Topic: Daily price analysis BTC + ALTCOINS - page 7. (Read 3071 times)

Bitcoin, Ethereum, Ripple, EOS, NEM Take Serious Losses On Weekend, Bounce Back on Monday: Price Analysis, June 25



Bitcoin, Ethereum, Ripple, EOS, NEM start an upside correction on Monday after serious fall during the weekend

Cryptocurrencies established new lows during the weekend. Bitcoin tested $5,800 area but bulls managed to bounce back there and started a correction on Monday. The situation is still critical as cryptocurrencies develop their downtrend with short upside corrections.

The general fundamental background is neutral, but markets still continue to sink and this is a very dangerous alert for the investors and traders who still try to change the situation. The crypto market is bearish as no one knows when whales are going to end those speculative games.

For ones such a serious decline is a good opportunity to buy lower and as we can see they try to invest more into crypto markets. However, for the others, this situation is negative as nobody can predict where and when the crypto market will start its general growth.

Bitcoin (BTC/USD) Price analysis, June 25



The currency pair has added more than four percent in the past 24 hours. However, we have mentioned above that BTC/USD established new lows on the weekend and reached $5,800. Bitcoin was unable to develop its downside progress and started a correction.



Let’s have a closer look at the situation on the hourly chart. Bitcoin has tested the support line at 4.236 retracement level but failed to cross it and bounced back targeting the resistance at 3.618 retracement level. BTC/USD failed to jump over it as well and stays currently within the range, limited by 4.236 and 3.618. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). Bitcoin will test 4.236 retracement level. If successful, sellers will have an opportunity to push the currency pair lower.

2. Orange scenario (neutral). BTC/USD will fluctuate within the range between the support area at 4.236 retracement level and the resistance at 3.618.

3. Green scenario (bullish). The currency pair will hit the resistance area at 3.618 to test it. If buyers are able to jump over it, they are going to target the next resistance at $6,510.

Ethereum (ETH/USD) Price analysis, June 25



The currency pair has added less than two percent in the past 24 hours. However, as we can see it on the chart, Ethereum suffered significant losses on the weekend. The currency pair resumed its downtrend and stays below the descending trend line.



When we look closer at the hourly chart we can see that Ethereum has tested the support area at $431.42. The currency pair failed to develop its downside progress as buyers regain initiative and drove ETH/USD higher. However, they were unable to change the situation significantly as Ethereum has tested the resistance area at $453.24, but retreated from there. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will test the support area at $431.42 and if successful, bears will have an opportunity to develop their progress.

2. Orange scenario (neutral). Ethereum will fluctuate within $431.42 and $453.24 levels without significant price changes.

3. Green scenario (bullish). ETH/USD will test the resistance area at $453.24 and if successful, bulls will drive the currency pair higher targeting the next resistance at $473.39.

Ripple (XRP/USD) Price analysis, June 25



Ripple has added more than four percent in the past 24 hours, but the currency pair is still negative as we can see that it has reached new lows on the weekend. We have drawn the descending trend line which prevented XRP price from going above during Saturday and Sunday. However, XRP/USD is in correction on Monday.



Ripple followed its allies and tested new lows during the weekend. The currency pair has reached the support area at $0.4495, but retreated from there as bears had not enough power to push Ripple lower. XRP/USD went upwards later and tested the resistance at $0.4744. The currency pair stays above this level in the moment of writing. The possible ways for Ripple are the following:

1. Red scenario (bearish). Ripple will move towards the support area at $0.4495 to test it. If successful, bears will be able to push the currency pair lower.

2. Orange scenario (neutral). No significant price changes are expected. The currency pair will stay between the support at $0.4744 and resistance at $0.4918.

3. Green scenario (bullish). Ripple will test the resistance area at $0.4918 and jump over it, targeting the next resistance at $0.5088.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, June 25

Bitcoin, Ethereum, EOS Dead Calm, ETC Goes on Rampage: Price Analysis, June 21



Flat movement continues for Bitcoin and most altcoins, with one remarkable exclusion

By Thursday 21st the market continues its lateral movement, while neither bears nor bulls fully control the prices. The main concern is that trading volumes remain low proving that the situation may change at any time. Today’s balance of forces somehow reminds us those of May 12th when players also froze in indecision unless one long green $1,000 candle broke Bitcoin’s bearish pattern and unambiguously pointed on further direction.

In the meantime in anticipation of a whale’s turn even significant news are unable to shake the market. Crypto prices almost haven’t reacted to the hack of Bithumb, the sixth biggest exchange. Our readers can compare this occasion with Coinrail’s hack (90th exchange by trading volumes) on June 11th, which allegedly caused sharp market’s fall.

As for the positive news, we can’t but draw readers attention to the latest Tether transparency update. Directors of the scandalous Stablecoin affirm that the company’s balance sheets have successfully undergone audit procedures and that all USDT tokens are fully backed by fiat currency on their banking accounts. The question is whether this news will be enough to finally inspire buyers for action?

Bitcoin is moving towards a critical point



The flat movement will not last forever and we believe that the next couple of days will finally reveal Bitcoin's (and the whole market's) further destiny. On the daily chart, one can notice an intersection of the long-term descending channel (marked in red) and young ascending trend (thin green line). The situation becomes even spicier if we look at close proximity of the long-term ascending trend (orange line) and 0.786 Fibonacci retracement. Trading volumes which were steadily declining since the end of March have finally stabilized which means that all stars came together and either bears or bulls (we bet on bulls) should soon make their move. Their target is clearly visible and after breaking through descending channel at $6,800 and them through long-term ascending trend line which now acts as resistance at $7,000 we may see a rally to $8,000.

Further decline is less likely as the bears should be out of fuel after long run. A forming bearish wedge, however, may give them some strength and if they manage to win the battle for $6,000 a door to $5,500 will be easily open.

We recommend our readers to watch closely how the price will break through the triangle and do not hurry to make a trading decision right now.

ETH/USD looks promising provided that Bitcoin will not fail



In comparison with other top altcoins Ethereum -0.33 percent looks good for the several reasons. First, and the most important – during long May’s and June’s downtrend the coin didn’t updated March’s minimum (when even Bitcoin -0.49 percent was very close to it). Second, after first shy evidence of possible market reversal, ETH recovered faster than most of the cryptos. Breaking through descending channel in past 24 hours is another positive sign, although not very encouraging – the upward movement was not continued for now.

With all eyes on Bitcoin -0.49% percent , we may establish further bulls’ targets which are $570 coinciding with the nearest support-resitance level and psychological $600 defined by 0.382 meaning of Fibonacci grid.

In case of decline, the main task for bulls is not to let ETH break through the bottom line of the young ascending channel although the range of $500-$520 should stop the bears anyway, at least for some time.

EOS/USD is ready for a breakthrough



EOS has been on fire recently: the long-awaited mainnet launch was followed by accusations of high-degree centralization and blocking of several accounts in an attempt to stop coin thefts. However despite some fundamental problems, from the view of technical analysis the main Ethereum -0.33 percent competitor is doing very well.

Although EOS is still moving in descending channel, its width doesn’t prevent traders to derive profits with acceptable level of risk. The price fluctuations have formed a triangle, which will be resolved tomorrow at the latest. The upper boundary of the triangle is formed by powerful hidden mirror level (marked in orange), breaking through which will confirm bulls’ strength. In this case, the nearest mid-term target lies at $12.5 directly on the intersection of the boundary of the descending channel and 0.618 Fibonacci retracement. We expect a rebound from this level and after some rest the bulls may try to achieve $14.5.

As for the negative scenario, for now $9.5 should act as a reliable support which should restrain bulls’ pressure.

Ethereum Classic in on rampage



From the list of top 50 altcoins, Ethereum -0.33 percent Classic is showing the most rapid recovery, surging 15 percent in 24 hours. The reason still lies behind announcement of listing on Coinbase which caused a sharp spike in trading volumes unseen since February. Considering that coin’s all-time-high was set at $47, there is enough space for a considerable increase of current price.

Immediate further growth can however be stopped by reaching an important resistance level formed by the upper boundary of the descending channel and strong 0.382 Fibonacci retracement. A couple of days which Bitcoin -0.49 percent traders may take to decide on further direction should be enough for ETC to gain a foothold before the bulls may attempt to reach next target defined at $20.5 in short-term.

No doubt Ethereum -0.33 percent Classic will follow the market, but most probably at a higher speed. The bulls are in a winning position, and in case of a negative scenario, it would be an uphill task for the bears to drag the price below $15.5 where a resistance was formed.

Take a look at Cryptocomes Price Analysis here

all eyes on BTC anyway

You can see that the price of bitcoin and altcoin today has a huge adjustment, when the price of bitocin reduced to 6400 $ then the girl altcoin also fell sharply and now the price of bitcoin is recovering to 6800 $ And altcoin is showing signs of recovery but very slowly. I believe that at this time you can buy altcoin and trade in the short term. The market is in the downtrend stage so bitcoin prices will probably continue to fall sharply at any time.

Small Gains, Small Losses for Bitcoin, Ethereum, Ripple, EOS, NEM: Price Analysis, June 20



Bitcoin and other cryptos neutral on Wednesday, no significant price changes

There were no significant changes in the past 24 hours. Bitcoin and other cryptos remain neutral on Wednesday making small gains and small losses. The industry seems to be at crossroads looking for news and events to make further decisions.

As for the interesting news, there was a report from Hedge Fund Research (a reputable hedge fund analytics agency) showing that average profits of hedge funds investing in digital assets are 35 percent lower in 2018. Those investment institutions have reported an average profit of 45 percent in spring, but it is still not enough to overcome the numbers of 2017.

Another interesting news comes from the United States. Famous crypto industry expert John McAfee will no longer give his “prophecies” on coins as he was contacted by the US SEC regulator and asked to stop his “predictions.”

Bitcoin (BTC/USD) Price analysis, June 20



Bitcoin had almost no changes in the past 24 hours as the cryptocurrency added less than two percent. When we look at the hourly chart we can see that there is no clear tendency currently meaning bulls and bears are in balance and hesitate to make any further steps.



The closer look at the hourly chart helps to understand short-term tendencies. BTC price has tested the resistance area at $6,718 but failed to jump over it. There was a Shooting Star candlestick pattern on Tuesday and the currency pair declined lately following to this signal. BTC/USD stays in the middle of a horizontal range currently with no clear bias. The possible ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will test the support at $6,510 and if successful, bears will have an opportunity to push BTC/USD lower towards 3.618 retracement level.

2. Orange scenario (neutral). Bitcoin will stay between the resistance area at $6,718 and the support at $6,510.

3. Green scenario (bullish). BTC/USD will test the resistance area at $6,718. If successful, buyers will be able to drive the currency pair higher, targeting the resistance at $6,943.

Ethereum (ETH/USD) Price analysis, June 20



The currency pair remained neutral as Ethereum has added less than one percent in the past 24 hours. The situation on the hourly chart, in general, is unclear as we have no direction. Buyers and sellers are in balance in the moment of writing and hesitate to make any further steps.



When we look closer at the hourly chart we can see that Ethereum has tested the resistance area at $540.69 on Tuesday but failed to break it through and retreated later. The currency pair stays within a horizontal range at the moment of writing. The possible ways for Ethereum are the following:

1. Red scenario (bearish). The currency pair is going to test the support area at $500.36 and if successful, bears will be able to push ETH/USD lower, targeting the next support at $473.39.

2. Orange scenario (neutral). ETH/USD will stay within the current range limited by the resistance area at $540.69 and the support area at $500.36.

3. Green scenario (bullish). Ethereum will test the resistance area at $540.69 and if successful, buyers will be able to drive the currency pair higher, targeting the next resistance at $566.90.

Ripple (XRP/USD) Price analysis, June 20



Ripple had almost no changes in the past 24 hours as the currency pair lost less than two percent. The situation is unclear in general as there is no tendency at the moment of writing. Bulls and bears have found balance and hesitate to make any further steps.



When we look closer at the hourly chart we can see that XRP/USD has tested the resistance area at $0.5444 and almost reached the next resistance at $0.5643 but retreated below $0.5444 later. The currency pair stays in the middle of a range in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will break through the support area at $0.5088 and move lower targeting the next support area at $0.4918.

2. Orange scenario (neutral). The currency pair will stay within the current range limited by the resistance area at $0.5444 and the support at $0.5088.

3. Green scenario (bullish). XRP/USD will break through the resistance area at $0.5444 and move higher targeting the next resistance at $0.5643.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, June 20

Bitcoin, Ethereum, Ripple, EOS, NEM Grow Finally, Buyers Dominate Crypto Markets: Price Analysis, June 19



Bitcoin and other cryptos go green on Tuesday, buyers finally take control over the markets

Bitcoin and altcoins are green on Tuesday as buyers are controlling the markets. Cryptos are trying to return their positions that they have lost during the past week. There are no important events for this and the growth is likely to be a part of an upside correction.

