We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
After a corrective wave in the crypto space, blue chips are down 30–40 percent from their highs, while some of the riskier areas have fallen closer to 80–90 percent.
Following months of consolidation, cryptocurrencies appear poised to make their next move.
Here’s today’s standout:
The iShares Bitcoin Trust ETF $IBIT is currently exhibiting a Squeeze Score of 94.1.
Here’s what the chart looks like:
IBIT is coiled in a tight range in the context of a distribution pattern.
Price is currently trading against the ETF listing AVWAP, a level that has provided support for previous corrective waves.
With volatility on the Strazza Indicator back to multi-month lows, and speculative technology writ large starting to participate again, the bet here is simple: a catch up and a failure to break down.
