BTC squeezed by 200MA and 50EMA

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Just to highlight that BTC appears to have have moved in to a ever-narrowing range between the 50 Exponential Moving Average and the 200 Moving Average on the weekly chart (remember the longer the timescale on the chart, the more significant the support/resistance ).

Please hit the thumbs up if you agree, or comment if you think this will hold any significance to which way we eventually break.


I think it could be the change of market direction. But i won't say it will definitely... it only could, the signs are not too bad.
What do you say about my chart?