BTC 4H BOLLINGER BAND SHRINKING AGAIN
Updated
# Our previous idea suggests a possible breakdown to $7100, $6800, bull have managed to hold the fort so far, but for how long? weekend is closing down, which would suggests lower trading volume.
# Main theme today is the shrinking Bollinger Band, which we could spots twice in previous local trade, once price goes down, once price goes up, third time?
# All eyes were on BCH halving, perhaps the volume will return to BTC again soon, US unemployment report suggests newest evidence of economic decline, will crypto market follow suit?
# Main theme today is the shrinking Bollinger Band, which we could spots twice in previous local trade, once price goes down, once price goes up, third time?
# All eyes were on BCH halving, perhaps the volume will return to BTC again soon, US unemployment report suggests newest evidence of economic decline, will crypto market follow suit?
Note
It broke down! price could test a $6800 later maybe in US session, will update a newer chart soon to target a possible swing trade into the upside.Note
If the selling pressure continue until US session, the price might form another bearish candle, which would form a black crow pattern. This could get BTC to test a strong and physchological support level at $6600.
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