{"id":7112,"date":"2018-07-09T00:00:00","date_gmt":"2018-07-09T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/07\/09\/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-lumens-iota-tron-price-analysis-july-9\/"},"modified":"2023-04-03T11:53:26","modified_gmt":"2023-04-03T11:53:26","slug":"bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-lumens-iota-tron-price-analysis-july-9","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-lumens-iota-tron-price-analysis-july-9\/","title":{"rendered":"Bitcoin, Ethereum, Ripple, Bitcoin Cash, Eos, Litecoin, Cardano, Stellar Lumens, Iota, Tron: Price Analysis July 9"},"content":{"rendered":"

For a couple of weeks, the market has been falling sharply, at this moment the price of cryptocurrencies<\/a> is in a flat or range trend<\/strong> (an absolute absence of trend in which the price is flat) after the side of the bears cornered the bulls side, until they beat them and achieved, in several cases, to make new minimums, whether it is absolute or relative.<\/p>\n

It is understandable that this laterality takes place now, since the market is resting from all the effort involved in such a collapse<\/strong>, so we must be aware of this and be prudent, since at times like this, traps can appear more frequently.<\/p>\n

The most advisable in moments of a range trend like this is to remain calm and not succumb to fear. Both the FUD<\/strong> and the FOMO<\/strong><\/a> can be very harmful for any trader or analyst, so the most reasonable thing in this type of situation is to stay still. But be careful, to be still and do nothing is two different concepts, this is a great moment to reflect, organize, study and learn.<\/strong><\/a><\/p>\n

Bitcoin, BTC \/ USD<\/strong><\/h2>\n

For weeks, the currency has made new lows, both absolute and relative. The bears had full control of the market<\/strong>, they managed to push prices down to levels that at the beginning of the year seemed totally unsuspected, something that is really shocking.<\/p>\n

The bulls, on the other hand, were completely cornered and could not stop the strong attacks of the bears, so for some weeks, the level of forces was similar to the attack between the Spartan army (the bears) against a hardened herd of Boy Scouts (the bulls); a duel in which clearly the bears had greater strength and in itself, the advantage.<\/p>\n

At this moment, both sides are resting, after a bloody contest in which the bears managed to conquer new lands, but, not without leaving on the way some comrades.<\/p>\n

On the other hand the bulls do the same, although from time to time, they try to retake control of the market, without success, of course.<\/p>\n

\"July<\/p>\n

Observing the BTC \/ USD<\/strong> pair in the BitFinex exchange house, several interesting things are appreciated.<\/p>\n

The first of these is that the price can tend to the upward trend line – white – long term, this line has been respected for more than 2 years and a half<\/strong>, which is of great value to determine the primary trend of the currency, which is why it makes sense to believe that in view of the current situation, it could become an important support.<\/p>\n

In the same order of ideas, an important support that was broken was the line of upward trend – orange – medium term<\/strong>, which has become a strong resistance from more than 3 weeks, which can be of value for the bears, at the time that the bulls try to take control of the market.<\/p>\n

The downtrend line – red – medium term, is still very well respected, so it can also be of value.<\/strong> Paying attention to the last relative minimums and maximums that the currency has been doing, we can see that a – green – medium-term descending channel is formed<\/strong>, a channel that is valuable since it may be one of the ways in which the price would tend to the trend line – white – long term, if it does not want to do it in a brusque and impetuous way.<\/p>\n

The volume remains low until now, a sign of rest itself or lack of strength per se, only time will tell.<\/em><\/strong><\/p>\n

\"Technical<\/em><\/strong><\/p>\n