Topic: Daily price analysis BTC + ALTCOINS - page 4. (Read 3071 times)
in my opinion the price of bitcoin and altcoin in 2018 will never be predicted the price movements of bitcoin and altcoin will not be clear because the current market conditions are very vulnerable to attack by bad news and it is very easy to panic traders so that prices will never be able to prediction.
I think btc is doing a weekly move with first targets at 4900/5200... A bounce from $6200/6300 to 6700/6900 is very possible and then dip again ,
Bitcoin, Ethereum, Ripple, EOS Suffer Significant Losses: Price Analysis, August 8
Bitcoin and altcoins suffer significant losses, currency pairs establish new lows
Hello, my name is Andrew Strogoff and I’m going to give you my view of the situation on the crypto market today. As far as you can see, everything goes down. Bitcoin and altcoins have suffered significant losses. I have thoroughly studied news in an attempt to find out what is going on and I saw no clear reason for downtrends.
As I have already told you previously, the reasons may be psychologic meaning market participants have fears of something and get rid of their digital assets. However, I also think that whales may drive the price in order to allow themselves to buy lower.
As for the events, I would like you to pay attention to the following information. Blockchain data is legalized in Ohio. The other states consider to make the same This is a very important step on the way of technology adoption.
Another interesting news comes from Japan where local student creates an application to help voters and politicians to communicate. The main aim of this PoliPoli app is to allow voters to talk directly to the politicians.
Bitcoin (BTC/USD) makes new lows
Bitcoin has suffered significant losses in the past 24 hours. You can see it on the chart. BTC price is below the red descending trend line meaning bears are controlling the market again and have the power to develop the downtrend. However, before they will try to push the price lower, I think the correction is needed.
If we take a closer look at the four-hour chart, we can see that the price has reached the support area at $6,510. BTC/USD has crossed a couple of supports recently including $6,943 and $6,701. The currency pair managed to break through the red descending trend line recently but returned to it, retested and went below again.
Now, I think, Bitcoin is going to make a correction towards this red descending trend line again. The closest aim for the currency pair is the resistance area at $6,701. If tested successfully, bulls will be able to move further and to develop this correction towards the red descending trend line and the next resistance area later.
However, if $6,701 stops BTC price from further growth, I expect bears to push it towards $6,510 to retest this level and to develop the downtrend later.
Ethereum (ETH/USD) downtrend in play
Ethereum declined and suffered significant losses in the past 24 hours. ETH/USD has lost more than six percent. This is the common tendency for the cryptocurrency market currently. However, I think that bulls have to say their word before bears are able to develop their progress.
Ethereum has reached the support area at $375.60. The currency pair has crossed a couple of supports in the past 24 hours as this downtrend was strong and buyers had no chances to change the situation. The currency pair stays far below the red descending trend line.
I think that ETH/USD is going to start a correction currently as ETH price has done a huge dive in the past 24 hours. This upside correction will aim the closest resistance area at $392.32 at least. If bulls test this level successfully and manage to break through the descending trend line, they are likely to drive ETH/USD higher to new resistance areas.
However, bears are still in force and I think they will try to push ETH/USD lower after the upside correction. They are likely to retest the support area at $375.60
Ripple (XRP/USD) today’s big loser, ready for a correction
Ripple has lost more than 10 percent in the past 24 hours. The situation is really catastrophic for the buyers as the currency pair has broken through a couple of support areas without significant difficulties. This means that the whales may push all the currencies somewhere to have nice opportunities to buy for lower prices.
Anyway, it is time for bulls to be defensive. The situation is not favorable for them as bears destroy their defensive lines one by one. However, I think that buyers are likely to make an upside correction in the nearest future. Their target is at the resistance area at $0.3934. I think that the price will be there on Wednesday-Thursday.
However, bears are too strong currently. They have total control over the market and establish new lows. I expect sellers to counterattack after the end of this upside correction. They will target this current support area at $0.3503 again. If successful, bears will be able to develop their progress.
Take a look at Ripple (XRP/USD) & EOS (EOS/USD) Price Analysis, August 8
Bitcoin and altcoins suffer significant losses, currency pairs establish new lows
Hello, my name is Andrew Strogoff and I’m going to give you my view of the situation on the crypto market today. As far as you can see, everything goes down. Bitcoin and altcoins have suffered significant losses. I have thoroughly studied news in an attempt to find out what is going on and I saw no clear reason for downtrends.
As I have already told you previously, the reasons may be psychologic meaning market participants have fears of something and get rid of their digital assets. However, I also think that whales may drive the price in order to allow themselves to buy lower.
As for the events, I would like you to pay attention to the following information. Blockchain data is legalized in Ohio. The other states consider to make the same This is a very important step on the way of technology adoption.
Another interesting news comes from Japan where local student creates an application to help voters and politicians to communicate. The main aim of this PoliPoli app is to allow voters to talk directly to the politicians.
Bitcoin (BTC/USD) makes new lows
Bitcoin has suffered significant losses in the past 24 hours. You can see it on the chart. BTC price is below the red descending trend line meaning bears are controlling the market again and have the power to develop the downtrend. However, before they will try to push the price lower, I think the correction is needed.
If we take a closer look at the four-hour chart, we can see that the price has reached the support area at $6,510. BTC/USD has crossed a couple of supports recently including $6,943 and $6,701. The currency pair managed to break through the red descending trend line recently but returned to it, retested and went below again.
Now, I think, Bitcoin is going to make a correction towards this red descending trend line again. The closest aim for the currency pair is the resistance area at $6,701. If tested successfully, bulls will be able to move further and to develop this correction towards the red descending trend line and the next resistance area later.
However, if $6,701 stops BTC price from further growth, I expect bears to push it towards $6,510 to retest this level and to develop the downtrend later.
Ethereum (ETH/USD) downtrend in play
Ethereum declined and suffered significant losses in the past 24 hours. ETH/USD has lost more than six percent. This is the common tendency for the cryptocurrency market currently. However, I think that bulls have to say their word before bears are able to develop their progress.
Ethereum has reached the support area at $375.60. The currency pair has crossed a couple of supports in the past 24 hours as this downtrend was strong and buyers had no chances to change the situation. The currency pair stays far below the red descending trend line.
I think that ETH/USD is going to start a correction currently as ETH price has done a huge dive in the past 24 hours. This upside correction will aim the closest resistance area at $392.32 at least. If bulls test this level successfully and manage to break through the descending trend line, they are likely to drive ETH/USD higher to new resistance areas.
However, bears are still in force and I think they will try to push ETH/USD lower after the upside correction. They are likely to retest the support area at $375.60
Ripple (XRP/USD) today’s big loser, ready for a correction
Ripple has lost more than 10 percent in the past 24 hours. The situation is really catastrophic for the buyers as the currency pair has broken through a couple of support areas without significant difficulties. This means that the whales may push all the currencies somewhere to have nice opportunities to buy for lower prices.
Anyway, it is time for bulls to be defensive. The situation is not favorable for them as bears destroy their defensive lines one by one. However, I think that buyers are likely to make an upside correction in the nearest future. Their target is at the resistance area at $0.3934. I think that the price will be there on Wednesday-Thursday.
However, bears are too strong currently. They have total control over the market and establish new lows. I expect sellers to counterattack after the end of this upside correction. They will target this current support area at $0.3503 again. If successful, bears will be able to develop their progress.
Take a look at Ripple (XRP/USD) & EOS (EOS/USD) Price Analysis, August 8
I think bitcoin prices will never be able to predict bitcoin price movements depending on the good news conditions that are specifically for cryptocurrency, the price of bitcoin depends on the presence of buyers and sellers so you should never be affected by the graph completely, you buy as much as possible when prices fall.
Basically its unfortunate that XRP broke its support at $0.42, I was long also and scaled back my position in case it keeps dropping. I really assumed this was the yearly low for XRP but I guess I was wrong.
