Black Friday saleUp to 70% OFF

Priceanalysis

ETH/USD Bottoming outWe have reached -70%. This is very similar to what happened during the summer when we had BTC hardfork drama going on. The one thing that has changed is the fact that we are below 30 RSI, very oversold on the daily, this has not happened for 1 year and 3 months, the bounce is going to be crazy and things will get super volatile. I personally am buying in in the 470 range, expected time of recovery is 40-60 days. G20 Summit might also give us a nice bump in price, but we'll have to see. This price action is nothing new, it has happened before and will happen again. Only variable here is volume, volume increases with every drop we have and this is good! KEEP IN MIND: Best time to buy is when everyone is losing their minds and sell when everyone is euphoric, sentiment changes quickly in crypto.
BITFINEX:ETHUSDLong
by minyrmen
14 Days Sideways - Something Special Coming for XRP HODLERS.Hello friends, Hope you all doing well in crypto as well as in life. So today I'm gonna share some TA on XRP. Many of my subscribers and followers asking me the right time to re-entry in this market. As I always say, NO MATTER YOU SEE DOWNTREND OR UPTREND - BEARISH OR BULLISH - You can always make profit from it. Soon I'll coverup all these in my next videos on youtube @open4profit . About XRP 1. Last 2 weeks XRP is running sideways, and its playing in between 61.8-50% Fibonacci. 2. If we see the RSI and MACD, XRP is overbought here, that means high chance you will see some correction and rates might come bit down, that doesnt mean xrp is bad. xRaid + RippleNet = BOOM. 3.What to do now? If it comes down below 61.8 fib, chances are xrp will be somewhere between $0.39-$0.44. Also make sure you keep an eye on RSI. Once RSI comes to 30 and MACD green cross over red - BUY IT. 4. Book Profit when RSI comes close to 70. 5. Time to enter - wait for some dip - DONOT ENTER NOW. 6. Stop Loss - use 1:5 Risk Reward Ratio here for xrp. 7. My Targets - Already got a hint from charts that price will go again at $0.80 and high chances of $1 too. If FIB 50% broken upside - will see $0.7 very fast. That's it for now. If you liked my analysis SMASH THE LIKE BUTTON - SHARE IT - AND FOLLOW ME FOR MORE UPDATES ZIA DISCLAIMER: ALWAYS DO YOUR OWN RESEARCH AND TECHNICAL ANALYSIS BEFORE DOING ANY TYPE OF INVESTMENT.
BITFINEX:XRPUSDLong
by open4profit
103
Monero Giving Us Some Reasons to Feel Bullish Foreword Given Monero’s bullish price action as of late, it has received a slew of attention around the crypto community for its stellar performance. Therefore, we’re going to go ahead and cover the coin again to see what’s happened since we last took a look at it. Monero Price Analysis The chart above displays the XMR/BTC pairing on the H4. The second panel shows the Zero_n0ncense BoP RSI Xtreme (unreleased). This indicator takes the Balance of Power and shifts it to an RSI scale in a smoothed manner while infusing a couple of additional elements to dictate signals of impending reversal. The purpose of this indicator is to allow the trader to anticipate a reversal in the price as early as possible. As we can see in the picture above, the BoP RSI Xtreme was effective in doing just that. From this along with past data, we can validate that this indicator is valid. We’ll keep that in our backpocket when assessing additional XMR charts on different time frames and against the USD/USDT pairing. Monero On the Daily (XMR / BTC ) What should be immediately apparent to those that are looking at the chart for the first time is that the uptrend that’s been in effect since late August has held true. If the price of Monero holds on the daily, then this would be the third time that the uptrend has been tested successfully without a throwback in the price. The transparent green boxes in the picture above symbolize the three times that this uptrend line has been tested. According to modern trading theory, the third time’s the charm (i.e., if a line is tested more than three times, it can be considered ‘valid’; only two times is iffy). This is Coming Off the Double Bottom On the Daily (Significant) What’s even more important to remember than the ‘target’ that’s established by the double-bottom pattern is the fact that it most often indicates that there is a trend reversal of some sort that has occurred. Reversal does not mean trend break. Thus, a trend reversal from a downtrend = uptrend. And indeed, the uptrend did begin on the second dip of the ‘W’. Looking at the Potential Future Price Action For Monero So, the takeaway here is that the price is pretty firmly nestled with the uptrend serving as a reliable support (at this point) on the daily with an additional support point that exists right below the current price. Exponential Moving Averages On the chart above, we can see the EMA-100 (blue line) and the EMA-200 (purple line). The current value of both exponential moving averages are marked with a dotted dash line. From our studies in EMAs, we know that when the price is above the EMA, it serves as support, when it is below, the EMAs serve as resistance points. Thus, the two EMAs that you can see above are resistance points. EMA-100 (daily) = .017899 EMA-200 (daily) = .019673 Here is the takeaway from the three EMA indicators that you see in the chart above: 1. EMA 12 > EMA 26 > EMA 50 = positive; Shows there’s been some subtantive bullish momentum. 