Rate analysis, 31. October: Bitcoin, Ethereum, Ripple, Bitcoin, Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON

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The views and opinions expressed are solely those of the author and do not necessarily reflect the views of bcointalk.com . Every investment and every trade

The views and opinions expressed are solely those of the author and do not necessarily reflect the views of bcointalk.com . Every investment and every trade decision is connected with risks. You should perform your own research before you make a decision.

The Martkdaten were provided by HitBTC exchange market.

The White Paper on Bitcoin was released today ten years ago. Since his obscure Start-up in 2008, Bitcoin has become a global phenomenon. Since then, thousands of crypto-currencies, but Bitcoin has still managed to remain relevant. Currently, bitcoin's market position is around 54 percent.

In the last ten years, Bitcoin has experienced wild fluctuations. From a review of 2,300,03 Bitcoin for $ 1 in October 2009, the price per unit climbed by the end of 2017 to a High of $ 19.531,9. Such a large appreciation there has been in any other asset class.

With an impressive increase has been attracted to Bitcoin, both supporters as well as critics. Many traditional investors and Economists against Bitcoin skeptical, while many Millennials and technology enthusiasts of Bitcoin say a bright future for the next decade before. Analysts have set for Bitcoin in the next few years, very aggressive goals.

Although the next decade is likely to continue to attract new investors for Bitcoin, is an exponential increase as in the first decade, pretty unlikely. The increase is likely to be moderate and continuous, with occasional Sprints in between.

BTC/USD

Bitcoin looks weak. It is turning there is still no evidence of a trend. The RSI has fallen into the negative range, and the 20-day EMA turns down, which indicates that the bears have in the short term, the upper hand. A decline to $6.200, and then a re-Test of the support zone of $5.900-$6.075,04 seems likely.

The Failure of the bulls to benefit from the breakout from the descending triangle is a negative sign. If the bears, the BTC/USD-Pair is under $5.900 decrease is a rapid decrease in at $5.450, and further to $5,000.

due to the Economy closes the digital currency the year with strength. In the last three years, November and December were strong months. Therefore, in this year of a similar development. If the bulls succeed in the $6.831,99 break, a rally to $7,400 in probably. Traders who have Long positions, keep your stops at $5.900.

ETH/USD

Ethereum has traded in the last three days for under $200. A re-Test of the $188,35, which was held on the two previous occasions, is likely to be.

The 20-day EMA turns down and the RSI is in the negative range, suggesting that the short-term Trend is declining. A breakthrough of $188,35 can press the price to the next lower level of $167,32, which should serve as a strong support. A break of this level will be negative and the Pair to the next support at $136 sink.

The Trend of the ETH/USD pair should change, if the cops break the mark of $249,93. Such a movement should attract buyers, which can push the price up to the next resistance at $322,57.

XRP/USD

Ripple is since the 16. October in a narrow range. Also, the RSI is close to the center. This shows a balanced ratio between supply and demand.

The XRP/USD Pair is expected in the next few days, either from this narrow range above or below the break. Traders can enter after a breakout with a Closing price over $0.48, with a Stop-Loss of $0,42. A rally to $0.55 and later up to $0.62 in is then possible.

If, however, the bears lead to a break below the range, is a decline to the next support zone of $0,37185-$0,38838 probably.

BCH/USD

Bitcoin Cash is at 29. October, the symmetrical triangle favours. An attempt to climb back in the triangle, and failed on 30. October. The course should be under the Low of the 11. September, from $408,0182 fall, we expect a subsequent decline to the next support at $300. Therefore, traders with Long positions should keep their stops at $400.

The declining 20-day EMA and the RSI is in the negative Zone, that the seller have to Say. Our negative expectation is void if the BCH/USD-bounces off Some of the current levels and about $500 breaks out. Until then, it should be sold on all rallies.

EOS/USD

The cops trying to keep EOS about $5, but were able to obtain a recovery, which shows a lack of purchases at higher prices.

the EOS/USD Should the Pair at $5 to break, it could fall to the next support at $4,49 and including $3,8723. Therefore, traders can keep the stop of your Long positions at $4,9.

If the bulls push the price above the moving averages, is a recovery to $6,1 likely to be followed by a movement to the upper limit of the range at $6,8299. The Trend should reverse, if the price is above the upper limit of the range.

XLM/USD

The cops could try to strengthen Stellar at the trend line, below which a fall to the next support at 0.2 $ would be likely.

If the rebound from the current levels to above the moving averages and the downward line of the descending triangle, this is a reversal of the trend. The XLM/USD Pair can be bought at a breakout above $0,27, as this may lead to an upward movement to $0,36, with a low level of resistance at $0,304.

LTC/USD

Even if Litecoin has slipped in $49.466 below the support, try the cops, the Intraday Low from 12. To defend of September of $47.166. This Level should be broken, a decline to $40.

If the LTC/USD Pair from the current levels, bounces, is it in the news down-trending moving averages and the downward curve of the descending triangle resistance treoriginally.

A breakout above $60 is likely a reversal of the trend suggest, which would confirm a closing price over $69,279. We will wait until a new buy Setup is, before we suggest a Trade for this Pair.

ADA/USD

Cardano continued his journey to the South, after the symmetrical triangle has been resolved. It can fall up to $0,060105, which will act as strong support. If the bears make the price under $0,060105 fall, will continue the downward trend to continue.

The cops trying to hold the immediate support at $0,068989. If the virtual currency from the current level of recovering and moving averages breaks out, is a recreation, to the upper end of the range probably.

The ADA/USD Pair indicates a trend reversal, if it stabilized above the range. Traders should wait for the buyer to return, before opening any Long positions.

XMR/USD

try The bulls to defend support at $100.453, while the bears block the withdrawal of the 20-day EMA. Monero will correct to $90, if it drops below $100.453, and $112.5 rise, if it rises above the 20-day EMA. A breakout above $112.5 could make the crypto-currency to $128.65 on the rise.

Below $100,453 can correct the XMR/USD Pair until the end of the large range of $81-$150. If the price rises at $81 strongly, recommend a Long Position for this Pair. The bears to break this support, however, is a decline of up to $61 likely.

TRX/USD

TRON slips further and further down, in the direction of the next support zone at $0,0183-$0,0225. The moving averages are still flat, suggesting that the sideways trading is likely to continue.

A break-in at a closing price (in UTC time frame) under $0,0183 would confirm the down-trend that could put then continue through to the next support at $0,01095383.

The TRX/USD Pair should show turn signs of a trend, if it moves up to $0,03. An outbreak could push the price up to the next overhead resistance at $0,0415.

The market data are taken from HitBTC exchange market. The Charts provided by trading view.

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