Topic: Daily price analysis BTC + ALTCOINS - page 9. (Read 3071 times)

05/23/18 Bulls Frustrated as Bitcoin, Ethereum, Ripple, Litecoin in Red, Bytecoin Day’s Loser



“The majors” suffer significant losses, Bytecoin is the loser of Wednesday

Sellers seem to regain initiative as “the majors” suffer significant losses. Bitcoin has lost nearly five percent in the past 24 hours. The loser of today is Bytecoin, as the cryptocurrency has lost more than 17 percent in the past 24 hours. The fundamental background is neutral, however, some events may push the currencies further downside.

One of the most important news for today is the launch of “Operation Crypto Sweep” in US and Canada, which aims to prevent ICO frauds. The main tool of this operation is education meaning governments are going to provide citizens with information about scams, which may lead investors to losses.

The similar operation is launched in China as well. Beijing was the first to ban ICOs. The local IFCERT (National Internet Financial Risk Analysis Technology Platform) is looking for scams and has uncovered more than 400 ICO frauds already.

As for neutral news, the whole crypto community celebrates a so-called “Bitcoin Pizza Day.” This is a historical date for all BTC users as on May 22, 2010 programmer Laszlo Hanyecz bought two pizzas using Bitcoins.

BTC/USD



The general picture on the hourly chart demonstrates that sellers still have control of the situation. BTC price is close to the midterm descending trend line. BTC/USD is likely to develop its downside progress in the midterm as there are no signs of a global reverse. The currency pair establishes new local lows. The correction towards the higher border of the Fibonacci retracement seems to be ended.



Let’s have a closer look at what is going on within the Fibonacci retracement indicator. Bitcoin price has chosen a bearish scenario and declined below the one retracement level. Bitcoin has lost nearly five percent in the past 24 hours. The currency pair is below the midterm descending trend line meaning sellers have full control over the market.

The possible scenarios for BTC/USD are the following:

1.    Bullish scenario (nearly 60 percent probability). The currency pair will run upwards to test the descending midterm trend line and higher, towards one retracement level, which coincides with the support area at $7,948. If successful, bulls will be able to drive BTC/USD even higher towards the next 0.786 retracement level and the closest resistance area at $8.137.

2.    Bearish scenario (nearly 30 percent probability). The currency pair will resume declining from current level or after testing the red midterm descending trend line. The closest target is the support area at $7,816. The next will be 1.618 retracement level. However, we will have another support area at $7,739 on the way.

3.    Neutral scenario (nearly 10% of probability). There will be no significant changes in price today and BTC price will stay close to the current levels.

The first bullish scenario means a deeper correction that is likely to happen as Bitcoin has suffered significant losses in the past 24 hours.

ETH/USD



Ethereum has lost over ten percent in the past 24 hours. The currency pair holds bearish moods in midterm as ETH price is below the midterm descending trend line (red). There was an upside correction, but ETH/USD seems to resume its downtrend as the currency pair establishes new local lows.



Let’s have a closer look at the situation within the Fibonacci retracement indicator. The currency pair has chosen the bearish scenario on Tuesday and ETH price declined below the red descending midterm trend line and below the one retracement level. ETH/USD has tested the trend line from below but failed to break it through and jumped off it.

The possible scenarios for ETH/USD are the following:

1. Bullish scenario (nearly 60% probability). The currency pair will go towards the closest one retracement level to test it. If successful, buyers will be able to drive ETH/USD towards the descending midterm trend line, which is not far from the closest resistance area at $641.43. The next resistance level will be at $664.59.
2. Bearish scenario (nearly 30% probability). The currency pair will resume its decline from current levels or the 1.618 retracement level. The closest support to break is $615.51.
3. Neutral scenario (nearly 10% probability). The currency pair will stay here without significant price changes.
The bullish scenario means a deeper correction to the general downside tendency that may be seen on the hourly chart. We think that this general downside tendency is likely to progress in the nearest future.

XRP/USD



Ripple seems to resume its downside tendency as the currency pair is close to the red midterm descending trend line. XRP/USD has lost nearly nine percent in the past 24 hours. The currency pair has ended its upside correction as it touched $0.7022 resistance area and is likely to develop its downside progress in the nearest future.



Let’s have a closer look at what is going on within the Fibonacci retracement. The currency pair has broken through one retracement level, which coincides with $0.6504 support area. It is currently testing the red midterm descending trend line from above as well as the support area at $0.6073. We are close to the 1.618 retracement level as well.

The possible scenarios for XRP/USD are the following:

1.    Bullish scenario (nearly 60% probability). The currency pair will jump over 1.618 retracement level and move higher towards the next resistance, which is at $0.6504. Here lies the initial point one of the Fibo retracement.

2.    Bearish scenario (nearly 30% probability). The currency pair will resume its downside tendency from the current level and will test the closest support area at $0.6073 as well as the red descending trend line.

3.    Neutral scenario (nearly 10% probability). Ripple will stay here without significant price changes.

The bullish scenario means a deeper correction to the global midterm downside tendency which is still actual.

Check more details on LTC/USD and BCN/USD pairs HERE

05/22/18 Bitcoin, Ethereum, Ripple, Litecoin Bearish, Lisk Smashed Down



“The main four” feels negative today as BTC/USD, ETH/USD, XRP/USD and LTC/USD lose nearly 2-4%

The currency pairs are red as top 20 cryptos have bearish moods today. The main loser for today is Lisk, which has lost nearly eight percent in the past 24 hours. The fundamental background is neutral as there is no events to influence the quotes significantly. However, general bearish moods may be explained by the investors disappointment with the results of Consensus 2018 Conference.

BTC/USD



Bitcoin has lost nearly three percent in the past 24 hours. The currency pair, in general, seems to hold its downside tendency despite the fact that it demonstrates signs of a deep correction currently. We have redrawn the red descending midterm trend line as the situation changes all the time.

Let’s have a look at the situation within the Fibo retracement formation.



BTC price jumped off $8,559 area (resistance) and moved lower, breaking through several Fibo and support levels. The ascending green trendline was crossed without any difficulties meaning bulls had no power to hold this upside tendency.

