8 January Cryptocurrency trade idea: 3 coins to trade against Bitcoin


8 January Cryptocurrency trade idea below looks at short term trade idea of some Coins against Bitcoin. It’s for Crytpocurrency short term traders who speculate the market for profits. The ideas shared below are educational purposes only and not a call to action.

08 January, AtoZForex  – Over the years, more coins have been added. Less than a month ago, CME added Bitcoin Futures trading to the list of its instruments. There are exchanges where Crypto trading can be done. Bitcoin is the base currency which other currencies can be traded against it. Some of such exchanges are Poloniex, Bitfinex, Binance etc. It’s assumed that readers are familiar with this environment.

In the last update, we had three trade ideas on LTC/BTC, ICX/BTC and WAVES/BTC. LTC/BTC has not moved significantly yet, we will include it in to today’s ideas. ICX/BTC expected diagonal pattern was violated. WAVES/BTC moved as expected – gained 26% and over 19000 Satoshis have been in the favor of our idea as the two charts below show.

BEFORE.

6-7 January Cryptocurrency signals WAVES/BTC H1 (Click to zoom)

AFTER

WAVES/BTC Price chart, H1 (click to zoom)

If the rally continues to 0.001099, that will have been 55% or more gain. Good one there. Let’s do more today.

8 January Cryptocurrency trade idea: 4 coins to trade against BTC

LTC/BTC

8 January Cryptocurrency trade idea  LTC/BTC price chart, H1 (click to zoom)

Just like we had in the last update, the sideway triangle is still intact. A fast break could happen upside and make about 1,000,000 satoshis.

FUNBTC

FUN stands for Funfair and its traded on Binance and most other exchanges. The current price of FUN is $0.15 and has a market Cap of just above $600 million according to CoinMarketCap. With the chart below, I think there could be a good opportunity upside for the Coin pair LTC/BTC  despite FUN dropping about 9% today.

8 January Cryptocurrency trade idea FUN/BTC price chart, H1 (click to zoom)

The chart above shows an uptrend that’s still active. Price could be supported to push above 0.00001000 and move toward 0.00001880 with more than 850 satoshis for grasp – more than 80% rally. And lastly.

XRP/USD

This is not a pair against BTC. It’s the Ripple in US dollar. Price could rally and make more than 70% profit in the coming days as the chart below shows.

XRP/USD price chart, H2 (click to zoom)

You can read more from the Ripple latest price forecast. Stay tuned for more updates.

Note: Binance exchange price quote was used. Please confirm the prices with your favorite exchanges. Stay tuned for the next update.

Do you have other views in contrast to the ones listed or you want to compliment them further? let’s know by your comment below.

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