VIX - Scythe Pattern

3 нояб. 2020 г.

I see these a lot in crypto charts. Look for a steep and rapid ascent in volatility with a sharp point and fast breakdown after the tip is formed. In simple language, short the market and buy the dollar thru the end of November, and anticipate a steep drop in volatility into December.

4 нояб. 2020 г.

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For those considering opening a position based on the above pattern, today is the day:

5 нояб. 2020 г.

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Adjusted curvature for RSI without consideration of price action. Yikes: