Trading Ideas on Wednesday: BTCUSD, ETHUSD, LTCUSD, XMRUSD

in #trading6 years ago

Good morning steemians and traders!

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💰 Capitalization of crypto-economics: $ 501.538В

💵General trading volume: $ 28.659B

💥The share of bitcoin: 33.8%

BTCUSD: there are no grounds for reversal yet

Support for $10000 does not hold a fall, the nearest local support is considered low $9760. The strong oversoldness on the oscillator remains, although after the start of consolidation it was supposed to go down, more in favor of buyers does not say anything, apparently still there will be a decrease to $9300-$9500. I would like to see, with this process, the reversal figure a double bottom, but this becomes unlikely. The decrease to $5600 is considered very very early, at the levels of $8000-$9000 there are a lot of purchase orders, but taking into account the variables such a scenario is also possible, but in the next few hours there can be a slow decline.
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ETHUSD: slightly won positions after falling

The ether fell on the background of the whole market below the support of $1060 and tested 61.8% of Fibo, oversold on the oscillator persists. The bulls won part of the lost and now the price is at 50% Fibo, in the next few hours consolidation is expected above the level of $1060. A couple of days ago the Ethereum was positive news - Ethereum continues to implement the idea of ​​deploying a technology shading scaling the network and a successful test Casper , the transition to Pos is near.
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LTCUSD: Similar dynamics, but different perspectives

Against the backdrop of the general market drop, cryptocurrency, litecoin is gradually gaining volumes for sale, which can not but cause concern among buyers, especially newcomers. I note that the decline to $140 mark will be considered as natural. The main indicators, of course, characterize the trend as extremely bearish. However, in the arena of the reversal levels, the $150 mark has a special weight and its breakdown down, as well as the breakdown of the triangle (highlighted in red) and the strengthening under $135 will cause me an irresistible desire to shorten the coin, which I rather use.
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XMRUSD: suffered more than others

Judging by the horizontal volumes, we are now at a level that is not of great interest to buyers, which is also confirmed by the volume of sales that have increased significantly since the last correction.
The technical picture is about a rebound from the range of 38.2% - 23.6% Fibo. At the same time, judging by the latest impulse, $ 320 resistance / former support loses its significance. After the withdrawal, I expect the presence of lateral dynamics at around $ 260- $ 300
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If there are here those people who share my opinion with me, then please follow me! If there are critics, then please leave them in the comments. I'll be very happy!!!

I wish you profits!!!

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Information presented in this material is the opinion of the author and is not an offer to a specific action.

Thank you for being with me!

Have a nice day!!!

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Thanks for sharing your outlook on the market!

I just do what I like!
Thanks for the comment.

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