The opinions and opinions expressed herein are solely those of the authors / contributors and do not necessarily reflect the opinions of Cointelegraph.com. Every movement of investment and trading involves risks, you should conduct your own research when making a decision.

When the stock prices of companies climb, just by adding the word "cryptocurrency" or & # 39; Bitcoin & # 39; in their name or by announcing the entry into Blockchain technology or sometimes by sheer speculation, it is a sign that things are getting out of hand.

Meanwhile, short sellers like Andrew Left, founder at Citron Research Similarly, we think that with the sharp rise of Bitcoin in 2017, some short sellers will be salivating short on the futures market once the bullish momentum disappears.

However, will this lead to a lengthy liquidation, or will short sellers be forced to hedge, which is hard to predict.

Another interesting thing will be to see if the altcoins hold or are

Let's try to find out

BTC / USD

In our previous analysis, we had warned readers of a likely increase in volatility. We also advised trading with stops because cryptocurrency could suffer a deeper correction should it fall below critical support.

<img alt=" BTC / USD "src =" https: // cointelegraph. The cryptocurrency broke the uptrend line, confirming a break in the momentum. , Bitcoin has approached its critical support of $ 15,200

Now the rebound will face resistance to the trend line, which had already served as a solid backing, if price fails not to exceed the trend line, it is likely that it will break down by $ 15,200.

The lower targets are $ 12,505 then $ 10,760, which is the support of 50 days of SMA Negative divergence on the RSI also indicates a likely fall in Bitcoin

invalidated if Bitcoin rises above the trendline.

ETH / USD

We had hinted that bulls were trying to escape above the heights of life. On December 18, Ethereum reached a new peak of its life

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/0a48b3cc511b8a26b186d68ba349a5a9.png "title =" ETH / USD "/>

However, the highs were not corrected because booking profits and selling forced cryptocurrency to less than $ 780.

Support exists from the trend line. On the other hand, if digital currency moves above $ 800, it will move closer to its goal of $ 995.99.

On the other hand, if the bears repel Ethereum from high, it is likely to consolidate between $ 610.03 downward or $ 780 upward

BCH / USD

We have long positions on Bitcoin Cash starting at $ 1,520, we have recommended readers to follow their stops higher, instead of earning profits at target levels of $ 2,387 and the highest in all of life .

<img alt=" BCH / USD "src =" https://cointelegraph.com/storage/uploads/view/eb83eea69fe55f0c0ad5a1c4bf7cdac7.png "title =" BCH / USD "/> What to do when sitting at 100% over a short period of time? You book partial profits and drag the stops on the rest.

Thus, traders should reserve about 50% of profits on their existing positions, keeping in mind that they will not be able to pay any more. mind that the cryptocurrency can rally even at current levels.We saw that the last time, Bitcoin Cash had plummeted after reaching a new high.Therefore, it is better to pocket some winnings rather than leave everything on the table

The remaining position may be followed by a loss of $ 2,400 and we must increase it as the rally continues.

How high Can Bitcoin Cash Go? The next upside target is $ 4.5 14.5173

XRP / USD

Our assumption of a volatile trading action related to the range on Ripple's also proved to be correct. Yesterday, higher levels saw profit taking and today, with purchases at lower levels.

<img alt=" XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/12716e4f7a37bbb486bc71d9ed6b87c9.png "title =" XRP / USD "/>

as a result, the cryptocurrency is forming a flag pattern, if the price breaks this formation by forming new highs, we are likely to see a resumption of the uptrend.

D & # 39; on the other hand, if Ripple decomposes the formation, there is a good chance that we will see a shift towards Fibonacci retracement levels of 50% and 61.8%.

to predict movement within of formation, because it is likely to remain volatile.

IOTA / USD

We pointed out the tightening of the range from December 14 to December 17. A sudden movement thereafter, a Once IOTA broke the downtrend line.

<img alt=" IOT / USD "src =" https: // cointeleg raph.com/storage/uploads/view/ff4ab8a0f8a195e801959191348f2937.png "title =" IOT / USD "/> The cryptocurrency has again tested the highs, according to our expectations. Now what?

Currently, the highs offer stiff resistance. We can expect a consolidation near the peaks for the next days

If the next attempt to breakthrough to new heights succeeds, we expect a rally at levels of 8 dollars .

On the other hand, if the price fails to burst, the IOTA will become range between $ 3 and $ 5.5.

LTC / USD

We expected the bull to resume a break and close over the high life. However, our hypothesis proved false, as Litecoin reached new heights on December 18, but could not sustain at higher levels.

<img alt=" LTC / USD "src =" https: //cointelegraph.com/storage/uploads/view/601cb6d04adbbfc475bddc055d64922e.png "title =" LTC / USD "/> Yesterday, the price fell back into the fork and fell today.

We believe that the cryptocurrency will consolidate between the levels of $ 243.86 and $ 370 for the next few days

A violation of the One or the other level is likely to trigger a new trend Until then, the action related to the range will continue

DASH / USD

We had anticipated an action linked to a range on Dash, but the cryptocurrency reached new records yesterday

<img alt=" DASH / USD "src =" https://cointelegraph.com/ storage / uploads /view/0cfca5d57ffec28e9a97e6b858576fc3.png "title =" DASH / USD "/> The breakout of $ 1,250 gave a goal of $ 1,500, reached today. It is difficult to predict the next higher targets

Therefore, it might be wise for traders to follow their stops higher. Currently, a decrease of less than $ 1,200 will be a negative development; therefore, this level can act as an SL

That is why we believe that a near-term summit is imminent. We are again waiting for a fork-related action in Dash with the wide range between $ 900 at the lower end and $ 1,250 at the higher end.

Market data is provided by the HitBTC Exchange. ]