Bitcoin is oversold, and significantly. Hope to keep around 5000 were ruthlessly broken by bears. Now there is a struggle in the market for the level of 4000. And, judging by the mood, the level of 3000 seems to be quite achievable. This is confirmed by graphical analysis. Bitcoin has the potential to go even lower. Up to 2000-1500 per coin. However, there is a positive factor. The market has practically fulfilled the classic break of the descending triangle, having won 1/2 of the height of the figure. This is a plus. The RSI (14) is also in the zone where Bitcoin has never been on daily charts. And this indicates an extreme oversold asset. And, as a result, entails at least a correction to 4500. Further, the market will keep only the news. The next portion of the negative will open the way to 3000. Positive factors will help the main cryptocurrency return to the “pre-crisis” 6500 by mid-December. The path to recovery of cryptocurrency is not over yet, the market is still held by events of a week ago: fork BCH. Miners incur losses, the supporting capacities are turned off and the hashrate speed is mercilessly reduced. Although at the time of writing, bitcoin hash rate has increased by 38%, which means hope is alive. And while hope is alive, there will be faith. Which is still supported by love. Our love of money. And bitcoin is no exception. Sincerely yours, Alexander Hoggarth.

Company news

07.02.2019 Changes in the schedule of trading sessions due to the Presidents' Day in the USA. Read more ...
27.01.2019 Concerning e-mail services. Read more ...
18.01.2019 Changes in the schedule of trading sessions due to the celebration of Martin Luther King Day. Read more ...
01.01.2019 The start of the second stage of the big draw from Bulltraders.сom. Read more ...
24.12.2018 Changes in the schedule of trading sessions in connection with the celebration of the Catholic Christmas. Read more ...
Show all

Expert view

17.02.2019 Waiting for US - China agreement Read more ...
17.02.2019 Oil market perspectives Read more ...
10.02.2019 Trends at cryptocurrency market Read more ...
10.02.2019 Waiting for US-China dialog Read more ...
10.02.2019 Oil to continue growth Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
KYT POLICY PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE