BTCUSDT BUY - Steemit Crypto Academy | S6W1 | Team Trading Contest Post for Reminane | by @benjamin09

in hive-108451 •  3 years ago 
Greetings friends and welcome to my crypto academy trading contest post on the cryptocurrency pair BTCUSDT.

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The name and introduction of the project token, and which exchange it can be traded on, project/team/technical background, etc.

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Introduction of the token.

BTC is the first cryptocurrency blockchain created and the most popular and most valuable cryptocurrency in the market. It is a POW blockchain that runs with smart contracts but has the problem of low scalability. It was created in 2008 by an alias Satoshi Nakamoto and then launched into the market in 2009. We will see more information on BTC below.


Exchange platforms available for BITCOIN.

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As we have seen above, these are some of the markets in some of the exchanges that BTC is found. BTC being the original crypto currency, is found mostly in all exchange platforms that support crypto currency.


Project/team/technical background.

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  • Price : $39,091.26
  • Rank : #1
  • Market Cap : $741,596,956,933
  • Fully Diluted market cap : $820,994,731,939
  • 24H Volume : $17,710,188,487
  • Circulating Supply : 18,969,106.00 BTC
  • Max Supply : 21,000,000
  • Total Supply : 18,969,106

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We can get a good analysis of the price of BTC as well as its market information by looking at the above data.

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Why are you bullish on this token today and how long do you think it can rise?

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from the above chart, we can see that, the price of BTCUSDT broke the 89-EMA line moving upwards thereby strengthening the bullish run occurring. Also, the RSI crossed the 50 line moving upwards also indicating bullish movement and a good bullish market position to enter the market.

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As is seen above, I placed a futures buy trade with a leverage of 20x.

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After a while of observing the market, there was no impulsive move and the market kept ranging, so I sold and closed the position having a breakeven with tiny profit of $0.0019.


All photos not sourced in this post are from the Binance mobile app.


Thank you for reading.
@reminiscence01
@nane15

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