John Bollinger says to ‘pay attention soon’ as big move could be imminent

Renowned technical analyst John Bollinger has identified patterns in Ether (ETH) and Solana (SOL) charts that could suggest a significant move ahead—especially if something similar unfolds with Bitcoin (BTC).

Bollinger, who invented the Bollinger Bands volatility indicator, spotted potential “W” bottoms forming on the Ether and Solana charts. However, the pattern has yet to appear on Bitcoin’s chart. “Gonna be time to pay attention soon, I think,” he noted.

### Double Bottoms Emerging on ETH and SOL

Ether and Solana appear to be setting up double bottoms, while Bitcoin is still in the process of forming its base. A “W” bottom in Bollinger Bands is considered a bullish reversal signal, indicating the potential for upward price movement.

This month, Ether has dipped to $3,700 twice and seems to be on the path to recovery. Solana mirrored this behavior with a double dip to $175 in October, followed by a modest recovery.

### Bitcoin’s V-Shaped Dip and Current Position

Bitcoin recently experienced a major “V” shaped dip, falling below $104,000 on Friday before bouncing back over the weekend. It currently trades near the lower band of a range-bound channel that emerged in mid-May when Bitcoin first broke the six-figure mark.

### Time to Pay Attention

Analyst “Satoshi Flipper” pointed out that the last time Bollinger advised caution was in July 2024, a signal that preceded Bitcoin’s surge from below $55,000 to over $100,000 within six months.

“At that time, it was indeed time to pay attention. That’s a real Squeeze, and the controlling feature was a two-bar reversal at the lower band,” Satoshi Flipper explained.

### Volatility Storm on the Horizon

Following months of tight compression, Bitcoin’s Bollinger Bands have widened this month, accompanied by increased volatility, particularly evident during last weekend’s record leverage flush. Analysts had anticipated this volatility storm during the market lull in September.

### Watching the 50-Week Simple Moving Average (SMA)

Bitcoin has struggled to break above the $108,000 level—now acting as resistance—since its drop last Friday. Despite lingering fear and panic among traders, analysts remain optimistic that the market is not entering a bear phase.

Analyst “Sykodelic” highlights that markets are still trending upward, citing the 50-week simple moving average (SMA) as a key technical indicator. Since November, Bitcoin has touched the 1-week 50 SMA four times.

“Every single time the price has come down to tag the 1W 50 SMA, there has been mass fear in the market, with the majority panic selling and everyone saying it is over. And every time it has rebounded with strength and pushed much higher,” Sykodelic commented.

As the charts develop, traders and investors will want to keep a close eye on these indicators — particularly if Bitcoin starts to form the same bullish “W” bottom pattern spotted in Ether and Solana. The signs point to potentially significant market moves in the coming weeks.
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