The Bitcoin herd is arriving again

Bitcoin is trading at $18,000 and now, I’m being asked for an opinion.

On October 9th, when Bitcoin was $11,000, I wrote a note about the rare extreme in its volatility reading which augured for a notable rally.

Another optimal time to buy Bitcoin was when it was oversold around the $5,000 mark in March 2020.

(see the ellipse’s and comments in the chart below)

Being attuned to these moments is one thing but having the conviction and acting decisively on a view or thesis is something else.

November 19, 2020

by Rob Zdravevski

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