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.
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!
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.
Now grasp the double tops and bottoms pattern and try to profit from it with 100x leverage trading in Bexplus.
Follow Bexplus on:
For Business cooperation: email@example.com
RoFX Review – Simplified Trading for Beginners
Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.
How to Get Started with RoFX
You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net. After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient.
The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.
The following packages are available:
- Easy start
- VIP PAMM
You may view the details of the packages in the…
Four Easy Ways to Make Fast Cash Without Leaving Home
If you’re having a financial crisis and need to figure out how to make fast cash, you’re not alone. Due to the recent pandemic, many people are experiencing money problems. Most methods for earning fast cash are neither lucrative nor sustainable. However, you can make some quick cash to help you through tough times if instant cash loans are not an option for you.
Most of the following suggestions you can do online with no additional equipment or software. We’re able to have programs accomplish many tasks for us these days, but there is always the need for social skills.
How to Make Fast Cash – Get Paid to Search the Web
If you’re like the average student, you probably spend a considerable amount of your time searching the web. But did you know you can make money doing it? This is one of the quickest ways to make fast cash, and it doesn’t require a lot of effort.
Qmee is a site that pays you for searching in the leading search engines like Google or Yahoo. All it requires is that you install a plugin to your browser. When you search, and a Qmee result pops up, it comes along with a cash bonus you can claim by clicking the link.
Fear & Greed Index Suggests A Bull in the Bitcoin Market?
As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin.
So, what is Fear and Greed Index?
Alternative.me has the most well-known and respected Bitcoin fear and greed index.
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
To make it precise:
- When the index drops below 20 it indicates extreme fear.
- When the index rises above 60, it indicates extreme greed.
The result of Fear and Greed Index is calculated from the following aspects:
Volatility: the program marks wider fluctuations as a sign of fear
Market volume: if buying volumes increase significantly, the greed levels rise, too
Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…