Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

Published on by Cointele | Published on

Bakkt CEO Kelly Loeffler expressed confidence that the platform's futures contract will help establish a trusted Bitcoin price for investors, unlike now, when Bitcoin trades at different prices on different exchanges.

Unperturbed by the slump in Bitcoin prices, Nasdaq plans to launch Bitcoin futures trading by Q1 2019, reports Bloomberg.

Entry of both these large exchanges shows that there is sufficient demand for Bitcoin trading even after the current decline.

Traders can buy a close above $0.385 and keep the stop loss at $0.30.

We do not see a reliable buy setup, so we are not recommending a trade in it.

Aggressive traders can try to trade the counter-trend rally by going long on a close above $205. The stop loss can be kept just below $147. This is a risky trade, so we recommend using 40 percent of the usual allocation size.

After the initial pullback, we expect the EOS/USD pair to trade in a range for a few days, trying to put a bottom in place.

Traders should wait for a trend reversal to initiate long positions.

Aggressive traders can try to trade the counter-trend rally, keeping tight stops and aiming for small targets.

Traders should wait for a reliable buy setup to form before going long.

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