We could see BTC move incredibly fast over the next few days. Past evidence supports that if it can breach the blue within a week, it can make skyrocket.
Otherwise we're retracting again...
The good: RVI and V.I. (+) are in the sweet spot for a breakout!
The bad: V.I. (-) is too close to 1 and not giving any signs of a full recess.
Speculation: We've tested this blue region for too long as is, while gains have been made, there is approx 30%+ tied up in the long haul from the last dip to be capitlized on.
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As of this post, BTC is down 5%, we are experiencing harsh resistance.
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Welll... maximum 5%, more like 3.4% on coinbase...