Wanted to share my recent obersvation with BB. On the 4H chart, the vertical lines marked the areas where the width of the bands reached a certain level of tightness. When the the price is above the middle bollinger band, the next impulsive move has been up and vice versa. I will follow this up and update you when a similar setup will be given. In conbination with...
Bitcoin ranging rn. Yellow area's are short term S/R areas while grey areas same on higher TF. IMO price movement is neutral and could break out in both ways. Nevertheless I'll be prepared for both.
ETH consolidating at current level since drop. Low volume / low volatility . Drop got stopped out by Kijoun sen. BB getting tight and therefore bigger move will be expected in the next hours. Area of interesst marked. Cheers