Topic: Daily price analysis BTC + ALTCOINS - page 8. (Read 3071 times)

Bitcoin, Ethereum, Ripple, NEO Make New Highs, EOS at Some Loss: Price Analysis, June 7



BTC/USD and the others establish new highs meaning the correction is still on. EOS loses a little

Cryptocurrencies from the top 20 continue to establish new highs except EOS, which was unable to grow in the past 24 hours. This means that technical correction continues without any fundamental basis.

What are the reasons for this correction? First of all, traders and investors learn more about charts and how to read them. They have seen the support areas for different cryptos and started to buy them increasing positive volumes.

The second reason is that the others have seen BTC and its rivals to grow in the past several days and they also place long orders hoping to purchase cryptos at their lows as they think the whole industry is oversold in the moment of writing.

As for the interesting news, there is almost nothing to pay attention to except Vitalik Buterin’s statements on Blockchain technology. Famous Canadian programmer and Ethereum’s CEO has mentioned that Blockchain is unsuitable for governmental voting.

Bitcoin (BTC/USD) Price Analysis, June 7



Bitcoin has added more than one percent in the past 24 hours meaning the currency pair still continues its upside correction. However, BTC/USD was unable to breach the green ascending trend line from below.



Let’s have a closer look at what is going on the hourly chart. The flag pattern failed to develop as BTC price went through the support area at $7,565 on Wednesday. However, BTC/USD returned above this level later and continued to grow. Bitcoin has reached the next resistance area at $7,734 on Wednesday. What are the possible way for Bitcoin?

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

2. Orange scenario (neutral). Bitcoin will stay within the range limited by the support are at $7,565 and the closest resistance area at $7,734.

3. Green scenario (bullish). BTC/USD will test the closest resistance area at $7,734 and break through this level targeting the next resistance area at 7,949.

Ethereum (ETH/USD) Price Analysis, June 7



Ethereum has added more than one percent in the past 24 hours and established new local highs. However, the currency pair is still in correction. It is too early to say that we have a reverse of a midterm downside tendency.



Let’s see closer what is going on the hourly chart. Ethereum formed a Flag pattern yesterday but declined later, breaking this formation. However, ETH/USD has managed to move higher again as it has found support at $596.08. There is another bullish flag currently on the hourly chart. ETH price is below the green ascending trend line. The possible ways for Ethereum are the following:

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

2. Orange scenario (neutral). Ethereum will stay within the current range, limited by the support area at $596.08 and the closest resistance area at $626.66 without significant price changes.

3. Green scenario (bullish). The currency pair will break through $626.66 targeting the next resistance area at $662.39, which coincides with the one retracement level.

Ripple (XRP/USD) Price Analysis, June 7



Ripple has added almost two percent in the past 24 hours as the currency continues its upside correction to the midterm downtrend. XRP/USD has established new local highs but we can’t say currently that the correction has ended and we have a clear upside tendency as Ripple still fluctuates within the Fibonacci retracement tool.



Let’s see closer what is going on within the Fibonacci retracement. The currency pair managed to test 0.786 retracement level, but was unable to break it out and reversed there. XRP/USD went upwards later on Thursday and reached 0.382 retracement level. It stays close to this position in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will move downwards through several retracement levels targeting 0.786.

2. Orange scenario (neutral). XRP/USD will stay within the horizontal range, limited by 0.382 and 0.236 retracement levels without any significant price changes.

3. Green scenario (bullish). Ripple will grow targeting $0.7013 resistance area, which coincides with zero retracement level.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 7

I really appreciate your information that you have given us. Not long for now and Bitcoin will pump accordingly and slowly. We just have to wait and see.

The major reason behind the bitcoin price fall might be because of the news spreaded these days. I guess Crypto Ban is the major cause, the media people comes with the Ban news everytime, Google, FB, Bing search ban and many more. Crypto whales who holds the bitcoins sells out and the price declines. Hope we see the rise of the price again as end of 2017 and early 2018.

Totally agree! Though hope on 1M $ by 2020 as John McAfee predicted

That's a good analysis though this is really happening most of the time and we cannot deny the fact that we lose some of our capital because of our wrong decisions and making panic selling which really makes us lose lots of money/bitcoin. Still hoping that this year that our bitcoins and altcoins will go up again even if not too high as our last ATHs. Good amount of bitcoin like $15k would be good enough.

Bitcoin, Ethereum, EOS Return to Upside Correction: Price Analysis, June 6



Holy Top 20 is in green Wednesday, technical factors rule the markets

The Holy Top 20 is green Wednesday  (except Lisk naturally, which has shown the negative dynamics in the past 24 hours), which means that cryptocurrencies have returned to their correction paths. Is there something important to make investors and traders change their bearish moods? Obviously, nothing to pay attention to.

This correction is a technical aspect that has no fundamental basis currently. However, nobody is able to predict whether there will be no reasons for growth tomorrow. Anyway, those who have already bought cryptos in the beginning of their corrections are happy now as cryptocurrencies have deeper corrections than initially expected.

As for news, there is nothing to affect the industry, but we would like to mention Steve Wozniak’s interview, in which he stated that Bitcoin will become the global crypto in 10 years.

Bitcoin (BTC/USD) Price Analysis, June 6



Bitcoin continues its correction to the downtrend, which generally looks like wide flat fluctuations. BTC/USD has added almost two percent in the past 24 hours. However, Bitcoin remains under the green ascending trend line, meaning the correction momentum is lost already.



