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The market data are taken from HitBTC exchange.
Marcus Hughes, the senior legal adviser of the large US-based crypto exchange and Wallet Coinbase, offers views on Bitcoin (BTC) in the next two years, large developments.
Hughes is confident that the European Union in 2019, will create a clearer legal framework for crypto. Once the regulation is expected to be Hughes, that large investment banks are finally entering the room.
The British Investor and entrepreneur Alistair Milne is confident that Bitcoin breaking out on his all-time high and keep going. He justified this statement with the expected increase in the acceptance and application of the leading crypto-currency. Milne is sure that Bitcoin will still exist another 100 years.
in the Same way as in the case of a bull the prices of the market shoot tend to be extremely far up, they usually extremely far down. Changpeng Zhao, the CEO of Binance, believes that has developed in the crypto-field. So he suggested that crypto-currencies are currently undervalued.
traders Should buy gradually? Let us find out.
BTC/USD
Bitcoin (BTC) is since the 10. January under the moving averages. The bulls tried to push the price upwards. The response were sales to the moving averages. That is a bear sign.
The crypto-currency was not able to make a higher High and a higher Low. On such a Signal we have been waiting for. Higher highs and lows would indicate turning to a probable trend.
If the bears make the course a total of 3,236,09 US Dollar (has 2,848,43 Euro) to decline, there will be a new lower Low, which would confirm the continuation of the downtrend.
The first signs of a probable trend reversal, if the BTC/USD Pair breaks out above the downtrend line and above this. The recovery is gaining strength, if the cops over 4.255 US Dollar (3.745 euros) to climb. Until then, any increase in the Resistors will be confronted with sales.
We could suggest Long positions with about a total of 3,236,09 US Dollar (has 2,848,43 Euro) if the price of the support jumps sharply back up to the top. That would indicate a strong demand on the lower levels. Another trade is likely to be a breakout above 4.255 US Dollar (3.745 Euro) is proposed. Until then, we recommend traders to wait and see.
XRP/USD
Ripple (XRP) since the 11. January in a narrow range. This condition is not likely to last too. We expect in the next few days, either a breakout above or a case under the span.
The downwardly inclined sliding towards the averages, and the RSI is in the negative area, the fact that the sellers have the upper hand. If the bears force a decline below the margin, the XRP/USD Pair on 0,27795 US Dollar (0,2446 Euro).
If the cops of the course, however, the moving averages and the lifting of the downward trend line, you can climb the digital currency at US $ 0.40 (0.35 Euro). We recommend traders wait for a bullish pattern forms before you buy.
ETH/USD
Ethereum (ETH) is 20. January, under the direct support of 116,30 US Dollar (102,37 Euro), but the bears could not keep the lower levels. The bulls have managed a Pullback from the lows and closed (UTC) about the support line.
If the ETH/USD Pair is no buyer at the higher levels, and reverses, it can 107,51 US Dollar (94,63 EUR). If this support is broken, a decline to 83 US dollars (73 euros). The down trending 20-day EMA and the RSI is in the negative area, confirm that the seller have in the short term, the upper hand.
strength shows The digital currency when it breaks out above 134,50 US Dollar (118,39 Euro). You can then lay down a rally in the direction of 167,32 US Dollar (147,28 Euro). This level is likely to act as a rigid resistance.
BCH/USD
Bitcoin Cash (BCH) for 10 days in a narrow range between US $ 120 (105,62€) to 137,26 US Dollar (120,82 Euro). This shows that both the buyer and the seller are currently active with him.
If the bears leave the rate below US $ 120 (105,62€) decrease, may decrease the BCH/USD Pair down to US $ 100 (88 euros). Including it is likely to give a re-Test of the lows at around 73,50 US Dollar (64,70 Euro). The falling moving averages and the RSI below 40, suggest that the seller have the upper hand.
Our bear view is void if the crypto-currency is both the moving averages, as well as the brand of 137,26 US Dollar (120,82 Euro). We wait until a reliable purchase constellation, before we suggest a trade.
EOS/USD
EOS) is currently in a range between 3,2081 US Dollar (2,8237 Euro) and 2,3093 US Dollar (2,0326 Euro). The bears are trying to push it under the range, while the bulls try to defend the margin.
13. and 14. January, the EOS/USD Pair from the support of the margin is jumped back to the top. But the bulls have not managed to raise it above the 20-day EMA. That is a bear sign. A case under the immediate support of the margin and the brand of 2,1733 US Dollar (1,9129 Euro) can lead to a decrease in 1,7746 US Dollar (1,5619 Euro), and then to 1.55 US Dollar (EUR 1.36).
