Re: Bollinger: "BTCUSD is in a BB Squeeze, Awaiting confirmation of a move higher."
If the price plunge low to $9000 again, I think this might just be the last we will see of that $9000 and we may have to take it as an opportunity for those who has been skeptical about making investment to make it right now before there is another surge that would make it impossible for them to buy again.
I always try to keep an open mind to prevent getting married to trading positions.
Ultimately I still see room down to the $7K area, where this orange 20-month EMA is. I would be pretty surprised to break below the June monthly pivot at $7,432 (Bitstamp) though:
More likely, we'll just retest the low $9,000s one more time like you said. I have a feeling we still need to shake the trees but that's probably it.