Bitcoin 1d volatility about to roll over, watch out for a dump
BVOL7DBTCUSDBVOL7D (Bitcoins 7 day volatility index) is signalling a TD sequential 9 sell on the daily. This thing is very reliable. This relief rally is also a joke. We are stuck on the BTC-USD (Bitstamp) chart at the volume weighted index to, and cannot break above it. There are also dozens of smaller confluence signals suggesting a sell. Suckers will assume that we have broken out of the descending channel and that we are now bullish. We aren't. I am expecting the next move down to fill the CME gap. All bets are off thereafter. We may dump further.
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