BTC/USD continues to fall as it has broken through the next support area at $8,380 and approached the closest support area at $8,184.

The possible scenarios for Bitcoin are the following:

1. BTC price will develop its downside progress and reach the support area at $8,184. It coincides with the Fibonacci retracement 0.618 level. If sellers successfully test this support, Bitcoin price will likely to fall even deeper towards the next retracement level (0.786).

2. Bitcoin will start to grow from the current level or from the closest support area at $8,184 targeting the closest 0.5 retracement level. If buyers are successful, they will have a chance to drive the currency pair even higher, towards the next 0.382 retracement level at least. The next resistance target is at the $8,380 area.

3. There will be no significant changes in price and BTC/USD will stay close to the current levels.

ETH/USD



Ethereum still holds bearish moods in the midterm. ETH/USD has lost nearly four percent in the past 24 hours. ETH price is above the midterm red descending trend line, but is not far from it. ETH/USD seems to have a deeper correction to the global midterm downside tendency. Ethereum price will fall even deeper this correction will be confirmed.



Let’s have a closer look at what is happening within the Fibonacci retracement indicator. ETH price is close to 0.5 retracement level currently. It has broken through several retracements and important levels including the green ascending trend line as buyers had no power to hold the uptrend. Ethereum price has also crossed two levels- $715.92 and $696.74. ETH/USD fluctuates close to the 0.5 retracement level in the moment of writing.

The possible scenarios for ETH/USD are the following:

1. Ethereum will jump off the 0.5 retracement level and run towards the closest retracement support at 0.618. If successful, sellers will have an opportunity to push ETH/USD even deeper towards the closest support area at $677.06. In the event that they are able to break through this level, sellers will likely to push the currency pair towards $660.85 support area, which coincides with one retracement level.

2. ETH price will jump over 0.5 retracement level and run towards the next closest resistance area at $696.74. If successful there, bulls will have an opportunity to drive ETH/USD further upside towards 0.236 retracement area.

3. The currency pair will fluctuate close to the current levels without significant changes.

XRP/USD



The currency pair has lost nearly three percent in the past 24 hours. It seems that XRP/USD has ended its midterm downside tendency as it fluctuates with no clear direction currently. Ripple has left the red descending trend line and the green ascending one. XRP price seems to stay within a horizontal channel in the moment of writing.



Let’s see closer what is happening inside the Fibonacci retracement. XRP price is close to 0.618 retracement in the moment of writing and seems to jump off this level. The closest support area is at $0.6608. Ripple has broken the support area at $0.6914 and several retracement levels since it has ended is upside correction to the bigger midterm downtrend.

The possible scenarios for XRP/USD are the following:

1. The currency pair will run towards the closest support area at $0.6608, which coincides with 0.768 Fibonacci retracement level and test those areas. If successful, bears will be able to push XRP/USD even lower, towards the next retracement level at least. The next closest support is at $0.6428.

2. Ripple will run towards the 0.618 retracement level again. This one will be tested and if successful, bulls will have an opportunity to drive XRP/USD even higher towards 0.5 and 0.382 retracements. The closest resistance level lies at $0.6914 and coincides with 0.236 retracement area.

3. There will be no significant price changes in the nearest future and the currency pair will stay close to the current levels.

Check more details on LTC/USD and LSK/USD pairs HERE

05/21/18 Cardano, Neo Lead, BTC, BCH in Green, Zcash Losing Positions



ADA/USD and NEO/USD are the winners of the day. Zcash is losing its position

Crypto traders seem to be optimistic in the beginning of a new week as the majority top 20 coins is within the green area on Monday except Zcash, which loses momentum currently. Fundamental background is neutral as there is no important news, which is able to increase volatility or establish any tendency.

BTC/USD



The currency pair took off the red local descending trend line on Friday and went upwards. Bitcoin has broken through the Ichimoku cloud and managed to move even higher. We have drawn a green ascending trend line which support the uptrend currently. BTC/USD has double tested the resistance area at $8,526 but still fluctuates below this level. BTC price is far from the Ichimoku cloud meaning bulls are controlling the market. Bitcoin added 2.49 percent in the past 24 hours.

The possible scenarios for the currency pair are the following:

1. BTC/USD will test the resistance area at $8,526 again and if successful, bulls will drive the currency pair even higher above this level. The next resistance area lies at $8,715 area.

2. Bitcoin will decline towards the green ascending trend line. If bears are successful, BTC/USD will develop its downside progress towards the support area at $8,369. Otherwise, BTC price will jump off this trend line and move towards the resistance area at $8,526.

3. The currency pair will stay here, fluctuating around the current resistance area at $8,526.



As for the daily timeframe, BTC/USD jumps into the Ichimoku cloud again meaning the situation remains unclear. Nor bulls neither bears are ready to take control over the market.

LTC/USD



Litecoin has added its modest 0.77 percent in the past 24 hours. However, as for the situation in general, LTC/USD seems to be more optimistic than on Friday as LTC price is above the red descending trend line and moves along the green ascending trend line. Currently, LTC/USD tests this line and has an opportunity to move below it towards the Ichimoku cloud.

The possible scenarios for LTC/USD are the following:

1. Litecoin will develop its downside progress and reach the Ichimoku cloud. LTC price will likely break it through as the indicator is thin here. LTC/USD will reach the next support area at $134.36 in this case and will test this level.

2. The currency pair will return above the green ascending trend line and go even higher towards the closest resistance area at $138,35 to test it.

3. Litecoin will stay here without significant changes.



The currency pair is below the Ichimoku cloud on the daily timeframe. However, LTC price tests the lower border of the indicator. Nor bulls neither bears are in control over the market currently.

ETH/USD



Ethereum follows the other allies as the price moves along the green ascending trend line. The cryptocurrency has added 0.61 percent in the past 24 hours. ETH/USD jumped off the red descending trend line on Friday and shows bullish moods since. The currency pair is far above the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for the currency pair are the following:

1. ETH/USD will develop its local downside tendency towards the higher border of the Ichimoku cloud to test it. Bears will have an opportunity to test the closest support area at $696.07 if successful.

2. Ethereum will reverse and jump over the green ascending trend line on the Hourly chart. Buyers will drive the currency pair even higher towards the closest resistance area at $731.22 in this case.

