Free Bitcoin Price Trade Plan Forecast Update
October 21 2019 Update:
Bitcoin today is currently popping higher. Major price resistance stands between 8,340 to 8,563.
Accumulation distribution indicators on the weekly timeframe continues to be negative. On the shorter daily timeframe it is slightly negative with the potential to attempt to go higher.
Our Bitcoin sell-short trade plan below is still in effect unless the stop-loss price area is violated.
See below for the latest news on Bitcoin and Cryptocurrencies.
October 14 2019 - Bitcoin Low-Risk High-Reward Sell-Short Trade Plan
Sell-Short Entry: 8,354.00 to 8,194.00
Take Profit Price Areas: 7,002.85 to 6,722.49, 5,800.32 to 5,579.80, 4,156.46 to 4,016.13
Financial instruments go up, and down. Make money by short-selling when prices are going down.
Bitcoin Losing Its Appeal and Price
October 14, 2019 - Bitcoin No Longer Seen as the Driving Force in Crypto Market By Bloomberg
Indexica points to a growing cryptocurrency ecosystem.
Moves spurred by competing coins, new blockchain technologies.
Bitcoin has plunged more than 30% since hitting a year-to-date high. That fact is clear, but explaining why the world’s largest digital currency has lost momentum in the second half of the year is anything but.
Some, like JPMorgan Chase & Co. have pointed to Intercontinental Exchange Inc.’s new futures contracts and an unwinding of long positions as likely culprits for the nosedive. Others have pointed to a buildup of technical bearish signals as setting off its summer swoon.
Indexica, an alternative data provider, has a different take. According to their predictive index built on data from Aug. 1 through Oct. 1, Bitcoin’s fall has less to do with the currency itself and more to do with a growing cryptocurrency ecosystem.
Indexica data shows Bitcoin's price subject to broader market actions
According to their latest findings, Bitcoin’s price moves are being driven by competing digital currencies and new blockchain technologies. Indexica’s study showed talk around Mastercard’s partnership with R3 to develop a new blockchain payment system as a strong driver of recent returns.
That’s not necessarily a bad thing.
Zak Selbert, chief executive officer at Indexica, says Bitcoin’s sensitivity to the development of competitors is just another sign of a coming of age. In a new development, Indexica found that Bitcoin’s strongest predictive measure was its “quoteability,” which showed that it was most often talked about in conjunction with more traditional currencies.
“Now that Bitcoin is a big kid, anything can make it move, just like anything can make gold or a G-10 currency move,” said Selbert. “Bitcoin is part of the financial landscape in a very intertwined and mature way.”
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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
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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.
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