Let’s get closer to the current situation. BTC/USD has reached the support area at $7,341 on Tuesday, but jumped off this level later and managed even to cross the closest resistance area at $7,565. The currency pair has tested the green ascending trend line from below, but buyers were unable to drive Bitcoin higher. The possible ways for BTC/USD are the following:

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

2. Orange scenario (neutral). Bitcoin will stay within the range, limited by the resistance area at $7,734 and the support area at $7,565 without significant price changes.

3. Green scenario (bullish). BTC/USD will move towards the closest resistance area at $7,734 and break it through targeting the next resistance area at $7,949. This scenario includes also the probability for Bitcoin to jump over the green ascending trend line.

Ethereum (ETH/USD) Price Analysis, June 6



Ethereum has added almost two percent in the past 24 hours but ETH price is still below the green ascending trend line. The situation looks like ETH/USD is in correction in general, but the latest fluctuations show that the currency pair is in a large flat with no clear direction.



Let’s see closer what is happening inside the Fibonacci retracement. ETH/USD has reached 2.618 retracement level on Tuesday but failed to hold it as ETH price went upwards. Ethereum has crossed the closest resistance area at $596.09 later. The currency pair stays above this level currently, below the ascending trend line. What are the possible ways for Ethereum?

1. Red scenario (bearish). The currency pair will break through the closest support area at $596.08 and run lower targeting the next support area at $566.90.

2. Orange scenario (neutral). ETH/USD Will stay within the current horizontal range, limited by the resistance area at $626.66 and the support area at $596.08 without any significant changes.

3. Green scenario (bullish). The currency pair will break through $626.66 resistance area targeting the next one at $662.39. This scenario includes also situation when ETH/USD jumps over the ascending trend line.

Ripple (XRP/USD) Price Analysis, June 6



Ripple looks better than allies as the currency pair develops its upside correction. It is close to the boundary of Fibonacci retracement tool and may breach it in the nearest future. However, XRP/USD still stays below the green ascending trend line.



Let’s have a closer look at what’s happening on the hourly chart. The currency pair had a deep downside correction on Monday and Tuesday but managed to cross $0.6515 and several retracement levels. XRP/USD failed to jump over the green ascending trend line, but was close to it. Ripple seem to establish a bullish flag currently meaning the currency pair will be able to develop its upside tendency. What are the possible ways for XRP/USD?

1. Red scenario (bearish). The currency pair will cross 0.786 retracement level and the support area at $0.6515, which coincides with one retracement level targeting the next support area at $0.6216.

2. Orange scenario (neutral). The currency pair will stay between 0.5 and 0.786 retracement levels without significant price changes.

3. Green scenario (bullish). XRP/USD will develop its upside tendency targeting the upper boundary of the Fibonacci retracement, which coincides with the resistance area at $0.7013.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 6

Bitcoin, Ethereum, EOS, Ripple, NEO Return to Downtrend: Price Analysis, June 5



Bitcoin, Ethereum and EOS lose momentum, the top 15 cryptos are in red today

Crypto coins seem to return to their downtrends again as almost all the top 20 cryptocurrencies have lost some positions in the past 24 hours. There is no evident reason for them to fall and those downside tendencies may be part of local downward corrections.

As for interesting news, Vitalik Buterin, Ethereum’s founder has revealed that his project is able to process 100 mln transactions per second. He explained that sharding along with Plasma (second layer) will allow the Ethereum network to solve scalability problems.

Another interesting thing to pay attention to is that Ripple has announced plans to donate $50 mln to conduct research works and to accelerate cryptocurrencies’ adoption.

Bitcoin (BTC/USD) Price Analysis, June 5



Bitcoin seems to return to the downside tendency as BTC price has lost almost two percent in the past 24 hours. BTC/USD managed to establish a temporary upside tendency during the weekend, which was a part of an upside correction. However, on Monday BTC/USD started to decline.



Let’s have a closer look at what is going on the hourly chart. Bitcoin has broken through the red ascending trend line and moved lower meaning it has stopped its local uptrend (part of an upside correction). However, BTC/USD jumped off $7,341 support area, which prevents the currency pair from further downside tendency. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the closest support area at $7,341 and move lower targeting the next support area at $7,199.

2. Orange scenario (neutral). BTC/USD will stay within the current range between the resistance area at $7,565 and the support area at $7,341 jumping off both levels.

3. Green scenario (bullish). Bitcoin will cross the closest resistance area at $7,565 and move higher, targeting the next resistance area at $7,734.

Ethereum (ETH/USD) Price Analysis, June 5



Ethereum followed the other allies and went downwards on Monday after the weekend’s rally, which was a part of an upside correction to the midterm downtrend. ETH/USD has lost more than two percent in the past 24 hours and is able to develop this negative tendency in the nearest future. If the upside correction is done, ETH/USD will likely to develop its downside progress.



Let’s have a closer look at what is happening on the hourly chart. ETH/USD has reached $626.66 resistance area during the weekend but was unable to cross it. The currency pair has started a short-term downside correction on Monday, which looks like the downtrend in the moment of writing as ETH/USD has broken through the green ascending trend line. Ethereum was stopped at $566.90 support area, which coincides with 2.618 retracement level. What are the possible ways for ETH/USD?

