Cryptocurrency analytics (Bitcoin, Litecoin, Ethereum, Dash) - page 6.

ShineftChaos

full member

Activity: 378

Merit: 100

I LOVE ADABS

Quote from: FXO on June 19, 2018, 04:34:49 AM

Some Gains Across Crypto Market

The crypto market is seeing some gains across the board. Bitcoin is up to $6,700 from $6,315 dollars and LTC is at $97 dollars, up from $93 dollars last week.

Bitcoin Higher but Downtrend Remains

Bitcoin is up 6 percent by since our last update. Prices bottomed out at $6,129 dollars last week, very close to the all-time low for BTC/USD at $5,980 dollars.

However despite the gains the downtrend on the daily charts remains. To end it the bulls will have to take us above the $7,775 swing high. A move above here would also restart the rally. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. A clear breakout above could lead to further gains.

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Among this coins i highly prefer to invest on ethereum because the growth of this coin is much faster due to its popularity on the people in the community.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: consideritdone on July 25, 2018, 01:44:15 PM

Down pressure seen. Bull trap for real?
https://www.coingecko.com/en

A bull trap? Do you even know what a bull trap is? ''A bull trap occurs when a trader or investor buys a stock that is about to breakout above a resistance level '' In this case we already had a strong follow through above resistance, this can't be a bull trap.

consideritdone

newbie

Activity: 602

Merit: 0

Down pressure seen. Bull trap for real?
https://www.coingecko.com/en

Bardman

hero member

Activity: 952

Merit: 516

Quote from: el kaka22 on July 25, 2018, 04:25:15 AM

I hate these chart readings. I mean people keep on reading charts on bitcoin like crazy and they share it and everyone talks about it, hell whole crypto world became a master at financial chart reading this past 6 months for some reason. Bitcoin doesn't care about your charts, learn this already, I have been around for over 5 years and charts never matter.

One big whale one big move, one big wave and all of a sudden anything can happen. Bitcoin can become 6k tomorrow or 10k, no one will be surprised for both of them. Learn that charts never matter when the majority of moves happens quickly with some trigger pulled by some people, stop caring about your charts and not read them.

Yet people make a ton of money using TA. I guess it's only a coincidence right? Chart readings matter, the only difference is that the crypto market is heavily influenced by good/bad news. Everyone reacts really aggressively to them so you always have to be aware of that. However on periods of time when we have no significant news TA prevails.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

I hate these chart readings. I mean people keep on reading charts on bitcoin like crazy and they share it and everyone talks about it, hell whole crypto world became a master at financial chart reading this past 6 months for some reason. Bitcoin doesn't care about your charts, learn this already, I have been around for over 5 years and charts never matter.

One big whale one big move, one big wave and all of a sudden anything can happen. Bitcoin can become 6k tomorrow or 10k, no one will be surprised for both of them. Learn that charts never matter when the majority of moves happens quickly with some trigger pulled by some people, stop caring about your charts and not read them.

FXO

member

Activity: 335

Merit: 11

After a long period of consolidation, Ether entered a downtrend vs BTC. Meanwhile Dash continued the bearish trend from the week prior.

Ether Enters Downtrend

We finally got a decisive break of support in ETH/BTC. Earlier the pair tried to start a new downtrend but was rebuffed twice as bulls rallied us back above the 0.07 BTC mark. Yesterday we got a sharp break below the previous low at 0.06734 BTC and unlike previous times we kept going. Today a new two-month low of 0.06232 BTC was hit. We are currently quoted just above here at 0.06139 BTC.

FXO

member

Activity: 335

Merit: 11

After a prolonged period of low volatility and range-bound trading the crypto market rallied yesterday. Bitcoin jumped by $288 dollars to close the day at $6,663 dollars per coin. Litecoin rallied by $3.92 to close at $82.94 dollars yesterday.

Possible breakout for Bitcoin

Bitcoin finally ended the downtrend started back in May of this year. The crypto rallied by 4.5% yesterday. Today we’re gaining more ground with BTC/USD quoted at $6,712 right now. Bitcoin looks set to test the important resistance at $6,840 dollars per coin. A decisive breakout above here would start a new BTC rally.

