Connect with us

Blockchain

Profiting from Crypto: Here’s a tool that’s actually useful

Avatar

Published

on

Introduction to Profit Farmers

It’s no hidden secret that Bitcoin has been on a record-breaking bull-run ever since PayPal announced they’d offer their users the ability to use Bitcoin and other altcoins for transactions.

This has led to numerous altcoins rising in value too, riding in the slipstream of Bitcoin’s big rush.

With all these crazy gains being reported, many of us are left wondering;

“How can I best capitalize on crypto’s opportunities without rushing in and making mistakes?”

Well, that’s precisely the question I’ll attempt to answer today.

There’s a crypto trading tool called ProfitFarmers that claims it can help you make more profitable trades without all the stress, staring into charts, and the years of experience otherwise needed.

Their website boasts no commissions or fees on your trades, complete honesty on how their tool functions and a 100% money-back guarantee in the event their tool doesn’t offer you profitable opportunities.

In light of that, you’d be wise to set aside the next 5 short minutes to look into ProfitFarmers with me!

What is ProfitFarmers? 

Put simply, ProfitFarmers is a subscription-based service that produces trading signals, which are complete instructions for trading a given coin pairing from entry to exit.

ProfitFarmers is integrated with Binance through an API, so all your trades and profits actualize within your own account on Binance. This also makes it possible for PF to place trade orders on your behalf, saving you time, hassle and preventing accidental errors!

PF’s integration with Binance means you only need to click on a signal from their dashboard, enter how much you wish to trade with, and let ProfitFarmers’ software handle the rest!

ProfitFarmers will perform your trade from entry to exit based on the information programmed within the trading signal.

This also includes a stop-loss function where ProfitFarmers will place an order to sell your coins if the price takes a turn in the wrong direction. Perfect for anyone looking to make their risk management less of a headache to keep ‘on good terms’ with!

With absolutely no commissions or fees on your trades, ProfitFarmers is one of the few platforms where you can make trades knowing 100% of the profits you make are 100% yours to keep.

Better yet, thanks to their 100% money-back guarantee, you can join ProfitFarmers with the assurance that you WILL be presented with a fair amount of trading signals that offer a profitable opportunity each month.

Tools for more experienced traders: 

Besides from the main features described above, ProfitFarmers entails a host of tools designed for the more experienced and active traders to make use of. These tools are the Price Action Scanner, RSI Scanner, and a manual trading terminal linked directly to the Binance Exchange.

Maximize your profitability with the manual trading terminal by using some basic chart analysis to achieve close-to-perfect entry and exit points on your trades!

Results 

On a bi-weekly and monthly basis, Matthew Tansley (ProfitFarmers founder) creates a video breaking down their trading signal’s performance for everyone to digest.

These breakdowns are particularly beneficial for members, as the videos give valuable insights on what signals, strategies, and coin pairings are trending with the highest profitable performance.

For 6 months their Signal win rate has NOT been below 70%! That’s really impressive…

ProfitFarmers’ signal results & performance breakdowns dating months back are publicly accessible for everyone to go through on their website.

For the month of November, ProfitFarmers produced 256 trading signals, of which 81% hit target 1 (of 4 targets, where the higher the target hit, the higher the % peak gains offered).

Perhaps even more enticing is the fact that 61% of November’s signals hit targets 2,3 or 4, offering even higher money-making opportunities.

Here is the “Average Profit % Per Target” breakdown for the month of November: 

Read more about ProfitFarmers results on their website here

Conclusion: 

Would you like to instantly increase your chances of making more profitable trades today?

If you don’t want to spend years learning and hours stressing & staring into price charts all day, then I’d say ProfitFarmers is your best bet moving forward.

This platform offers tech-savvy answers to some of the biggest questions and pain-points involved with trading crypto. Save yourself the time and hassle by utilizing a tool that has been proven to do a majority of the ‘heavy lifting’ in trading for you.

With trade signals boasting a 78% all-time historical win rate and ProfitFarmers 100% money-back guarantee if that number ever falls below 60%, you can try ProfitFarmers with more peace of mind than any other tool I’ve seen on the market.

