[2016-07-04]Bitcoin Price Watch; Volatility Ahead?

[BTCBinary]

Bitcoin Price Watch; Volatility Ahead?

It’s late on Monday evening, and time to take our second look of the day at the bitcoin price market. In this morning’s analysis, we noted that price would likely be relatively inactive, primarily as a result of the Independence Day celebrations in the US, and the impact this has on wider market volume. As things turned out, we did get a bit of volatility, and were able to get into a short term scalp position as per our morning analysis. Having closed out that trade for a profit, we then saw price move back within the range we predefined this morning, so we’ve got a couple of choices...

http://www.newsbtc.com/2016/07/04/bitcoin-price-watch-volatility-ahead-2/

[richardsNY]

Current times are great for traders looking for volatility. Last days there have been several $40-$50 price swings which is a great thing for traders, but not so much for people who are sensitive for such price movements. I think this is just the beginning as we are heading closer to the block halving.

[aso118]

Current times are great for traders looking for volatility. Last days there have been several $40-$50 price swings which is a great thing for traders, but not so much for people who are sensitive for such price movements. I think this is just the beginning as we are heading closer to the block halving.

Bitcoin holders are used to such rollercoaster rides. 
Unless you have leveraged positions which have to be unwound, there is no problem. Just ride out the price volatility and enjoy the increase in price.

[richardsNY]

Current times are great for traders looking for volatility. Last days there have been several $40-$50 price swings which is a great thing for traders, but not so much for people who are sensitive for such price movements. I think this is just the beginning as we are heading closer to the block halving.

Bitcoin holders are used to such rollercoaster rides. 
Unless you have leveraged positions which have to be unwound, there is no problem. Just ride out the price volatility and enjoy the increase in price.

I am also used to this level of volatility as a holder, but in this case I would want to also trade in order to use this volatility in my advantange. So far my sole purpose was holding. Might give trading a chance.

[BellaBitBit]

A dream come true for traders.  The one thing we can be certain about with bitcoin is that it highly unpredictable and volatile.