Tag Archive Cryptocurrency

Is Bitcoin Going To The Moon?

Is Bitcoin Going To The Moon?

Lot’s of speculation happening within the Crypto space about a possible $100,000 Bitcoin within 2019.

Well, most unlikely, we’ll need a major buying move and that buying to keep going and going with strong momentum.

We got a position at the start of a good Bull run, and passing a psychological price point of $9,000 in May

Remembering that back in November 2017 the price of Bitcoin hit $19,000, then did an about turn afterwards and began to fall before settling below $4,000 before the end of 2018.

We still believe Bitcoin will carry on in it’s upward movement, albeit with the odd few corrections within the next year or two.

We have to keep in mind Bitcoin is due to halve, an event that happens every four years and reduces the rate new bitcoin is generated or mined by miners and known to be behind the cryptocurrency major rallies.

Like any form of investment/stock/asset, if demand for Bitcoin increases over time, but then supply of Bitcoin decreases, it may cause the price to spike and then we’ll be thinking, is Bitcoin Going To The Moon?

Is Bitcoin Going To The Moon?

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

*Please Note, Forex and other forms of trading 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. 


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)

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*Please Note, Forex and other forms of trading 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. 

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