Now it is very likely that the price will touch 36.8-36.5, which will complete the movement in the green channel 0.5! after that, if there are no big stops, there will be a rebound, a lower probability is lower, since LTC is now far behind in terms of trading volumes!
For updates, stay on our platform! in more detail for those who work with our team of analysts:
In spite of the fact that many were talking about growth, we stood our ground and talked about updating the bottom, no one unexpectedly unexpectedly happened that it happened, but this is a world of cryptocurrencies, and we have seen it more than once! Always use stop loss! Now we are expecting a small flat, accompanied by a possible decline, after which a not less rapid leap up
for more info use our VIP TRADE,we made money on this fall, and you?
BTC dominance is currently at 52.4% (+0.0%). The total market cap is currently at $211.0 billion (- $1.8 billion). The market volume of the last 24h was $13.1 billion (+ $0.6 billion).
Bitcoin is approaching one more time 6.2k area and one more time it is rejected from low bollinger band. If this daily candle closes above 6320, it will be very good sign and we may see upward momentum to 6400 at least.
Currently not in a position. We are waiting for nice trigger and confirmation to enter the position.
14.11.18 CBOE close Futures so we expect price fluctuations
As there is no significant news today, we would take the opportunity and talk about volume and market cap a little bit. What you see on media like coinmarketcap.com and similar should be used only as reference not as 100% truth. As long as they have opportunity, they will fake time to time some information. Most people do not realise what the market cap is. If the market cap of the coin is $1 billion, it doesn’t mean that there is $1 billion invested in that coin. Most likely it is much lower because market cap is last trade price * circulating supply. So, if I build my own coin with 1 trillion coin supply, and I own everything and decide to sell 1 coin to my friend, it means that market cap of that coin will be $1 trillion because the last price was $1 and the supply is 1 trillion. Now, it is very clear that there is no $1 trillion invested in that coin.
So, using coinmarketcap.com for example won’t give you 100% true results but at least it will always give you results with almost the same mistake so you can analyze that reference.
So, for example Ripple. Some will say it can’t reach $100 because it has huge supply and it needs soo much money to be invested and bla bla bla. It can reach $100 if there will be enough reason for that price to be reached because it doesn’t need all that money but needs huge hype and reason to go to that price.
I am personally not holding ripple but when I see someone talking about market cap and mention that ripple can’t make it, well you are wrong. It can reach $10 trillion market cap with less than $1 trillion real money because that’s how it works and every $1 in market cap is not backed by 1 USD so stop using market cap as example why some coin can’t make it.
As we said yesterday, price faced with resistance around 6370 and dropped all the way down to 6250 and few hours later bounced off to test 6370-6390 resistance one more time and got rejected one more time.
At this moment, daily time frame is very unpredictable and we will not share any prediction today because it is very hard to predict next move. Based on weekly close, we give more chance for downtrend but we will short only when D1 and H4 confirm downtrend momentum.