Crypto Volatility #2: Locals & Bottoms
Intro into @crypto_volX bottoms
Here is the post, what is the Crypto Volatility all about.
Intro
This part is all about local bottoms & local tops.
#CryptoNote is a note to come back to specific chart in future and distill even more.
You can also leave comments in future with any questions related to specific charts (e.g. is it possible to deep dive more, or can we see latest data on A1.2, etc.)
These are not predictions. These charts are about where we are in between tops & bottoms or accumulation periods & blow-offs. The @crypto_volX index is indifferent to any price action or exchanges volumes.
The best description is - where we are in crypto depression & crypto mania. Therefore the charts are most useful at peak fear - the peak depression or peak optimism - the peak mania.
The Charts
01
A50.1
Bottoms: notice the forming bottom between Oct-18 and Feb-19 & swing for the top in next months. What followed was a sharp downfall to base forming in Dec-19 & Jan-20. Tops: Look at the swing up & down in conjunction to price action - @crypto_volX indicator leading both.
02
A50.2
Bottoms: formation of bottom base in mid February 2019. Next base Jan-20; @crypto_volX indicator leads both. Top: again the indicator is exhausted and predicts price decrease.
03
B20.2
Bottom: mid February 2019 and Q4/2019, while top suggest price exhaustion. Very nice bottom forming and price exhaustion example.
04
B20.3
These cycle of bottom -> top -> bottom -> global macro crash is amazing to watch. No wonder lots of Crypto Hedge Funds went bust on being too levered long..
05
B20.4 #CryptoNote
Will come back to these B20s charts and try to drill down more. There is more data. B20s are all worth watching!
06
B20.5 #CryptoNote
Very nice. The bottom to top, and the top to bottom. And if macro did not hit hard and all assets meltdown, there would be another continuation upwards.
07
H40.1
Here the @crypto_volX indicator needs to go up - that is the long term target (irrelevant of price). When @crypto_volX is going down = there will be pressure on price decrease and when the @crypto_volX is going up = there will eventually pressure on price appreciation.
Bottom: forms during 2018 and predicates price appreciation. Top: it starts to “flatline“ which signals problems with continuous price increase - until the indicators recovers. Worth watching!
08
I10.1
Bottom: watch the indicator around mid February 2019 and the sudden increase, that is the lead in @crypto_volX indicator for I10.1. That is what you want to look for next time - sudden increase (would suggest price increase) OR flatlining (potential increase exhaustion or price decrease).
#CryptoNote - will come back to this next time - for 2020.
That’s for today; enjoy, share & comment!