The views and opinions expressed are solely those of the author and do not necessarily reflect the views of cointelegraph.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 from HitBTC exchange market
provided The experts predict more price falls for Bitcoin at these levels is to set and then, consequently, soil formation. The expected range for such a soil, situated below the 2,000 – US $ 2,500. The analysts of the Fund joined Global Advisors had a call a few months ago, still an optimistic price target of 15,000 US dollars for Bitcoin, now you show up with a forecast of 2,270 US dollars, considerably sobered.
While the analysts speculate further, where any soil is formed and what could be the trigger for a possible trend, says Binance managing Director, Changpeng Zhao, the crypto industry „needs more entrepreneurs, the real projects to build“. If the improving fundamentals, be drawn, consequently the prices high. The increase in daily Bitcoin transactions, on the January 2018, is already a good sign.
The difficult political situation in Venezuela is a good example of the practical Benefits of the crypto currencies in times of crisis. The Bitcoin trade volume had increased accordingly in Venezuela recently.
BTC/USD
Bitcoin (BTC) is slipped in the past few days. The rate value is below the 20-day EMA, indicating that the bears are in control. The 50-day SMA is still flat, suggesting that the Coin will in the medium term, remain in its price range.
The downward trend would continue if the Support Zone of 3.355 – a total of 3,236,09 US-can’t hold dollars. The next Support would then be only at 3,000 and 2,600 to the US Dollar.
If the bulls can defend this Zone, but to raise the rates on the Moving average, then this would lead to a reversal of the trend. An upswing on 4.255 US Dollar, in addition to this, it’d be a double bottom, a price target of 5.273,91 U.S. would have a Dollar.
We are waiting for now, if the BTC/USD Pair above the down trend line, before we recommend buying.
XRP/USD
Ripple (XRP) is trying to generate the critical Support of 0,27795 US Dollar upward momentum. For the third Time, the crypto-currency falls on this brand. The 20-day EMA is pointing downwards and the RSI is in the negative area, the bears currently have the upper hand.
A collapse of the 0,27795 US-Dollar brand could lead to a crash on 0,24508 US Dollar, triggering a downward trend. If the XRP/USD Pair can get, however, the swing to the Sliding means to break through, then formed to a floor. Accordingly, we recommend Long positions if the price closes above 0,33108 US Dollar.
ETH/USD
Ethereum (ETH) has stuck to the bottom of the price range. The cops are trying to however, over the 20-day EMA and the top of the range in 116,30 US Dollar. Should this succeed, then an increase to the 50-day SMA could be the result. If the 134,50 US-Dollar brand can be broken, then an upturn to the top-side resistor of 167,32 US Dollar is possible. The risk-reward ratio is advantageous, which is why we recommend Long positions at the conclusion of on 116,30 US Dollar, the stops should be at $ 100.
If the ETH/USD-remains, however, in the margin, stuck to and of the 116,30 US-Dollar brand down drops, then a downturn could follow, not up to 83 US dollars, if the Support at 103,20 US holding dollars.
LTC/USD
The bulls were able to end the Support near the Sliding means of the last to defend, which Litecoin (LTC) today gains can be achieved. The top was almost reached-sided resistance of the downtrend line. At the 40,784 US-Dollar brand, we expect a further strong resistance, therefore it can come at the latest here to a short-term downturn.
the resistance of 40,784 US Is broken-the Dollar, the LTC/USD might Pair up to the next resistance at 47,246 USD. We recommend a stop at 27.50 USD. If the market can hold its current state, then we pull the stops are consequently higher.
If the cops can’t keep the high rate, however, is a slowdown to the Support of US $ 33. Between US $ 33 and 27,701 US Dollar with further Support, follow the brand of 27,701 US dollars, however, a downward trend.
EOS/USD
EOS tried from the Support of 2.30 dollars to be on the wing and above the lubricant and the 2,5944 US-Dollar brand. This could lead to a recovery of up to 3.05 US dollars or even 3,2081 US Dollar. Long positions may be entered into, if the price can climb over 2,5944 US Dollar, the stops should be 2,1733 US Dollar.
If the EOS/USD Pair falls below the Support of 2,1733 US Dollar, then a crash on 1,7746 or 1.55 U.S. Dollar is the likely result. The flattened Moving average suggests that the Pair is settling in the next couple of days in a range.
BCH/USD
Bitcoin Cash (BCH) is still in the range between 105 – 121,30 US Dollar. Only if the price can break out on one side, will result in a new Trend.
Is cracked the 121,30 US-Dollar brand, then the BCH/USD Pair to the upper-side resistor of 141 USD. The two Sliding means, however, are flat, suggesting that the Pair steadied in the short term.
If the bears can push the Pair below 105 US-Dollar, is a crash on 73,50 USD. In the case of 100 US dollars, there is indeed a Support, this, however, is weak and likely to quickly give in. Investors with short-term time horizon can hold their Long positions if the price closes above the 20-day EMA, however, you should look for smaller price movements and disciplined adhere to your stops. All other investors should wait for a good buying opportunity, before you get in.
TRX/USD
Tron (TRX) is still in a symmetrical triangle, the bulls were able to defend the Support of the triangle now been two days in a row.
The TRX/USD Pair has to take the major hurdle in 0,02815521 US dollars, so that it can climb up on 0,03575668 US dollars or 0,038 US Dollar.
If the triangle is broken down, the 50-day SMA is negative, resulting in a crash on 0,02113440 or 0,0183 US Dollar. Accordingly, investors should put their stops in the case of 0,023 US Dollar.
XLM/USD
Stellar (XLM) is located in a strong downward trend. The cops try this in reverse, by bringing the RSI from the oversold area. On the top of the 20-day EMA, the 0,09285498 US-Dollar brand, the downtrend line and the 50-day SMA as a four-strong resistance to act.
If the course fails, however, to the resistors, then the lower Support will be tested again, should this hold, it down until 0,05795397 US Dollar.
Should be able to lift the bulls the XLM/USD Pair above the 50-day SMA, then the price can rise up to 0,13427059 US Dollar. Since the Trend is currently negative, however, we need to wait for the right buying opportunity.
BNB/USD
After a small slump of 7 in. February, try, the bulls now travel to push the Binance Coin (BNB) to the top. Both of the Gliding means to fall, and the RSI is in the oversold area, which shows that the buyer is sitting at the controls.
If the cops can press the BNB/USD Pair on the day’s high of 8,7630584 US Dollar, a recovery is up to 10 US dollars. However, we assume that the price is between 10 and 12 US dollars will lie down for a correction.
On the bottom you should find any crash, not later than 20-days EMA strong Support, including the 50-day SMA assumes otherwise a similar function. Our positive Outlook is also void if the Couple falls back into the descending channel.
BSV/USD
Bitcoin SV on 6. February regular price jumps, as the days were low values with a small upturn obsolete, what has the Coin just under the green area heaved. For the 7. February has result in a candlestick pattern, which is why the cops want the recovery to create.
The BSV/USD Pair looks at the 20-day EMA with resistance faced, however, this slowly moves down. It is broken, then the exchange rate could climb on 80,52 US Dollar. The 50-day SMA, which lies directly to the brand, however, would be a strong resistance.
If the 20-day EMA may, however, be overcome, this is a bad sign. The price slips down, the next Support is at 57 US dollars. We wait, therefore, any reversal of the trend, before we issue a buy recommendation.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.