To start using ProfitFarmers or learn more about what they do, visit their website here!

Let me know about your experience with ProfitFarmers in the comments below.

Source:

Platodata

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blockchain

Bitcoin Price Prediction: BTC drops below $50,000 as Wall Street bleeds

TL;DR Breakdown Bitcoin price sheds over 7 percent from yesterday’s $52,500 high BTC/USD pair is currently trading at $46,613 Bitcoin follows in the direction of Wall Street Bitcoin Price Prediction: General price overview Bitcoin price established a solid support near the $43,000 and $44,000 area at the beginning of the week after dropping sharply from […]

Avatar

Published

on

TL;DR Breakdown

  • Bitcoin price sheds over 7 percent from yesterday’s $52,500 high
  • BTC/USD pair is currently trading at $46,613
  • Bitcoin follows in the direction of Wall Street

Bitcoin Price Prediction: General price overview

Bitcoin price established a solid support near the $43,000 and $44,000 area at the beginning of the week after dropping sharply from its new all-time high of $58,000 last week. The world’s largest cryptocurrency had infiltrated the bottom boundary of a rising price channel during the decline, displaying signs of weakness as February’s bullish momentum came to a halt. 

Earlier this week, after a consolidation phase within a falling wedge pattern, Bitcoin price successfully penetrated the upper boundary, sparking a frantic rally that reached $52,500 as of yesterday. This morning, the world’s leading cryptocurrency lost its grip of the $50,000 price level amid a wider liquidation in both equities and the cryptocurrency market. 

The flagship cryptocurrency has shed over 7 percent of its price over the last 24 hours and at press time, it is trading at a market price of $46,613. Regardless of the dip, data by Glassnodes indicate that long term Bitcoin holders were stockpiling despite the sell-off. So far, the daily price range is in between $46,300.00 — $48,376.20. 

Bitcoin Price Prediction: BTC/USD 1-day chart

Bitcoin Price Prediction: BTC drops below $50,000 as Wall Street bleeds 1
BTC/USD Daily chart: Trading View

After rallying towards $52,500 yesterday, Bitcoin price retraced back to below $50,000, moving below the bottom boundary of an ascending parallel channel. Besides, the $52,500 price level represents the Golden Fibb retracement level of the decline from $58,000 all-time high price and last week’s low of $43,000. As such, Bitcoin price appears to be trading in a bearish market for the short term. 

Moreover, Bitcoin’s correlation to the S&P 500 reached a 5-month high this month. Bitcoin has been correlated to traditional financial markets over the last several months and this was evident a few weeks ago when Bitcoin price trailed stocks at close range. The last time Bitcoin and stocks followed each other this closely was back in November last year. 

Today, U.S. Federal Reserve Chairman Jerome Powell delivered a disheartening speech that resulted in both S&P 500 and NASDAQ to shed about 3 percent of their value. The Fed chief noted that he “would be concerned” by constraining the financial terms as increasing yields on government bonds exert a great deal of pressure on the cost of borrowing. Following in the footsteps of S&P 500 and NASDAQ, Bitcoin price declined sharply and it is still dropping at the time of writing. 

Bitcoin Price Prediction: Conclusion

The comments by Powell comes amid a raft of mixed predictions by popular analysts on the future of Bitcoin. Bloomberg’s Mike McGlone used historical data to suggest that Bitcoin price is journeying towards $100,000 on March 4. McGlone points out the rising discount for shares in Grayscale’s Bitcoin Trust. The discount applies to when the price of Grayscale shares is trading at a lower price than the underlying crypto asset, and it is currently at the level it was during the March 2020 crypto market crash. 

Crypto Twitter analyst, MasterChangz, tweeted to his followers that the Bitcoin price will hit $200K before we get in June 2021. According to him, the next rally will be towards $77,000 in two weeks time. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.cryptopolitan.com/bitcoin-price-prediction-btc-drops-below-50000/

Continue Reading

Blockchain

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s

Avatar

Published

on

A former equities CIO of Goldman Sachs drew an strong response on Twitter after suggesting Tesla should sell its Bitcoin and buy back company shares.

