Wow, that was one amazing review. Thank you for your analysis, it was very clear and brought up many of the points that I have observed this week. I am really hoping myself to get ahold of some cheap XRP, 0.7 would be an excellent price and will set some buy orders.
I agree witht he assesment of BTC that it might be indications of a more flat trend. What I am hoping on, that can break this, is people now coming home over the holidays, telling them of the money they made in cryptos and helping them to create an account on Coinbase. This would get a lot of new people involved. FIrst and foremost this would give boost to the coins at Coinbase but since XRP held up so well during the dip I think XRP my quickly rocket up to $2 on momentum.
I have put up a stake in BCC as a hedge against BTC and also because being added to Coinbase (and the possibility of new users) I think it will have an upswing in January.
I think the only thing that could start a "real" downward trend in BTC and cryptos would be if bigger investors starts to short BTC on the futures market and that is something to be watchful for in beginning of next year.
Thank you for a great analysis and I will take your thoughts into consideration when adjusting my buy order during the holdiays.
Topic: Weekly review of cryptocurrencies (Read 114 times)
A Weekly review of 11 major cryptocurrencies 18.12.17 - 24.12.17
Last week, cryptocurrencies survived dramatic fluctuations of the exchange rate, after takeoff on the previous week.
Bitcoin declined and decreased its share in total capitalization from 55% to 43%
It seems that a significant amount of investors' money flowed into the grown BCHUSD and XRPUSD as well as the heavily-watched Ethereum /
Most of our recommendations from the previous week’s review for purchase worked and now show profit.
- Bitcoin (BTCUSD) went down by 29% from $ 19,000 to $ 13,500 also visiting the $ 11,000 zone.
On the weekly chart there was a bearish absorption (the dark candle of last week completely covered the previous light one).
On the daily chart (see the figure) The intersection of moving averages at current prices is signaling for sale today.
Such technical picture suggests a reversal of the trend from growth to a fall or at least to a flat trend.
Much will depend on the new week that has begun. If buyers manage to return a significant part of last week's losses, then it's likely to be a flat trend. If not, then a further decline is more likely.
Recommendation: Close long positions on the upswings. Aggressive traders can start the game from shorts. A good level for sale now is the $ 15,000- $ 16,000 area. https://www.facebook.com/ICEX.CH/posts/2199519590074355
https://www.tradingview.com/x/6fsucdGR/
- Ethereum (ETHUSD) slightly decreased (by 7%) from $ 710 to $ 660,first reaching a new height of $ 860 and falling throughout the week to $ 490
Closing near the maximum of the previous week, Ethereum confirms the strength of buyers at current price levels.
Keep. Buy on roll backs to $ 500
- BCHUSD soared by 50% during the week, from $ 1,829 to $ 2,770, even visiting the $ 4100 mark
https://www.tradingview.com/x/BvlYhigw/
Increasing growth with the achievement of new maximums, contrary to (and perhaps thanks to) the fall of BTCUSD
Keep. Buy on rollbacks to the slow moving average on the daily chart (today it’s $ 2000)
- Ripple (XRPUSD) increased by 35% during the week: $ 0.71- $ 0.96, reaching a maximum of $ 1.36
https://www.tradingview.com/x/p6HjDeID/
Impressive continuation of growth after tripling in price over the previous week.
Keep. Buy around the last week's minimums at about $ 0.70.
- Litecoin (LTCUSD) fell by 17% during the week: from $ 314 to $ 261, the maximum point being at $ 379 and the minimum at $ 173
https://www.tradingview.com/x/dmajtb6v/
Correction-consolidation after doubling the price on the previous week.
Keep. Buy on roll backs to $ 200
- DASH almost didn’t change during the week (+ 1.5%) from $ 1082 to $ 1,096, reaching a maximum of $ 1596 and a minimum of $ 775
https://www.tradingview.com/x/7lFJd0dy/
Highly dynamic trading with the transition to consolidation. On the daily chart it looks a bit heavy.
Keep. Buy under $ 1000
- NEM (XEMUSD) increased by 50% during the week, from $ 0.67 to $ 1, reaching $ 1.08 and $ 0.51at the minimum level
https://www.tradingview.com/x/GAHnku0z/
Growth development after a previously received buy signal
Keep. Buy on the ~ $ 0.70 level
- Monero (XMRUSD) experienced a dramatically volatile week but remained almost unchanged at the end (-4.5%) from $ 345 to $ 329, reaching the maximum of $ 477 and a minimum of $ 151
https://www.tradingview.com/x/udutp2AY/
High volatility level (maximum of the week is three times bigger than the minimum). Most likely, the movements of the rate will decrease and we will see the consolidation range in the near future
Range: buy about $ 200 and sell at about $ 400
- BTGUSD fell by 13% during the week, from $ 290 to $ 253, reaching a minimum of $ 193 and a maximum of $ 422
https://www.tradingview.com/x/UajeBkJe/
Range. Mixed technical picture. The slow moving average on the daily chart is almost horizontal
Recommendation: work with the range. Buy about $ 200 and sell at ~ $ 420 area
- ETCUSD for the week fell by 20%, from $ 34 to $ 27, reaching a new maximum of $ 43 and a minimum at $ 15
https://www.tradingview.com/x/rLzZ0Dl2/
Dramatically volatile trading: the maximum is three times more than the minimum. The Friday discharge underscores the technical growth perspectives in the near future. It looks like we are entering the range.
