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The market data are taken from HitBTC exchange.
Mark Dow, a former Economist at the International monetary Fund (IMF), which had opened in December last year, a Short Position on Bitcoin, has tweeted that he closed his positions. Dow mentioned, however, that he had not opened a Long Position and also do not intend to.
Mike Novogratz, another prominent trader, a former Goldman Sachs Partner and founder of the crypto-trade Bank Galaxy Digital, expected to be the leading digital currency, will hold at 3,000 US dollars (2.636 Euro). He expected a speedy consolidation between $ 3,000 (2.636 Euro) and $ 6,000 (5.272 Euro).
Some crypto-hedge Fund, which had jumped on the bandwagon without adequate risk management measures on the train, their farms. Others, such as Morgan Creek Digital will be in the use of capital at these low rates is now more aggressive.
further institutional crypto-currency trading company called Genesis Global is continuing to expand and expect that they will increase in 2019, is its workforce. The large US-crypto exchange coinbase has doubled the number of its employees since June.
it shows that the actors have made a wise investment, benefiting from the decline, and a bright future.BTC/USD
Bitcoin is currently in a Pullback. He is for the first Time since the 14. November on the 20-day EMA has risen. This shows that aggressive bulls will buy him and the Short positions closed. Wednesday is the third day of the Pullbacks. Normally, the reversal of the rally fizzles out in a strong down trend within three days.
If the cops, the BTC/USD-support Pair continues, it is the first overhead resistance at $ 4,500 (3.954 Euro). We expect some resistance at this level, since short-term traders will book profits and aggressive bears are back open Short positions.
The main trend is still declining. The flattening of the 20-day EMA and the RSI is in the neutral range, however, show that the short-term Trend changes. The next Leg down will give us a better insight into whether or not a floor has been reached, or whether it is only a small recovery rally.
The important levels, you should continue to keep the above in mind, at about 4,500 US dollars (3.954 Euro) and 5.000 US-Dollar (4.393 Euro). Below is a case,a total of 3,236,09 US Dollar (2.843, 58 Euro) would lead to the downward trend again. Investors can hold their positions. We wait until a new one upward trend, before we open new positions.XRP/USD
The recovery in the Ripple climbed above the 20-day EMA and is now the next overhead resistance at 0.40 US Dollar (EUR 0.35). The 50-day SMA is also located in the vicinity, so that we can expect a slight Pullback or consolidation at this level.
When the cops come through the 50-day SMA, may extend the rally up to the resistance line of the falling channel at $ 0.50 (€0.44). The Zone between $ 0.50 (€0.44) and 0.62 US Dollar (€0.54) will be a great obstacle. Short-term traders can capture this level of partial gains and the stop for the remaining positions.
If the XRP/USD bends Few , however, of US $ 0.40 (€0.35) to the bottom, there is a correction to 0,33108 US Dollar (0,2910 Euro). Both moving averages are flat and the RSI has climbed into the positive range, which suggests a turnaround. In the next 3 to 4 days we will know more.ETH/USD
Ethereum has risen above the overhead resistance from 102,50 US Dollar (90,07 Euro) and the 20-day EMA. So he came back in the previous consolidation.
The ETH/USD Pair was able to climb to the upper end of the range at 130 US dollars (114 Euro). The Zone between 130 US Dollar (EUR 114), and 136,12 US Dollar (119,61 EUR) is likely to act as a rigid resistance. Short-term traders can capture this level of partial gains and the stop for the remaining Position.
Should not be able to get the bulls the momentum and the digital currency in a correction to come, to reach our desired goal, we expect a strong support at 102,20 US $ (89,80 Euro). If this level is broken down, a re-Test of the lows is likely.EOS/USD
EOS has managed effortlessly over the 20-day EMA and is on the best way to reach the 38.2% Fibonacci burglary level of 3,0510 US Dollar (2,6814 Euro). This level could be a small resistance.
The 20-day EMA, however, is flattened, and the RSI is close to the positive range. This shows that the short-term Trend changes. About 3,0510 US Dollar (2,6815 Euro) may extend the Pullback on 3,5147 US Dollar (3,0889 Euro).
