Update: The CLEAREST chart in history
An update for our signal which earned us +20%. What comes next, after we had successfully predicted the reversal?
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
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- DUSK/BTC has fallen back to a state of relative compression. Periods of 200, 100 and 55 are regressing below the necessary level of 0.7 on the WAVE-PM indicator, but still need time to do so.
- 14-day volatility characterized by the orange oscillator is below critical levels, and therefore has enough potential to produce a short-term movement in the following days.
- Its target could be the 200 MA on the 1H chart, or similarly the 50 MA on the 4H chart (turquoise color). As this is a more risky signal, we DON'T recommend taking it without setting tight stop-losses and doing your own research first.
- For the rest of the compression, the price should remain inside the 50 MA Bollinger Band on the daily chart, which is currently at the levels of 537 (lower band) and 667 (upper band). These are the relative highs-and-lows, and a movement on either side should be stopped by them until enough volatility ceases to be and a new trend begins. Please, use the displayed purple band for an approximate reference.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
Facebook: https://www.facebook.com/meowsignals/
Website: (coming soon)
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