2. For Heikin Ashi, the EMA-12 appears to be holding. If it continues to hold, then breaking through the overhead support points that have been established by the EMA-100 and EMA-200 should not be difficult. The support points (per EMA) on the chart are as follows: EMA-50 = .016823 EMA-26 = .016890 EMA-12 = .017365 The price, at the time of writing is sitting at .017667 To reiterate, the EMA-50 tends to be the most reliable (in crypto at least), when it comes to ‘standing its ground’ as a resistance/support point. This bodes well for Monero bulls. Relative Strength Index (14) In the above picture, you’ll spot the RSI(14) for the daily chart. The reason why there are green and red colors are because this is a specialized RSI by the author of the article (like the other one), that is designed to render buy and sell signals. The indicator is currently unreleased (will be avaialable soon). As we can see on the chart above, the RSI(14) has shown stepped improvement and is not currently overbought on the daily. The trendline is placed in the photo to help illustrate the trend of the RSI in general. Moving Average Convergence Divergence (MACD) While it seems like investors should be wary of the MACD indicator’s reading above (especially since it looks like it just flashed a preliminary sell signal), it should also be noted that there was not a cross in the MACD (that’s the sell/buy signal confirmation). Thus, the trend (uptrend) is still technically confirmed on the daily. The MACD mostly reflects the price action anyway, from the author’s standpoint. The MACD would more than likely signal a sell if there were sideways movement for another day or so, which would be indicative of a technical ‘break’ uptrend that the price is trading against, which would mean that the support point we plotted that’s directly below where the price is now would become the next target. Conclusion In Conclusion, there are a fair amount of reasons for why one should be very bullish for Monero currently. 1. We’re reviewing the XMR / BTC pairing and not the XMR /USD(T) pairing. This is important because our earlier prediction with Bitcoin anticipated another rise on the price of Bitcoin. Therefore, the price of Monero (USD-wise), may accelerate even further. This opens up the trading strategy of investing in a long position on Monero to enhance one’s fiat profit gains, then consolidating the gains by exiting the position then entering a position in Bitcoin after its next consolidation phase or until another coin is found that shows prolonged appreciation against the price of Bitcoin. 2. The majority of the signals and patterns that we identified on the chart appear to be largely bullish in nature. This is yet another good sign. 3. The sentiment toward Monero has been positive in general. This is something that’s underrated and often overlooked, but it can become a great catalyst for the price action of certain assets/currencies. R/R Recommendation: (Please note, this isn’t financial advice; any trades that you make are your own responsibility)
Long
by librehash
1
Litecoin Price Analysis: Long-Term Bearish; Short-Term Iffy BullThe price of Litecoin has been moving in tandem with Bitcoin (just with more volatility) lately, which makes it an especially juicy option for shorts/longs depending on which direction you think Bitcoin is going in (i.e., if you think Bitcoin is going long, you definitely want to long Litecoin; if you think it’s going to drop, you definitely want to short Litecoin). This is validated by the correlational index provided by SIFRdata. Rarely does this traded pair move opposite of Bitcoin, although there was a time where it was appreciating against Bitcoin at a fairly rapid rate a few weeks ago as Bitcoin was ascending in price (this was back in July). But without further ado, let’s get to it. The white line that you see in the picture above represents the long-term support point for Litecoin. Below is an even closer view of what it looks like: However, the RSI is signaling us out on the daily pretty hard. As you can see with the RSI, there was a sequence of highs that had initially occurred, that signaled we were in the clear with a good investment (solid upward price action). However, that elongated pattern of progress on the RSI(14) on the daily chart is now no longer. Yet, this long-term support point that we’re seeing (indicated by the white line), is holding tight thus far. Let’s check out the volume reading to see how that’s looking. Volume As you can see from the photo above, the sell volume has descended a bit over the past few days, but it still vastly outstrips the buy volume that preceded it. Normally, when there is a decrease in the volume, we can anticipate a price reversal. But this is not the case when we were in a bear market and that decrease is a decrease in sell volume. There is a chance that there could be a subsequent spike in sell volume, especially if the price of Litecoin falls back down through the the long-term support that its currently sitting at on the daily chart. Let’s scroll out a bit first though, and get a better idea of why this long-term support is so important for determining the future price of Litecoin. Long-Term Support Point As you can see in the photo above, this long-term support is right where the price run for Litecoin really started up at in 2017. So, without even looking at a Fibonnaci chart, we can tell that the price of Litecoin is at a 100% retracement point on the daily chart. Above is the visual of the Fibonnaci though, in case you needed it. Next Likely Support Point The next likely major support point is probably at $40-ish. Triangle formation is nearing its apex on this chart. This can’t be called a descending triangle because it’s not. It does not fit the necessary qualifications of a descending triangle formation. To conclude the long-term price analysis for Litecoin, the author is extremely bearish and sees another -20% drop, at the very least. Short-Term Price Analysis In the short-term the prospects for Litecoin look slightly more promising. Divergence between the price and the RSI should be immediately apparent from first sight, but we’ll out line it below in case you weren’t able to identify it manually already. When the indicator is signaling bullish intent with the price acting in a bearish manner, that is considered positive divergence. When the indicator is signaling bearish intent with the price acting in a bullish manner, that is considered negative divergence. Know the difference and learn how to identify each; it saves lives. Resistance Points In the picture above, you can see we have the EMA-50 hanging right over the price of Litecoin on H4 currently at roughly $57. As noted in other analyses, the EMA-50 may perhaps be one of the most ‘powerful’ support/resistance points in all of crypto as far as EMA indicators are concerned, so this is definitely worth noting. The Ichimoku is dictating the same fate for Litecoin (assuming that it passes the conversion + base lines; those are the two red and blue lines on the chart right above the price). The bottom of the cloud is hovering at $57. So, $57 is looking like the definitive mark to beat. Given the bearishness of the daily outlook and the mild bullishness in the signals for the 4H chart, only the most mild of longs would be suggested here (even though it’s not advisable to risk tremendous losses scalping super short-term profits). Conclusion If one were to long here (for whatever reason), to try to hustle out an extra 5–8%+, then this is what the safest R/R would probably look like: If one were to attempt to short on Litecoin (probably the smartest decision), then it would be recommended that one set a S/L right above where the target was from the long position and then letting the price ride out from there. For this, we will change time frames and scroll back up to the daily. Truthfully, this is probably one of the more conservative outlooks for Litecoin, all things considered.
BITFINEX:LTCUSDShort
by librehash
4
Bitcoin is Looking Ripe for a Mean ShortSo after our target got hit, it appears that Bitcoin is looking VERY ripe for a mean short at this point. Below, I will outline in detail the reasons for my analysis: From what we can see above, Bitcoin started taking off to the races a few days ago after the price failed to break below the $6k resistance zone (it slipped below it briefly to the $5.8k mark for about 10 minutes before quickly correcting itself back up above $6k). However, as of now, there are reasons to be quite bearish on what’s going on. Why Should I Be a Bear? Great question. Below, are a list of reasons. RSI is Ready to Tip Over Above, is the 12H Above is the H8. Heavily overbought. Above is the 4H. Gross overbought and headed straight down. Divergence is heavy. Price is Nudging Right Against a STRONG Resistance As noted in our prior price analysis, $7.1k-$7.2k is one hell of a resistance point. As you can see in the picture above, this point has served as a notable resistance (and support) for the price of $BTC in the past, and recently at that as well. Conclusion R/R (risk/reward) on a long position just simply isn’t worth it from this point. Optimistically, there’s only about 6.81% more to be gained. Even if one did think that the price was on the precipice of a major bull run, the indicators are showing that a consolidation is due. So, regardless of whether your disposition is bull or bear, it would be advisable to collect any and all profits that have been gained from this run and wait until the price action firms itself from this point. In the author’s opinion, a modest short (not x100 leverage for you Mex junkies) might not be a bad idea either (not financial advice).
BITSTAMP:BTCUSDShort
by librehash
Ethereum Price Analysis: At Least a Scalp Possible HereIt should be no secret to anyone that the price of Ethereum got absolutely throttled over the last few days. Let’s check out some of the carnage below: Although, things shouldn’t be considered all gloom and doom because that $280 support zone held itself religiously (with the exception of a short-term sell off one day that brought the price all the way down to $250 before the swift bounce back up to $300+). The line on the chart above shows the multitude of times that the price failed to unsuccessfully break below this point. A daily candle has not closed below $280 since September 2017; that’s worth noting. Fibonacci Levels Coincidentally, this was a major level on the Fib as well! As can be seen on the chart above, the price virtually ricocheted off of that lower support point before heading ever upward. Rate of Change on the RSI It’s rare that I skip right pass the RSI itself, but the Rate of Change of the RSI(14) is something worth checking out: Relative Strength Index (14) The RSI is still oversold (when smoothed over by my amazing indicator), despite the fact that the price has bounced pretty well and that the Rate of Change on the RSI(14) has taken off. Let’s Look at Some Lower Time Frames Here are some EMA indicators on the H4. Remember what we said before about the proximity of these indicators with one another and how that ultimately can reveal a reversal in the impending trend? Perhaps what is most significant, though, is this battle between the EMA-12 and EMA-26. Most recently, the EMA-26 crossed back above the EMA-12, which is bearish. But the EMA-12 has an opportunity to get back through as well. Therefore, a price rise could be imminent. Potential Price Increase of Ethereum Assuming that the market bounces, Ethereum could be one of the major winners of said bounce. I am well aware of the phenomenon of ICO projects dumping out a shitload of Ethereum tokens when they get afraid that the price is going to continue to decrease. However, I believe that the majority of this dumping has already occurred and, of course, if the price does begin moving up strongly that will more than likely halt the dump. The above is the most optimistic case scenario (if it hits that long-ish term trendline). However, below is a more realistic expectation for what it may hit: Yup, the next support point is hovering right around $320. Conclusion When Ethereum moved up to the $320 range just a day ago after being at $280, it showed us that it has a LOT of ground to cover just to get back to ‘par’. Thus, there’s a solid chance that the price of Ethereum could really start crunching in serious gains (at greater percentage points that Bitcoin, of course) in the VERY near future! We’ll just have to wait and see though.
BITFINEX:ETHUSDLong
by librehash
2
BTC Time and Price Analysis In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy. So first off, what we have here is a WXY correction(Double three combination correction)e.g www.elliottwave.net And we currently have an ending diagonal triangle forming as of now e.g www.futuresmag.com Now we proceed to our price targets of the year , we now find the possible fib retracement targets Btc has for 2018 with the use of trend based Fib Taking the highs of 19k, lows of 6k , and the retracement up to 10k to find our possible last target for wave Y, which lies at the 0.5 retracement of around 4900 We then use the highs of wave b, lows of wave c, and highs of wave d to calculate possible fib retracements for our final wave E which lies at the likely target of 5160, Hence my recommended buy zone is from 4900-5160 for long term hold. Time analysis We now dive into time analysis where we take the swing high of wave b, swing low of c , and swing high of d to find the time approximate for wave E, a minimum target of 1:1-1.618(common retracement) is given in this chart which is from around September 13 to October 13. The 1.618 time retracement coincidentally meets with not only the trend line that led me to the assumption of retracement of 4900 but also meets with the 1.618 time retracement area. Hence in a nutshell my targets for lows of this year are anywhere from 4900-5100 area and i believe it will happen around October periods Hope it helped you !! Happy trading. DISCLAIMER:I am not a financial advisor and these are just my own personal opinions to give you more exposure to your last decision on whether to short or long Thank you .
BITFINEX:BTCUSDLong
by noobtrade232
Bitcoin is Yelling 'Get Off my Lawn!' You better listen to old man Bitcoin, he is not playing any games today! It’s pretty clear from the chart above that the market made their decision definitively. If you remember from the last price analysis that we did, we mentioned that $6.8k-$7.2k would be the zone that would lock in the price of Bitcoin until there was a strong movement in either direction. In the author’s estimation, they surmised that the price would actually bounce upward, however, the author was wrong on this account and it appears that the price has broken down south of the $6.8k mark. This was another major resistance/support point for the price of $BTC in the past. Looks like the RSI(14) has dropped straight down to the oversold category from overbought without one hitch or fork. This is what you would expect to see after a classic dump. Which should lead one to the understanding that Bitcoin was pump and dumped. Doesn’t get much more blatant than that. What you’re observing above is not the natural progression of RSI. This is manipulation at the highest level and something that traders should be distinctly aware of. However... It’s your responsibility to hedge. This possibility that the price would either move up or down was discussed thoroughly in the last analysis. Make sure that you always have a “backup plan”.
BITFINEX:BTCUSD
by librehash
1
Bitcoin Price Analysis: Bounce May Finally Be in OrderAs you can see the price drop is looking a bit over-extended on the 4H chart now (finally). It’s hanging outside of the bottom of the Bollinger’s Bands, which means that an impending price increase is pretty much fair game from that point. RSI(14) has been shooting down on the daily chart for $BTC #Bitcoin. Typically, there’s some sort of bump in the RSI before it hits the other end of the spectrum (from oversold to overbought and vice versa). It’s important to understand though that the RSI is not yet oversold at this point, and we are still in a bear market. However, more often than not, the RSI tends to take a break shortly before continuing forward. 12H-RSI(14) for Bitcoin The 12H just touched the oversold range. 4H RSI(14) for Bitcoin Even more oversold on the 4H. Let’s check out the price activity over the last 24 hours, because a lot has happened. So, the price has depreciated by 7% over the last 24 hours, which is pretty substantive. It broke straight through the $7.2k support that we outlined in one of our former price articles and is now just below $7k as it looks to be making that push toward $6.8k as we predicted it would a few days ago. RSI is actually rushing on the 1H chart here though after it rushed forward toward the $7k support (which has held pretty well thus far): Let’s answer a couple of questions before getting into the other reasons for why there is reason to be somewhat bullish on the price of $BTC at this current moment. Those yellow rectangles that you see on the chart above represent the $6.8k critical support point that Bitcoin is getting ready to test. That diagonal line that the price looks destined to coincide with also represents that former uptrend from June 28th to the present moment. Above is a depiction of what the author is proposing the future price action will be. Given the converging support points as well as the oversold RSIs, it seems as though there is a likelihood that there will be temporary period of relief for Bitcoin bulls and a potential bounce from this $6.8k point. However, bulls should not get too enthusiastic, because there is still a substantial distance for Bitcoin to travel. There is a potential upside of 16.26% on this move. This long-term downtrend resistance stems from the $11.5k peak that occurred in March. However, Bitcoin would need to pass some heavy resistance points before actually being able to reach said “max” R/R. **Assuming That This Bounce Does Not Happen** To state that this will not happen, is to state that the price would drop below that critical $6.8k support point. That mean that the price would ultimately end up at $6.5k. Conclusion This was a very carefully crafted price analysis, because this move that was explained in the graphics and words above may be a few days away from manifesting itself and the move itself may take a few additional days/weeks to manifest. In fact, this scenario may not come to fruition until September. To clarify any confusion, the author still firmly believes that the price of $BTC will continue downward after the bounce occurs.
BITFINEX:BTCUSDLong
by librehash
2
$XRP Looks Like It's About to Run Away As you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m looking at, and this mini uptrend has only prevailed for approximately 4–5 days, which is hardly any length of time, even in crypto. However, from what I’m seeing, this is bullish for $XRP holders. This picture above shows the strong uptrend that $XRP has been on in the last few days on the 1H chart. Let’s throw on top of it that it appears as though a bull pennant has formed (and been successfully broken) on this chart as well, which is a very good sign. However, one major point of concern here is the declining volume over the last couple of weeks: Now let’s examine why in the world $XRP has been experiencing such bullish price action against $BTC. To Do So We Need to Look at the $XRP / USD Chart First As you can see in the picture above, the price of $XRP on the USD chart has met against that super long-term resistance point of $0.40-$0.43 as it grinds at the apex of this VERY lengthy triangle pattern. Now, Let’s Check Out the Price Movement for $BTC / USD The price of $BTC appreciated between 7/19–7/26 (15.54%) and between 7/30 to present the price has dropped substantially (-13.08%). Now, Let’s Go Back to the $XRP/BTC Chart and See How This Coincides: Should be pretty obvious what’s going on here. This is why the combined short on $BTC + the long on $XRP was advocated in the past from me. Strategy/Conclusion Given the fact that this is what the RSI on $BTC looks like at this present moment in time: It feels like a continued long on the $XRP/$BTC pairing would be a wise idea. However, if I were a trader entering this trade, I’d set a stop loss at $0.40 on $XRP. If it breaks to that point, you’re in danger zone.
Long
by librehash
1
Ripple Looking Ripe for a 'Long' GambleAs you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m looking at, and this mini uptrend has only prevailed for approximately 4–5 days, which is hardly any length of time, even in crypto. However, from what I’m seeing, this is bullish for $XRP holders. This picture above shows the strong uptrend that $XRP has been on in the last few days on the 1H chart. Let’s throw on top of it that it appears as though a bull pennant has formed (and been successfully broken) on this chart as well, which is a very good sign. However, one major point of concern here is the declining volume over the last couple of weeks: Now let’s examine why in the world $XRP has been experiencing such bullish price action against $BTC. To Do So We Need to Look at the $XRP / USD Chart First As you can see in the picture above, the price of $XRP on the USD chart has met against that super long-term resistance point of $0.40-$0.43 as it grinds at the apex of this VERY lengthy triangle pattern. Now, Let’s Check Out the Price Movement for $BTC / USD The price of $BTC appreciated between 7/19–7/26 (15.54%) and between 7/30 to present the price has dropped substantially (-13.08%). Now, Let’s Go Back to the $XRP/BTC Chart and See How This Coincides: Should be pretty obvious what’s going on here. This is why the combined short on $BTC + the long on $XRP was advocated in the past from me. Strategy/Conclusion Given the fact that this is what the RSI on $BTC looks like at this present moment in time: It feels like a continued long on the $XRP/$BTC pairing would be a wise idea. However, if I were a trader entering this trade, I’d set a stop loss at $0.40 on $XRP. If it breaks to that point, you’re in danger zone.
KRAKEN:XRPUSDLong
by librehash
1
$OMG Might Not Be a Suitable Entry for Weeks The chart above is the daily for $OMG. Short-term downtrend still holding steady on the $BTC pairing for $OMG. Lots of red candles at the end here. RSI = dramatically oversold. Remember, we are in a bear market, so it can remain oversold for as long as it needs to be oversold. In other words, don’t adopt the fallacious trading logic (in a bear market) that says, “Oh! It’s finally hit the oversold point. That means that we must be due for a bounceback now!”. This mentality will get you savagely wrecked. Volume at the bottom here isn’t doing any favors either. Actually, if you look closely enough, you can see that it appears as though the sell volume has actually increased over the last few days for $OMG and, in general, it has been a lot higher than any of the buy volume candles on the currency, currently. I haven’t personally tracked the sentiment in the community right now, but I would imagine that it is not very high at the moment. Volume ain’t looking much better on the 4H either. You can clearly see that the buy volume is descending on this chart, with the body of the last candle that’s forming currently right now not exhibiting an open that is dramatically above the close of the preceding close (Heikin Ashi bars). This is probably what can be attributed to the slight rise in the RSI, but overall there’s nothing to write home about when it comes to $OMG. I’d have to write this down and write this off as a hard pass. I marked this idea as a 'short' technically even though there are really no viable ways to short unless you find yourself a lending platform that will allow you to do so.
OShort
by librehash
Looks like $7.2k will be the next stop As the chart above shows, $7.2k is the next likely stop for Bitcoin. Right now the price has consolidated upward toward the $7.4k range for $BTC. One of the main factors that I personally attribute to this is the fact that $BTC got a boost from CMC this morning from their exchange API messing up (so they say). Basically what happened was that that their exchange API falsely reported prices that were vastly inflated from what they were across multiple exchanges. For example, CMC reported that the price of $BTC was hanging at $8.4k, and that $ETH had hit $500, $BCH was at $800...etc., you get the picture. So, I believe that this had a sentiment effect on the entire market because people were perceiving the prices to be dramatically higher than what they really were, which resulted in some amount of FOMO buying and selling. Despite this random (not so random in my opinion) API malfunction (due to their connection w Bitforex), I think that the price has jumped to $7.4k. I anticipate, based on the RSI and other factors, that the price will eventually continue its path downward for the next 2-3 weeks at least (in terms of overall movement; there will be some leaps here and there I expect).
BITFINEX:BTCUSDShort
by librehash
1
NZDUSD is on the bottom of the channel - LONGFrom some time NZDUSD is at the bottom of the channel. The golden rule of trading (doesn't matter if it's currencies, stocks, cars, video games) is to buy when it's cheap and sell when it's expensive. When you are buying TV - you know which one is cheap, and if you are doing little research you can say that some time ago the price was higher/lower and on that basis you can decide if it's worth to buy it now or wait. The same situation is on forex. The price of NZDUSD seems to be low right now, so for me it's time to buy and make 5-10% here ;) And that's why I'm planning to open L at the beginning of next week. I will put my stop-loss on 0.665.
Long
by untechnical
2
ETHEREUM CLASSIC PRICE ANALYSISECT is one of the project still holding firm defying the Bears. With Coinbase announcement to start the process for listing ETC, there has being a strong hold, Prices drop synchronous with falling crypto marketcap but returns higher from the previous highs. Also, there is speculation of a surge should the SECs approve BTC ETFs. Recent bear slide has pushed the price to $16 and may continue lower during the weekend but a bull rally is expected to push the price to $20-$21.
KRAKEN:ETCUSDLong
by Santiago1
BITCOIN CASH PRICE ANALYSISPrice pattern of BCH often seem same as the of ETH. The bears continue to slide the prices despite positive news that Robinhood’s zero fee crypto trading platform has added support for Bitcoin cash. As mentioned from previous analysis about the vulnerability of the network, this con also impact on a further price fall. We expect price to hold at previous support of $606. Meanwhile Roger Ver is back again on his attack on the Bitcoin network claiming that "Bitcoin Core and Blockstream have intentionally degraded the user experience of BTC and caused people to seek out other coins to use as a substitute".
KRAKEN:BCHUSDLong
by Santiago1
ETHEREUM PRICE ANALYSISLooking at the price action today reminds me of the first analysis . Prices rallied during the short bull excitement but began to fall as the bears returned. Looking at the chart, prices are expected to find support at $405 as price may continue to fall during the weekend. A break at this support will send the smart contract platform token seeking support at $362. Recently Joseph Lubin, co-founder of Ethereum, announced in the RISE conference held in Hong Kong, that the Ethereum blockchain has now entered the second phase of its development which will focus on the development of solutions like Plasma and Sharding.
KRAKEN:ETHUSDLong
by Santiago1
BITCOIN PRICE ANALYSISWith the bulls lacking strength to push bitcoin price to $7000, the king of cryptocurrencies has been found sliding again. A continuation in price fall during the weekend may find a support point at previous low around $5803. A break from this support may send the king looking for cover at $5000 or just below. Though most investors wouldn't want that, one of them namely Katy wood founder and C.E.O of Ark investment in an interview with coindesk, stated that its healthy for the ecosystem.
COINBASE:BTCUSDLong
by Santiago1
BTC technical price analysis for the foreseeable futureBTC ranging still albeit looking bearish, a little bounce here till it falls down to that long standing support line. I expect it to bounce there and create another higher low. The point of interest will be the next push up, if it fails to create a higher high and that lower high fractal is created I expect a fall down to the that gold zone (major support/confluence zone). If it gets there you would need to reassess the sentiment in the market as well as volume, downward velocity and market formation. I would expect it to really test that purple trend line down in the that confluence zone, I would definitely expect a bounce in this zone however.
BITFINEX:BTCUSD
by dilsy111