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Rypto

🔥 Bitcoin Volatility Lows: Massive Move GUARANTEED 🚨If you enjoy this analysis, please give it a like and a follow. I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart. On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart, orange, you find BTC's price on the log scale. Once BTC volatility reaches the yellow area, it indicates that volatility is extremely low. Historically, this has ALWAYS correctly predicted that a huge move was coming. Furthermore, 3 of the 4 previous moves were bullish. Keep in mind we can continue to trade sideways for some time. But, I can guarantee you that a big >20% move is coming in the next few weeks. The million dollar question will be whether we're going to pump or to dump. I've made multiple analyses on either potential direction recently, but my bias is to the bearish side. Happy to be proven wrong! Do you think we're going to see a big move soon? Which direction are you trading? Share your thoughts in the comments below 🙏
BITMEX:BVOL7D
by FieryTrading
22
🔥 Bitcoin On The Edge: Bearish Trend Continued?In my previous BTC analysis I tried to predict the short term movement of BTC. At first, I expected yesterday's rapid drop to have more impact, potentially breaking through the pennant's support line. I didn't expect the NFP data to cause such a strong bullish reversal (+6%), which was in the end short-lived. Take a look at my previous BTC analysis for reference. I moved some trend lines for better visibility. As it appears now we're facing a bearish break out of BTC. Yesterday's price action has continued after a small recovery from the NFP data. I've marked the red Reversal Zone as the main point of interest for today. Since the lower trend line of the pennant can be redrawn slightly, I've marked the 36k-35k area as an area of potential reversal of the current bearish trend. In case a reversal were to happen I'd expect major resistance around 37.5k-38k, since it's both the area of the last local high and the resistance of the major pennant. If today's candle closes below 35k I'm expecting a further drop of value towards the 31k-30k area, marked as the entry zone. Be aware that the 33.5k support might cause a minor reversal of trend or consolidation. As mentioned before, a pennant pattern during a strong trend is more often than not a continuation pattern, meaning we will continue the downward trend after the pattern has been completed. The green area would be my ideal entry zone for both BTC and alts, as I'm expecting a strong reversal to take place there. Happy trading!
by FieryTrading
58
🔥 XLM Potential Break Out From ChannelAfter seeing amazing yesterday, crypto appears to have calmed down a bit. I've been looking at XLM specifically because XLM is currently trading inside a horizontal channel. If we see another bullish day today, XLM will be one of my favorites of the day since I'm expecting a strong break out. Obviously, XLM is highly correlated to BTC. So if BTC decides do correct a little, XLM could well break out on the lower side of the channel. Wait for the break out to occur before entering a trade. Happy trading!
Long
by FieryTrading
13