Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Muneeb22 on March 09, 2020, 05:46:15 PM
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First of all market will touch the 7340$ and then it will touch the high at 11200$ but if the market will comes down and break the 7300$ support than it will touch the 6400$ and than make a great high candle and touch the 11340$ to 12,000$.
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First of all market will touch the 7340$ and then it will touch the high at 11200$ but if the market will comes down and break the 7300$ support than it will touch the 6400$ and than make a great high candle and touch the 11340$ to 12,000$.
This is data according to chart analysis. They may or may not work. However, charts cannot take into account many different life factors, including the situation with the spread of coronavirus and its effect on the price of cryptocurrency. Not knowing the consequences of the spread of this virus, we cannot plan the price of bitcoin.
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Seeing Bitcoin's condition for the month is, of course, surprising a lot of people. Bitcoin prices dropped by 20% in a single day. And furthermore, the price is still experiencing a decline.
The viral effect of Covid-19 cannot be underestimated. The economy began to decline and this also impacted the price of Crypto assets. But no need to panic because now we can see that the price of Bitcoin is slowly rising. And if analyzing or predicting the Bitcoin price this month after experiencing a sharp decline, I think it will continue to grow.
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Is this analyze based on Bitmex's XBT-USD? I do not trade there, I mostly use Binance Future. From my understanding we should not feel left out just because we are not trading on future trading exchange Bitmex, we can still benefit on the traditional exchange without use of margin and with great UI design, fast experience such as Binance, koinprocon.
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I don't think Bitmex is good anymore due to its price difference in comparison to the market while all other exchanges are stable. Recently there has been the launch of koinpro which is a very amazing future exchange with stable price.
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First of all market will touch the 7340$ and then it will touch the high at 11200$ but if the market will comes down and break the 7300$ support than it will touch the 6400$ and than make a great high candle and touch the 11340$ to 12,000$.
:D :D this may your chart prediction but you have to bear in mind that no candle prediction work accurately in BTC market. Many analysis, many prediction i saw from 2017 to still but no prediction work accurately. Better you can trade at this position so that you may gain something if you are good trader.
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We are all just speculating, nobody can predict the future correctly. That is why it is good to stay safe and manage our risk profitably with KoinPro platform
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We are all just speculating, nobody can predict the future correctly. That is why it is good to stay safe and manage our risk profitably with KoinPro platform
Speculation based on previous trends or assumptions is one thing and then there is giving prediction based on analysis. Many are saying BTC will have a huge bull run as soon the halving is done, but if you look at the chart and then consider the current pandemic then it becomes quite obvious that we may not see such run in the coming weeks, maybe there will be a new high on current bearish situation and then the whales will get out on top. I looked at the your mentioned Koinpro platform. Looks like they offer free analysis for traders who are in these sort of tradings. Great stuff with great platform.
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I Don't think anyone else who predict bitcoin price. Some day ago we see dtc price collapse and now btc price 10000 dollar. So everytime btc price will be up and down so we should play carefully with btc.
Future exchanges like #Binance,#bitmex,#Koinpro give us a chance to earn profit every situatio. So learn technical analysis for earn profit every situation.
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This month brings happiness for investors because as bitcoin prices are going up significantly this month, the value of bitcoin can touch $10K this month.