Tuesday, 16 October 2018
Crypto TS
Bitcoin
After yesterday's growth and a surge in volatility, today there is no significant changes in the market for the first cryptocurrency. The market is trading in the area of yesterday's levels, it is a zone of $ 6400. It seems that the market is trying to gain a foothold at these levels and accumulates volume. However, the capitalization of the crypto foreign exchange market has also not changed, the total capitalization is at the levels amounted 211 billion dollars. We maintain positive midterm bitcoin expectations.
Trading recommendations - longs at current levels
Ethereum
Tuesday at the early European trading session, ether quotes are located at $ 203 levels. Yesterday's market close occurred at $ 200 levels. If the market can consolidate above $ 200, then this will open the way up to the $ 220 area. This is also strong level of resistance; upper bound of the formed mid-range sideway range.
Trading recommendations-longs in the $ 200 area
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