Trader comforts traumatized market rookies amid falling prices By Cointelegraph

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

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