3. There will be no significant changes and the currency pair will stay close to the current levels.



As for the daily chart, there are no significant events to discuss here. However, ETH price remains above the Ichimoku cloud meaning buyers are dominating the market.

XRP/USD



Ripple has added nearly two percent in the past 24 hours and seems to be optimistic in the beginning of a new week XRP/USD jumped over the red descending trend line on Friday and started to move along a new ascending trend line aspiring to develop an upside tendency. XRP price is far above the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for XRP/USD are the following:

1. The currency pair will break through the green ascending trend line and move towards the higher border of the Ichimoku cloud. Once bears are successful in crossing it, they will be given a chance to develop their progress targeting the closest support area at $0.6631.

2. XRP/USD will jump off the green ascending trend line and go higher. The closest resistance area is close to the price’s current position and it will likely be crossed with no difficulties. The next target will be at the next resistance area at $0.7094.

3. Ripple will stay close to the current levels with no significant changes.



As for the daily chart, XRP/USD goes under the Ichimoku cloud, but there is no clear med term tendency currently.

Check more details on ZEC/USD, ADA/USD and NEO/USD pairs HERE

05/18/18 IOTA, DASH Biggest Losers of Day As Bitcoin Price Sinks Under $8,000



Cryptocurrency market suffered losses, the greatest losers are IOTA and DASH; BTC dips below $8,000

The top 20 cryptos are within the red area today. The losers of the day are IOTA and Dash as they have declined by 7.62 percent and 7.12 percent consequently. The others demonstrate negative tendencies as well. As for the fundamental background, it remains neutral.

There are some interesting news, that may attract investors’ attention. South Korean Customs Service is going to apply a Blockchain system to check all kind of shipments. This software is under testing currently. In order to develop the system, South Korean Customer Service has employed companies from Singapore and Vietnam.

Another important news comes from Bitfinex. They have announced that users will be required to provide their tax information. The received data will be transferred to British Virgin Islands.

The problem here is that this statistics may become available for clients’ country’s tax authorities later.

BTC/USD



Bitcoin established new local lows on the Hourly chart yesterday. However, bears were unable to develop their progress as a correction started from the support area at $7,941.

BTC price has tested this area twice and jump off it, aiming the closes resistance area at $8,128. BTC/USD stays here currently and tests this level from below. Bitcoin price is far below the Ichimoku cloud meaning bears are domination the market.

We have drawn a local descending trend line, which prevents Bitcoin from moving higher in the moment of writing. The currency pair has lost 1.98 percent in the past 24 hours.

The possible scenarios for the currency pair are the following:

1. Bitcoin will break through the resistance area at $8,128 and continue to grow towards the next resistance area at $8,366. However, bulls will have to enter the Ichimoku cloud in order to reach the next goals.

2. BTC/USD will jump off the current resistance area at $8,128. The currency pair will likely to decline towards the next support area at $7,941.

3. The currency pair will stay close to the current level without significant changes.



Bitcoin has almost left the Ichimoku cloud on the daily chart but there is no momentum meaning it will test the indicator again. The situation remains unclear as there are no signs of any tendency currently.

LTC/USD



The currency pair declined yesterday and reached new lows. Litecoin jumped off the support area at $129.41 and went towards the next resistance, which resides at $134.34.

However, LTC/USD failed to reach it. Litecoin is still trying to move higher, but it seems like bears are on guard currently preventing bulls from driving the currency pair higher.

Litecoin has lost 3.87% in the past 24 hours. LTC price is far below the Ichimoku cloud meaning bears are controlling the market.

The possible scenarios for LTC/USD are the following:

1. LTC price will reach the next resistance area at $134.34 and to test it. There is a high probability that Litecoin will meet the descending local trend line (red) there. If successful, bulls will be able to drive LTC/USD even higher, above those lines.

2. Litecoin will move towards the closest support area at $129.41 in order to test it. If successful, bears will push the currency pair even lower.

3. There will be no significant changes and LTC price will stay close to the current levels.



Litecoin has left the Ichimoku cloud on the Daily chart but there is no momentum and the currency pair seems to test the lower border of the Ichimoku cloud in the nearest future.

ETH/USD



The currency pair declined yesterday and reached the support area at $663.14. Ethereum jumped off this level and started to grow today. TETH price is somewhere in the middle between two levels currently.

We have drawn a local descending trend line (red), which prevents ETH/USD from moving higher. Ethereum price is below the Ichimoku cloud meaning bears are in control of the market. Ethereum has lost 2.72 percent in the last 24 hours.

The possible scenarios for ETH/USD are the following:

1. The currency pair will reach the local descending trend line and test it. If successful, buyers will be able to develop the progress and to reach the next resistance area at $695.52.

2. Ethereum will reverse towards the closest support area at $663.14. The bears will try to cross the level and to push ETH/USD lower.

3. There will be no significant changes in the next several hours.



Ethereum still fluctuates above the Ichimoku clouds as bulls control the situation. There is no midterm trend currently as the price stays within a narrow horizontal channel.

ZEC/USD



The currency pair reached the support area at $306.71 during the Asian session. Zcash jumped off it later and moved higher. The currency pair has broken through the next resistance area at $325.54 and managed to develop its progress.

Bulls seem to drive ZEC/USD towards the next resistance area at $366.51, but there is an obstacle on their way as the price is still below the lower border of the Ichimoku cloud. Zcash declined 1.90 percent in the last 24 hours.

The possible scenarios for ZEC/USD are the following:

1. Zcash will cross the Ichimoku could and reach the next resistance area at $366.51. There is the local ascending trend line close to that area and ZEC/USD is able to reach it in this case. If the price jump over this line, Zcash will restore the uptrend on the hourly chart.

2. ZEC/USD will jump off the lower border of the Ichimoku cloud and move towards the closest support area at $325.54.

3. ZEC price will stay close to the current levels without significant changes.



Zcash jumped off the support area and the higher border of the Ichimoku cloud on the daily chart. However, the midterm situation still remains unclear.

