Cryptocurrency
Yes, Even Bitcoin HODLers Can Lose Money in the Long-Term: Here’s How
As Cointelegraph reported, “Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the […]
As Cointelegraph reported, “Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the heels of the event and more importantly, when.
“While every trader has his or her own style, most keep a vigilant eye on Bitcoin charts and attempt to exploit every long and short opportunity that Bitcoin’s market cycles provide. This practice can be time-consuming, tiresome and inefficient based on one’s proficiency at trading and the ability to weather the manipulative fiascos that frequently rock the crypto market.
“As the crypto market matures, new technical analysis methods are being developed and traders are also beginning to pay more attention to the on-chain data produced by blockchains. To dig deeper into this topic, Cointelegraph spoke with equities and crypto-market analyst Philip Swift. Swift is also the creator of the Golden Ratio Tool and the Bitcoin 2-Year MA Multiplier…”
Continue to read the full article, and interview, at Cointelegraph.
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