1. Red scenario (bearish). The currency pair will break through $566.90 and move lower targeting $540.69 support area.

2. Orange scenario (neutral). ETH/USD will test the closest resistance area at $596.08 and jump off it targeting the      closest support area at $566.90. The currency pair will stay within this range with no significant fluctuations.

3. Green scenario (bullish). Ethereum will break through the resistance area at $596.08 and move higher targeting the next resistance area at $626.66, which coincides with 1.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 5



Ripple moved downwards on Monday meaning this upside correction, which was developing during the weekend has come to an end. The currency pair has lost more than one percent in the past 24 hours but bulls still make attempts to reverse the price. XRP/USD failed to leave the Fibonacci retracement during the weekend meaning buyers are still unable to change the situation in their favor.



Let’s see closer what’s happening on the hourly chart within the Fibonacci tool. Ripple has breached the green ascending trend line and moved lower. XRP/USD is currently above the support area at $0.6515, which coincides with one retracement level. The following ways for Ripple are the following:

1. Red scenario (bearish). The currency pair will move towards the closest support area at $0.6515 and cross it targeting the next support area at $0.6216.

2. Orange scenario (neutral). XRP/USD is going to fluctuate within the range, limited by the resistance 0.786 retracement level and the support area at $0.6515.

3. Green scenario (bullish). Ripple will cross 0.786 retracement level and several other retracement levels targeting $0.7013 resistance area.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 5

btc and altcoin are red but ethereum even more red, i do not understand with ethereum.

Bitcoin, Ethereum, EOS Uncertain, NEO Day’s Loser: Price Analysis, June 4



Bitcoin, Ethereum and EOS look uncertain while NEO loses nearly five percent

Bitcoin and its rivals seem to change their tendencies as they continue to establish new higher highs and higher lows. This positive mood means that corrections go on as there are no significant fundamental drivers to change the situation.

Market participants seem to be tired of those midterm downtrends and make cautious attempts to buy cryptos expecting that those corrections will give support for buyers and they will be able to develop progress.

As for news, there are some interesting facts related to EOS and other cryptocurrencies. The debates between EOS and Qihoo continue as Daniel Larimer, EOS developer, accused Qihoo 360 security in a malicious move against the cryptocurrency, which lead to EOS downtrend. Qihoo 360 founder and CEO Zhou Hongyi denies any malicious intentions underlying that bugs were fixed even before the report.

Another interesting event that is worth our attention is the announcement of the world’s largest venture capital fund by Binance exchange. The main target of this unit is to provide investments to startups and other Blockchain funds.

Bitcoin (BTC/USD) Price Analysis, June 4



The currency pair has lost nearly two percent in the past 24 hours but this time there is nothing to worry about. As we can see, BTC/USD goes along the short-term ascending trend line jumping over one resistance area after another. Technically and fundamentally, this is a correction still as there are no positive drivers to change the tendency. However, those who have bought earlier, already gained some profits.



Let’s have a closer look at BTC/USD. The currency pair has jumped over the resistance area at $7,565 during the weekend and managed to test another resistance area at $7,734. BTC price declined towards the ascending trend line later. BTC/USD is testing this trend line, which coincides with $7,565 support area and 1.618 retracement level currently. The probable ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will break through the trend line and move lower targeting two closest support areas at $7,341 and $7,199.

2. Orange scenario (neutral). The currency pair will stay between support area at $7,565 and resistance are at $7,734. This horizontal channel may be larger including the next resistance area at $7,949.

3. Green scenario (bullish). The currency pair will move upwards directly breaking through resistance areas at $7,734 and $7,949.

Ethereum (ETH/USD) Price Analysis, June 4



Ethereum seems to have recovered in general as it goes along is short-term ascending trend line meaning bulls have finally found support and try to drive ETH/USD higher. However, the currency pair having lost nearly two percent in the past 24 hours as bears make attempts to counter-attack. This upside run is nothing more than a correction still as fundamentally there are no reasons for Ethereum to change its trend. Anyway, traders can benefit from this correction.



Let’s have a closer look at the hourly chart. ETH price tries to break through the green ascending trend line and tests the closest support area at $596.08. ETH/USD ran higher during the weekend and established new local highs at $626.66, which coincides with 1.618 retracement level, but then buyers retreated allowing sellers to start a local bearish correction. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will break through the trend line and the closest support area at $596.08 and move lower targeting the next support area at $566.90, which coincides with 2.618 retracement level.

2. Orange scenario (neutral). ETH price will reach the closest resistance area at $626.66 and jump off it moving towards the green ascending trend line. Horizontal channel for the neutral scenario is limited by support area at $596.08 and resistance area at $626.66.

3. Green scenario (bullish). ETH/USD will cross $626.66 resistance area and run higher targeting $662.39 resistance area.

Ripple (XRP/USD) Price Analysis, June 4



The currency pair seems to restore as XRP price reached the end of Fibonacci retracement on the weekend. However, later, XRP/USD jumped off this resistance area at $0.7013 and moved lower targeting the green ascending trend line. Ripple added less than one percent in the past 24 hours due to the local bearish correction that we can see on the Hourly chart currently.



Let’s have a closer look at the hourly chart. Ripple followed the other allied currencies and managed to establish new local highs. We have drawn this local red ascending trend line, which is under bombardment in the moment of writing as XRP/USD is trying to breach it. The possible ways for the currency pair are the following:

1. Red scenario (bearish). Ripple will break through the ascending trend line and the closest support area at $0.6515 and develop its downside progress targeting $0.6216 support area, which coincides with one retracement level.

