Early hints of volatility may provide opportunities for bitcoin $BTC and ether $ETH bulls and bears. GWilliamsJr_CMT writes
Take measure of each coin’s 20-period moving average.Set an alert if any asset breaches the upper or lower limit of the standard deviations.
A look back at when BTC breached an upper limit on Dec 13 shows a 2% decline in prices 14 days later. ETH’s prior breach on October 29, saw prices down a whopping 22% after 14 days. Also encouraging for the bullish investor is that exchange balances for BTC and ETH have not increased sharply as prices have increased. An uptick in BTC or ETH being sent to exchanges is often a bearish signal, as coins are sent to exchanges for the purpose of selling.
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