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฿ Bitcoin BTC/USD Daily Video, June 11, 2019

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 11, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    Our plan gradually is coming to culmination as BTC ends upside retracement to 8300$+ area. Then, as we expect, the major downside swing to 6400-6500$ should start:





    The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
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  2. haitrong

    haitrong Recruit

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    I want to ask you about bitcoin. Difference is buy and sell 50$ in bitcoin. That is: sell 7846.13 and buy 7797.77. Is it right?
     

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  3. haitrong

    haitrong Recruit

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    How much is pip between buy and sell about bit coin? When that is: sell 7846.13 and buy 7797.77.
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    The spread depends on your retail broker. There is no strict rules to set the spread and your broker could vary it - widening and narrowing it depends on on volatility on the market. In your example 50$ is just 0.6%. Compares to trading of exotic currencies and crosses - this spread matches to average.
    So, I do not see here something extraordinary. Still, It is possible, I suppose to find brokers with tighter spreads or to trade it on special exchanges directly. Coinbase, for example applies fees:
    https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures
    You need to investigate this subject.
     

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