Above here there’s weak resistance at the previous swing low of $7,046 dollars. Resistance higher up can be found at the $7,775 swing high. This is followed by more levels at $8,590 and 8,880 dollars. The $10,000 round figure is another notable resistance level. A breakout above here could lead to more gains.

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nanasei

newbie

Activity: 126

Merit: 0

This analysis was done about 3 months ago and is still relevant to todays bitcoins price. The bearish price of Bitcoins and top alternative currency is not going to end sooner.

FXO

member

Activity: 335

Merit: 11

Gold price is correcting higher, but it is facing a major resistance near $1,248. Crude oil price is under pressure, and on the upside, there are key resistances near $70.25 and $70.70.

Important Takeaways for Gold and Oil

- Gold price declined this week and settled below the $1,250 support against the US Dollar.
- There is a crucial bearish trend line formed with resistance near $1,247-48 on the hourly chart of gold.
- Crude oil price is likely to face many resistances on the upside like $70.25 and $70.70.
- China’s Trade Balance in June 2018 posted a surplus of $41.60B, well above the forecast of $27.61B.

Gold Price Technical Analysis

Gold price remained in a downtrend this week from well above the $1,260 pivot level against the US Dollar. The price declined and broke many supports such as $1,254 and $1,250.

It traded towards the $1,240 level and formed a low near $1,241. It is currently correcting higher and it already moved above the $1,244 resistance. It also broke the 23.6% Fib retracement level of the last decline from the $1,256 high to $1,241 low.

However, there is a significant resistance formed near $1,248 and the 50 hourly simple moving average. There is also a crucial bearish trend line formed with resistance near $1,247-47 on the hourly chart of gold.

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FXO

member

Activity: 335

Merit: 11

Ether is desperately trying to cling on to the support around 0.07 BTC. Meanwhile Dash hit new 15-month lows today at 0.03335 BTC.

Ether Teeters on Support

Ether is quoted at 0.06946 BTC right now, desperately trying to climb back above the 0.07 BTC figure. Two days ago a new multi-week low of 0.06734 BTC was hit but as you can see on the chart below we bounced back quickly from here. While the support is now technically broken, we can’t call for a downtrend yet. For that to happen we need to see a decisive breakdown of a level not just a quick and shallow break.

A break of 0.06734 BTC is now needed for a new downtrend. Weak support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC.

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FXO

member

Activity: 335

Merit: 11

Bitcoin Drops, Litecoin Follows

Yesterday bitcoin made another attempt to break out and end the current downtrend. It was unsuccessful and the coin proceeded to drop by $346 dollars from the highs. Litecoin followed big brother lower declining by 6 percent today.

Bitcoin Drops From Highs

Bitcoin hit a high of $6,806 yesterday, only $34 dollars away from the previous swing high at $6,840 dollars. As noted in our last article, we needed a breakout above this level to end the downtrend. As that didn’t occur, BTC/USD remains in a downtrend on the daily charts.

The $6,840 dollars figure remains to be the important swing high. A breakout above it would both end the downtrend and trigger a new uptrend in prices. We are currently quoted at $6,460 dollars, down 3.6 percent on the day.

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FXO

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FXOpen cut spreads. Screenshot was made today on a real ECN account.

Gudhal Untu

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Merit: 100

The future trend of cryptocurrencies is certainly still very dependent on bitcoin, and until now bitcoin marketcap is still number # 1 with more than 38% reach, and I'm sure that the future will continue to improve even though bitcoin marketcap continues to decrease.

FXO

member

Activity: 335

Merit: 11

ETHER LITTLE CHANGED, DASH DOWN

Both Ether and Dash are trading little changed versus bitcoin. Ether is up by 0.11% while Dash is lower by 0.84 percent since last Thursday. Not large moves by any means and especially not for the crypto market which tends to be more volatile than traditional markets.

Ether Little Changed

Ether is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where we were trading at on June 28th.