Buy about $ 20 and sell at about $ 40
- NEOUSD decreased by 13% during the week, from $ 67 to $ 58, the maximum being on the $ 85 level and the minimum on $ 41
https://www.tradingview.com/x/mjEsk9gJ/
Consolidation on an Increasing Trend
Buy at about $ 50
We wish you profitable deals and follow our reviews and analysis!
#icex #bitcoin #cryptocurrency #investment #exchange #news #Weeklyreview
Last week, cryptocurrencies survived dramatic fluctuations of the exchange rate, after takeoff on the previous week.
Bitcoin declined and decreased its share in total capitalization from 55% to 43%
It seems that a significant amount of investors' money flowed into the grown BCHUSD and XRPUSD as well as the heavily-watched Ethereum /
Most of our recommendations from the previous week’s review for purchase worked and now show profit.
- Bitcoin (BTCUSD) went down by 29% from $ 19,000 to $ 13,500 also visiting the $ 11,000 zone.
On the weekly chart there was a bearish absorption (the dark candle of last week completely covered the previous light one).
On the daily chart (see the figure) The intersection of moving averages at current prices is signaling for sale today.
Such technical picture suggests a reversal of the trend from growth to a fall or at least to a flat trend.
Much will depend on the new week that has begun. If buyers manage to return a significant part of last week's losses, then it's likely to be a flat trend. If not, then a further decline is more likely.
Recommendation: Close long positions on the upswings. Aggressive traders can start the game from shorts. A good level for sale now is the $ 15,000- $ 16,000 area. https://www.facebook.com/ICEX.CH/posts/2199519590074355
https://www.tradingview.com/x/6fsucdGR/
- Ethereum (ETHUSD) slightly decreased (by 7%) from $ 710 to $ 660,first reaching a new height of $ 860 and falling throughout the week to $ 490
Closing near the maximum of the previous week, Ethereum confirms the strength of buyers at current price levels.
Keep. Buy on roll backs to $ 500
- BCHUSD soared by 50% during the week, from $ 1,829 to $ 2,770, even visiting the $ 4100 mark
https://www.tradingview.com/x/BvlYhigw/
Increasing growth with the achievement of new maximums, contrary to (and perhaps thanks to) the fall of BTCUSD
Keep. Buy on rollbacks to the slow moving average on the daily chart (today it’s $ 2000)
- Ripple (XRPUSD) increased by 35% during the week: $ 0.71- $ 0.96, reaching a maximum of $ 1.36
https://www.tradingview.com/x/p6HjDeID/
Impressive continuation of growth after tripling in price over the previous week.
Keep. Buy around the last week's minimums at about $ 0.70.
- Litecoin (LTCUSD) fell by 17% during the week: from $ 314 to $ 261, the maximum point being at $ 379 and the minimum at $ 173
https://www.tradingview.com/x/dmajtb6v/
Correction-consolidation after doubling the price on the previous week.
Keep. Buy on roll backs to $ 200
- DASH almost didn’t change during the week (+ 1.5%) from $ 1082 to $ 1,096, reaching a maximum of $ 1596 and a minimum of $ 775
https://www.tradingview.com/x/7lFJd0dy/
Highly dynamic trading with the transition to consolidation. On the daily chart it looks a bit heavy.
Keep. Buy under $ 1000
- NEM (XEMUSD) increased by 50% during the week, from $ 0.67 to $ 1, reaching $ 1.08 and $ 0.51at the minimum level
https://www.tradingview.com/x/GAHnku0z/
Growth development after a previously received buy signal
Keep. Buy on the ~ $ 0.70 level
- Monero (XMRUSD) experienced a dramatically volatile week but remained almost unchanged at the end (-4.5%) from $ 345 to $ 329, reaching the maximum of $ 477 and a minimum of $ 151
https://www.tradingview.com/x/udutp2AY/
High volatility level (maximum of the week is three times bigger than the minimum). Most likely, the movements of the rate will decrease and we will see the consolidation range in the near future
Range: buy about $ 200 and sell at about $ 400
- BTGUSD fell by 13% during the week, from $ 290 to $ 253, reaching a minimum of $ 193 and a maximum of $ 422
https://www.tradingview.com/x/UajeBkJe/
Range. Mixed technical picture. The slow moving average on the daily chart is almost horizontal
Recommendation: work with the range. Buy about $ 200 and sell at ~ $ 420 area
- ETCUSD for the week fell by 20%, from $ 34 to $ 27, reaching a new maximum of $ 43 and a minimum at $ 15
https://www.tradingview.com/x/rLzZ0Dl2/
Dramatically volatile trading: the maximum is three times more than the minimum. The Friday discharge underscores the technical growth perspectives in the near future. It looks like we are entering the range.
Buy about $ 20 and sell at about $ 40
- NEOUSD decreased by 13% during the week, from $ 67 to $ 58, the maximum being on the $ 85 level and the minimum on $ 41
https://www.tradingview.com/x/mjEsk9gJ/
Consolidation on an Increasing Trend
Buy at about $ 50
We wish you profitable deals and follow our reviews and analysis!
#icex #bitcoin #cryptocurrency #investment #exchange #news #Weeklyreview
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