It's been a while since any alt-coin paired with BTC could of been considered for a long position but Binance coin certainly looks good at the moment. Keep a tight stop just below those EMA's.
With all the drama of Justin Sun, will he or won't he be arrested in China, it has majorly damaged the TRX brand and has been dropping like a stone the last few days every day into some really low and dangerous levels. Can this turn around?
A possible option that we may see LTC back down to the $60 regions again on the weekly. Halving was a success and had good price action. Now we may see something different with LTC with a retracement down to some more natural levels.
It has been a tough hold if you have been investing in XRP over the past few months. In satoshi value it has struggled but even in USD when other coins have had more success, XRP has remained stable. Still appears to be stuck in a zone it has been stable in for over 6 months now. It needs a push. It feels like it is being held back.
This could be a key area for Bitcoin and it's dominance. Last time we had it this high was before the alt-season rally of 2017. If that was to repeat. The amount of gains in the alt-coins would be pretty large as a lot of alt-coins are at pre-2017 levels.
With Dash going onto Coinbase, as one of the older more established coins we are expecting this one to get more interest than some of the newer coins that will be listed. Could be a much-needed boost for the cryptocurrency.
ETH looking bullish. Posted about this on the 28th. Mapped out some targets and with the bullish nature of Bitcoin the USD pairing of ETH has hit the first target well. More importantly how much momentum does it have to carry on going and reclaim some of those losses.
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Lower volume is showing possible fake price action with a possible bull trap in play. I'd be very careful over the next few days with this. We believe a possible drop due to a rejection here because the volume has been a lot lower than previous rallies. However, a surge could create a FOMO rally back up to 11K + levels.
Bear Market showing how tough it really is when you consider it is still in play for the majority of alt-coins. We covered ONT in a bullish way but it also rejected the EMA34 and started to trickle down again. This was due to a Bitcoin slope down, allowed Alt-coins to breathe again. Still a waiting game.
Possible play here if the trend continues going up. The biggest issue we have found currency is Bitcoin, what will that do over the period of time. Nano had a heavy correction but has turned recently, could the trend continue? Keep a close eye on it and if it breaks above the resistance over the next 12-24 hours. It needs support.
With Halving coming up very soon, Litecoin is in a key area which will most likely throw some price action into the mix. We feel a possible dump is coming with buy the rumour sell the news mentality However, we feel that the value appreciation of Litecoin will be seen longer-term than short term
XRP has had the worst year so far when it comes to losses in BTC. If you held on for a long time it's one of those assets that will be good long term asset to hold but causing short term pain right now. Wait for clear direction and a rise in volume before considering the entry also, enter in BTC not USD.
We spoke about Chainlink a while back that it was in a mega bearish trend and it would bounce and when it did it would be hard. It bounced over 20% in a couple of candles from a 1:1 retracement on the Fibonacci. This is a perfect lesson for people buying into hype and waiting for the perfect entry point on a reversal. Momentum is key.
BCH remains strong with the USD pairing of Bitcoin as it stands. Broken out of a heavy area and looking to use that as support. If it breaks out and goes beyond the EMA34, we could see a run up to 400.
One of the biggest casualties of this bear market in this recently cycles with Bitcoin moving up since April. Vechain is a good option again for the long-term with it's product however be mindful that Bitcoin is a big controller in this market. Possible huge gains when this does turn around, wait for possible entry on a confirmed turn over the EMA34.
Nano has had some great results recently but it is coming down in a heavy bearish correction. Nano is a good asset for the long term with its capabilities against Bitcoin for payments. As a long term hold this is a good one but not where it is right now...
Binance has been bullish throughout the most of the year in BTC price value but over the last month or so, it has been struggling. We feel that a lot of the money out of Binance has been put into Bitcoin as profits and volume is gradually lowering a long with the rate of IEO's and exchange upgrades.