Hello my dear trader friends,
The VIX Cheat sheet indicator on tradingviews works when the bollinger bands indicator for "VIX" are at the very top. When this happens the VIX Cheat sheet indicator works at its finest. Now is the time that the bollinger bands are at the very top on the VIX chart. So when we use the VIX cheat sheet indicator on bitcoin we can see what percentage numbers of gain or loses will occur. As of right now it says the greatest loss that will happen over the next five days would be a 5.95% loss over the next five candles. This means that the greatest loss that could happen ending on September 18th would be Bitcoin going down to $19,065. The VIX cheat sheet indicator does say that over the next ten candles there will be a 1.34% increase in price. So if you take the price of what Bitcoin is right now ($20,265) and add 1.34% to it that would be $20,535. So this might possibly mean that we go down to $19,065 within five days and up to $20,535 within ten days.
Please have a look for yourself and let me know what you think. Does anyone else use the VIX cheat sheet indicator? I am a student of trading and for a decade I have been learning old and new indicators. It is my passion.
The VIX Cheat sheet indicator on tradingviews works when the bollinger bands indicator for "VIX" are at the very top. When this happens the VIX Cheat sheet indicator works at its finest. Now is the time that the bollinger bands are at the very top on the VIX chart. So when we use the VIX cheat sheet indicator on bitcoin we can see what percentage numbers of gain or loses will occur. As of right now it says the greatest loss that will happen over the next five days would be a 5.95% loss over the next five candles. This means that the greatest loss that could happen ending on September 18th would be Bitcoin going down to $19,065. The VIX cheat sheet indicator does say that over the next ten candles there will be a 1.34% increase in price. So if you take the price of what Bitcoin is right now ($20,265) and add 1.34% to it that would be $20,535. So this might possibly mean that we go down to $19,065 within five days and up to $20,535 within ten days.
Please have a look for yourself and let me know what you think. Does anyone else use the VIX cheat sheet indicator? I am a student of trading and for a decade I have been learning old and new indicators. It is my passion.
