Experienced trader John Bollinger, creator of the indicator of the same name, included in the basic technical packagesinstruments of all trading platforms, claims that bitcoin is currently setting a double bottom, which is a good entry point for inverters:
«Bitcoin is looking for a short-term bottom. The risk/reward ratio looks good. Keep an eye on the trading opportunity»- he wrote in one of his tweets.
On May 18, Bollinger called $ 43,000 a "logical level" for bitcoin, but then, however, the price of the cryptocurrency fell to $ 30,000.
The well-known analyst also marked the W-bottom at the end of January. W-patterns usually form when the second low is below the first, but yesterday the bears still failed to push Bitcoin below the $ 31,000 level.
May 23, along with bitcoin, which fell in a dayby more than 16%, the entire crypto market turned red. Since its peak on April 14, the largest cryptocurrency has corrected down by 50%. This could be a good opportunity to buy both BTC and altcoins, most of which have dropped by more than 50%.
Where is it more profitable to buy and sell bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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