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The market data are taken from HitBTC exchange.
In December last year the market rejoiced participants, as the crypto-currencies under the leadership of Bitcoin shot up. The leading digital currency reached at the 17. December is a High of almost US $ 20,000 (€17,500), and the investors were hoping to even higher levels.
A year later, after a massive bear market, ask any Investor, whether Bitcoin rise again from the dead, and a reversal of the trend can lead to. Although we believe that Bitcoin comes closer to the ground than ever before, we do not expect any massive rally from current levels. There is a huge Overhang of positions that will dissolve when the virtual currency trying to rally. Therefore, it will be a slow and laborious climb up.
Use the most Basic factors such as a actual, clear regulations, and the wider acceptance of the technology will attract institutional investors that will drive the next Leg up. All of this requires time and will not happen overnight. Stephen Pair, CEO of BitPay, believes that it will take 3-5 years for Blockchain-based currencies can be used in everyday transactions. Therefore, investors should think long term and not overnight with riches expected.
note: There is a possibility for short-term Trades is currencies in a pair of Crypto. This, however, go against the Trends, because the Trend in most of them is on the decline. Therefore, traders should keep the position size small. About 30 percent of the usual position size and with a flexible Stop-Loss Limit, to reduce the risk. You should book partial profits at resistance and your stops on the remaining positions higher, in order to protect any gains. Long-term investors can hold their positions, however.
BTC/USD
Bitcoin is trying to create a Pullback from the support zone between 3,500 US dollars (3.073 Euro) and $ 3,000 (of 2,634 euros). In this section of the downward movement, the 14. November began, and have not kept Pullbacks longer than three days. Therefore, we continue to be cautious.
The downward trend line and the 20-day EMA both are on the same level. Therefore, we expect that this will be a large obstacle. If the cops lift the price above the 20-day EMA, the recovery of up to 4,500 U.S. dollars (3.952 Euro) and up to $ 5,000 (4,391 thousand euros). The main trend is still declining. Therefore, we can confirm. After the initial Pullback for the next Leg confirmed-to-bottom, whether the bottom can be confirmed or whether the BTC/USD Pair will continue to fall.
Our optimistic assessment is invalidated if the rate of the downward trend line bends down and under the lows of 15. December, a total of 3,236,09 US Dollar (2.842,19 Euro). Traders who have Long positions may keep their positions. Depending on the performance at higher levels, we can propose the positions to either extend or reduce.
XRP/USD
Ripple the support line of the descending has kept the channel again. He has recovered strongly and is likely to reach the 20-day EMA.
the rest up on the next overhead resistance of $ 0.40 (0.35 Euro) extend the 20-day EMA and 0,33108 US Dollar (0,2918 Euro). We assume that the bears will defend this level. If it’s the cops, however, manage to come up to 0.40 US dollars (€0.35), an increase to the upper end of the channel at $ 0.50 (€0.44).
Our optimistic assessment is invalidated if the course bends from the overhead resistance from the bottom. In such a case, a decrease to 0,24508 US Dollar (0,2160 Euro) is likely to be. Traders can hold their Long positions in the XRP/USD Pair.
ETH/USD
In the current Pullback can come Ethereum to 102,50 US Dollar (90,02 EUR). This level could act as a rigid resistance.
If the bulls can hold above the 20-day EMA, a rise in 136,12 US Dollar (119,55 euros). If the ETH/USD-bends and Some of 102,50 US Dollar (90,02 EUR) from to the bottom, it can slip to 83 US dollars (72,90 Euro). The 20-day EMA flattens out gradually, which suggests a consolidation. The RSI also shows a positive divergence, which increases the likelihood of a recovery. Traders can wait for the digital currency rises to about 103 U.S. dollars (90,46 EUR) to open Long positions.
XLM/USD
Stellar is trying to recover after the 15. December has reached 0,09285498 US Dollar (0,0818 euros), a new low for the year. The Pullback may reach the 20-day EMA, which is likely to offer a rigid resistance. If the bulls make it to about 0,13427050 US Dollar (0,1183 Euro), may extend the recovery up to 0,184 US Dollar (0,162 Euro), although, in our opinion, the probability is very low.
There is no bull out there pattern on the Chart, apart from the RSI is in the oversold area. Therefore, we have not suggested any trade to the XLM/USD Pair. Of course not, should keep the recovery, it can remain for several days in a span. The Pair will continue its downward trend to continue, even if it was under the low of 15. December falls.
