Bitcoin Analysis 2/25/2020
Open Interest is at historically high levels and Historical Volatility Percentile (HVP) is at historically low levels. In the past, this has been a recipe for "face melting" moves. Will this move take us to 8.5K CME gap or bounce and shove a super sized green dildo down our throats like happened previously?
Notice in the October 22nd, 2019 move how Historical Volatility Percentile was at historically low levels for about 8 days. Then, price broke down through the downside support pivot . That day, HPV jumped up and almost touched the exponential. The very next day, the entire breakdown was reversed and we saw an incredible 40% pump from the prior day's close, breaking through the prior range high pivot . Our 2D RSI was exhibiting Bullish Divergence prior to the pump up.
This time, HVP was at historically low levels for 8 days. Now, after a move down, breaking the range low pivot , we have seen HPV jump up towards the exponential and Open Interest is still at historic levels. 2D RSI is exhibiting Bullish Divergence . Where to from here: 8K or 11.5K?
Time will tell! Get your popcorn out and have your stops set tight!
Please leave a comment if you have thoughts on this analysis and give a thumbs up if you found value in the post!
Check the linked post for other examples!
-Inspired by Krown's Crypto
Open Interest is at historically high levels and Historical Volatility Percentile (HVP) is at historically low levels. In the past, this has been a recipe for "face melting" moves. Will this move take us to 8.5K CME gap or bounce and shove a super sized green dildo down our throats like happened previously?
Notice in the October 22nd, 2019 move how Historical Volatility Percentile was at historically low levels for about 8 days. Then, price broke down through the downside support pivot . That day, HPV jumped up and almost touched the exponential. The very next day, the entire breakdown was reversed and we saw an incredible 40% pump from the prior day's close, breaking through the prior range high pivot . Our 2D RSI was exhibiting Bullish Divergence prior to the pump up.
This time, HVP was at historically low levels for 8 days. Now, after a move down, breaking the range low pivot , we have seen HPV jump up towards the exponential and Open Interest is still at historic levels. 2D RSI is exhibiting Bullish Divergence . Where to from here: 8K or 11.5K?
Time will tell! Get your popcorn out and have your stops set tight!
Please leave a comment if you have thoughts on this analysis and give a thumbs up if you found value in the post!
Check the linked post for other examples!
-Inspired by Krown's Crypto
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.