Is there a correlation between the probability of touching and cryptocurrency price movements?

1 answers

• Andreas BoyatzoglouOct 22, 2021 · 4 years ago
  At BYDFi, we have observed that the probability of touching a specific price level in cryptocurrency trading can sometimes have an impact on price movements. However, it is important to note that correlation does not imply causation. While there may be instances where the probability of touching a certain price level coincides with price movements, it is crucial to consider other factors such as market sentiment, news events, and overall market conditions. Traders should not solely rely on the probability of touching as a trading strategy, but rather use it as one of many tools in their analysis. It is always recommended to conduct thorough research and analysis before making any trading decisions in the cryptocurrency market.
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