Earn Money Even When BTC Drop? Bexplus can Achieve It!

The Dilemma for Cryptocurrency Investors

In the past one week, ₿itcoin showed a upward trend from $3,510 to $3,620. However, According to the historical chart, this presents another “enticing” trend which might be a bull trap. It’s necessary to be cautious about its price suddenly plunged soon later. In fact, ₿itcoin is still in the prolonged bear market. Since November, 2018, BTC has been making its downwards journey. Though there are some slight recovery, it’s hard to bounce back and hit the peak at $20,000 again. If the bear market continues, it’s impossible to make profit by holding BTC and waiting for its appreciation, let alone investors who started BTC trading since late 2017 with their assets shrinking.

Moreover, Altcoins which rely on various endorsements entered into the crypto market, making ₿itcoin, Ethereum, etc less valuable for investment. In general, when a kind of new altcoin is listed in an exchange, its price will go up to at least 30% in 3 days. This kind of investment can satisfy the money-earning desires of bold investors. However, because ICO programs are unregulated which are high-risk as well.

So is there any way of investing BTC to achieve high return but with lower risks? The answer is YES and that is cryptocurrency futures trading.

How Cryptocurrency Futures Trading Achieves High Returns and Low Risks?

Low risk

For high-end investors, a very important factor in risk assessments is their awareness of investing risks. Here takes BTC as an example, you can trade futures contracts based on the judgement on BTC trend. If you predict that BTC will rise, you can buy/up BTC. On the contrary, you can short/down BTC assuming BTC price drops. Compared to the spot trade in which you can only choose to buy in and wait for its price growth, BTC futures trading is totally at your control.

High returns

For senior investors, to achieve high return is about how to maximize the profit they will get. Different from the spot market, BTC futures market often provides leverage trading。For instance, if you invest in 1 BTC, you can open a 100 BTC order with 100x leverage added, and in the meantime, you can amplify the profit 100 times.

Why Trade Cryptocurrency Futures Contracts in Bexplus Exchange?

At present, 90% exchange platforms in the cryptocurrency market only provide cryptocurrency spot trade. Though some crypto exchanges offer futures trading products, they are often weekly or quarterly contracts which have expire dates. That’s why beginners or senior investors choose Bexplus.

Bexplus is the world-leading and professional cryptocurrency futures exchange, offering BTC, ETH and LTC perpetual contracts with up to 100x leverage. Founded in Hong Kong in 2017, Bexplus has gain the popularity of 100,000 investors worldwide. With 10 million dollars financing by famous venture capital associates in Hong Kong and America, it has also established offices in U.S, Australia, Russia, Brazil, India, covering 36 countries and supporting 21 languages all around the world.

As mentioned above, in Bexplus, you can trade perpetual contracts, which allow you to buy in or sell out anytime you want. Based on your own analysis, you can choose to short (betting price down) or long (betting price up) BTC. To lower the risks, you can also set the stop-loss and stop-profit points.

Deposit Activity to Earn 100% BTC Cashback

To deposit BTC in the Bexplus account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 BTC as bonus!

Invite Friends to Join and Earn 30% Commission

Invite friends to register and trade in Bexplus, you can share 30% transaction fee of your invitees as commission. Also both you and our invitees can enjoy 10% OFF service charge.

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

Now join Bexplus and enjoy the fun of making money by trading cryptocurrency futures contracts. Register with invitation code PCDfBto enjoy 10% OFF charge fee, and participate the latest activity ongoing in Bexplus for bonus.

Follow Bexplus on:

Website: www.bexplus.com

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

Telegram: https://t.me/bexplusexchange

For Business cooperation: [email protected]

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Published at Thu, 07 Feb 2019 21:00:59 +0000

September 3, 2017

Bitcoin Price Analysis: Breach of Local Top Could Lead Push to $5000

Another day, another all-time high for the BTC-USD markets. bitcoin has been on a strong bull run since its bottom in the $1800s and, despite many technical indicators, has pushed to new highs, week after week. With the international uncertainty surrounding the North Korean conflict and the recent news of Dalia Blass’s recent hire at the SEC, there is plenty of bullish news to fuel the push. However, the current BTC-USD all-time high resides in the lower $4800s, which many market analysts say is the local top of this run.

Figure 1: BTC-USD, 6-Hour Candles, Bitfinex, Recent Bull Fibonacci Extension

Typical Fibonacci Extensions are 127% and 160% of the total length of the bull run. $2600 (0% retracement value shown above) marks the breakout point of the current bull market BTC-USD is experiencing. There have been 4 attempts made to break the $4480 values (100% retracement value shown above). Due to the prolonged effort to break these values, we can make the argument that $4480s are the local top values; any values that breach beyond the $4480s are extensions of the bull run.

A week ago, BTC-USD made a test of the lower $3600s in a move that would ultimately bounce and push us to our current all time high. However, the move from the local bottom to the $4800s is currently forming a reversal pattern called a “Rising Wedge.” Although a Rising Wedge has a relatively high rate of failure, it is still something BTC-USD traders should keep an eye on:

Figure 2: BTC-USD, 2-Hour Candles, Bitfinex, Rising Wedge

The Rising Wedge is characterized by higher highs and higher lows that converge about an ascending value. For anyone trading reversal patterns, it is paramount to confirm the breakout before entering a position. In low confidence patterns like Rising Wedges, we must wait for a breakout below the wedge and for strong trading volumes to increase the likelihood of success. Some evidence that points toward a possible reversal is the RSI and MACD divergence.

Divergence is essentially an indication that there is potential bullish momentum loss in the market. It’s important to note that bearish divergence does not guarantee a market reversal and it does not mean the market will pullback. The only thing we are permitted to take away from bearish divergence is the argument that the market has an increased probability of either consolidation or a market pullback. In strong bull markets, bearish divergence can be seen for hours, days and even weeks.

Should the Rising Wedge break to the bottom, we can calculate the expected price move as follows:

Figure 3: BTC-USD, 2-Hour Candles, Bitfinex, Rising Wedge Price Target

In our case, should the Rising Wedge break to the bottom, we can expect an approximate $500 move downward. However, should the pattern fail to break to the bottom, we can expect a price upward to test the 127% Fibonacci Extension values around $5000 before encountering any significant resistance.

Summary:

Global uncertainty surrounding North Korea’s aggression plus ETF optimism give further evidence to support a continued bullish market.
A potential Rising Wedge could potentially cause a $500 BTC-USD market retracement. The pattern has yet to be confirmed.
Should the Rising Wedge fail to break to the bottom, we can expect a further push toward the 127% Fibonacci Extension values of $5000.

Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Bitcoin Price Analysis: Breach of Local Top Could Lead Push to $5000 appeared first on Bitcoin Magazine.

Earn Money Even When BTC Drop? Bexplus can Achieve It!

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