As for interesting news, cryptocurrencies are accepted in Russia during FIFA 2018 World Cup. One cannot buy tickets directly, but crypto users may choose several methods including banking cards like Wirex or Epayments to purchase anything.

After the US has declared sanction against Russia, Mastercard and Visa have stopped working with some Russian banks. Cryptos help visitors and football fans pay for goods and services.

EOS still suffers from different issues. The Mainnet is down and nobody knows when the issue will be fixed.

Bitcoin (BTC/USD) Price analysis, June 19



Bitcoin has added nearly four percent in the past 24 hours. The currency pair established new tops on Tuesday as it followed the green scenario from our latest BTC/USD price analysis. Bitcoin forms a kind of a flag pattern in the moment of writing meaning the currency pair is able to develop its upside progress on Tuesday.



Let’s see closer what is going on the hourly chart. Bitcoin has reached $6,718 resistance area on Monday and tested it several times. The currency pair fluctuates close to this level in the moment of writing. There was a fake breakout, but the price returned below the resistance area. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will reach the support area at $6,510 and jump over it targeting the next support at 3.618 retracement level.

2. Orange scenario (neutral). Bitcoin will stay within the current price range, limited by the resistance area at $6,718 and the support area at $6,510.

3. Green scenario (bullish). BTC/USD will test the resistance area at $6,718 again and jump over it, targeting the next resistance area at $6,943.

Ethereum (ETH/USD) Price analysis, June 19



Ethereum has added more than four percent in the past 24 hours. The currency pair managed to establish new highs on Monday. ETH/USD forms a flag pattern currently meaning the currency pair has potential to develop its growth on Tuesday.



Ethereum seems to finally find support and looks promising in the moment of writing. However, let’s see closer what is going on the hourly chart. ETH price has followed green scenario from our latest ETH/USD review but failed to reach the next resistance area at $540.69. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). Ethereum will reach the support area at $500.36 to test it. If successful, sellers will be able to push the currency pair lower, targeting the next support at $473.39.

2. Orange scenario (neutral). ETH/USD will stay within the current price range between the resistance area at $540.69 and the support at $500.36.

3. Green scenario (bullish). The currency pair will test the resistance at $540.69 and if successful, buyers will be able to drive Ethereum higher, aiming at $566.90.

Ripple (XRP/USD) Price analysis, June 19



The currency pair has added more than two percent in the past 24 hours. Ripple reached new tops on Monday. XRP/USD has potential to develop its upside correction in the nearest future. The currency pair seems to form a flag pattern on the hourly chart.



Ripple has found support at $0.5088 support area. The currency pair moved higher on Monday and tested the resistance area at $0.5444 but failed to jump over it. There was a fake breakout, but XRP/USD retreated from this area later is fluctuated below it. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will test the support area at $0.5088 and is successful, XRP price will run lower.

2. Orange scenario (neutral). XRP/USD will stay within that current range, limited by the resistance area at $0.5444 and the support at $0.5088.

3. Green scenario (bullish). Ripple will break through the resistance area at $0.5444 and move higher, targeting the next resistance at $0.5643.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, June 19

Bitcoin, Ethereum, Ripple, EOS, NEM at New Lows, But Buyers Have Hopes: Price Analysis, June 18



Bitcoin and altcoins make new lows, but buyers have hopes to change the situation

Bitcoin and altcoins have established new lows during the weekend, but their fluctuations were calm without significant price changes meaning the cryptos seem to find support finally. There was no important news in the past 36 hours.

As for interesting events, it is important to mention that National Bank of Romania had comments on cryptocurrencies. The governor of this structure, Mugur Isarescu stated that cryptos cannot be adopted as currencies because they fail to perform functions of traditional fiat money. Isarescu added that cryptos’ emission is done by anonymous persons and not by authorized bodies. This may increase frauds and scams in future.

As for Blockchain, Isarescu mentioned that the technology is worth studying. Romanian authorities are ready to adopt it but the crypto market needs some serious adjustments to be adopted.

