🔥 Bitcoin LESS Volatile Than Stocks: Huge Move Incoming! 🚨 by FieryTrading on TradingView.com
Oct 11
For a couple of weeks now, BTC's volatility has been very low. Even so low that the Dow Jones is even more volatile, which has only happened 3 times before in history.
The first time this has occurred was a couple of days before the final 2018 sell-off, which led to a 50% drop in BTC's price and eventually led to the final bottom of the bear market.
The second time this happened was in the Summer of 2020, where it signaled the start of the most recent crypto bull-market with a 35% bull move.
We're now experiencing the third time this has ever happened. The market is preparing itself for another historical move, whether it's going to be up or down remains to be seen. All I know is that the huge incoming move is favoring the bears because we're still in a bear market, just like in 2018.
It's hard to say when this big price move will occur. Tomorrow's CPI report might be the catalyst where the market is waiting for.
What do you think? Will we go up or down?
The first time this has occurred was a couple of days before the final 2018 sell-off, which led to a 50% drop in BTC's price and eventually led to the final bottom of the bear market.
The second time this happened was in the Summer of 2020, where it signaled the start of the most recent crypto bull-market with a 35% bull move.
We're now experiencing the third time this has ever happened. The market is preparing itself for another historical move, whether it's going to be up or down remains to be seen. All I know is that the huge incoming move is favoring the bears because we're still in a bear market, just like in 2018.
It's hard to say when this big price move will occur. Tomorrow's CPI report might be the catalyst where the market is waiting for.
What do you think? Will we go up or down?
an hour ago
Comment: Update
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