Goodbye 2017, and welcome 2018

Words
188
Reading
1 min
Listen
Play
9y

It looks like the Christmas market doldrums do not enter the CC space. Bots push and pull hard 24 by 7.

This is my last market update for 2017 and the targets shown here are valid until the 10th of January 2018.

BTC

Since my last update, BTC as the CC benchmark hasn't done much except it now firmly sits below 13 and 34 days WMAs and once we have a daily close below $13875 the price should continue to 89 days WMA with possible slight overshoots. Or in absolute terms to $10590 - $11730 where I expect BTC to find support.

https://www.mql5.com/en/charts/8106236/btcusd-d1-simplefx-ltd

Other main ALT CCs (except for XRP) are in the positive correlation with Bitcoin and don't need much of a talk. Their break out levels and targets are on the respective charts.

BCH

https://www.mql5.com/en/charts/8106242/bchusd-d1-simplefx-ltd

DASH

https://www.mql5.com/en/charts/8106250/dash-d1-ava-trade-ltd

ETC

https://www.mql5.com/en/charts/8106244/etcusd-d1-simplefx-ltd

ETH

https://www.mql5.com/en/charts/8106246/ethusd-d1-simplefx-ltd

LTC

https://www.mql5.com/en/charts/8106247/ltcusd-d1-simplefx-ltd

NEO

https://www.mql5.com/en/charts/8106253/neousd-d1-ava-trade-ltd

XRP

Is ridiculously overstretched to the upside and I don't have a single lower close before ever increasing higher highs to project its up targets. However, having displayed a negative correlation to BTC I expect it to fall hard when the rest of CC market will be on the rise.

https://www.mql5.com/en/charts/8106258/xrpusd-d1-simplefx-ltd

Goodbye 2017, and welcome 2018 | Ecency