Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.
VVIX/VIX retesting the daily breakout on RSI, meaning volatility is coming to the VIX soon. I expect that volatility to be to the downside to completely flush sentiment and force bears to capitulate.
This will be a key trigger for a market top and for me to begin my hedging strategy once it moves towards 6.92
Topping signals are starting to fire for the US indices, we're really close to a top forming.
I'm waiting for a confluence of signals to all fire in order to confirm the top is in:
Move Index at 84 - check
VIX flush towards 12 - waiting
Equity put/call ratio down towards 0.5 - waiting
VVIX/VIX push to 6.9 - waiting
USDJPY top around 150 - waiting
Once several of these triggers confirm, it will be time to take profits in Crypto.
COOKIE is about to have a very explosive move, I added more to my spot position.
There are 16 inside candles on the daily chart, indicating extreme volatility compression!
It's trying to reclaim the Hull Band which should flip green over the coming days
