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Cryptos: Here’s how bitcoin volatility cravers can capitalize on a potential ‘catastrophic move to the downside’

For volatility-craving bitcoin traders, 2019 has offered up few opportunities for those looking to capitalize on the wild price swings they had grown accustomed to.

In fact, 2019 has amassed just five trading days with daily closes greater than 5% (up or down), compared to 30 by this time last year, according to Dow Jones Market Data provided by CoinDesk.

But, according to options trader Tim Kelly, founder and CEO of BitOoda, an agency-only regulated broker, we could be on the cusp of a long-awaited sharp move, with the risk pointing to the downside. In fact, signs point to a “final price washout,” he said in a recent note to clients.

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