Big Crypto Move Coming | Litecoin and the Bollinger Band Squeeze
There is a Bollinger Band squeeze setting up on various time frames for Litecoin (LTC). Other coins are showing the same.
Look for increased volatility very soon. The last few times the bollinger band width has been this low in litecoin, the result has been a dump lower. This is expected as it has been a bearish market on all time frames. But then for every time it broke lower, the chances increase that the next one will break higher.
Kind of like an immutable law of trading that 5-8 straight candles of the same color are just too many, and an opposite candle will follow (until it doesn't). But this is trading, not roulette (although sometimes indistinguishable).
Anyway, thought you all would like to be aware of the increased volatility approaching. Thank you for viewing.
Travis
JMJ - UIOGD
Look for increased volatility very soon. The last few times the bollinger band width has been this low in litecoin, the result has been a dump lower. This is expected as it has been a bearish market on all time frames. But then for every time it broke lower, the chances increase that the next one will break higher.
Kind of like an immutable law of trading that 5-8 straight candles of the same color are just too many, and an opposite candle will follow (until it doesn't). But this is trading, not roulette (although sometimes indistinguishable).
Anyway, thought you all would like to be aware of the increased volatility approaching. Thank you for viewing.
Travis
JMJ - UIOGD
Comment:
$77 to a high of $94 in a few days. 22% in 2 days counts as a "Big Crypto Move", right?
