Big Moves In The Works
$Bitcoin (BTC.CC)$
Bollinger is coiling up very tightly. Bitcoin usually gets some volume swings in price action after coiling so tightly. You can even see the unnatural price swing of $2000 on a single one minute candle.
Bollinger is coiling up very tightly. Bitcoin usually gets some volume swings in price action after coiling so tightly. You can even see the unnatural price swing of $2000 on a single one minute candle.
All of this is happening with a major spike in recent relative volume. You can expect the market to pick a direction soon.
We are cooling off from a short term downtrend so one might expect some upside soon. But if we drop below this newly formed short term zone of support then i might worry.
Are we going up or down people?
$SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Crude Oil Futures(SEP4) (CLmain.US)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $SSE Composite Index (000001.SH)$ $SSE 50 Index (000016.SH)$ $CSI 300 Index (000300.SH)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$
$SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Crude Oil Futures(SEP4) (CLmain.US)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $SSE Composite Index (000001.SH)$ $SSE 50 Index (000016.SH)$ $CSI 300 Index (000300.SH)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$
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SpyderCall OP : I mean check out these crazy swings on one minute candles. A storm is brewing. Or we could be fueling up for blast off.
SpyderCall OP : looks like it chose to go down for now. ouch