2. Orange scenario (neutral). The currency pair will move towards 0.618 retracement level and then decline to the current support area at $0.6515.

3. Green scenario (bullish). XRP/USD will cross all Fibonacci retracement level and reach $0.7013 resistance area at least.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 4

Bitcoin, Ethereum, Ripple in Green, IOTA Day’s Leader: Price Analysis, June 1



EOS loses a little, IOTA grows, cryptocurrencies across the board are being in green

All the major cryptos from the top 20 are in a positive mood on Friday, but in general, there is no clear tendency currently as fluctuations are neutral. Cryptocurrencies seem to stop or to pause (which sounds better here) their downtrend for a while. However, what we see now on the charts looks like a correction and not a reversal.

The fundamental background is neutral in the moment of writing as there are no news to affect the industry significantly. However, some interesting facts we have gathered here. Despite the fact that almost all cryptos are green, EOS looks weak as Qihoo 360 has found security problems that lead to some losses. However, EOS still holds its positions generally as the system will transfer to mainnet on June 2, 2018.

As for the general picture, cryptocurrencies still need some good news to start the uptrend. They remain neutral and seem to be in correction to the previous downtrend.

Bitcoin (BTC/USD) Price Analysis, June 1



The currency pair started a correction this week and added around one percent on Friday. BTC/USD has jumped over the descending trend line and moved higher meaning bulls have finally found their support point.



Let’s have a closer look at the current situation within the Fibo retracement graphic tool. The currency pair still tests 1.618 retracement level, which coincides   with the $7,565 resistance area. It stays within a horizontal channel with no clear direction. However, we have lower lows meaning the currency pair forms a kind of an ascending triangle, which is able to burst upwards. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will move towards the closest support area at $7,199 to test it. If successful, sellers will be able to push BTC/USD even lower.

2. Orange scenario (neutral). BTC/USD will move towards the closest support at $7,199 to test this line. However, bears will be unable to penetrate through this area and will retreat as BTC price will go upwards targeting the closest resistance area at $7,565.

3. Green scenario (bullish). Bitcoin will jump over $7,565 and run higher targeting one retracement level, which coincides with the $7,949 resistance area.

Ethereum (ETH/USD) Price Analysis, June 1



Ethereum has added nearly two percent in the past 24 hours. However, the situation currently is still far from being positive as ETH price has difficulties to grow. ETH/USD is above the descending trend line currently meaning buyers have a chance to change the game.



Let’s zoom a bit to the Fibo retracement tool. ETH price shows low volatility today. It is close to the support area at $566.90. ETH/USD has broken through the descending trend line on Wednesday. Ethereum makes attempts to run higher since but still needs more power. What are the possible ways for ETH/USD?

1. Red scenario (bearish). ETH/USD will break through the current support area at $566.90 and move lower targeting the next support area at 3.618 retracement level.

2. Orange scenario (neutral). Ethereum will jump off the current support area at $566.90 and move higher towards the next resistance area at $596.08. ETH/USD will reverse there to move lower (flat fluctuations).

3. Green scenario (bullish). The currency pair will reach $596.08 resistance area and move higher towards $626.66 resistance area, which coincides with 1.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 1



The currency pair added nearly one percent in the past 24 hours. The volatility is low and there are no drivers currently to affect XRP price significantly. However, XRP price is above two descending trend lines (midterm and short-term) meaning chances for the price to rise are higher.



Ripple has reached the resistance area at $0.6216, which coincides with 1.618 retracement level. There were several tests, but bulls were unable to cross this line. The price jumped off $0.6216 again and moves towards the closest support area at $0.5914 in the moment of writing. What are the possible ways for ETH/USD?

1. Red scenario (bearish). Ripple will reach the closest support area at $0.5914 and cross it targeting the next support at 2.618 retracement level.

2. Orange scenario (neutral). The currency pair will jump off the closest support area at $0.5914 and mover higher towards 1.618 retracement level, which coincides with $0.6216 resistance area. There, XRP price will reverse again to run lower (meaning flat channel trading).

3. Green scenario (bullish). The currency pair will reach the closest support area at $0.5914 (or start from the current levels) and then will reverse upwards targeting $0.6216 and the next resistance area at $0.6515.

Take a look at EOS (EOS/USD) and IOTA (IOTA/USD) Price Analysis, June 1 HERE

Crypto Markets in Green, Bitcoin, Altcoins in Correction Mood: Price Analysis, May 30



Bitcoin and other major cryptocurrencies are in correction on Wednesday. Bytecoin is day’s leader

Crypto market is in green on Wednesday. All coins from the top 20 are in correction having positive moods. Is it a complete reverse or just a bullish correction on the eve of an even greater decline?

We don’t think that the crypto industry has changed its mind and reversed with no significant reason. It seems to be a correction as market players are bored of this downside tendency already. They wanted some air to breathe. However, there is one important event that is to be mentioned. South Korea is ready to reverse ICO’s ban. This event is important for the whole industry and is one of the reasons for the current correction.

