Hello world! This is my first post on TradingView!

We are seeing Bitcoin struggling to get above $30 to $31 thousand Tether (USDT). That being said, we are currently at the bottom end of the Bollinger Bands on higher duration time frames (4H, 1D).

We see overall price squeezing, pointing to either a strong continuation down or reversal upwards.

Based on an oscillator I plan on publishing soon, Bitcoin has been consistently trading below the VWMA ( Volume Weighted Moving Average ).

That being said, we are approaching a significant line of resistance in the range of 30 to 31 thousand Tether (USDT).

Leaning long here, but sitting on the sidelines until $30.4K is confirmed as support (Long) or resistance (Short). I will be using the curves drawn and Bollinger Bands as reference moving forward as well.

Best,
jpwall