A symmetrical triangle (3k max height) and tightening bollinger bands, here are some paths for bitcoin.
Despite the directional lines, I think it's likely we'll go sideways until B Width is around 0.03 (marked) and then break one way or the other.
Although this shows long/short being equally polarised, I choose short purely because we have to correct further and are still overbought, although I am taking no considerable position until it breaks one way or the other.
Not reliable, but if we had corrected properly the shorts index should have fallen sharply alongside the price. I've added a trendline because it may "escape" when we go bull/bear.
Despite the directional lines, I think it's likely we'll go sideways until B Width is around 0.03 (marked) and then break one way or the other.
Although this shows long/short being equally polarised, I choose short purely because we have to correct further and are still overbought, although I am taking no considerable position until it breaks one way or the other.
Not reliable, but if we had corrected properly the shorts index should have fallen sharply alongside the price. I've added a trendline because it may "escape" when we go bull/bear.