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Author Topic: Bitcoin Eyeing Key Resistance Levels  (Read 21 times)
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January 08, 2019, 03:02:26 PM

There are a ton of day traders in this market, but no one has the magical formula for predicting the price of Bitcoin. If you are bullish at the resistance level (I am for the short term), then you could do what a lot of the traders do. They buy Bitcoin near resistance level and then set semi-tight stop losses. You could do this at the support levels as well (assuming you are bullish). This way you predict your capital while also having skin in the game. Right now Nauticus is offering the cheapest trades on the market. They have .001% trading fees atm. This makes it easy to buy and sell Bitcoin all day long. If you don't like the way the market shifts, you can sell without really being penalized with outrageous fees.

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