Wednesday, 10 October 2018

Crypto TS

Posted by FortFS at 14:33 Labels: ,

Bitcoin - we expect an increase in trading activity in this market
The first cryptocurrency quotes showed signs of stability yesterday; the market was trading in a tight range around $ 6,530- $ 6,640. Today in Asian session, Bitcoin came under weak pressure and pulled back into $ 6380 zone, where it quickly recovered and gained back to the area of $ 6,470. The capitalization of the first cryptocurrency today is around $ 113 billion. Current technical conditions are favorable for more long positions in the region of $ 6400- $ 6485. We expect some growth in trading activity in the coming days for this market.
Trading conditions - longs at current levels in the region $ 6400- $ 6485
Ethereum is firm around $220
The minimal trading activity remains in this market. Ether capitalization is stable and is around 23 billion dollars. Quotes remain in the region around $ 220 billion.
Trading recommendations - out of the market
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