Saturday, October 1

Bitcoin Price Drops Below $ 47,000, But Trader Sees “Strong Risk / Reward Ratio” To Go Long Currently By CoinTelegraph

© Reuters. Bitcoin Price Drops Below $ 47,000, But Trader Sees “Strong Risk / Reward Ratio” To Go Long Currently

(BTC) increased its losses on December 29 with a further slide that took the pair briefly below $ 46,600.

BTC / USD (Bitstamp) 1-hour candlestick chart. Source: TradingView RSI shows “oversold” levels Data from Cointelegraph Markets Pro and TradingView showed the pair lost ground ahead of the Wall Street open to exacerbate its 48-hour correction to 10.4%.

The most recent move in a familiar pattern of behavior, the market showed that the range that Bitcoin has spent December in is still very much at stake.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Reference-es.investing.com

Leave a Reply

Your email address will not be published.