Bitcoin CashShort
Trading plan: BTC ETH XRP BCH LTC
BTCUSD
Capitalization of the market has grown from 274B on July 21 to 300B on July 26, 2018. We will understand only after the correction is over whether it was the beginning of the market reversal.
Today we expect to see a continuation of the correction of Bitcoin's price down.
Forecast for today:
The fall of Bitcoin's rate from $8400 to $7800.
ETHUSD
Ehereum rate is still in flat. We see the possibility of its growth to $490, or $500, with the subsequent downward movement, to support levels. Also, the drop in Ethereum price is possible from the level of $480.
Forecast for today:
The drop in the rate of Ethereum from $480 to $440.
XRPUSD
To our surprise, the super explosive Ripple is somehow clamped in a narrow corridor. There are two options: either the Ripple rate will fly to the moon, or predictably continue to fall down the trend.
Forecast for today:
The Ripple rate drop from $0.47 to $0.40.
BCHUSD
The Bitcoin Cash rate is in a correction to the growing impulse. In our opinion, the price of Bitcoin Cash may try to break through its maximum prices near the levels: $880, or $900, and then begin a deeper decline. Or a more gradual drop in the price of BCHUSD from current values to support levels is possible.
Forecast for today:
The drop of the Bitcoin Cash rate from $850 to $700.
LTCUSD
Litecoin moves in sync with Ethereum and Bitcoin Cash. We expect to see a deeper correction of the price of Litecoin before reversal upwards.
Forecast for today:
Litecoin rate drop from $ 88 to $ 78.
Capitalization of the market has grown from 274B on July 21 to 300B on July 26, 2018. We will understand only after the correction is over whether it was the beginning of the market reversal.
Today we expect to see a continuation of the correction of Bitcoin's price down.
Forecast for today:
The fall of Bitcoin's rate from $8400 to $7800.
ETHUSD
Ehereum rate is still in flat. We see the possibility of its growth to $490, or $500, with the subsequent downward movement, to support levels. Also, the drop in Ethereum price is possible from the level of $480.
Forecast for today:
The drop in the rate of Ethereum from $480 to $440.
XRPUSD
To our surprise, the super explosive Ripple is somehow clamped in a narrow corridor. There are two options: either the Ripple rate will fly to the moon, or predictably continue to fall down the trend.
Forecast for today:
The Ripple rate drop from $0.47 to $0.40.
BCHUSD
The Bitcoin Cash rate is in a correction to the growing impulse. In our opinion, the price of Bitcoin Cash may try to break through its maximum prices near the levels: $880, or $900, and then begin a deeper decline. Or a more gradual drop in the price of BCHUSD from current values to support levels is possible.
Forecast for today:
The drop of the Bitcoin Cash rate from $850 to $700.
LTCUSD
Litecoin moves in sync with Ethereum and Bitcoin Cash. We expect to see a deeper correction of the price of Litecoin before reversal upwards.
Forecast for today:
Litecoin rate drop from $ 88 to $ 78.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.