At Coin Inquire, we offer free Trade Signals & Analysis of Bitcoin (XBT) and other cryptocurrencies. Today Aug 3rd, 2019, we are beginning a new series of free Signals & Analysis for top cryptocurrencies including Bitcoin (XBT).
Buy-in: $9120 – $9520
Time frame: 4H
(1) $9800 -Reached 30-July (+26.08%)
(2) $10300 -Reached 1-Aug. (+68.24%)
(3) $10500 -Reached 1-Aug. (+85.12%)
(5) $10700 -Reached 3-Aug. (+102%)
(*) $10900 -Reached 3-Aug. (+118.8%)
Stop-loss: Close daily (1D candle) below $9000.
Liq. price: $8475
(Buy-in calculated at $9490)
Potential profits: 152.56% ROE
Capital allocation: 8%.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.