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The market data are taken from HitBTC exchange.
The CNBC commentator and CEO of the digital currency, investment company BKCM LLC Brian Kelly believes that Bitcoin „about 50 percent“ under his value. But just because he is below his value, is not a sufficient reason for a rise. Kelly says that he would be due to the extremely negative sentiment surprised if Bitcoin would fall to $ 1,500 (1.326 euros).
Although it is difficult to predict at which point of the current bear market reaches a bottom, various experts assume that the next bull run will be very strong. Zhu Fa, the co-founder of Poolin, a crypto Mining Pool in China, a very ambitious forecast. He expects that Bitcoin will reach in the next bull phase 738.000 US Dollar (652.616 Euro). However, he warned that the next bull run could be the last.
Although, such an astronomical rate goals are tempting, we have to look for currently, according to the fundamental developments, which are expected to lead the crypto classes from the bear market. The Japanese E-Commerce company Rakuten will likely integrate crypto payments into its mobile App, on 18. March arrives on the market. That would be a welcome step, through the Kryptos, a greater mass acceptance could reach.
In the last few months, there were a couple of recovery attempts could not prevail, however. Indicates the current recreation ground? Let us, on the basis of the Charts to find out.
BTC/USD
The narrow margin in Bitcoin (BTC), moved, unlike the previous movements, to the top. Currently, the price attempts above the downward trend line break out, which has worked since the end of November 2018, as a rigid resistance. A breakout above this resistance would signal strength and buyer attract.
traders can wait for a conclusion (UTC) above the downward trend line and 30 percent of their desired Position to buy. The Stop-Loss Limit may be just below the low stands at 3,200 US dollars (2.830 euros). The next level about, you should keep in mind, at 4,255 US Dollar (3.763 euros).
completed A breakout above 4.255 US Dollar (3.763 euros), a double bottom pattern in which the target is at 5.273,91, US Dollar (4.663,73 euros). Dealers can add the remaining 70 percent of the Position in case of an outbreak, and the conclusion 4.255 US Dollar (3.763 euros).
If the bears, contrary to our expectations, the overhead resistance from 4,255 US Dollar (3.763 euros) defend, the BTC/USD will remain Some few days longer in a margin. Our optimistic assessment is void if the Couple bends down and under, a total of 3,236,09 US $ (2.861,68 Euro).
ETH/USD
Ethereum (ETH) 17. February broken out above the overhead resistance at 134,50, US Dollar (118,94 EUR) and higher climbed. The next goal is 167,32 US Dollar (147,96€). Traders with Long positions can put Loss half of their Stop-Limits, just behind it, in order to protect approximately 75 percent of the profits. The rest of the Position can be held with the Stop Loss at the breakeven point. We do not recommend to capture the gains, as we expect an increase in 167,32 US Dollar (147,96€) and higher. Therefore, we will leave for the half of positions.
The 20-day EMA falls gradually higher and the RSI is climbing to the overbought area. This shows that the bulls have the upper hand. The Couple is in the early stages of an ascending triangle pattern. Our optimistic forecast is void if the ETH/USD bends Pair from the current level down and back under 134,50 US Dollar (118,94 EUR) slips.
XRP/USD
Ripple (XRP) is above the 20-day EMA and the 50-day SMA broke out, which is a positive sign. He can now climb up to 0,33108 US Dollar (0,2926 Euro). The course is since the 10. January remained below the level of 0,33108 US Dollar (0,2926 Euro). A breakout above this indicates, therefore, an upward trend. Trader can open in case of an outbreak, and the conclusion (UTC) on 0,33108 US Dollar (0,2926 Euro) Long positions. The Stop-Loss Limit can be set in 0,275 US Dollar (0,243 Euro). The aim of this Trade is at 0.40 US Dollar (EUR 0.35) and higher.
If the XRP/USD bends Pair, contrary to our expectations, the overhead resistance from the bottom, it could remain for several days in a span. The downward trend continues in a case under the critical Zone between 0,27795 US Dollar (0,2457€) and 0,24508 US Dollar (0,2166 Euro). The flattening moving averages and the RSI of 50, suggest that the short-term consolidation.
EOS/USD
EOS is broken out of the overhead resistance zone of 3.05 US dollars (2,70 Euro) and 3,2081 US Dollar (2,8356 Euro). The next goal is 3,8723 US Dollar (3,4227 Euro), and in the case of 4,4930 US Dollar (3,9714 Euro). The gradually up-trending 20-day EMA and the RSI is in the overbought zone, showing that bulls have the upper hand. Traders with Long positions can protect half of their positions with an almost underlying Stop-Loss and the Rest with a Stop-Loss at $ 2.50 (€2.21) afterwards.
We expect some resistance at 3,8723 US Dollar (3,4227 Euro), but this is likely to be overcome. The goal for the EOS/USD Pair is 4,4930 US Dollar (3,9714 Euro).
Our optimistic assessment is void, if the bears force a strong reversal and the course again under 3,2081 US Dollar (2,8356 Euro).
LTC/USD
After Litecoin (LTC) has climbed in the last three days, gradually to the top, he broke out finally, in the case of 47,2460 US Dollar (41,7607 euros) on the overhead resistance. If the bulls can hold the breakout, the next target in 56,910 dollars (50,3027 Euro). The upward trend in floating point averages, and the RSI is close to overbought area, that the path of least resistance leads to the top.
If the cops can’t keep up, however, 47,2460 US Dollar (41,7607 Euro), book Trader partial profits on your Long Position and the Stop Loss at Rest at 40 US to leave the Dollar (35,37 Euro). A case under this level can lead to a drop to US $ 35 (30,95 euros) and below. The LTC/USD Pair is going to decline, if it bends from the critical support at 27,701 US Dollar (24,485 euros) to the bottom.
BCH/USD
After Bitcoin Cash (BCH) in the last six days at about 121 US dollars (107 euros), it starts now, gradually to the top. He pushes currently at 141 US dollars (125 Euro).
After a breakout above 141 US dollars (125 Euro), we expect, however, that he is gaining momentum. Therefore, a dealer at a closing (UTC), you can buy above 141 US dollars (125 euros) and the Stop-Loss below the recent lows of 116 US-Dollar (EUR 103). The first level, you should keep the above in mind, is located at 163 US dollars (144 Euro). It may extend the upward trend up to 175 US dollars (155 Euro). The BCH/USD Pair could consolidate at 175 US dollars (155 Euro), or correct. The Couple has had in the past, however, often vertical rallies. If the cops 175 US dollars (155 Euro) to break through, would be a rally in the direction of 220 US dollars (195 euros).
Our optimistic expectation is void if the Pair of 141 US dollars (125 euros) to the bottom bends. The Trend will be negative, if the bears allow the virtual currency to under 103 US dollars (91 euros) to decrease.
TRX/USD
The cops are trying to in the last five days to stabilize TRON (TRX), but at the 50-day SMA resistance. The moving averages are nearing a downward Crossover, what would signal weakness. A case under 0,02344160 US Dollar (0,0207 Euro) you can leave him on 0,02113440 US Dollar (0,0187€) and including 0,0183000000 US Dollar (0,0162 euros) slides.
If the TRX/USD Pair, however, the two moving averages comes, it will be at the downward trend line, and in the case of 0,02815521 US Dollar (0,0249 Euro) sellers. The Pair is gaining momentum, if it can keep on 0,02815521 US Dollar (0,0249 Euro). The goals that you should keep the top of the eye, are 0,0380 US Dollar (0,0336 Euro) and 0.040 US Dollar (0,0354€). Therefore, dealers with Long positions can Stop-Loss Limit set at 0,0230 US Dollar (0,0203€).
XLM/USD
In the last three days has tried Stellar (XLM), over the 20-day EMA break. Although he was not liked us, that he has not lost his gains. A breakout above the 20-day EMA can wear it to the downtrend line and the 50-day SMA. Since the digital currency is not pulled during the recent Pullback, we will have to wait until it forms a bull constellation, before we suggest a trade.
If the XLM/USD Pair, contrary to our expectations, not on the Overhead resistors climbs, it will consolidate. The 20-day EMA has flattened and also the RSI approaches the center. This indicates a short-term power of education.
The Pair is negative if it falls below the recent Low of 0,07256747 US Dollar (0,0641 Euro). In one case, the next support lies below at 0,05795397 US Dollar (0,0512 Euro).
BNB/USD
Binance Coin (BNB) is climbed close to the overhead resistance at US $ 10 (8,84 EUR). We expect that there will be in the Zone between 10 US dollars (8,84 EUR) and 12 USD (10,61 Euro) a lot of the seller. From mid-August to mid-November, the Coin has had to fight twice in order to, from this range break out.
If the price can hold however, about 10 US-dollars (8,84 EUR), indicates the strength. A consolidation between US $ 10 (8,84 EUR) and 12 USD (10,61 Euro) would be for the BNB/USD Pair is a positive development, since an outbreak can lift it to $ 15 (13,26 Euro) and about 18 US dollars (15,92 Euro).
If the Pair of bends from the current level, however, down and under the 20-day EMA falls, it may fall to the 50-day SMA, which acts as a critical support. We do not see any reliable purchase constellation with a good risk/reward ratio. Therefore, we propose no new Long positions.
BSV/USD
Bitcoin SV has broken out above the 20-day EMA. This was since 3. January is a big hurdle and the course is always bent back from there to the bottom.
The BSV/USD Pair is currently generating in 71,412 US Dollar (63,1211 euros) and the 50-day SMA resistance. Traders can open a Long Position at a closing (UTC) above the 50-day SMA. The goal here is 102,580 US Dollar (90,670 Euro).
out and about Because the bears were not able to take advantage of the weakness and the course is not below 57 US dollars (50,41 Euro), the decrease of the demand on the lower levels. Our optimistic assessment is void if the Couple bends from the current level down and under 57 US dollars (50,41 Euro). In this case, a decrease to 38,528 US Dollar (34,0549 Euro) is likely to be.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.