Comparing market structure back in last BTC 0.03% bear market with current bear market. Same relation between volatility (Source: bollinger band width) and price development seem to panning out in the current bear market. If this replicates it means that:
- Bottom has formed (~6000)
- Volatility will continue to decrease for a few weeks
- Incoming bull trap
- Will revisit bottom after bull trap (~6000)
If this pans out we should see a new bull market in 120-168 days from now based on last bear market
- Bottom has formed (~6000)
- Volatility will continue to decrease for a few weeks
- Incoming bull trap
- Will revisit bottom after bull trap (~6000)
If this pans out we should see a new bull market in 120-168 days from now based on last bear market
Nota
Six weeks later volatility has continued to drop to levels only seen 3 times in the last 3 years. Expecting increased volatility in November.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.