Critical Move for Bitcoin
Technically speaking, the volatility has been declining rapidly in relation to the previous levels observed in June/July 2019.
According to John Bollinger's theory of periodic volatility, we can expect a very high period of volatility entering into October.
How the increased volatility will translate to the price direction is the valuable question. Currently, most of the mid to high-cap cryptocurrencies are trending upward as shown by the CAPSAR on the chart. Every micro-trend within this period is vastly more important as a break-out becomes more likely with time.
My macro-analysis indicates a sure move upward in this instance and I remain extremely bullish on this break.
According to John Bollinger's theory of periodic volatility, we can expect a very high period of volatility entering into October.
How the increased volatility will translate to the price direction is the valuable question. Currently, most of the mid to high-cap cryptocurrencies are trending upward as shown by the CAPSAR on the chart. Every micro-trend within this period is vastly more important as a break-out becomes more likely with time.
My macro-analysis indicates a sure move upward in this instance and I remain extremely bullish on this break.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.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.