Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash: Price Analysis (Shorter Version)
Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash: Price Analysis (Shorter Version)

By martintibor40 | Creation of new blog | 31 Dec 2019


I've found the best price analysis on the world and here's how it sounds : (Cointelegraph.com)

Disclaimer:

The following content isn't plagiarized, it's under fair use, credit to Cointelegraph for their excellent source

 

Bitcoin futures trading volume in its first week was only a fraction of cash Bitcoin transactions. Futures volume has been abysmal at $60 mln per day, compared to the cash transactions of $8.5 bln each day.  

However, come Sunday, the CME will start Bitcoin futures trading. Additionally, large brokerage houses are likely to follow suit and allow their clients to trade in Bitcoin futures. If this happens, we are likely to see the futures volume pick up.

Will the participation of more traditional investors boost the market capitalization of Bitcoin and the cryptocurrency universe? Max Keiser who hosts the Keiser Report on RT certainly thinks so. He believes that futures trading will help the cryptocurrency market capitalization reach  $1 tln and higher.

Notwithstanding, these are predictions for the long-term. Let’s look at the charts to find out the likely movement of cryptocurrencies in the short-term.

 

BTC/USD 

Bitcoin broke out to new lifetime highs yesterday after a three-day consolidation. This is a bullish development.

 

ETH/USD 

Ethereum fell to a low of $610.03 yesterday, close to our expectation of a fall to the 50 percent Fibonacci retracement level.

 

BCH/USD

We are in the money on our trade-in Bitcoin Cash. So, does the chart pattern suggest further upside or has the rally run its course?

 

XRP/USD

In our previous analysis, we had recommended traders to book partial profits because we expected a strong resistance at $0.86 levels. On Dec. 14, Ripple topped out at $0.88268 levels.

 

IOTA/USD

We anticipated a fall towards the 20-day EMA and that is what happened. On Dec. 14 and 15 IOTA fell close to the 50 percent Fibonacci retracement levels of the rally.

 

LTC/USD

As expected, the bulls purchased the dips to $243.86 levels, which is the 38.2 percent Fibonacci retracement of the rally. However, we believe that the levels between $300 and $342.237 will continue to act as a stiff resistance.

 

DASH/USD

Though Dash has not run away to its target of $1,199.01, it’s sustaining above $815 levels, which is a positive indication. Bears attempted to push the cryptocurrency back below $815 levels on Dec. 15, however, they were unsuccessful.

 

 

 

 

 


martintibor40
martintibor40

I'm youtuber and twitch streamer looking for earning cryptocurrencies


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