Topic: 11-13 Price Analysis for main cryptocurrencies - Presented by AICoin (Read 251 times)
November 13, 2017, 08:46:42 PM
https://aicoin.com/chart/59D56005 You can view the chart here.
November 13, 2017, 08:01:34 AM
BTC & BCH:
BTC starts a rally from current level, till now, the strength seems good. Resistance at $6,350 which happens to be near 5 MA will be tested. Price action will be important later tonight, if BTC succeeds in remaining above 5 MA, price will be very likely to bounce back to the strong resistance at $6,900.
Let’s wait for the closing price at 8:00 tomorrow morning, if price is above $6,350, a bullish price action will be intact, if not, price may continue its downtrend in the short term.
Overall, after the difficulty adjustment of BCH, hash rate fell sharply, it doesn’t seem positive to expect a bullish move for BCH now. Moreover, the price surged to an excessive level this time, too many positions were locked at the top, it may take some time to digest the positions. For BCH, my suggestion is to wait and be cautious about a long bias.
As you can see, the sharply-increased difficulty after the adjustment drove miners back to BTC this afternoon, making it extremely slow to confirm a transfer and arousing doubts among investors.
ETC:
The reduction in numbers of ETC blocks by 20% was mentioned again in a meeting today, and this mechanism will be repeated by every 5 million blocks (directed against ETH), Secondly, more emphases were put on decentralization (directed against ETH) and the future path for its development. You can hold your positions and wait for the closing price later tonight. Whether price can be above 5 MA or not plays an important role in the coming price action.
LTC:
To be honest, LTC is the one who will stand up and follow the uptrend after the battle is over among altcoins. It also intends to use up your patience and keep silent when altcoins prices skyrocket. Suddenly, it surges and leaves you almost no time to catch up with the trend. When you set your positions ready, you will find yourself locked at the top for months. Disgusting, right? It seems LTC will repeat its practice this time. Therefore, now you can set your positions in advance according to the practice. Remember to be patient since it’s less likely for you to lose your money at present level.
Altcoins:
For altcoins going live on Huobi, OKEx and Binance, we need to summarize the difference or what they have in common. Such as the characteristics of every new coin and when their price will be pushed up, when your summary is completed, you will get bonus, here is what I’ve been thinking:
Huobi: Most altcoins are from overseas countries and start from a low level, which makes it worthy to be invested, KNC and DASH has increased by 200% in price, as you can see. OMG went live today, and you can judge by yourself whether history will repeat itself or not.
OKEx: Most coins are from China, and very few of them perform well.
Binance: An immediately surge is expected after the release of announcements and going live, short positions can be set if you’re ready to invest in the very beginning. After that, most of you will be locked at the top.
In conclusion, timing is what really matters and should be your priority.
Original by Kuang Ren, translated and posted by AICoin Jami.
Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.
AICoin - Leader of Global Cryptocurrency Tickers APP, follow us on Twitter: @AICoincom and Weibo: @AICoin_com
BTC starts a rally from current level, till now, the strength seems good. Resistance at $6,350 which happens to be near 5 MA will be tested. Price action will be important later tonight, if BTC succeeds in remaining above 5 MA, price will be very likely to bounce back to the strong resistance at $6,900.
Let’s wait for the closing price at 8:00 tomorrow morning, if price is above $6,350, a bullish price action will be intact, if not, price may continue its downtrend in the short term.
Overall, after the difficulty adjustment of BCH, hash rate fell sharply, it doesn’t seem positive to expect a bullish move for BCH now. Moreover, the price surged to an excessive level this time, too many positions were locked at the top, it may take some time to digest the positions. For BCH, my suggestion is to wait and be cautious about a long bias.
As you can see, the sharply-increased difficulty after the adjustment drove miners back to BTC this afternoon, making it extremely slow to confirm a transfer and arousing doubts among investors.
ETC:
The reduction in numbers of ETC blocks by 20% was mentioned again in a meeting today, and this mechanism will be repeated by every 5 million blocks (directed against ETH), Secondly, more emphases were put on decentralization (directed against ETH) and the future path for its development. You can hold your positions and wait for the closing price later tonight. Whether price can be above 5 MA or not plays an important role in the coming price action.
LTC:
To be honest, LTC is the one who will stand up and follow the uptrend after the battle is over among altcoins. It also intends to use up your patience and keep silent when altcoins prices skyrocket. Suddenly, it surges and leaves you almost no time to catch up with the trend. When you set your positions ready, you will find yourself locked at the top for months. Disgusting, right? It seems LTC will repeat its practice this time. Therefore, now you can set your positions in advance according to the practice. Remember to be patient since it’s less likely for you to lose your money at present level.
Altcoins:
For altcoins going live on Huobi, OKEx and Binance, we need to summarize the difference or what they have in common. Such as the characteristics of every new coin and when their price will be pushed up, when your summary is completed, you will get bonus, here is what I’ve been thinking:
Huobi: Most altcoins are from overseas countries and start from a low level, which makes it worthy to be invested, KNC and DASH has increased by 200% in price, as you can see. OMG went live today, and you can judge by yourself whether history will repeat itself or not.
OKEx: Most coins are from China, and very few of them perform well.
Binance: An immediately surge is expected after the release of announcements and going live, short positions can be set if you’re ready to invest in the very beginning. After that, most of you will be locked at the top.
In conclusion, timing is what really matters and should be your priority.
Original by Kuang Ren, translated and posted by AICoin Jami.
Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.
AICoin - Leader of Global Cryptocurrency Tickers APP, follow us on Twitter: @AICoincom and Weibo: @AICoin_com
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