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The market data are taken from HitBTC exchange.
After two years of course-based action in the crypto currency industry, the focus shift could be in the year 2019 on the fundamental basics. Until the Community puts the emphasis on the fundamental aspects of crypto, we think a sustained recovery is unlikely.
The Winklevoss twins believe that stable tokens and tokenized securities will give to the crypto-space a boost. In relation to Bitcoin (BTC), you remain optimistic and believe that he is a better investment than Gold.
The view of the Winklevoss brothers could well be regarded as one-sided as they have a large interest in growing crypto-rates. However, the entry of established players in the asset class shows what they promise.
The Vontobel Bank, the third largest Swiss financial custodian company, has launched a digital vault product for institutional investors. Large companies such as Vontobel does not occur in an area, to study them thoroughly. This gives us the impression that it is only a matter of time before institutional money is coming on the market.
However, not all banks share the attitude of Vontobel. The Bank for International settlements (BIS), investors are warned that you could lose Bitcoin money.
What do the Charts predict in the midst of these contradictory opinions? Let us find out.
BTC/USD
After Bitcoin (BTC) on December 11. and 12. January had to fight in order to, 3.598, US Dollar (3.147 Euro), he is on 13. January below the support line. There is no support between current levels and a total of 3,236,09 US Dollar (2.830,70 Euro). Therefore, we expect a gradual decline to the lows, if the cops keep it on 3.598 US Dollar (3.147 Euro). A case under the lows of 15. February will continue the downward trend to continue.
a total of 3,236,09 US Dollar (2.830,70 Euro) is the next support at the psychologically important level of 3,000 US dollars (2.624 Euro). The fact that the bears have not managed to defend the lows, confirming that the sellers have the upper hand. A new Low will undergo a serious change of mood.
would indicate If the BTC/USD Pair is reversed, however, either from current levels or a total of 3,236,09 US Dollar (2.830,70 Euro) and above the downtrend line, and, 4.255 United States Dollar (3.722 Euro) breaks out, the strength. We still see no formation of a higher high and a higher low, which would confirm a trend reversal.
Currently, we remain in this Pair neutral. Depending on how the course runs in the next few days, we will suggest a course of action. Until then, traders can wait for.
XRP/USD
The cops could not raise Ripple (XRP) in the last three days about 0,33108 US Dollar (0,2883 Euro). Currently, the bulls are trying again to come to this level. If this recovery attempt fails, we expect the crypto-currency falls on 0,27795 US Dollar (0,2420 Euro).
Both moving averages are flat and the RSI is in the negative range. Thus, the probability of the formation of a gap between 0,27795 US Dollar (0,2420 Euro) and US $ 0.40 (0.35 Euro).
The XRP/USD Pair signals the turn of any trend. Therefore, we recommend traders, is still to be seen.
ETH/USD
Ethereum (ETH) tried to jump from the critical support at 116,30 US Dollar (101,73 Euro) back to the top. The Rebound should not come above the 20-day EMA, the bears again to reach a case under 116,30 US Dollar (101,73 Euro). If this support is broken, a re-Test of the Low of 83 US dollars (73 euros).
The 20-day EMA bends downwards. This shows that the bears have in the short term, the upper hand. The 50-day SMA is flat, which suggests in the medium term on a consolidation.
If the bulls can hold above the 20-day EMA, could consolidate the ETH/USD Pair for a few days between 116,30 US Dollar (101,73 Euro) and 167,32 US Dollar (146,36 Euro). We will have to wait for a breakout above 167,32 US Dollar (146,36 Euro), before we can be optimistic in the case of the Coin.
BCH/USD
Bitcoin Cash (BCH) in the last three days below the margin. The cops couldn’t raise the rate again in the margin, indicating a lack of buyers at the current level.
The next support below is at $ 100 (87,47 EUR) and including at 73,50 US Dollar (64,29 Euro). Both moving averages to bend gradually down and the RSI is in the negative range. This shows that the seller will be hit in any Pullback to 147 US $ (129 Euro).
Our negative evaluation is void if the BCH/USD remains above the moving averages. Currently, we can see not buying constellations, therefore, we remain neutral.
EOS/USD
EOS is on 13. January, under the support of the span fell. The cops are currently trying to raise the rates again in the range between 2,3093 US Dollar (2,0106 Euro) and 3,2081 US Dollar (2,7932 Euro). If it succeeds, is likely to continue consolidating for a few days.
