WARRING: Marco market conditions change incoming #SP500 $BTC
CBOE Volatility Index has been used by investors for decades to identify macro market transitions.
This is 1 Year analysis of
VIX
in conjunctions with market developments.
1. 28th Sep '22 is the date
VIX
signalled oversold conditions on #SP500 where price double-bottomed and commenced this bullish wave we are living through
2. 9th of March '23
VIX
signalled heavy market oversold conditions and #SP500 completed the first significant correction
3. 20th Oct '23
VIX
signalled another #SP500 oversold condition triggering another continuation
At this stage is important to consider a important market rule "The Power of 3"; -
VIX
has topped 3 times now suggesting this intermediate bullish wave is coming to an end.
Now turn your attention to 22nd Jan '22 where
VIX
for a fist time dropped back to COVID-lows.
It had since repeatedly touched and rejected of these levels suggesting of bottom formation.
At the same time
VIX
signalled first significant market overbought condition very close to what it seems the bottom and shortly after forming 3rd oversold peak.
Traditionally
BTC
had front-run #SP500 and would expect crypto market to take downard turn before traditional markets which can serve as a final confirmation of an upcoming winter.
This is 1 Year analysis of
VIX
in conjunctions with market developments. 1. 28th Sep '22 is the date
VIX
signalled oversold conditions on #SP500 where price double-bottomed and commenced this bullish wave we are living through 2. 9th of March '23
VIX
signalled heavy market oversold conditions and #SP500 completed the first significant correction 3. 20th Oct '23
VIX
signalled another #SP500 oversold condition triggering another continuation At this stage is important to consider a important market rule "The Power of 3"; -
VIX
has topped 3 times now suggesting this intermediate bullish wave is coming to an end. Now turn your attention to 22nd Jan '22 where
VIX
for a fist time dropped back to COVID-lows. It had since repeatedly touched and rejected of these levels suggesting of bottom formation.
At the same time
VIX
signalled first significant market overbought condition very close to what it seems the bottom and shortly after forming 3rd oversold peak. Traditionally
BTC
had front-run #SP500 and would expect crypto market to take downard turn before traditional markets which can serve as a final confirmation of an upcoming winter.