The bullish squeeze on the weekly chart continues to tighten as smaller moves are being achieved. To the untrained eye these small irritating moves will mean time to sell however patience, and experience teaches that the desired outcome is smaller moves, further tightening of the B-Bands. There is always a period of B-Band tightening preceding a large move. One would think that the last move was substantial enough however if you see my chart, it was a drop in the bucket. As it stands today VARA's volume is up 12X compared to the pre-HitBTC listing volume and while BTC experienced a pullback overnight the price is still well bullish even as ugly as the chart patterns are on the micro levels. Remember that squeezes often shake investors out and at the same time create whales.
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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.