Both moving averages are bent downwards and the RSI is also negative. This means that the bears have the upper hand.
If the EOS/USD Pair falls below 2,1733 US Dollar (1,8922 Euro), a decrease on 1,7746 US Dollar (1,5451 Euro) and then to 1.55 US Dollar (EUR 1.36). If the crypto-currency from the current levels of jumps, however, back up and over the moving averages, can you stay longer in the margin. Our sentiment towards the digital currency will only be positive if there is an outbreak and conclusion (UTC) on 3,2081 US Dollar (2,7932 Euro).
XLM/USD
After the case, the symmetrical triangle is trying to Stellar (XLM), $ 0.10 (€0.09). If this support is broken down, a re-Test of the level of 0,09285498 US Dollar (0,0808 Euro).
Both of the moving averages tend to be downward and the RSI is in the negative range. This shows that the bears have the upper hand.
Our pessimistic assessment is void if the XLM/USD breaks out Few reverses and 0,13427050 US Dollar (0,1169 Euro). Traders can wait for a reversal pattern forms, before you open a Long Position.
LTC/USD
The bulls were unable to defend the moving averages, indicating a lack of demand. Litecoin (LTC) is currently trying to jump from the critical support at 29,349 US $ (25,553 Euro) back to the top.
indicates The strength of the jump back to the top, whether or not the LTC/USD is climbing Some more above or below the support. If the bears make it under 27,701 US Dollar (24,118 Euro), a decline to the Low of 23,090 US $ (20,104 Euro). Therefore, traders who hold Long positions should set a Stop Loss at 27.50 USD (24,06 Euro).
If the cops keep you strong back up to jump and over the moving averages, this indicates a demand on lower levels. In such a case, a recovery 40,784 US Dollar (35,509 Euro) and then a rise to 47,346 US Dollar (41,222 Euro) is likely to be.
TRX/USD
Tron is on 13. January under the 20-day EMA like. Although the rate climbed quickly back to the moving averages, the bulls with sales to a higher level.
The 20-day EMA flattens out, while the 50-day SMA is trending upwards. The points in the short term, on consolidation, but in the medium term, an advantage for the bulls. The support below is at the 50-day SMA, which in turn lies close to 0,0183 US Dollar (0,0159 Euro).
The TRX/USD Pair could stay for a couple of days in the range between 0,0183 US Dollar (0,0159 Euro) and 0,02815521 US Dollar (0,0245 EUR), before it breaks out. Our optimistic assessment is void if the price falls below 0,0183 US Dollar (0,0183 Euro). However, we could not see any reliable purchase constellations at the current level, so that we propose no trade.
BSV/USD
Although the bears on the 10. January, under the support of the span have made, they could not push the price towards the next support of 65,031 US Dollar (56,620 Euro).
face have tried In the last three days of the bulls to hold above 80,352 US Dollar (69,959 Euro), but with sales in the vicinity of the moving averages.
If the BSV/USD Pair falls below 74,022 US Dollar (64,448 Euro), is the next stop in 65,031 US Dollar (56,620 Euro). If this support is broken through, a re-Test of the level of 38,528 US $ (33,545 Euro).
When the cops reached, however, the moving averages, increases the likelihood of a rally on 102,58 US Dollar (89,73 EUR) and, in addition, on 123,98 US Dollar (remains elusive 108.45 EUR). Currently, we see no purchase constellation, therefore, we propose no trade.
ADA/USD
Cardano (ADA) has behaved differently than we expected. Therefore, we have proposed in our previous analysis traders to close their Long positions without Stop-Loss Limits to be seen.
The ADA/USD Pair is currently within a rising channel. The course is three times bent from the resistance line of the channel down. The probability of a decline from the upper end of the channel at the lower end is high.
The cops trying to jump from the 50-day SMA back to the top. If the price can hold above the 20 – day EMA, is a rally in the direction of 0,051468 US Dollar (0,0448 Euro). If the course bends, however, from the 20-day EMA down and under the 50-day SMA falls, he can fall to the strong support at 0,036815 US Dollar (0,0321 Euro). A case of this support can lead to a decrease in 0,027237 US Dollar (0,0237 Euro).
Currently, both moving averages are flat and the RSI is near the neutral range, which suggests in the near future at a probable consolidation. We wait until a new purchase constellation forms, before we suggest Long positions for this Pair.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
