Hello to all my crypto!
Return to the market decline. We had anticipated this decline yesterday and ask BL, including BTC that proved to be relevant. The trend is still very uncertain until this weekend, the western holidays hurt the market but we finally see the end! A new fall is expected until week end, the trend should then start up again.
Our analyzes are entirely made on the Binance chart with the Coinigy analysis platform! To follow us, the best is to go through Binance with us!
Bitcoin
Bitcoin failed to pass the major resistance at around 16500 usdt. The trend is starting to decline, we sold around 16,000 to buy at 14,300 and 15,200. So we will have to hold a little before the return to the rise. It should not be long in coming. Indeed, a W is in training on the Daily chart and we evolve very largely in oversold area. In addition, these signals are consistent with the 4H chart data. A priori, we should start up again after touching the major support around 12500 usdt. No big declines to come a priori, we can hold our assets pending a market situation more conducive to resale.
The plan :
We have left our bullish channel, a new uptrend is in formation but should be quite short-lived.
Buy limit: 12500 usdt (20%)
Sell limit: 15500
Ethereum
The trend is starting to fall again on Ethereum, which is not spared by the global market downturn. Not being available this weekend, many remove their background as Christmas. The courses will start again in January. In the meantime, it will be an opportunity to reposition but especially to take the positions HOLD 2018 if it's not done yet for you! Signals are still very much down on the 4H but the major bullish divergence on the RSI indicates a reversal of trend for the next few days. In addition, we are already evolving out of the Bollinger Bands, a return to the rise is expected!
The plan :
We started charging a bit high on Ethereum. We will therefore hold and take advantage of Ether at the level of the major support at 600 usdt.
Buy limit: 609 (20%)
Sell limit: 780 USDT (100%)
To conclude on this analysis:
The trend is off again at night! The fall has allowed us to recharge at a good price, however, new declines are coming. So we will hold and Day trade down for a few days. The weekend should be hectic, many of us are still on vacation, the market is slowing down and capital is melting. The market cap has dropped another 50 billion USD today. Nevertheless, all this should get back to normal very quickly, so take advantage of the sales to reposition yourself and follow our 2018 hold plan!
Bitcoin:
We have left our bullish channel, a new uptrend is in formation but should be quite short-lived.
Buy limit: 12500 usdt (20%)
Sell limit: 15500
Ethereum:
Sell limit: 15500
Ethereum:
We started charging a bit high on Ethereum. We will therefore hold and take advantage of Ether at the level of the major support at 600 usdt.
Buy limit: 609 (20%)
Sell limit: 780 USDT (100%)
Sell limit: 780 USDT (100%)
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