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Author Topic: Price analysis of BTC, BCH, LTC and ETH for November 24 (Presented by Aicoin)  (Read 60 times)
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November 24, 2017, 10:50:58 AM

Did you catch ETH last night? Don't be upset, check the analysis as attached, you won't miss it next time. Please go to and try the best ever chart and you're welcome to leave your comments below.

BTC price has been in a continuous uptrend as “candy bonus” looming, which is mostly pushed up by those investors heading for the 1:10 bonus. Last night, BTC was pulled back to $7,900 and broke below 5-Day MA. Price is expected to continue moving below 5-Day MA and find a strong support at

$7,500 after the launch of fork. Get ready for the upcoming volatility.

Our operation logic for BTC stays the same, you can hold your BTCs and wait for the “candy bonus”, then sell the coins once you receive. Also, adding to your BTC positions when fork starts and BTC price dips can be your another.

Though BCH remains in an upward move in the last 2 days, momentum remains strong judging by the strength of dips, indicating that sell-out performed by those locked up at high levels remains severe. Therefore, bullish momentum is still insufficient and price may find support near $1,500 and

1,350 in the short term. Short-term session can be considered when price breaks below support levels. Once price breaks below $1,250, BCH will move sideways and get into a consolidating pattern.

ETH remains the strongest one among major coins judging by price action, currently ETH is moving in a choppy way, and waiting for the final decision on further direction on daily chart.

Holding on to ETH per our 5-Day strategy is suggested on daily chart, since MA will go up as time goes by, the longer we hold ETH, more profits we’ll make, therefore, we can keep our ETH positions as long as price remains above 5-Day MA.

A continuous choppy move at high level doesn’t look like a sell-out operation in any way, basically, all minor dips at present are caused by the fact that funds are drown out because of the “candy bonus” initiated by BTC. Every time BTC surges in an abnormal way with an increase in volumes, funds are

easier to be drown out from the original markets. Maybe altcoins will bounce back when fork starts.

Support LTC price receives is obvious and remains strong though price is falling, indicating that funds are hiding somewhere and waiting for a chance to buy in. There’s no reason for us to sell our positions at present, just hold on to your LTCs and keep bullish.

Original by Kuang Ren, translated and posted by AICoin Jami

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