🔥 Bitcoin Low Volatility After Dump: What Next?
BTC has been trading in an extremely low volatility area after the huge dump of a couple of days ago.
So, what's next? I say we wait until BTC moves out of the yellow box. A bullish case would be that stocks have had a great rally on Friday, while BTC dumped, so we "should" go up and follow stocks. However, I think the bearish case is getting more realistic at the moment, especially with the Silvergate thing going on.
So, in my view, this is not a bullish setup. However, we can't make any bullish or bearish calls as long as we're trading inside the yellow box.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.