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BITx -- Weekly Volatility Snapshot

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Hello Bitcoin community 🤠👾🤑👾🤠

Good morning/Good afternoon, maybe goodnight to you pending where you are in the world!

Nonetheless, I'm glad you found me because here we are going to look over our weekly historical volatility ranges on BITX and assess where IV is in perspective to what's trending. Then we will talk targets within my custom adjusted implied weekly ranges.

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Entering the week, IV (76.86%) is projecting +17.74% more than what short-term trending markets are showing with HV10 (59.12%) holding a 'strength of IV' of only 76.91%. This is a price differential on the week of -$1.19. Our monthly values with HV21 (71.20%) are hinged slightly below IV, showing a 'strength of IV' slightly more at 92.64%.

In my opinion looking towards this week, IV may be painting the bigger picture of price distribution upwards towards quarterly trends. It is expansive from past weeks and above short-term trending markets with a wider range and with IV percentile slowly creeping up.

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If the trend holds that started last week, my price target will be HV63 at $61.07 which draws confluence with the correction impulse wave top of $60.39 -- a price action to implied calculation difference of only +/-$0.69. Fantastic , right?!? This would take BTC approaching new ATHs again. If price action can find quarterly trends we will be seeing a 'strength of IV' of 108.44% -- only slight advantageous over IV premium.

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In the end, markets are unpredictably wild and we can only assess and reduce our risk using the tools provided. Always remember your ABCs and to hedge your bias! Come back next week as we recap how the weekly volatility unfolded.

Cheers!


トレード終了: 利益確定目標に到達
Banger week on the BTC leverage front! Ran two positions and swung one through the weekend. CHEERS.

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