nagihatoum

BVOL24H,BTC new volatility interpretation,April-March mega pump.

Short
BNC:BLX   Bitcoin Liquid Index
There was a clue to the recent dump that I missed. The volatility spikes are regular in timing, and a vertical timing line (green dashed) is present for march on the chart. I saw this and ignored it thinking volatility will skip the time line for the April-May time line. At the time it made sense, consolidation then a big drop.

With the recent move, the volatility chart must be reinterpreted, a March mega dump followed by an April-May Mega pump. BTC going down to $3150 and double bottoming is possible.

Otherwise there is the horrible possibility of a mega dump again in April-May to 1.8k, the descending triangle's target.

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.