BTC might of found its low at the $6800 since it failed to close lower and resulted in a nice doji close on the daily. Right now I am looking at the right shoulder and the high at ~7150 and hopefully it will close higher than that today or tomorrow.
BTC might of found its low at the $6800 since it failed to close lower and resulted in a nice doji close on the daily. Right now I am looking at the right shoulder and the high at ~7150 and hopefully it will close higher than that today or tomorrow.
Bitcoin, Ethereum, Ripple, EOS Decline Again, Bears Counterattack: Price Analysis, August 7
Bitcoin and altcoins bulls are exhausted again, bears take control
Hello, this is Andrew Strogoff again and today we are going to look through several cryptos in order to see their perspectives. The current situation is neutral as there are no tendencies in the moment of writing. Bears have counterattacked yesterday and most of the cryptos declined.
There are no important events to affect the market still. I think that this is something related to psychology. Investors and traders try to get rid of cryptocurrencies currently but the reasons of such decisions are not uncovered.
As for the interesting news, I have something to show here. Ripple is added to Bitcoin store. This fact increases its adoption and gives some support to the currency pair. However, this support is weak as you will see it later on the charts.
Robert Kiyosaki, famous author of “Rich Dad, Poor Dad” makes his own prediction of the crypto market. He thinks that cryptocurrencies and other digital assets may even overtake traditional money. However, he also forecasts market crash.
Bitcoin (BTC/USD) price declines, bulls lose power
Bitcoin loses momentum again. The currency pair has lost nearly two percent in the past 24 hours. However, this is not the biggest problem for BTC/USD. The biggest problem is that the main crypto has true issues attempting to grow as there are no significant volumes to drive the currency pair higher.
As I have previously mentioned, the situation is neutral currently. Bitcoin has almost reached the descending trend line yesterday, but reversed there and declined towards the support area at $6,943 to test it. The currency pair still fluctuates there close to the red descending trend line again. I think BTC/USD is likely to test this trend line today in an attempt to break through and develop its upside progress later.
I think that bulls and bears chances are equal currently and you are to follow the situation with caution before taking any decisions. If BTC price stays below the red descending trend line, sellers will likely push it further downside targeting the next support area at $6,701. However, once the descending line is breached, we have chances to go higher. I have set targets at $7,341.
Ethereum (ETH/USD) bears retake control
The current situation looks really strange to me as there is nothing to support bears. Nor bad news nothing events that may push Ethereum down. However, we see that ETH price is still unable to break this vicious circle. ETH price stays below the red descending trend line meaning we have equal chances for both sides.
Ethereum failed to test the resistance area at $417.29 and failed to reach the red descending trend line on Monday. The currency pair declined towards the support area instead, reaching $404.55. The situation is really neutral as both sides now have equal perspectives.
I think that ETH price is likely to test the red descending trend line today. In case if bulls fail, sellers will be able to push it lower and retest the support area at $404.55. Once breached, this level opens for Ethereum the path towards the nest support at $392.32.
However, I think that the currency pair will successfully test the red descending trend line and move above it targeting $431.42 at least.
Ripple (XRP/USD) breaks its neutrality
Ripple declined in the past 24 hours for more than five percent as the currency pair breaks its neutrality and follow the other cryptos in their downtrends. Bears have taken control over the market and push the currency pair lower.
I can see currently the downtrend but I think it won’t last for long. The closest support area lies at $0.3934. There Ripple is going to make a stop in order to start a correction at least. I have set my targets at $0.4495. I think that XRP price is going to move there after it reaches the support at $0.3934.
However, I think that the changes for bulls and bears are equal currently. XRP price already established new local lows and bears have great chances to make new achievements. Bulls can also benefit from the situation when bears are exhausted.
Take a look at EOS (EOS/USD) Price Analysis, August 7
Bitcoin and altcoins bulls are exhausted again, bears take control
Hello, this is Andrew Strogoff again and today we are going to look through several cryptos in order to see their perspectives. The current situation is neutral as there are no tendencies in the moment of writing. Bears have counterattacked yesterday and most of the cryptos declined.
There are no important events to affect the market still. I think that this is something related to psychology. Investors and traders try to get rid of cryptocurrencies currently but the reasons of such decisions are not uncovered.
As for the interesting news, I have something to show here. Ripple is added to Bitcoin store. This fact increases its adoption and gives some support to the currency pair. However, this support is weak as you will see it later on the charts.
Robert Kiyosaki, famous author of “Rich Dad, Poor Dad” makes his own prediction of the crypto market. He thinks that cryptocurrencies and other digital assets may even overtake traditional money. However, he also forecasts market crash.
Bitcoin (BTC/USD) price declines, bulls lose power
Bitcoin loses momentum again. The currency pair has lost nearly two percent in the past 24 hours. However, this is not the biggest problem for BTC/USD. The biggest problem is that the main crypto has true issues attempting to grow as there are no significant volumes to drive the currency pair higher.
As I have previously mentioned, the situation is neutral currently. Bitcoin has almost reached the descending trend line yesterday, but reversed there and declined towards the support area at $6,943 to test it. The currency pair still fluctuates there close to the red descending trend line again. I think BTC/USD is likely to test this trend line today in an attempt to break through and develop its upside progress later.
I think that bulls and bears chances are equal currently and you are to follow the situation with caution before taking any decisions. If BTC price stays below the red descending trend line, sellers will likely push it further downside targeting the next support area at $6,701. However, once the descending line is breached, we have chances to go higher. I have set targets at $7,341.
Ethereum (ETH/USD) bears retake control
The current situation looks really strange to me as there is nothing to support bears. Nor bad news nothing events that may push Ethereum down. However, we see that ETH price is still unable to break this vicious circle. ETH price stays below the red descending trend line meaning we have equal chances for both sides.
Ethereum failed to test the resistance area at $417.29 and failed to reach the red descending trend line on Monday. The currency pair declined towards the support area instead, reaching $404.55. The situation is really neutral as both sides now have equal perspectives.
I think that ETH price is likely to test the red descending trend line today. In case if bulls fail, sellers will be able to push it lower and retest the support area at $404.55. Once breached, this level opens for Ethereum the path towards the nest support at $392.32.
However, I think that the currency pair will successfully test the red descending trend line and move above it targeting $431.42 at least.
Ripple (XRP/USD) breaks its neutrality
Ripple declined in the past 24 hours for more than five percent as the currency pair breaks its neutrality and follow the other cryptos in their downtrends. Bears have taken control over the market and push the currency pair lower.
I can see currently the downtrend but I think it won’t last for long. The closest support area lies at $0.3934. There Ripple is going to make a stop in order to start a correction at least. I have set my targets at $0.4495. I think that XRP price is going to move there after it reaches the support at $0.3934.
However, I think that the changes for bulls and bears are equal currently. XRP price already established new local lows and bears have great chances to make new achievements. Bulls can also benefit from the situation when bears are exhausted.
Take a look at EOS (EOS/USD) Price Analysis, August 7
Everyone would like to see nice bull run and make fortune (me too), but please, get rid of your feelings. There will be a big surprise awaits all of us this year. The fullest recovery of bitcoin and altcoins is on its way and all we need to do is just hang on tight. This is a hard time for cryptocurrencies since 2017 entered but this surely won’t continue until the end of the year. There is big chances of a decent profit for the ones who keep holding despite the current market.
Bitcoin, Ethereum, Ripple, EOS, NEM Slightly Gain, Bears Seems to Lose Control: Price Analysis, August 6
Bitcoin and altcoins develop upside corrections, bears lose control over the market
Hello, this is Andrew Strogoff again and we are going to dive into Bitcoin and altcoins price analysis again. Looking through charts and events I am wondering what the hell is going on with the crypto market.
I have carefully studied everything that has happened in the past week and found nothing that could help me to understand the reason for such a significant decline. The price seems to live its own life separately from fundamental analysis.