Our bear view is void, if the Cryptocurrency of the support, the margin jumps back to the top and 2,5840 US Dollar (2,2743 Euro). If that happens, a rally up to resistance of the margin in 3,2081 US Dollar (2,8237 Euro) is possible. We could Long positions over 2.60 US $ (2,29 Euro).
XLM/USD
The cops on the 19. January tried to lift Stellar (XLM) is higher, but could not overcome the 20-day EMA. Currently, the bears are trying to direct support for 0,10235190 US Dollar (0,0901 Euro) to break through.
If that succeeds, is a decline to the low for the year of 0,09285498 US Dollar (0,0817 Euro). If it falls below this level, the XLM/USD Pair its downward trend. Both moving averages are falling and the RSI is in the negative range. This shows that the bears have the upper hand.
The first signs of a probable trend reversal, if the bulls manage to lift the price above the downward trend line of the symmetrical triangle. The strength will be confirmed if the Pair holds above 0,13427050 US Dollar (0,1182 Euro). We will wait for a trend reversal, before we recommend a Long Position.
LTC/USD
The bear to leave, Litecoin (LTC) is holding above the 20-day EMA. The cops do not allow that the course falls under 29,349 US Dollar (25,832 Euro).
When the LTC/USD Pair falls below 29,349 US Dollar (25,832 Euro), it could continue on 27,701 US Dollar (24,3815 Euro). Thereafter, a decline to the low for the year stands at about 23,090 US Dollar (20,3230 Euro) is likely to be. The downward trend continues, when the price reached new Year lows.
If the cops EMA raise the rate, however, over the 20-day, could rise to the virtual currency 36,428 US $ (32,063 Euro) and, in addition, on 40,784 US Dollar (35,897 Euro). The flat moving averages, and the RSI of 50, indicate a balance between buyers and sellers.
The next movement will take place when this balance shifts in favour of one of the two parties. For now, traders may have Long positions, a Stop-Loss Limit at 27.50 USD (24,21 euros).
TRX/USD
Tron (TRX) has been corrected to the 20-day EMA, which could act as support. If the bears fall, however, under this support, a fall to 0,02113440 US Dollar (0,0186 Euro) and then a decline to the 50-day SMA, probably.
The TRX/USD Pair since the 8. August 2018 in a range. Attempts, break or fall below it, were unsuccessful. The rate returned is always in the margin.
There are two trading opportunities. Traders can buy either in the vicinity of 0,0183 US Dollar (0,0161 Euro) and wait for the price to reach 0,02815521 US Dollar (0,0248 EUR), or you can buy it at a closing (UTC) on 0,02815521 US Dollar (0,0248 EUR).
The upward trend, moving averages suggest that the bulls have the upper hand. We are in the crypto-currency negative, if the course goes back and 0,0183 US Dollar (0,0161 Euro).
BSV/USD
Bitcoin SV (BSV) gradually, indicating the current level on a lack of buying support. If the price is under 74,022 US Dollar (65,152 euros), a decline to the next support at 65,031 US Dollar (57,238 Euro).
The 20-day EMA falls gradually, and the RSI is in the negative area. This shows that the bears have in the short term, the upper hand. If the BSV/USD Pair falls below 65,031 US Dollar (57,238 Euro), this leads to closure of Long positions. The supports lie below at 57 US dollars (50 euros) and including 38,528 US $ (33,911 Euro).
Our bear view is rendered invalid if the digital currency over both the sliding end of the averages. We have to wait until the Trend develops in a positive direction, before we recommend any Trades.
ADA/USD
Cardano (ADA) is currently within a rising channel. In General, the price fluctuates between the support and the resistance line of the channel. He reached the resistance line of the channel on 10. January, from where he abknickte down. Now he will probably fall to the support line of the channel.
After the ADA/USD Pair fell below the 20-day EMA, it might be found at the 50-day SMA support. If this support is broken, could the buyer on the support line of the channel.
Our expectation that there will be a decrease to the support line of the channel, is void, if the crypto-currency is reversing from the current levels and the 20-day EMA breaks out.
We see at the current level is not a reliable purchase constellation. The flat moving averages, and the RSI is almost in the center, suggest a short-term consolidation. Due to these factors, we remain in this Pair neutral.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
