BTC Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 10.75% for this week, falling from the 9.7% from the last week.
Currently there is around 17.2% that the asset is going to close either above or below the channel:
TOP 21325
BOT 17560
The current volatility percentile is around 50th, placing us in average risky environment. With this situations in general the market moves:
AVG weekly bull candle = 5.5%
AVG weekly bear candle = 7.4%
At the same time, there is currently a 70% that we will touch the high of previous weekly candle of 20500
and there is a 27% that we will touch the low of the previous week of 18881
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is below those moving averages)
We can see that currently the volatility is around 10.75% for this week, falling from the 9.7% from the last week.
Currently there is around 17.2% that the asset is going to close either above or below the channel:
TOP 21325
BOT 17560
The current volatility percentile is around 50th, placing us in average risky environment. With this situations in general the market moves:
AVG weekly bull candle = 5.5%
AVG weekly bear candle = 7.4%
At the same time, there is currently a 70% that we will touch the high of previous weekly candle of 20500
and there is a 27% that we will touch the low of the previous week of 18881
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is below those moving averages)
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.