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For me this declination of bitcoin price now was still part of the tough corrections that needed in order for another price recovery. That's my perception and I don't contradict to other's idea, because we're independent with our outlook with bitcoin. We can say any definite observations based on how we feel and observe.
There will definitely always be corrections, but now it looks like we have a downward trend forming. |
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You correctly noticed. Most likely this is not a reversal of the market on a bearish trend, but only a correction wave, as a stage of a bullish trend. In any case, such waves are a natural phenomenon in the market, they are the result of strong growth that was before them.
Great catch, but what I am seeing now is even more downwards momentum. |
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I think the bitcoin chart will be more negative. As you can see, there are no longer any resistance levels and orders that are seemingly relaxed. And with just a bit of bitcoin from whales, they can make the price of Bitcoin down to $ 8k easily.
I think we should not buy much now. Break down your capital and buy at different prices. That is how to optimize profits and risks.
The Bitcoin chart is looking a negative now. We may be seeing a newly formed downwards trend. |
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Why Bitcoin is Declining? And What’s Next?
It’s important to emphasize that the current downward move we’re seeing right now is a corrective wave within an upwards trend, and not a trend reversal.
In case of BTC, a hypothetical decline below a significant support at $7,500 would send a strong signal of a possible trend reversal. The retracement we’re observing now is a ‘market noise’ - meaning, it is a short-term trading volatility that does not alter the long-term trend for Bitcoin . In bull markets, corrective waves occur regularly, since any price trend, by definition, consists of a series of waves and counter-waves.
Both technical and fundamental approaches to market analysis indicate a positive long-term outlook for Bitcoin. Currently, the price is adjusting downwards closer to its mean value (i.e. central tendency), which creates a good opportunity to buy Bitcoin with a ‘tight’ stop-loss, thus ensuring an attractive risk/reward ratio. The fundamentals of the Bitcoin network are improving every month - we are seeing increasingly higher numbers of Bitcoin active wallets, Bitcoin daily transactions, and Bitcoin hash rates, all of which indicate an increasing demand for Bitcoin . For example, an increase in the number of Bitcoin active addresses used is associated, by definition, with an increase in global adoption and use of Bitcoin. This translates into increased demand for Bitcoin, which leads to an increase in Bitcoin market price. Since the trend of improving fundamentals continues upwards, we’re expecting to see further price increases of Bitcoin . Active Trade Signal:
- Buy at $10,000
- Take-profit at $15,000
- Stop-loss at $8,000
- Forecasted P&L: $50,000 per 1 lot with 10x leverage
- Risk/reward ratio: 1:2.5 (very attractive) The representation is very well explained, I couldn't agree more to that since chart showed very extinsive market changes. It visualized the true market capability which I think for reasons that all traders who been long term holders grabbed those spiking price, yet dumped it quickly without thinking for another waits. Furthermore, I couldn't state what's next to happen so I need to monitor closely. We are also keeping a close eye on the movement and we hope it continues the upward trend. |
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Why Bitcoin is Declining? And What’s Next?
It’s important to emphasize that the current downward move we’re seeing right now is a corrective wave within an upwards trend, and not a trend reversal.
In case of BTC, a hypothetical decline below a significant support at $7,500 would send a strong signal of a possible trend reversal. The retracement we’re observing now is a ‘market noise’ - meaning, it is a short-term trading volatility that does not alter the long-term trend for Bitcoin . In bull markets, corrective waves occur regularly, since any price trend, by definition, consists of a series of waves and counter-waves.
Both technical and fundamental approaches to market analysis indicate a positive long-term outlook for Bitcoin. Currently, the price is adjusting downwards closer to its mean value (i.e. central tendency), which creates a good opportunity to buy Bitcoin with a ‘tight’ stop-loss, thus ensuring an attractive risk/reward ratio. The fundamentals of the Bitcoin network are improving every month - we are seeing increasingly higher numbers of Bitcoin active wallets, Bitcoin daily transactions, and Bitcoin hash rates, all of which indicate an increasing demand for Bitcoin . For example, an increase in the number of Bitcoin active addresses used is associated, by definition, with an increase in global adoption and use of Bitcoin. This translates into increased demand for Bitcoin, which leads to an increase in Bitcoin market price. Since the trend of improving fundamentals continues upwards, we’re expecting to see further price increases of Bitcoin . Active Trade Signal:
- Buy at $10,000
- Take-profit at $15,000
- Stop-loss at $8,000
- Forecasted P&L: $50,000 per 1 lot with 10x leverage
- Risk/reward ratio: 1:2.5 (very attractive) |
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Zero Commission Trading Is Now Live on MONFEX Monfex has done a lot while pursuing our goal of democratizing trading - and we’ve just taken one more step! Starting now, and until July 1st, Monfex is offering ZERO commission trading! No commissions will be applied when opening a position, regardless of trade size.
