Time to Move
Bitcoin has now chopped wood for three months, and this process has lulled the market to sleep. More often than not, this signals that a burst of explosive volatility is just around the corner.
G’day Folks,
The gas tanks are refuelled, enough wood has been chopped, and Bitcoin is now ready to move.
Several of you have probably noticed that the Weekly Choppiness Index has blasted to new all-time-highs, effectively completing the digestion period I flagged as a likely scenario way back in November.
When the Choppiness Index is juiced up like this, it tells us that the market is ready to trend again, the question is, in which direction?
In today’s market update, we will explore:
What the Choppiness index is, and what this ATH signal tells us.
Why conditions look just right for a period of explosive volatility.
An assessment of my best estimate for the direction of the next move.
How options can be used to capture value in situations like this.
Let’s get stuck into the charts!
📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.
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