As for other news, there are no important ones to affect the markets significantly. However, we would like you to pay attention to the following aspects. First, Chinese security Giant 360 has found vulnerabilities in EOS system that lead to possibilities of execution of  arbitrary code on any EOS node. This event had almost no impact on EOS as the cryptocurrency added nearly 10 percent on Tuesday-Wednesday.

Bitcoin (BTC/USD) Price Analysis, May 30




Bitcoin has started a bullish correction finally. BTC price is above the midterm descending trend line. The goals at $6,510 are still actual, but they may be reached after a correction only. However, fundamental factors like ICO’s ban reverse in South Korea may break midterm downside scenario.



Let’s have a closer look at BTC/USD within Fibonacci formation. The currency pair follows the orange scenario in the moment of writing. BTC price has crossed $7,199 area on Tuesday and reached the resistance area at $7,565, which coincides with 1.618 retracement level.

What are the possible ways for Bitcoin in the next 24 hours?

1. Orange scenario. BTC price will jump off the current resistance area at $7,565 and move towards the support area at $7,199. If sellers will be able to break this support area out, there is a possibility of red scenario below $7,199.

2. Green scenario (deeper bullish correction). Bitcoin will cross $7,565 resistance area and move higher targeting one retracement level, which coincides with the next resistance area at $7,949.

We think that Bitcoin is likely to develop its correction on Wednesday.

Ethereum (ETH/USD) Price Analysis, May 30



Ethereum added over seven percent in the past 24 hours as the currency pair has started a bullish correction finally. ETH/USD has crossed the midterm descending trend line and fluctuates above it. The currency pair is still in the downtrend, but this bullish correction may be deeper depending on levels that ETH price will approach and cross.



Let’s get down to Fibonacci and see what perspectives ETH/USD has in the nearest future (in the next 24 hours, to be more exact). The currency pair jumped off 3.618 retracement level on Monday-Tuesday and moved towards 2.618 retracement level, which coincides with $566.90 resistance area.

What are the possible ways for ETH/USD in the next 24 hours?

1.    Red scenario (bearish). The currency pair will end the correction close to the current level and reverses downwards targeting the red midterm descending trend line and 3.618 retracement level (which is the closest support area currently).

2.    Orange scenario (neutral). Ethereum will move towards the closest resistance area at $596.08 and reverse there to reach 2.618 retracement area. This is a neutral scenario as the price will stay within the current range.

3.    Green scenario (bullish correction). Ethereum will reach $596.08 resistance area, cross it and run higher, towards 1.618 retracement level, which coincides with $626.66 resistance area.

Ripple (XRP/USD) Price Analysis, May 30



Ripple has added more than eight percent in the past 24 hours meaning the crypto is in a deeper correction currently. XRP/USD has successfully tested another local descending trend line and fluctuates above in the moment of writing.



Let’s see what is going on the hourly chart within the Fibonacci retracement indicator. XRP price has crossed $0.5914 resistance area and even tested it from the above. Bulls were able to hold their lines and to move XRP/USD even higher towards $0.6216, which coincides with 1.618 retracement level.

That we see now is the attempt to test this level again. Let’s look through the possible ways for XRP/USD:

1.    Red scenario (bearish). XRP/USD will move towards $0.5914 and cross this area targeting 2.618 retracement level. The red scenario is also possible via Orange one (meaning XRP/USD will reach $0.6216 again, jump off it and then fall below $0.5914).

2.    Orange scenario (neutral). Ripple will retest $0.6216 resistance area and reverse downwards targeting $0.5914 support area.

3.    Green scenario (bullish correction). XRP/USD will break through $0.6216 resistance area targeting $0.6515 resistance area, which coincides with one retracement level.

Take a look at EOS (EOS/USD) and Bytecoin (BCN/USD) Price Analysis, May 30

Curious. It is always interesting to read somebody's predictions and compare them with your own. I suppose that this year, Bitcoin can climb the 25K hill.

Bitcoin, Ethereum, Ripple Still Falling, Cardano Surprisingly Grows: Price Analysis, May 29



Bitcoin and other major cryptocurrencies are still looking for support while Cardano surprisingly rises

There is two news today– both bad and good. The bad one is that Bitcoin, Ethereum, Ripple are still going down without any sign of a reversal. The good one is that they have slowed down their downside tendencies. However, no one can say for how long.

Psychologically, the crypto industry is still bearish. There is no a single event to help bulls to break this negative tendency. Bears continue to dig themselves deeper into the ground, establishing new lows almost every day.

As for crypto news, there are some interesting events to mention. The South Korean Bithumb exchange has banned traders from 11 Non-Cooperative Countries and Territories including Iraq, Iran, Bosnia and Herzegovina, Tunisia, Trinidad and Tobago, Vanuatu, Yemen and others. The other interesting event for the cryptocurrency community is that six companies in Japan have opened crypto exchanges on the Tokyo Stock Exchange.

The fundamental outlook, however, is still negative. Hodlers and buyers are still waiting for some good news to come.

Bitcoin (BTC/USD) Price Analysis, May 29



Bitcoin is still going along the red midterm descending trend line and shows no sign of recovery. The currency pair established new lows on Monday meaning sellers still have control over the market. BTC/USD seem to aim at $6,510 in midterm.



Let’s have a closer look at what is going on the hourly chart. BTC price has jumped below the $7,199 support area and is trading there currently. Bitcoin has chosen the red scenario (bearish) on Monday. BTC/USD slides down along the red midterm descending trend line.