There is nothing important that could affect the quotes and lead to such a huge downtrend. I personally think that this decline is due to the lack of interest from investors. It is summer time and most of them have fixed their positions in order to spend some money on holidays.
As for news, I have some interesting events to give you. The first one comes from the US. North Carolina has prohibited to donate in cryptos for political purposes meaning the candidates are not allowed to take contributions in Bitcoin, e.g.
Bitcoin and altcoins cannot be considered as money according to the Dutch central bank. This is a strange decision. However, there are no plans to ban cryptocurrencies neither to restrict their implementation.
Bitcoin (BTC/USD) develops its downtrend, bulls hope for correction
Bitcoin has added more than one percent in the past 24 hours. However, the currency pair has lost nearly 13 percent in the past seven days meaning we are still within the downtrend stage. BTC/USD had a significant decline during the past week and now this downtrend is stopped due to some technical reasons.
Bitcoin is trading below the red descending trend line meaning we are still in a downtrend. However, the currency pair has reached the support area at $6,943 and stopped there. Bears seem to be tired and need some rest while bulls are full of power and they are ready to counterattack.
BTC price is close to the resistance area at $7,181 currently and I think BTC/USD is going to test this level in the nearest future. My main scenario for the next 24 hours is bullish as I think buyers are able to develop this upside correction at least.
I have set the targets higher at the resistance area at $7,565. To reach those targets, Bitcoin will have to pass a couple of resistance areas. However, if bears come into play again, they will be able to push Bitcoin even lower, below the current support at $6,943.
Ethereum (ETH/USD) downtrend is over
Ethereum has added more than one percent in the past 24 hours meaning the downtrend is paused at least. However, the currency pair has lost over 11 percent within the last week and established a strong downside tendency.
I can see some signs of reverse on the four-hour chart currently. The first one comes from graphic analysis. We have a double bottom pattern as the price has tested the support area at $404.55 twice and failed to break through.
We are below the descending red trend line currently, but Ethereum tries to fill the gap between its current position and this trend line. ETH/USD is close to the next resistance area at $417.28 and I think the currency pair is able to reach it in the nearest future.
I have set my target at $453.24. I think that Ethereum is able to reach this area in the next couple of days. Bears are exhausted and bulls seem to take control. However, if buyers are unable to pass this red trend line or the closest resistance area, they will be discarded to the support area by sellers.
Ripple (XRP/USD) flats: no gains, no losses
Ripple is one of the most resistible cryptocurrency from the top 20 as its losses for the past seven days are less than five percent. The currency pair has no tendency currently as it stays within the range. XRP/USD looks promising currently and I think it is going to reach my targets in the nearest future.
The currency pair has reached the support area at $0.4232 last week but failed to go lower. We have a clear flat situation and I can see that Bollinger Bands indicators have no direction currently. XRP price is close to its red middle curve and is ready to test it. If bulls succeed, they will be able to go further targeting the closest resistance area at $0.4495.
I have set my targets even higher as I think that XRP/USD is going to develop the uptrend in the nearest future, aiming $0.4744 this week. However, bears may counterattack at $0.4495 and retake control.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 6
Bitcoin and altcoins develop upside corrections, bears lose control over the market
Hello, this is Andrew Strogoff again and we are going to dive into Bitcoin and altcoins price analysis again. Looking through charts and events I am wondering what the hell is going on with the crypto market.
I have carefully studied everything that has happened in the past week and found nothing that could help me to understand the reason for such a significant decline. The price seems to live its own life separately from fundamental analysis.
There is nothing important that could affect the quotes and lead to such a huge downtrend. I personally think that this decline is due to the lack of interest from investors. It is summer time and most of them have fixed their positions in order to spend some money on holidays.
As for news, I have some interesting events to give you. The first one comes from the US. North Carolina has prohibited to donate in cryptos for political purposes meaning the candidates are not allowed to take contributions in Bitcoin, e.g.
Bitcoin and altcoins cannot be considered as money according to the Dutch central bank. This is a strange decision. However, there are no plans to ban cryptocurrencies neither to restrict their implementation.
Bitcoin (BTC/USD) develops its downtrend, bulls hope for correction
Bitcoin has added more than one percent in the past 24 hours. However, the currency pair has lost nearly 13 percent in the past seven days meaning we are still within the downtrend stage. BTC/USD had a significant decline during the past week and now this downtrend is stopped due to some technical reasons.
Bitcoin is trading below the red descending trend line meaning we are still in a downtrend. However, the currency pair has reached the support area at $6,943 and stopped there. Bears seem to be tired and need some rest while bulls are full of power and they are ready to counterattack.
BTC price is close to the resistance area at $7,181 currently and I think BTC/USD is going to test this level in the nearest future. My main scenario for the next 24 hours is bullish as I think buyers are able to develop this upside correction at least.
I have set the targets higher at the resistance area at $7,565. To reach those targets, Bitcoin will have to pass a couple of resistance areas. However, if bears come into play again, they will be able to push Bitcoin even lower, below the current support at $6,943.
Ethereum (ETH/USD) downtrend is over
Ethereum has added more than one percent in the past 24 hours meaning the downtrend is paused at least. However, the currency pair has lost over 11 percent within the last week and established a strong downside tendency.
I can see some signs of reverse on the four-hour chart currently. The first one comes from graphic analysis. We have a double bottom pattern as the price has tested the support area at $404.55 twice and failed to break through.
We are below the descending red trend line currently, but Ethereum tries to fill the gap between its current position and this trend line. ETH/USD is close to the next resistance area at $417.28 and I think the currency pair is able to reach it in the nearest future.
I have set my target at $453.24. I think that Ethereum is able to reach this area in the next couple of days. Bears are exhausted and bulls seem to take control. However, if buyers are unable to pass this red trend line or the closest resistance area, they will be discarded to the support area by sellers.
Ripple (XRP/USD) flats: no gains, no losses
Ripple is one of the most resistible cryptocurrency from the top 20 as its losses for the past seven days are less than five percent. The currency pair has no tendency currently as it stays within the range. XRP/USD looks promising currently and I think it is going to reach my targets in the nearest future.
The currency pair has reached the support area at $0.4232 last week but failed to go lower. We have a clear flat situation and I can see that Bollinger Bands indicators have no direction currently. XRP price is close to its red middle curve and is ready to test it. If bulls succeed, they will be able to go further targeting the closest resistance area at $0.4495.
I have set my targets even higher as I think that XRP/USD is going to develop the uptrend in the nearest future, aiming $0.4744 this week. However, bears may counterattack at $0.4495 and retake control.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 6
Bitcoin Ready to Resume Uptrend, Ethereum, Ripple, EOS, NEM Grow Slightly: Price Analysis, August 2
Bitcoin and altcoins consolidate and are ready to resume their uptrends
Hello everybody. This is Andrew Strogoff and we are starting off again. The crypto market finally tries to reverse its tendency from negative to positive. All the major cryptos (or almost all of them) attempt to change the situation. Those attempts are “shy” but they mean cryptocurrencies are ready to resume their uptrends.
As for the news, I have some interesting ones for you. The first one comes from Morgan Stanley, famous US bank, which hires former Credit Suisse banker to run digital assets department. This news is a good signal for the cryptocurrency market as it shows the growing adoption of coins and tokens.
The latest survey shows that cryptocurrencies become more and more popular. You can book a hotel or pay for a video game, for example, using coins. Latest reports show that one-third of employees are ready to receive salary in cryptocurrencies.
Bitcoin (BTC/USD) ready to fly?
You might know that I’ve been bullish the whole July. I believe that the cryptos are going to grow in the nearest future to establish new highs. And if we look at Bitcoin’s chart, we can see that it is looking promising currently as BTC price slightly goes upwards, meaning the beginning of the correction.
Bitcoin has tested the support area at $7,565 on Wednesday and retreated from there. BTC price went towards the next resistance area at $7,734 later and almost reached my Wednesday’s targets. I could say that everything is going according to my plans, but there is one thing that makes me a bit nervous.
