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Bitcoin

Why a dealer says a Bitcoin backside is shut, based

Scott Melker, a cryptocurrency dealer and the writer of The Wolf Den E-newsletter, believes a short-term Bitcoin backside is shut. Melker usually makes use of the relative power index (RSI) indicator on the 4-hour and 6-hour candle chart time frames to establish potential development reversals. The RSI is an indicator that’s used to judge whether […]Read More

Cryptocurrency

Why this dealer thinks the Bitcoin backside is in based

On January 12, the day the value of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion price of futures contracts had been liquidated. The derivatives market, which was extraordinarily overleveraged and overcrowded, noticed a large reset. Following the shakeout, a pseudonymous dealer often called “Byzantine Normal” mentioned that there’s a likelihood the “backside” is […]Read More