Check more details on IOT/USD, XRP/USD and DASH/USD pairs HERE

Sure, let's stay optimistic

You can see that bitocin prices in recent days are constantly falling sharply, now reaching the $ 7900 level and as I see, after this milestone bitcoin price will rise again. That's why you can start to buy bitcoin and goo altcoin at this time. Make the plan as accurate and follow the discipline as you plan it. I am sure you will succeed.

Sounds really good if so!

The market has been hinting at recuperation over the most recent couple of days, and you have seen that bitcoin and altcoin costs have been expanding relentlessly lately and are hinting at change. As indicated by my investigation, the bitcoin cost will presumably proceed to rise and reach $ 11000 in the coming days.

05/17/18 EOS and Tron Are Leaders, Bitcoin, Ethereum in Green Area



EOS and TRON are the winners of the day, Bitcoin, Ethereum, Zcash also look positive as they mostly grow

The top 20 looks much better today as almost all cryptos are within the green area. The leaders of the day are EOS and Tron as they have added nearly seven percent for the past 24 hours. Bitcoin and Ethereum have added 0.53 percent and 1.33 percent consequently. The general atmosphere seems to be positive today as almost all coins are in the green.

As for the fundamental background, it is neutral today. Several interesting events may attract traders’ and investors’ interest. The Consensus 2018 Conference is still holding. Kraken’s co-founder Jesse Powell said that they are going to register with the SEC (US market’s watchdog). He stated that Kraken is going to receive a license as a broker-dealer.

Another event to pay attention to is the ongoing debate around cryptocurrencies’ status in the Russian Federation. The appropriate law was introduced to parliament a month ago. However, local media suggests that there will be no crypto legalization. The main goal of the bill is to establish a legal basis for digital transactions and rights.

BTC/USD



Bitcoin has tested the support area at $8,128 yesterday again and jumped off the level. BTC price went towards the resistance area at $8,365 and tested it. There were several attempts to break it through and to move higher. BTC/USD has even tested the lower border of the Ichimoku cloud but failed to penetrate inside the formation.

Bitcoin stays below the $8,365 resistance area currently and seems to aim the support area at $8,128. The possible scenarios for BTC/USD are the following:

1. The currency pair will reach the support area at $8,128 and will test it. BTC/USD will develop its downside progress or jump off this area, depending on the results of testing.

2. BTC/USD will start to grow from current levels and reach the resistance area at $8,365. BTC price will jump over the resistance area and develop its upside tendency or will jump off this level and reverse.

3. Bitcoin is also able to stay without significant changes close to the current levels.



As for the daily chart, there are no significant changes in the situation as BTC/USD still stays within the Ichimoku cloud.

ETH/USD



Ethereum is above the support area at $695 and is testing the lower border of the Ichimoku cloud currently. ETH/USD fluctuated below this area yesterday, but bulls have managed to cross it. ETH price established new local highs there, but refused to go higher and went to test the support area at $695.

The possible scenarios for the currency pair are the following:

1. Ethereum will break through the Ichimoku cloud aiming at the closest resistance area at $730. However, bulls will have an obstacle on their way meaning they have to overcome the higher border of the Ichimoku cloud in order to reach their next goals.

2. EHT/USD will test the support area at $695 and jump over it. Bears will have an opportunity to push the currency pair even lower, towards the next support area at $663.

3. ETH price will stay without significant changes close to the current levels.



As for the daily chart, Ethereum stays above the Ichimoku cloud, meaning bulls are still in control of the situation. However, there is no local tendency here as ETH price establishes new highs or lows.

EOS/USD



EOS is one of today’s leaders as it added nearly seven percent for the past 24 hours. The currency pair started from the support area at $11.98 and went sharply upwards, breaking through the resistance and the Ichimoku cloud. However, after a strong local upside tendency, EOS/USD seems to have a pretty deep correction. The currency pair is testing the higher border of the Ichimoku cloud, which coincides with the current support area at $13.05.

The possible scenarios for EOS are the following:

1. The currency pair will jump off the support area at $13.05 and go towards the next resistance area at $14.23. There, EOS price is able to both break through the level of jump off the resistance line depending on the results of testing.

2. EOS/USD will break through the support area and start to decline towards the next support area at $11.98. There is one obstacle on the way in this case– the lower border of the Ichimoku cloud.

3. EOS price will stay close to the current level ($13.05) without any significant changes.



As for the daily chart, EOS stays within the range, limited between the two levels- $11.71 and $16.23. EOS price is close to the Ichimoku cloud. However, the formation is thin here and do not play a significant role as an indicator.

TRON/USD



Tron is another leader for today as it adds about seven percent for the past 24 hours. The currency pair started from the support area at $0.063 yesterday and managed to cross the resistance area at $0.068 and the Ichimoku cloud. Tron price has almost reached the next resistance area at $0.074, but bulls were unable to drive TRON/USD there and retreated. Tron is currently testing the support area at $0.063 and the higher border of the Ichimoku cloud with is close to the current levels.

The possible scenarios for the currency pair are the following:

1. TRON/USD will jump off this support area at $0.068 and go towards the next resistance area at $0.074. There everything will depend on the results of testing.

2. The currency pair will break through the support line here and start to decline towards the next support area at $0.063. However, bears will have to cross the Ichimoku cloud in order to reach their targets.

3. Tron will stay close to the current levels without significant changes and with low volatility.



As for the daily chart, Tron fluctuates inside a horizontal channel, formed by two levels- $0.070 as resistance and $0.055 as a support area. Tron price is not far from the Ichimoku cloud and is likely to meet it in a couple of weeks or even earlier.

Check more details on ZEC/USD, XRP/USD and LTC/USD pairs HERE

05/16/18 Zcash Leader of the Day, Other Cryptos Lose Momentum



Zcash is up, Bitcoin, Ethereum hang on while Bytecoin, Bitcoin Cash, Stellar, NEO drop

Cryptocurrencies from Top 20 market capitalization show negative dynamics as a whole except Zcash, who is the true winner in the past 48 hours.

Zcash will be listed at Gemini exchange (the brainchild of twin Winklevoss) as the company received the appropriate approval from NYSDFS. The cryptocurrency surged significantly following this event on Monday. Gemini became the first exchange to accept Zcash as an asset for trading.

