Updated Bitcoin Volatility (Full-Credit @TradingShot)
Once again, I am just replicating some charts from TradingShot because I think they are bringing up some very interesting points. Please check out the original idea linked on this idea. I don't like how I can't update the Bollinger Band part of the original chart, so I just replicated the chart to see the updated movement (If you know how to do this please let me know!!!).
The only additions I think are interesting:
1. RSI Double Peaks During ATH Territory: I think it is interesting to see the how during the past couple Bull Cycles, ATH's were achieved during the SECOND peak on the RSI chart. Seems the second peak is slightly higher than first (but just barely). I'll be keeping an eye out for the first peak in the upcoming Bull Cycle after crossing 90+ RSI .
2. Bollinger Bands Shortening Width Highs: It remains unknown if the Bollinger Band Width ATH will decrease by 42% similar how it did the past Bull Cycles. If it were to continue, we could see around a 2.8 BBW High. Will be keeping an eye for this as well once we reach the first of two RSI 90+ peaks.
Once again, full credit to TradingShot! Really enjoy their graphs :)
The only additions I think are interesting:
1. RSI Double Peaks During ATH Territory: I think it is interesting to see the how during the past couple Bull Cycles, ATH's were achieved during the SECOND peak on the RSI chart. Seems the second peak is slightly higher than first (but just barely). I'll be keeping an eye out for the first peak in the upcoming Bull Cycle after crossing 90+ RSI .
2. Bollinger Bands Shortening Width Highs: It remains unknown if the Bollinger Band Width ATH will decrease by 42% similar how it did the past Bull Cycles. If it were to continue, we could see around a 2.8 BBW High. Will be keeping an eye for this as well once we reach the first of two RSI 90+ peaks.
Once again, full credit to TradingShot! Really enjoy their graphs :)
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