Great Risk-Reward Potential on Bitcoin!

BITCOIN RISK-REWARD POTENTIAL UNDER ATTRACTIVE LEVEL; BITCOIN ABOUT TO BOUNCE?

BITCOIN RESERVE RISK ON GREEN

The chart for the day is Bitcoin Reserve Risk.

This Bitcoin chart is created to assess the confidence of long-term holders relative to the price of the native coin at any given point in time. 

Entering the red zone means confidence in risk-reward potential is low and is directly related when price gets too high or nearing the market/cycle top.

While the green zone shows the best times to buy Bitcoin as this assesses a great risk-reward potential even when the price is deemed at low at a certain period of time.

Bitcoin Risk-Reward Chart

Also, NVT Signal is still showing a buy signal along with other indicators.

Bitcoin NVT Signal

Bitcoin is trading at $42,931.46 (source: Coingecko) at the time of writing with the hourly and daily timeframes showing trend reversal. Bitcoin bottoming since to be on its way to getting confirmed.

Stay tuned. 😉

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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