RE: Steemit Crypto Academy Contest /S14W2- Volatility in cryptocurrencies "
greeting @shabbir86 your detailed exploration of cryptocurrency volatility reflects a practical understanding of the market's dynamics. The personal experience you shared about buying coins and witnessing fluctuations adds a relatable touch to your entry, making it accessible for both experienced and novice traders.
Your explanation of volatility as the rate of trading moving up or down is straightforward, and you've rightly emphasized that volatility is inherent to the crypto market. The mention of short sellers and trading robots contributing to volatility adds depth to your analysis, showcasing an awareness of various market forces.
The discussion on whether volatility is beneficial or harmful is well-balanced, considering both the potential for profit and the risks involved. Your insight into how volatility affects trader sentiments and the importance of stability for market expansion adds a thoughtful perspective to the conversation.
Introducing the Bollinger Bands as a technical indicator for measuring market volatility is a great choice. Your explanation is clear, highlighting its adaptability to fluctuating prices and its role in signaling potential breakouts and trends. Unfortunately, I cannot view the screenshots for including the Bollinger Bands on the STEEM/USDT chart, but your step-by-step description enhances the practicality of your entry.
Overall, your entry combines personal experience with insightful analysis, making it a valuable addition to the conversation on cryptocurrency volatility. Keep up the excellent work, and I appreciate the depth you bring to the discussion✨