This is in context of the previous
VIX
index analysis I posted.
Would like to highlight the sideways move that started June last year.
Range was quickly defined with two violations in each direction.
Low volume is what catheterised the range and we still maintain that low volume indicating low public participation and artificial institutionally drive "breakout".
As retail is not coming to buy institutional profits and therefore maintain the "breakout" market should inevitably move lower.
As mentioned earlier
VIX
overbought condition and retest of historic covid low levels are in favour of substantial correction.
Expecting crypto to move in sync with traditional markets as well.
Profit booking time folks.
VIX
index analysis I posted. Would like to highlight the sideways move that started June last year.
Range was quickly defined with two violations in each direction.
Low volume is what catheterised the range and we still maintain that low volume indicating low public participation and artificial institutionally drive "breakout".
As retail is not coming to buy institutional profits and therefore maintain the "breakout" market should inevitably move lower.
As mentioned earlier
VIX
overbought condition and retest of historic covid low levels are in favour of substantial correction. Expecting crypto to move in sync with traditional markets as well.
Profit booking time folks.