Winklevoss brothers think that Zcash is promising due to its privacy, which is the main advantage of the cryptocurrency as compared to Bitcoin. ZEC/USD’s price increased by 47 percent on Monday. The cryptocurrency still develops its progress as it added another 2.34 percent in the moment of writing.

Meanwhile, all top 20 cryptocurrencies declined. Bitcoin has lost 5.65 percent in the past 24 hours. Ethereum suffered almost the same losses as the price declined 5.22 percent in the same period. Bytecoin is the loser of the day as it declined for 11.71 percent in the past 24 hours.

The general fundamental background seems to be positive as police found nothing wrong during its investigation at Upbit exchange. It should be reminded that South Korean police had a raid at Upbit headquarters last week. This event resulted in a sharp decline of nearly $50 mln in market capitalization as investors had fears about the exchange’s activities.

The most important event currently is the Consensus 2018 Conference, which attracted not only Blockchain experts and adopters, but also some officials including the Head of St.Louis Federal Reserve James Bullard. The Conference has not been without sensations as Vitalik Buterin refused to participate there.

Those events seem to have no significant influence on fluctuations currently. However, they may affect prices later.

ZEC/USD



Zcash has reached its all-time highs on Tuesday as ZEC price almost touched the 390 level. Then, we had a correction towards the support area at 325. The volatility is still very high as many market participants are interested in this coin.

Technically, ZEC price is testing the resistance area at 366 in the moment of writing this review. Depending on the results, ZEC/USD may have the following possible scenarios:

1. ZEC price will break through the resistance line and go higher, establishing new all-time highs.

2. Zcash will start to decline towards the support area at 325. However, there are two obstacles on the way – the Ichimoku cloud’s higher border and the ascending trend line.

3. ZEC/USD will stay at the same levels without significant fluctuations.



As for the daily chart, ZEC/USD looks pretty good there as ZEC price has left the Ichimoku cloud with momentum and continues to rally. Zcash is above the ascending trend line but may correct towards it in the nearest future.

BTC/USD



Bitcoin jumped off its newly established support area at 8,130 and tested the resistance area at 8,366. BTC price is above the level at the moment of writing, but it is early to say whether BTC/USD has already crossed this level or not. There are no candlestick signals currently. Bitcoin price is far from the Ichimoku cloud but makes attempts to meet the indicator in the nearest future.

The possible scenarios for BTC/USD are the following:

1. Bitcoin will cross this $8,366 area and move further upwards to the next resistance area, which lies at $8,527.

2. BTC/USD will decline from the current 8,366 level towards the newly established local lows at $8,130.

3. The currency pair will stay close to the current level without significant changes.



Bitcoin stays within the Ichimoku cloud on the Daily chart. BTC price has almost reached the lower border of the formation and seems to have chances to change the direction.

ETH/USD



Ethereum crossed the support area at 695 today, but its further decline was limited as the price managed to make a half distance to the next support area and reversed. ETH/USD crossed the 695 resistance area from below and jumped over the line, developing progress. Ethereum is close to the lower border of the Ichimoku cloud and it seems like bulls want to test it and to go higher.

The possible scenarios for the currency pair are the following:

1. ETH/USD will break through the lower border of the Ichimoku cloud and move higher, towards its upper side, then test it and move towards the resistance level at 730.

2. Ethereum will decline towards the support area at 695 to test it. If successful, bears will have a chance to develop their progress towards the next support area at 663.

3. The currency pair will have no significant fluctuations and will stay close to the current levels.



ETH/USD is fluctuating above the Ichimoku cloud meaning bulls are still in control of the situation on the Daily chart. However, Ethereum stays below the ascending trend line.

BCN/USD



Bytecoin is a true “loser” of the day from the top 20 as it declined 11.71 percent in the past 24 hours. Nevertheless, bulls seem to take the initiative in their hands as the managed to move BCN/USD higher and the currency pair is above the descending local trend line currently.

Bytecoin is above the support area at 0,0100. BCN price is below the Ichimoku cloud as well. The possible scenarios for BCN/USD are the following:

1. The currency pair will develop its progress until the next resistance area at 0.0111 where the resistance line coincides with the lower border of the Ichimoku cloud. If bulls are able to cross them both, BCN/USD will have a chance to go towards the next resistance area at 0.0124.

2. Bytecoin will reach the next resistance level at 0.0111 and jump off it (or start to decline from the current levels). The next support area is 0.0100. The currency pair will meet the descending trend line there.

3. Bytecoin will stay close to the current levels with no significant fluctuations.



Bytecoin is above the ascending trend line as bulls are still in control of the situation. However, BCN/USD arouse the suspicions as its fluctuations currently are similar to “Pump&Dump” strategy.

Check more details on BCH/USD, XLM/USD and NEO/USD pairs HERE

05/15/18 Bitcoin, Litecoin, Monero, NEO Prepare For Significant Moves as Bears Try Holding Prices Down



Cryptocurrencies are consolidating as significant fluctuations expected

The situation remains unchanged since our last review as the currency pairs’ volatility is low. BTC/USD, LTC/USD, XMR/USD, NEO/USD restored yesterday but failed to develop their progress as bears still make attempts to hold the price and to push it down.

BTC/USD



Bitcoin demonstrated no significant fluctuations during the late American and Asian session. The currency pair jumped above the local ascending trend line within the American session and tested it later. Here lies the support area at $8,695 which also holds BTC/USD from declining below.

Bitcoin reached the resistance area at $8,890 during the late US-Asian session. However, the Bitcoin price retreated sharply meaning bulls have not enough power to develop their progress.

The currency pair is higher the Ichimoku cloud meaning bulls have the initiative in the moment of writing this review. There are no candlestick signals currently and it is better to wait for them in order to take further actions.

Possible scenarios for BTC/USD are the following:

1. Bitcoin will try to jump off the ascending trend line and the support area at 8,695 targeting the next resistance area 8,890, which the cryptocurrency reached during the late American session. There may be another test.

2. BTC/USD will cross the support area at 8,695 and fall towards the higher border of the Ichimoku cloud. The next target, in this case, will be the support area at 8,528. However, the Ichimoku cloud may be an obstacle on the way.

