VIX inverse related to BTCUSD - with reference to my last post
In my last post I showed the inverse relationship of BTCUSD to the VIX. Looking on the current price trend of BTC and relate VIX/BTCUSD, we want "to make a shoe out of it".
I related therefore the VIX to BTCUSD instead of BTCUSD to the VIX to put following question accross:
- Given the fact that BTCUSD and VIX are inversely related - how deep do you think the VIX can fall from its present level? (focus as well on the rythmic cycle sequences of the VIX).
- Can it go down below 12? Then of course BTC can go up to 120.000 US$ or higher!
- What will it take for BTC to go to projected levels like 200.000 US$ or more of some optimistic fellows? VIX to high levels above 35 (and for BTCUSD to drop to say 85.000 US$) and then to rise sharply while VIX is coming down.
Play with this kind of thoughts - it will help you to see light in the present jungle of wild BTC projections. Have fun.....
I related therefore the VIX to BTCUSD instead of BTCUSD to the VIX to put following question accross:
- Given the fact that BTCUSD and VIX are inversely related - how deep do you think the VIX can fall from its present level? (focus as well on the rythmic cycle sequences of the VIX).
- Can it go down below 12? Then of course BTC can go up to 120.000 US$ or higher!
- What will it take for BTC to go to projected levels like 200.000 US$ or more of some optimistic fellows? VIX to high levels above 35 (and for BTCUSD to drop to say 85.000 US$) and then to rise sharply while VIX is coming down.
Play with this kind of thoughts - it will help you to see light in the present jungle of wild BTC projections. Have fun.....
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.