Bitcoin (BTC/USD) Price Analysis, June 18



The currency pair has lost more than one percent in the past 24 hours. However, in general, the situation is neutral meaning sellers have no power to push Bitcoin lower. The buyers are hesitating but have chances to change the situation while there is no important news.



Let’s zoom in to see the current situation. The currency pair fluctuated with no clear direction during the weekend below $6,510 resistance area. However, BTC/USD was unable to reach the closest support at 3.618 as well. The possible ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will break through the support at 3.618 retracement level and move lower, targeting the basis of the Fibonacci tool.

2. Orange scenario (neutral). Bitcoin will stay within the current range, limited by the resistance area at $6,510 and the support at 3.618 retracement level with no significant price changes.

3. Green scenario (bullish). The currency pair will break through the closest resistance area at $6,510 and move higher, targeting the next resistance at $6,718.

Ethereum (ETH/USD) Price Analysis, June 18



Ethereum has lost more than one percent in the past 24 hours. The currency pair fluctuates with no clear direction meaning sellers have lost initiative, but bulls are still unable to drive the currency pair higher. ETH/USD has established new local lows, but the currency pair looks promising in the moment of writing.



Let’s have a closer look at the currency pair on the hourly chart. Ethereum has reached 3.618 retracement level during the weekend but failed to make any further progress and retreated. The currency pair declined below the support area at $500.36. It fluctuates close to this area in the moment of writing. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $473.39 and move lower, targeting the next support at $453.24.

2. Orange scenario (neutral). Ethereum will stay within the current range, limited by the resistance area at $500.36 and the support at $473.39 without significant changes.

3. Green scenario (bullish). ETH/USD will break through the resistance area at $500.36 and run higher, targeting the next resistance at $540.69.

Ripple (XRP/USD) Price analysis, June 18



The currency pair has lost more than two percent in the past 24 hours. However, Ripple has no clear bias currently and the currency pair can develop its upside correction in the nearest future. XRP/USD reached new tops during the weekend but buyers were unable to develop their progress.



Let’s get closer to the price on the hourly chart. The currency pair has reached $0.5643 resistance area during the weekend, but retreated from there and crossed the support area at $0.5444. XRP/USD reached the next support area at $0.5088 in the moment of writing. The possible ways for Ripple are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $0.5088 and move lower targeting the next support area at $0.4918.

2. Orange scenario (neutral). Ripple will stay within the current range between the resistance area at $0.5444 and the support at $0.5088.

3. Green scenario (bullish). The currency pair will cross the resistance area at $0.5444 and run higher, targeting the next resistance at $0.5643.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, June 18

HODL! If you do still have those coins you had bought on the higher highs but most of the time doubts and panic will really tingle us out to do foolish thing.I actually laugh on the charts where those impressions being written are totally the true story on most traders. Buy on high and selling on lows until the unpredictable market will really push you down to quit in the end. Self control will matter here and also your patience. Once you wont able to sustain yourself then you are done.
Misinformed people that do make profits arent really be considered to be successful but rather they are just lucky enough on that particular trade. Always having an analysis would always have the edge.

I usually only see the daily price of bitcoin from https://coinmarketcap.com/ actually I not only see bitcoin price but I also see altcoin price that I have for my monitor therefore I choose https://coinmarketcap.com/ for monitoring price.

You can see that after touching $ 6100, the current price of bitcoin has recovered to $ 6500 and is showing signs of sideways. The strong rebound of bitcoin prices makes the market more vibrant again, so many altcoin are recovering very strongly and I believe this is the time for you to trade altcoin.

Misinformed people are the ones who are always successful. Do not give up when we fail and do not be discouraged when we are not successful. I believe that those who have the will to rise up and remain faithful will be the ones who win.

Yes Bitcoin is stable, some Altcoin is up. The worst is really for sure I think it is a tough time to make an investment decision especially for new investors. I see that EOS has evolved not only against other cryptos but also against fiat from the last few days. It's listed on more exchanges so it gives a boost.

Me too.its easy to say buy on deep and sell on profit but once you are in real situation its hard to determine when coins  on deep that is why when i bought coins and it keep falling down i buy again to average down my loss hoping once market recover i can easily recover my loss.  crypto market is really unpredictable you need patience and  additional funds to back up your investment.

