{"id":427673,"date":"2020-06-17T16:00:09","date_gmt":"2020-06-17T16:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=427673"},"modified":"2024-06-11T14:04:03","modified_gmt":"2024-06-11T14:04:03","slug":"bitcoin-volatility-bollinger-mercury","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-volatility-bollinger-mercury\/","title":{"rendered":"This Volatility Measuring Tool Is Signaling One of Bitcoin\u2019s Biggest Moves Yet"},"content":{"rendered":"

Bitcoin<\/a> price has been trading sideways<\/a> for 50 days now, preparing for its next major move. Due to how tightly coiled the price action is, volatility measuring tools are indicating extreme lows.<\/p>\n

When volatility reaches such extremes, an explosive move often follows. With the metric touching one of the lowest points yet, Bitcoin may be gearing up for one of its most explosive moves ever. But when will this finally happen?<\/p>\n

Boredom Strikes the Cryptocurrency Market As Volatility Declines to Extreme Lows<\/h2>\n

Crypto traders and analysts often talk of a “max pain scenario<\/a>,” in reference to what price action would cause the most confusion and trend-chasing.<\/p>\n

This sort of price action would include fakeouts, Bart moves<\/a>, Darth Maul candles<\/a>, and many other devastating moves meant to shake traders out of position.<\/p>\n

It also involves expecting contrarian moves to go against the herd mentality causing the most possible destruction.<\/p>\n

Related Reading | Decision Time: Top Crypto Traders Expect Massive Bitcoin Move In Days Ahead\u00a0<\/a><\/strong><\/em><\/p>\n

These shakeout moves serve to confuse traders and cause them to sit out until a decision is finally made. This leads to less trading volume and a decline in overall volatility.<\/p>\n

Volatility tends to decline until it reaches an extreme low, at which a breakout will finally occur and as sidelined traders chase the breakout, volatility returns in a major way.<\/p>\n

According to a tool that measures Bitcoin<\/a> volatility, the metric has hit an extreme low that when reached in the past has led to some of Bitcoin’s most explosive moves yet.<\/p>\n

And with nearly two months of consolidation<\/a> after such a steep selloff during Black Thursday, and the asset trading just below resistance, the next move could be one of the largest ever recorded<\/a> in the cryptocurrency’s short history.<\/p>\n

\"bitcoin
Source: TradingView<\/a><\/figcaption><\/figure>\n

Break In Stagnant Bitcoin Volatility Expected, Traders Prepare For An Explosive Move<\/h2>\n

Bollinger Bands are a tool designed by market expert John Bollinger. The popular technical analysis indicator features a simple moving average and two standard deviations creating an upper and lower band.<\/p>\n

These bands widen and tighten with price action, and the width of the bands can be used to measure overall volatility in an underlying asset.<\/p>\n

Bollinger Band Width is showing some of the lowest levels the asset reaches. Each time the asset has touched such a low, an explosive move follows.<\/p>\n

Adding to the severity of the move, Bitcoin’s halving just passed and has been trading sideways since. With so much consolidation, taking place right below the asset’s most important resistance level ever, a massive move is almost guaranteed<\/a>.<\/p>\n

Related Reading | This Unusual Factor Could Reignite Bitcoin\u2019s Notorious Volatility\u00a0<\/a><\/strong><\/em><\/p>\n

A breakout would cause insane FOMO as crypt investors rushed to buy the scarce asset before it reaches $20,000 once again.<\/p>\n

A rejection would cause traders to rush into short positions and try to profit of Bitcoin’s fall one last time.<\/p>\n

As for what might cause the spark to ignite volatility once again, it could be written in the stars. Today marks the latest Mercury in Retrograde phase<\/a>.<\/p>\n

\"bitcoin
Source: TradingView<\/a><\/figcaption><\/figure>\n

According to astrology, the event can cause communication issues and lead to misfortune. Matching up each low in Bollinger Band Width and each explosive move with Mercury in Retrograde periods<\/a> does indicate at least some coincidence.<\/p>\n

For those traders hoping Bitcoin<\/a> hurries up and makes a decision, you may want to wish upon a star. Or in this case, a planet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price has been trading sideways for 50 days now, preparing for its next major move. Due to how tightly coiled the price action is, volatility measuring tools are indicating extreme lows. When volatility reaches such extremes, an explosive move often follows. With the metric touching one of the lowest points yet, Bitcoin may be gearing up for one of its most explosive moves ever. But when will this finally happen? Boredom Strikes the Cryptocurrency Market As Volatility Declines to Extreme Lows Crypto traders and analysts often talk of a “max pain scenario,” in reference to what price action would cause the most confusion and trend-chasing. This sort of price action would include fakeouts, Bart moves, Darth Maul candles, and many other devastating moves meant to shake traders out of position. It also involves expecting contrarian moves to go against the herd mentality causing the most possible destruction. Related Reading | Decision Time: Top Crypto Traders Expect Massive Bitcoin Move In Days Ahead\u00a0 These shakeout moves serve to confuse traders and cause them to sit out until a decision is finally made. This leads to less trading volume and a decline in overall volatility. Volatility tends to decline until it reaches an extreme low, at which a breakout will finally occur and as sidelined traders chase the breakout, volatility returns in a major way. According to a tool that measures Bitcoin volatility, the metric has hit an extreme low that when reached in the past has led to some of Bitcoin’s most explosive moves yet. And with nearly two months of consolidation after such a steep selloff during Black Thursday, and the asset trading just below resistance, the next move could be one of the largest ever recorded in the cryptocurrency’s short history. Break In Stagnant Bitcoin Volatility Expected, Traders Prepare For An Explosive Move Bollinger Bands are a tool designed by market expert John Bollinger. The popular technical analysis indicator features a simple moving average and two standard deviations creating an upper and lower band. These bands widen and tighten with price action, and the width of the bands can be used to measure overall volatility in an underlying asset. Bollinger Band Width is showing some of the lowest levels the asset reaches. Each time the asset has touched such a low, an explosive move follows. Adding to the severity of the move, Bitcoin’s halving just passed and has been trading sideways since. With so much consolidation, taking place right below the asset’s most important resistance level ever, a massive move is almost guaranteed. Related Reading | This Unusual Factor Could Reignite Bitcoin\u2019s Notorious Volatility\u00a0 A breakout would cause insane FOMO as crypt investors rushed to buy the scarce asset before it reaches $20,000 once again. A rejection would cause traders to rush into short positions and try to profit of Bitcoin’s fall one last time. As for what might cause the spark to ignite volatility once again, it could be written in the stars. Today marks the latest Mercury in Retrograde phase. According to astrology, the event can cause communication issues and lead to misfortune. Matching up each low in Bollinger Band Width and each explosive move with Mercury in Retrograde periods does indicate at least some coincidence. For those traders hoping Bitcoin hurries up and makes a decision, you may want to wish upon a star. Or in this case, a planet.<\/p>\n","protected":false},"author":517,"featured_media":427676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,76835],"class_list":["post-427673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbtusd"],"acf":[],"yoast_head":"\nThis Volatility Measuring Tool Is Signaling One of Bitcoin\u2019s Biggest Moves Yet<\/title>\n<meta name=\"description\" content=\"Bitcoin price has been trading sideways for 50 days now, preparing for its next major move. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Volatility Measuring Tool Is Signaling One of Bitcoin\u2019s Biggest Moves Yet","url":"http:\/\/wncen.com\/news\/bitcoin-volatility-bollinger-mercury\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-volatility-bollinger-mercury\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/bitcoin-supernova-shutterstock_1021584733-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/bitcoin-supernova-shutterstock_1021584733-scaled.jpg?fit=2560%2C1810"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbtusd"],"dateCreated":"2020-06-17T16:00:09Z","datePublished":"2020-06-17T16:00:09Z","dateModified":"2024-06-11T14:04:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Volatility Measuring Tool Is Signaling One of Bitcoin\\u2019s Biggest Moves Yet\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-volatility-bollinger-mercury\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-volatility-bollinger-mercury\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/bitcoin-supernova-shutterstock_1021584733-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/bitcoin-supernova-shutterstock_1021584733-scaled.jpg?fit=2560%2C1810\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbtusd\"],\"dateCreated\":\"2020-06-17T16:00:09Z\",\"datePublished\":\"2020-06-17T16:00:09Z\",\"dateModified\":\"2024-06-11T14:04:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/bitcoin-supernova-shutterstock_1021584733-scaled.jpg?fit=2560%2C1810","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/427673"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=427673"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/427673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/427676"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=427673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=427673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=427673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}