Massive Bollinger Squeeze

There has been a major Bollinger Squeeze on BTCUSD which led to a 4.54% dump. I was actually in a short during this time based on some TA, so that went well :). This means practically nothing in terms of the bull market, it's simply a natural little retracement that will happen all the time. From here it could continue down for a while but I wouldn't be taking any action on that as of yet. Wait for it to settle into a better pattern and take a look at some of the overbought/oversold indicators. If you're looking for coaching or to understand how I come up with these signals let me know.