Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom

Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom
фото показано с : newsbtc.com

2023-5-30 21:00

A rare crypto technical indicator signal has appeared for the first time in over six years. The last time it fired, the total cryptocurrency market cap climbed more than 7,000% and put the asset class on the map.

With the signal now firing once again, is this a prelude to another 2017-style market boom in digital currencies?

Why Crypto Could Be On The Verge Of A 2017-Style Boom

Volatility is the measure of how much price varies within a timeframe. For example, an asset that rises and falls $5 either way on average is nowhere nearly as volatile as something like Bitcoin which can crash by 80% then rip higher by a 1000%.

The Bollinger Bands visualize volatility over the last 20-periods using a moving average and two standard deviations. When the tools tighten, it signals a lack of volatility. When the bands expand, they signal intense volatility ahead.

A squeeze setup involves the Bollinger Bands tightening, then expanding to release the energy built up in the trading range. This is precisely what’s happening in the Total Crypto Market cap chart for the first time since late 2016.

In the chart below, Bollinger Band Width is at the tightest in over six years. Although past performance is no guarantee of future results, the last time the signal appeared the crypto market climbed from $10 billion to $780 billion in value.

Buckle Up: Bollinger Bands Suggest Volatility Ahead

The Bollinger Bands are telling us that volatility is coming, but says little about the direction of price action. For a buy signal to occur, price must close above the upper band. Until that happens, all we know is a big move is coming.

Volatility, however, can resolve to the upside, despite being more so associated with downside in financial markets. The VIX, which is a measure of implied volatility in the S&P 500, is also called the “Fear Index” because it so often spikes during corrections.

Even Oxford Languages defines the term with a negative connotation. According to the authority, volatility is the “liability to change rapidly and unpredictably, especially for the worse.”

Simply put, things could also get worse for crypto. But considering the extended downtrend and evidence from the last time the signal fired, this tight of Bollinger Band Width has the potential to produce a 2017-like rally in crypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Rare Pepe Party (RAREPEPEP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RAREPEPEP

time rare crypto signal market cap fired

time rare → Результатов: 55


Flasko (FLSK): Whiskey, wine and champagne investment protocol for cryptocurrency investors

We all have heard the adage at one time or another: fine, high-grade wines age better over time. The same can be said for whiskeys and champagne. And as an asset class, rare wines, whiskeys, and champThe post Flasko (FLSK): Whiskey, wine and champagne investment protocol for cryptocurrency investors appeared first on AMBCrypto.

2022-10-21 10:45


На поиск блока биткоина #759 054 ушло 85 минут

Время нахождения блока биткоина #759 054 составило 85 минут вместо ~10 минут, предусмотренных алгоритмом блокчейна. Его добыл пул Luxor. The block time at Bitcoin height 759053 — 054 reached a rare 85 minutes, causing some transaction delays.

2022-10-18 19:49


Spellfire Create 100 Rare NFT Cards to Sell On OpenSea

The first limited edition of Spellfire NFT cards has already reached the shelves of OpenSea. Spellfire NFTs have a unique mix of capabilities and cannot be compared to anything else on the market. A new conception has combined time-tested gaming and modern twists to have a unique collecting experience of virtual and physical assets generating a lifetime revenue, plus a great time playing a beloved fantasy game.

2021-10-28 18:41


PleasrDAO Rescues $4M Rare Wu-Tang Album, Mints it as NFT

On Oct 20, NFT collectors group ‘PleasrDAO’ confirmed that it became the new owner of the one-of-a-kind album, ‘Once Upon A Time In Shaolin’ by the Wu-Tang Clan. PleasrDAO describes itself as “a collective of DeFi leaders, early NFT collectors and digital artists” with a “formidable yet benevolent reputation for acquiring culturally significant pieces with a charitable twist.

2021-10-25 15:55


Фото:

Monero price analysis: XMR lags behind the rising crypto market

Monero is one of the rare cryptocurrencies in the market cap top25 that ended up posting week-over-week losses. Will XRM catch up in price gains, and should you consider investing in XMR now? Fundamental analysis: no fundamental improvements act against Monero this time Monero has lacked initiative when it comes to upwards price motion in […] The post Monero price analysis: XMR lags behind the rising crypto market appeared first on Invezz.

2021-3-9 20:03


Ex-Wall Street Team Builds ExOne Platform To Battle The ‘Fragmented’ Crypto Market

On Wednesday this week, XRP perpetual contracts on BitMEX experienced a flash crash causing an outrage from users, some complaining that their whole account was wiped out. For a relatively big exchange like BitMEX flash crashes should be rare but happens all the time due to liquidity issues as the crypto market continues to mature. […]

2020-2-14 19:26


Ethereum is About to Form a Rare Bullish Technical Formation That May Lead it to Surge Higher

Despite incurring some noteworthy selling pressure earlier this week, Ethereum has posted a decent recovery in the time since and is now tepidly advancing back towards the $270 region. One analyst is now noting that Ethereum is close to forming a bullish technical formation that has only been formed a small amount of times in.

2019-6-2 01:30


Bitcoin Celebrates an Unfortunate Anniversary as BTC Price’s All-Time High Was 1 Year from Today

We celebrate a particularly rare anniversary for Bitcoin this year. To the day, December 17th, 2017, the crypto reached its all time highest valuation of 20,000 dollars. This was, of course, followed swiftly by an even swifter decline into a bearish market, leading to its value being slashed by nearly 85 percent. Now, with BTC […]

2018-12-18 02:42


Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies. Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.

2018-11-15 23:40


Фото:

Is Ethereum About To Stage A Trend Reversal?

Ethereum is a struggling cryptocurrency. Plagued by a clogged network and low prices, it’s rare to find experts with a super bullish feeling towards Ethereum. Fundstradt superstar Thomas Lee however is one expert that believes Ethereum, despite it’s fall, is now on the brink of a major bull run, one that promises to send Ethereum back to the moon, At the time of writing, Ethereum is valued at $229.

2018-9-28 12:00