HUGE Binance News! But Cryptos Still Struggle To Move Higher!?

There has been some good news and some bad news as we keep riding the regulation fear and panic wave. As with any market, we have to figure out how to adapt to market conditions. While we hold for the long term, we also trade in and out of positions to grow our portfolio for adding to the longer term cryptos.

Here is a prediction that a trader made today. You can see his technical analysis chart here. Make sure to read the comments as well. This chart is showing what is called a falling wedge meaning that there may be a breakout up towards $10.5k plus for BTC. So, what does that mean?

It means that you can trade bounces between short term highs and lows. This is just an example, not an actual "trade," but if you were to get some BTC right now (around $9100 as of this minute), you could then sell it when if it goes to $10.5k, then if it dips again, rinse and repeat. Right now, it is looking like BTC is staying above $8k, though it has been struggling to break through $12k. So, you can try to buy when it's in these low ranges and sell when it pops up. This can be done with other cryptos as well.

If you try any short term trading it is good to only put 1-5% of your total balance into a trade, and also, it is good to set a stop loss or exit the position if it goes down 10% from your buy in point. You also have to have a target to enter in and a target to exit. We are not saying trading is simple, but these bounces are coming fairly predictable at the moment.

Sort Order:

Trending

[-]

ychaudrys (50) · 7 years ago

$0.00

4 votes

canadian-vixen (59) · 7 years ago

Over time I've noticed the market of crypto to fluctuate. I hope it does a big jump again soon!

greenracoon (51) · 7 years ago

フォローありがとうございます！私も仮想通貨持っているので、投稿楽しみにしています＾＾

kamboj (30) · 7 years ago

Thanks for this post

girlofme (25) · 7 years ago

nice post

engrmizan (25) · 7 years ago

Yes, all crypto currency struggle to change price higher from December 2017.

dlstess (40) · 7 years ago (edited)

good, thanks

masud2604 (25) · 7 years ago

helpful for news
please upvote my post also.

silentmate (28) · 7 years ago

hi @charlott , can you plz tell me some legit platforms for crypto trading ? as I also a beginner and want to invest upto 10$

mamun383 (35) · 7 years ago

I learn some knowledge from this video.....