Bitcoin Price Analysis for Making Profitable Trading

Now that Bitcoin is trading above $ 2000 a lot of new people are willing to enter into trade and make money. However, they must learn the fact that without the right trading ideas and tools they won’t receive the desired success. This is why the importance of Bitcoin price analysis and similar other research work goes up.

Needless to say over the past few months, a number of articles on the topic of Bitcoin price rise have been published all around the world. Some claim it is due to global liquidity, some say it is because people see bright future for the cryptocurrency. Whatever the reason, the Bitcoin price analysis shows that the cryptocurrency is going to move up further in coming years.

It must also be mentioned here that with knowledge of price action, traders can perform a wide range of technical analysis functions without the necessity of any indicators. They can do Bitcoin price analysis to reach into conclusion that tells them about the movement in the price. Depending upon the momentum, traders may take positions while trading Bitcoin.

Professional Analysis With the Help of Tools

A lot of traders know and even believe that it is perhaps more important to know the trend and trade the trend than any other method for making money. In fact, price action can assist traders with the management of risk. With Bitcoin price analysis they are able to predict the movement and take positions based on the movement.

Needless to say whether that management is setting up good risk-reward ratios on potential setups, or effectively managing positions after the trade is opened. It is essential to understand that analyzing and grading trends is important for traders. The first area of analysis that traders will often want to focus on is diagnosing the trend.

Subscribing to Bitcoin Price Analysis from Experts

It is equally important to understand that in Bitcoin price analysis the experts look at how traders can notice higher-highs and higher-lows in cryptocurrency pairs to denote up-trends. Portals like Live Bitcoin News have teams of experts who bring in the updated analysis to guide traders make sound decisions for higher returns.

For instance, with analysis of lower-lows, lower-highs, higher highs, resistance points, support points, etc. they make Bitcoin price analysis useful. Notwithstanding what with the help of newsletters containing the technical analysis traders can make profitable trading decisions while trading Bitcoin.

You may also read about Top Bitcoin Brokers

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Trading Professionally With Bitcoin Price Charts

Whether it is Forex or Bitcoin, trading with the help of charts can be a great idea for traders. Needless to say a chart showing the movement of a pair is a very basic tool in the trader’s arsenal as well. Notwithstanding what the Bitcoin chart is simply a graphical story of what a particular pair has been doing over a certain time period.

It must also be admitted that Bitcoin price charts are here to help traders in their pursuit to make profitable trading decisions. Every such chart will have the pair it depicts on it whether it’s EUR/BTC or USD/BTC. Along the bottom of the chart (the X-axis) will be the timeline and the period may be 15 minutes to a day to a week, or even a month.

Notwithstanding what the time period can be chosen by the trader to make a lot of sense while trading the cryptocurrency. Even experts admit that there are services providers like NewsBTC that deliver best in the industry reliable Bitcoin price charts. The reason why the chart is so useful is that it graphically depicts how a cryptocurrency pair is going.

Easy and Professional Trading with Bitcoin Price Charts

Determination of success or failure depends a lot on how immaculate planning a trader does for trading the cryptocurrency. It is essential to understand that for easy and professional trading with Bitcoin price charts are fundamental as it is easy to be able to look at a chart and decide whether the pair is in an uptrend, a downtrend, or going sideways.

Notwithstanding what knowledge of the current trend is one of the most trusted techniques traders use to make their trading decisions with respect to Bitcoin. In fact, with Bitcoin price charts traders are able to make informed and rational decision. It is essential to know that rational decisions are important for long term gain from trading Bitcoin.

Bitcoin Price Charts from NewsBTC

Trading with the help of Bitcoin price charts is fast becoming crucial for a lot of traders as with them they are able to do predictable trading. Interestingly, finding charts isn’t very hard. They are all over the internet on brokers’ websites, forums, or other related websites. These types of charts are extremely useful if traders need them badly while trading.

For serious traders it is important to have access to Bitcoin price charts as without them they would not be able to make profitable trading decisions. Viewing trends on a chart is only one advantage for being able to read a chart.

Find the real time Bitcoin price charts for lucrative trading.

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Buy Bitcoin for Cheap and Sell at Higher Price to Book Profits

Bitcoin is catching popular attention for various reasons. Whereas some people are enthusiastic about its future, there are some people who think it is being used by some criminals who want to have control over contraband activities. There are a lot of people who sell and buy Bitcoin and make profits in the process. However, there are a lot of questions on the legality as well.

Needless to say in a recent court decision judge in Florida dismissed criminal charges against a man accused of selling $ 2,000 in Bitcoin. The man was charged with running an unlawful money services business, and two counts of money laundering. There have been a number of such instances where people were charged for money laundering when they buy Bitcoin or sell it.

It must be noted that as Bitcoin is the brand new currency that has recently come in financial technology world, a lot of people are skeptical about the future. Some people are not actually aware of what it is and how it can be useful forget about how to buy Bitcoin. Thus, the first concern is to let the people know about Bitcoin and other similar cryptocurrencies.

Finding Out the Bitcoin Exchanges

When users want to buy Bitcoin, they should look for trusted Bitcoin exchanges that can help them in the process. Needless to say buying Bitcoin is similar to the US Dollar, Peso or any currency for that matter. However, the difference between Bitcoin and other currencies is that a single government or a single company cannot control it.

Notwithstanding what Bitcoin is a decentralized peer to peer currency which has popular attention and all set to revolutionize financial technology for good. It is connected to the computer of every individual working with it. In short, it is digital currency and there is no need of a central bank for performing transactions using this currency.

Bitcoin Exchanges Where Users can Buy Bitcoins from?

