Wednesday, August 22Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Ethereum Classic Price Technical Analysis – ETC/USD Under Pressure

Ethereum Classic Price Technical Analysis – ETC/USD Under Pressure

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Under Pressure Key Highlights Ethereum classic price declined recently and traded below the $26.00 support area against the US Dollar. There is a major bearish trend line forming with resistance near $27.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair traded as low as $24.01 recently and it is currently correcting higher. Ethereum classic price is under bearish pressure against the US Dollar and Bitcoin. ETC/USD is currently correcting higher, but is facing hurdles near $27.00 and $27.50. Ethereum Classic Price Resistance There was a start of a new downside reaction from the $30.50 swing high in ETC price against the US Dollar. The price moved down an
Ripple Price Technical Analysis – Can XRP/USD Hold $0.2200-0.2100?

Ripple Price Technical Analysis – Can XRP/USD Hold $0.2200-0.2100?

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Technical Analysis – Can XRP/USD Hold $0.2200-0.2100? Key Highlights Ripple price declined further and failed to stay above the $0.2300 level against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $0.2400 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to struggle and it will be difficult for buyers to keep the price above $0.2200. Ripple price extended declines against the US Dollar and Bitcoin. XRP/USD is currently testing $0.2200 and struggling to hold the stated level. Ripple Price Decline There were further losses in Ripple price from the $0.2400 swing high against the US Dollar. The price slowly and steadily moved d
Ethereum Price Technical Analysis – ETH/USD’s Bearish Path

Ethereum Price Technical Analysis – ETH/USD’s Bearish Path

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD’s Bearish Path Key Highlights ETH price declined further and followed a short-term bearish path below $445 against the US Dollar. There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might correct towards $440-442 in the near term, but could face sellers. Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD moved towards the $410-400 levels and is currently correcting higher. Ethereum Price Decline There was no major recovery in ETH price above the $460 level against the US Dollar. The price came under renewed selling pressure and traded below the $430 and $425 support levels. I
MONERO BULLS TEST $300 BEFORE CORRECTING AS IOTA SLOWS TECHNICAL ANALYSIS FOR December 7, 2017

MONERO BULLS TEST $300 BEFORE CORRECTING AS IOTA SLOWS TECHNICAL ANALYSIS FOR December 7, 2017

PRICE ANALYSIS
Please share if you find this article interesting. MONERO BULLS TEST $300 BEFORE CORRECTING AS IOTA SLOWS TECHNICAL ANALYSIS FOR December 7, 2017 Monero bulls are definitely rally testing for $300 for the first time since launch. As this is a new milestone, correction was inevitable and it did. Concurrently, IOTA slowed down retracing from its recent highs but this was temporary because it bounced off $3.2 to resume trend. Let’s look at the charts: NEM BULLS LOOKING AT $0.25 FOR SUPPORT XEMUSD 4HR Chart for December 7, 2017 In the 4HR chart, NEM bulls are ceding ground to bears. Look at what happened after price action tested the resistance level and the round number at $0.30. First off, there was a strong bearish engulfing candlestick which ended up confirming a double bar rever
Bitcoin Cash Price Technical Analysis – BCH/USD Extends Decline

Bitcoin Cash Price Technical Analysis – BCH/USD Extends Decline

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Extends Decline Key Points Bitcoin cash price declined further and traded towards the $1300 support against the US Dollar. There is a major bearish trend line forming with resistance around $1475 on the hourly chart of BCH/USD (data feed from Kraken). The price might correct higher, but it will most likely face sellers near $1400 and $1460. Bitcoin cash price declined below $1340 against the US Dollar. BCH/USD is currently under bearish pressure and upsides remain capped by $1400. Bitcoin Cash Price Upside Hurdles Due to rise in bitcoin price, there were further declines in bitcoin cash price below $1400 against the US Dollar. The price made a sharp downside move and traded below th
Bitcoin Price Technical Analysis for 12/07/2017 – Waiting for a Small Pullback

Bitcoin Price Technical Analysis for 12/07/2017 – Waiting for a Small Pullback

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 12/07/2017 – Waiting for a Small Pullback Bitcoin Price Key Highlights Bitcoin price has once again jumped to record highs at $14,000 and may be undergoing profit-taking. Applying the Fib tool on the latest swing low and high shows that the 38.2% level lines up with a rising trend line. A larger pullback could last until the 61.8% Fib near a former resistance area. Bitcoin price could be due for a quick pullback from its latest rally, offering more bulls a chance to join in. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on the 1-hour time frame so the path of least resistance is to the upside. This means that the rally is more likely to continue than to reverse. Als
Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

BITCOIN
Please share if you find this article interesting. Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. When the price rallies unabated and seems to be able to reach the moon, we can be certain that a short-term top is around the corner. Can I pinpoint the top? No! Can the market continue higher and make me look like a fool? Yes, it certainly can! However, cashing in profits, especially after such a vertical run is a good strategy. I believe, it is time for Bitcoin investors to start booking partial profit...
Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

BITCOIN
Please share if you find this article interesting. Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees Today, Valve announced that the Steam gaming platform will no longer accept Bitcoin payments due to high fees and incredible volatility. Valve says transaction fees, which are passed on to the company by Bitcoin payment processor Bitpay, surpassed $20 last week. Transaction fees were only 20 cents last spring when Valve began accepting the digital currency for payment. The Steam platform began accepting Bitcoin in April 2016, when the currency was trading for around $450. It’s ironic that Valve is complaining about Bitcoin’s high volatility; had they actually held the Bitcoins they received instead of immediately selling them, they would be sitting on an absol
Bitcoin Goes Parabolic, Blows Past $14,000 to Post $2,500 Single Day Gain

Bitcoin Goes Parabolic, Blows Past $14,000 to Post $2,500 Single Day Gain

BITCOIN
Please share if you find this article interesting. Bitcoin Goes Parabolic, Blows Past $14,000 to Post $2,500 Single Day Gain Today Bitcoin surged past the $14,000 level, topping out at $14,400 for a $2,500 gain in a single day. This makes today the largest one-day gain in the history of the currency. To put it in perspective, today Bitcoin’s price increased by more twice as much as it’s 2013 all-time high of $1,100. A single Bitcoin can now buy more than 11 ounces of pure gold. It’s about the futures, baby The price is likely being driven by news of the imminent launch of Bitcoin futures trading. CBOE will be launching their futures market this coming Sunday, December 10, with CME Group following on December 18. Nasdaq plans to launch futures trading in the summer of 2018 and Jap
In Unexpected Move, South Korean Regulator Suddenly Bans Bitcoin Futures Trading

In Unexpected Move, South Korean Regulator Suddenly Bans Bitcoin Futures Trading

BITCOIN
Please share if you find this article interesting. In Unexpected Move, South Korean Regulator Suddenly Bans Bitcoin Futures Trading The world’s largest futures exchanges, CBOE and CME Group, have given their imprimatur to Bitcoin futures trading, but South Korea wants none of it. The South Korean government seems to be struggling to understand these currencies which are unlike anything else in the financial world. Recently, South Korea has announced its plans to begin regulating digital currency exchanges and taxing cryptocurrency profits. The country has also banned initial coin offerings (ICOs). Citizens of the Asian nation have been aggressive buyers of Bitcoin and other digital currencies, often paying substantial premiums over the price on Western exchanges. Tony Lyu, CEO of