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The Martkdaten were provided by HitBTC exchange market.
The year of 2017, gave us a great rate margins and home high returns. 2018 is characterized, however, by a crushing bear market and a strong decrease of the volatility. The volatility of Bitcoin has arrived this year to a new Low, most of the Altcoins to drag. For speculators the flat markets are bad, however, they are the perfect prerequisite for long-term investment.
the Small price margins and low volatility usually lead to an expansion of the range and increased volatility. However, we assume that a market recovery has overcome several hurdles. So private investors who have bought at high prices will not sell, probably immediately, as soon as Bitcoin rises. Mike Novogratz, CEO of crypto-Investors Galaxy Digital Capital Management, predicts that Bitcoin 2018 comes over 9,000 US dollars.
Has formed a Bitcoin of the floor or the fall goes on?
Tom Lee, head of research at Fund joined, asked the question on Twitter. The results of this survey were quite interesting. 25 Wall Street houses, the parties, the majority was of the opinion that the price of Bitcoin “has already formed a bottom”. The majority of the 9,500 Twitter users, however, assumes that the crypto-currency continues to fall.
57% of the institutions see for Bitcoin is a Minimum target of US $ 15,000 until the end of 2019, which is 127% higher than the current rate.
BTC/USD
The bears could not take advantage of your opportunity that Bitcoin was most recently fallen below the trend line. Now the crypto-currency has recovered and is back above the 20-day EMA. On the upper side of the downtrend line of the descending triangle and the 6.832 US-Dollar brand values are crucial guidelines. If the cops come across this, then the bearish pattern, which in turn is a bullish sign shall be forfeited.
Special attention to the Intraday High of 4. September will be placed at 7.413,46 US dollars. If this mark can be cracked, then the BTC/USD could create a Couple of an upswing of up to 8,500 dollars. At least here the cops will defend but strong.
On the bottom could be the start of a fall below the Support Zone of 6.341-6.435 US Dollar a further descent to the critical Zone of 6.075 – 5.900 US dollars. Also, this Level should be exceeded, then a number of stops will be triggered, which would lead to a free fall. Accordingly, Long positions should set up a Stop-Loss of 5,900 USD.
ETH/USD
Ethereum is located in the center of the 200 – US $ 250 range. In the past few days, the Intraday price range is shrunk, what a lack of purchase or sale of interest.
A first bullish indication would be a break and close above the $ 250 mark. This would attract buyers and the ETH/USD Pair on the next Level of 322,57 US-Dollar raise.
on the Other hand, could be below the US $ 200 mark, the currency, however, under the Low of the 12. September falls (167,32 US dollars), what would strengthen such a downward trend.
In the current constellation, we find no good purchase possibilities, therefore we do not recommend to trade.
XRP/USD
In the last two days, the Ripple was between 0.50 – $ 0.55. A breakthrough of 0.55 US Dollar could climb up to the top-side resistance of 0.625 U.S. dollars. If this mark is breached, and continues the upward trend.
to test A fall below $ 0.50 is the Support of the 20-day EMA. If this Support fails, then the tested lower limit of the price range (0,425 US dollars). This should be adhered to, it can lead to a decline of up to 0,37512 US Dollar.
Since the course ends on the Sliding means (MA) is the upward bias — we recommend Long positions in the XRP/USD-hold the pair with a Stop Loss at $ 0.42.
BCH/USD
Bitcoin, Cash was able to hold on to the last few days above the 20-day EMA, however, the bulls were unable to push the rate even higher.
A breakthrough of 600 US Dollar mark could indicate a new upward trend, while a fall below 400 U.S. dollars, the downward trend continues.
to keep The BCH/USD Pair continues to hold above the 20-day EMA, which is why we recommend Long positions with a stop of 400 US dollars.
EOS/USD
EOS has formed at the bottom of a symmetrical triangle. She’s since 26. September continues to be between 5.30 and 6 US dollars. Undercut the 50-day SMA have led to purchases, which is a positive sign.
A breakout from the symmetrical triangle has a target of $ 8. However, we expect that the EOS/USD Pair 6.80 US-Dollar strong resistance. Investors can hold their Long positions with a stop of $ 4.90 USD. If the trend line of the triangle is closed, it could slip off the prices are back up to 4.49 dollars.
XLM/USD
Stellar couldn’t stay the last few days above the 20-day EMA, but managed to close above 0,24987525 US Dollar.
below the 20-day EMA can lead to a downturn up to the 50-day SMA, even including up to the critical Support of 0,21489857 US Dollar.
The XLM/USD Pair shows bullish, as soon as it can raise above the downward trend line of the descending triangle and hold it there. Since the bulls were able to defend the 20-day EMA, we recommend Long positions with stops of 0.21 U.S. Dollar.
LTC/USD
Litecoin is located in the middle of the range of 49,466 – 69,279 US Dollar. The Moving average in the last nine days flat, the RSI is in the midfield.
The LTC/USD Pair is positive if it can crack the $ 70 mark and this remains. In case of a fall below 49 US dollars, the Trend is negative. to act
Within a price range, always associated with volatility. Therefore, d can ie stops are triggered on both sides. Short-term investors could buy a small amount, as soon as the price bounces from the bottom of the range. Long-term however, investors should wait until the price goes over $ 70, before an investment is worth it.
ADA/USD
Cardano is on 2. October below the 20-day EMA fell, however, the bears were unable to push the rate below the Support of 0,071355 US Dollar. The Moving average is flat and the RSI is near 50, which indicates a balance.
Should come Dollar the ADA/USD Pair on 0,94256 US, then the cops are at an advantage, while a fall below 0,071355 US Dollar means the advantage for the bears.
Between these two brands is to consolidate the digital currency for the time being. We wait until a buying opportunity arises, before we make any recommendations.
XMR/USD
Monero is since 29. September, close to the USD 115 mark. It is a Balance between buyers and sellers.
Also here are the Moving average flat with the RSI at 50. The trade activities will remain in the next few days so continue to mau.
The XMR/USD Pair could move to $ 140, if it remains about 121 U.S. dollars. A break below 107,80 US Dollar, however, could lead to a crash on the 103 or 96 US dollars. Investors should hold Long positions with a Stop Loss of 100 dollars.
IOTA/USD
IOTA makes it look more in the range of between 0,6170 – 0,5000 US Dollar easy. Both Moving average are flat and the RSI is close to the center, remaining in the range is likely to be.
Should break out the IOTA/USD Pair to the top of the range, then this would attract buyers. The first target would be in such a case, in the case of 0,8152 US Dollar. The outbreak, however, goes in the lower direction, then the crypto-currency will test the Low at 0,4037 US Dollar again.
investors should wait until the price closes above US $ 6.50 before a Long position would be entered.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
