View RSS Feed

TechnoMeter

  1. Bitcoin Price in Question As Traders Shift Positioning

    by , 04-27-2018 at 06:11 PM
    Bitcoin: Retail trader data shows 73.2% of traders are net-long with the ratio of traders long to short at 2.74 to 1. The number of traders net-long is 3.6% lower than yesterday and 6.6% lower from last week, while the number of traders net-short is 1.7% lower than yesterday and 7.5% lower from last week.

    Name:  btcusd-d1-fx-choice-limited.png
Views: 143
Size:  26.9 KB

    We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. ...