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    Home»News»Bitcoin Surged over 10% and how You Could Have Made $650 in 15 Minutes
    News

    Bitcoin Surged over 10% and how You Could Have Made $650 in 15 Minutes

    Zach WrightBy Zach WrightJuly 19, 2019Updated:July 19, 2019No Comments2 Mins Read
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    Bitcoin price jump on a 5-minutes trading chart.

    Yesterday Bitcoin jumped $1,000 in just over two quarters of an hour. You can see the jump in the SimpleFX WebTrader’s five-minute chart. Of course, major altcoins followed.

    [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL Bitcoin[/button]        [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY Bitcoin[/button]

    What a great opportunity for a margin trade with high leverage it was. However, to make the most of it one needed to get on the rising price wave very quickly. Of course, major altcoins followed.

    Ethereum also appreciated substantially, gaining almost 10% in less than an hour. A 5-minute ETHUSD SimpleFX WebTrader chart.

    The major hypothesis for the cause of the rise was a series of closing some large profitable short BTCUSD positions on July 18, around 15:00 UTC after. The transactions on OKCoin exchange were reported by @WhaleCalls twitter bot account.

    The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported by bot powered twitter handle @WhaleCalls.

    [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL Ethereum[/button]        [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY Ethereum[/button]

    How much would you make if you had your SimpleFX account ready and traded during the surge? Let’s say you decided to go in after the first really spectacular green candle closed at $9629 just for one unit of BTCUSD. If you closed the order after 15 minutes at $10277, you’d earn $648 in just 15 minutes.

    Try to count it yourself using the SimpleFX Trade Calculator. Here’s where you can find it. It’s only available in the desktop view of our web application.

    Use SimpleFX Trade Calculator to plan orders and see the profit you can make margin trading with different leverage.

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    Previous ArticleThey laughed at Bitcoin and now the tables turned. Blockchain VC money slows down
    Next Article XAU on the Rise as Sub-Zero Yields May Have Sparked a Gold Rush
    Zach Wright

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