Let's add one final pair to our "Multiple Your Bitcoins" series, because if we are talking about fast, Metal has the potential to grow fast in the coming days.
Just to match the June high we have more than 85% potential, which is great considering that this is a BTC pair. Metal (MTLBTC).
There are many ways to trade, you can ask any trader and he/she will confirm this.
It can be complex just as it can be simple, I like simple and easy.
This is chart reading, technical analysis but the information can be used in many different ways.
I am sharing my view, my opinion, my translation of the charts, the codes; financial hieroglyphs...
Some people use this information for entertainment, which is awesome. Some people use the information to learn to do the same, read the charts. Other people use the information for trading, others for news purposes, others plagiarise, etc., it is all great.
What I share is not intended as financial advice, it is meant for your own learning, entertainment and growth.
Here Metal vs Bitcoin is trading above all the long-term moving averages with rising volume... No confirmation is needed, the bulls are already in full control.
Things can change but for change something needs to happen, like a crash and close below support.
➖ As long as MTLBTC trades above 0.00004200 - 0.00004500, the bias remains up.
With this bias we can aim for the targets and that's my final goal.
If these charts can be approached in the correct way, your Bitcoins can double up.
You can check the 'Related Ideas' below for three more charts for quick Bitcoin portfolio growth.
Namaste.