Razor1911
Active member
3 weeks back, the market was plumbing down from the highs. It fell like a rock falling to the ground, no support seems to be working, even the volume was also soaring. Bitcoin which was trading near 46000, tumbled down to reach as low as 32000 in just few seesions. The supports in between had no strength at all as the coin had broken it one by one like a bullet cuts flesh.
After that ferocious week of fall, the volatility was very high in the market. Normay high volatility indicates the market may have sudden ups and downs, where as for long term growth, the volatility should come down, as that will give stability to the market.
As of now, the volatility of the market seems coming down. Which is clearly a positive sign for bulls. Settling down the volatility is very much important in order to gain for long term.
After that ferocious week of fall, the volatility was very high in the market. Normay high volatility indicates the market may have sudden ups and downs, where as for long term growth, the volatility should come down, as that will give stability to the market.
As of now, the volatility of the market seems coming down. Which is clearly a positive sign for bulls. Settling down the volatility is very much important in order to gain for long term.
