Breaking through the analysis of $9000 level, Bitcoin is possibly seen testing times with its 5-digit area, with a creation of nice cup and handling patterns. After the testing of $9000 resistance, it broke the records rapidly to the target level of $10000.
From here we assume to see a correction.
Breaking $10K might get us back to $ 13K, with a support level which is at the $9300 and $ 9000
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The volatility of Bitcoin value relative to Government issued currencies renders this unworkable practise with a more promising direction to use Bitcoin infrastructure in the transaction of the asset other than bitcoin itself.
So before entering into this trading business, make sure you have full attention towards the market analysis. Remember not all traders make profit, since it is a zero-sum game. Even if you aspire to trade on daily basis, say like buy or sell Bitcoins –sometimes it is better not to rush for profits and expose your coins to losses.
Set a clear target and consider a number of factors when choosing a stop loss level correctly. Risk Management plays a very important role with a concept that the story of the market profits come from our prespective. Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market (very high risk). To those trades we will assign greater tolerance – the stop and target levels will be chosen far from the buying level. So learn the fundamentals of how to Buy and sell Bitcoins if you intend to be a long run player in the Crypto Market.
Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
Many new projects choose to make a crowd-sale where they offer investors an early opportunity to buy a share of the project (tokens or coins) in what is meant to be a good price for the tokens.
The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors.
So don’t start trading unless you have optimal conditions to make decision to start trade and how and when to get out of it. Set your goals and place orders because you never know when a whale will pump your coin to catch your command.
With Alphard coins you get not just the platform to make online trading transaction process but also effectively get posted with all the latest updates of the Crypto Market.