Paraman666

BTC volatility - calm before the storm

Paraman666 Updated   
BITMEX:BVOL24H   Bitcoin Historical Volatility Index
I think, BTC is going to shock all of us once again - in my previous volatility analysis, I mentioned, that some big move is going to happen and I predicted, that BTC will probably drop very deep. BUT, even if we dropped from 10500 to 8400, it did almost nothing with 24h volatility and we are still squeezing in some sort of triangle. And I noticed one interesting thing - the last similar pattern took 128 days, before strong breakout - and now, we are in this triangle pattern 127 days - and as you know, markets are moving in cycles and also volatility is moving in cycles, so I think it´s possible, that we will finally see that damn fast move, that I am tracking for a while, VERY SOON.
My guess is, that we will drop to 7500 and then we will see some huge bounce, maybe to 10000, probably in one day.

There link for that previous analysis:
Comment:
Volatility is FINALLY breaking that pattern, so there are two possible things, that could happen right now : BTC will bounce very hard or dropping will get even faster.

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