Bitcoin Chart Pattern Brings Warning of Volatility Spike, Losses

28
Comment
Favorite

Bitcoin Chart Pattern Brings Warning of Volatility Spike, Losses

Bloomberg2022-10-10

Narrowing Bollinger bands suggest larger Bitcoin swings aheadCoin has been stuck in trading range around $20,000 since JuneAn unusually placid Bitcoin may be girding for a pick-up in turbulence and a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Kelvin_Qiu
·2022-10-10
[Thinking]
Reply
Like
Report
atsc
·2022-10-10
Ok
Reply
2
Report
atsc
·2022-10-10
Ok
Reply
1
Report
neok_S
·2022-10-10
Very well-said and good thinking! [Happy]
Reply
3
Report
JC888
·2022-10-10
Is this another feel good article, setting up the trap to snarl anyone within listening distance? Based on the smaller boutique fund houses (that are more sincere and 'hones' - in my humble opinion) reviews, there ar more downside than upside in the immediate future. So rather than dollar cost average into a falling price stock, why dun just hold onto the cash for a while longer. Truth be told there are 2 freaking more interest hikes by the Fed, beginning with one on 02 Nov; that is exactly 2 working weeks and 3 days to go. Why risk buying now when you may get more shares for the same outlay of monies if the shares continue to fall in price (not value right). There is afterall a saying "Good things Come To Those Who Wait". So maybe Save Up for these 2 weeks and get ready to buy
Reply
40
Report
Fold Replies
- JC888:
  Worried about 02 Nov...
  2022-10-10
  Reply
  Report
- CyrilDavy:
  I think the author is a little too pessimistic. The situation is improving now, and in my opinion, this is a good opportunity to buy on the dip.
  2022-10-10
  Reply
  Report
- FranklinMorley:
  I also agree with the author. At present, the general trend of the stock market is still declining, and there is no bottom line to be seen.
  2022-10-10
  Reply
  Report
View more 2 comments

