๐ฅ Bitcoin BBW Indicator Predicting SQUEEZE! Be Prepared ๐จ
Bollinger Bands Width (BBW) indicator is derived from Bollinger Bands, a popular tool for technical analysis. It measures the distance between the upper and lower bands, indicating market volatility. A low BBW suggests low volatility and consolidation, while an increasing BBW indicates increased volatility and potential significant price movements.
Bitcoin has been trading in a neutral pattern for nearly 7 weeks, making it unclear where the price will head next. However, the BBW indicator, currently at its tightest on record, signals an impending explosive move, with a higher likelihood of a bearish trend.
Historically, once the BBW indicator reaches the Squeeze Area, it has been more likely for an explosive bullish trend to emerge. Although The last 3 times it has more often signaled an impending sell-off.
Be prepared for an explosive move in the next 1-2 weeks.
Bitcoin has been trading in a neutral pattern for nearly 7 weeks, making it unclear where the price will head next. However, the BBW indicator, currently at its tightest on record, signals an impending explosive move, with a higher likelihood of a bearish trend.
Historically, once the BBW indicator reaches the Squeeze Area, it has been more likely for an explosive bullish trend to emerge. Although The last 3 times it has more often signaled an impending sell-off.
Be prepared for an explosive move in the next 1-2 weeks.
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