Tags : trader

Bitcoin

Career Commodities Trader Calls Bitcoin Chart Parabola “Historic”

Bitcoin blasting above $50,000 per coin made it clear that the parabola would continue, marking the third major parabolic phase in the cryptocurrency’s short lifecycle. Commodities trader Peter Brandt has seen many price charts throughout his storied career. This sort of behavior in an asset is rare, according to Brandt. But three times? That’s “historic,” […]Read More

Bitcoin

Why a trader says a Bitcoin bottom is close, based

Scott Melker, a cryptocurrency trader and the author of The Wolf Den Newsletter, believes a short-term Bitcoin bottom is close. Melker often uses the relative strength index (RSI) indicator on the 4-hour and 6-hour candle chart time frames to identify potential trend reversals. The RSI is an indicator that is used to evaluate whether an […]Read More

Cryptocurrency

Why this trader thinks the Bitcoin bottom is in based

On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset. Following the shakeout, a pseudonymous trader known as “Byzantine General” said that there is a chance the “bottom” is […]Read More

Market

Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes

Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours. Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CoinDesk 20) BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians. Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high […]Read More