Blackcoin gives up all of September gains, testing 0.08 mBTC again
Blackcoin (BC) has seen wiped out virtually of its September gains, which saw it rally off its 0.08 mBTC support level, nearly doubling to 0.16 mBTC.
After hovering not far from this peak for the better part of one month, declines accelerated in early October and have continued for two weeks. It now finds itself once again approaching the 0.08 mBTC support level, currently trading at 0.087 mBTC ($0.033).
BC has held onto to this level quite successfully, refusing to submergence below it even during periods of high market 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 . The support level has not been broken since prior to its big rise in April.
Blackcoin currently ranks 15th in market cap, worth $2.6 million. It is in danger of falling 3-4 spots lower, will several other coins nearing similar valuations.
Blackcoin (BC) has seen wiped out virtually of its September gains, which saw it rally off its 0.08 mBTC support level, nearly doubling to 0.16 mBTC.
After hovering not far from this peak for the better part of one month, declines accelerated in early October and have continued for two weeks. It now finds itself once again approaching the 0.08 mBTC support level, currently trading at 0.087 mBTC ($0.033).
BC has held onto to this level quite successfully, refusing to submergence below it even during periods of high market 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 . The support level has not been broken since prior to its big rise in April.
Blackcoin currently ranks 15th in market cap, worth $2.6 million. It is in danger of falling 3-4 spots lower, will several other coins nearing similar valuations.