BitcoinLong
$BTCUSD bitcoin to rally from here because of volatility
Because commodities, money, bonds all rally on rising volatility we can see that bitcoin is cornered. It cannot go lower without expanding volatility.
The dashed yellow line is the future slope of the weekly linear regression - a very powerful linear regression.
For linear regression to slope downward it will need substantial price collapse, which needs substantial INCREASE in volatility.
But volatility is bullish for bitcoin, bonds, money/gold/silver and all commodities because all of these asset classes are "seller dominated".
Equities are "buyer dominated" and so volatility is bearish equities.
We will seeBTCUSD start to rally late July where the daily linear regression has a pocket to slope upward to match the weekly linear regression.
The dashed yellow line is the future slope of the weekly linear regression - a very powerful linear regression.
For linear regression to slope downward it will need substantial price collapse, which needs substantial INCREASE in volatility.
But volatility is bullish for bitcoin, bonds, money/gold/silver and all commodities because all of these asset classes are "seller dominated".
Equities are "buyer dominated" and so volatility is bearish equities.
We will see
BTCUSD start to rally late July where the daily linear regression has a pocket to slope upward to match the weekly linear regression.
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