I see the bearish flag on the four-hour BTC/USD chart. If this pattern is vital, BTC price is likely to develop its decline towards the next support area at $7,341 at least.
As for my targets, I set them at the resistance area at $7,949. I believe BTC price is going to reach them (in the case of the bullish scenario) within a couple of days.
Ethereum (ETH/USD), no significant changes
Ethereum stays close to the support area at $417.28 and there were no significant fluctuations on Tuesday. Ripple has made positive changes for nearly one percent in the past 24 hours. However, I think that it looks very promising currently. Why?
The main reasons for my bullish expectations are the fact that Ethereum has reached its lows and has met the strong support at $417.28. I think that ETH/USD is likely to start a correction from there. Moreover, I expect the currency pair to start the uptrend from those levels targeting the resistance at $453.24 at least.
Ripple (XRP/USD), an attempt to start the uptrend
Ripple has made almost three percent in the past 24 hours. The currency pair seems to end its bearish tendency as we had clear growth yesterday. My plans for Ripple are still actual and I have some confirmation of further growth.
Ripple has tested the support area at $0.4232 and went upwards later. The currency pair reached the resistance area at $0.4495 but failed to jump over it. XRP/USD started its local correction to that upside momentum later. As I have previously written, I have a confirmation signal there meaning I see a bullish flag on the four-hour chart. My target for the next couple of days is set at the resistance area at $0.4744.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 2
Bitcoin and altcoins consolidate and are ready to resume their uptrends
Hello everybody. This is Andrew Strogoff and we are starting off again. The crypto market finally tries to reverse its tendency from negative to positive. All the major cryptos (or almost all of them) attempt to change the situation. Those attempts are “shy” but they mean cryptocurrencies are ready to resume their uptrends.
As for the news, I have some interesting ones for you. The first one comes from Morgan Stanley, famous US bank, which hires former Credit Suisse banker to run digital assets department. This news is a good signal for the cryptocurrency market as it shows the growing adoption of coins and tokens.
The latest survey shows that cryptocurrencies become more and more popular. You can book a hotel or pay for a video game, for example, using coins. Latest reports show that one-third of employees are ready to receive salary in cryptocurrencies.
Bitcoin (BTC/USD) ready to fly?
You might know that I’ve been bullish the whole July. I believe that the cryptos are going to grow in the nearest future to establish new highs. And if we look at Bitcoin’s chart, we can see that it is looking promising currently as BTC price slightly goes upwards, meaning the beginning of the correction.
Bitcoin has tested the support area at $7,565 on Wednesday and retreated from there. BTC price went towards the next resistance area at $7,734 later and almost reached my Wednesday’s targets. I could say that everything is going according to my plans, but there is one thing that makes me a bit nervous.
I see the bearish flag on the four-hour BTC/USD chart. If this pattern is vital, BTC price is likely to develop its decline towards the next support area at $7,341 at least.
As for my targets, I set them at the resistance area at $7,949. I believe BTC price is going to reach them (in the case of the bullish scenario) within a couple of days.
Ethereum (ETH/USD), no significant changes
Ethereum stays close to the support area at $417.28 and there were no significant fluctuations on Tuesday. Ripple has made positive changes for nearly one percent in the past 24 hours. However, I think that it looks very promising currently. Why?
The main reasons for my bullish expectations are the fact that Ethereum has reached its lows and has met the strong support at $417.28. I think that ETH/USD is likely to start a correction from there. Moreover, I expect the currency pair to start the uptrend from those levels targeting the resistance at $453.24 at least.
Ripple (XRP/USD), an attempt to start the uptrend
Ripple has made almost three percent in the past 24 hours. The currency pair seems to end its bearish tendency as we had clear growth yesterday. My plans for Ripple are still actual and I have some confirmation of further growth.
Ripple has tested the support area at $0.4232 and went upwards later. The currency pair reached the resistance area at $0.4495 but failed to jump over it. XRP/USD started its local correction to that upside momentum later. As I have previously written, I have a confirmation signal there meaning I see a bullish flag on the four-hour chart. My target for the next couple of days is set at the resistance area at $0.4744.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 2
Bitcoin, Ethereum, Ripple, EOS, NEM Suffer Losses, Uptrend Delayed: Price analysis, August 1
Bitcoin and altcoins fall as bulls lose power
Hello, dear readers. This is Andrew Strogoff again and I have some bad news for buyers! Bears have breached bulls’ lines and pushed the market lower. I am far from thinking that the downtrend will last for long but currently it has some room to develop.
As for the news, I have found nothing bad, that may affect the market negatively. This means that the decline may be the result of technical correction. However, I have some interesting releases for you to read.
The first news comes from the Block.one EOS team. They have released their Demux software allowing databases to receive direct updates from the main network. The main idea of this software is to make it easier to create decentralized applications.
Another great news comes from the US. Madonna, famous pop star starts a new fundraising campaign that involves Ripple. Her aim is to help Malawian orphans.
Bitcoin (BTC/USD) looking for support
The situation has changed significantly on Tuesday as BTC/USD declined. The currency pair has lost more than six percent in the past 24 hours. Now buyers are trying to give support to Bitcoin, but bears are too strong and it is not easy to do it.
Bitcoin has broken through several support areas on Tuesday including $7,949, $7,734 and $7,565. BTC/USD fluctuates below $7,565 currently. The currency pair stays below $8,000 which is not good for buyers as they were unable to develop their success or to hold positions.
Anyway, I think that bears still have some power to push the currency pair lower. I believe Bitcoin will fall towards $7,341 before starting its correction towards my target. By the way, I have re-established my target lower. Now it is at $7,734.
Ethereum (ETH/USD) bears push it lower
Ethereum has lost more than seven percent in the past 24 hours. The news is bad as bulls now face hard times. The good news is that this downtrend has no fundamental reason, meaning it won’t last long. I think that we will have an upside correction in the nearest future at least.
Ethereum has broken through several support areas including $453.24 and $431.42. It fluctuates close to the next support area at $417.28. ETH/USD is close to its monthly lows and I think that currency pair has almost no room for further developing of the downtrend.
My trading idea for today is the following– the currency pair is likely to start growing targeting the resistance area at $453.24.
Ripple (XRP/USD) suffered losses, correction on the way
Ripple suffered losses on Tuesday but they were non-significant. The currency pair has lost less than three percent. XRP/USD is close to the monthly lows meaning we are close to the correction.
Ripple is close to the support area at $0.4232. The currency pair has almost reached monthly lows and I think that bulls are likely to counterattack in the nearest future. I have changed my targets and laced them closer to the current price. I believe that the cryptos will reach higher targets but I’m a realist and we have to get closer targets first.
I hope the currency pair will reach $0.4744 in the nearest future. This is my closest target for the next couple of days. As for bearish pressure, I don’t think that sellers have power to push Ripple below monthly lows.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 1
Bitcoin and altcoins fall as bulls lose power
Hello, dear readers. This is Andrew Strogoff again and I have some bad news for buyers! Bears have breached bulls’ lines and pushed the market lower. I am far from thinking that the downtrend will last for long but currently it has some room to develop.
As for the news, I have found nothing bad, that may affect the market negatively. This means that the decline may be the result of technical correction. However, I have some interesting releases for you to read.
The first news comes from the Block.one EOS team. They have released their Demux software allowing databases to receive direct updates from the main network. The main idea of this software is to make it easier to create decentralized applications.
Another great news comes from the US. Madonna, famous pop star starts a new fundraising campaign that involves Ripple. Her aim is to help Malawian orphans.
Bitcoin (BTC/USD) looking for support
The situation has changed significantly on Tuesday as BTC/USD declined. The currency pair has lost more than six percent in the past 24 hours. Now buyers are trying to give support to Bitcoin, but bears are too strong and it is not easy to do it.
