Over 7 days since btc has had a big spike in volatility. Looking for the next big move soon. Chances are it will continue down (bitfinex shorts are high, longs are low = contrarian indicator pointing down)
BTC fear index has spiked down lately from a high of 40. Continuing with the fear index trend shows that this is an indicator pointing up. that being said the indicator has down to spike down and stay down for extended periods of time. Therefore it could stay around 10-15 while we continue downward.
Open position is currently short but this could change give a big move up, however unlikely.
BTC fear index has spiked down lately from a high of 40. Continuing with the fear index trend shows that this is an indicator pointing up. that being said the indicator has down to spike down and stay down for extended periods of time. Therefore it could stay around 10-15 while we continue downward.
Open position is currently short but this could change give a big move up, however unlikely.
