Bitcoin and VIX. Buy / sell signals based on the Volatility Index indicator: BTCUSD By TradingShot – Technische Analyze – 2022-09-30 15:31:28

This schematic diagram shows two Bitcoin ( BTCUSD ) at the top and volatility index ( VIX ) At the bottom. A fairly simple correlation analysis between the two origins. As you immediately realize, VIX can give buy signals on BTC (green circles) when the price is high and sell signals (red circles) when it is low.

More specifically, we see a clear higher bottoms trend line and resistance area on me VIX . Since the Bitcoin market peaked in November 2021, every time VIX The trend line hit higher depressions, BTC It began to decline (a difference of some days), while every time it hit resistance area And the BTC It started to rise (although the increases in strength are very limited during bear cycles). In total, we have 11 of these signals since November 2021, and only one (May 2, 2022) has been delivered.

yesterday VIX gor is rejected a little less resistance area And the 1D red light is extremely bright. It remains to be seen whether this very strong relationship will continue to hold and provide another excellent signal, at least in the short term.

what do you think? Do you agree with this statement? Is he coming VIX Low, indicating an upcoming low volatility Did it cause a bitcoin rally? Let me know in the comments section below!

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