Can anybody here please explain the reason why XRP(Ripple) surged more than 70% in 24 hours? Seems like no abvious buying signal emerges? What may have pushed the price up?
By the way, you can visit and see the monster surge on daily cahrt here, thst's really impressive.
https://www.aicoin.net.cn/chart/3BC32717
BTC (Bitfinex)
Resistance: $17,250
Support: $15,200 & $14,000
Comments:
We can see that monster increase of BTC price on weekly chart. However, the crazier the market is, the more dangerous the situation will be. The current divergence rate between weekly chart and MA is extremely high, and there’s limited space for further gains in price in the short term, we expect a weekly-level correction is on the way. Besides, we can see an obvious divergence around the new all-time high on hourly chart, and BTC price has moved below trend line at this moment. If the upcoming rally turns out to be weak, price is very likely to reach to its short-term top.
Suggestions:
BTC price is at a high level with limited space on the upside. Right now, it’s not the best moment to enter the market. For BTC holders, further operations can be implemented when price reaches to the top or breakout signal emerges.
BCH (Bitfinex)
Resistance: $1,590 & $1,770
Support: $1,480 & $1,250
Comments:
BCH is supposed to continue its uptrend after breaking through the major triangle oscillating area on December 11, however, under the influence of broader price action, currently, price is below the upside trend line. Next, the key is to wait and see whether BCH can stop losing its grounds and bounce back from here or not, the uptrend will be reversed if the rally turns out to be weak.
Suggestion:
You can add to your positions if price remains effectively above the support level, loses must be stopped if price breaks below major levels.
ETH (Bitfinex)
Resistance: $625 & $654
Support: $576 & $519
Comments:
ETH price reacted more violently the dump of BTC and dropped by about $80, but now price starts to recover. Overall, though the uptrend of ETH price remains intact, since the current strength of dump is obviously insufficient, price is expected to face another round of slump after an upcoming rally.
Suggestions:
Right now, ETH price is at a highly risky stage, you’re suggested to book partial profits and go short when price bounces back.
LTC (Bitfinex)
Resistance: $315
Support: $240 & $160
Comments:
LTC outperformed ETH and seemed stronger as effects from the dump seemed less obvious and price showed a quicker rally afterwards. Considering the current price jumping from less than $100 to almost $300 in 5 sessions, it will fall more sharply than any other coins once the broad market crushes.
Suggestions:
Strength of the upcoming correction is also expected to be very strong as price surged sharply in the past few sessions. You can go short in separate positions and stop losing after breaking above the new -all-time high.
Original by Hashpai, translated and posted by AICoin Jami.
By the way, you can visit and see the monster surge on daily cahrt here, thst's really impressive.
https://www.aicoin.net.cn/chart/3BC32717
BTC (Bitfinex)
Resistance: $17,250
Support: $15,200 & $14,000
Comments:
We can see that monster increase of BTC price on weekly chart. However, the crazier the market is, the more dangerous the situation will be. The current divergence rate between weekly chart and MA is extremely high, and there’s limited space for further gains in price in the short term, we expect a weekly-level correction is on the way. Besides, we can see an obvious divergence around the new all-time high on hourly chart, and BTC price has moved below trend line at this moment. If the upcoming rally turns out to be weak, price is very likely to reach to its short-term top.
Suggestions:
BTC price is at a high level with limited space on the upside. Right now, it’s not the best moment to enter the market. For BTC holders, further operations can be implemented when price reaches to the top or breakout signal emerges.
BCH (Bitfinex)
Resistance: $1,590 & $1,770
Support: $1,480 & $1,250
Comments:
BCH is supposed to continue its uptrend after breaking through the major triangle oscillating area on December 11, however, under the influence of broader price action, currently, price is below the upside trend line. Next, the key is to wait and see whether BCH can stop losing its grounds and bounce back from here or not, the uptrend will be reversed if the rally turns out to be weak.
Suggestion:
You can add to your positions if price remains effectively above the support level, loses must be stopped if price breaks below major levels.
ETH (Bitfinex)
Resistance: $625 & $654
Support: $576 & $519
Comments:
ETH price reacted more violently the dump of BTC and dropped by about $80, but now price starts to recover. Overall, though the uptrend of ETH price remains intact, since the current strength of dump is obviously insufficient, price is expected to face another round of slump after an upcoming rally.
Suggestions:
Right now, ETH price is at a highly risky stage, you’re suggested to book partial profits and go short when price bounces back.
LTC (Bitfinex)
Resistance: $315
Support: $240 & $160
Comments:
LTC outperformed ETH and seemed stronger as effects from the dump seemed less obvious and price showed a quicker rally afterwards. Considering the current price jumping from less than $100 to almost $300 in 5 sessions, it will fall more sharply than any other coins once the broad market crushes.
Suggestions:
Strength of the upcoming correction is also expected to be very strong as price surged sharply in the past few sessions. You can go short in separate positions and stop losing after breaking above the new -all-time high.
Original by Hashpai, translated and posted by AICoin Jami.
the banksters printed money (usd) and bought their own garbage