3d • Market Updates 📊
Volatility Index Continues Higher
The VIX Volatility Index is over $30 and looks to be building momentum.
I also read that Uganda is ready to join the war if his real continues to be attacked. We are not so slowly moving toward and into World War 3 which concerns me.
Markets don't like this level of of uncertainty.
There are also unconfirmed rumors that the US is insolvent. At some point all of this could cause a dramatic and sudden and possibly exclusive move in Bitcoin but nobody wants to catch a falling knife.
I think having some right now makes sense. Buying more in the 50K range also makes sense but keeping powder dry for the chance we see a sudden dramatic capitulation drop.
There is still the possibility of a dirty bomb or nuke detonating at the hands of Iran, which would terrify the world and worldwide markets.
So I continue to remain cautious and likely will see further downside into the 50K range for Bitcoin before we see a bottom.
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Volatility Index Continues Higher
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