Bitcoin Daily Chart Alert - Market Still Eerily Quiet Tuesday - Oct. 9
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim's unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) - Bitcoin-U.S. dollar prices areslightly down in early U.S. trading Tuesday. Still not much new in this marketamid very quiet trading. However, the recent “collapse in volatility” in priceson the daily bar chart still suggests a bigger price move is coming soon. Rightnow, amid the sideways trading, the bears still have the overall near-termtechnical advantage. Stay tuned!
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