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November 26, 2017, 03:06:04 PM |
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No comments for altcoins today, feel free to leave your comments below, you know that BTC is approaching $9,000 right?
BTC:
Judging from the “V” shape on daily chart, though it’s impossible for us to exactly predict the all-time high level, resistance for the rally on chart can be calculated by equation $7,846 (highest) -$5,428 (lowest) + $7,846, the result is $10,264. Usually, integer acts as the physical resistance, $10,000 mark must be the physical hurdle ahead. Combined with resistance on chart and physical resistance, $10,000 may be the high point of price in the near future.
Bullish momentum and volumes for the rally mildly increased on daily chart, and price seemed in a good upward move. Though we can see a strong sell-out on hourly chart, new funds are willing to take over, there’s nothing for us to be worried for the moment, 5-Day MA strategy can be the main principle.
It’s nearly 18 days away from the fork of SBTC, BTC price is increasing because of “candy bonus”, and special attention should be paid to it.
BCH:
That fact that BCH and BTC takes turns in leading the market indicates that funds are not flowing between BTC and BCH, it’s the steady new funds rushing into the market that are pushing the prices up. Once BTC halts its uptrend, BCH may take the chance to set new all-time highs. We can buy BCH in at high levels and stop lose at $1,520.
ETH:
We’re still waiting for the price to be pulled back to 5-Day MA, however, the trend is so strong that it’s difficult for new investors to buy their first ETH, only those already having ETHs in their pockets feel comfortable. There’s only limited space for the possible pullback after a skyrocket in price, indicating the scale and amount of new funds rushing into the market.
LTC:
LTC came to the previous all-time high serving as the resistance now, and failed to break above it right the first time. You can just hold LTCs and wait for the breakout, but if you’re an impatient person, you’d better change to another coin for quicker gains.
ETC:
I’m still bullish about ETC, and believe that it’ll present us with a strongest move in price among major coins as ETC is cheap, decentralized, under a decent control and has an upper limit.
Original by Kuang Ren, translated and posted by AICoin Jami.
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