Analyst of Olymp Trade Alexei Serov continues to analyze the dynamics of prices kriptovalyut. In today's review, several of the most liquid altcoyins will be considered.
Crypto community in anticipation of SegWit2x. This event adds uncertainty to the whole market, as in the crypto community there is still no unambiguous position regarding its expediency. There are a lot of questions: it is not clear which network most of the leading companies will give priority to and will assign a BTC ticker, as the new coin will be called as a result of it. e.
At the moment, wallets and exchanges refer to the network after the separation as follows:
BT1 and BT2 - Blockchain.info;
Bitcoin-1x and Bitcoin-2x, Ledger;
BTC and B2X, GDAX, Trezor.
One of the key points remains the criterion for obtaining new coins. Since B2X developers do not plan to implement protection against replaying transactions, users will have to manually separate the coins to use coins of both chains. At the same time, at the moment, there are no instructions on the division.
However, as in the case of previous hardfork, the fastest way to get new coins is to store them on purses that support SegWit2x, and for which users have private keys. The exchanges, as usual, will freeze the input / withdrawal of funds during the period of carrying out the hardback and subsequently credit new coins, in accordance with their internal regulations.
On the eve of hardfork, bitcoin continues to grow, updating historical highs. So, the other day the first crypto currency tried to break through the mark of $ 7,500, and at the moment we can observe a retest of $ 7,000.
As for the futures on SegWit2x, in comparison with last week their price updated new highs - 0.3 BTC and $ 2247. At the moment, these derivatives are traded at 0.2 BTC and $ 1400:
In my opinion, it is precisely the implication of the distribution of free coins that the hardfork accounts for the bullish tendencies of bitcoin. Despite the fact that the BTC in overbought, the trend or at least attempts to move upward, most likely, will continue in the future.
Thus, the fixed capital on the crypto-currency market continues to flow into bitcoin, coming from outside as well as migrating from the altcoyins. This is shown, in particular, by the index of dominance of the main crypto currency, which again returned to values above 60%.
Let's see now what is happening in the world of altcoyins. Looking ahead, you can say that there are not so many events. With rare exceptions, this is either a flat motion, or a small correction (the inverse correlation with the BTC correction).
Bitcoin Cash, fork of the first crypto currency, is in a local up-trend. On the dollar chart, the asset concerned at the time of the $ 670 mark (one of the Fibo levels and the local maximum at the beginning of September), and is currently trading in the price corridor between the levels of R2 and R3 ($ 560 and $ 655 respectively).
Given the overall dynamics of the movement, the asset is likely to try to break the R3 level upward, where the next barrier is the price of $ 750 per coin. However, for this, the BCH / BTC schedule will most likely have to overcome the R1 level (0.092), which is also the Fibo level. Correction in relation to the first crypto currency of this asset is one of the largest and this is most likely facilitated by a positive news background.
Crypto currency Monero quite clearly marked the global support line (the bottom red line). The asset was heavily bought back and now it is locally adjusted from the 0.015 mark. This also clearly does not mean a change of trend. Moreover, when the designated global support line breaks down, the asset may fall much lower. Most likely, in the near future, we will see new attempts to do it.
As a result, we continue to live in anticipation of SegWit2x and Bitcoin Cash. In general, the upcoming events have a positive effect on bitcoin and BCH prices, but the remaining coins do not feel very good (with rare exceptions, they either stay in place or continue to fall). We can assume that this situation will continue.
It is important for crypto investors to think over the best option for obtaining new coins as a result of SegWit2x's hard-core. At the same time, it is necessary to carry out trade operations in the period of general pre-emphasis uncertainty with extreme caution.