Topic: Almost all coins experienced gains in prices today, where is the market heading? (Read 270 times)

if almost all coins experienced gains in prices today,
i believe it's another sign for Bitcoin to make another crazy movement in upcoming days.
it's very likely to see it because if we're looking at our history that happened with BCH for example.
we can tell that the majority profits that they gained from altcoin will be moved to bitcoin.
which mean the price will get a lot of upward movement a day or two days after the movement from altcoins pump.
it's a good sign and at the same time it should be a huge one,
if we're seeing the movement in a few days later,we may be can break $20.000 level next week.
but,how far it will go if the correction starts ? only god knows.

Looks like if it is still looking to go more up, we dont know the real reasons of why a lot of altcoins are going up so quickly, but this is a little bit desesperating.

I invested $1000 in ripple a few days ago, and i sold them all when the price touched aprox $0,28 for each one of them, because i already made more than 15% of my original investment (more or less)

Now ethereum did a huge spike too, i dont know why it is going up so fast, it touched more than $740 yesterday, it is more than 75% in one day.

up and to the right. That's where the market is heading, as it always has been.

There is nothing surprising. We saw the same situation only with a minus sign a few days ago. This is all happening because the entire cryptocurrency market depends on the behavior of bitcoin. Today, it is growing and it will continue until the end of the year. You can be sure of that. This is confirmed by the futures price. Hence to the end of the year we are waiting for the growth of all coins. This is our Christmas gift.

CBOE has been operative for a couple of hours now. The expectation was such that the CBOE website went down as reported here:



That's pretty funny to see. Im sure it's the first time here CBOE couldn't handle the traffic. Demand for Bitcoin is too big, they couldn't short it.

The CBOE listing is going to take place in a few hours.  The volatility of bitcoin and a lot of alts are going to be pretty high. This is going to be a different experience, for one the futures contracts are going to be settled in cash which in turn wouldn't increase or decrease the demand for crypto currencies directly. If the launch goes well, the likelihood of SEC's approval for bitcoin EMF will increase. But one sad thing is that institutional traders would try to manipulate the markets.
The above facts I referred from somewhere else and so decided to share it here. I'd be amazed if these futures help the community in a good way.

If you go to https://www.aicoin.net.cn/, you will see the comfortable green among most major coins, what is the root reason for the gains in price and what will happen next? Share your idea with us.

Besides, I have some analysis for major coins and altcoins, please check the analysis below.

BTC:
Today’s upward move matched perfectly well with the expectations during the first session after BTC is legitimated and the confirmation of short-term bottom level, which even tested the trading curb mechanism twice. BTC price is expected to set new all-time highs in the coming sessions, the main reason is because “candy bonus” is not distributed yet, also, those exchanges help to promote BTC among people from all over the world, lastly, chips collected by Wall Street are still not much enough, which makes it pointless for them to go short.

The fact that BTC futures is not available on CME and trading activities on CME can be done even if you don’t possess any BTCs will make CME the main battlefield for Wall Street. Most part of the “candy bonus” will be distributed and enough chips will be collected when BTC futures goes live on CME, which will trigger some short-term risks.

LTC:
After the downward correction yesterday, LTC regained its ground last night and formed a new all-time high today, indicating that LTC has become the leading coin during this round of trend. LTC can’t compete with BTC in terms of gains in price., however, LTC does have some advantages over BTC in price and popularity. Therefore, new comers to the market may choose the “cheaper” LTC as their investment object, which can be used to explain the reason for the strong performance of LTC.

ETH & ETC:
Both ETH and ETC experienced gains in their prices with decreasing volumes today. Many fans ask me about the difficulty adjustment of ETC, well, if we look at the quantity of ETC blocks, we’ll know that it’s still far from 4,997,704 to 5 million. Since we all know that less ETCs will be mined, and bullish momentum is released during last round of strong performance, we’d better wait and see before price breaks above $29.

BCH:
We don’t have so much to talk about BCH as it oscillated with minor volumes today. Such oscillating trend within a range is expected to continue, you can buy on dips and sell on surges.

Altcoins:
Except for those major coins, altcoins like XMR and Dash also performed well even at high levels today, indicating that close attention is still paid to those altcoins. If BTC price moves higher, those “old” altcoins will follow and surge. You may consider buying in when price dips.

Original by Kuang Ren, translated and posted by AICoin Jami.