This is in context of the previous 
VIX index analysis I posted.
Would like to highlight the sideways move that started June last year.
Range was quickly defined with two violations in each direction.
Low volume is what catheterised the range and we still maintain that low volume indicating low public participation and artificial institutionally drive "breakout".
As retail is not coming to buy institutional profits and therefore maintain the "breakout" market should inevitably move lower.
As mentioned earlierVIX overbought condition and retest of historic covid low levels are in favour of substantial correction.
Expecting crypto to move in sync with traditional markets as well.
Profit booking time folks.
VIX index analysis I posted.Would like to highlight the sideways move that started June last year.
Range was quickly defined with two violations in each direction.
Low volume is what catheterised the range and we still maintain that low volume indicating low public participation and artificial institutionally drive "breakout".
As retail is not coming to buy institutional profits and therefore maintain the "breakout" market should inevitably move lower.
As mentioned earlier
VIX overbought condition and retest of historic covid low levels are in favour of substantial correction.Expecting crypto to move in sync with traditional markets as well.
Profit booking time folks.
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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.