Bitcoin and Ethereum are showing something interesting on their daily, 2-day, and 3-day charts right now. Both assets are sitting in the 'low' percentile range of a Bollinger Band squeeze, and it's tightening toward 'extreme' territory. Worth noting: the previous time we saw this pattern play out, price action broke to the downside. Not saying history always repeats, but these compression zones tend to precede volatile moves. Keep an eye on which direction things break when the squeeze releases.
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CoinBasedThinking
· 12-06 04:53
Damn, it's the same trick again. Last time they did this, the price crashed right after.
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SchroedingerMiner
· 12-06 04:41
This squeeze feels different; last time it broke down was a special situation, right?
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SmartContractPlumber
· 12-06 04:39
This round of Bollinger Bands compression... Last time I saw a similar pattern, the price dumped right after. I guess this time won't be any different.
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VitaliksTwin
· 12-06 04:39
Damn, is it that kind of tension building up again? Last time it was so squeezed and then just dumped. Can we get a reverse move this time, haha?
Bitcoin and Ethereum are showing something interesting on their daily, 2-day, and 3-day charts right now. Both assets are sitting in the 'low' percentile range of a Bollinger Band squeeze, and it's tightening toward 'extreme' territory. Worth noting: the previous time we saw this pattern play out, price action broke to the downside. Not saying history always repeats, but these compression zones tend to precede volatile moves. Keep an eye on which direction things break when the squeeze releases.