Open Interest and Historical Volatility Percentile (HPV) signatures suggest BTC is about to see a 20%, or larger, move within the next two weeks (potentially very soon). HPV is was at 1 yesterday at is at 6 today. This move could easily propel us to low-mid 8K level or to the 11K-12.5K area.
Check this chart to see what type of moves we saw in the past with similar Open Interest and HPV readings! Put on your big boy pants, we are about to go for a ride!
If BTC closes below $9550, then the probability of this incoming move is more bearish. If we close above $10,400, then the probability that this move is bullish is much higher. These are key pivot points.
Have fun and let's get this crypto!
Open Interest: 1.495m (up from 1.407b yesterday)
HPV: 6 (up from 1 yesterday)
Please give a thumbs up if you found this information informative and helpful!
Check this chart to see what type of moves we saw in the past with similar Open Interest and HPV readings! Put on your big boy pants, we are about to go for a ride!
If BTC closes below $9550, then the probability of this incoming move is more bearish. If we close above $10,400, then the probability that this move is bullish is much higher. These are key pivot points.
Have fun and let's get this crypto!
Open Interest: 1.495m (up from 1.407b yesterday)
HPV: 6 (up from 1 yesterday)
Please give a thumbs up if you found this information informative and helpful!