The price of TSLA shares have fallen 28% from $863.42 to $621.44, since news broke on Feb. 8 that Tesla had made a $1.5 billion BTC acquisition.

MicroStrategy’s shares have fared even worse in the short term. The company, which is headed by Bitcoin bull Michael Saylor and just completed its latest acquisition of $15 million in BTC on Mar. 3, is now down 50% from its all-time high of $1,315 from Feb. 9.

Tesla’s share market woes are likely due to a number of factors. In early February, it was reported that Tesla had been reprimanded by the Chinese government over quality control issues after receiving consumer complaints. The broader stock market has also experienced volatility, with the S&P 500 down 4.1% in the last 30 days. 

But the tweet from longtime Tesla analyst Gary Black, who has several decades of financial management experience, sparked a debate on whether Tesla’s purchase of $1.5 billion in Bitcoin last month had benefited investors.

“I don’t want them buying back stock,” said Twitter user Techgnostik. “I want them investing in growth, and making another billion on their BTC position.”

Black countered by suggesting TSLA would also draw inclusion by more fund managers with a share buyback program, considering it of greater value to the investor than buying BTC “with excess cash.”

Some users on Twitter agreed that a stock buyback seemed to be a more appropriate use of funds, while others felt too much attention was being paid to what Tesla did with 8% of their cash reserves.

It’s not easy to ascertain the impact buying Bitcoin has had on a company’s bottom line. While MicroStrategy’s share price has halved in a month, shares of MSTR are still up 340%, (from $146.63 to $645.66), since the company announced its first purchase of 21,454 BTC on Aug. 11, 2020. The price of BTC is currently up 310% from the same date.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cointelegraph.com/news/analyst-tells-tesla-to-dump-bitcoin-for-buybacks-as-shares-plunge-alongside-mstr-s

Continue Reading

Blockchain

Experts divided on BTC predictions: Bullish or super bullish?

Avatar

Published

on

Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.

On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.

McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level as last year’s Black Thursday collapse. The discount refers to when shares in the Grayscale Bitcoin Trust trade for less than the value of the underlying Bitcoin (normally they trade at a premium).

Looking at historical data, said that

Twitter user “Lee Hendricks” wasn’t convinced, suggesting the catalyst for Grayscale’s discount could be the result of pressure from upcoming ETFs and other crypto funds. (Although that’s arguably bullish too.)

The Bloomberg strategist isn’t the only expert with high expectations for BTC, with influencer and YouTuber Lark Davis stating on Mar. 4 that “we are just now past the first major price wave,” with two more, larger waves to come.

On March 2, technical analyst Kaleo posted a chart predicting BTC will hit $100,000 near the start of April this year.

It’s a follow-up on his “Bitcoin Halving Reward Era Price” analysis chart two years ago predicting the price would reach $200,000 around mid-2021. He tweeted two weeks ago that he still has faith in it:

“It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin… $BTC will hit $200K+ this cycle.”

Another analyst who goes by the Twitter name MasterChangz, told his 10,000 followers he believes Bitcoin will hit the $200,000 mark even earlier than mid-2021, potentially at the start of April. The next rise, he said, is to $77,000 over the next two weeks.

Other predictions are even bolder with Kraken CEO Jesse Powell stating the cryptocurrency could reach $1 million or even “infinity” in a Bloomberg television interview on Mar. 4, adding that it will eventually become the world’s currency.

“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity,” he said. “The true believers will tell you that it’s going all the way to the moon, to Mars and eventually, will be the world’s currency.”

Kraken Head of Growth Dan Held, echoed this prediction on Mar. 5, claiming on Twitter that:

“Bitcoin is more likely to hit $1,000,000 than $0.”

Even past Bitcoin skeptics are becoming crypto converts with investment firm Sanders Morris Harris CEO George Ball admitting to Yahoo Finance on Mar. 4 that he believes cryptocurrencies are now “attractive” as a “small part” of any portfolio.

“With the cryptocurrencies, I think there is a fundamental hydra-headed shift that makes them attractive as a part, a small part, of almost any portfolio,” Ball said.

