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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: look for a drop towards 70860 before a bounce
Bitcoin (BTC/USD)
+286.00+0.40%
look for a drop towards 70860 before a bounce.
Our pivot point stands at 70860.
Our preference: look for a drop towards 70860 before a bounce.
Alternative scenario: below 70860, expect 69750 and 69080.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 71888 and 71804).
Supports and resistances:
74590 *
73920 **
73260
71922 last
70860 **
69750 *
69080 **
Our preference: look for a drop towards 70860 before a bounce.
Alternative scenario: below 70860, expect 69750 and 69080.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 71888 and 71804).
Supports and resistances:
74590 *
73920 **
73260
71922 last
70860 **
69750 *
69080 **
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.
