BITCOIN The lowest volatility ever signals a strong RALLY !!

11 Sep 2020

I will be quick on this one and will just state the fact. The Bollinger Band Width (BBW) on Bitcoin, which measures the degree of volatility on the market is testing the lowest ever reading, going all the way back to March 2016! That is on the Monthly chart, in order to account for all three BTC cycles.

As you see every time BBW hit a low (December 2012 and March 2016), Bitcoin was trading within the 0.1 - 0.2 Fibonacci retracement level (bottom to top of cycle). Is it a coincidence that as the BBW is testing now the 2016 low, Bitcoin's price is again within the 0.1 - 0.2 Fibonacci? In fact it got rejected on the 0.1 mark last month.

Will the 0.2 Fib hold as it has during the previous two Cycles and initiate the much anticipated Bull Run? Feel free to share your work and let me know in the comments section!

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