Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 20 May 16:25 (GMT -05:00)



Foreign exchange market

BTC Market Will Set New Highs In 2020


Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.
 
During his interview to the CNBC, he told the reporters that the bull cycle isn't over yet for Bitcoin, and that's why we are going to see new all-time highs set in December 2017 - Fundstrat Global Advisors 2018. mostly likely, this is going to happen in 2020, although this year is on the timeline of possible price records as well.
 
The expert says that the very fact that the bull market is still there is backed by 11 factors, including the fact that the BTC network has been recently getting increasingly active, even despite a relative low BTC exchange rate. Another on has to do with technical analysis - the exchange rate closed over SMA200 in April. On top of that, institutional investors have been getting increasingly active as well, which makes Bitcoin and other cryptocurrencies even more popular as an investment asset. 
 
At the same time, FortFS experts stick to another opinion, a fairly optimistic one though. They assume that the bear market is likely over now, but it's a good idea to wait for confirmation from tech indicators.  
 
Bitcoin gained 4,5% per day and over 12% over the last trading week , thus reflecting the overall trend in the crypto market.
 
Daily. An explicit bull market amid trending ADX leaves almost no chances to the bears. A move up by 300 dollars per coin is possible.

 

565478568-2019-05-07.jpg

Н4: Local ADX is going up, but hasn't reached the trend area yet. That said, traders still have a chance to join the rally around the psychological level of 6000 dollars per coin.
 

565478568-2019-05-07.jpg

Н1: The latest bars have massive tails, which indicates big-scale buyers. The local support is located at the middle Bollinger Band (6084). This is probably the best price the market can give you today to get in.
 

565478568-2019-05-07.jpg

Expectations and trading decisions: It's a good idea to wait for the price to touch 6084 and get in to expect a rally up to 6400-6500. The targets may be reached with the next couple of days.  

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM