We see the BVOL breaking out of its falling wedge formation, and moving above its Weekly level of 16.67
For those who are unaware, the BVOL measures the amount of volatility coming to the bitcoin chart. Just like the S&P200's VIX chart.
From my analysis of Volatility charts, there tends to be an equilibrium point in which price tends to gravitate to.
Considering there is a gap that 9/10 times may be filled, we can expect price to move towards it, making its way to the equilibrium point.
This may be a sign of a more downside for bitcoin, and the whole crypto space.
Keep watch Fam
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
For those who are unaware, the BVOL measures the amount of volatility coming to the bitcoin chart. Just like the S&P200's VIX chart.
From my analysis of Volatility charts, there tends to be an equilibrium point in which price tends to gravitate to.
Considering there is a gap that 9/10 times may be filled, we can expect price to move towards it, making its way to the equilibrium point.
This may be a sign of a more downside for bitcoin, and the whole crypto space.
Keep watch Fam
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333