ðĨ Bitcoin Volatility Alarm ðĻ Potential New All-Time High Soon!
In this analysis we're going to take another look at my Volatility Depth indicator (see below). As of recently, this indicator has yet again flashed green. Green means extremely low volatility.
As we know, low volatility always precedes high volatility.
Since September 2023, every time that this indicator has flashed green it predicted a strong bullish move in the short-term, with 20-30 percent moves. Keep in mind that this indicator doesn't predict bullish moves, it only predicts "big" moves, which could be in either direction.
If the next move will be big we could even make a new ATH in the next few weeks. We just need a ~35% move from this point, which is fairly possible looking at recent history.
Do you thing that we're going to make a new ATH soon? Happy to year your thoughts ð
As we know, low volatility always precedes high volatility.
Since September 2023, every time that this indicator has flashed green it predicted a strong bullish move in the short-term, with 20-30 percent moves. Keep in mind that this indicator doesn't predict bullish moves, it only predicts "big" moves, which could be in either direction.
If the next move will be big we could even make a new ATH in the next few weeks. We just need a ~35% move from this point, which is fairly possible looking at recent history.
Do you thing that we're going to make a new ATH soon? Happy to year your thoughts ð
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