JOIN OUR MAILING LIST
Assessments / Blog
The Crypto market has been more volatile since the introduction of Bitcoin Futures on the bigger regular exchanges and we had some volume peaks as new participants enter this exiting digital currency market, with holiday profit taking and the normal “fear” and “greed” phenomena clearly visible in price action. The more recent price action looks a lot like as Wyckoff put it, shaking out the “weak hands”.
As long as the $11500 level holds, we should see $18500 (maybe as soon as the weekend) and our longer term target sits at $24000.
Verge (XVG) has risen about 12 times higher to a high of 0.00001977 since our report on the 15th of December and is currently trading at 0.00000878, falling back more than 50% from the high.
Humaniq (HMQ) is currently at a good level for a buy, in our view a Crypto with lot of upward potential, trading at 0.00003825.
The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.
Trading Forex, Stocks and Options, Futures and any Cryptocurrency, Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.
|Back||Back to top|