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Beginners
Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
How to Choose an Online Trading Platform
Selecting a trading platform is one of the most critical decisions for any trader. But how do you ensure you're choosing one that's regulated, cost-effective, and easy to use? Understanding the key criteria can set you up for success.
What is Leverage in Financial Trading?
Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
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Bitcoin Intraday: the downside prevails as long as 72020 is resistance
Bitcoin (BTC/USD)
+590.49+0.83%
the downside prevails as long as 72020 is resistance.
72020 is our pivot point.
Our preference: the downside prevails as long as 72020 is resistance.
Alternative scenario: above 72020, look for 73130 and 73790.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71103 and 71204).
Supports and resistances:
73790 **
73130 *
72020 **
70824 last
69510
68850 **
68200 *
Our preference: the downside prevails as long as 72020 is resistance.
Alternative scenario: above 72020, look for 73130 and 73790.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71103 and 71204).
Supports and resistances:
73790 **
73130 *
72020 **
70824 last
69510
68850 **
68200 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
