🔥 Bitcoin Low Volatility After Dump: What Next?
BTC has been trading in an extremely low volatility area after the huge dump of a couple of days ago.
So, what's next? I say we wait until BTC moves out of the yellow box.
A bullish case would be that stocks have had a great rally on Friday, while BTC dumped, so we "should" go up and follow stocks. However, I think the bearish case is getting more realistic at the moment, especially with the Silvergate thing going on.
So, in my view, this is not a bullish setup. However, we can't make any bullish or bearish calls as long as we're trading inside the yellow box.
Patience.
So, what's next? I say we wait until BTC moves out of the yellow box.
A bullish case would be that stocks have had a great rally on Friday, while BTC dumped, so we "should" go up and follow stocks. However, I think the bearish case is getting more realistic at the moment, especially with the Silvergate thing going on.
So, in my view, this is not a bullish setup. However, we can't make any bullish or bearish calls as long as we're trading inside the yellow box.
Patience.
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