FXO

member

Activity: 335

Merit: 11

Ether is sitting on the important important around 0.07 BTC per coin. Meanwhile Dash is making new yearly lows and is quoted at 0.03693 BTC at the moment.

Ether Sits on Support

After falling by almost 10 percent since last Thursday, Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly.

Ether is quoted at 0.07107 BTC right now. A decisive breakdown below 0.06961 BTC is needed to finally start the downtrend on the daily charts. For now the pair remains in a range. Support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC.

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FXO

member

Activity: 335

Merit: 11

Both bitcoin and litecoin are trading only a few percentage points above the 2018 lows. Bitcoin is quoted at $6,075 dollars right now, down by $625 dollars or 9.3 percent. Litecoin is trading at $77.31 dollars, down by $20 and almost 21% in percentage terms.

Bitcoin Floats Above 2018 Lows

Bitcoin hit a new yearly low of $5,766 on Sunday but we got a fairly quick rebound from here. In the next few days the dead-cat bounce took us to $6,326 dollars but as you can see on the chart below a lot of those gains have since faded.

We are still in a downtrend on the daily charts. To end it we need a breakout above $6,840 dollars per coin. A new rally, however, requires a break of the $7,775 resistance as well. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level.

Continue reading...

FXO

member

Activity: 335

Merit: 11

Some Gains Across Crypto Market

The crypto market is seeing some gains across the board. Bitcoin is up to $6,700 from $6,315 dollars and LTC is at $97 dollars, up from $93 dollars last week.

Bitcoin Higher but Downtrend Remains

Bitcoin is up 6 percent by since our last update. Prices bottomed out at $6,129 dollars last week, very close to the all-time low for BTC/USD at $5,980 dollars.

However despite the gains the downtrend on the daily charts remains. To end it the bulls will have to take us above the $7,775 swing high. A move above here would also restart the rally. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. A clear breakout above could lead to further gains.

Continue reading...

FXO

member

Activity: 335

Merit: 11

Ether prices jumped after a SEC official made a statement that the crypto is not a security. Dash is trading barely changed compared to one week ago.

Ether Jumps on SEC Statement

At the Yahoo Finance’s All Market Summit: Crypto in San Francisco, the U.S. SEC Director of Corporate Finance William Hinman said that the commission would not be classifying ether or bitcoin as securities. Tokens that ‘run’ on the ether blockchain may be classified as securities. Over the past few months there were worries that regulation could spill over from the token market to ETH itself. More of this clarified SEC position here.

FXO

member

Activity: 335

Merit: 11

Another week of red for the crypto-currency market. Bitcoin prices are nearing the lows set early this year. Litecoin barreled through the $100 mark and is currently quoted at $93 dollars per coin.

Bitcoin Nears Yearly Lows

Bitcoin hit a low of $6,129 earlier in the day, only $149 dollars away from the 2018 low at $5,980. The strong support around the $6,400 level seems to be cleared now although a short-term dead-cat bounce is not out of the question. We are currently quoted at $6,488 dollars.

The trend on the daily chart remains down. To end it we need a breakout above the $7,775 swing high. A move above here would also start a new rally in prices. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. This is where the last major push up died. A clear break above could lead to further gains.

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FXO

member

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Dash continues to be in downtrend on the daily charts. Ether almost joined in last week after the 0.074 BTC swing low was taken out but prices quickly reversed higher.

Ether Back in Range

After a strong V-shaped reversal ETH/BTC is back in a range on the daily charts. This range is marked with a yellow rectangle on the chart below. We are currently quoted at 0.07824 BTC.

A break below the 0.07 round figure is needed to re-start the down move. This is where we bottomed out during the latest swing lower and it almost matches the low made back on May 1st (0.06994 BTC). A clearing of this strong support could lead to extended losses below. Further down weaker support can be found at 0.06606 BTC, the 0.06 round figure and this year’s low at 0.0524 BTC. The next round figure at 0.05 BTC may also act as temporary support to falling prices.

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Topic: Cryptocurrency analytics (Bitcoin, Litecoin, Ethereum, Dash) - page 6. (Read 25541 times)