Connect with us

Hot Updates

Double Tops and Bottoms Pattern in BTC Futures Trading – How Can We Profit?

Published

on

double tops and bottoms
READ LATER - DOWNLOAD THIS POST AS PDF

In last few weeks, Bitcoin price traded to a new 2019 high close to $5,500 but disappointed most investors who were anticipating a break above $6,000 with a downside correction and declined below the support at $5,200. Though some traders believe the crypto winter will come to an end soon based on the previous bullish momentum over the last week, Bitcoin is still in danger of another drop.

During the bearish to bullish transition, it’s easy to find double tops and bottoms reversal patterns, which give us the signals of the short-term market trend. BTC futures trading with 100x leverage might be the only way to profit in double tops and double bottoms pattern. Read on and see how to earn money with BTC futures trading.

How to Recognize and Analyze Double Tops and Bottoms?

Short BTC in Double Tops Pattern

When the BTC market performs an uptrend, its price hits a high position, and then pulls back. On the next rally momentum, the price will climb near the prior high, then drops below the pullback low. Double tops pattern signals the bull to bear reversal. It’s suggested to open short positions when the pattern is completed.

Long BTC in Double Bottom Pattern

Within a market downtrend, double bottoms usually form when the prices fall to a low position, and then lifts to the upside. On the next falling, the price stalls near the prior low, then rising above the pullback high. Double bottom seems like a support area, signaling bear to bull reversal. Traders may take long positions when the price rises back to above the pullback high.

How to Profit with 100x Leverage BTC Futures Trading in Bexplus?

Similar to BitMEX, Bexplus is also a popular cryptocurrency futures exchange, offering Bitcoin, Ethereum and Litecoin perpetual contracts with 100x leverage. New traders in BTC futures trading area prefer Bexplus, for its easy-to-use interface and user-friendly trading simulator with 10 BTC preset. Beginner can try to trade BTC futures contracts with 100x leverage without losing a penny.

For example, added 100x leverage.

If you invest 1 BTC in the BTC futures trading shorting BTC at $5,200, when BTC drops to $5,000, you will earn 1 BTC * ($5200-5000)/$5200 *100% = 3.8 BTC.

If longing BTC with 1 BTC at $5,000, when it climbs back to $5,200, you will also earn

1 BTC * ($5200-$5000)/$5000*100% = 4 BTC.

BTC Giving Away in Bexplus!!!

Get 100% Free BTC Bonus, Up to 10 Free BTC is Available

Deposit BTC in your account, you will get 100% free BTC matches your balance. You can get 10 free BTC if you deposit 10 BTC in.

More: https://www.bexplus.com/en/cash_back

Earn Up to 72% Annualized Interest with Upgraded BTC Wallet

Balance in the upgraded BTC wallet will be calculated annualized interest which will be up to 72%.

Easy to get profits without trading!

More: https://www.bexplus.com/en/activity/interest

Up to 50% Invitation Referral Reward

Invite friends to register and trade in Bexplus, you can earn 10%-50% of your invitees’ each deposit instantly. It will be counted with BTC and directly credited in your account.

More: https://www.bexplus.com/en/account/activity_show

Now grasp the double tops and bottoms pattern and try to profit from it with 100x leverage trading in Bexplus.

Follow Bexplus on:

Website: www.bexplus.com

Facebook: https://www.facebook.com/Bexplusglobal/

Telegram: https://t.me/bexplusexchange

Twitter: https://twitter.com/BexplusExchange

Reddit: www.reddit.com/u/bexplus

For Business cooperation: business@bexplus.com

Bitcoin

The rise of the crypto casinos

Published

on

crypto casinos
READ LATER - DOWNLOAD THIS POST AS PDF

In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

Continue Reading

Hot Updates

Matrix Exchange receives In-Principle Approval from Abu Dhabi Global Market

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.

The United Arab Emirates keeps embracing and regulating blockchain & crypto assets into its financial system. ADGM was first in the Middle East and Africa region to establish and launch a fully operational and regulated crypto-asset framework and regime in June 2018. The ADGM business friendly and well-regulated ecosystem continues to attract more and global digital assets investors, blockchain technology companies and other related financial institutions to the UAE.

With digital assets becoming popular alternative investments, compliance is increasingly significant for investors and customers. “The IPA is an important milestone. Subject to regulatory approvals by the FSRA, Matrix Exchange aims to be a recognized regulated crypto asset exchange in the Middle East. It gives us the legitimacy to provide compliant, secure and reliable digital asset transactions for users when we are fully operational.” Matrix Exchange Chairman James Wo said.

With a particular focus on the UAE market, Matrix Exchange is also dedicated to establishing a world-class regulated exchange for international investors.

Matrix Exchange is sponsored by Digital Finance Group (DFG), which operates investments in both primary and secondary markets. DFG’s blockchain private equity fund has invested…

Continue Reading

Hot Updates

Distributed E-Commerce: A New Commercial Civilization

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

In recent years, during the “Double 11”and “618”shopping carnivals, Taobao, Tmall and JD transaction volumes have rocketed. Especially in 2018, the commodities turnover for the major e-commerce platforms increased rapidly through “618”e-commerce promotion. While centralized e-commerce has created beautiful transcripts, other e-commerce platforms find it difficult to obtain user flow while their customer acquisition costs remain high and consumer rights cannot be well protected. This create a sharp contrast between “prosperity and decline”. As a matter of fact, the centralized e-commerce is prominent in the current pain point, and its difficulty to obtain potential developments. On the other hand, the popularity of decentralized distributed e-commerce networks is inevitable.

The potential of distributed e-commerce

The root cause for the large gap between “prosperity and decline” is that the centralized e-commerce company born in the Internet era concentrates user flow, customers, and profits on itself, and enjoys the gradually accumulated traffic and benefits it brings. At the same time, it raises the entry barriers of other e-commerce companies, forming a monopoly situation. The centralized e-commerce model has a series of problems from information asymmetry between merchants and consumers, malicious malpractices, to inconsistencies. These problems are suspected of deceiving consumers, causing loss of consumer rights and causing a…

Continue Reading

Elite