empty
 
 
13.12.2024 09:36 AM
Trading Recommendations for the Cryptocurrency Market on December 13
Bitcoin and Ethereum remain strong, trading near their highs with promising prospects of resuming a bullish market trend in the near term. While the hype around major crypto assets has subsided momentarily, cryptocurrency wallets associated with the Trump-backed project, World Liberty Financial, have accumulated tokens worth millions of dollars, leading to sharp price increases.

This image is no longer relevant

President-elect Donald Trump has emerged as a leading advocate for the project. His sons, Eric and Donald Trump Jr., serve as Web3 ambassadors, while Barron Trump holds the title of DeFi Visionary. Data indicates that World Liberty Financial has acquired $10 million in Ethereum (ETH) and $1 million each in Aave (AAVE) and Chainlink (LINK) tokens. Prices for ETH surged 7%, while AAVE and LINK jumped 30% amidst bullish market sentiment.

Over the past 12 days, the wallet has invested another $30 million, purchasing 8,105 ETH at an average price of $3,700.

Trump's wallet purchases of cryptocurrency assets are being made for a reason, and the new president's plans to develop the industry could lead to some pretty good financial results. With the rapidly evolving digital marketplace, political leaders' interest in cryptocurrencies is only growing. As an experienced businessman, Trump understands that supporting this area can catalyze economic growth and innovation, especially in light of global digitalization trends. The current situation in the cryptocurrency market also opens up new horizons for investment. Trump can use his image and influence to attract additional investment.

Amid Bitcoin and Ethereum's bullish rally, altcoin season is in full swing—an opportunity not to be overlooked.

As for the intraday strategy on the short-term crypto market, I will continue leveraging major pullbacks in Bitcoin and Ethereum, anticipating the medium-term continuation of the bullish market trend, which has remained intact.

As for short-term trading, the strategy and conditions are described below.

This image is no longer relevant

Bitcoin

Buy Scenario:

I will buy Bitcoin today when I reach the entry point near $100,200, with a growth target of $101,500. At $101,500, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, you must ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell Bitcoin today when the entry point reaches around $99,400 to fall to the $98,100 level. In the area of $98,100, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

This image is no longer relevant

Ethereum

Buy Scenario:

I will buy Ether today when I reach the entry point at $3934, with a growth target of $4000. At $4000, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, make sure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell ether today when I reach the entry point near $3898 with a downside target of $3827. At $3827, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Miroslaw Bawulski,
Especialista em análise na InstaForex
© 2007-2024
Bitcoin
Summary
Strong buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback