Bitcoin below the resistance level of 6450$ now it's price towards to 5800$ or 4800$ stay away from leverage trade - Crypto World - CryptoTalk.Org Jump to content
chrislynn

Bitcoin below the resistance level of 6450$ now it's price towards to 5800$ or 4800$ stay away from leverage trade

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Twenty-four high price was 6840$ and 24H Low price was 6208. And now currently price of bitcoin is 6238$ and it's means now bitcoin break the resistance level of 6450$ and now btc towards 6000$ or can be down to 4800$. So it's time to stay away from the leverage trading because this leverage can be washed your account and can be big loss for you.  It is depending on what the scenario of corona virus effected to the whole world economies. If this virus not gone from the world then btc can be low to 3700$ or 3100$.

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Thank you very much for warning us, investors not to invest in bitcoin and not to use leverage. Bitcoin is falling in price and this, respectively. We will wait for further prospects. 

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So it's time to stay away from the leverage trading because this leverage can be washed your account and can be big loss for you.  It is depending on what the scenario of corona virus effected to the whole world economies. If this virus not gone from the world then btc can be low to 3700$ or 3100$.Twenty-four high price was 6840$ and 24H Low price was 6208. And now currently price of bitcoin is 6238$ and it's means now bitcoin break the resistance level of 6450$ and now btc towards 6000$ or can be down to 4800$.

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I have already left leverage tradings on the Binance due to current price fall of the Bitcoins. Now I am completely focused just to buy and to hold the Bitcoins which can be further used to make the tradings. I am expecting Bitcoin price will be dropping to head towards $4800 .


 

 

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I don't think so that it will go down more. Bitcoun is trading and in trading there 400 to 500 gaps remains between high and low so i think it will go up. 

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I think is not the best moment where we can think that the Bitcoin price will rise or will be on the top higher price, the situation actual is not good for any market around the world, the unique goal right now for many people around the world is how to protect from corona virus.


 

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9 hours ago, chrislynn said:

Twenty-four high price was 6840$ and 24H Low price was 6208. And now currently price of bitcoin is 6238$ and it's means now bitcoin break the resistance level of 6450$ and now btc towards 6000$ or can be down to 4800$. So it's time to stay away from the leverage trading because this leverage can be washed your account and can be big loss for you.  It is depending on what the scenario of corona virus effected to the whole world economies. If this virus not gone from the world then btc can be low to 3700$ or 3100$.

If you know that BTC is going down, why would you short it with leverage so you would get more Bitcoin when it's going down?

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12 hours ago, chrislynn said:

Twenty-four high price was 6840$ and 24H Low price was 6208. And now currently price of bitcoin is 6238$ and it's means now bitcoin break the resistance level of 6450$ and now btc towards 6000$ or can be down to 4800$. So it's time to stay away from the leverage trading because this leverage can be washed your account and can be big loss for you.  It is depending on what the scenario of corona virus effected to the whole world economies. If this virus not gone from the world then btc can be low to 3700$ or 3100$.

I don't think Bitcoin will go down to 4,800$ again. It will stay in the sea of 6,000$ until the world finishes with Corona Virus and the crypto market recovers after that.

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Basically shorting might be a good opportunity right now. Even Jihan Wu came out with a statement that he now thinks the next bull-run will be delayed. Although I won't open any position right now, as I still wait for the Tether update on coinmarketcap. There will be pump and dumps and I just can't count on stop-loss or take profit that they will work on Bitmex or Binance.

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Expectations of the crypto market indicate that this price drop is a lull before the storm, but we must not forget that there is an epidemic that threatens the world and has negatively affected trade and the price of cryptocurrencies, we must expect a new decline and the rise will not be achieved before the end of this epidemic


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The price of bitcoin has started to go down a little in the last couple of hours. So far it has only dropped a couple hundred dollars let's hope it stays here or goes up 

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It’s really hard to tell every traders or coin preditctors.but, everyone hope always bitcoin price will up more.so, i'm also think positive about bitcoin price. 

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Future could be good if you know the next move of bitcoin but in general bitcoin could be short these days especially today we will knwo what the next target 5700 or 6800

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The price is getting lower today and the support line is collapsed that what I see it is a matter of time to the next Target 5700 then 5000 .

You can make a short trade but it is dangerous also .

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On 3/28/2020 at 11:14 AM, chrislynn said:

Twenty-four high price was 6840$ and 24H Low price was 6208. And now currently price of bitcoin is 6238$ and it's means now bitcoin break the resistance level of 6450$ and now btc towards 6000$ or can be down to 4800$. So it's time to stay away from the leverage trading because this leverage can be washed your account and can be big loss for you.  It is depending on what the scenario of corona virus effected to the whole world economies. If this virus not gone from the world then btc can be low to 3700$ or 3100$.

Well, it already reach $3000 last last week, so there's a big chance or possibility that it will go down again to that value. Let's hope that it will not happen and let's also hope that it will pump again. Because I believe that bitcoin will soon pump again and even it will face a major problem, it will always stand and will always be strong.

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Exactly the volatility of bitcoin is increased significantly in recent time so it's not a good idea to do leverage trading at this time, it's a very risky time to do even conventional trading.

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On 4/5/2020 at 10:11 PM, Jessica Karren said:

Exactly the volatility of bitcoin is increased significantly in recent time so it's not a good idea to do leverage trading at this time, it's a very risky time to do even conventional trading.

Thank you for your opinion, my friend, I think this should be used in the long run, even though we don't know how long it should increase, we should prepare it for maximum benefit.

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The coronavirus is not affecting bitcoin that much as many people predicted, bitcoin is just depends on the information and how much people talk about it.

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Bitcoin has now witnessed a noticeable price improvement as it currently equals $ 6,900 and this is a positive move for the movement of the currency


THINK POSITIVE

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The price actually  now rising. The price has fallen so far down because of the outbreak of the corona virus as the investors think. But maybe they  are right in this matter. The price has fallen now but the price is increasing and the market is getting it's  place again. So maybe it will be possible that the price will cross the 9k usd soon. It is almost 7 k usd now. 

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Desde principios de este año, el mercado de criptomonedas y el mercado de Bitcoin han sido testigos de fluctuaciones en los precios muy altos. La razón de estas fluctuaciones fueron muchas razones, la más importante de las cuales es la epidemia de Corona que se ha extendido por todo el mundo, además de la proximidad del medio evento. Creo que el precio seguirá siendo bajo hasta el final del medio evento


 

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The current crises the world is going through have a great impact on the price of digital currencies and bitcoin, but bitcoin is now starting to recover and I think the price will exceed the $ 10,000 in the coming days.

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6 hours ago, jekichchan said:

You can use leverage, but you need to use it when the price is at the very bottom. Take a leverage with a high coefficient and expect growth, you can make good money on this, you just need to catch a low price so that it starts to grow. This is very difficult to do, but the profit is worth it.

Yes, but if you have leverage and you can trade it. Suppose, if the price does not rise, then what happens to your order, which was placed on the shoulder. Will your funds remain?

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Bitcoin price is moving around 7000 right now . Bitcoin price can moving up. So we can easily make profit in short time but also it price goin chance in down also . So we can prepare for both situation.

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At that you can be completely sure of the direction of bitcoin, during my period of deliberation in the field of crypto more than I learned is that the price of bitcoin moves at random completely.

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