After nearly 18-month “Crypto Winter”, bitcoin price set a new 2019 high at around $9,400, then, started a downside correction against the US Dollar. Though BTC/USDT pair broke the $9,300 and $9,200 support levels early this week, the downward movement was limited and the price formed a swing low near $9,000 mark.
BTC price is currently surging higher and is trading above $9,700. If there is an upside break above $9,800 mark, the price could continue the upward movement in the near term, breaking the $10,000 resistance level.
As the bearish market bottom has been set and the bullish sentiment has once again returned to the cryptocurrency area, the opportunity for traders to become “bitcoin millionaire” beyond their imagination occurs again. Many well-prepared, well-researched and smart investors turned to BTC futures trading aiming at magnifying the profits.
How BTC Futures Trading Maximizes Profits?
With the bitcoin bull is back in control of the trend, the market has become highly volatile once again – Bitcoin market consolidates between $9,600 to $9,700, which is the perfect time to maximize profits by trading futures contracts.
BTC futures trading has become one of the most popular trends in the crypto market. Trading futures contracts with leverage allows traders to take positions much larger than the amount of assets they invested in. It enables investors to long-buying or short-selling BTC price based on their own analysis on the market trend. Moreover, with the help of leverage, the profits will also be amplified, however, so will the loss for wrong market prediction.
Bexplus exchange stands out as the popular bitcoin trading platform that offers BTC, ETH and LTC perpetual contracts with up to 100x leverage. Bexplus’s powerful trading tools, user-friendly design and fully-customizable trading interface have led to trading volumes on the platform to reach over 100K+ daily.
Investors can choose to go long or go short based on the market prediction. During larger price movements, a position taken on margin could result in the trader earning substantially more than what would otherwise be possible with trading the underlying asset on spot only. And during times of tightening trading ranges due to price consolidation, where prices often only fluctuate within a few percentage points until a breakout occurs. Investors can also amplify their profits by the help of 100 times leverage.
For example, if you invest in 1 BTC in 100x leveraged BTC futures contracts, 1 BTC = 100 BTC contracts:
Long BTC at the price of $9,700
Suppose that BTC price rises to $9,800, you will earn:
100 BTC ($9,800 – $9,700)/$9,700 = 1.03 BTC
Short BTC at the price of $9,800
If you predict that BTC price is going to decrease to $9,700, you may earn:
100 BTC ($9,800 – $9,700)/$9,800 = 1.03 BTC
Notice: Bexplus provides beginners 10 free BTC to try BTC futures trading
Bexplus Activities Offers Free BTC Earnings
Deposit Activity to Earn 100% BTC Cashback
To deposit BTC in the Bexplus account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more BTC deposit, the more bonus you will get. You can get up to 10 BTC as a bonus!
Read more: https://www.bexplus.com/activity/cash_back
Join Gift June Activity to Win Free Gifts
Joining Bexplus’s Gift June activity, you will have chance to win presents including, Apple watch, iPad, Kindle and etc. Not only can you make profits on BTC futures trading, but also get wonderful gifts.
Read more: https://www.bexplus.com/activity/gift_june
Earn Up to 72% Annualized Interest with Upgraded BTC Wallet
Balance in the upgraded BTC wallet will be calculated annualized interest which will be up to 72%.
Easy to get profits without trading!
Read more:
https://www.bexplus.com/activity/interest
For traders who are seeking opportunity to maximize the return they get from bitcoin trading, futures trading/margin trading is a good choice. If you haven’t traded BTC futures contracts before, Bexplus’s trading simulator is recommended.
The post Bexplus BTC Futures Trading – The Best Way to Become Rich in 2019 appeared first on Global Coin Report.
Read more at https://globalcoinreport.com/bexplus-btc-futures-trading-the-best-way-to-become-rich-in-2019/
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
