After discussion at the World Economic Forum in Davos, world leaders are preparing to discuss the cryptocurrencies in the forthcoming G20 summit in March. Many leaders seek to regulate cryptocurrencies, but if we study the consequences of Chinese rules, we find that they have proved ineffective. Traders based in China started trading at the crypto-currency exchanges in Hong Kong. The Chinese government only increases the risk for its traders, because now they are forced to buy Bitcoin for a premium of about $ 1,200 compared to other exchanges. Leaders and central banks, instead of blindly opposing cryptocurrencies, should outline a strategy to cover them after discussion with cryptographic fellows. BTC / USD In Bitcoin bulls defended the $ 10,000 mark for the last few days. But they could not push prices higher, which is cause for concern. BTC Crypto currency has broken down from the down TRENDLINE one, which shows that the impulse on the lower side has decreased. You can expect a few more days of action in a narrow range between $ 10,000 and $ 12,000. It's hard to predict whether the up move or the reverse move on. If the bulls managed to escape from the 20-day EMA, which currently stands at $ 12,218, then the USD / BTC pair should rally Trendline two. Merchants can wait for a break above $ 12,200 to withstand for 4 hours, and then buy from a stop loss at $ 9,900. The target is a $ 14500 step. On the other hand, if the bears hit $ 9,900, the sale is likely , will intensify. The next stop on the lower side is $ 8000. Since we are not sure about the next step, we have elucidated both possibilities. We do not find any settings until the price remains within the range. ETH / USD In our previous analysis, we recommended long positions in the Ethereum for downturns to $ 1,000. Our long positions were called yesterday, January 27 ETH After touching the intraday high of $ 1,102.4 on January 25, the currency fell down trend yesterday, January 26 Now, if he manages to break out of $ 1110, we can expect that this rally to $ 1,174.36 level. After the USD / ETH pair breaks out of $ +1110, traders must raise the stop loss from current levels of $ 840 to $ 950. This will reduce our risk. Partial profits can be booked at $ 1,170 levels, and also stops at the remaining positions should be trailed higher. BST / USD Bitcoin Cash has a history of entering a small trading range of days before a significant breakout or breakdown. We saw a similar picture in August and October last year, 2017. BCH Currently, prices are stuck in a narrow range of $ 1,479 on the underside and $ 1,700 on the top. Any breakthrough in this range is likely to face resistance killing on a 20-day EMA, a downtrend line and $ 2,072.6853. On the other hand, support for January 17 low at $ 1364.9657 and $ 1141. We do not find tradable options on the BCH / USD pair. XRP / USD Ripple continues to trade in the range of $ 0.87 and $ 1.74 with a downward slope. If the Crypto currency breaks down from the $ 1.09 level, the fall to the bottom of the range is most likely. XRP XRP / USD Couple trying to find buyers. Thus, we must wait for the Crypto currency to rebound from $ 0.87 to the lows before any long positions start. The likely bearish crossover of the 20-day EMA and the 50-day SMA is another negative sign. We expect the range of binding trade activities to continue for the next few days. Source: cointelegraph.com
