Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
  • Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 10 of 3684

    Thread: Cryptocurrency Analysis

    1. #11 Collapse post
      IFX_Selena is offline
      Senior Member IFX_Selena's Avatar
      Join Date
      Oct 2018
      Posts
      4,535
      Thanks
      1
      Thanked 627 Times in 398 Posts
      SubscribeSubscribe
      1
      Forecast for Bitcoin and US dollar on August 6th. The collapse of the stock markets of China and America increased the demand for bitcoin

      Bitcoin – 4H.
      Name:  b-k-060819.jpg
Views: 13
Size:  19.8 KB
      As seen on the 4-hour chart, Bitcoin has completed the consolidation above the correction level of 61.8% ($11544). Thus, the main crypto-asset intends to continue its growth towards the level of $12137. The rise in the price of bitcoin was facilitated by the escalation of the trade conflict between Washington and Beijing, during which China refused to purchase agricultural products in America, and America introduced new duties on imports from China. All this has dealt blows to Chinese and American companies, as sales volumes will decrease, and profits will decrease. This led to a fall in the stock markets of China and the United States, and at the same time, increased the demand for protective assets such as the franc, the yen, gold, and bitcoin. At the same time, bitcoin set a new record: now its share of domination over other cryptocurrencies is almost 68%. This means both a new influx of investors who are only interested in BTC and the transition of old investors from altcoins to bitcoins. One way or another, but the demand for "cue" is growing again, which leads to an increase in its value. In the dry balance, we get the conclusion that Donald Trump with his policy of protectionism and the desire to start trade wars with everyone who works out – the best friend for Bitcoin. The greater the geopolitical tensions in the world, the higher the demand for cryptocurrency number 1. Despite the fact that it has not been confirmed and some countries have already banned its circulation in their territories.

      The Fibo grid is based on the extremes of July 10, 2019, and July 17, 2019.


      Forecast for Bitcoin and trading recommendations:
      Bitcoin has completed the consolidation above the Fibo level of 61,8%. Thus, I recommend buying cryptocurrency with the target of $12137, with the stop-loss order below the level of 61.8%. I recommend selling bitcoin with the target of $11057, and with the stop-loss order above the level of $11544, if the closure is performed under the correction level of 61.8%.


      Name:  s_klishi.jpg
Views: 15
Size:  2.3 KB
      Performed by Samir Klishi
      Analytical expert
      InstaForex Group © 2007-2019

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    2. The Following 1 Users Say Thank You to IFX_Selena For This Useful Post:

      Unregistered (1 )

    Subscribe to this Thread (94)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •