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The Martkdaten were provided by HitBTC exchange market.
The sharp drop in Volatility in Bitcoin at the same time as the volatility of the U.S. stock markets, a sign of the decoupling of the crypto-currencies of the equity markets. You have developed into an independent asset class, which is supported by its own fundamentals.
A recent report by the investment Bank Morgan Stanley underlines the importance of Bitcoin and Altcoins as an asset class for institutional investors. However, each new asset has to reckon with numerous hurdles. Crypto-currencies are currently going through a period of rejection before you will be able to enforce.
sit Once this indecision is overcome, we are likely to see a number of buyers currently on the sidelines. Michael Novogratz, CEO of Galaxy Digital, believes that 2019 will be an important year. He predicts that Bitcoin will rise in the first quarter of about $10,000, and made his way to the North will continue to achieve until the end of the year, then $20,000 or more.
While the larger players to focus on Bitcoin, there is a tussle between the two Top Altcoins for second place. Ripple has overtaken Ethereum in terms of market capitalisation for a short time as a leading Altcoin, before Ethereum was able to conquer his Position and then finally back again.
The crypto currency market seems to slowly get back into gear. Let’s see what coins might recover at the current levels.
BTC/USD
Bitcoin tries to make the sliding stay cut. In the case of a closing price on 6.654,51 $, it could recover up to 6.831,99$. The price has moved away from this resistance three times to the bottom. This is, therefore, an important brand that one should observe in the case of the upward trend. An outbreak it could push the crypto-currency up to $7.400. The moving averages are flat, indicating the balance between bulls and bears.
A $6.831,99 should extend to the remaining within the trading range. On the other hand, the mark of $6.200 worked already as a strong support. This Level should be broken, a re-Test the critical support zone at $5.900-$6.075,04 probably.
The BTC/USD Pair would be negative in the case of a break-in under 5.900$. The lower supports lie at $5.450 to $5,000. Traders with Long positions should, therefore, adhere to your stops at $5.900.
ETH/USD
Ethereum has risen above the moving averages. It should now try to increase gradually to $249,93.
the First signs of a trend reversal would be if the ETH/USD remains above the trading range. Such a move could bring in up to $300 and up to $322. Traders should wait for a closing price (in UTC time frame) about $249,93 and then with a suitable Stop-Loss to get in.
the bears Should defend the overhead resistance, will trade the digital currency in the next few days still within the range. The downward trend should continue in the case of a breakdown under $188.35 and $168,32.
XRP/USD
Ripple our buy signal on 31. October, triggered as it is 5. November over $0,48 UTC lock (time-frame). Although the bears tried, the Pair on 6. To drive November in down, found it at the moving averages support and then moved again.
Today, the XRP/USD is Pair facing a resistance at $0,55. The cops should be able to the moving averages to defend and to push the price above this overhead resistance, with a recovery to $0.62 in probably. Partial profits can be taken at this level, and the Rest of the Position can be held with a Stop Loss as $0.62 for a rally to $0,7644 is likely to be.
The upward sloping moving averages and the RSI is near the overbought area show that the short-term Trend: bull. The virtual currency under the sliding should averages fall, this would make our positive vision to nothing. Therefore, traders should use an initial Stop Loss of $0,425.
BCH/USD
In the last seven days, Bitcoin, Cash has risen by around 55 percent, which is a bullish sign. It is now reaching to the overhead resistance at $660.0753, from where it was recovered at the beginning of September.
It is difficult, the reaction of the BCH/USD pair after the fork, to predict. Therefore, traders should take partial profits at the current level and the Rest with a suitable Stop-Loss.
Should press the bulls, the price is about $660.0753, could the digital currency to recover to $850. Therefore, do not propose to close the entire Position. The 20-day EMA has turned upward, which is a positive sign.
As the RSI has reached the overbought area, it could consolidate the virtual currency for a couple of days. Our optimistic assessment is void if the bears push the price below $400.
EOS/USD
EOS is close to the upper limit of the narrow range of pre-come. The cops are since the 24. September not came in addition, so that we expect a strong defense of this level.
A breakout could propel the EOS/USD Pair up to $6,8299, where it will be likely to attract momentum and then to $9,1668, and further to $11,4 could recover. Therefore, traders who are Long should keep your Stops at $4,9, just below the support line of the tight price range.
If the COP does not succeed, the margin of escape, you could drop the Pair for $5 in the lower area, below which a fall to $4,493.
XLM/USD
Stellar is a force on the down line of the descending triangle broke out, which is a bullish sign. With the recent rate of development, it has reversed the downward pattern. Even if it is not uur triggered in the previous analysis suggested a buy signal, it has held two days above the downward line.
We therefore recommend Long positions on a breakout above $0,275. The target is a rally to $0.36 in. If the bears defend the overhead resistance at $0,304, traders can either pull the stops higher, or their positions close.
Our bullish view is void, if the XLM/USD Pair turns from the current level down and the moving averages, breaking through. The first stop should be maintained at $0.2, and depending on the course of development, these can be quickly increased.
LTC/USD
As in our previous analysis predicts, will defend the bear, the Zone between the 50-day SMA and the down trend. Therefore, we had recommended that part of the profits mitsunehmen, if Litecoin is approaching the downward trend.
We have not proposed that all of the gains, since a breakout from a downward result trend to a recovery, to $69.279. Therefore, traders have booked profits should follow, the stops for the remaining position to $50.
We expect that the 20-day EMA will offer strong support for a decline from the current level. Both moving averages are flat, suggesting a continuation of the consolidation. The LTC/USD Pair is likely to resume its downward trend again, it should fall under the mark of $47,246.
ADA/USD
Cardano fell on the 29. October, the symmetrical triangle, but the bears could not break the support at $0,068989 yet. This led to a decline that has led to the virtual currency is now the resistance line of the symmetrical triangle.
The cops, at this moment, a resistance at $0,082207 confronted by a recovery to $0,094256 would probably be. If the ADA/USD-Pair can overcome the immediate resistance, should fall back, and in the range of $0,068989-$0,082207 stuck.
We could not find any reliable Buy Setups at the current level, so that we remain in this currency pair is neutral. We will propose a Long Position, if we determine that the buyer return.
XMR/USD
Although Monero has held in the last three days, more than $112,44, has not won it yet dynamic. This shows a lack of demand at higher rates.
Between the 25. September and the 10. October, we had to build the bulls have no momentum, which led to a decline until the end of the narrow margin.
If the bears let the XMR/USD Pair below the moving averages decrease, should it return again in the narrow range between $100,453 $112,44. We couldn’t find a reliable buy Setup on the current level, which is why we will not propose Trades.
TRX/USD
TRON is still within the range with a slightly positive tendency. The price has risen above both moving averages, but has difficulties to find buyers at higher levels.
as Long as the TRX/USD Pair moved in a range, we expect random movements are just trading difficult to find. There will be either a break to the upside or a break-down.
A rally above the Intraday highs of 15. October is likely to drive up the price in the direction of $0,04158193. However, the bulls have broken out already two Times above the overhead resistance, but could not hold the overlying courses. Therefore, traders should wait for the digital currency over $0,03 includes (UTC time frame) before opening new Long positions. The Trend is likely to develop a negative, if the bears leave the price below $0,0183 fall.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
