BTC looks like it's compressing for action at Daily Close

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Dec 30, 2018 9:46 PM

It seems like Bitcoin is compressing here with higher lows and lower highs. It's not clear what to expect when it breaks however, will it be up or down? Marked out are the possible levels it would go in either direction.

Comment

⋅ Dec 31, 2018 12:34 AM

Still no significant action....like walking on eggshells!

Comment

⋅ Dec 31, 2018 2:38 AM

Well somewhat unexciting and unclear at the moment. Just broke out down, but was quickly bought up. Lets see....

Trend Analysis

Comments

crazyrabbitltc

⋅ Dec 31, 2018 1:14 AM

Compression is getting even tighter. We start to have more wicks down than we do up. Perhaps we start to exhaust selling pressure? Or is it a fakeout?