Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses
Make a deposit
Money withdrawal
pay icon

Bitcoin analysis for 13/09/2017:

JPMorgan Chase CEO Jamie Dimon expressed his point of view on Bitcoin yesterday. In the interview at a Barclays investment conference on Tuesday, Dimon said he supported a blockchain technology for tracking payments but that trading Bitcoin itself was against the bank's rules, because, as he said, Bitcoin was "stupid" and "far too dangerous". Later on, he warned that Bitcoin prices are very volatile and would remain very volatile for some time. This situation could be dangerous if countries crack down on its use like China has recently done (after the Chinese decision, the Bitcoin plummeted by about 10% in value). At the end of the interview he warned investors again: "It won't end well," Dimon said, adding that "they will eventually blow up. It's a fraud."

As a CEO of one of the biggest investments banks in the world, Dimon sounds very pessimistic about the future of the Bitcoin cryptocurrency, while many other banks around the world are trying to deal with this situation in a more constructive way by legalizing the digital currencies, implementing more regulations or trying to introduce their own altcoins or cryptocurrencies.

Let's now take a look at the Bitcoin technical picture on the hourly time frame. The current Elliott wave count indicates a possible termination of the wave (c) at the weekly pivot support at the level of $3, 920 which means the completion of a corrective structure of a higher degree. Nevertheless, a lack of an impulsive rebound would indicate a possible extension of the slide towards the next important technical support at the level of $3,600.

Exchange Rates 13.09.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade