Hello Steemians, 


The news from China over the last few days has been the most driver of cryptocurrency movement.

What happened:

Uncertainty and worry. there have been countless rumours and as shortly as BTCC educated a couple of trade closing, the market captive down. OKCoin and Huobi closing rumours additionally stirred the pot.
Development of the situation: everything happened quick, rumours concerning closing haven't been confirmed, OKCoin and Huobi still work, however shut mercantilism and deposits (CNY).
Huge volatility. huge sells on rumours, huge buys on refutation - all cryptocurrencies are vulnerable to speculative movements within the lastest days. somebody looks to  have created a decent profit on this.
To sum up, China follows the trail of regulation. even if there area unit so far no radical announcements from the Chinese government, several insiders behaved as alarmists - and therefore the market reacted consequently.

BTC/USD 16.09.2017
Since volatility has been Brobdingnagian, it is smart to appear at day charts.

https://cointelegraph.com/storage/uploads/view/d4fca768081e62309bbf22bdc36e4717.png

The uptrend line was hit, along side sinking. It’s a rather pessimistic signal, however don’t over deem technical analysis. News plays the most role on the present market.
For the primary time in a very long whereas, Bitcoin came back to 1 of the most levels of the summer - $3000. The support zone has managed to remain, since excellent news arrived.
Huge volatility, even on on a daily basis chart.
Thanks to excellent news, dynamics have modified. If it remains positive, we'd  see $4000 tests. sinking higher than $4000 could mean doable formation of a brand new native uptrend.
For now, news for BTC doesn’t appear to be promising. the primary major events area unit anticipated nearer to November.
ETH/USD 16.09.2017
Many cryptocurrencies are subject to volatility latterly, and Ethereum isn't any exception.

https://cointelegraph.com/storage/uploads/view/87f34836c6a297081f208622fede0bc7.png

Technical situation:

Uptrend line has been hit.
$200 support zone remains.
Judging by dynamics, we are going to see $280 resistance tests within the nearest days. Technically, this level are going to be important for speculators.
In Sept, ETH can have huge news coming back. it'll be a decent growth driver.
Fundamentally, the project goes well. ERC-20 is turning into Associate in Nursing business customary. the quantity of Ethereum ICOs is big. this is often a decent sign for the future capitalist.

LTC/USD 16.09.2017
LTC behaves abundant stronger than different cryptocurrencies.

https://cointelegraph.com/storage/uploads/view/142f77efbc247d9d12d437f6108c051e.png

Current situation:

News has broken a really robust uptrend line, that started back in Gregorian calendar month. No fixation happened, the worth quickly went back. It’s a really optimistic signal.
$60 resistance zone. it is the 1st purpose LTC ought to check within the nearest days.
It’s Associate in Nursing atypical scenario, however straight away the uptrend dynamic level are going to be sensible support for LTC.
News for LTC may be generous, due to Charlie Li. LN tests and therefore the native successes of “digital silver” is also sensible motivation for growth.

source: cointelegraph.com

@dattabitcoin - A.K.A CryptoAstronaut

https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif