BTCUSD Weekly Volatility Analysis 5-9 Dec 2022

5 Des 2022

BTCUSD Weekly Volatility Analysis 5-9 Dec 2022

We can see that currently the implied volatility for this week is around 9.08%, down from 9.35% last week according to DERIBIT data

With this in mind, currently from ATR point of view we are located in the 54th percentile, while according to DERIBIT, we are on 19th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 4.6% movement
Bearish: 7.91% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 19.4% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18700
BOT: 15500

Taking into consideration the previous weekly high/low, currently for this candle there is :
65% probability we are going to touch previous high of 17250(already hit)
25% probability we are going to touch previous low of 16000


Lastly, from the technical analysis point of view, currently from
Weekly timeframe POV 80% bearish trend
Daily timeframe POV 13% bullish
4H timeframe POV 66% bullish