Update 3 August to 7 August 2020: Bitcoin Continues Testing $12000, Looking to Break

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Hey there Painless Traders, if you have not read my first post about Mirror Trading International, please do so at the following link Review: Is Mirror Trading International a scam?

You can read previous updates here:

Update 6 July to 10 July 2020: Slow and Steady Gains

Update 13 July to 17 July 2020: More Investment, More Returns

Update 20 July to 24 July 2020: Bitcoin Value Rising

Update 27 July to 31 July 2020: Bitcoin Testing $12000 Resistance

 

Update (3 August to 7 August 2020):

3 August 2020

3 August 2020 Update

Opening Balance: 0.14446499 BTC (USD 1644.91)

Closing Balance: 0.14469497 BTC (USD 1647.53)

Total Profits: 0.00022998 BTC  (USD 2.62)

Profit Percentage: 0.1592%

(Note: Value of BTC in USD will be taken from the daily trading statement for consistency in comparison)

 

4 August 2020

4 August 2020 Update

Opening Balance: 0.14469497 BTC (USD 1622.71)

Closing Balance: 0.14556759 BTC (USD 1632.49)

Total Profits: 0.00087262 BTC  (USD 9.79)

Profit Percentage: 0.6031%

 

5 August 2020

5 August 2020 Update

Opening Balance: 0.14556759 BTC (USD 1702.26)

Closing Balance: 0.14590021 BTC (USD 1706.15)

Total Profits: 0.00033263 BTC  (USD 3.89)

Profit Percentage: 0.2285%

 

6 August 2020

6 August 2020 Update

Opening Balance: 0.14590021 BTC (USD 1729.45)

Closing Balance: 0.14632119 BTC (USD 1734.44)

Total Profits: 0.00042097 BTC  (USD 4.99)

Profit Percentage: 0.2885%

 

7 August 2020

7 August 2020 Update

Opening Balance: 0.14632119 BTC (USD 1694.73)

Closing Balance: 0.14689259 BTC (USD 1701.34)

Total Profits: 0.00057140 BTC  (USD 6.62)

Profit Percentage: 0.3905%

 

3 August to 7 August 2020 Total Profits

0.0024276 BTC = USD 28.12

 

Summary of profits since first investment*

Week 1 (22 June to 26 June): 0.00025027 BTC

Week 2 (29 June to 3 July): 0.00025195 BTC

Week 3 (6 July to 10 July): 0.00266611 BTC

Week 4 (13 July to 17 July 2020): 0.00278018 BTC

Week 5 (20 July to 24 July 2020): 0.00294726 BTC

Week 6 (27 July to 31 July 2020): 0.00317599 BTC

Week 7 (3 August to 7 August 2020): 0.0024276 BTC

Grand Total: 0.01449936 BTC (USD 167.93)

*Based on Friday’s report BTC value of USD 11582.23.

 

As you are reading this, BTC is rising up once again (currently at USD 11780) to test the resistance line at USD 12000. Many are anticipating it to be able to do so especially after the recent US NFP release which did not strengthen the dollar by any substantial amount. Once it breaks this critical resistance zone, I would expect it to break out much higher until the next resistance zone. Some of you emailed me asking why I am still in MTI even though the profits are very little compared to GPS Forex Robot 3 for example. Here are my reasons:

  1. Never put all your eggs into one basket. Portfolio and investment diversity is very important.
  2. Forex trading is about earning more in terms of cash, MTI is about passively growing my BTC which will have an even more exponential growth in value when its value increases too. When I bought my BTC, it was valued at around USD 10500 only.
  3. MTI is a legit company which helps to grow my BTC passively without any form of intervention required by me. So far there has only been one day with negative returns. Low risk = low profits = sustainability = not blowing any accounts.

 

Visit their site here: Mirror Trading International

Sign up here to join my team: Team Painless Trades

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Published by Painless Trades

Raw content about making money online, no BS.

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