Post
Topic
Board Bitcoin Discussion
Re: How does Open Interest can determine the bitcoin prices ?
by
enhu
on 09/12/2021, 06:32:44 UTC

For BTC you can be sure there are lots of traders who enter a position in the market while the price dips. You however wouldn't know when the price will go up for it may take several days to weeks before it will go up again. The volatility is just making the market unpredictable even when you use the indicators, you will still be guessing especially if you trade in a shorter time frame.