Bitcoin Bollinger Band ð (End of Santa rally)
The volatility of the asset can be viewed relative to the width of the Bollinger lines, and it is also convenient to use the BBW oscillator for this.
âïļWe have mainly 3 waves of increasing volatility before the main bull run. The first is mostly the bottom of the market, and the second or third is the midcycle peak. If one wave was quite large, the next one is mostly smaller, like in 2019.
ðĪIn our case, the waves of volatility are more similar to 2016. I expect something in the middle between 2022 and 2023, so a possible stop somewhere around ~1.00.
ðĄHow does such a wave end? This is mainly a retest of the middle line ð of the Bollinger bands, now it is 33k+, note that it is rising.
âïļWe have mainly 3 waves of increasing volatility before the main bull run. The first is mostly the bottom of the market, and the second or third is the midcycle peak. If one wave was quite large, the next one is mostly smaller, like in 2019.
ðĪIn our case, the waves of volatility are more similar to 2016. I expect something in the middle between 2022 and 2023, so a possible stop somewhere around ~1.00.
ðĄHow does such a wave end? This is mainly a retest of the middle line ð of the Bollinger bands, now it is 33k+, note that it is rising.