The views and opinions listed here are solely those of the authors necessarily reflect the views of Cointelegraph. Each Investment and Trading involves risk and you should be good to do research before making a decision.
The market data are taken from HitBTC exchange.
OTC or off-exchange trading venues are, as a rule, to institutional or large private traders. While small retailers to repel their crypto-currency holdings, and use of institutional traders with the opportunity to purchase. The greater demand by large retailers has led the US-crypto currency exchange Coinbase to open an OTC trade table for the selected customer. This shows that it is only a matter of time until the Trend turns from downward to upward.
After a crushing bear market, one might expect that the volume decreases due to the lack of buying interest. However, the nominal volume of Bitcoin, which was traded in this year, according to Satoshi Capital Research already 2.2 trillion. US dollars (1.9 trillion. Euro) is reached. The growth in this year, more than 61 percent over the total volume of the previous year's figure of 870 billion US dollars (764 billion euros). These Numbers will continue to grow once the markets 2019 reverse in the upward trend.
handles The global funds network Calastone, the mutual Fund business for more than 1,700 financial firms, wants to use the Blockchain for its entire System of Fund-trading Clearing services. Deloitte, one of the "Big Four"audit firms, estimates that the use of the Blockchain, the global Fund industry, a spare will bring it ISIN the amount of 4.3 billion US dollars (3.8 billion euros). The US market is excluded,
after the fall of the crypto-currencies are still among leading politicians and political decision-making is a topic of conversation-makers in the world. Recently, the G20 countries have called for a tax on all cross-border crypto currency, payment services, and a regulation to combat money laundering.BTC/USD
In the case of Bitcoin, it has formed a pennant, which is a consequence of pattern. A case and a circuit (UTC) under the trend line of the pennant will lead the downward trend continued and the pattern target is at 2.416,US $ 52 (2.117,34 Euro).
The level of support that could put the brakes on the case, is 3.620,26 US Dollar (3.172,04 Euro) and below the critical support at $ 3,000 (2.628 euros). Both moving averages continue to fall, and the RSI is near the oversold area, suggesting that the bears have the upper hand.
If the BTC/USD Pair did not manage to reach at least the Fibonacci retreat level of the recent decline of 38.2 percent, indicates how sales in all of the Pullbacks will be. In the face of the bear pattern and the negative sentiment traders can the Stop Loss limit to half of the Position at 3,800 US dollars (3.329 Euro) lifting and the Rest at 3,500 US dollars (3.066 EUR) left.
This bear view is invalid, if the cops buy the decline and virtual currency reversed its direction. Then you should break out over $ 4,500 (3.943 Euro). Until then, for the path of least resistance to the bottom.XRP/USD
Ripple of effort to recover. The 20-day EMA is bent downwards and the RSI is near the oversold area. This shows that the bears have in the short term, the upper hand.
The next level below, one should keep in mind is 0,33108 US Dollar (0,2921 Euro). Below the next support at days low of 25. November, the was 0,31123 US Dollar (0,2746 Euro). A case of this level attracts a re-Test the critical support at 0,24508 US Dollar (0,2162 Euro). Traders can keep the level of 0.30 US Dollar (EUR 0.26) in the eye, and their positions, if the bears keep the price below the support line of the falling channel.
will rise When the XRP/USD may attract a Couple on one of the above-mentioned support levels, it is 0.40 US Dollar (EUR 0.35). This level will be a big resistance, since the 20-day EMA is at this level. This hurdle is overcome, we expect the bulls to gain momentum.ETH/USD
Ethereum was in the last ten days in the range between EUR 130.50, US Dollar (114,34 euros) and 102,20 US $ (save 89,55 EUR). A case under the span will cause the downward trend to continue. The first target below is at 83 US dollars (73 euros).
If the cops do it, however, the lower end of the range, could lead to the ETH/USD Pair consolidating for a few days.
