Results of the work 17.05.2018 - 17.06.2018Viktor Manin
The general state of the market and its capitalization
At the moment, the general attention in the market is focused on the rate of the main asset - Bitcoin.
For more than four months there has been a struggle between bulls and bears.
In such market you need to be careful not to take thoughtless decisions.
Analysts at Fundstrat Global Advisors are convinced that after overcoming the February lows around $5,920, the price of bitcoin may drop to a mark $5000-5500 range.
This is a mark in the $3250 area, which represents a correction of more than 80% of the historical maximum of bitcoin (over $19,000) recorded at the end of last year.
Thus, analysts are convinced that even such a deep correction will not break the long-term uptrend.
We also are following the idea that the price movement of bitcoin will continue to follow the uptrend. The market is cyclical and such waves are normal.
The positive thing is the Securities and Exchange Commission (SEC) doesn't plan to classify Ethereum and bitcoin as securities.
It is important not to forget that behind the cryptocurrencies is a very advanced technology and the future for blockchain projects.
At the moment, the cryptocurrency market capitalization is $280 573 957 502
The difference with the previous month of almost $50 billion shows that some investors doubt the growth and leave the market.
Many of the major financial players continue to predict the recovery of bitcoin prices to $25,000 and higher by the end of this year. However, it is always worthwhile to weigh risks and make decisions.
Now, the bitcoin's share is 39.8%.
The main players on the market
To date, the site coinmarketcap.com gives such a picture of market leaders
The picture of the players hasn't changed for 4 months. We, as always, recommend increasing the number of your bitcoins.
Despite the general decline in the market, our traders conducted successful deals. But most of the funds are in positions. We can distinguish:
GRC/BTC - buy 0.00000552 - 06.05.2018 - hold
AION / BTC - buy -0.00029061 - 31.05.18 - hold
HKN / BTC - buy - 0.00030495 - 06.05.18 - sell - 0.00038137 - 31.05.18
SNC / BTC - buy - 0.00002165 - 31.05.18 - hold
CHSB/BTC - buy - (0.00000254-0.00000365) - 22.04.18 - sell - 0.00000304 - 31.05.18
WINGS/BTC - sell 0.000062 - 24.05.2018
WINGS/BTC - buy 0.000053 - 24.05.2018 - sell 0.000062 - 24.05.2018
WINGS/BTC - buy 0.000053 - 24.05.2018 - hold
EOS/ETH - buy 0.0229 - 10.06.2018 - hold
Each of you is part of the system and you need to act to change it. Only the strongest will stand on the market. Only those who look to the future will remain and understand the importance of this moment.
Study, analyze and only then act, or trust us, those who already have experience.