Bitcoin daily chart alert - volatility collapses, bigger price move soon - Oct. 15
Editor's Note: Welcome to Kitco's Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim's unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) - Bitcoin-U.S. dollar futures prices are again near steady in early U.S. trading Tuesday. Trading has turned choppy, sideways and quiet recently. This “collapse in volatility” suggests a bigger price move is right on the horizon. The bulls and bears are on a level near-term technical playing field. The direction in which prices “break out” of the recent sideways trading range will be the direction of the next trending move in prices. Stay tuned.