Bitcoin has broken through several support areas on Tuesday including $7,949, $7,734 and $7,565. BTC/USD fluctuates below $7,565 currently. The currency pair stays below $8,000 which is not good for buyers as they were unable to develop their success or to hold positions.
Anyway, I think that bears still have some power to push the currency pair lower. I believe Bitcoin will fall towards $7,341 before starting its correction towards my target. By the way, I have re-established my target lower. Now it is at $7,734.
Ethereum (ETH/USD) bears push it lower
Ethereum has lost more than seven percent in the past 24 hours. The news is bad as bulls now face hard times. The good news is that this downtrend has no fundamental reason, meaning it won’t last long. I think that we will have an upside correction in the nearest future at least.
Ethereum has broken through several support areas including $453.24 and $431.42. It fluctuates close to the next support area at $417.28. ETH/USD is close to its monthly lows and I think that currency pair has almost no room for further developing of the downtrend.
My trading idea for today is the following– the currency pair is likely to start growing targeting the resistance area at $453.24.
Ripple (XRP/USD) suffered losses, correction on the way
Ripple suffered losses on Tuesday but they were non-significant. The currency pair has lost less than three percent. XRP/USD is close to the monthly lows meaning we are close to the correction.
Ripple is close to the support area at $0.4232. The currency pair has almost reached monthly lows and I think that bulls are likely to counterattack in the nearest future. I have changed my targets and laced them closer to the current price. I believe that the cryptos will reach higher targets but I’m a realist and we have to get closer targets first.
I hope the currency pair will reach $0.4744 in the nearest future. This is my closest target for the next couple of days. As for bearish pressure, I don’t think that sellers have power to push Ripple below monthly lows.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 1
Totally agree with your EOS prediction...
If daily candle closes above 0.00094 it will be a good reversal sign!
If daily candle closes above 0.00094 it will be a good reversal sign!
Bitcoin Flat, Ethereum, Ripple, EOS Suffer Losses: Price Analysis, July 31
Bitcoin is flat, altcoins fall, but the situation still remains bullish
Hello, dear readers. This is Andrew Strogoff. Bitcoin and altcoins still fail to reach my targets. BTC/USD remains in flat while the altcoins suffer some losses. As you may understand, there are no important events currently that allows the crypto industry to make no steps.
As for the news, I have some interesting releases for you. They are not influencers, but I think you may be interested in these events. Social media stars use cryptocurrencies. Are you surprised? So was I when I read about Kim Kardashian’s first Bitcoin experience. To tell you the truth, she was not using a digital wallet or something like that. Kardashian played poker and had two physical coins on the table. However, I think that even such an appearance is a good promo for the most popular cryptocurrency.
Bitcoin price (BTC/USD) makes no gain
Bitcoin has lost almost nothing in the past 24 hours making no gains as well. The result is -0.67 percent, which indicates on a tight range. The currency pair has broken through the ascending trend line meaning the uptrend is paused currently.
I think that BTC/USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.
I’m still bullish on BTC/USD, but I think it is time to be patient and wait for opportunities. Bitcoin, by the way, looks far better than its altcoin competitors.
Ethereum (ETH/USD) prepare for uptrend
Ethereum still has troubles to resume the uptrend. The currency pair has lost nearly three percent in the past 24 hours meaning the upside tendency is delayed. The currency pair looks neutral at the moment. It is testing the support area close to the local lows.
Well, I personally think that the situation here is far from being tragic. Ethereum is close to its lows, but those lows make a serious support for the currency pair and some extraordinary events are needed to allow ETH/USD to break it through.
I still have the same targets for Ethereum at $500.36. I’m even persuaded that ETH/USD has even better perspectives in future. However, now it is time to wait as Ethereum is flatting within the range, limited by the support area at $453.24 and the resistance $473.39.
Ripple (XRP/USD) close to its local lows, price analysis, July 31
Ripple has lost more than three percent in the past 24 hours. The currency pair is neutral and is close to its local lows. This is the moment of truth for the Ripple as this support is supposed to be very strong. However, if bears break it through, they will be able to push XRP/USD lower.
I still believe in Ripple, as I believe in other cryptos and mostly in Bitcoin. I think that they look promising, but time is needed. Ripple is close to its local lows as I have already mentioned and the currency pair is likely to jump off this area. I don’t think that bears will be able to jump over those lows.
My targets are still above. I think that Ripple is able to reach $0.5088 level in the nearest future. Not on Tuesday, that’s for sure, but for this week, I think it is a reachable target.
Take a look at EOS (EOS/USD) Price Analysis, July 31
Bitcoin is flat, altcoins fall, but the situation still remains bullish
Hello, dear readers. This is Andrew Strogoff. Bitcoin and altcoins still fail to reach my targets. BTC/USD remains in flat while the altcoins suffer some losses. As you may understand, there are no important events currently that allows the crypto industry to make no steps.
As for the news, I have some interesting releases for you. They are not influencers, but I think you may be interested in these events. Social media stars use cryptocurrencies. Are you surprised? So was I when I read about Kim Kardashian’s first Bitcoin experience. To tell you the truth, she was not using a digital wallet or something like that. Kardashian played poker and had two physical coins on the table. However, I think that even such an appearance is a good promo for the most popular cryptocurrency.
Bitcoin price (BTC/USD) makes no gain
Bitcoin has lost almost nothing in the past 24 hours making no gains as well. The result is -0.67 percent, which indicates on a tight range. The currency pair has broken through the ascending trend line meaning the uptrend is paused currently.
I think that BTC/USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.
I’m still bullish on BTC/USD, but I think it is time to be patient and wait for opportunities. Bitcoin, by the way, looks far better than its altcoin competitors.
Ethereum (ETH/USD) prepare for uptrend
Ethereum still has troubles to resume the uptrend. The currency pair has lost nearly three percent in the past 24 hours meaning the upside tendency is delayed. The currency pair looks neutral at the moment. It is testing the support area close to the local lows.
Well, I personally think that the situation here is far from being tragic. Ethereum is close to its lows, but those lows make a serious support for the currency pair and some extraordinary events are needed to allow ETH/USD to break it through.
I still have the same targets for Ethereum at $500.36. I’m even persuaded that ETH/USD has even better perspectives in future. However, now it is time to wait as Ethereum is flatting within the range, limited by the support area at $453.24 and the resistance $473.39.
Ripple (XRP/USD) close to its local lows, price analysis, July 31
Ripple has lost more than three percent in the past 24 hours. The currency pair is neutral and is close to its local lows. This is the moment of truth for the Ripple as this support is supposed to be very strong. However, if bears break it through, they will be able to push XRP/USD lower.
I still believe in Ripple, as I believe in other cryptos and mostly in Bitcoin. I think that they look promising, but time is needed. Ripple is close to its local lows as I have already mentioned and the currency pair is likely to jump off this area. I don’t think that bears will be able to jump over those lows.
My targets are still above. I think that Ripple is able to reach $0.5088 level in the nearest future. Not on Tuesday, that’s for sure, but for this week, I think it is a reachable target.
Take a look at EOS (EOS/USD) Price Analysis, July 31
Bitcoin, Ethereum, Ripple, EOS, NEM Flat, But Pairs Preparing to Reach Targets: Price Analysis, July 30
Bitcoin and altcoins are flat, no direction is clearly seen
Hello, this is Andrew Strogoff again and today we are going to look at what is happening on the crypto market. This weekend that has ended already, had no interesting events at all. Fluctuations were weak, had no clear direction.
My targets still remain the same as the price is still far from them, but it doesn’t mean they won’t be reached. Moreover, I expect the currency pairs to be there this week. Anyway, I hope for significant fluctuations in the next couple of days.
As for news, the fundamental background is calm. There is nothing important to shake the markets. However, some events and news may be interesting for you. The Poloniex exchange risks its reputation and business at all as the famous trading place neglects users complaints. Many clients say that this exchange freezes their accounts. The US regulatory authority steps in.