Bitcoin, Ethereum, Litecoin, EOS Bounce Back, Ripple, NEM Hovering: Price Analysis, June 15



Bitcoin and most altcoins bounce back after a sharp fall, have positive outlooks in short-term

Bitcoin and altcoins develop their corrections and establish new local highs. It is hard to say now whether this tendency is mid-term or short-term as experts have different opinion on the reasons of this huge downtrend that we can see in midterm.

Some experts think that this significant crypto market decline is the result of 2017’s cryptocurrencies hype and now the price is trying to find its balance.

Another opinion about this huge downtrend is that the US regulatory body, CFTC requires transactions data from major US cryptocurrency exchanges.

Anyway, the general situation in this industry indicates on the probability of further decline of all cryptos.

Bitcoin (BTC/USD) Price Analysis, June 15



Bitcoin added more than one percent in the past 24 hours. The currency pair bounced back the support area at 3.618 retracement level and started its upside tendency this week. BTC/USD established new highs on Thursday/Friday.



Let’s get closer to the current situation on the hourly chart. The currency pair ran upwards on Thursday and jumped over the resistance area at $6,510. BTC/USD moved higher later and reached $6,718. However, Bitcoin failed to break through this level. The possible ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will test the support area at $6,510 and if successful, Bitcoin will develop its downside move targeting the next support at 3.618 retracement level.

2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by $6,718 resistance area and $6,510 support area.

3. Green scenario (bullish). Bitcoin will test the resistance area at $6,718 and move higher, targeting the next resistance at $6,943.

Ethereum (ETH/USD) Price Analysis, June 15



The currency pair has added more than four percent in the past 24 hours. Ethereum develops its upside corrective movement. The currency pair has found support on Wednesday and established new highs on Thursday. ETH/USD still has a positive outlook in short term.



Let’s see closer what is going on the hourly chart. The currency pair has broker through the resistance area at $500.36 and moved higher. However, ETH/USD failed to reach the next resistance area at $540.69 and returned to $500.36. The possible ways for Ethereum are the following:

1. Red scenario (bearish). The currency pair will break through the current support area at $500.36 and move lower, targeting the next support at $473.39.

2. Orange scenario (neutral). Ethereum will stay within the current price range, limited by the resistance area at $540.69 and the support area at $500.36.

3. Green scenario (bullish). ETH/USD will test the resistance at $540.69 and if successful, will go higher, aiming at the next resistance area at $566.90.

Ripple (XRP/USD) Price analysis, June 15



The currency pair has lost less than one percent in the past 24 hours. Ripple develops its upside correction currently but fails to grow significantly as the currency pair fluctuates almost on the same levels on Friday as compared to Thursday.



Let’s see closer what is going on the hourly chart. The currency pair has reached the resistance area at $0.5643 on Thursday, but failed to develop the progress and retreated towards the support area at $0.5444. Ripple stays there currently. The possible ways for Ripple are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $0.5444 and move lower aiming at the next support area at $0.5088.

2. Orange scenario (neutral). Ripple will stay within the current range, limited by the resistance area at $0.5643 and the support area at $0.5444.

3. Green scenario (bullish). XRP/USD will rise towards the resistance are at $0.5643 and break it through. The next step for XRP/USD is to target the next resistance area at $0.5914.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, June 15

Bitcoin, Ethereum, Ripple, EOS, NEO Continue to Sink: Price Analysis, June 13



Bitcoin and altcoins continue to go down; investors still have fears on CFTC decision

Investors still have negative moods and it is not clear whether they are going to change their mind in the nearest future. There are no positive events as well. The currency pairs are likely to develop their downside tendencies in this situation.

As for the interesting news, Upbit exchange is going to reward those who will report scams and frauds. This plan is working already as 10 schemes of fraudulent were reported in the past several months. Another important thing to pay attention to is EOS voting, which is still on the way. In order to finish this procedure, 150 mln tokens are required.

Bitcoin (BTC/USD) Price Analysis, June 13



Bitcoin has lost more than four percent in the past 24 hours. The currency pair continued to decline meaning buyers have no support currently to change the situation. BTC/USD is correcting in the moment of writing but there is a Flag pattern on the hourly chart, which indicates on the probability of further Bitcoin decline.



Let’s see closer what is going on the hourly chart. BTC/USD has established new lows on Tuesday as the currency pair has reached $6,510 support area. Sellers are unable to push it lower, but there are no signs of a reverse as well. The possible ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $6,510 and run lower, targeting the next support at 3.618 retracement level.

