Cryptocurrencies in 2020 Buy or Sell Long or Short

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A Screaming BUY Opportunity For Investing In Cryptocurrencies Until 2020

The great cryptocurrencies bull market resumes is what we wrote several weeks ago, and we flashed a BUY alert to our premium subscribers. Today, we are on record calling for a screaming BUY opportunity for investing in cryptocurrencies until 2020, this is why.

A couple of weeks ago we explained in this article why we believe cryptocurrencies are a BUY: Cryptocurrencies: A Must-See Chart Going Into May 2020. We said that the long term cryptocurrencies chart which incorporates the 8 largest cryptos reveals a couple of bullish things (chart courtesy GoldChartsRUs)

  1. The long term bull market is nicely in tact.
  2. The recent breakout of the strong sell off is over.
  3. As long as the price of the top 8 remains in the pattern annotated on the chart the great bull market goes on.

We have updated the chart, and embedded it below. The only thing we conclude during the ongoing ‘retracement’ is another opportunity to enter, nothing more nothing less.

Some of our premium subscribers are reaching out to us, asking what is going on with cryptocurrencies because of the recent retracement. Looking at the chart below we would argue that it is nothing more than a small blip, an entry point, more than anything else. This cannot be compared to the real retracement in January and February of this year.

Investing in cryptocurrencies until 2020: screaming buy signal

Let’s get things straight: as long as cryptocurrencies remain in the pattern that you see on below chart they are in great shape. Every time they come close to the lower area of the channel it is a BUY opportunity.

Regardless of how long the ongoing retracement may take, even if it turns out to be a consolidation, it is important to stay focused on the overarching trend, and that one points to higher prices until proven otherwise.

Yes, we are still convinced that our Bitcoin price forecast of 50,000 USD is still accurate, again, until proven otherwise. See our Bitcoin (BTC) chart.

Note that even in February of this year, when all cryptocurrencies like Ethereum (ETH) and many others, without any exception, crashed in the 70 to 80 percent range, we remained focused on our method, and concluded the following Cryptocurrencies in 2020: Long Term Bull Market Still Intact after we wrote this piece in January Cryptocurrencies: a Sea Of Red or a World of Opportunities.

The returns between now and 2020 can be amazing for long term cryptocurrency holders, provided they have chosen the top quality names. Although the potential profits are amazing, there is also ample opportunity to lose big time with cryptocurrencies.

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Think of cases like TenX coin, that has been falling relentlessly, also in terms of market cap.

Choosing top quality names in cryptoland is imperative.

Interestingly, we were quite sure to have found an amazing Cryptocurrency Tip, The Next Ripple, and, so far, it has been proven right, both from a chart perspective as well as from a fundamental (value) perspective.

We have designed a method which allows to find the perls among cryptocurrencies. After many hundreds of hours of research we are convinced this method works well, and results are being delivered ‘as we speak’.

How and When to Buy or Sell in Forex Trading

When it comes to buying and selling forex, traders have unique styles and approaches. This is because the forex market is one of the most liquid and largest in the world and as a result there is no one single way to trade.

Knowing when to buy and sell forex depends on many factors, but there tends to be more volume when markets are volatile because of the associated higher risk. This article will explore the concept of buying and selling currencies using practical examples as well as additional resources to boost your forex trading experience.

What it means to buy and sell forex

Buying and selling forex pairs involves estimating the appreciation/depreciation in value of one currency against the other. This could involve fundamental or technical analysis as a foundation of the trade. Once a basis has been formed, the trader will look to other technical and fundamental aspects. Key levels of entry and exit will follow, keeping in mind risk management processes.

Factors which affect currency pairs

Government instability, corruption and changes in government can affect the value of a currency – for example, when president Donald Trump was elected the Dollar soared in value!

From a fundamental standpoint , forex traders keep a close eye on unemployment figures, GDP, monetary and fiscal policies (just to name a few) which have influence over the value of currencies. Our economic calendar shows upcoming events which may shake up the financial markets.

Technical traders tend to favor key price levels ( support & resistance ), trends and other indicators to form a basis for their forex trades.

How to buy and sell EUR/USD

Using the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD at the same time. As an example, if the EUR/USD pair was bought at 11300 and the pair moved up to 11504 at the time that the trade was closed/exited, the profit on the trade would have been 204 pips . This is shown in the chart below.

In this example the technical perspective was utilized:

  • Entry level – Morning star candlestick pattern shows a potential entry point, which was substantiated by the use of the RSI indicator which displays an oversold signal.
  • Exit level – Using key price levels of to set initial take profit level.

Similarly, a fundamental trader could trade the USD/JPY currency pair by following political and economic news. For example, if a fundamental trader expected the Fed to hike interest rates , this may attract greater foreign investment into the US, and thus more demand for the home currency (USD). The trader could then look to enter into a long (buy) position in anticipation of the USD to appreciating in value. Of course, this is not absolutely certain as economic principals/theory do not always translate to real world conditions. Taking short positions on forex pairs is slightly more complex as opposed to buying. Read more on how to short forex to gain more insight.

Understanding risk management when buying and selling forex

Risk management is essential to longevity in forex trading. This does not simply include a positive risk/reward ratio but understanding the potential swings in volatility as well. Factors affecting forex pairs can have significant impacts at times so preventing adverse effects on your trade can be managed by implementing proper risk management techniques. Buying and selling forex can be complex, therefore understanding the mechanics behind it, such as h ow to r ead c urrency p airs , is essential prior to initiating a trade. We also recommend reading our forex guide for beginners to get a crash course on the basics of forex trading.

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