US lawmakers see the importance of cryptocurrency regulating and are one step closer to realize their plans. The US is one of the countries that adopt Blockchains and cryptocurrencies but want this market to be strictly regulated to avoid frauds.
Bitcoin (BTC/USD) low volatility
Bitcoin had no clear direction during the weekend and fluctuated along the ascending trend line. We have still the uptrend as BTC price is above this trend line. I think that bulls are going to take control in the nearest future.
Let’s get a closer look at the four-hour chart. BTC price has several times tested the resistance area at $8,193 but still remains below this level. However, I think that buyers will break through it in the nearest future. Currently, I expect BTC/USD to reach my target which is at $8,824 resistance area.
Before this happens, Bitcoin will have to break through the $8,560 resistance area. This may happen anytime once volatility rises and bulls take control of the market.
However, this flat may last longer if the ascending trend line will be broken. BTC price is likely to move towards the support area at $7,949 in this case.
Ethereum (ETH/USD) prepares for the uptrend
Ethereum develops its consolidation as there is no clear tendency currently. The currency pair decreases volatility on falling volumes, but this may be a sign of future significant fluctuations and huge trend. I still think that bulls will take control over Ethereum and drive it to my targets at least.
Ethereum stays within the range, limited by the resistance area at $473.39 and the support at $453.24. The currency pair had no significant fluctuations during the weekend. It forms a kind of a triangle currently. I still expect ETH/USD to resume the uptrend and to reach my targets which is at $500.36. I personally think that bulls have such an opportunity to regain control.
While the market is floating between the two levels, you can also try to open long trades at the support area selling the currency pair when it is close to the resistance.
Ripple (XRP/USD) preparing for a boost
Ripple has made almost no gains and no losses in the past 24 hours. Fluctuations during the weekend were flat, no tendency is currently seen. However, I think that the uptrend is on the way. Bulls just need some more fuel to resume it.
Ripple stays below the resistance area at $0.4744. It is testing the support area at $0.4495 in the moment of writing. The currency pair is likely to jump off this level and to resume the uptrend in the nearest future, I think.
I expect XRP/USD to reach my targets this week. The currency pair is likely to touch the resistance area at $0.5088 according to my trading idea. However, Ripple will need to break through the closest resistance at $0.4744 first.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 30
Bitcoin and altcoins are flat, no direction is clearly seen
Hello, this is Andrew Strogoff again and today we are going to look at what is happening on the crypto market. This weekend that has ended already, had no interesting events at all. Fluctuations were weak, had no clear direction.
My targets still remain the same as the price is still far from them, but it doesn’t mean they won’t be reached. Moreover, I expect the currency pairs to be there this week. Anyway, I hope for significant fluctuations in the next couple of days.
As for news, the fundamental background is calm. There is nothing important to shake the markets. However, some events and news may be interesting for you. The Poloniex exchange risks its reputation and business at all as the famous trading place neglects users complaints. Many clients say that this exchange freezes their accounts. The US regulatory authority steps in.
US lawmakers see the importance of cryptocurrency regulating and are one step closer to realize their plans. The US is one of the countries that adopt Blockchains and cryptocurrencies but want this market to be strictly regulated to avoid frauds.
Bitcoin (BTC/USD) low volatility
Bitcoin had no clear direction during the weekend and fluctuated along the ascending trend line. We have still the uptrend as BTC price is above this trend line. I think that bulls are going to take control in the nearest future.
Let’s get a closer look at the four-hour chart. BTC price has several times tested the resistance area at $8,193 but still remains below this level. However, I think that buyers will break through it in the nearest future. Currently, I expect BTC/USD to reach my target which is at $8,824 resistance area.
Before this happens, Bitcoin will have to break through the $8,560 resistance area. This may happen anytime once volatility rises and bulls take control of the market.
However, this flat may last longer if the ascending trend line will be broken. BTC price is likely to move towards the support area at $7,949 in this case.
Ethereum (ETH/USD) prepares for the uptrend
Ethereum develops its consolidation as there is no clear tendency currently. The currency pair decreases volatility on falling volumes, but this may be a sign of future significant fluctuations and huge trend. I still think that bulls will take control over Ethereum and drive it to my targets at least.
Ethereum stays within the range, limited by the resistance area at $473.39 and the support at $453.24. The currency pair had no significant fluctuations during the weekend. It forms a kind of a triangle currently. I still expect ETH/USD to resume the uptrend and to reach my targets which is at $500.36. I personally think that bulls have such an opportunity to regain control.
While the market is floating between the two levels, you can also try to open long trades at the support area selling the currency pair when it is close to the resistance.
Ripple (XRP/USD) preparing for a boost
Ripple has made almost no gains and no losses in the past 24 hours. Fluctuations during the weekend were flat, no tendency is currently seen. However, I think that the uptrend is on the way. Bulls just need some more fuel to resume it.
Ripple stays below the resistance area at $0.4744. It is testing the support area at $0.4495 in the moment of writing. The currency pair is likely to jump off this level and to resume the uptrend in the nearest future, I think.
I expect XRP/USD to reach my targets this week. The currency pair is likely to touch the resistance area at $0.5088 according to my trading idea. However, Ripple will need to break through the closest resistance at $0.4744 first.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 30
What about a Btc/usd sideways action in the range 7900-8500 for about 1 week? It should form a flag with target about 9700/9800 and altcoins should Start pumping during this sideway move
Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26
Bitcoin and altcoins corrected on Wednesday, ready for another upside burst
Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.
What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.
Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.
Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26
Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.
Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.
My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.
I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.
Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26
Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.
Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.
What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.
Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26
Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.
We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.
However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 26
Bitcoin and altcoins corrected on Wednesday, ready for another upside burst
Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.
What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.
Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.
Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26
Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.
Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.
My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.
I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.
Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26
Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.
Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.
What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.
Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26
Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.
We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.
However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 26
Bitcoin, Ethereum, Ripple, EOS, NEM Have New Targets On The Way Up, Price Analysis, July 25
Bitcoin and altcoins resume their upside tendencies, new tops on the way
Hello, my dear readers and subscribers! This is Andrew Strogoff again and we are going to make another interesting trip to the world of cryptos. The whole board of the top 20 is on its bullish run and my targets are very close to the current prices.
The crypto industry has positive moods in the moment of writing and I think traders and investors will preserve it for a while at least. I suppose that investors are sick and tired of plating the second role and now they have control over the market.
As for the news, I have some interesting data for you. First, I would like to introduce the opinion of Brian Kelly, famous CEO of BKCM. He thinks that Bitcoin is far from its midterm tops and is going to develop this upside tendency in the nearest future.
Another interesting news comes from McAfee. This famous ICO promoter decided to launch his own MacAfeeMarketCap.com website, which is going to compete with another famous website in this industry.
Bitcoin (BTC/USD) carries the whole crypto market upwards, price analysis, July 25
Let me start with Bitcoin. BTC/USD has added almost six percent in the past 24 hours and I am far from thinking that this cryptocurrency is going to sing Jim Morrison’s famous “The End.” However, I think that BTC/USD needs to visit a gas station before developing its uptrend.
The currency pair has reached my targets on Tuesday and went even higher as BTC/USD reached $8,000 and overcame this level. Bitcoin is currently above $8,300. The currency pair failed to reach $8,560 resistance area.
I think that BTC/USD is going to start a downside correction currently to reach the support area at $8,193 first before going higher. My targets are set at $8,824. However, Bitcoin may be even more active in the next 24 hours and hit higher aims.
Ethereum (ETH/USD) still on the way to my targets, price analysis, July 25
Ethereum makes new gains and ETH price is going towards my targets finally. The correction was a bit deeper but I have indicated on the hammer bullish pattern yesterday and those who bought after it, could have profits as well.
Anyway, this downside correction is done finally and Ethereum is close to $500 again. The currency pair has broken through the resistance area at $473.39 on Tuesday. I have not changed my targets as ETH price still heads towards $500.36. I think that this aim is going to be reached on Wednesday-Thursday.
