After a metioric raise in the price of Bitcoin moving from 3400 USD to 7500 USD in just 1 month, bitcoin start a huge and a deep price correction due to the cancellation of the Segwit2x fork, Bitcoin hit today 5400 USD .

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The bullish moves in several of the major altcoins, the new high in Bitcoin Cash, and the late-week dip of Bitcoin that stirred up the market.

Bitcoin

This correction will continue more deep and the bitcoin price could hit the levels of 5000 USD during this correction that will continue for serval days , but for a long term position bitcoin will hit a new all time hight but not during this month .

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Traders and investors should wait with opening new positions, as a re-test of the previous major break-out level at $5000 is likely before the end of the deeper correction.

Btc/usd chart

Ethereum

ETH/USD, Daily Chart Analysis

For ethereum the best trade that you can make is to buy ethereum from 287 USD to 310 USD, the long term position for this trade will be 370 USD to 400 USD, Ethereum show a great uptrend movement and huge potential to breakout the resitance line of 350 USD .

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Litecoin

LTC/USD, Daily Chart Analysis

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For Litecoin after hiting 64 USD, it’s go into a short correction around 57 USD, you can make a buy orderfor litecoin around 59 USD, the long term target will be 72.5 USD to 82 USD with a stop lose around 55 USD .

Ripple

XRP/USDT, Daily Chart Analysis

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Traders should wait for a short-term trend change before entering new positions, while investors could add to their positions, as long-term momentum is neutral. Support is still found just below $0.20, $0.18, and $0.16, while resistance is ahead near $0.22 and $0.26.

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In the long term position also Dash, Zcash, Neo and Omisego are good for a long term investment of 6 month to 8 month, because crypto currency now are all on the buy levels for long term postions .

Read also :

The factors that push bitcoin to decline below 6500 usd

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