Crypto review 5 December, 2019

What do we see in the crypto market?

BTC

November is the worst month in 2019 ... What is it for bitcoin: do whales drop smaller players from the market before a long jump up?

Or is it the adequate behavior of the price of a previously revalued instrument, which was accompanied by general instability?

It is better not to look for answers to philosophical questions, but to analyze the asset from a technical point of view. In the summer of 2019, a downward channel was formed. The angle of the channel construction coincides both in the area of ​​support and resistance.

Technical analysis does not exclude purchases within the current and next week, as a false breakdown of the previous week failed to keep the price below the key level.

ETH

From an investment point of view, ether has become an asset under a big question. Price weakly reacts to positive fundamental events.

The hype around this altcoin gradually ran out of steam, as evidenced by the dramatic decrease in mentions on the Internet, as well as the decline in the number of transactions.

The general mood is under pressure, but do not forget that the power reserve is very limited, airtime cheaper than 100 will adversely affect the cryptocurrency community. It must not be overlooked that crypto-kits still believe in the greatness of their tools.

XRP

Ripple volatility is decreasing exponentially. The tool does not allow speculators to exert too much influence on the exchange rate, as ripple is an important partner of several large world banks: from the east and west.

The technology offers an interesting transfer solution for transnational banks, however, they are somehow connected with the XRP cryptocurrency, for this reason it is possible that these multinational banks also take part in curbing the XRP / USD rate. The general mood is stable.