Market Review. Results of the Day. Lords of the Fallen. 01/17/2018
January 17, 2018
There is not a lot of news today, the market is falling.
- Deputy Minister of Finance of Russia Alexey Moiseev: Soon there will be no anonymous cryptocurrencies. Monetary authorities will deal with illegal miners.
- First crypto-ETFs appears on the Nasdaq Exchange.
- BitConnect exchange is closed. The project is pronounced scum.
Trading activity today has grown. Trading volume and a number of Ripple transactions have grown by more than 50%. Its trading volume is at the highest level in this month. Ripple is also the leader of the fall.
BTC reached a correction target of $10,000, and went even lower.
ETH fell to the levels of the end of 2017.
XRP corrected for 78% after the last wave of growth.
BCH returned to the range of the end of November 2017.
There is no sense to discuss support and resistance levels when volatility is that high. Everyone who has been waiting for a fall to buy, it's your turn.
Market speculators should better withhold their sales and wait until the market could find its new levels.