2. Orange scenario (neutral). Bitcoin will stay within the current range, limited by the support area at $6,510 and the resistance area at $6,718 without significant price changes.

3. Green scenario (bullish). BTC/USD will break through the resistance area at $6,718 targeting the next resistance area at $6,943.

Ethereum (ETH/USD) Price Analysis, June 13



Ethereum has lost almost seven percent in the past 24 hours. The currency pair develops its downside tendency that started during the weekend. ETH/USD goes downwards in the moment of writing meaning buyers are still unable to find any support.



Let’s have a closer look at the Hourly chart. ETH/USD had a correction on Tuesday and reached $500.36 resistance area. However, buyers were unable to develop their progress and the price went downwards. Ethereum has reached the closest support area at $473.39. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will break through the current support area at $473.39 and move lower, targeting the next support area at $453.24.

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the support area at $473.39 and the resistance area at $500.36.

3. Green scenario (bullish). Ethereum will break through the resistance area at $500.36, targeting the next resistance area at 3.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 13



The currency pair has lost almost six percent in the past 24 hour. Ripple seems to develop its downside tendency, started on weekend. XRP/USD corrected on Tuesday, but resumed downtrend later. The currency pair develop its downside tendency in the moment of writing.



Let’s have a closer look at what is going on the hourly chart. The currency pair has reached the resistance area at $0.5643 on Tuesday but buyers were unable to hold this level as XRP/USD retreated later and reached the support area at $0.5444. Ripple is testing this level in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will break through the support area at $0.5444 and move lower, targeting the next support area at $0.5088.

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the resistance area at $0.5643 and the support area at $0.5444.

3. Green scenario (bullish). XRP/USD will break through the closest resistance area at $0.5643 and run higher, targeting the next resistance area at $0.5914.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 13

Bitcoin, Ethereum, Ripple, EOS, NEO in Correction: Price Analysis, June 12



Bitcoin and altcoins are correcting on Tuesday, investors still have fears

The currency pairs from the top 20 are correcting on Tuesday after a serious decline during the weekend. We have mentioned in our last review from June 11 that the requirements from CFTC to offer transactions data to the US regulatory body was one of the reasons for this significant downside momentum.

However, buyers have found ground on Monday as cryptocurrencies have stopped to decline and started to consolidate. Investors and traders still have fears as the price is unable to make a deeper correction in the moment of writing.

As for the interesting news, Israeli regulators want to ensure protection to cryptocurrency investors and aspire to establish necessary regulatory measures. They want to prevent frauds as well.

Bitcoin (BTC/USD) Price Analysis, June 12



The currency pair added more than one percent in the past 24 hours. Bitcoin has stopped to decline after a huge downside momentum. However, BTC/USD is unable to make any significant correction by the moment of writing meaning buyers still hesitate to make serious steps.



Let’s have a closer look at the currency pair. BTC price has retested the closest support area at $6,718 on Monday but was unable to run lower. Bitcoin has reached the closest resistance area later on Monday, but bulls had no opportunities to make even a fake breakout. The possible ways for the currency pair are the following:

1. Red scenario (bearish). Bitcoin will break through the closest support area at $6,718 and run lower targeting the next support area at $6,510.

2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by the support area at $6,718 and the resistance area at $6,943.

3. Green scenario (bullish). The currency pair will break through the closest resistance area at $6,943 and run higher targeting the next resistance area at $7,181.

Ethereum (ETH/USD) Price Analysis, June 12



The currency pair has lost less than one percent in the past 24 hours but if we look at the hourly chart we can see that ETH/USD is in correction currently. The currency pair had significant losses during the weekend but stopped its decline on Monday. However, buyers are still hesitating to make serious steps.



Let’s see what’s going on the hourly chart. The currency pair has tested 3.618 retracement level on Monday but failed to break it through and reversed. ETH/USD ran towards the closest resistance area at $540.69 later. However, buyers were unable to touch this level. The possible ways for Ethereum are the following:

1. Red scenario (bearish). The currency pair will break through the 3.618 retracement level and move lower, targeting new local lows, established during the weekend.

2. Orange scenario (neutral). ETH/USD will stay within the current price range, limited by the support area at 3.618 retracement level and the resistance area at $540.69 without significant price changes.

