Bitcoin's Bollinger bandwidth suggests the top cryptocurrency could soon wake up from its slumber. Reports godbole17
Bitcoin traders will soon get the one thing they love the most: market volatility. That's the signal from a technical indicator called Bollinger bandwidth, which is used to gauge periods of high and low volatility and shifts in volatility trends.
Volatility is said to be mean-reverting, which means periods of high volatility are often followed by dour price action, while a low volatility environment usually ends with increased price turbulence. Bitcoin has been trading in the narrow range of 18,500 to $20,500 for nearly a month, CoinDesk data show.When anticipating a big move in either direction, sophisticated traders build a"net long volatility" portfolio so that their investment's value increases when the price movements become rapid.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Call Options | CoinMarketCapCMCGlossary: Call Options ✨ Call options are financial contracts that give an option buyer the right, but not the obligation, to purchase a stock, bond, commodity or other asset at a specific price. 👉 Details:
Read more »
Bitcoin price poised for 'very big move' as CPI due to spark volatilityBitcoin stays calm but 'massive volatility' is expected to engulf the BTC price this week.
Read more »
Bitcoin Might Be in Serious Trouble Based on This Chart IndicatorBitcoin might experience more risk and setbacks if this chart pattern is right BTC Crypto $BTC
Read more »
Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this weekBitcoin’s support and resistance zones remain unchallenged, but is this the week that changes? (Reporting via WilliamSuberg)
Read more »
These Indicators Signal About Bitcoin Closing October in Green Zone: DetailsChances of Bitcoin closing October in the green zone increases, here's why btc cryptocurrencies uptober crypto $btc
Read more »
Bitcoin analysts and traders say BTC’s low volatility is ‘a calm before the storm’Decoupling, pivot, market bottom or continued sideways chop? horushughes investigates why traders expect a sharp price move from Bitcoin in the short-term.
Read more »