3. The next scenario is neutral meaning there will be no significant fluctuations. And BTC price will stay close to current levels or move along the local ascending trend line without leaving it.



BTC/USD still remains inside the Ichimoku cloud and goes towards the upper border of the formation. It seems like the situation is going to change in the nearest future. If Bitcoin leaves the Ichimoku cloud from above, there may be a sharp upside momentum.

LTC/USD



Litecoin went above the ascending shorterm trend line during the late American-Asian session but failed to develop its progress. LTC price almost reached the resistance area at 153 level but then we have seen a Shooting Star reverse candlestick pattern. Litecoin returned to 146 support area where it fluctuated until the moment of writing this review.

Litecoin price is above the Ichimoku cloud meaning bulls have initiative currently. There is no candlestick pattern at the moment.

Possible scenarios for LTC/USD are the following:

1. LTC price will target the resistance area at 153 and reach it. Then, LTC/USD will test it and further progress will depend on the results of those actions.

2. Litecoin will jump off the resistance area at 146 (where it fluctuates currently) and fall towards the support area at 138. However, there is the Ichimoku cloud on the way, which may prevent bears from pushing LTC/USD lower.

3. LTC price remains close to the current levels or move slowly around the local ascending trend line.



As for the daily chart, the situation is the same as yesterday. Litecoin price remains within the Ichimoku cloud. But it jumped off the lower side of the formation meaning there are chances for bulls to drive it towards the upper border of the Ichimoku could at least.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

05/14/18 Bullish Hopes Are Broken Again As Bitcoin, Litecoin, Monero And NEO Decline on Monday



Weekend bullish scenario seems to end up as the currency pairs move downwards

Bullish scenario progressed on weekend after a true fiasco on Friday as all the reviewed currency pairs declined significantly, establishing new local lows.

However, the situation has changed on Saturday as all the reviewed currency pairs were able to move higher and to form a kind of an uptrend. On Monday we see the contrary picture as all the allies go downwards, breaking levels and trend lines. It seems like bears want to remind bulls who is in control of the markets currently.

BTC/USD



Bitcoin has broken through the short term descending trend line on Friday and retested it later. Then BTC/USD jumped off this trend line and started to grow slowly with wide range fluctuations allowing to earn both bulls and bears.

We have drawn an ascending trading line, which supported the price during the weekend. The currency pair entered the Ichimoku cloud on Sunday and even reached its upper border. Bitcoin has tested it and the resistance level at 8 694.

Later, bears have taken control again and pushed the currency pair lower for another correction. Bitcoin has tested the ascending trend line and crossed it meaning the end of this short-term upside tendency. It has also broken through the support line at 8,528 area.

The currency pair has reached the next support line at 8,372 are in the moment of writing. Bears make attempts to cross it. There are two scenarios here. The first one means BTC price will jump off this 8,372 support line area and reverses towards the resistance area at 8 528. However, bulls will have to deal with another obstacle- the lower border of the Ichimoku cloud. If successful, they will be able to test the resistance.

The other scenario for Bitcoin is the breakout of the current support area at 8,372 with the development of local downtrend.



Let’s have a look at the daily chart. Here the situation remains unchanged as the price stays still within the Ichimoku cloud in the middle of the formation. Bulls were trying to counterattack but in the moment of writing the candlestick bearish. It is better to wait until it forms to make any conclusions.

LTC/USD



Litecoin follows Bitcoin as the price has crossed the descending trend line on Saturday and then went slightly upwards along a new local ascending trend line that we have drawn recently. LTC/USD managed to cross the upper border of the Ichimoku cloud unlike Bitcoin but then started to decline.

Litecoin has broken through the ascending trend line recently and is testing the support area at 138. Litecoin price shifted even lower this line but returned above later meaning the breakout was false. LTC price resides below the Ichimoku cloud as bears control the market for the moment.

There are two possible scenarios here. Litecoin will reject the support area and go through the Ichimoku cloud (which is thin here) to test the local ascending trend line from below and then to reach the resistance area at 147.

If LTC/USD fails to jump off the support area, it is able to develop the downtrend towards Friday’s lows and the midterm descending trend line.



As for the daily chart, Litecoin has reached the lower border of the Ichimoku cloud and jumped off it meaning there is an opportunity for bulls to gain initiative. However, it is better to wait until today’s candlestick forms as it is bearish now.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

05/11/18 Bears Regained Crypto Markets Control, Midterm Outlook for Bitcoin, Litecoin, Monero, NEO Negative


Bitcoin, Litecoin, Monero and NEO have reached new lows during the US and Asian sessions

BTC/USD, LTC/USD, XMR/USD, NEO/USD declined sharply yesterday meaning the end of a deep correction, started Thursday. Bears established new lows confirming they are still in the game and have total control over the markets.

There are signs of a short-term correction that is likely to start within the next couple of hours. However, the midterm outlook is negative as almost all of the reviewed currency pairs stay below their midterm descending trend lines.

The currency pairs may fall even deeper after this correction. We advise looking for clear candlestick signals in order to take meaningful decisions.

BTC/USD



The currency pair started to fall during the American and continued the downside tendency within the Asian session. There was a Flag pattern in the middle of this short-term downtrend. Bitcoin is currently close to the support line (8,886 area) and the descending trendline testing both of them.

Bears had no difficulties to cross the Ichimoku cloud during the US session with a long body candlestick. Bitcoin price is far from the formation currently signaling temporary changes in moods.

There was a reversal signal a couple of bars ago (reversed Hammer). Bulls are able to start a correction at least. The closest target for it is the resistance line at 9,035 area. BTC price can reach this level in a couple of hours.

Another scenario for Bitcoin is to develop its downside tendency. Bears will break the ascending scenario in this case as BTC  price will fall below the descending trend line.



The situation is still unclear on the daily chart as BTC price has entered the Ichimoku cloud opening an opportunity for bears to push Bitcoin even further towards the lower border of the Ichimoku cloud at midterm.

LTC/USD



There was a bad day for Litecoin bulls as well as LTC/USD started to decline during the American session and developed the local downtrend during the Asian session. LTC price crossed the lower border of the Ichimoku cloud, the support line, residing at 154.14 area, and the descending trend line, confirming the temporary change of trend.

