Each week you can win prizes just for posting Trading Ideas on SimpleFX WebTrader.
We’ve got the first winners of 2021. Congratulations. The reward ($25) will be transferred to their SimpleFX bitcoin accounts in January.
|danitani455||BTCUSD Technical analysis||$25|
SimpleFX trader danitani455 predicted the retracement (or trade change) on BTCUSD. The Trading Idea was published on January 3, 2021. Bitcoin was trading at $34,012 and danitani455 recommended selling:
After hiting the high ever, BTC is ready for calm down , we see it now up on the channel, next target will be at 30200 $ if it breaks it , so 26000$ will be good TP if we sell it now at 34000.After hiting the high ever, BTC is ready for calm down , we see it now up on the channel, next target will be at 30200 $ if it breaks it , so 26000$ will be good TP if we sell it now at 34000.
SimpleFX traders, who followed the advice, made a substantial profit. Well done!
Another SimpleFX trader abbounmeriem posted a Trading Idea suggesting shorting USDJPY on December 28, 2020. At the time the USDJPY was trading at 103.884
the price inside the channel, downside favored, after testing the dwon trendline, the price will go down to 102.70 area to test the major supprot before start the long journey again.
Traders who followed the advice and shorted the pair with high leverage could close the position today and make a 450% profit.
Additionally, the authors as mentioned above get $25 in BTC.
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