3. Green scenario (bullish). Ethereum will break through the resistance area at $540.69 and run higher targeting the next resistance area at $566.90.

Ripple (XRP/USD) Price Analysis, June 12



The currency pair added more than one percent in the past 24 hours. Ripple had significant losses during the weekend, but stopped its downside tendency on Monday and started a correction. However, buyers are still hesitating as the price remains close to Monday’s levels.



Let’s have a closer look at what is going on the hourly chart. The currency pair has tested $0.5643 twice on Monday but was unable to break it through. XRP/USD has tested the closest resistance area at $0.5914 later. XRP price stays close to this area in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will break through the closest support area at $0.5643 and run lower targeting the next support area at $0.5444 (local lows).

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the resistance area at $0.5914 and the support area at $0.5643 without significant changes.

3. Green scenario (bullish). XRP/USD will break through the resistance area at $0.5914 and run towards the next target at $0.6216.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 12

Bitcoin, Ethereum, Ripple, Neo Lose Momentum, EOS Trying to Restore: Price Analysis, June 8



Bitcoin and the other cryptos lose their momentum, EOS is still holding its positions

The top 20 cryptocurrencies are in downside correction on Friday as there is still nothing new in this industry, which may affect coins and lead to big and serious movements. All cryptos are influenced by technical aspects currently.

As for interesting news, we suggest paying attention to Carbon Black’s report, which says that criminals have almost no difficulties to steal cryptocurrencies from users. According to the latest data, hackers are able to use over 10,000 marketplaces in order to steal digital money.

Another interesting thing to pay attention to is the launch of EOS mainnet as the last tests seem to end. The cryptocurrency shows bullish tendencies as investors and traders are looking forward to seeing the release of this update.

Bitcoin (BTC/USD) Price Analysis, June 8



Bitcoin has lost less than one percent in the past 24 hours. The currency pair is still in upside correction to the previous downtrend, but this week, BTC/USD shows no significant fluctuations. Bitcoin is still below the green ascending trend line.



Let’s have a closer look at what is going on the hourly chart. The currency pair has reached $7,734 previously but failed to hold this level or to run higher and went downwards. BTC/USD has touched $7,565 again and fluctuates there in the moment of writing. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through $7,565 support area and move lower, targeting the next support area at $7,341.

2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by the support area at $7,565 and the resistance area at $7,734.

3. Green scenario (bullish). The currency pair will run towards $7,734 and break it through targeting the next resistance area at $7,949.

Ethereum (ETH/USD) Price Analysis, June 8



Ethereum has lost less than one percent in the past 24 hours. The currency pair develops its correction to the previous downtrend. However, ETH/USD seems to lose its momentum, as it fluctuates within a horizontal range this week.



Let’s have a closer look at what is happening on the hourly chart. Ethereum fluctuated within the range on Thursday. ETH/USD stays close to the support area at $596.08. What are the possible ways for Ethereum?

1. Red scenario (bearish). ETH/USD will break through the support area at $596.08 targeting the next support area at $566.90.

2. Orange scenario (neutral). The currency pair will move towards the closest resistance area at $626.66 and jump off this area, targeting support at $596.08.

3. Green scenario (bullish). Ethereum will grow towards $566.90 resistance area and break it through targeting the next resistance area at $662.39.

Ripple (XRP/USD) Price Analysis, June 8



Ripple has lost almost two percent in the past 24 hours. The currency pair continues its upside correction to the previous downtrend, but it is below the green ascending trend line. It seems like XRP/USD has lost momentum currently.



Let’s have a closer look at what is going on the hourly chart. XRP/USD failed to break through 0.5 retracement level and reversed downwards. Ripple fluctuates close to 0.786 retracement level in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will break through the closest support area at 0.786 retracement level and run lower, targeting the next support area at $0.6519.

2. Orange scenario (neutral). XRP/USD will stay within the current range limited by the resistance at 0.618 and the support at 0.786 retracement level.

3. Green scenario (bullish). Ripple will jump over the resistance at 0.618 retracement level and move higher targeting 0.382 retracement level.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 8

sounds stressed. this is an emotional battle.
and the winner is the one who can control it. do not let the chart affect you and let your beliefs play. just HOLD

it's almost like me where I'm always wrong in making a decision to buy or sell, maybe I often talk that we need to learn from mistakes but in fact it's very difficult to do.