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The Martkdaten were from HitBTC exchange market
in 2018, was for most of the asset classes is not a profitable year. The interest of the US Central Bank increases, the slowdown in the growth, trade wars, and the fear of a recession have led to a sharp decline in different markets.
Leading Crypto-how the Beijing-based Bitmain Technology, the world’s largest manufacturer of equipment for the crypto-Mining, and the Huobi Group, the operator of one of the largest crypto-currency exchanges in the world, are planning redundancies. Also if this is for crypto to take troubled times, experienced in every industry to such cycles.
However, only the investment class of crypto-systems with a doom scenario faced. Alone in the year 2018, analysts have written multiple obituaries on Bitcoin. We assume that the crypto-currencies 2019 back rest and the attention of investors once again.
However, the recovery of the Kryptos will be a slow and gradual process. In contrast to earlier investors will be more realistic with your expectations, before you drive the prices back up. the
Institutional investors, regulatory and wider acceptance are some of the factors that need to be monitored closely.
in the Short term, Anthony Pompliano, founder of Morgan Creek Digital Assets, expected that Bitcoin will fall to below 3,000 dollars. But what do the Charts say? Let’s find out.
BTC/USD
Bitcoin is the overhead resistance of $4.255 on 24. December turned down and under the 20-day EMA like. It is currently trying to stay above the support at $3787,33. The price is between 4.255 $ 3.787,33 $. A break of the support would weaken the Pullback and the probability of a re-test of the lows.
If the rate holds, by contrast, the brand of 3.787,33 $, should he dare to again a breakout above 4.255 $. In the case of success,the recovery can extend up to $4.914, 11, with a low resistance at the 50-day SMA.
The 50-day SMA is still trending down and the RSI has dropped back into negative territory. This shows that the bears are trying to exert their influence on the BTC/USD Pair to regain. If none of the two levels of the current range is broken, we can expect more days of consolidation.
It is[ber, the Chance of a inverted head and shoulder pattern, if the virtual currency breaks out and above the neck line closes (UTC time frame). An outburst such as h tte a pattern target of almost 5,500 $.
We could confirm a low point, when the current Dip with a higher Low and the next rally forms higher High. The next few days for the leading crypto-currency.
XRP/USD
Ripple has not been able to hold above the value of 0,40$. Profit-taking pushed the prices of less than 0.40$, and the 50-day SMA.
Should recover the XRP/USD Pair from the 20-day EMA, it should try again to achieve a breakout at 0,40$. If this is successful, it can rise up to near the resistance line of the downward channel. Traders can hold their Long positions with stop at Break-Even point.
A break below the 20-day EMA and $0,33108 is likely to weaken the Pullback and the digital currency back to the support line of the channel. The price action in the next 3-4 days will give us a better idea of what to expect.
ETH/USD
Ethereum has, as expected, almost 167,32 $ 24. December turned down. Currently, the bulls are trying to hold the 50-day SMA. In case of success, we expect another attempt to break $167,32.
If, however, the ETH/USD Pair, the 50-day SMA does not hold, slipping to the 20-day EMA is possible. If the support holds, we expect that the digital currency is entering a consolidation phase.
Our neutral-to-bullish view is discarded, if the bears push the price below $ 100. Each of burglary under $ 83 and means that the downward trend again.
BCH/USD
After the brilliant run of recorded short-term traders, profits in Bitcoin Cash near the 50-day SMA. Currently, the bulls try, the 20-day EMA to shake off, but so far no buyers at higher levels.
The 20-day EMA is flat and the RSI is close to 50. This indicates a consolidation in the near future. This expectation is obsolete, if the bears leave the BCH/USD Pair below the 20-day EMA to fall. The next support on the downstream side is at 100 $.
When the cops break driving the course during the 20-day EMA up and over 239 $, the digital currency, their recovery, and could then reach rates 262,43 $ and even 307,01 $. The price will fall below 239 $, it comes to consolidation. We will make within the next 3-4 days with a better picture. Traders who have a part of positions should tighten their stops.
EOS/USD
The recovery in the case of EOS met at the 50-day SMA on a big hurdle. Currently, the bulls are trying to hold the 20-day EMA. Below this level the next major support at 2,4050 $.
If one of these supports holds we can expect to see a further breakout above the 50-day SMA. The bears, however, the EOS/USD Pair under the supports, we could see a retest of the lows.
The 20-day EMA is flattened, and the RSI is near the neutral range. Therefore, we expect consolidation for a few days. Our assessment is invalid, if the digital currency is below 2 $ decreases.
XLM/USD
Since the bulls were unable to hold the breakout above the 20-day EMA and the mark of $0,13427050, like Stellar back below the 20-day EMA.
Increases the XLM/USD Pair may not be over the mark of $0,13427050, it can stand up to the low of 15. December slides back. A break below $0,09285498 means a resumption of the downtrend. The digital currency is still an under performer, so that we remain neutral. We will wait until the price is above the 20-day EMA and a new buy Setup is, before we suggest a trade with him.
LTC/USD
Litecoin could. the overhead resistance at 36,428 $ 24 December can not break through, which led to a Pullback. The cops are currently trying to hold support at 29.349$. If you are successful, this could lead to a inverse head and shoulder pattern with a breakout target at 36,428 $ and a pattern target of 49,756 $.
Should not be able to defend the cops but the brand of 29,349$, would the pattern becomes invalid and the LTC/USD Pair could fall again to the recent lows of 23,10$. Each cry of the lows to continue the downtrend. We recommend traders to wait on the completion of the inverse head and shoulder pattern before opening new positions.
BSV/USD
After Bitcoin SV on 20. and 21. December could not break out of the upper portion of the margin of 123,98 $ 80,352$, it will probably fall to the bottom of this range.
If the BSV/USD Pair falls below the 80,352 $brand, can it to the next support at 65,031 $. Any break of this level leads to a decrease in the Depth of 38,528 $.
however, If the support at 80.352 $ is held, we expect that the consolidation is extended by a few days. We will be watching the price action at the support and then new positions suggest.
recover If the digital currency is turning from the current level to the top and from the range breaks out, it could be, in our opinion, up to 167.608 $. Therefore, we maintain our buy recommendation for a closing price of over 123,98$.
TRX/USD
The current Pullback remained on 24. December stuck just below 0,025 $. TRON buying support near the strong support at 0,0183 $, which is a bullish sign.
The moving averages have completed a bullish Crossover. We expect a strong support at the 20-day EMA. After the recent Pullback, the TRX/USD could consolidate Some for a few days between the 20-day EMA and 0.025$. We will be watching the price action at $0,0183 and then make a decision, since we find on the current level of buyer-Setups. The 20-day EMA should fall, is expected to weaken in the digital currency and on the value of 0.0125 $.
ADA/USD
Cardano is at $0,051468 on 24. December slipped down. We had expected a Pullback, and thus a Trailing Close Stop Loss recommended.
Currently, the ADA/USD-finds Some support at the 20-day EMA, which is a bullish sign. The price should not rebound quickly from this support, it is likely to give in again. The next support down is 0,033065 $. We expect that one of the two above-mentioned supports.
The 20-day EMA is flat, but the 50-day SMA falls further. This means that the long-term Trend is still declining, but the short-term Trend to a consolidation suggesting. We will make in the next few days a clearer picture. A break below the Low of 7. December would make our bullish assumption to nothing.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
