Crypto Contest May 5: Bitcoin Volatility
Bitcoin Historical Volatility Index (BitMEX: BVOL) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BVOL began a red wave A advance on February 8. The red wave A finished on April 6, and the red wave B correction ended on April 28. If this wave count is correct, BVOL should be heading next towards the April 6 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The BitMEX 30 day Historical Volatility Index is referred to as the .BVOL Index. The Index is the rolling 30 day annualised volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP) of Bitcoin / USD.
(Sources: https://www.bitmex.com/app/index/.BVOL)
How Will Bitcoin Historical Volatility Index Trade?
Bitcoin Historical Volatility Index (BitMEX: BVOL) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
BVOL will takeout the April peak
BVOL will drop below the February low
BVOL will stay in a trading range between the February low and the April peak until June 9
BVOL will drop below the February low
BVOL will stay in a trading range between the February low and the April peak until June 9
Correct. Upvoted your comment:
https://steemit.com/blockchain/@blackyear/qbjtzl
BVOL will drop below the February low
BVOL will drop below the February low
BVOL will takeout the April peak
BVOL will stay in a trading range between the February low and the April peak until June 9
Correct. Upvoted your post:
https://steemit.com/life/@simonjay/steem-diary-entry-14-11-6-2020
BVOL will stay in a trading range between the February low and the April peak until June 9
Correct. Upvoted your post:
https://steemit.com/bnwphotography/@fredkese/black-and-white-photography-213
Thank you
You are welcome.
BVOL will takeout the April peak
BVOL will stay in a trading range between the February low and the April peak until June 9
Correct. Upvoted your post:
https://steemit.com/hive-131812/@toofasteddie/toof19feb895d
BVOL will stay in a trading range between the February low and the April peak until June 9
Correct. Upvoted your comment:
https://steemit.com/blockchain/@steem-d-anlovnit/qbnh8y