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1152869858?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-10-10 15:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1152869858","market":"us","top_or_hot":-1,"title":"Bitcoin Chart Pattern Brings Warning of Volatility Spike, Losses","media":"Bloomberg","content":"<div>\n<p>Narrowing Bollinger bands suggest larger Bitcoin swings aheadCoin has been stuck in trading range around $20,000 since JuneAn unusually placid Bitcoin may be girding for a pick-up in turbulence and a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-10/bitcoin-chart-pattern-brings-warning-of-volatility-spike-losses?srnd=technology-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Chart Pattern Brings Warning of Volatility Spike, Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Chart Pattern Brings Warning of Volatility Spike, Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-10 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-10/bitcoin-chart-pattern-brings-warning-of-volatility-spike-losses?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Narrowing Bollinger bands suggest larger Bitcoin swings aheadCoin has been stuck in trading range around $20,000 since JuneAn unusually placid Bitcoin may be girding for a pick-up in turbulence and a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-10/bitcoin-chart-pattern-brings-warning-of-volatility-spike-losses?srnd=technology-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-10-10/bitcoin-chart-pattern-brings-warning-of-volatility-spike-losses?srnd=technology-vp","article_id":"1152869858","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152869858","pubTimestamp":1665385515,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Narrowing Bollinger bands suggest larger Bitcoin swings aheadCoin has been stuck in trading range ar","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"比特币图表模式带来波动性飙升、亏损的警告","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"MBTmain":0.9,"GBTC":0.9},"content_text":"Narrowing Bollinger bands suggest larger Bitcoin swings aheadCoin has been stuck in trading range around $20,000 since JuneAn unusually placid Bitcoin may be girding for a pick-up in turbulence and a lurch lower, if history is any guide.The world’s largest cryptocurrency is notorious for its volatility but has defied that stereotype by oscillating in a relatively constrained range around the $20,000 level in the four months since hitting a low in mid-June.But now a potentially portentous indicator known as the Bollinger bandwidth has shrunk to the narrowest since 2020. The bandwidth is the gap between the upper and lower bands in a Bollinger study, a popular way of gauging volatility.The bandwidth has been similarly narrow five other times in the past two years, according to data compiled by Bloomberg. On four of those occasions, Bitcoin subsequently shed almost 16% over 20 days. One time, back in October 2020, it embarked on a surge to a record high of almost $69,000.Some technical analysts therefore view the tight Bollinger bandwidth as a harbinger of increased Bitcoin swings and potentially a drop in its price.A global wave of monetary tightening to fight inflation has spurred a near 60% slide in Bitcoin this year. Some $2 trillion has been wiped off cryptocurrencies since a high in November 2021, prompting regulators to step up oversight.“I still don’t think we will have a bullish run anytime soon,” said Cici Lu, chief executive officer of Venn Link Partners Pte. “All it takes is one piece of negative news to do with regulation and we could break through the bottom end of” Bitcoin’s recent $19,000 to $24,000 trading range, she said.Global markets are also awaiting US inflation data due Thursday. A hot number could strengthen expectations of more Federal Reserve interest-rate hikes, roiling a range of assets, while a material slowdown may work the other way.“We expect Bitcoin’s price to be very macro driven in the near term,” said Darius Sit, co-founder of crypto investment fund QCP Capital Pte. “A break out of the recent range on either side would likely be triggered by something like a surprise in the CPI print.”Bitcoin was little changed at about $19,450 as of 6:12 a.m. on Monday in London. Other coins like Ether, Solana and Cardano also struggled for direction.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9917060901,"gmtCreate":1665389588903,"gmtModify":1676537597728,"author":{"id":"3581638828642415","authorId":"3581638828642415","name":"Kelvin_Qiu","avatar":"https://static.tigerbbs.com/58df4d9e030a9766be7d0b65f5e798af","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917060901","repostId":1152869858,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9917086317,"gmtCreate":1665387686939,"gmtModify":1676537597476,"author":{"id":"3562791266647459","authorId":"3562791266647459","name":"atsc","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917086317","repostId":1152869858,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9917086923,"gmtCreate":1665387649362,"gmtModify":1676537597469,"author":{"id":"3562791266647459","authorId":"3562791266647459","name":"atsc","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917086923","repostId":1152869858,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9917088697,"gmtCreate":1665387557020,"gmtModify":1676537597453,"author":{"id":"4122725766579052","authorId":"4122725766579052","name":"neok_S","avatar":"https://community-static.tradeup.com/news/503e87bb32e32a31ffa71d9d424883fc","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Very well-said and good thinking!&nbsp;[Happy]&nbsp;","listText":"Very well-said and good thinking!&nbsp;[Happy]&nbsp;","text":"Very well-said and good thinking! [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917088697","repostId":1152869858,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9917081025,"gmtCreate":1665386744167,"gmtModify":1676537597379,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Is this another feel good article, setting up the trap to snarl anyone within listening distance? Based on the smaller boutique fund houses (that are more sincere and 'hones' - in my humble opinion) reviews, there ar more downside than upside in the immediate future. So rather than dollar cost average into a falling price stock, why dun just hold onto the cash for a while longer.&nbsp; Truth be told there are 2 freaking more interest hikes by the Fed, beginning with one on 02 Nov; that is exactly 2 working weeks and 3 days to go. Why risk buying now when you may get more shares for the same outlay of monies if the shares continue to fall in price (not value right). There is afterall a saying \"Good things Come To Those Who Wait\". So maybe&nbsp;Save Up for these 2 weeks and get ready to buy","listText":"Is this another feel good article, setting up the trap to snarl anyone within listening distance? Based on the smaller boutique fund houses (that are more sincere and 'hones' - in my humble opinion) reviews, there ar more downside than upside in the immediate future. So rather than dollar cost average into a falling price stock, why dun just hold onto the cash for a while longer.&nbsp; Truth be told there are 2 freaking more interest hikes by the Fed, beginning with one on 02 Nov; that is exactly 2 working weeks and 3 days to go. Why risk buying now when you may get more shares for the same outlay of monies if the shares continue to fall in price (not value right). There is afterall a saying \"Good things Come To Those Who Wait\". So maybe&nbsp;Save Up for these 2 weeks and get ready to buy","text":"Is this another feel good article, setting up the trap to snarl anyone within listening distance? Based on the smaller boutique fund houses (that are more sincere and 'hones' - in my humble opinion) reviews, there ar more downside than upside in the immediate future. So rather than dollar cost average into a falling price stock, why dun just hold onto the cash for a while longer. Truth be told there are 2 freaking more interest hikes by the Fed, beginning with one on 02 Nov; that is exactly 2 working weeks and 3 days to go. Why risk buying now when you may get more shares for the same outlay of monies if the shares continue to fall in price (not value right). There is afterall a saying \"Good things Come To Those Who Wait\". So maybe Save Up for these 2 weeks and get ready to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":40,"commentSize":42,"repostSize":0,"link":"https://ttm.financial/post/9917081025","repostId":1152869858,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104291579,"gmtCreate":1665394300686,"gmtModify":1665394304539,"authorId":3570103090255456,"author":{"id":3570103090255456,"authorId":3570103090255456,"name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.14","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9917081025,"type":1,"supId":104291292,"prevId":0,"content":"Worried about 02 Nov...","text":"Worried about 02 Nov...","html":"Worried about 02 Nov..."},{"id":104291292,"gmtCreate":1665392189515,"gmtModify":1665392193373,"authorId":9000000000000641,"author":{"id":9000000000000641,"authorId":9000000000000641,"name":"CyrilDavy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9917081025,"type":1,"supId":0,"prevId":0,"content":"I think the author is a little too pessimistic. The situation is improving now, and in my opinion, this is a good opportunity to buy on the dip.","text":"I think the author is a little too pessimistic. The situation is improving now, and in my opinion, this is a good opportunity to buy on the dip.","html":"I think the author is a little too pessimistic. The situation is improving now, and in my opinion, this is a good opportunity to buy on the dip."},{"id":104291290,"gmtCreate":1665392135927,"gmtModify":1665392140176,"authorId":9000000000000584,"author":{"id":9000000000000584,"authorId":9000000000000584,"name":"FranklinMorley","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9917081025,"type":1,"supId":0,"prevId":0,"content":"I also agree with the author. At present, the general trend of the stock market is still declining, and there is no bottom line to be seen.","text":"I also agree with the author. At present, the general trend of the stock market is still declining, and there is no bottom line to be seen.","html":"I also agree with the author. At present, the general trend of the stock market is still declining, and there is no bottom line to be seen."},{"id":104291283,"gmtCreate":1665392094367,"gmtModify":1665392098399,"authorId":9000000000000733,"author":{"id":9000000000000733,"authorId":9000000000000733,"name":"littlesweetie","avatar":"https://static.tigerbbs.com/6e464260c1f36813365ad09eecdd364a","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9917081025,"type":1,"supId":0,"prevId":0,"content":"Thank you for the author's advice. In the current situation, it is necessary to be patient","text":"Thank you for the author's advice. In the current situation, it is necessary to be patient","html":"Thank you for the author's advice. In the current situation, it is necessary to be patient"},{"id":104290961,"gmtCreate":1665388309300,"gmtModify":1665388312704,"authorId":3584581045868830,"author":{"id":3584581045868830,"authorId":3584581045868830,"name":"ChiaZY","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9917081025,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":28,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}