Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
While Bitcoin and Ethereum prices have stabilized after a significant increase observed the previous day, MicroStrategy, one of the largest companies holding Bitcoin, has paused its asset accumulation since mid-September.
Despite this, the company announced an ambitious plan to raise $42 billion over the next three years to purchase more cryptocurrency. As stated by CEO Michael Saylor, the company is implementing the so-called "21/21 Plan," which involves raising $21 billion in equity and issuing $21 billion in debt over the next three years. "As a Bitcoin Treasury company, we plan to use additional capital to acquire more Bitcoin as a reserve asset to achieve higher returns," said the press release on the company's third-quarter earnings.
In mid-September, MicroStrategy announced the purchase of 7,420 Bitcoin (BTC) for $458.2 million, increasing its assets to 252,220 BTC, acquired at a total cost of $9.9 billion, with an average price of $39,266 per Bitcoin. At the current price of around $72,000, the company's Bitcoin holdings are valued at over $18 billion.
Bitcoin's prospects remain optimistic. However, any significant growth and breakthrough of record highs and sustained levels will likely depend on the outcome of the U.S. presidential election and Donald Trump's win. A win by Harris would likely be less favorable for the cryptocurrency market in the medium term.
For intraday trading in the cryptocurrency market, I plan to take advantage of significant dips in Bitcoin and Ethereum. I expect a bullish trend to continue in the medium term.
For short-term trading, the strategies and conditions are outlined below.
Buy Scenario
Today, I plan to buy Bitcoin upon reaching the entry point around $72,625, with a target of $73,900. Near $73,900, I will exit purchases and immediately open sales on the rebound. Before buying on the breakout, it is best to confirm that the Stochastic indicator is at the lower boundary, around the 20 level.
Sell Scenario
I plan to sell Bitcoin today if it reaches the entry point around $72,180, aiming for a decline to $70,900. Near $70,900, I will exit sales and immediately open purchases on the rebound. Before selling on the breakout, confirm that the Stochastic indicator is at the upper boundary, around the 80 level.
Buy Scenario
Today, I plan to buy Ethereum upon reaching the entry point around $2,667 with a target of $2,739. Near $2,739, I will exit purchases and immediately open sales on the rebound. Before buying on the breakout, ensure that the Stochastic indicator is at the lower boundary, around the 20 level.
Sell Scenario
I plan to sell Ethereum today upon reaching the entry point of around $2,632, targeting a decline to $2,560. Near $2,560, I will exit sales and immediately open purchases on the rebound. Before selling on the breakout, ensure that the Stochastic indicator is at the upper boundary, around the 80 level.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