Bitcoin exchanges provide the much needed services to help users buy Bitcoin. Some popular names like BitBay are known globally. It is the biggest BTC, LTC and ETH exchange and according to several reviews provides a safe platform to trade and exchange BTC to PLN. It has multiple withdrawal and deposit methods as well for better services.

Needless to say Kraken is another Bitcoin exchange that delivers best in the industry trading services and helps users buy Bitcoin. In fact, it is top European based exchange and offers a variety of fiat to Bitcoin pairs such as JPY, EUR, GBP and USD.

The Role of Bitcoin Price Charts

Though there can be various roles for Bitcoin price charts, the fundamental role that appears the primary is that using this tool a user can know when the right time to enter into the market is. For instance, using the right Bitcoin price chart, you can buy or sell the digital currency and bet whether the prices will fall or rise up to the new levels.

Nonetheless, Bitcoin is the world’s current front runner in the Crypto Currency market and have been making some serious headlines, and some serious fluctuations in the last 6 months. Since the crisis in Greece, the Bitcoin went up and then fell, it appears, the exchange rate is determined a lot by the global financial situations.

Buy Bitcoin but Read the Latest Bitcoin Price Chart

As has been mentioned above almost everyone has heard of Bitcoin and almost everyone has an opinion whether the digital currency has prospects or no. Needless to say some can’t fathom the idea that a currency with any value can be created from nothing, whilst some love the idea that something without Government control can be traded as a valuable entity in its own right.

Where you sit on the “Should I Buy Bitcoin?” fence probably ultimately boils down to one question and that is whether you can make money selling them later on. However, with the help of latest Bitcoin price charts, you can make predictable decisions. If you are a trader who wishes to make profits trading the digital currency, this tool is a great solution.

Bitcoin Price Charts are emerging as the Right tools

Needless to say it is the right time you understand the role of the trading tools like Bitcoin price charts as they are like any other currency charts that are being made popular among the traders who wish to make informed decisions. Needless to say some portals bring the latest and updated Bitcoin price charts for traders and help them make informed decision as well.

However, you need to search or find out which are the organizations that you can trust for the latest Bitcoin price chart. Traders can monitor the price of Bitcoin in real time, as averaged from several Bitcoin exchanges. At the same time it important to notice that as Bitcoin price charts can convert Bitcoins to USD and display the prices, even ordinary traders can understand.

Skylar Johnson works as a creative content writer at Newsbtc for last 6 years. With his detailed blogs and articles, provides latest Bitcoin news, Price Charts, Analysis and tips on how to trade Bitcoin to make profits online.

Read more the Latest Bitcoin News, Price Charts and Analysis for Professional Trading

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BitCoin Halving – How it Affects BitCoin Price

We will soon be upon the BitCoin Halving Event. There is allot of speculation going around about the significance of this event and how it affects the price of BitCoins. This article will explain what the BitCoin halving event is all about and how it affects the BitCoin community.

BitCoin Halving – Keeping The Limit

There is a limit to the maximum amount of BitCoins that can ever be created. The BitCoin protocol dictates that BitCoins are generated in blocks. It also dictates that the number of BitCoins generated per block is set to decrease geometrically (by 50%) every 210,000 blocks.

What does this mean with regards to BitCoin generation? Approximately 6 blocks are generated on average within an hour and halving takes place once every 210,000 blocks. This means that there will be a halving event approximately every four years.

BitCoin Halving and BitCoin Mining

People who partake in performing BitCoin computations (mining) are rewarded with BitCoins. So how does this event affect people who mine BitCoins? The reward for mining BitCoins will be effectively cut in half. So if each miner is rewarded with 25 Bitcoins for solving a block, after the halving event, he will be rewarded with 12.5 BitCoins per block.

The BitCoin protocol dictates that a total amount of 21 million BitCoins will ever be created. This goal is expected to be achieved by the year 2140. The BitCoin halving event is the method that is used to ensure that this goal (and this limit) is achieved.

Why BitCoin Halving Is Necessary

The following is a quote from Vitalik Buter from BitCoin Magazine:

“The main reason why this is done is to keep inflation under control. One of the major faults of traditional, “fiat”, currencies controlled by central banks is that the banks can print as much of the currency as they want, and if they print too much, the laws of supply and demand ensure that the value of the currency starts dropping quickly.

Bitcoin, on the other hand, is intended to simulate a commodity, like gold. There is only a limited amount of gold in the world, and with every gram of gold that is mined, the gold that still remains becomes harder and harder to extract. As a result of this limited supply, gold has maintained its value as an international medium of exchange and store of value for over six thousand years, and the hope is that Bitcoin will do the same.”

As you can see from the above mentioned quote, the importance of maintaining a limited supply of BitCoins is paramount in maintaining its value as a viable alternative to fiat currency. Without the BitCoin halving event taking place, then we might as well just continue using wasteful paper currency.

BitCoin Halving and The BitCoin Community

So this brings us to the inevitable questions that are being asked around the world:

1. How does this event affect the BitCoin community?

2. How will this affect the BitCoin price?

When it comes to the question of price, there are only two scenarios that are being forecasted: the price will dramatically rise or the price will generally stay the same. At this point there is little to no chance of any dramatic price drop, since BitCoins are following the same economic rules of demand and supply.

This same debate took place before the Bitcoin halving event back in 2012. The result was that nothing actually happened to the price. But keep in mind that the BitCoin community in 2012 was much smaller than it is today. When it comes to commodities, it’s a known fact that past trends cannot accurately predict future trends.

Previous trends have shown that the BitCoin price tends to be more affected by external economic forces, rather than by the halving event. The BitCoin halving event takes place approximately every four years. Whether or not this event would play a role in drastic price changes, remains to be seen.

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