Historical Volatility at 40% for BTC, previous times this happened has lead to major moves

in GEMS2 months ago

We may be about to see a big move in BTC

The historical volatility is now at 40%, which has meant a big move incoming historically.

When bitcoin has reached this level in the past, it has lead to a move between 30% and 60% in the following weeks...

Check it out:

image.png

(Source: https://twitter.com/Josh_Rager/status/1282300101705310209/photo/1)

Unfortunately 2 of the last 3 moves with a similar setup have been to the downside, but that doesn't necessarily mean much as we were at different points in the halving price cycle.

That being said I have been noticing volatility contracting for months now, we are due for a big move and hopefully that move is up.

Hopefully when it does break hard it drags up STEEM with it!

Stay informed my friends.

-Doc

Sort:  

Hope it will rise above the sky

Me too.

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