Trading ideas for Friday: BTC, DASH, XRP and LTC
Hello dear steemians and traders!
💰 Capitalization of crypto-economics: $ 433.498В
💵General trading volume: $ 21.305B
💥The share of bitcoin: 38.8%
BTCUSD: expected flat
Bitcoin predictably slowed down to support $9500 due to a strong oversold on MACD, which is now partially asleep. The price did not reach the level of $9500. In the next few hours (possibly before the end of the day), there will most likely be a consolidation between the Pivot pile and the support level of $9500, as indicated by the position of the Bollinger bands. Levels of $10300 and $10000 (still a psychological level, but not support) were removed, as they lost relevance.
XRPUSD: the fall has stopped
Ripple expectedly rolled back up, after which the price dropped to $0.85, creating a blurry double bottom, which is a good signal for buyers. As before, it is expected that the price will be in the range of $0.85-$1.14, but I do not expect rapid growth to $1.1455 in the nearest 1-2 cycles, most likely the price will return there in 3-4 days. New Lings can be opened now or wait for a small rollback down, but given the absence of overselling on the MACD, it's better to place a stop loss below $ 0.85. P.S. It is important that there is no Bitcoin collapse below $9500-$9200 otherwise, given the correlation, Ripple will fall below $ 0.78.
LTCUSD: gradually recovering
LTCUSD did not reach the support of $ 176 a bit, as expected, the pattern for the turn was formed, namely the hammer (look at the h4 timeframe) and the bulls temporarily intercepted the initiative. Now the rate has recovered slightly and rested in resistance to $210, in the next few hours there will most likely be a pull back to the Pivot support and flat will start, oversold on the oscillator is insignificant and will most likely decrease.
DSHUSD: entrenched over $ 600
DSHUSD after several tests of level $600 fixed it. A price model has emerged that resembles a double bottom, albeit blurred, such a pattern should push the price above the level of $650. However, the indicators of the Ishimoku cloud and MACD (almost dropped oversold) echo the decline. You can risk opening long positions at a decrease to 38.2% Fibo, with a target on the Pivot reference 668 $.
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!!!
Information presented in this material is the opinion of the author and is not an offer to a specific action.
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Great post! However, do you consider the RSI for each token/coin?