If the EOS/USD Pair from one of the above levels, bends down, there will probably be a support in the vicinity of 2,1733 US Dollar (EUR 1.91). The downward trend is set to continue with a case under 1,55 US Dollar (EUR 1.36).XLM/USD
Stellar has reached the critical overhead resistance at 0,13427050 US Dollar (0,1180€), from where he on 8. December abknickte down. If the bears can defend that level again, it could be a slight correction or a consolidation.
If the cops on 0,13427050 US Dollar (0,1180€), is a rally in the direction of the 0,184 US Dollar (0,162 Euro). The 20-day EMA flattens. This shows that the short-term sales trend is changing.
The XLM/USD Pair, however, has below-average performance, because it has not exceeded the 20-day EMA and the RSI is still in negative territory. Therefore, we recommend not to trade. We are correct in our prognosis, if we can find a reliable purchase constellation.BCH/USD
How to wir had not expected, increased Bitcoin to Cash of its all-time low of 72,39 US Dollar (63,61 Euro). This has corrected the oversold value of the RSI.
the rate is at The 20-day EMA, which could act as a rigid resistance. We expect a slight Pullback from this level. Below the level of 100 US-dollars (87,87€) could be a first support.
If the bulls can continue to buy and above the 20-day EMA and hold, can extend the recovery up to 205 US dollars (180 Euro). The BCH/USD Pair has experienced in the past already vertical rallies. Retailers that have opened at lower rates, Long positions should be part of the items with a trailing Stop-keep Loss open to any tips to take. Our optimistic forecast is void if the price falls below 72,39 US Dollar (63,61 Euro).LTC/USD
Litecoin has risen above the overhead resistance of 29,349 US Dollar (25,793 Euro) and the 20-day EMA. The Pullback can extend up to 36,428 US Dollar (32,015 Euro). The falling 50-day SMA lies just above this level. We therefore expect that this will be a big hurdle for the bulls.
The 20-day EMA is flattened, and the RSI has climbed into the positive range. This suggests that the short-term Trend changes. After such a long bear phase, we expect that the LTC/USD Pair will complete a ground training before there is a new upward trend.
It is likely that there will be a couple of days to trade in a range. Therefore, the short-term traders in regular intervals should book profits. Our assumption is void if the bears make the virtual currency 23,09 US Dollar (20,29 Euro) to decrease.BSV/USD
Bitcoin SV is again in the range between 80,352 US Dollar (70,617 Euro) and 123,98 US Dollar (108,94€). Currently the price is facing a resistance at the downward trend line.
as Long as the BSV/USD remains in the range, it is likely to reach the upper end of the range in 123,98 US Dollar (108,94€). Our optimistic forecast is void if the course bends from the current level down and under 80,352 US Dollar (70,617 Euro).
In such a case, will try to bear, to reduce the virtual currency 65,031 US Dollar (57,153 Euro). Due to the short trading history of the traders should book at regular intervals profits and the stops on the remaining positions on a regular basis to the top position, in order to protect your capital.TRX/USD
TRON has his Status as an above-average Performer among the Top crypto currencies. Its Pullback has broken the 50-day SMA and is testing a key support at 0,0183 US Dollar (0,0161 Euro) again.
retailers that have opened on lower levels Long positions can be recorded at this level for partial profits, as we expect a strong resistance at 0,0183 US Dollar (0,0161 Euro). The correction from the current levels is likely to be found at the 20-day EMA and 0,01339050 US Dollar (0,0118 Euro) support.
may rise If the TRX/USD Pair breaks out, however, 0,0183 US Dollar (0,0161 Euro) and keep it in the medium term 0,02815521 US Dollar (0,0247 Euro). The rising 20-day EMA and the RSI is in the positive range indicate a possible trend reversal.ADA/USD
Cardano has risen above the 20-day EMA and again climbed in the previous range between 0,033065 US Dollar (0,0291 Euro) and 0,045516 US Dollar (EUR 0.04). The 20-day EMA is flat and the RSI is close to the center. This indicates a possible short-term consolidation.
If the ADA/USD Pair on 0,045516 US Dollar (EUR 0.04) breaks out, it's met at the 50-day SMA resistance. Above this level, the recovery can reach up to 0,060105 US Dollar (0,0528 Euro).
Should allow the bears to the course, however, under the margin decline, a re-Test of the lowest level in 0,027237 US Dollar (0,0239 Euro). The downward trend will continue, if this level is broken down. Traders should close their positions quickly if the virtual currency breaks out on the Resistors.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.