Trader comforts traumatized market rookies amid falling prices
Known for its volatility, (BTC) recently dropped more than $ 11,000 over a four-day period after weeks of bullish price action. Amid a new bull cycle, Bitcoin has likely picked up its fair share of new buyers, some of whom may not be familiar with the asset’s sharp price swings, according to comments from Cheds, a cryptocurrency trader and analyst. On twitter. Cheds is CMT Level I certified, a benchmark showing knowledge of technical analysis. “Given the recent surge in popularity of Bitcoin, we have a lot of new investors and traders who haven’t been through any shock events, like that $ 8,500 daily range candle we just had,” Cheds told Cointelegraph. Continue reading on Coin Telegraph
Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business
losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading
the financial markets, it is one of the riskiest forms of investment possible.