Following the articles written by Tokenize Xchange’s CEO, Hong Qi Yu in March with regards to the Outlook on the Cryptocurrency Market and the Top Altcoin to Watch, we have seen the cryptocurrency markets push to new heights especially with the dramatic climb this week in the month of April.
Out of three trade setups that were suggested in the articles, two of it has already hit our projected profit target while one of it is still awaiting.
On the Bitcoin (BTC) market, Hong predicted a profit taking opportunity to enter around 3,700USD back in March and when the markets turned in favour of a bullish trend in April this month where BTC prices made a sudden spurt to 5000USD, it was the perfect chance to take a good profit of at least 30%.
On a similar note, Hong also mentioned the significant movement in price which Litcoin (LTC) is experiencing, signifying an upcoming bullish trend in the overall crypto market.
Indeed, as we have observe in the month of April, following the new spikes in the crypto market, LTC was accurately predicted to have moved towards the 90USD zone. With this smooth uptrend of the market, traders who entered at the 50USD back in March would have book profits of 80%. In the meantime, a strong buying interest has emerged among traders to profit from the bullish momentum in the crypto market.
With these results, we can consider the trading analysis given by Tokenize Xchange to be valid and accurate to a large extent as the predicted profit target of BTC and LTC has been achieved.
For the Ethereum (ETH) market, it has also experienced a similar price action to BTC like all major cryptocurrencies in this crucial period of bull run. We witness significant daily gains where the prices of ETH soared up to the 170USD range before its correction to near 160USD. With the entry point at 120USD — 130USD set in March, we are waiting expectantly for ETH to arrive at 200USD in the next 2 months to hit the targeted profit level of 66%.
If you are looking into trading information like these which you can use to your advantage to profit even more through our trading analysis and setups, you can consider upgrading your Tokenize membership to become a part of our Platinum Community.
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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Tokenize Xchange. Every investment and trading move involves risk, you should conduct your own research when making a decision.