Are there other scenarios? I’m far from thinking that Ethereum is going to decline and start a downtrend. However, the price may correct towards the closest support area at $473.39 before reaching my target.
Ripple (XRP/USD) the rocket flies to my targets, July 25
Ripple is another gainer of Wednesday as the currency pair added almost four percent in the past 24 hours. As you may see, XRP/USD goes straight to my target and I think it is going to reach it in the next 24-48 hours. The uptrend is confirmed as the downside correction has ended already.
Ripple has reached its lows on Monday-Tuesday but then the currency pair went upwards and is currently trading above the support area at $0.4495. I think that XRP/USD has enough fuel to develop this upside progress and to reach the closest resistance area at $0.4744 at least on Wednesday.
My targets are even higher as I think Ripple will touch the resistance area at $0.5088 in the nearest future. The downside corrections are also possible, but I am far from thinking that they are going to be deep.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 25
Bitcoin and altcoins resume their upside tendencies, new tops on the way
Hello, my dear readers and subscribers! This is Andrew Strogoff again and we are going to make another interesting trip to the world of cryptos. The whole board of the top 20 is on its bullish run and my targets are very close to the current prices.
The crypto industry has positive moods in the moment of writing and I think traders and investors will preserve it for a while at least. I suppose that investors are sick and tired of plating the second role and now they have control over the market.
As for the news, I have some interesting data for you. First, I would like to introduce the opinion of Brian Kelly, famous CEO of BKCM. He thinks that Bitcoin is far from its midterm tops and is going to develop this upside tendency in the nearest future.
Another interesting news comes from McAfee. This famous ICO promoter decided to launch his own MacAfeeMarketCap.com website, which is going to compete with another famous website in this industry.
Bitcoin (BTC/USD) carries the whole crypto market upwards, price analysis, July 25
Let me start with Bitcoin. BTC/USD has added almost six percent in the past 24 hours and I am far from thinking that this cryptocurrency is going to sing Jim Morrison’s famous “The End.” However, I think that BTC/USD needs to visit a gas station before developing its uptrend.
The currency pair has reached my targets on Tuesday and went even higher as BTC/USD reached $8,000 and overcame this level. Bitcoin is currently above $8,300. The currency pair failed to reach $8,560 resistance area.
I think that BTC/USD is going to start a downside correction currently to reach the support area at $8,193 first before going higher. My targets are set at $8,824. However, Bitcoin may be even more active in the next 24 hours and hit higher aims.
Ethereum (ETH/USD) still on the way to my targets, price analysis, July 25
Ethereum makes new gains and ETH price is going towards my targets finally. The correction was a bit deeper but I have indicated on the hammer bullish pattern yesterday and those who bought after it, could have profits as well.
Anyway, this downside correction is done finally and Ethereum is close to $500 again. The currency pair has broken through the resistance area at $473.39 on Tuesday. I have not changed my targets as ETH price still heads towards $500.36. I think that this aim is going to be reached on Wednesday-Thursday.
Are there other scenarios? I’m far from thinking that Ethereum is going to decline and start a downtrend. However, the price may correct towards the closest support area at $473.39 before reaching my target.
Ripple (XRP/USD) the rocket flies to my targets, July 25
Ripple is another gainer of Wednesday as the currency pair added almost four percent in the past 24 hours. As you may see, XRP/USD goes straight to my target and I think it is going to reach it in the next 24-48 hours. The uptrend is confirmed as the downside correction has ended already.
Ripple has reached its lows on Monday-Tuesday but then the currency pair went upwards and is currently trading above the support area at $0.4495. I think that XRP/USD has enough fuel to develop this upside progress and to reach the closest resistance area at $0.4744 at least on Wednesday.
My targets are even higher as I think Ripple will touch the resistance area at $0.5088 in the nearest future. The downside corrections are also possible, but I am far from thinking that they are going to be deep.
Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 25
Bitcoin Gains Momentum As Investors Run From Ethereum, Ripple, EOS, NEM, Other Altcoins: Price Analysis, July 24
Bitcoin develops its uptrend as a reserve crypto while other cryptos are in deeper correction
Hello to all my readers. This is Andrew Strogoff again and we are going to take off with our cryptocurrency analysis. Unfortunately, we still have to wait for the targets to be reached. I established them on Friday, but Ethereum, Ripple, EOS and NEM still avoid to meet them.
However, Bitcoin seems to take force. This let me say reserve cryptocurrency goes higher and higher establishing new heights. I think the main reason is the runaway of investors from altcoins into Bitcoin.
As for the news, there are a couple of events I would like to share with you. The first one is the ban of mining that is going to be launched in Xinjiang Uyghur autonomous Chinese province on September. China is known for its banning of crypto-related activities. However, the government states that the Blockchain technology is promising.
The US Chamber of Commerce recommends the SEC to hold ICO’s by the throat meaning some more serious measures are required to regulate this industry.
Bitcoin (BTC/USD) the lonely hero in this cryptocurrency industry, price analysis, July 24
Bitcoin is the only currency pair that develops its uptrend from the top 20 currently. I think that this is due to the runaway from the altcoins as there is a huge money inflow into BTC/USD. I think that the currency pair is likely to develop its uptrend in the nearest future and may take the altcoins aboard.
My targets were reached again, but I think that BTC/USD aims for higher targets currently. The currency pair has tested the resistance area at $7,734 and went higher. It aims at the next resistance area at $7,949, where my green rocket is.
Why do I think Bitcoin looks promising currently? The first reason is that BTC/USD is the lonely gainer. The currency pair benefits from altcoins deeper corrections as investors are running away from other cryptos. Moreover, there are no reasons for the market to fall.
Ethereum (ETH/USD) still needs some more fuel to fly, price analysis, July 24
The currency pair developed its deeper than expected correction on Monday frustrating my expectations. I saw ETH/USD rising after testing the support area at $453.24. However, ETH price went upwards and retreated from the resistance area at $473.39
What are my next thoughts on the currency pair? I think Ethereum is going to resume its uptrend in the nearest future. This kind of range fluctuations between the two levels in coming to the end already. I also think that ETH/USD is likely to reach the next resistance area at $500.36 in the next couple of days.
What do I see currently on the four-hour chart? There is a kind of bullish hammer candlestick pattern, which I suppose is a signal indicating the price may grow in the nearest future. However, the price resides slightly below $453.24 level and needs to go above before developing upside progress.
Ripple (XRP/USD) has a deeper than expected correction, price analysis, July 24
Ripple goes in the opposite side from my targets but I still believe XRP/USD is going to reverse in the nearest future to reach the goals I have set on Friday. The currency pair develops a deeper than expected correction, but I think it is near its end.
As far as you can see, the currency pair is close to its local lows meaning we can see a reverse soon. I am far from thinking that the crypto market is going to develop downtrend as there are no reasons for it. New Chinese bans have almost no impact on price as market participants have an immunity to it already.
As for targets, I still think that the currency pair is going to reach $0.5088 in the nearest future. However, this task is a bit hard currently as Ripple needs to break through several resistance areas, which are on the way to my target.
Take a look at EOS (EOS/USD) Price Analysis, July 24
Bitcoin develops its uptrend as a reserve crypto while other cryptos are in deeper correction
Hello to all my readers. This is Andrew Strogoff again and we are going to take off with our cryptocurrency analysis. Unfortunately, we still have to wait for the targets to be reached. I established them on Friday, but Ethereum, Ripple, EOS and NEM still avoid to meet them.
However, Bitcoin seems to take force. This let me say reserve cryptocurrency goes higher and higher establishing new heights. I think the main reason is the runaway of investors from altcoins into Bitcoin.
As for the news, there are a couple of events I would like to share with you. The first one is the ban of mining that is going to be launched in Xinjiang Uyghur autonomous Chinese province on September. China is known for its banning of crypto-related activities. However, the government states that the Blockchain technology is promising.
