The probability of this asset breaking out above the current range becomes more and more likely the further down this channel we experience these large swings. Each oscillation of price action against the upper and lower bands of this squeeze promote expansion. I describe in this video why this scenario IS the likely outcome even against a bearish BTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.