Rangeworthy Signal

Highest Rangeometer Reading Since 2023

Feb 17, 2025

IN TODAY’S REPORT

What we cover: TECHNICAL ANALYSIS Edition. REKTelligence Rangeometer reading implications. VOLticipation reading highest since January 2011(!). Resting cobras.

Today’s Key Charts

`BITCOIN with REKTelligence Rangeometer. Daily Chart.`

Bitcoin bases and bases and bases. So nothing new, right? Not quite.

The REKTelligence Rangeometer just hit its highest level since September 2023 when the king crypto traded just under $26,000. Only six months later in March, Bitcoin topped $70,000. While not all high Rangeometer readings see large magnitude percentage moves follow, a constricting 10-day range often does act like extremely dry timber awaiting the spark.

TAKEAWAY: This current low volatility condition (the tightest 10-day range in well over a year) is very likely the prelude to an imminent expanding of range. This will be the subject of a stats edition soon. Until then, be on the lookout for a massive candle out of this price area.

`BITCOIN with REKTelligence VOLticipation ST. Daily Chart.`

Another sign of plummeting volatility also just occurred, hitting its highest level since January of 2011(!).

A high reading in my VOLticipation ST indicator means that the “long-term” volatility (10 days) is much higher than the short-term volatility (3 days). In practical terms, a high ratio indicates that the market's recent price movement has been unusually calm compared to its more “normal” or historical volatility.

TAKEAWAY: While less reliable than the Rangeometer, we've just witnessed the highest reading since Bitcoin's early days. In fact, the last time we saw such a reading was right before Bitcoin vaulted from $0.29 to over $1.00.

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Speaking short-term, Bitcoin is coiled like a sleeping cobra. While the uptrend, chart pattern, and narrative all suggest up only, I will be steadfastly awake as the cobra rests. Volatility may be reliable, but price direction is less so.

Until next time…

peace_love_crypto

-DB

IMPORTANT DISCLAIMER

The information presented and made available in this newsletter is intended for educational purposes only. THE INFORMATION IS NOT AND SHOULD NOT BE CONFUSED WITH INVESTMENT ADVICE AND DOES NOT ATTEMPT OR CLAIM TO BE A COMPLETE DESCRIPTION OF ANY SPECIFIC COINS, TOKENS OR MARKETS OF ANY KIND, BUT RATHER EDUCATIONAL EXAMPLES OF THE APPLICATION OF TECHNICAL ANALYSIS AND QUANTITATIVE ANALYSIS TO THE MARKET. This information has been presented and prepared without regard to any particular person's investment objectives, financial situation and particular needs because as individuals come from diverse backgrounds, with diverse objectives and financial situations. This information is of a general nature only so you should seek advice from your investment advisor or other financial professional as appropriate before taking any action. The opinions and analyses included herein are based on sources and data believed to be reliable and are presented in good faith, however no representation or warranty, expressed or implied is made as to their completeness or accuracy. It is imperative to understand your investment risks since all stock investments involve significant risk. The user of REKTelligence’s newsletters, podcasts, courses, coaching and other educational services agrees to indemnify and hold harmless REKTelligence LLC from and against any and all liabilities, expenses (including attorney's fees), and damages arising out of claims resulting from the use of this educational content. REKTelligence LLC is not a licensed investment advisor.