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Bitcoin is trading higher by almost $2 dollars on BTC-E. After opening at $241.53, bitcoin fell to $240.53 by mid-day. From here we rallied back up to $243.89. We are currently quoted at $243.40 on this exchange. As we can see on the chart below, BTC is now only $2 dollars away from the $245.80 double top.
But on OKCoin we only gained about $1 dollars. Here we opened at $244.52 and we’re currently trading at $245.42. The high and low stand at $245.78 and $243.42, for a total of $2.36 dollars. This compares to $3 dollars and 36 cents on BTC-E. But even those figures are well below historical values.
On the chart below we can see the sorry state of bitcoin volatility. The first indicator window shows the Average True Range for the last 20 days. The second indicator window shows the same measure for the last 100 days. The Average True Range displays a simple arithmetic average of the last X daily ranges, measured from high to low. This is a