The encrypted market is nascent and in a so developing sector, voices and voices can generate paranoia. Like the recent activation of the Bitcoin portfolio with 111,114 BTC after four years of interruption. While it's good and shows intent, it could also be a bullish humidity now that its owners are liquidating their holdings in several exchanges. However, most of the coins sensitive to BTC and after today's flash crash, the altcoins are literally melting confirming the general skepticism of the bulls altcoins.
Let's take a look at these graphs:
Bitcoin price analysis
After four years of dormancy, a Bitcoin portfolio with 111,114 BTC worth 800 million dollars is now active at the current current price. As expected, the sphere is ripe with speculations about who could be the owner of the big, old whale account. Some say that Satoshi, the anonymous creator of the Bitcoin network, is back while others are a little bit cold saying that the account could be related to Mount Gox where a Civil Rehabilitation Scheme is underway. thanks to the efforts of the Japanese FCA. It is not clear whether they are right or wrong, but Bitcoin's movement from this whale account to trade means that the owner of the wallet is excited to cash in and this could negatively contribute to the price.
All the constant things, the recent highest highs of Bitcoin prices have not only been positive for the encrypted market , but they have come a long way to instill confidence in bear-hit investors. From the rankings, it is clear that the rising momentum is falling and after the 5% drop in prices today, we now have a nice bearish engulfing pattern that repeats the upper limit of our support. Due to this slowdown, the on-site negotiations are important. If tomorrow should end up below, we recommend selling and betting $ 6,000 again.
EOS Price Analysis
Excessively, EOS is touching the bottom and could be reasons to do with chain developments and, above all, the way in which RAM resources are used in the EOS network. However, at spot prices, it is clear that the bull's momentum is fading and, after today, we should have an evening Bear Star trend in the daily chart.
After all, after today's crash, prices have dropped 13% in the daily chart and the result is that dark cloud cover at $ 7, an important resistance level in our analysis. This means that buyers have found a glass ceiling and sellers are returning to the market. Therefore, the best approach to capitalize on this new momentum and to synchronize with the long-term momentum is to sell at $ 4 targets with arrests at $ 7
Litecoin Price Analysis
Like the BTC market, there is a sharp decline in prices and, although unexpectedly, LTC sellers are returning to reject bullish attempts as clearly shown in the chart daily. Not only do we have a bearish bearish pattern just to the resistance – support above $ 70 but prices but this strong and high rejection of higher highs completes another phase of re-testing and introduces the next wave of selling pressure, the phase of recovery of the tendency of the bear. Likewise, we recommend reducing Litecoin to spot prices with arrests of $ 70 and first targets at $ 50 and subsequent $ 30 as expected in our latest business plans
Stellar Lumens Price Analysis
After years of successful partnerships, IBM now has a cross-border payment solution, Blockchain World Wire that uses the Stellar and XLM platform to facilitate the remission of almost instantaneous fiat.
Of all the coins under our review, the prices of Stellar Lumens are nothing short of random. Regardless of the print of encouraging highs, just like most of the coins under our radar, prices move inside a rising channel with 25 cents caps on the upside and the downside support trendline is injecting momentum and vitality.
prices, XLM is negotiating close to the apex of this wedge and, as the chronology shows, a break is imminent. In the event of a break of more than 25 cents, we suggest buying on dives with first goals at 40 cents and 50 cents.
On the back, any violation below the supporting trend line could mean another wave of sellers pointing to 18
- Tron price analysis
- To stimulate the participation of the ecosystem, Tron has announced that it will reward users who will vote for their favorite super representatives.
- Various news sources indicate that the Tron network now has multiple active EOS accounts, a complaint that was supported by Tronix.
highest peaks of the week, TRX continues to shrink and limiting its movements is August 28 the lows and highs resistance lines of this light bull flag.
In both cases, 12 percent of the current bullish momentum is lowered for buyers and the odds are us mig We see a collapse when TRX reacts to the collapse of the BTC. Largely because of this, we suggest shortening the TRX at spot rates with stops of 2.7 cents and targets at the lows of January. This also translates into exits of the previous long position due to the risk of traders with active purchases after that close above the 17 August highs of 2.3 cents.
Regardless of this, we will recommend a neutral position as the risk reward scenario remains prohibitive. Instead, once buyers close above 3 cents, traders can increase long shots with the first 4 cents targets.
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.