The cryptocurrency market analysis for 02.12.2018

Bitcoin
The past weekend turned out to be quite successful for the buyers of crypto currency, because almost all assets demonstrated a recovery dynamics with testing of local highs. As always, Bitcoin became the locomotive of the movement, which already on Saturday claimed the breakdown of the $ 9000 slat. Nevertheless, there was no movement above, the pair of BTC / USD again fell into the hands of sellers, who returned it to the region of long-term moving average.
It is important to note that every new attempt to recover looks more and more sluggish. The fact is that the market participants, no matter how much they are devoted to the cult of the expensive bitcoin, it is clear that on the current situation to be above $ 10 000 will be easy.

Etherium
The ether (ETH / USD) continues to courte EMA200, periodically appearing above or below the indicated average. At the Asian session on Monday, traders, on the wave of general local optimism, are developing an upward movement, trying to test resistance $ 870. Note that last weekend to overcome this milestone buyers did not succeed.
The activity of sellers, based on the 23.6 percent Fibonacci level, as well as the R1 day Pivot, was more tangible for the ether, which again had to retreat to the $ 800 support area. I'm waiting for a second test of this milestone, and then we are preparing for an enhanced correction to the area of ​​$ 600.!