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Bitcoin Market as an
Alternative Market place.
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VALIDATED: As of DEC 28, 2016 - Bitcoin marks a high @959.95 in Asian session.
In our recent information on Bitcoin, the digital asset class and its single face value (BTCUSD) have continued to gain ground from the 789.70 dated Dec 19, 2016. And is trading @861.38 as of this writing. A difference of USD71.68 in a matter of 3 trading days shows its strength relative to other markets.
It has been awhile, yet the gradual rise from the low levels @232.00 in September 2015 have gone up until June 2016 have been in line more with the DOW and the USD Index. Price action analysis have showed that the increase in market volatility had the same metric effect for #BTCUSD.
Although with its similarity in price action, the technical perspective for the #BTCUSD has formed a 'Basin or others may call as a Cup w/o the handle'. Its gradual but well reinforced rally is aimed at the USD900.00 - 955.55 near term. But be cautious of the daily pullbacks in between session nearing the end of the week and month's trading. As it follows a degree of profit-taking at this period.'
Again trading the Bitcoin market is more focused as an alternating trade strategy as it carries a much higher degree of risk due to its volatility and susceptibility to its current market regulations. However it is well recognize now by the Luxembourg financial regulator, the Luxembourg Financial Industry Supervisory Commission (known as CSSF)
Cloud Chart: #BTCUSD
https://www.tradingview.com/x/quOjShfD/
BITCOIN #Trading & #Investment - Comparing Apples & Oranges
Trade with Caution! As Bitcoin carries a Higher Degree of Risk. And the ability to find and properly choose an "Alternative Market Place & Asset Class' to trade and level-off the Playing Field in today's market conditions. Be smart & safe ...Learn the real intricacies of trading the financial markets by having the right guidance.
ReplyDeleteAlternatives are available for sophisticated and accredited investors who may opt for a more stringent investment traded on the OTCQX; where we can find Bitcoin Investment Trust. As some banks nowadays are welcoming the Blockchain Technology that is the backbone in trading the global transactions of the Bitcoin market.
ReplyDeleteVALIDATED: Market & Price Call from DEC 19,- Update: #BTCUSD at 955.53, from 789.70 #GBTC at 121.00 from 110.00 respectively.
ReplyDeleteThe market has judged & validated our trade positions for the end of the 4th quarter of 2016. Before & After the fact! Calling it as it is! No Hype - No Fuzz Just the Task at Hand from a little less known veteran / strategist. Now we can call it a day & the year for 2016!
ReplyDelete#BTCUSDg Starts 2017 trading with a big bang above USD1000.00 What to start the year right smack above the objective with market sentiments positively moving prices. And this is in spite of the profit-taking and liquidation on #GBTC which tracks the main #BITCOIN market.
ReplyDelete