Bitcoin is on the peak of mass adoption, from CBOE to 6 p.m. Starts futures trading. Over the last 18 days, on ET and CME, from 18 December on CEM. The question in everyone's mind is that trade will increase prices in futures or short sellers will use the opportunity to reduce prices.
This is an unprecedented event; Therefore, it is very difficult to predict the final result, however, there is possibility of maintaining instability in the first few hours and days of futures trading, as both bulls and bear roam it in CBOE.
While intraday traders can use the opportunity to profit from fluctuations, it will be a difficult time for investors.
In addition, how will business affect the Altcoin in Bitcoin? Will it be faster or will everyone be brought into meditation?
We will get the reply next week unless I get a clear picture, I will not recommend any business status at this time.
BTC / USD
The speed of the bitcoin sprouts through important Fibonacci resistance levels. It reached a high level of $ 17237.44, above those levels, where I had advocated booking profits in my previous analysis.
After days of three large ranges, digital currency is creating candlestick patterns within one day. I believe futures are likely to be very volatile in the first few hours of the business. It is difficult to predict, how will prices rise?
We can only keep a few levels in mind and work with them after the instability is low.
On the negative side, support is $ 12734.97 and $ 11344.15, which is 38.2% of the rally and 50% Fibonacci Retracement level of $ 5450.86 to $ 17237.44. On the up side, if the prices break down to a new high level, then the next level of resistance is the Fibonacci export level of $ 18281.68.
These levels are only guideline tomorrow; bitcoin can easily break or break them, so please do business with caution. I recommend staying on the shore for the next few days, unless there is an experienced intraday merchant.
ETH / USD
By breaking out of the ascending triangle pattern, Atrium is getting stronger between $ 390 and $ 480.
For the second time, $ 3,907 worked as a strong support level on December 7. As the bears are unable to drown the digital currency below $ 390, the bull will try to breakout above $ 480. If successful, atom is likely to rally fast for its pattern target of $ 65 billion
On the other hand, if the bear drops below cryptocurrency below the support level of $ 390, then the elevated scene and higher pattern targets will be void. Therefore, traders can keep their stop-loss slightly below $ 390.
BCH / USD
Yesterday, bitcoin cash is dumped below our lock level; then I will consider the situation as closed. However, the dip proved to be temporary, as the prices recovered again rapidly.
Bitcoin cache has been restricted between $ 1129.33 on the upper end and close to $ 1758.4 on the border. At the present level, it is right in the middle of the border.
I suggest buying at a breakout of more than $ 1760 or waiting for an $ 1129 dip to start any new posts.
There is a pattern goal of $ 2387 in the breakout of the range, on which the highest possible. On the other hand, if the digital currency breaks down to $ 1129, its 50-day SMA supports 1000 dollars if the level breaks, then it is also possible to fall to $ 854.
XRP / USD
Defeat on December 06, broke down under its stop loss of $ 0.218. However, Ripple received support at the $ 0.20 level and was once again bounced fast
Virtual currency has formed a huge ascending triangle, which will be completed at the breakout of $ 0.3. On the negative side, the triangle tendency is likely to act as a strong support.
By the time the triple will be negative only on the downfall from trend line, and then there is a rally of $ 0.30 on the card.
Due to instability in the triangle, the best place to buy is on a breakout near the trend line support or overhead resistance.
LTC / USD
Litecoin fell towards EMA 20 days, just as I expected from there, strong purchases took it to new heights.
The breakout of the channel was $ 154 pattern target, and the Litecoin reached a high level of $ 157.36. Since its price has reached the target goal, partial profits can be booked at current levels.
I hope to consolidate for a few days after which the bull will try to rise up again. Extraction can be done only after the consolidation.
Virtual currency can get support at $ 140.22 and $ 129.612, which is at 23.6% and 38.2% Fibonacci Retirement Level at the current rally level.
Dash / used dollar
The Dash 20-day EMA fell yesterday, where the purchase emerged, pushing it back into the ascending channel.
Dash will be negative only at the bottom of the level of $ 640
PLEASE READ OF THE POST FROM SOURCE https://cointelegraph.com/news/price-analysis-december-09-bitcoin-ethereum-bitcoin-cash-ripple-litecoin-dash