Why are we doing this? Making trading and investing available to everyone is our goal, and right now, there’s a historic opportunity available in crypto trading - and that is the 2019 bull run. In the past three months, Bitcoin’s price has jumped more than 100% - and it doesn’t show any signs of stopping!
We don’t want this opportunity to go to waste, so we’re focused on making trading available to absolutely everyone. That’s what’s driven all of our product decisions so far, and it will continue to do so - so take advantage of zero commission trading on Monfex today!How do zero commissions help? Previously, when opening a position, 0.075% of the size of your trade had been retained as a commission. With zero commission trading, we’re removing this extra cost, meaning more money will be saved on your account and you’ll be generating higher returns in each trade!
We’ve already made trading more accessible with our easy to use interface and accessible learning materials to help anyone become an expert trader, so making our platform zero commission was the next logical step.What does zero commissions really mean? Zero commissions mean just that - unlike other platforms, who may take a commission every time you open or close a position, or even for just having an account, Monfex is charging you absolutely nothing!
Commissions can play a large role in deciding whether a particular trade is profitable, and even technically profitable trades can lose money after commissions and fees. But Monfex is taking away that extra calculation, and making sure that any profits you make stay yours.Trading on Monfex is easier than ever! We started Monfex with the goal of taking trading out of the hands of specialists and opening it up to everyone. We want to give all of our clients, and anyone who wants to trade, the opportunity to profit off of cryptocurrencies, especially when there are exciting bull runs like the one we’re seeing now in Bitcoin.
In addition to our zero commissions, we’ve made the process of trading as easy as it can get - and we’re hard at work making it even simpler!- Open an account in just minutes.
- Purchase BTC, ETH, USDT with your credit card
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It’s as simple as that. Trading used to be limited to wealthy investors and major hedge funds - but with Monfex, you can now take advantage of major trends in the market, and turn a profit, without having to be an expert! Take advantage of our cash bonuses, zero commissions, and up to 50x leverage and maximize your profitability. |
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Get Creative And Win An iPhone XR!! We’re ecstatic to give away a brand new iPhone XR! If you’re the type of extraordinary person who likes to trade while on your motorcycle or even while hanging off the side of a mountain, let the world know! “Get Creative with Monfex!” by recording a video of your unique trading style!! JUST FOLLOW THE STEPS BELOW…..    The competition ends at 11:59PM GMT on February 28, 2019,
and the video with most amount of views will become the winner! Good Luck Everyone! *The Monfex trading interface needs to be visible and clear on your device.
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*** Only entries submitted in English will be considered. |
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What leverage do they offer?
We offer up to 50x leverage on 12 top coins - Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, Zcash (ZEC), Monero (XMR), OMG, NEO, Ethereum Classic, EOS, Dash (DSH)! |
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I`m US resident. Any advice on that?
Unfortunately, Monfex services are not offered for residents of the United States |
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What leverage do they offer?
Hello. At this time we offer up to 50x leverage. |
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Did anyone see their withdrawal policy? What are the fees and limits?
Helo. You can see our withdrawal policy in "Withdrawal " section right here https://www.monfex.com/faq, there is no withdrawal fee. If you have any other questions, let us know |
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I can't find Monfex's affiliate program. Guys from Monfex - do you have it? If no, please, reach out to me when you'll launch this tool.
Hello. We are working on our Affiliate program right now. Will let you know when we finished. |
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Is it a regular exchange? Sorry, I got confused.
Hello. It`s not a a regular exchange. Monfex is a cryptocurrency trading platform that enables users to trade cryptocurrencies with up to 50x leverage. |
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Thank You For Your Reply. You are welcome. Feel free to ask any questions, and thank you for your support |
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They want to bring a a huge changes to the sector. We`ll see... Hey, buddies! Anything that will make you lot of money always seems foolish and too simple to be true. But I've known some guys from Monfex team and believe me they know what to do. Don't be gullible people like other but pay attention for them. You can check their product deeply and I swear - you won't be disappointed. Thank you for your feedback |
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How can I fund my account? Crypto only?
We plan to take fiat deposits soon, but at this time we only take Bitcoin deposits. If you don’t have Bitcoin and don’t know how to get it, check here https://www.monfex.com/faq in the funding section. Thank you, and feel free to contact us if you have any further questions. Thanks.I was looking for this answer.Thanks again You are welcome) |
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Support team is fast and helpful!
Thank you for your feedback on our support team! |
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How can I fund my account? Crypto only?
We plan to take fiat deposits soon, but at this time we only take Bitcoin deposits. If you don’t have Bitcoin and don’t know how to get it, check here https://www.monfex.com/faq in the funding section. Thank you, and feel free to contact us if you have any further questions. |
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