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Title: [2016-05-22] Bitcoin Trading Alert: Bitcoin Price Stays below $450 Post by: sirohige on May 24, 2016, 05:59:26 PM In short: short speculative positions, target at $153, stop-loss at $515.
Bitcoin has enjoyed a spell of decreased volatility which has led some commentators to draw parallels between the currency and other asset classes, gold being an example. On the Wall Street Journal website, we read: In April, volatility in bitcoin’s price fell below that of gold for 28 consecutive days, the longest period in its history. Bitcoin volatility also briefly dropped below that of another flight-to-safety trade, the Japanese yen, according to data from FactSet and CoinDesk. Bitcoin has become popular for fast, anonymous transactions. The number of bitcoin wallets, or electronic accounts used for paying with the cryptocurrency, doubled in 2015 to more than 12 million, according to data provider CoinDesk. http://www.marketoracle.co.uk/Article55290.html |