Looking at the chart analysis, you can see a few things:
1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards.
2. The “Descending triangle” that has been forming since past month is coming to an end.
3. Bitcoin's volume has been decreasing ever since the descending triangle formed.
Due to these occurrences, Bitcoin is about to finally change its direction, and maybe end the sideways motion it had since August. This in turn will change the direction of the Crypto market.
This is not investing advice, and I will respect everybody's opinion. Feel free to say what you think about this study.
BTCUSD
1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards.
2. The “Descending triangle” that has been forming since past month is coming to an end.
3. Bitcoin's volume has been decreasing ever since the descending triangle formed.
Due to these occurrences, Bitcoin is about to finally change its direction, and maybe end the sideways motion it had since August. This in turn will change the direction of the Crypto market.
This is not investing advice, and I will respect everybody's opinion. Feel free to say what you think about this study.
BTCUSD
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.