Bitcoin Trading- BTC/USD Technical Analysis, Sept 8: BTC drops 5% in 24h
Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term has returned to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) trading as new extremes, in both directions, have been tested over the past 72h.
Hours ago, BTC hit a new 18-day low of $460 on BTC-e. Late last week, it spiked up to $494 and then retreated. While the volatility isn't impressive by historical standards- the total price range has been only 7%- it is higher than anything we've seen since mid-August.
Since then, BTC has held tightly a narrow trading range, which now appears to be in gradual decline. The most recent downturn saw BTC lose 5% during the past 24h, under relatively heavy volume of 250 BTC an hour. Hitting $460, a key support level is in jeopardy.
BTC is currently trading at $463 on BTC-e. Uncharacteristically, it has sustained a higher price on BTC-e than on Bitstamp for a reasonable amount of time- the price on Bitstamp is $461.
Typically, prices on BTC-e are slightly discounted relative to most other exchanges, although the recent trend has seen the gap shrink. Currently, prices are all over the map: Bitfinex is at $466 and Huobi is at the equivalent of $470. The disparities may be a precursor for increased volatility to come.
Today's dip has also sent BTC past the 15% offset from its 200-day moving average, whose downward trajectory has slowed, due in part to the recent period of stability.
Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term has returned to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) trading as new extremes, in both directions, have been tested over the past 72h.
Hours ago, BTC hit a new 18-day low of $460 on BTC-e. Late last week, it spiked up to $494 and then retreated. While the volatility isn't impressive by historical standards- the total price range has been only 7%- it is higher than anything we've seen since mid-August.
Since then, BTC has held tightly a narrow trading range, which now appears to be in gradual decline. The most recent downturn saw BTC lose 5% during the past 24h, under relatively heavy volume of 250 BTC an hour. Hitting $460, a key support level is in jeopardy.
BTC is currently trading at $463 on BTC-e. Uncharacteristically, it has sustained a higher price on BTC-e than on Bitstamp for a reasonable amount of time- the price on Bitstamp is $461.
Typically, prices on BTC-e are slightly discounted relative to most other exchanges, although the recent trend has seen the gap shrink. Currently, prices are all over the map: Bitfinex is at $466 and Huobi is at the equivalent of $470. The disparities may be a precursor for increased volatility to come.
Today's dip has also sent BTC past the 15% offset from its 200-day moving average, whose downward trajectory has slowed, due in part to the recent period of stability.