending on Bitcoin's movement, may or may not continue trade.