Bitcoin Bullish Sooner or Later 1 Week
I haven't posted lately because I had COVID, and I am a graduate student juggling a few early NFT projects and learning the fundamentals of finance for stocks. If anyone is interested in checking out my collection of over 1,000, then check back in a couple weeks for my updated profile.
Now that I've been well, I have more positive thoughts for a bullish outlook sooner or later. I have been studying the statistics of cryptocurrency moves on smaller time frames which has not been so easy. I did notice that line-break candles work well with statistics indicators. In the case of Bitcoin, I see major volatility in the near future.
I labelled the information on the chart.
Now that I've been well, I have more positive thoughts for a bullish outlook sooner or later. I have been studying the statistics of cryptocurrency moves on smaller time frames which has not been so easy. I did notice that line-break candles work well with statistics indicators. In the case of Bitcoin, I see major volatility in the near future.
I labelled the information on the chart.
- More specifically, the mean distribution is squeezing within the Bollinger bands in the first indicator. When there is a squeeze a drop down to the bottom of the band is possible before a breakout, but this doesn't always happen first. Either way a squeeze is happening. The mean reversion or momentum is finally red which corresponds with the line-break candles that have never before turned red. This is an indication of a new bull run.
- The variance has been making a lower low which technically can further go lower until the indicator dips below or on the line.
- The kurtosis has made a falling wedge into the negative zone which means there is volatility ahead in either direction.
Avange-Lina
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