The post Get The Most Out Of The Next Crypto Bull Run With PrimeXBT Margin Trading appeared first on Coinpedia Fintech News
After massive rallies in January 2023 across Bitcoin and altcoins of all kinds, investors are increasingly considering the possibility that the bull run in crypto is back.
If bulls are back in control, the PrimeXBT margin trading platform is the best place to get the most out of the next uptrend while providing the flexibility necessary in case crypto winter continues.
Crypto In 2023: By The Numbers So Far
All across the crypto market, assets have posted enormous rallies in a single month. Extremely oversold conditions and low volume left bears exposed to a potential bullish reversal. But bulls must continue the trend from here.
It’s a little too early to tell for sure, but tokens like Solana and Decentraland closed the month with roughly 150% ROI. It can take some stocks or commodities several years to see similar performance. However, such numbers are commonplace in a raging crypto bull market.
It wasn’t just altcoins –– top coins by market cap like Bitcoin and Ethereum each closed the month up nearly 40% from local lows. Daily readings on the Relative Strength Index reached the most overbought levels since the last bull market. The aggressive buying could be a sign to go long, but still, traders are hesitant, and rightfully so.
Is The Bull Run Back, Or Is This A Bear Market Bounce?
Despite the recent upside and more dovish tone from the Federal Reserve, traders are skeptical of a new bull market with so much recession risk and inflation still a factor. Tensions are also increasing between the US and China, and US corporate earnings have begun to slide.
If January’s performance were merely a bear market rally or dead cat bounce, traders would want to short cryptocurrencies instead. February’s close and the following month in March will provide more clarity on if the market is bullish or bearish.
Whatever the outcome, innovative PrimeXBT trading solutions give users the flexibility to trade in both directions, profiting from each major price swing. Traders can be ready and long for when the bull trend begins or short cryptocurrencies down to new lows.
Buy Pullbacks And Get Prepared For The Bull Market
If you don’t have any crypto, you can buy the dip with the PrimeXBT app. If you do, don’t sell your crypto right before a bull market breaks out or at current lows –– use them as collateral instead to trade cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more using leverage.
Deposits are made to a secure crypto wallet in BTC, ETH, USDT, USDC, and other popular cryptocurrencies. Funds are protected by cold storage and bank-grade security protocols. Withdrawals require a four-digit PIN and a whitelisted address for added safety. There is also 24/7 customer service and a comprehensive help center.
The user interface is highly customizable and includes built-in charting software with drawing tools and access to technical indicators like the Parabolic SAR, Bollinger Bands, and many others. It’s also possible to create a personalized watchlist.
Additional Innovative Cryptocurrency-Based Services
PrimeXBT is the only crypto trading platform that also supports traditional trading instruments like stock indices, commodities, precious metals, and forex currencies. Users can build a portfolio that includes Bitcoin, gold, oil, the S&P 500, and more, all under the same roof.
A peer-to-peer copy trading community is also a primary feature. Followers can automatically copy the trades of top-ranked strategy managers who show strong performance in the fully transparent leaderboards. Each successful trade earns both the follower and the strategy manager a portion of a profit share model.
Risk-free weekly trading competitions are available at PrimeXBT Contests, offering an opportunity for users to win crypto-based prizes. Because traders are given no-risk virtual funds, they can also use the service to practice trading strategies or backtest performance.
The award-winning PrimeXBT has more features under the hood, such as a four-level referral program, an exchange tool for swapping one cryptocurrency for another, and an educational website called the PrimeXBT Trading Academy. Primary tools like long and short positions on leverage, copy trading, and built-in technical analysis software provides traders with the competitive edge they’ve been looking for.
If the crypto winter is over and a new uptrend is beginning, there is no better place to get the most out of the next crypto bull run than with the powerful PrimeXBT margin trading platform. Try PrimeXBT today –– recognized as the Most Trusted Crypto Asset Trading Platform of 2022 by Crypto Expo Dubai.
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