Downward price trend continues

Many cryptuurrency enthusiasts think that when this year's price decreases, in 2018, there has been a sense of recession in all the digital asset markets. Since the value of the continuous bull run of 2017 after reaching a high level of $ 19, after the fall in value, prices of BTC have declined between some small bounces. At present, BTC / BTC average of $ 11,300 is traded in the US market and trade volume has changed in only $ 10 billion in the last 24 hours. After some first unsuccessful attempts this morning, trying to re-examine the $ 11K raised in the morning.

Currently the top five exchanges include BitFinax, Okex, Binis, Upbit, and GDX. USC has jumped once again behind the Japanese Yen because the national currency was the most traded business with the Bitcoin core markets. The currencies made by the top five nations that have traded with BTC include USD, JPY, Euro and KRW. Tater USDT is the third currency within that lineup, which is not a national currency tied to a specific country.

    BTC/USD Technical Indicators

Looking at the BTC / US weekly, daily and hourly charts, the bears show that at this time, the rule has been ruled. Two simple moving averages are still spread over 100 long stays under 200 trendline long periods. It usually indicates that some further action is taken in the card, as long as the value can not be received. Using the Fibonacci extension between 38.2% to 61.8% shows that a sale-off can be between $ 9,200 and $ 8500 less. Show similar basic support to backwards books respectively, if the price falls below $ 10,100.

If shoppers can manage to compete with some internal strength on flip side then the path for $ 12 has little resistance on the press time. Back at 12 o'clock the EDT $ 11,150 range has hoped for some traders although the problem with this specific low trend is more related to the higher volume, then the resistance at higher price limits. RSI and Stochestate have moved southwards but it seems they can move forward soon. Bulls are now charging with extreme devotion.

Bitcoin cash value is following the market pattern of BTC

Bitcoin Cash (BCH) market is following a similar pattern similar to the following Fiat values. Today, a BCH global business volume is about $ 638 million per tonne of about $ 1,720 per ounce. Today, among the top five exchanges to lose most of the Bitcoin cash in Bitcoin, Okex, Bitfin, Bithamb and Hubi are included. BCH is currently holding the sixth highest global business segment of the 24 hours right below the EOS token. At present, BTCL, USD, USDD, KRW, and Euro are among the top five currencies traded with cash. At present, BTC business does more than 50 percent of the business in today's BCH trades.

BCH/USD Technical Indicators

BCH charts are similar to BTC charts, and during these past few weeks there is a significant correlation between the two markets. Small and long term SMA 200 findings indicate that there may be fewer BCH prices with 200 below 100 SMA. Bitcoin Cash RSI and Stochastic Oscillators are no different because the levels are very low but show room for improvement. Order books show that if BCH Bullage could break the resistance at $ 1,850, then it is also a good chance that higher prices can be higher. On the back side, however, unlike the BTC chart, BCH shows all the important support areas between $ 1,300 in all ways in between the current prices.

       The Top Crypto-Assets

Altogether, the highest cryptocognacus is in green in contrast to yesterday's performance, the second largest market capitalization is organized by ether (ath), which increases by 1.99 percent with an average value of $ 999 per eighth. Prices of wave (XRP) are up 12% because an XRP is trading at $ 1.38. Finally, the fifth place is still organized by Cardano (ADA), because the market is up 3%, which is about $ 0.56 per token per token in ADA prices.![CapsJan2

With the Current Political Climate and Regulatory Crackdowns Crypto-Forecasts Are Skewed

At the moment, where cryptocurrency prices are being met, there are predictions. South Korea has caused a lot of fear and uncertainty, which has greatly affected the market. During the US government shutdown, digital asset prices increased, while traditional shares and bonds moved. U.S. Investors can jump back to traditional markets again, which are now growing again that the U.S. Has decided to end the shutdown. Along with the global markets, these days the rules have been mentioned about the people of cryptronranean enthusiasm, which is taking optimism in the market this year. However, it is being shown in the mid-day rally Tuesday afternoon that things are looking for the rest of the week.