The situation is intriguing currently as LTC/USD is likely to start a correction (we have a Hammer candlestick pattern) and to test the descending trend line from below. If bulls succeed, they have an opportunity to regain initiative and to test the closest resistance line at 154.14 area. If they fail to cross the descending trend line, LTC price will probably fall below the support line at 146.29 area.

Cryptocurrency is far from the Ichimoku cloud now signaling bears are dominating the market for the moment. If LTC/USD stays below the descending trend line, the currency pair will confirm its midterm downside tendency.



The currency pair still stays within the Ichimoku cloud on the daily chart and seems to aim the lower border of the formation at midterm. There are no clear signals currently and we advise to midterm and long-term traders to wait until the price finds support and demonstrates any signal in order to open positions.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

I believe that at the moment you should trade altcoin, can see that the price of bitcoin in today are showing signs of sideways after recovering to $ 9300 level. I think that with a market that is fluctuating constantly and it is difficult to predict the current time, trading day by day is the safest and least risky. Make a trade plan that will maximize your profits and risk your business.

05/10/18 Crypto Bulls Launch Counterattack, BTC, LTC, XMR, NEO Change Tendency


Cryptocurrencies finally seem to change their mood, offering buyers the opportunity to take initiative

BTC/USD, LTC/USD, XMR/USD, NEO/USD have managed to make significant upside movements during the American and Asian trading sessions. Bulls seem to take control over the market. Midterm downside tendencies were broken as Bitcoin, Litecoin, Monero and NEO prices are rising above the descending trend lines. The situation looks promising for the buyers and they can develop their success in the next several hours.

BTC/USD



Bitcoin has started a correction yesterday, which is looking like a complete reversal. BTC price is now above the descending trend line, alerting traders to the possibility of significant short and midterm changes. BTC/USD has entered the Ichimoku cloud during the American and Asian sessions. It is still there and is testing the upper boundary of the formation.

As we can see, there was one Shooting Star during the Asian session, which led the currency pair to a brief decline towards the lower boundary of the Ichimoku cloud. We now have two more Shooting Stars which are able to drive BTC price to the lower side of the formation, as there is a sort of channel trading now, which is natural for such situations when the price is within the Ichimoku cloud.

The lower boundary of the Ichimoku cloud coincides with the $9,200 support line. If  Bitcoin price goes there, BTC/USD will test this line and we advise readers to look for candlestick signals close to the support area. If the candles indicate reversal, the price will probably rebound from the support and go upwards. If there are no signals and BTC price falls below the support, BTC/USD will probably move to meet the descending trend line.

There is another scenario, where Bitcoin fails to fall towards the support area and breaks through the upper boundary of the Ichimoku cloud without any further correction. Then, it is going to test the $9,440 area.



As for the daily chart, the midterm picture had no significant changes. However, we can see that the upper boundary of the Ichimoku cloud held BTC price above the formation and there is probability for the development of an upside tendency.

LTC/USD



Litecoin followed Bitcoin in its upside tendency as LTC/USD jumped over the descending trend line during the Asian session. LTC price is now close to the lower side of the Ichimoku cloud. If Litecoin tests it successfully, there are more chances for the cryptocurrency to develop its upside tendency. The Ichimoku cloud is rather thin there and Litecoin price will probably meet no significant resistance. The next level to pay attention to in this case is the $165 resistance line.

Another possible scenario is where the bears try to take the initiative. They will attempt to drive LTC/USD lower until the descending trend line, at least. However, this scenario is not the primary one, as bulls are getting stronger and the situation looks promising for them.



LTC price is still below the ascending trend line on the daily chart, but it fails to reach the lower boundary of the Ichimoku cloud. There are some signs that LTC/USD will be able to return above the ascending trend line. If this happens, Litecoin will test the upper boundary of the Ichimoku cloud at midterm.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

All the reviewed cryptocurrencies went downwards in the second half of the day, marking the inability of bulls to gain momentum. The bears resume their market domination and seem to have enough power to develop this midterm downside tendency further towards the closest local support areas, which will be described here

Positive Monday For Bitcoin Price, LTC, NEO, Monero Still Negative



Bitcoin price still has some room for further growth until the closest resistance level

Bitcoin is starting the week positively as bulls got a momentum. The Bitcoin price still has some room for further growth until the closest resistance level. Litecoin and NEO follow almost the same scenario. As for Monero, the cryptocurrency seems to remain under pressure.

BTC/USD



BTC/USD still goes upwards on the Daily chart as it fluctuates along the upside trend line and is testing it today. Depending on the results of this testing, BTC/USD is likely to either fall below the trend line, looking for a major support line, which lies around 7,000 area or to resume its growth towards the resistance line, which is close to 11,500 level.

Generally, BTC/USD price fluctuates within a large horizontal channel established by the above-mentioned support and resistance levels. There are no candlestick signals currently.



As for the Ichimoku indicator, Bitcoin price went above the upper side of the cloud demonstrating bulls commitment to change the tendency and reach the closest resistance line in the medium term. However, BTC price returned to the upper Ichimoku cloud line in order to test it (which is natural for this kind of indicator). If the line resists and gives support to Bitcoin price, bulls will probably have a good chance to reach their mid-term goals. Otherwise, bears have a chance to gain momentum again.



As for the hourly chart, BTC/USD still has the same direction, going along the upside trend line. There were two chances yesterday to open short-term long positions from the trend line. Bitcoin price has a correction now as we can see the Shooting Star candlestick pattern. We expect the correction last until the upside trend line, where BTC price is able to reverse again towards the resistance line, which is close to the 9,500 area.



As for the Ichimoku indicator, BTC/USD is below its cloud but is likely to meet it today. If Bitcoin price enters the cloud, there will be opportunities to trade from its borders (channel trading).

LTC/USD



Litecoin goes the same direction as Bitcoin does, but Litecoin price is close to the resistance line. Bulls were trying to assault the resistance at 180.00 last week, but they had no luck and enough power to break through this line. Litecoin price jumped off 180.00 and went towards the upside trend line, where it stays now, waiting for bulls and bears to take active steps. If LTC price breaks through 180.00, the next midterm target will be close to 240.00 area.



