RE: The last time Bitcoin's volatility was this low, it rallied by over $2k (25%)
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Nice analysis here.
I do personally believe there is going to be a huge move on Bitcoin soon. Chances are, it can go both up or down, no one knows. I'll be personally looking at the reaction around 7500-7600 levels to take some risk and place some spot market orders for HODLing, depending on the reaction, and as well close my small short hedge positions. If it moves up, well, I'll get stopped out, but I'll still be able to ride on my spot positions :D
Lets see what happens though. There is a potential bullish case which can form if BTC starts moving up from that 7.5-8k region, I believe. (I wrote a small analysis on that as well)
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That $7.6k area is the same area I have been looking at for a while now too. The thing is, it just never comes. Based on past patterns it should have happened by now, doesn't meant that it won't, just means perhaps that it is less likely now than it once was. Remember, things either correct in terms of price or in terms of time and the longer BTC stays up at these current levels, the greater the likelihood that the eventual breakout is up.
Yes, I agree. I've also been looking some of the notable global stock market charts. Looks like all of them are in sync as well. Markets do tend to confuse people many times though
Yep, global QE and money printing has just about all assets priced in fiat moving higher. Bitcoin has actually been under-performing these last several weeks...
We already had 7k, 6k, 5,4k, and 3k, i'd say they came and went! We were sitting down there for enough time to pick up! I did!! Maybe mewn ahead!!
You may be right. Though, I am still waiting for a nice little dip first, which hopefully is starting now. :)