Finance Forex

Bitcoin: Traders Remain Net-Long

Bitcoin: Traders Remain Net Long blogpost is one from these Finance, Forex groups, posted just as our scripter Erick Emerson on February 11, 2019, those paper can search upon this tags list Bitcoin, NetLong, Remain, Traders. I am glad to satisfied you and providing those others paragraph reffering finance as well I always writting that post everyday.

NUMBER OF TRADERS NET-LONG ARE 78.6% LOWER FROM LAST WEEK

Bitcoin: Retail trader data shows 61.9% of traders are net-long with the ratio of traders long to short at 1.63 to 1. The number of traders net-long is 77.9% lower than yesterday and 78.6% lower from last week, while the number of traders net-short is 49.2% lower than yesterday and 60.0% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you’re new to cryptocurrencies!

BITCOIN PRICE TREND MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

— Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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