BIT USD Long trade
Updated
With the huge dip in bitcoin, many people could see bitcoin at a barging price which could lead to another rise in bitcoin and with risks of inflation a volatile cryptocurrency market could be something to see in the short future. Without historic data of cryptocurrencies reacting to inflation it's not really possible to know what will happen. Since there's a probability investors might see the rising price of cryptocurrencies as a safe haven to inflation or we could see cryptos losing their value relative to purchasing power just like a regular currency would.
Trade closed: target reached
we'll begin to see a some volatility in the market four the next couple of weeks before bitcoin continues to rise (if it does) the position should stay open if purchased at market value at the time it's just question of letting the trade run, but secure some profit from trades in the volatility and only trade up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.