Possible paths for Bitcoin are the following:

1.    Red scenario (bearish). BTC/USD will continue to fall without any significant correction or after a correction towards the closest resistance area at $7,199. The closest targets for BTC/USD are 2.618 retracement level and the support area at $6,943.

2.    Orange scenario (neutral). Bitcoin will jump over the closest resistance area at $7,199 and move higher targeting the next resistance area at $7,565, which coincides with 1.618 retracement level. Once those targets are reached, BTC/USD will reverse towards $7,199.

3.    Green scenario (bullish correction). There are still chances that buyers will be able to make a kind of a correction. BTC price will reach $7,565 and move higher targeting the $7,949 resistance area, which coincides with one retracement level.

Ethereum (ETH/USD) Price Analysis, May 29



Ethereum has lost nearly two percent in the past 24 hours, meaning the currency pair slows down its downside tendency. There is a possibility of a bullish correction. However, ETH price still stays below the descending trend line and we have a general downside tendency. Midterm outlooks still negative. The price is able to reach $453.24 support area at least.



Let’s have a closer look at ETH/USD’s hourly chart situation. The currency pair has reached the support area at 3.618 retracement level and has fallen back from there. It seems that Ethereum goes towards the closest resistance area at $566.90, which coincides with 2.618 retracement level.

The possible scenarios for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will fall from the current levels or from $566.90 towards 3.618 retracement level and then lower, towards 4.236 retracement level, which coincides with $473.39 support area.

2. Orange scenario (neutral). This one is similar to a red variation, but ETH price will not break through 3.618 retracement level and jump off it.

3. Green scenario (bullish correction). ETH price will follow the orange scenario until $566.90 resistance area and then will break it through targeting $596.08 resistance area.

Ripple (XRP/USD) Price Analysis, May 29

Ripple has left the midterm descending trend line, but we have drawn another short-term one as the currency pair still follows a downside tendency. XRP/USD has lost over two percent in the past 24 hours. Ripple’s downtrend slows down, but it is still in place meaning bears control the market. Midterm outlook still negative. The currency pair is able to reach $0.5000.



Let’s have a closer look at the hourly chart situation. XRP/USD has reached new lows on Monday and touched $0.5444 support area. The currency pair jumps off this level later and crossed 2.618 retracement level as a part of the bullish correction.

The possible scenarios for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will jump off $0.5914 resistance area and move lower aiming at 2.618 retracement level. The second target for the bears lies at $0.5444 support area.

2. Orange scenario (neutral). XRP/USD will rise towards $0.6216 and reverse towards the current support area at $0.5914.

3. Green scenario (bullish correction). The currency pair will move towards $0.6216 and cross this resistance area aiming the next one, which lies at $0.6515.

Take a look at EOS (EOS/USD) and Cardano (ADA/USD) Price Analysis, May 29

you're welcome!

Good  daily report with an incisive analysis  for each day. I will be working with this site(https://cryptocomes.com/pricewise) to do my analysis and forecast. Thanks for such information.

Bitcoin is not a respecter of no man's words as BTC has totally denied all technical analysis and heading towards whichever direction that it chooses to follow.

What altcoin do you mean is looking good ATM yesterday?
Maybe your basis is Just delayed thats why you think altcoins not affected,checking the altcoins now they are almost dead,and striving to live..

I am hoping that this will stop this weekends because if not,our folio is dead

Bitcoin, Ethereum, Ripple, EOS Start This New Week in Red: Price Analysis, May 28



Red again: cryptos start this week in negative area, establishing new local lows

The cryptocurrency market is still unable to stand up after a shocking knockout. There were some positive attempts on Friday, but the price stood neutral during the weekend and started to decline on Monday. There is still no news to awake cryptos as they continue to slide down their trend lines like snakes.

We have two conferences on the way- Blockchain & Bitcoin Conference Australia as well as Bitcoin meetup. The last to take place in San Francisco, US. Those events may cause some positive changes, but it is still too early to analyze them.

Regardless this general negative scenario that is unfolding now in the crypto market, there is some positive news coming from different regions regarding the expansion of cryptocurrencies into the real economy. Bitcoin is now accepted by Stormy Daniels’ adult website and may be used to pay utility bills in the Czech Republic. As for Ripple, this crypto is now available for Stock app users.

Bitcoin (BTC/USD) Price Analysis, May 28



Bitcoin is still unable to get off the ground as BTC price continues to slide down the trend line establishing new lows. There are no significant losses in the past 24 hours as BTC/USD falls less than two percent.



The currency pair managed to cross the descending trend line on Friday and followed the green scenario. BTC/USD reached 1.618 retracement level, which coincides with $7,565 resistance area. However, later Bitcoin resumed declining and reached the descending trend line. The possible scenarios for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $7,199 and move below it developing downside tendency.

2. Orange scenario (neutral). BTC/USD will jump off the current support area at $7,199 and move upwards targeting the closest resistance area at $7,565, which coincides with 1.618 retracement level.

3. Green scenario (bullish correction). The currency pair will go towards $7,565 resistance area and break it through aiming the next resistance area at $7,949.

We think that neutral scenario has more chances to develop. However, bullish correction towards $7,949 is also possible.

Ethereum (ETH/USD) Price Analysis, May 28



ETH/USD has lost over eight percent in the past 24 hours. It is still below the descending trend line meaning bears dominate the market. There is even not a single sign for future reverse as ETH price is unable to cross this midterm trend line.



