BTCUSD Weekly Forecast Analysis 28 Nov - 2 Dec 2022

28 Nov 2022

BTCUSD Weekly Forecast Analysis 28 Nov - 2 Dec 2022

We can see that this week, the current implied volatility is around 10.04% , down from 11.21% from last week.
According to ATR calculations, we are currently on the 62th percentile, while with DERIBIT DVOL we are on 31th percentile.
Based on this data, we can expect on average, the movement from open to close of the weekly candle to be :
In case of bullish - 4.9%
In case of bearish - 7.7%

With the current IV calculation, we have currently 19.4% that the close of the weekly candle is going to finish either above
or below the next channel:
TOP: 18286
BOT: 14601

At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week:
25% chance that we are going to touch the previous low of the weekly candle of 15500
64% chance that we are going to touch the previous high of the weekly candle of 16800

Lastly from a technical analysis point of view, currently 80% of the moving averages rating, are insinuating we are in a bearish trend.