Topic: 11-21 Price analysis of BTC, LTC and ETH from Chinese Market (Shared by AICoin) (Read 220 times)

BTC:
First, let’s look at the chart in 30-min intervals (as attached):
Obviously, we can see a fall in price with increasing volumes and a rally with decreasing volumes, indicating that pressure from those locked up is basically all released. The fact that volumes decreased during the rally shows that investors are reluctant to sell their positions after the release of their pressure. The “candy bonus” brought by BCD may be the reason why most investors choose to hold on to their positions for now.
As you can see, there’s been a continuous upside move with decreasing volumes since November 18. The weakening strength of this uptrend caused the dip in price today. The effectiveness of the support from 5-Day MA is fading out as price has been in an uptrend since November 18 and it has been above 5-Day MA for the past 4 days. Profit-taking should be strictly operated as long as price breaks below 5-Day MA, which should be strictly observed as “candy bonus” looming (as attached).
Judging from the momentum, price is very likely to form a lower shadow with increasing volumes, and we can be bullish about further moves.

ETH:
ETH remains above 5-Day MA, and shares the same uptrend with increasing volumes and lower shadow as BTC price. We’re still bullish about the short-term outlook.

LTC:
Like ETH, LTC also moves in an uptrend with increasing volumes and forms a lower shadow. Price will break below 5-Day MA and may continue the “disgusting” pattern if LTC can’t be pushed up at night.

ETC:
Even though ETC price dipped after a major bearish breakout, the momentum lost during the dip was far less than that of LTC and ETH, indicating that ETC is


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