Let’s have a closer look at what is happening on the hourly chart within the Fibo retracement. ETH price jumped off 3.618 retracement level several hours ago and seems to start a bullish correction now. ETH/USD followed orange scenario and reached $596.08 resistance area. However, later the price declined towards the support area at $566.90.

The possible scenarios for ETH/USD are the following:

1.    Red scenario (bearish). The currency pair will go towards 3.618 retracement level and break it through.

2.    Orange scenario (neutral). Ethereum will go towards the descending trend line and the closest resistance area at $566.90. Once this area reached, ETH/USD will reverse downwards.

3.    Green scenario (bullish correction). The currency pair will reach 2.618 retracement level and red descending trend line, break the through and go higher aiming at the closest resistance area at $596.08.

The neutral scenario has better chances to develop.

Ripple (XRP/USD) Price Analysis, May 28



Ripple has lost nearly six percent in the past 24 hours. The currency pair is above the descending trend line, but bulls still seem to be unable to change the situation significantly as XRP price continues to slide down.



Let’s have a closer look at the situation on the hourly chart. Ripple followed the orange scenario during the weekend but started this new week with a serious decline. XRP/USD managed to fall towards 2.618 retracement and established a new local low.

Possible scenarios for Ripple are the following:

1.    Red scenario (bearish). Ripple will develop its downside progress targeting new local lows.

2.    Orange scenario (neutral). XRP price will run towards the closest resistance area at $0.5914. XRP/USD is likely to reverse afterwards.

3.    Green scenario (bullish correction). XRP/USD will reach the closest resistance area at $0.5914 and cross it targeting the next 1.618 retracement area, which coincides with $0.6216 resistance area.

The neutral scenario seems to have better chances on Monday.

Take a look at EOS (EOS/USD) and Zcash (ZEC/USD) Price Analysis, May 28

Bears Tired as Bitcoin, Ethereum, Ripple in Green: Price Analysis, May 25



Cryptos breathe fresh air as Bitcoin and altcoins are in green Friday

Sellers seem to lose their momentum as all the “majors” from the top 20 feel much better today. It is still not a complete reversal as negative moods prevail the markets. However, we can see a deeper correction and even a horizontal consolidation is possible.

What is going on within the crypto industry currently? The “majors” are still under the pressure as bulls are hesitating. However, bears seem to be “tired” meaning there is no clear direction currently. The disappointment from Consensus 2018 conference goes away gradually as we have several important meeting on the way including BlockShow Europe, which is to take place in Berlin (Germany) on May 28, 2018 as well as Blockspot Conference Latin America, which will take place in Sao Paolo on the same day.

Technically, bears are still building their downtrend Great Wall and bulls seem to be unable to break it currently.

Ethereum has added nearly four percent in the past 24 hours. Ripple was more modest as this crypto grew by nearly two percent. The first coin had almost no price changes in the past 24 hours.

Bitcoin (BTC/USD) Price analysis, May 25



Bitcoin still holds negative moods in general and BTC price is below the red descending trend line on the hourly chart. BTC/USD went on correction yesterday and reached this trend line. However, buyers are still unable to make a difference. We think that this negative tendency is likely to prevail in general in the next several days.



Let’s have a closer look at what is happening on the hourly chart within the Fibonacci retracement graphic tool. BTC price is still below the red descending mid-term trend line. BTC/USD reached the trend line yesterday within a correction, but bulls were unable to change the situation significantly as Bitcoin goes down for the last several hours. BTC/USD has reached the closest resistance area at $7,565, which coincides with 1.618 retracement level but failed to develop its upside progress.

The possible scenarios for BTC/USD are the following:

1. Orange scenario (bearish). BTC price will develop its current downside tendency without any correction. Bitcoin will likely establish new hourly local lows in this case.

2. Red scenario. (bullish correction). The currency pair is going to reach the red descending midterm trend line and jump off it.

3. Green scenario (deeper bullish correction). Bitcoin will follow the red scenario first. If buyers are successful in breaking through the red descending midterm trend line, they will be able to develop upside progress targeting 1.618 retracement level, which coincides with $7,565 resistance area.

Ethereum (ETH/USD) Price Analysis, May 25



The currency pair is still below the red midterm descending trend line meaning sellers still control the situation. However, bulls are trying to counter-attack and to develop a correction at least. Will sellers’ Great Wall prevent bulls from going higher? ETH/USD has negative moods generally and this scenario seems to be impossible in short and midterm currently.



Let’s see what is happening within the Fibonacci retracement tool. Ethereum is testing the closest resistance area at $596.06. It had a correction on Thursday according to our expectations, but buyers were unable to go higher stopped by the red midterm descending trend line.

The possible scenarios for the currency pair are the following:

1. Green scenario (deeper bullish correction). The currency pair will cross the current resistance area at $596.06 and move higher towards the red descending trend line. If successful, buyers will be able to break through this trend line and to target the closest resistance area at $626.66, which coincides with 1.618 retracement level.

2. Red scenario (bearish). The currency pair will jump off the resistance area at $596.06 and move towards the closest support area at $566.90 coinciding with 2.618 retracement level. If they test this area successfully, sellers will be able to break it though targeting new local lows, established on Wednesday.

