AICoin_Official (OP)
Member
 Offline
Activity: 154
Merit: 11
AICoin-Leader of Global Cryptocurrency Tickers APP
|
 |
November 18, 2017, 03:09:21 PM |
|
11-18 Brief Price Analysis - Original by Kuang Ren
BTC & BCH:
The abortion of 2x fork brought BTC a short-term dip in price, which, however, didn't affect the overall uptrend of it. Considering the competitive relationship between BTC and BCC, their further price actions are believed to move in the opposite direction, holding on to your BTC is suggested, for BCH, positions can be cleared gradually.
LTC, ETH and ETC:
ETC appears stronger in price action as LTC, ETH and ETC are in their own shocking moves, keeping your ETCs can be the main strategy for now.
Altcoins:
For altcoins like Dash and EOS, they presented us with more descent moves today. We can implement our investment plan for them based on my 5-Day MA strategy, meaning you should expand your positions when price is pulled back to 5-Day MA under a bullish environment, on the contrary, positions must be cleared when price bounced back to 5-Day MA under a bearish atmosphere. For day traders, time interval for 5-Day MA strategy can be divided by 1 hour or 4 hours.
We've witnessed a growing number of new coins going live recently, which means funds put in altcoins are drown out again and again, thus, most of altcoins will find it difficult to make them noticed. For investors and traders, you need to keep your positions in control and avoid being aggressive.
Original by Kuang Ren, translated and posted by AICoin Jami.
|