Both of the moving averages tend to be downward and will act in the event of a pullback as resistance. A breakout from the range and the 20-day EMA can lead to a rally in the direction of 167,32 US Dollar (146,60 Euro). Traders can still wait until a trend reversal is in sight.BCH/USD
Bitcoin Cash comes to the lower end of the range between 204,76 US Dollar (179,41 Euro) and 148,27 US Dollar (129,91 Euro). A case of this range will cause the downward trend to continue. The first objective of this downtrend is at $ 100 (88 euros).
even Though the RSI is in the oversold area, there are no signs of buying interest on the part of the cops. We are at the BCH/USD Pair is optimistic, if it breaks out above the upper end of the range and closes (UTC). The Trend is clearly downwards, and the supply exceeds the demand.XLM/USD
fell After it failed on the overhead resistance at 0,184 US Dollar (0,162 Euro) break out, Stellar. That shows a lack of buyers on the higher levels.
There is a small support at the current levels. Including it comes to a re-Test of the level of 0,13427050 US Dollar (0,1185 Euro). A case of this would cause the downward trend to continue and could cause the rate to $ 0.08 (EUR 0.07) to decrease.
Further to the above, the XLM/USD Pair at 0,184 US Dollar (0,162 Euro) against a rigid resistance. The 20-day EMA is just above this Level. If the bulls can overcome these Resistances, it is a sign of strength. Until then, traders should not to optimist.EOS/USD
EOS has regularly recorded new lows for the Year. This shows that the bulls are not buying. Every Pullback in the last couple of days, came after a day of recreation to its limit.
The next support further down is US $ 2.40 (2.10 euros). Including may extend the decline to US $ 2 (€1.75). Both moving averages tend to be downward and the RSI is still in oversold area.
would be A breakout from the downtrend line and the 20-day EMA for the first indication of a trend change. Traders should wait for a new purchase constellation, before opening Long positions on the EOS/USD Pair.LTC/USD
Litecoin has not done it in the last couple of days, from the 20-day EMA. This shows that the bears are waiting for higher levels to sell. On the other hand, the purchases will be on the higher levels less.
Therefore, it is the LTC/USD Pair is probably a re-Test of support at $ 28 (25 Euro). A case of this level to continue the downward trend, and the rate of 20 US dollars (18 Euro) to decrease.
If the cops jump out of the supports from the back to the top and from the 20-day EMA can break out, you can lie down on the virtual currency, a rally in the direction of 47,246 US Dollar (41,685 Euro), where the next overhead is resistance. Both moving averages tend to be downward and the RSI is far in the negative range. This shows that the bears have the advantage.ADA/USD
Cardano was in the last couple of days in a narrow range. A small but positive signs that he was in the upper half of the range, which indicates some buying pressure.
leads A breakout from the range to a small resistance at the 20-day EMA, which is currently 0,048 US Dollar (0,042 Euro). If the bulls overcome this, the next resistance at 0,060105 US Dollar (0,0530 Euro). Short term traders can wait for a close above the range, and then take advantage of upward movement. There is, however, a high-risk trade, should be kept the position size small.
If the ADA/USD Pair should fall under the span, which can lead to the downward trend continued and the rate on the next target in 0,025954 US Dollar (0,0229 Euro) to fall. Position traders should wait until a new one begins an upward trend, before opening Long positions.TRX/USD
After he jumped from its lows in 0,01089965 US Dollar (0,0096€) back to the top, saw TRON a rigid resistance by the 20-day EMA, the tips downwards. Just above the 20-day EMA, which is the previous support, now resistance, to 0.183 US Dollar (0,162 Euro). If the course is not one of the Resistances overcome, a re-Test of the lows is likely. If the lows are broken down, you can extend the decline to 0,00844479 US Dollar (0,0075 Euro).
If it's the cops, however, manage to come over to 0.183 US Dollar (0,162 Euro), which is a positive Signal. This would show, this was the case of the recent decline of a bear.
there is also A possibility that the TRX/USD Pair is consolidating below to 0.183 US Dollar (0,162 Euro) for a few days. Which is the case always occurs, it's best to wait for a new Buying situation, before embarking on a trade.XMR/USD
Monero trend is in a downtrend. Both moving averages and the RSI suggest a further decline.
If the bears are the recent lows of $ 53 (46 Euro) to break below, is a case on the next lower level of US $ 40 (35 Euro). Next up the bears will face rigid resistance in the Zone between 66 US $ (58 euros), and 70 US dollars (61 Euro).
The XMR/USD Pair needs to form a ground pattern. Therefore, traders should still wait until the Trend reverses, and then new positions open up.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.