The US Chamber of Commerce recommends the SEC to hold ICO’s by the throat meaning some more serious measures are required to regulate this industry.
Bitcoin (BTC/USD) the lonely hero in this cryptocurrency industry, price analysis, July 24
Bitcoin is the only currency pair that develops its uptrend from the top 20 currently. I think that this is due to the runaway from the altcoins as there is a huge money inflow into BTC/USD. I think that the currency pair is likely to develop its uptrend in the nearest future and may take the altcoins aboard.
My targets were reached again, but I think that BTC/USD aims for higher targets currently. The currency pair has tested the resistance area at $7,734 and went higher. It aims at the next resistance area at $7,949, where my green rocket is.
Why do I think Bitcoin looks promising currently? The first reason is that BTC/USD is the lonely gainer. The currency pair benefits from altcoins deeper corrections as investors are running away from other cryptos. Moreover, there are no reasons for the market to fall.
Ethereum (ETH/USD) still needs some more fuel to fly, price analysis, July 24
The currency pair developed its deeper than expected correction on Monday frustrating my expectations. I saw ETH/USD rising after testing the support area at $453.24. However, ETH price went upwards and retreated from the resistance area at $473.39
What are my next thoughts on the currency pair? I think Ethereum is going to resume its uptrend in the nearest future. This kind of range fluctuations between the two levels in coming to the end already. I also think that ETH/USD is likely to reach the next resistance area at $500.36 in the next couple of days.
What do I see currently on the four-hour chart? There is a kind of bullish hammer candlestick pattern, which I suppose is a signal indicating the price may grow in the nearest future. However, the price resides slightly below $453.24 level and needs to go above before developing upside progress.
Ripple (XRP/USD) has a deeper than expected correction, price analysis, July 24
Ripple goes in the opposite side from my targets but I still believe XRP/USD is going to reverse in the nearest future to reach the goals I have set on Friday. The currency pair develops a deeper than expected correction, but I think it is near its end.
As far as you can see, the currency pair is close to its local lows meaning we can see a reverse soon. I am far from thinking that the crypto market is going to develop downtrend as there are no reasons for it. New Chinese bans have almost no impact on price as market participants have an immunity to it already.
As for targets, I still think that the currency pair is going to reach $0.5088 in the nearest future. However, this task is a bit hard currently as Ripple needs to break through several resistance areas, which are on the way to my target.
Take a look at EOS (EOS/USD) Price Analysis, July 24
Here will be the latest price analysis for BTC and altcoins.
We appreciate your opinion.
Daily reviews are also placed on https://cryptocomes.com/pricewise
You can see that after several days of continuous price increases, altcoin prices have started dropping dramatically at the present time, I think that at this point you should leave the altcoin bitcoin to preserve capital and profit. The market is constantly fluctuating and difficult to guess, so in order to reduce the risk of bitcoin prices will cause altcoin prices continue to fall deep you should only take bitcoin at this time. We appreciate your opinion.
Daily reviews are also placed on https://cryptocomes.com/pricewise
Hours after yesterday’s, the market saw a huge 10% spike across the board — with charts mostly flat since then. Bitcoin are pretty much exactly where they were yesterday 16 hours ago, in fact.
Bitcoin, Ethereum, Ripple Correction Over, Bulls Ready for Run: Price Analysis, July 23
Bitcoin and other cryptos seem to be preparing for bull run
Hey everybody. This is Andrew Strogoff and we are going to make a brief review of what is happening with the crypto market today. The whole top 20 is green, but the gains are small. There was a correction as I have expected on Friday, but it was even deeper than predicted. Currently, cryptocurrencies seem to be preparing for a bullish run.
As for the news, there is still nothing to influence prices significantly. However, I want you to pay attention to some interesting facts. You probably know that India has recently banned cryptocurrencies. The local cryptocurrency community has turned to the court in order to solve the issue. Hearings were planned for summer, but they were postponed according to the latest news.
Another interesting event comes from Italy. One of the universities in this country is going to issue degrees on Ethereum Blockchain. This news is important for the community as this is one of the first steps to adopt the technology in this country.
Bitcoin (BTC/USD) ready to develop the uptrend, price analysis, July 23
Bitcoin has small gains on Monday as the currency pair has added around three percent. However, I think that the most interesting is on the way as BTC/USD is close to my targets again. The currency pair has reached them on Friday already but retreated. I think that Bitcoin is ready to develop the uptrend.
Bitcoin has reached the resistance area at $7,734 on Friday, but as I have already mentioned, bulls were unable to develop their progress. BTC price retreated to the support area at $7,341 and then went upwards to $7,565.
I think that the main scenario for today is bullish. My idea is the following: BTC/USD is going to reach the resistance area at $7,734 on Monday and will continue to grow even higher. Bitcoin looks very promising at the moment and bulls seem to gain momentum again.
Ethereum (ETH/USD) same targets different day, price analysis, July 23
Ethereum makes small gains on Monday but I think that the show is just beginning. There was a correction during the weekend according to my expectations, but it was even a bit deeper as it supposed to be. However, I think that bears enjoyed it enough as the current situation indicates the probability of further growth.
I still have the same targets on the four-hour chart as I think that ETH price will reach my green rocket before going higher. Ethereum has reached the support area at $453.24 as I predicted, but the correction was even a bit deeper. However, the currency pair is currently above this level and I think Ethereum is going to run higher in the nearest future.
My target is at the resistance area at $500.36. The currency pair will have to break through the closest resistance at $473.39 in order to get it. However, I have even better plans for Ethereum once the currency pair reaches my main target.
Take a look at Ripple (XRP/USD)price analysis, July 23 here
Bitcoin and other cryptos seem to be preparing for bull run
Hey everybody. This is Andrew Strogoff and we are going to make a brief review of what is happening with the crypto market today. The whole top 20 is green, but the gains are small. There was a correction as I have expected on Friday, but it was even deeper than predicted. Currently, cryptocurrencies seem to be preparing for a bullish run.
As for the news, there is still nothing to influence prices significantly. However, I want you to pay attention to some interesting facts. You probably know that India has recently banned cryptocurrencies. The local cryptocurrency community has turned to the court in order to solve the issue. Hearings were planned for summer, but they were postponed according to the latest news.
Another interesting event comes from Italy. One of the universities in this country is going to issue degrees on Ethereum Blockchain. This news is important for the community as this is one of the first steps to adopt the technology in this country.
Bitcoin (BTC/USD) ready to develop the uptrend, price analysis, July 23
Bitcoin has small gains on Monday as the currency pair has added around three percent. However, I think that the most interesting is on the way as BTC/USD is close to my targets again. The currency pair has reached them on Friday already but retreated. I think that Bitcoin is ready to develop the uptrend.
Bitcoin has reached the resistance area at $7,734 on Friday, but as I have already mentioned, bulls were unable to develop their progress. BTC price retreated to the support area at $7,341 and then went upwards to $7,565.
I think that the main scenario for today is bullish. My idea is the following: BTC/USD is going to reach the resistance area at $7,734 on Monday and will continue to grow even higher. Bitcoin looks very promising at the moment and bulls seem to gain momentum again.
Ethereum (ETH/USD) same targets different day, price analysis, July 23
Ethereum makes small gains on Monday but I think that the show is just beginning. There was a correction during the weekend according to my expectations, but it was even a bit deeper as it supposed to be. However, I think that bears enjoyed it enough as the current situation indicates the probability of further growth.
I still have the same targets on the four-hour chart as I think that ETH price will reach my green rocket before going higher. Ethereum has reached the support area at $453.24 as I predicted, but the correction was even a bit deeper. However, the currency pair is currently above this level and I think Ethereum is going to run higher in the nearest future.
My target is at the resistance area at $500.36. The currency pair will have to break through the closest resistance at $473.39 in order to get it. However, I have even better plans for Ethereum once the currency pair reaches my main target.
Take a look at Ripple (XRP/USD)price analysis, July 23 here
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