Please share if you find this article interesting. Ethereum Analysis December 20, 2017 ETH/USD Ethereum markets rallied initially during the day on Tuesday, reaching as high as $875. However, we had a significant selloff based upon volume later in the day, but found enough bullish pressure to turn things around and rally a bit. Because of this, I believe that the market is going to go looking to break above the $875 handle, and extend its reach towards the $900 level. Buying on the dips continues to be the best way going forward. ETH/BTC Ethereum rallied significantly against Bitcoin during the day on Tuesday, as Bitcoin sold off in general. We have made a fresh, new high, and that of course is the very essence of a potential uptrend. Because of this, I believe in buying on t...
Please share if you find this article interesting. News BTC Bitcoin Analysis December 20, 2017 BTC/USD Bitcoin markets drifted a little bit lower during the trading session on Tuesday, as we touched the $17,500 level, and then bounced a bit. I think we are going to see the market soften a bit in the short term, as we head into the holiday season. Volumes will drop, especially considering how much of the Bitcoin market is driven by retail buying. Between now and New Year’s Day, it’s likely the buyers will be like, but the one thing I would point out is that the most volume us candles on the hourly chart are negative. Because of this, I think we do have a bit of a pullback at this point. Longer-term, I believe that the buyers will return though. BTC/JPY The Bitcoin market also
Please share if you find this article interesting. Bitcoin Price Watch; Riding Out The Uncertainty There exists a substantial degree of uncertainty in the bitcoin space right now. Things have been pretty volatile over the last few days as far as the bitcoin price is concerned and exactly how the fundamentals of the space – scaling, transaction fees, that sort of thing – are going to play out going forward is the question everybody wants to know the answer to. From a long-term holding perspective, this makes things pretty tough. With that said, of course, we have maintained our intraday strategy from as far back as when price was trading in and around a couple of hundred dollars and just because there is correction risk right now doesn’t mean we are going to alter the way we appro
Please share if you find this article interesting. Litecoin on the Rise, CNBC’s Brian Kelly Includes it in Portfolio CNBC analyst and Fast Money trader Brian Kelly has officially added Litecoin to his portfolio of cryptocurrencies, given its recent surge in value, technological developments, and increasing adoption rate. Litecoin Solidifies Itself as Leading Cryptocurrency Created by Charlie Lee, the former Coinbase director of engineering, Litecoin has served the market as a complementary cryptocurrency to bitcoin. With lower fees and faster confirmation times, Litecoin operates better as a currency for smaller payments than bitcoin. Recently, Steam, the US-based digital distribution platform, removed bitcoin from its platform and integrated Litecoin, due to the complaints from
Please share if you find this article interesting. Bitcoin Outperforms US Dollar and Every Other Reserve Currency Once Again Last year, in 2016, bitcoin outperformed the US dollar and every other reserve currency in the market, including the Japanese yen, South Korean won, and British pound. Bitcoin Outperforms All Stocks and Reserve Currencies This year, bitcoin has outperformed all of the reserve currencies in the global market once again, recording a staggering 2,011 percent increase in value, from $900 to $19,000. Worst performing shitcoin award in 2017 goes to the US dollar. Performance of USD against #Bitcoin throughout 2017: pic.twitter.com/GIvFJr4EFF — Joseph Young (@iamjosephyoung) December 18, 2017 Bitcoin has also outperformed the best performing stocks throughout th
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Upside Thrust Key Highlights Ethereum classic price gained a lot of traction and was able to move above $40.00 against the US Dollar. There was a break above a key declining channel with resistance at $34.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is now placed well above the $35.00 support and looks set to gain further in the near term. Ethereum classic price is moving higher nicely against the US Dollar and Bitcoin. ETC/USD is now well above $35.00 and it could move further higher. Ethereum Classic Price Trend There was a decent upside momentum forming above $30.00 in ETC price against the US Dollar. The price gained pace recently and it moved
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Uptrend Intact Key Highlights Ripple price is moving higher once again and is currently above the $0.7500 support against the US Dollar. This is a short-term ascending channel forming with support at $0.7700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move higher and it could even break $0.8400 for more gains. Ripple price is gaining pace against the US Dollar and Bitcoin. XRP/USD might continue to gain pace above the $0.9000 level in the near term. Ripple Price Trend It seems like Ripple price has completed a correction wave at $0.7000 against the US Dollar. The price has started a fresh upside wave and moved above the $0.7250 resistance.
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Burst Above $800 Key Highlights ETH price made a nice upside move and broke the $800 resistance against the US Dollar. There was a break above yesterday’s pointed contracting triangle with resistance at $725 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is heading higher and it might continue to move higher towards the $850 and $900 levels. Ethereum price is surging higher against the US Dollar and Bitcoin. ETH/USD might rocket higher and move toward $850-900 in the near term. Ethereum Price Uptrend There was a solid bullish trend in place for ETH price above $700 against the US Dollar. The price after correcting lower and completing a consolidation pattern above $7
Please share if you find this article interesting. THERE IS A 75% CHANCE OF LTC PRICES TESTING $420 Is there a chance of LTC prices testing $420? Well, it depends on how you look at it. Technically, LTC is reversing from our expected area of support as shown by the Fibonacci retracement levels drawn from last week’s high low. IOTA is also replicating the same set up following that close above the middle BB on December 18. The question now is: Will this continue? What will happen if say IOTA find resistance at $5.56? Do you think this Q3 alt coin rally will continue? What are your thoughts? Let me tell you what I think about these crypto-pairs: NEM SHORT TERM TARGET IS $0.93 BUT PRICE MUST FIRST CLOSE ABOVE $0.80 XEMUSD 4HR Chart for December 19, 2017 It’s no doubt that NEM is ra
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Past $2200 Key Points Bitcoin cash price gained heavy momentum and was able to move above $2000 against the US Dollar. Yesterday’s highlighted key bullish trend line with current support at $1850 is intact on the hourly chart of BCH/USD (data feed from Kraken). The pair might correct a few points, but it remains supported above the $1900 level. Bitcoin cash price made a nice upside move above $2000 against the US Dollar. BCH/USD may continue to gain pace and remains a buy around $1900. Bitcoin Cash Price Buy Dips Yesterday, we discussed how bitcoin cash price was preparing for more gains above $1850 against the US Dollar. The price made a nice upside move and traded above the