EOS/USD
EOS is trying to a massive decline in a Pullback. Although the main trend is on the decline, is a short-term bounce is likely. The cops might encounter on the 20-day EMA resistance.
to lie down After the breakout from the 20-day EMA, the EOS/USD Pair on a Pullback to 3,0510 US Dollar (2,6889 Euro) and 3,5147 US Dollar (3,0976 Euro). The are, respectively, 38.2 percent and 50 percent of the break-in levels of decline between 5,4793 US Dollar (4,8291 Euro) and 1.55 US Dollar (EUR 1.36).
remain If the bears can push the price by the 20-day EMA is down, the virtual currency for some of the days in a range. Aggressive traders can Long-positions above the 20-day EMA try. You should put a small Stop-Loss Limit.
LTC/USD
Litecoin is currently in the midst of a massive Pullback. He is for the first Time since the 8. November on the 20-day EMA has risen. This indicates a demand on the low level.
We expect strong resistance near 29,349 US Dollar (25,866 Euro). If the cops manage to come about and to keep in the fact is a rally in the direction of the 50-day SMA, probably. The 20-day EMA flattens out, indicating a probable change in the short-term Trends. The positive divergence in RSI is also a bullish sign.
the dealer can wait until the price is about 29,349 US Dollar (25,866 euros), before you open a Long Position. If the bears defend the overhead resistance, it could test the LTC/USD Pair is the Low of 23,090 US $ (20.35 euros).
BCH/USD
Bitcoin to Cash has a performance far below the average. He falls in a bearish sentiment is strong and is recovering at Pullbacks only slightly.
We had expected that the BCH/USD would be Some traps on 72,39 US Dollar (63,58 Euro), and it returned, after 15. December had reached 73,50 US Dollar (64,55 Euro), an all-time low. The virtual currency is oversold for some days extremely, so a Pullback is likely. A Long Position in the virtual currency, however, should dare only professional traders.
The first level, you should continue to keep at the top of the eye, is 115 US dollars (101 Euro). Above this is an increase on the 20-day EMA is possible. If the rate of 95 dollars (83,44 EUR) falls out however, a re-Test of the lowest level probable.
BSV/USD
After Bitcoin SV has fallen below the margin, there were buyers at the lower levels. This is a positive sign. If the price comes back in the range, this would signal that the market has rejected lower levels.
On 80,352 US Dollar (70,817 Euro) you can reach the BSV/USD Pair to the upper end of the range in 123,98 US Dollar (108,89 EUR). Traders can still wait for the exchange rate (UTC) includes over 80,352 US Dollar (70,817 euros), before you open a Long Position. The Stop-Loss Limits should stand at just under the low of 15. December.
Our optimistic assessment is invalidated if the price of 80,352 US Dollar (70,817 Euro) or the 20-day bends EMA down and under 65,031 US Dollar (57,314 Euro). In this case, a re-Test of the level of 38.528 US Dollar (33,956 Euro) is likely to be.
TRX/USD
TRON has shown above-average performance because he was successful on his deep of 25. November has held. The price could not break out of the symmetrical triangle, with certainty, what the pattern has been invalidated.
try Currently the bulls, to get over the 20 day EMA, while the bears are trying to defend the level. If the bulls succeed, a movement to the overhead resistance at 0,0183 US Dollar (0,0161 Euro). Traders can wait for a conclusion (UTC) over the 20-day EMA and then the Long positions open. The recent lows should be taken Loss as the Stop-Limit. We advise to wait for the conclusion, since the rate on the 29. November on the moving average increased, but it could not close.
you Should snap off the TRX/USD Pair, contrary to our expectations from the 20-day EMA is down, it may fall back to the trend line and including 0,01176658 US Dollar (0,0104 Euro).
ADA/USD
Cardano shows the first signs of a pullback from the recent lows. The bulls will need to overcome a rigid resistance in the Zone between 0,033 US Dollar (0,029 Euro) and 0.035 US dollars (0,031 Euro), so that the recovery is gaining momentum.
If the ADA/USD Pair from the 20-day EMA from the bends down, it remains in a range, and the bears could try again, the downward trend to continue. If the bulls hold, however, about 0,035 US Dollar (0,031 Euro), we expect an increase to the upper end of the range in 0,0455 US Dollar (0,0401 Euro).
Although the sliding fall averages still, the RSI has a positive divergence which is a bullish Signal. Short-term traders can wait until the price holds above the 20-day EMA, to open Long positions.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
