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Bitcoin / US Dollar Index

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BXBT trade ideas

BTC BuySHOULD I BUY AND HOLD ONTO BITCOIN? You can buy and hold onto Bitcoin, especially if you want to make a bigger profit long-term. As more and more people buy and use Bitcoin, you have a chance of gaining more value and purchasing power from the BitCoin you buy today. Keeping your Bitcoin can also be smart if you buy it when the price is somewhat high. Not only will that keep you from losing money, but you could still make a profit in the long term. Of course, the value of Bitcoin will continue to change. If you follow the market, you can watch your purchasing power grow rather than diminish due to inflation. THEORY #1 One reason why Monday and Sunday tend to be the best days to buy Bitcoin is the weekend. Since many business people trade Bitcoin, the market isn’t as active over the weekend. Getting in before the market starts back up means you have a better chance of landing a good price. If you wait until the middle of the week, odds are the market will be more active and prices will be higher. THEORY #2 The weekend also acts as a time for people to consider and decide on buying in. As people start to buy Bitcoin on Monday, the price and demand increase. Once the week finishes, the demand drops off. The cycle then continues each week. If you want to buy Bitcoin, try to beat the rush so that you don’t have to pay more for the same amount of Bitcoin. THEORY #3 If you want to avoid high prices, avoid common paydays. After all, when you have more money in your account, you might be tempted to spend it. Since many people get their paychecks in the middle and at the end of the month, Bitcoin prices can rise quickly. If you can, wait a week after payday before you invest so that you can get a better deal.
BITMEX:XBTLong
by BissTrade
BTCUSDT/ D As you can see, the price has moved positively from the important range of 17,600 to 25,200 thousand dollars, and with the accumulation of liquidity, it has been accompanied by selling pressure, and the price has started to correct again to the range of the support zone. The price has reacted to its important resistance 💹 The price is currently in the range of 20,268 thousand dollars. If the range of 20,000 / 19,700 thousand dollars is maintained and the candle close is above the range of 20,500 / 20,800 thousand, we can expect growth up to the range of 21,800 / 22,000 thousand dollars.⚠️ Otherwise, the possibility of price correction towards the specified area. Support ranges of 17600/18200/19100 have been identified.
BITMEX:XBT
by mehrnaziji
7
Bitcoin's inevitable drop to 16k underway?Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin, an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued. 1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60. 2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46. Best of look out there. RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
BITMEX:XBTShort
by FortunaAlgoAnalytics
6