Critical Move for Bitcoin
Technically speaking, the volatility has been declining rapidly in relation to the previous levels observed in June/July 2019.
According to John Bollinger's theory of periodic volatility, we can expect a very high period of volatility entering into October.
How the increased volatility will translate to the price direction is the valuable question. Currently, most of the mid to high-cap cryptocurrencies are trending upward as shown by the CAPSAR on the chart. Every micro-trend within this period is vastly more important as a break-out becomes more likely with time.
My macro-analysis indicates a sure move upward in this instance and I remain extremely bullish on this break.
According to John Bollinger's theory of periodic volatility, we can expect a very high period of volatility entering into October.
How the increased volatility will translate to the price direction is the valuable question. Currently, most of the mid to high-cap cryptocurrencies are trending upward as shown by the CAPSAR on the chart. Every micro-trend within this period is vastly more important as a break-out becomes more likely with time.
My macro-analysis indicates a sure move upward in this instance and I remain extremely bullish on this break.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
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