Standard Deviation Block – Current Outlook
After viewing “Inflation, Stagflation, and Recession: No Way Out?”, where Raoul Pal talked demand destruction, effects of a strong US dollar , a weak US dollar , the rise of USDJPY and Crypto. He tallies his chart runtime and discusses how the BTC is within 2 standard deviation since a long time; about 1-2 years now. This only means one thing; whatever has to happen, will have to happen very soon. The StdDev cannot tell you if the market will rise or fall, but rather how close or far one is from a std.dev.
This is my humble attempt on drawing out his idea and actually visualize it, so please take a look and enjoy.
Reference Video to learn how to do this right:
How to use Standard Deviation via TradingView – Youtube