3. Orange scenario (neutral). The currency pair will follow the red scenario until the support area at $566.90 but instead of breaking it though, ETH/USD will jump off this horizontal line targeting the resistance area at $596.06.

Ripple (XRP/USD) Price Analysis, May 25



Ripple is one of the few currencies that is currently above the red descending midterm trend line. XRP/USD had a correction started on Wednesday, but it was not a deep one as the currency pair still has negative moods. Midterm tendency is still downside.



Let’s have a closer look at what is happening within the Fibonacci retracement graphic tool. XRP price has reached the closest resistance area at $0.6216 in the past few hours and seems to jump off it as buyers are still unable to break it through. The next possible target for XRP/USD is the closest support area at $0.5914.

The possible scenarios for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will fall to the closest support area at $0.5914 and break through this level aiming the next 2.618 retracement level.

2. Orange scenario (neutral). XRP/USD will follow the red scenario first, but then will jump off the closest support area at $0.5914 and move towards the closest resistance area at $0.6216, which coincides with 1.618 retracement area. Ripple will jump off those lines targeting the support area at $0.5914.

3. Green scenario (bullish correction). XRP price will follow red and orange scenarios first but will break through 1.618 retracement level, which coincides with $0.6216 targeting one retracement level coinciding with $0.6515 resistance area.

Take a look at Litecoin (LTC/USD) and IOTA (MIOTA/USD) Price Analysis, May 25

05/24/18 Bitcoin, Ethereum, Ripple Are Red Again, Zcash Day’s Loser



Bitcoin shows no mercy for buyers and hodlers. Other cryptos follow the same scenario

Nearly six percent down! This is the result of Bitcoin’s fluctuations in the past 24 hours. Ethereum’s losses were even bigger as Buterin’s brainchild declined by nearly nine percent. What is going on with the crypto market and why both traders and investors are unable to change the situation currently?

We think that there are three main reasons for that. The first one is a generally negative mood as cryptocurrencies resemble a snowball now, rolling down a mountain. It becomes bigger and bigger and market players seem to be frustrated as they see no starting point to support coins.

The second reason is as easy as ABC. The South Korean government wants to “get its hands” on traders’ pockets as they want to receive information about those who conduct transactions. The fight between exchanges and the South Korean government is still on and nobody knows who is going to be a winner. Anyway, we don’t think that regulators will retreat. This fact provokes fears among market players and gives bears support.

Finally, the next thing we want your attention to be attracted to is the Consensus 2018 Conference, which results were disappointing. If we take a look at historical data, Consensus helped Bitcoin to add nearly 70 percent during the conference and additional 138 percent two months after the event last year. However, this year the situation was different as Bitcoin went down during the event and seemed to develop this negative tendency several days after the doors of Consensus 2018 were shut down.

Bitcoin (BTC/USD) price analysis 24.05

The currency pair still develops its negative midterm tendency as BTC price is below the red descending trend line. Bulls seem to be smashed down. Buyers attempted to start a correction yesterday, but it was limited by $7,739 resistance area. BTC/USD has crossed 1.618 retracement level later and established local lows. Total losses in the past 24 hours are 6.04 percent.



Let’s take a closer look at what is happening down there. Bitcoin has reached resistance area at $7,739 on Wednesday, but buyers failed to develop this upside correction as BTC price jumped off this area and resumed its downside tendency.

BTC/USD has established new local lows at support area $7,475. Later BTC/USD developed its downside progress and the price reached new local lows.

The possible scenarios for the currency pair are the following:

1.    Bullish correction. BTC/USD will run towards the closest resistance area at $7,475 to test it. If successful, buyers will have an opportunity to develop Bitcoin’s correction targeting 1.618 retracement level.

2.    Bearish scenario. Bitcoin will reach $7,475 and reverse there or will start to decline from current levels towards new local lows.

Ethereum (ETH/USD) Price Analysis 24.05



The currency pair started a correction on Wednesday and almost reached the closest resistance area at $615.51. However, buyers were unable to drive ETH/USD higher as bears regained control over the market. Sellers pushed Ethereum lower towards 2.618 retracement level and managed to jump over it as ETH/USD fluctuates below this line in the moment of writing.

The possible scenarios for ETH/USD are the following:

1. Bearish scenario. ETH price seems to end testing 2.618 retracement level from below and is able to resume its downside tendency in the nearest future. Targets are below the long spike that we had several hours ago.

2. Bullish scenario seems to be unreal at the moment as the market is still under pressure. However, we could give around 10 to 20 percent that ETH/USD would be able to start growing from the current levels.

Ripple (XRP/USD) Price Analysis 24.05



XRP/USD had a bullish correction yesterday but buyers were unable to drive the currency pair over 1.618 retracement level. XRP price declined later towards the red midterm descending trend line, but failed to cross it as well, showing nor bulls neither bears had the power to change the situation.
It is a kind of horizontal channel now that you can use by catching its borders. XRP price is currently close to the resistance area at $0.6073. What are the possible scenarios for XRP/USD in the next several hours?

1. Bullish correction. The currency pair will break through the resistance area at $0.6073 and move towards the closest 1.618 retracement level. If successful, buyers may develop the correction even higher, targeting one retracement level.

2. Bearish scenario. XRP/USD will test 1.618 retracement level and reverse downwards there or start off declining from the current levels targeting 2.618 retracement level.

Check more detailed charts and analysis on ADA/USD and ZEC/USD pairs HERE