Bitcoin Cash, BCH

Bitcoin (BTC)

Bitcoin (BTC) has been trading sideways for the past 24-hours. However, momentum has been largely bearish in this period. That’s because the price has failed to break and sustain above the 100-day MA at $3684.7. This means that a short position on Bitcoin offers the most promise. To go short on Bitcoin (BTC), it would be best to wait for a break below the day’s low of $3620.7.This would be confirmation that bulls are in control. A short position around the $3620 level would have a good exit point at $3586. This is a minor support level for Bitcoin (BTC) and a possible reversal point in the day. If it breaks it, then chances are that it could test $3251. This is key support level for Bitcoin (BTC) not just in the day, but also possibly in 2019. It could also mark at the point at which,  Bitcoin  (BTC) gains upside momentum for a Bull Run that goes all the way into 2020.

However, in the event that Bitcoin (BTC) pushes above 200-day MA at $3761.7, it could possibly gain short-term bullish momentum, one that could see it rise to $3836. This is a key resistance level for Bitcoin (BTC) on the 6-hour chart.

IOTA (MIOTA)

Like Bitcoin (BTC), IOTA (MIOTA) has been trading sideways for the past 24-hours. In this period, it has been trading in a range between $0.295 and $0.30. Volumes have been relatively low in this period too. To trade in IOTA (MIOTA), it would be best to wait for a break outside of this range and be backed by high volumes. If it breaks out to the upside, and pushes above the 200-day MA at $0.318, it would be an indicator of increased bullish momentum. This could see IOTA (MIOTA) possibly rise to a high of $0.349. This is a key resistance level for IOTA (MIOTA) on the 3-hour 200-day MA and a possible exit point from an intra-day long position.

However, in the event that IOTA (MIOTA) breaks out to the downside and breaks below the 24-hour low of $0.285, it would be a trigger to go short on IOTA (MIOTA) with a target of $0.214. This is a key support level for IOTA (MIOTA) on the 6-hour chart. It could also mark the point at which, IOTA (MIOTA) begins a more long-term Bull Run that could last into 2020 and beyond.

XRP (XRP)

XRP (XRP) has been bearish in the last 24-hours. In this period, it has dropped from a high of $0.341 to a low of $0.326, an indicator that bearish sentiment is strong in XRP (XRP). To go short on XRP (XRP), it would be best to wait for a break below the 24-hour low of $0.326. A drop below this level could see XRP (XRP) drop to a low of $0.290. This is a key support level on the 6-hour chart, and a possible reversal point in the day.

However, in the event that XRP (XRP) pushes above the 200-day MA at $0.342, it would be an indicator of increased bullish momentum. This could see it rise to $0.35, which is a key resistance point for XRP (XRP) on the 6-hour 200-day MA.

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