Free Bitcoin Price Trade Plan Forecast Updated Twice A Month
January 08 2020 Update:
Bitcoin has been rebounding to the upside since the middle of December after its downtrend since June 2019.
Accumulation distribution indicators on the daily timeframe are positive, but on the weekly and monthly timeframes are still negative.
Near-term price resistance is 8,700 with downside support level at 6,400.
Remember you Holdlers, stop-loss is a tool to keep a small loss from becoming a much larger loss. Use it to survive and trade another day.
See below for the latest news on Bitcoin and Cryptocurrencies.
Bitcoin Rebounds Higher After Downtrend
January 08 2020 - Bitcoin Climbs Higher After Surging Through $8,000 Level By Bloomberg
Largest cryptocurrency reaches highest price since November.
Digital asset touted as alternative during rising uncertainty.
Bitcoin climbed to the highest since November after breaching the $8,000 price level.
Concerns about an escalation in the conflict between the U.S. and Iran are seen as contributing to the rally in Bitcoin, which is not managed by a government.
“Bitcoin and gold are well supported due to rising tensions between the U.S. and Iran,” said Emmanuel Goh, who runs crypto derivatives tracker Skew. “Professional investors are also back from the Christmas break and starting to deploy capital -- this is called the January effect in the stock market.”
The world’s largest cryptocurrency rose as much as 7.3% to $8,128 in New York trading, the biggest one-day increase since Dec. 18.
Bloomberg Intelligence strategist Mike McGlone expects Bitcoin to draw support this year because of its fixed supply and greater adoption.
“Volatility should continue to decline, as we expect $6,000 to mark this year’s key support and $10,000 to hold resistance,” McGlone wrote in a note Tuesday.
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The Invest2Success Cryptocurrency Advisory Trade Plan Service provides subscribers one low-risk high-reward buy long Cryptocurrency trade plan each Monday that is sent to your email based on daily time frame trade setup chart patterns that you can day-trade, swing-trade and or position trade for possible longer-term gains.
Cryptocurrency Tradeplans with Price Entry, Stop-Loss, and Take Profit Price Targets
The cryptocurrency trade plans include price entry areas, stop-loss price area in case your position goes negative, and take profit price targets. These cryptocurrency trade plans are low-risk high-reward.
Low-Risk High-Reward Trade Plans on the Following Cryptocurrencies
If there is a specific cryptocurrency pair listed below that you are watching and or trading, inform us of it, and we will provide you analysis on your specific cryptocurrency trade pair.
ADA-USD, ADX-USD, AE-USD, ANT-USD, ARDR-USD, ARK-USD, ATB-USD, ATM-USD, BAT-USD, BCCOIN-USD, BCH-USD, BCN-USD, BNB-USD, BNT-USD, BTCD-USD, BTC-USD, BTG-USD, BTM-USD, BTS-USD, CVC-USD, DASH-USD, DCN-USD, DCR-USD, DGB-USD, DGD-USD, DNT-USD, DOGE-USD, EDG-USD, EOS-USD, ETC-USD, ETH-USD, ETP-USD, FAIR-USD, FCT-USD, FRST-USD, FUN-USD, GAME-USD, GBYTE-USD, GNO-USD, GNT-USD, HSR-USD, ICN-USD, ICX-USD, IOT-USD, KIN-USD, KMD-USD, KNC-USD, LINK-USD, LKK-USD, LRC-USD, LSK-USD, LTC-USD, MAID-USD, MCAP-USD, MGO-USD, MLN-USD, MONA-USD, MTL-USD, NEBL-USD, NEO-USD, NLC2-USD, NXS-USD, NXT-USD, PPT-USD, QASH-USD, QRL-USD, QTUM-USD, REP-USD, RLC-USD, SALT-USD, SC-USD, SMART-USD, SNGLS-USD, SNM-USD, SNT-USD, STEEM-USD, STORJ-USD, SUB-USD, SYS-USD, TAAS-USD, TRX-USD, UBQ-USD, USDT-USD, VEN-USD, VERI-USD, VTC-USD, WAVES-USD, WINGS-USD, WTC-USD, XEM-USD, XLM-USD, XMR-USD, XRB-USD, XRP-USD, XUC-USD, XVG-USD, XZC-USD, ZEC-USD, ZEN-USD, ZRX-USD
Buy and Sell Cryptocurrencies Every Trading Day
The Cryptocurrency trade plans are emailed to subscribers each Monday morning. The most important is that these are what we consider as low-risk high-reward Cryptocurrency trade plans with current strong upward price movement.
Picking Cryptocurrencies Ready for Price Moves
The service selects Cryptocurrencies that have begun and or already have started an initial strong price uptrend or downtrend. Our proprietary Cryptocurrency trading system picks selected Cryptocurrencies that are getting ready to make a potentially strong and extended price move after the initial beginning price move has begun thus reducing risk.
Cryptocurrency Trade Plans for Profitable Success in the Long-Term
The Cryptocurrency trade plans include buy or sell entry, stop-loss, and take profit price area targets.
On average for most Cryptocurrency traders is that trading results in one-third of your trades being profit winners, one-third being breakeven trades, and one-third being losing trades. The key to long-term trading profitable success is to keep your losers small and your winners large. This is done using trade management techniques using support resistance, moving averages, and ATRStop to name a few. Optimizing trade management can greatly increase overall gains and reduce total overall risk and increase returns. There are multiple trade management techniques that you can use, and we suggest you study and use them in your investing and trading to lessen risk, and maximize returns.
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The Invest2Success Cryptocurrency Advisory Trade Plans
Our Cryptocurrency trading system is proprietary and confidential system. Technically it's partly based on increasing decreasing accumulation distribution of the Cryptocurrency and other associated technical analysis of the price. The service attempts to capture relatively quick fast profits from Cryptocurrencies making short to intermediate strong price moves of one week to several months and possibly longer.
Remember: Stop-loss is a tool you use to keep small losses from becoming larger losses.