Despite this wave of optimism, history also suggests March could be a bloody month, with Bitcoin’s price falling across the month in six of the past nine years by an average of 5.8%. The most recent of these occurred last year on Black Thursday when the price plunged by 50%. That said, the second-biggest monthly candle in BTC history happened in March 2013, when the price shot up 179%.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cointelegraph.com/news/experts-divided-on-btc-predictions-bullish-or-super-bullish

Continue Reading
Blockchain2 days ago

Ethereum’s Top 10 Whale Addresses Add 1 Million ETH In A Day, Evolve Files for Ether ETF

Blockchain2 days ago

Alt Season 2.0: Analyst Claims It’s “Showtime” For Ethereum

Blockchain2 days ago

OCEAN and EWT trading starts March 3 – Deposit Now

Blockchain2 days ago

SEC Chair Nominee Gary Gensler Calls Bitcoin (BTC) “A Catalyst for Change”, Is Bitcoin ETF Coming Soon?

Blockchain2 days ago

Multiple assets can ‘behave like ADA’ through Cardano’s Mary upgrade

Blockchain2 days ago

Santiment Reveals Top 10 Ethereum Projects by Developer Activity

Blockchain2 days ago

Chainlink may surpass Bitcoin, reports

Blockchain2 days ago

Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Blockchain2 days ago

VeChain Price Prediction 2021 – 2027

Blockchain2 days ago

NFTs are changing the world of art and it is just getting started

Blockchain2 days ago

Rarest Pepe — ‘most important NFT in art history’ — sells for 205 ETH

Blockchain2 days ago

Crypto Projects Continue to Partner With Sports Teams

Blockchain2 days ago

ChiliZ To Expand Operations, Will Invest $50 Million in the US

Blockchain3 days ago

Grayscale Accelerates Ethereum Accumulation

Blockchain2 days ago

Why March 2021 may see Bitcoin register yet another pullback

Blockchain2 days ago

Bitcoin (BTC) Price Prediction: BTC/USD Hits $50,000 High and Retraces, May Find Support above $47,000 High

Blockchain2 days ago

Bitcoin Price Forecast: BTC elevation to $52,000 catches momentum

Blockchain2 days ago

A deep dive into Eth 2.0, scaling and a project that lets users buy the entire crypto market

Blockchain2 days ago

Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

Blockchain2 days ago

Exploring Polkadot’s blockchain of blockchains

Blockchain2 days ago

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Blockchain2 days ago

QuickSwap DEX Offers Credit and Debit Card Support

Blockchain2 days ago

Bitcoin’s Compound Annual Growth Rate Is ‘Unmatched in Financial History’, Analysis Shows

Blockchain2 days ago

Someone Sent $243K in Bitcoin to an ‘Elon Musk’ Scam Wallet Address

Blockchain2 days ago

Bitcoin’s Recent 25% Drop ‘Positive’ as It Tested Holder Conviction: Report

Blockchain2 days ago

Kraken Daily Market Report for March 02 2021

Blockchain2 days ago

A Beginner’s Guide on How to Play in Casinos

Blockchain3 days ago

Bitcoin Analyst Sees “Aggressive” Bull Run Towards $64,000; Here’s Why

Blockchain2 days ago

Marc Lasry and former CFTC chair Giancarlo invest in BlockTower Capital

Blockchain2 days ago

Thailand SEC Allays Fears Over Controversial Crypto Proposal

Blockchain2 days ago

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Blockchain2 days ago

Thai SEC Backpedals on Crypto Trading Requirements

Blockchain2 days ago

Full Cardano decentralization expected in March

Blockchain2 days ago

TA: Ethereum Lacks Momentum Above $1,550, Why Dips Likely To Be Limited

Blockchain3 days ago

Cardano Multi-Asset ‘Mary’ Update Launches to Mainnet

Blockchain2 days ago

Billionaire Mark Cuban Explains to Peter Schiff Why Gold ‘Will Die’ As a Store of Value

Blockchain2 days ago

Bitcoin price could rally up to $50,000

Blockchain2 days ago

Did Paris Hilton Forget She’s Already Released an NFT?

Blockchain2 days ago

Amplifying Her Voice

Trending