As for the Ichimoku indicator, Litecoin price resides within the cloud and rejected its upper side. Now it has two ways- to go downwards and to test the lower side or try the upper side again (the trend line may support bulls and help them to stop the correction, which is clearly seen on the chart at the moment).



The situation is favorable for short-term bulls as LTC price goes along the upside trend line and rejected it twice already. However, there is a high probability for a downside correction now, which is able to aim the upside trend line. The closest target for LTC/USD on the hourly chart is 171 area, where the resistance line lies.



When we look at the Ichimoku indicator, we can see that the bulls still try to break the situation and to gain momentum. However, LTC/USD fluctuates below the cloud, which means that bears still have some power. We expect the currency pair to reach the Ichimoku cloud today and to test its lower line.

Take a look at analysis on XMR/USD and NEO/USD HERE

05/04/18 Bitcoin Bulls Gain Confidence, Litecoin and NEO Grow, Monero Falls Behind


Bitcoin achieves previous local maximum. Litecoin and NEO react positively, while Monero investors are still in despair

By the end of the first week of May, the market has returned to its normal state: assets are regaining independence and no longer moving up and down synchronously, Bitcoin and altcoins are compelled to fight for the attention of investors who are investing funds with a great deal of caution. As we expected, the phase of unrestrained growth for altcoins is over for now, while Bitcoin’s lateral movement continues (despite yesterday's achievements of bulls).

The number of both long and short margin positions is falling, which means that exchanges will be less aggressive in using bots for price manipulation.

Although, the market still needs a shepherd- a big player who will indicate the direction of movement, especially for Bitcoin.

On the other hand, the price of most altcoins has arrived at a comfortable value for holders- less than January’s, perhaps, but enough for respectable portfolios.

Movement of top 10 assets becomes multidirectional

Market capitalization has grown to $450 bln in the course of the day. The $10 bln gain can be attributed to the price increase of Bitcoin. The main question at the moment- will these funds remain with the main asset or will they be dispersed among altcoins? Out vote goes for the first version. For the first time in a long while, we see multidirectional movement among the top 10 coins. The old-timers Bitcoin, Ethereum, Ripple and Litecoin all show gains, and IOTA joins them from the less “traditional” assets. Other altcoins are at a loss, with EOS doing worse than others with a decline of seven percent.

BTC/USD

The break through the triangle happened earlier than we expected, and the prices were not given a chance to test the level of $8,900. Even now, after updating the previous local maximum (the new one is $9,780), we do not discount the possibility of correction.

Despite the obvious growing trend, we can only be confident that Bitcoin has left the lateral trading after it gains a foothold above the psychologically significant mark of $10,000.



Readers who bought Bitcoin after the upward break in the triangle can be congratulated, but they should not lose vigilance- the market will certainly try to take this profit away. The price has already been corrected to 0.786 of the old Fibonacci grid, and may even go down further, to the value of 0.618 and the price of $9,350, respectively. The equilibrium price in the lateral trade is $9,200, coinciding with the correction level of 0.5 and the intersection of the already broken facet of the triangle and the ascending channel. Such points of accumulated interest often act as magnets for the price, but it is unlikely to be reached today.

Prospects for further growth after a quick bullish run also remain vague, but the targets are clearly seen. The closest is $10,200, the next one is indicated by the mirror level and the 1.618 value of the Fibonacci extension- $10,500. The day’s key mark is at $9,550, if the price gets a hold above it, the scenario of further growth is more likely, otherwise- the scenario of correction.

LTC/USD

Despite a growth dynamic resembling Bitcoin’s, which becomes evident when comparing charts, the situation for Litecoin investors is less optimistic (though recently, that always seems to be the case).

If the main asset was able to overcome its previous high, its younger brother has formed a classic "double top” with the potential for further correction.



The nearest correction level is 0.236, coinciding with the price of $152, and Litecoin will almost definitely not fall below $144. Immediate growth is also unlikely, but over a few days, the price may reach $175, which is indicated by the activation of the potential flag. Above, Litecoin will face the most powerful mirror resistance level, which has more than once held back growth- it is marked in green on the chart. We recommend close monitoring of the asset’s approach to this level.

XMR/USD

We don’t have any good news for Monero investors today. The asset is experiencing difficulties with rising above the $260 level, which has turned into a resistance. Young bull calves (we can’t quite call them mature bulls) were able to push the price out of the descending channel for a short time, but could not hold the position.



But even if success favored the horned ones, the parallel expansion of this channel a little bit higher would certainly foil plans for further growth. Because of this, we predict that the asset will once again test the level of $230, where buyers should try their hardest to support the coin.

We don’t see any prospects of rapid growth for Monero - at best, the bulls can expect a test of the previous local high-  $300.

The medium-term goal of $340, which we marked on the chart, can be kept in mind, but there are no reasons to count on its rapid achievement.

NEO/USD

We are definitely liking NEO’s chart: the asset is slowly but confidently moving in the ascending channel, without sudden ups or downs. In addition, confidence in the asset’s future is boosted by the huge initial purchase volume which we observed at the end of April. Active purchases started from the level of $80, which means that it will serve as a support in case of a negative development.



The medium-term prospective target for NEO remains the same- it is $105. However, some interference can be seen from the mirror level, similar to the one on the Litecoin chart. It is likely that the price will rebound from it, without reaching the designated goal directly. Depending on the growth rate, this can happen in the range of $98-$102.

The link: https://cryptocomes.com/bitcoin-bulls-gain-confidence-litecoin-and-neo-grow-monero-falls-behind

I believe that at this point if you are holding altcoin then you should take the bitcoin out, as my analysis, the price of bitcoin will probably increase very strongly today so you should get rid of bitcoin to be able to tell Be profitable and increase profits. The market is volatile and difficult to predict. Therefore, it is very difficult to trade, so you should have a specific plan to delineate the risk.

The market has been showing signs of recovery in the last few days, and you have noticed that bitcoin and altcoin prices have been increasing steadily in recent days and are showing signs of improvement. According to my analysis, the bitcoin price will probably continue to rise and reach $ 11000 in the coming days.