it outlines the signifance of converging bollinger bands that become quite close together, catalysing a significant upward or downward price movement, which i expect to occur sometime very soon. This has happened 5 out of the last 5 times (i could keep counting and add to this number if i go further back)
I shared my analysis previously on when RSI dips below 30 which typically incurs a significant price rise upward shortly after. That occurred like 9 times out of the last 9 occurrences. Our RSI recently dipped below 30 on the daily. So probability tells us that it's more inclined to be an upward rise. If the Spot price can chill out and not decline any further i agree this is the more likely scenario. However, if spot further deteriorates we may incur that downward scenario. (all imo)
Quite pleased with myself i was correct on that major support ~24c too. Which i called before it even happened. Lets hope probability is on our side again this time.
