BTC Volatility Analysis for Retail Sales Ex Autos, 16th January 2020

Data Analysis

The data released by Bureau of Census for Retail Sales Excluding Automobiles on 16th January, 2020 has come in at an increase to 0.9% for December 2019. Compared to the previous release for November 2019 at 0.2%, we can see that consumer sentiment is increasing month over month.

To see the impact and volatility of BTC's price during the Retail Sales Ex Autos release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 11,019 BTC with prices swinging between 8,600.40 and 8,789.00, representing a swing of 2.15%. Subsequently, the trading volume decreased by 31% to 7,640 BTC. Price action ranged from a low of 8,626.00 to a high of 8,725.00, a difference of 1.13%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 463 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 8,670.63 to a high of 8,710.00, a 0.45% change. Immediately following, trading volume decreased by 18% to 377 BTC. At this time, Bitcoin hit a low of 8,674.84 with a high of 8,711.00, a change of 0.42%.

About Retail Sales Excluding Automobiles

The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending excluding the automobile sector. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one. The advanced estimated data is based on a subsample from the USCB complete retail & food services sample.