This indicator detects the relative volatility across a defined period of time and projects a sine wave with an amplitude and level of color determined by various factors connected to the trend.
The last wave has shown red trend on both the incline and decline of the sine wave.
A rally has appeared to begin at the very start of the next incline and it is likely that this will be a strong blue wave for Bitcoin.
Enjoy the rally past 16k.
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I would also expect that this rally will carry across to many other crypto-currencies such as Ethereum and Monero.