Sunday, January 29

Don’t Panic About Bitcoin’s 15% Drop, It’s Time to Profit


Bitcoin is down 15% in the last week and the wild fluctuations create more profit opportunities. Shocked by the following events in the last week, Bitcoin has plunged by more than 20% from January 20-24.

  • Russia proposed a complete ban on cryptocurrencies, including mining, trading, and use of cryptocurrencies. Other countries and organizations are also strengthening their supervision of cryptocurrencies.
  • To combat ongoing inflation, the US is reducing the dollar’s money supply through quantitative tightening, so the crypto market is also under pressure.

However, from January 24 to 25, Bitcoin was up more than 10% in 24 hours. As you can see in the chart below, since the afternoon of January 24, the RSI (Relative Strength Index) has been hovering above 50 and the MACD (Moving Average Convergence Divergence) has been almost in bullish territory, meaning that BTC has reversed its downward trend. . Now is a good time to buy. But how could we get more profit?

Since its inception, Bexplus has aimed to maximize and protect the profits of its users. In the interest of helping traders earn more, Bexplus offers three tools: 100X leverage, a demo account, a mobile app; Y two benefits: a 100% deposit bonus and a wallet with an annual interest of 21%.

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Instruments

100X leverage

With 100x leverage applied, you can use 1 BTC to open a 100 BTC position by going long (predicting the price of BTC to go up) or short (predicting the price of BTC to go down).

For example, in spot trading, if you buy 1 Bitcoin at the price of $35,000, and when it goes up to $40,000, you will earn only $5,000 in profit. While on Bexplus, if you invest in 1 BTC at the same price with 100x leverage, and the price of Bitcoin rises to $40,000, you have a chance to make a profit of $500,000 [($40.000-$35.000)*100 = $500 000].

demo account

Bexplus provides a demo account which exactly simulates real trading. Therefore, with the demo account, traders can practice their strategies more easily without any risk. There are 10 reloadable BTC in the demo account for traders to practice as much as they want.

Mobile app

The top-tier Bexplus app integrates all the necessary features and tools (real-time charts, a variety of indicators, news alerts, etc.) while maintaining a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Also, 24/7 notification could keep you updated with big price movements, making it easy to secure your positions.

Download the Bexplus app at Apple Store Y Google Play.

Profits

100% deposit bonus

Bexplus offers a deposit bonus 100% to each trader for more profit. For example, if you deposit 1 BTC, 2 BTC will be credited to your account. Please note that the bonus is up to 10 BTC for each deposit. The bonus cannot be withdrawn, but traders can use it as margin to open larger positions for more profit. The profit obtained with the bonus is withdrawable.

Wallet with up to 21% annual interest

Prices go up and down, but the Bexplus BTC wallet it is to protect and increase your assets. If you want to take a break from the ever-changing crypto market, you can turn to the Bexplus interest wallet. Provides 21% annualized interest. That is to say; if you deposit 1 BTC, you will get 1.2 BTC a year later. Without a doubt, that is almost the biggest interest in the industry.

Learn more about Bexplus

Bexplus is a leading crypto derivatives trading platform that offers futures trading with 100x leverage on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. Bexplus does not require KYC and is popular with over a million traders from over 200 countries/regions. In addition, it is safe because it is accredited by MSB (Money Services Business).

Trade on Bexplus and get the biggest profits! Register now.


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