VERY IMPORTANT FOR BTC

7 Jun 2021

Bitcoin seems to be building up some momentum as we notice lots of sideways movement and our bollinger bands are starting to squeeze, keep in mind this could be bullish or bearish. If you look back in time when bollinger bands begin to squeeze it is almost certain we will see at some point an explosive move, aswell with the bollinger bands as you can see marked with arrows when we begin to ride the top of the band big upwards movement occurs and same with riding the bottom band bug moves to the downside happen. now noticing our candle today is getting really close to the BB specifically the bottom band which if we continue this movement we could be in for another pullback, we don't want to see the candles start riding the bottom unless of course you buy the dips! The MACD aswell is continuing with close movement of the MA's and this is a must watch as we could definitely see a bearish cross anyday now, if this happens and we start to ride the bottom BB we can for sure expect a pullback, no way to tell how big but could be smaller or normal, i doubt a large scale pullback due to the fact we just had a major one that is out of the usual for these cycles. We are seeing some money flowing into BTC but we are starting to curl again downwards with money flowing out, we gotta see some momentum from the buyers if we are going to see a reversal to an uptrend, also need volume which has been very low. Not financial advice just my opinion!