Bitcoin (BTC/USD - XBTUSD) Volatility Compression Wave
Updated
I was just posting my first technical indicator on here when I noticed the beautiful volatility compression happening right now. It would feel wrong not to at least post something about it. This doesn't say much about which way the price is headed but it might suggest a violent reaction will soon occur.
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I think we can call this confirmed at this point with a 4% move. Hopefully this will turn into an even bigger % change and help reinforce some of my thinking on volatility waves. Either way, this code will for sure make it into the more advanced indicator system I have planned.
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