Tag Archive Bitcoin

Profit from Bitcoin Crytpocurrency

The Cryptocurrency has been trading near the $9,436 level and has jumped almost 20% in the past week as the speculation of Bitcoin and other cryptos continue.

Despite the recent downtrend we decided to take a quick Buy position, the recent low looks to have been tested and looking like a support, whether the is more of a downturn to come for the cryptocurrency that’s anyone guess, however some strength in the market is still available and some commentators believe Bitcoin will raise further, and a potential upheaval back to around the $12,000 level into an area of resistance and more sellers.

A possible price growth and we could see the cryptocurrency’s value soar to higher levels than it had shown back in 2017.

We went for the short term, a bounce off a supply level and took profit for £427.38

Bitcoin

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

1