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The Martkdaten were provided by HitBTC exchange market.
experts about the future behavior of the crypto-markets disagree. Mike Kayamori, the CEO of Quoine, expecting that Bitcoin will reach by the end of next year, a new all-time highs, and believes that the low point is close to the current levels.
on the Other hand, Malachi Salcido, the chief of the Wenatchee, Salcido Enterprises with headquarters in Washington, expected that the Situation may worsen a bit before it gets better, according to Bloomberg. He expects the markets to be reached in February 2019.
Although the markets are far below their Lifetime highs, this has not deterred the investments of large players. The ability of new projects to raise funds, shows that the interest in crypto-currencies remains large and the markets have a good future.
In a recently published report by the American global management consultancy A. T. Kearney expects that Bitcoin will win by the end of next year, two-thirds of the entire crypto market capitalization. Currently, the Bitcoin dominance is about 54 percent. This means that Bitcoin is at the expense of Altcoins could Hiking to the top. Investors should avoid buying questionable crypto-currencies and to those with good visibility.
BTC/USD
The main trend in Bitcoin is declining. In the last two days the cops have tried to defend the trend line, but could not push the prices further. This shows a lack of purchases at higher levels, and a high selling pressure. The moving averages tend to be downward and the RSI is near the oversold area. A collapse of the plume wing is likely to lead to a resumption of the downtrend, a pattern target of 2,416,US $ 52.
We believe that the BTC/USD Pair strong purchases will be recorded in the Zone of 3,500 to 3,000$. If the bears push the price below $ 3000, the next Stop at 2.416,52 $.
the cops, the pennant trend line to the conclusion of the courses and in the opposite direction to keep (the UTC time frame), this indicates strength. The first indication of a reversal of the trend will be that the price remains above the resistance line of the pennant. A breakout above the 20-day EMA increases the probability of a pullback on the values of the crash 5,900 $.
There is the possibility that the course will remain in the next few days, at the current level. The course moves from the vertex of the triangle, without causing an eruption or a break-in, lifted the pennant formation and the digital currency could be entering a new trading range.
We should get within the next 3-4 days to get a clearer picture. In the meantime, traders can keep their stop for the Long positions that were suggested in the previous analysis.
XRP/USD
The cops have tried in the last two days, to keep the Ripple on the next support at 0,33108 $, but were able to secure a strong recovery. This shows that the bears have the upper hand.
A break below $0,33108 is a decline to the lows of 25. November $0,31123. The support line of the descending channel is just below this level. We expect in this area a strong support. Contrary to our opinion, a re-Test of $0,24508 is likely, if the bears press the XRP/USD Pair below the channel.
If the cops have to defend the bottom of the channel, a strong recovery initiate, and the 20-day EMA break out, it increases the probability of a rally to the top of the channel is 0.52 $. Traders can close their Long positions, you should keep the price below the channel.
ETH/USD
Ethereum is slipped to the bottom of the range. A collapse in the lows, the downward trend resurgence, and could cause the rate to the next lower support at $ 83 and sink.
If the cops get in on this drop to $100, is likely to try the ETH/USD Pair to climb to $130,5, where there is a strong resistance at the declining 20-day EMA.
for A withdrawal to $167,32 is to be expected, if the bulls can keep the price above the mark of $130,5. Even if short-term oriented traders may try to go long, should Position Trader to wait until a new purchase has formed the Setup, before you enter into new Long positions.
XLM/USD
Since both the moving averages are falling and the RSI close to oversold values, is Stellar in a clear downward trend.
The bears have defended a re-Test of the Breakout Levels at 0,184 $ is successful, and the XLM/USD Pair has moved downwards again. A break-up of the brand of 0,13427050 $ will continue the downward trend to continue. The next goal that you should consider in a downtrend is $0,08.
Should be defending the cops to the value of $0,13427050, could remain the digital currency for a number of days in a range. We will assess him positively, should stay the course on 0,184 $. Until then, it is best to remain on the sidelines.
BCH/USD
The bears have Bitcoin Cash in hand. The course is from the Intraday Low of 25. November einberochen in 148,27 $ and has resumed a downward trend. The next support on the down side, is with 100 $ is significantly lower. The RSI is deep in the oversold area, suggesting that a Pullback could begin already above the 100 $mark.
After the sharp decline of the last few days, we expect BCH/USD Pair made a substantial recovery. Short-term traders can take advantage of the opportunity, in this rise to the top to join, but first of course must cease to fall. The Catch of a falling knife can be dangerous. Therefore, traders should wait bis the demand exceeds the offer, before establishing new positions.
EOS/USD
EOS is on a one-way street. Since the collapse of the 4,493 $-brand the course has reached new lows for the Year. The downward trend is so strong that the cops could not get the Pullback for longer than a day.
The Trend is valid as long as the bears keep the price below the downward line. The first goal is down, a decline to $2.
The RSI is, however, since the 19th century. November is in the oversold Zone. This shows that the sales are covered, and a Pullback can be expected at 2 $, so that the EOS/USD Pair is so strong it will occur after a downward movement is likely in a bottoming out. Traders should wait until a bull has formed pattern before you take again Long Position.
LTC/USD
The cops have tried to reach a low point in Litecoin close to the 28$. The recovery came at the 20-day EMA to a Standstill, which confirms the strong downtrend.
A break-up of the brand of 28 $ will activate the downward trend again, and the LTC/USD Pair to the next support at $ 20 fall. If the bulls defend the 28 $-brand successfully, you could vary the digital currency for a few days within a range.
there was An outbreak at 37 $ will create a short-term trading opportunity for rising rates, with a target of 47 $, where, probably, a strong resistance. Position traders should wait until a trend reversal is signalled, before you respond again Long positions.
ADA/USD
The main trend in Cardano is on the decline. In recent days, the cryptocurrency has consolidated in a narrow Range. The bears should break out of this Range, as will emerge in the main trend again, with the next support at 0,025954 $.
The 20-day EMA is falling and is just above the top of the trading range. We assume that this level will participate in a retreat as a strong resistance.
Should push the cops to the prices, however, over the 20-day EMA, could the ADA/USD Pair recover up to the overhead resistance of $0,060105. Short-term traders could take part in this movement, but long-term investors should wait with boarding until a new use upward trend.
TRX/USD
even Though TRON didn’t come in the last days over the 20-day EMA, we like the way it has maintained its support. The crypto-currency is clearly stands above its recent low.
The cops keep the TRX/USD Pair for the last five days, above the level of $0,0133, while the bears, the 20-day EMA above have defended.
Should overcome the bulls, the 20-day EMA, a recovery up to the next overhead resistance at 0,0183 $ probably. If the bears make the virtual currency, however, under 0,0133 $ drop, a re-Test of the lowest level of 25. November of 0,01089965 $ probably. Traders should wait with Boarding until a bullish Setup has formed. We expect a breakout or break-in this week.
XMR/USD
The cops trying to defend the Low of 53.1 $ of Monero for two days. But they could lead to no recovery, suggesting a lack of buying interest. Both moving averages are falling and the RSI is near the oversold area, suggesting that the path of least resistance is down.
Closes the XMR/USD Pair (UTC time frame) below the 53 $mark, could extend the decline towards the next support at 40$. Above the 20-day EMA continues to act as a stiff resistance. Traders should wait until the downward trend turns around turns, before opening again Long positions.
Market data is provided by the HitBTC exchange. Charts for the analysis are provided by trading view.
