Post
Topic
Board Economics
Re: Thoughts for the day - Past and Futures
by
exstasie
on 22/07/2019, 23:21:41 UTC
Something has caught my eye looking at the 4hour chart using candlesticks with Bollinger overlay. It has tightened up considerably while trading very flat in a small non-volitile pattern. The RSI is neither indicating over or under sold conditions. The appearance of a 10k support level suggests with that, that a push up is waiting for a trigger. And I suspect this will be within the next week.

The tight Bollinger Band squeeze you were pointing to broke to the downside:



It's not a convincing breakdown though. In fact, the $10K area was bought up hard so we're actually still inside the previous range. This could technically still be a fakeout before another try upwards.

I'm still sitting on my hands. I have zero confidence predicting what'll happen next. What do you think?