Bitcoin making a large move is very imminent right now, all indicators point that we are at a crossroad. The upcoming days may be crucial.

Was anything different in the past weeks? Well for me at least, I was barely checking any charts for the past weeks as everything just seemed so boring. It really feels like we have been crabbing between $26k to $27k for the past weeks, with just a few moves up and down of that range which immediately got reversed anyway. Such periods of silence are usually just the calm before the storm. As the great Sun Tzu once said “If the enemy is close at hand and remains quiet, he is relying on the natural strength of his position“.

Whether that strength is actual strength remains to be seen, but multiple simple TA indicators already point and further support the thesis that we are crossroads.

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https://preview.redd.it/qm5b9losvf2b1.jpg?791&format=pjpg&auto=webp&s=f9bd9cfc32d7b9740650786586f3c6925ceb64ae

Here in the short-term we can see how we are at such low volatility levels that a larger move is very likely to come pretty soon, as it has appeared in the past weeks and days too, once we had reached such low-volatility levels.

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Both sources from Matthew Hyland on Twitter

The Relative Strength index is also showing a symmetrical triangle right now, which stands for neutrality und indifference in the markets, which will likely be soon resolved.

Now let‘s sit back and watch the inevitable show go off, the good thing as long-term holders is that we don‘t have to scratch our head too much about such short-term moves, but it is just good entertainment for us.