Volatility Vanishes: Is The Bear Market Coming To An End
The past week has been a boring one for Bitcoin traders. The price of Bitcoin has been sitting comfortably around $6,550, so much that traders are joking that Bitcoin is the new stablecoin. However, some traders are suggesting that this lack of price action means a big move could be brewing. To understand where the price is going, let's take a look at the Bollinger Bands. Bollinger Bands are a technical analysis tool created by taking a twenty-period moving average (the middle line), then adding and subtracting a standard deviation calculation to create the outside bands. When the bands get wider, volatility is higher, and when they contract, volatility is declining. This article was first found by us on October 08, 2018 7:15 PM. Share this content on social media: Visit www.cryptoglobe.com for more. Reply to Topic
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