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🔹 Bitcoin will likely form a Golden Cross within the next 48 hours, with the 50-Day SMA crossing above the 200-Day SMA.
🔹 While the development is likely to capture headlines, Bitcoin’s near-term price action does not seem to be overly affected by the formation of the Golden Cross.
🔹 It does however tend to see longer-term uptrends persist following the formation of said chart pattern.
SGT 1520
📈 BTC | $45,689 (+1,165, +2.6%)
📈 ETH | $3,310 (+70, +2.2%)
📈 XRP | $1.08 (+0.01, +1.1%)
📈 LTC | $179 (+3, +1.6%)
📈 Total Crypto Market Cap: $2.08T (+1.4%)
Cryptocurrency CFD is available for trading on Phillip MetaTrader 5 (MT5).
Features of trading CFD
- Trade in both the bull and the bear markets
The ability to enter a long and/or short position allows traders to take advantage of both rising and falling markets. - Smaller barrier to entry
CFDs typically have flexible and smaller contract sizes. This means that traders will be able to enter into a CFD contract with a modest amount of capital. - No expiration date or risk of delivery
Unlike futures which commonly have a fixed expiration date, CFDs allow traders to perpetually hold the position(s). CFDs are cash settled, no need to worry about the delivery of the underlying asset.
Trade Bitcoin, Ethereum, Litecoin, and Ripple CFDs at zero commission on Phillip MetaTrader 5, a dynamic platform that offers low spreads. Integrated with Acuity Signal Centre and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.
Download Trading Central’s Market Buzz for updates on more topics.
What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.
