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Index Crypto.TOP - Consists of the three most popular crypto-currency pairs. Thus, the tool consists of:The total capitalization of all three cryptocoins has a phenomenal value - $ 540 billion. Separately, all mentioned instruments are very volatile, the index on them is not so aggressive in movements and is suitable for more conservative trade, it is also an excellent total indicator for predicting the movement of cryptocurrency in a whole.
1 - BTC/USD
10 - ETH/USD
5000 - XRP/USD
#2
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In principle, the index for major crypto-currencies almost completely duplicates the dynamics of Bitcoin, and from the point of view of technical analysis the price is also located in the lowlands near the purchasing area 12600,00-11915,00, this is namely this area from where we started growing at the end of last month . Basing on this information, it is not possible to exclude that the decline, which we observed in the last few days, is nothing more than a correction, as well as being a retest of that purchasing zone , from which we can pass to more or less substantial corrective growth by the length of another upward impulse equivalent to that which was earlier , or, more simply, we can work out a classical 3-wave at least up to 14,600.00. In the case of the beginning of development of this scenario, its goal will be to enter to the intermediate sales zone with a range of 15,000.00-14300,00 with possible further consolidation above 15,000.00 and moving to the next stage of growth, as well as a very strong level of resistance of 16700, 00. But a good signal for purchases will serve to fix the price above 13,000.00.
#3
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Well, the index for major crypto-currencies still went up according to the our plan, that means, that the price pushed off from the level of retest 12450,00 and due to the beginning of very good growth of Bitcoin the price has already managed to gain a foothold above 13500,00 and this is the strongest argument in favor of continuation of the upward trend within the total second impulse to the target level of 14560.00 with the entry into the intermediate sales zone of 14285.00-15000.00 with the potential consolidation above 15000.00 and further movement to a fundamentally important resistance level of 20000.00
#4
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The reaction of the index to the main crypto currencies did not make to wait after the first growth of Bitcoin. So the price in our instrument, according to the previous plan, began to break out upwards within the total 2nd impulse to the target level of 14590.00 which is located inside the intermediate sales area of 15000.00-14300.00 and it is very possible that we will be inside of the given area. Also, it is not possible to exclude the fact, that in the case of a stable strengthening of all crypto-currencies, we can easily make a consolidation above 15,000.00 which will undoubtedly open the way for further corrective growth right up to the resistance of 16500.00 which is also located in the sales area, whose range is 17420.00-16185.00. So right now everything indicates only the confident purchases of the index in question.
#5
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Surpassing our expectation, the index to the main crypto-currencies immediately managed to move one more powerful momentum above the fundamentally important level of resistance at 15,000.00, simultaneously updating a new high for the last month and a half, which in principle is an excellent signal that the corrective growth cycle will continue, only after a small correctional decrease at least to the area of the previous highs near 14000,00. On the other hand, it may happen that even a corrective decrease will not follow, since we form the graphic figure at the older timeframes - a "tapering triangle" and as we know that more often this is a sure sign of the continuation of the previous trend, which we has already become ascending. In the case of re-fixing the price above 15,000.00, then almost without any doubts we will get to the lower borders of the previous consolidation zone, up to level 16600,00.
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Various trading alternatives are available in front of the traders. Savings accounts, forex, equities, or various government bonds, etc. are all traditional investment fields in the current day. But with the advancement of finance field and technological development, newer form of investment derivative like forward, futures, option or SWAP and crypto currencies have been developed. No matter which type of investment you are choosing you must have sufficient knowledge about financial market tools and techniques.
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Cryptos are a great option for you to trade in weekends when the forex and stock market are closed, Cryptos volatility can also occurs at any time unlike the forex market which have low volatility when the session for the currency is not open. If you can stomach the risk and volatility in cryptocurrency, there are a great trading tool.
Always have realistic DREAMS!
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The major benefit to me for trading crypto is that the currencies can be traded at all times, both during weekends when the major currency market are closed and during the weekdays.
This is as a result of the decentralized ownership of the coins. And as such, no economy can claim or place restrictions on the current.
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