Sunday, August 19Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Bitcoin Cash Price Technical Analysis – BCH/USD Preparing for Break

Bitcoin Cash Price Technical Analysis – BCH/USD Preparing for Break

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Preparing for Break Key Points Bitcoin cash price is preparing for the next move with support on the downside at $2300 against the US Dollar. There is a crucial bearish trend line forming with current resistance at $2400 on the hourly chart of BCH/USD (data feed from Kraken). The pair might soon make the next move either above $2400 or below $2300 in the near term. Bitcoin cash price is consolidating above $2200-2300 against the US Dollar. BCH/USD may soon break higher above the $2400 resistance for more gains. Bitcoin Cash Price Upside Hurdle There was a downside reaction in bitcoin cash price from the $2880 swing high against the US Dollar. The price traded below the $2500 support
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Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk

Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk Key Points Bitcoin price recovered recently, but it failed to move above the $16,400 resistance against the US Dollar. There is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair recently broke a connecting bullish trend line at $13,500 and made a downside move. Bitcoin price is currently under pressure below $15,000 against the US Dollar. BTC/USD remains at a risk of more declines in the near term. Bitcoin Price Decline After a sharp downside move, bitcoin price recovered nicely above the $15,000 level against the US Dollar. The price even traded above the $16,000 level. However, buyers
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Ethereum Price Weekly Analysis – ETH/USD To Surge Higher?

Ethereum Price Weekly Analysis – ETH/USD To Surge Higher?

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Please share if you find this article interesting. Ethereum Price Weekly Analysis – ETH/USD To Surge Higher? Key Highlights ETH price is trading in a range below the $715 resistance area against the US Dollar. There is a major contracting triangle forming with current support at $665 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might soon make the next move and either break $715 or trade below $665. Ethereum price is consolidating in a range against the US Dollar and Bitcoin. ETH/USD may soon attempt the next upside break above $715. Ethereum Price Resistance After a nasty decline below the $500 level, ETH price started an upside recovery against the US Dollar. The price formed a base above $475 and started correcting higher. It traded above the 50% Fib retr
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LTC FINDS RESISTANCE AT $250 AS IOTA CONSOLIDATES

LTC FINDS RESISTANCE AT $250 AS IOTA CONSOLIDATES

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Please share if you find this article interesting. LTC FINDS RESISTANCE AT $250 AS IOTA CONSOLIDATES As IOTA consolidates, Monero and DASH are bouncing from the minor support trend line and the triple bottoms respectively. Of the 5 alt coins we are focusing on, NEM is the only token that has gained ground this week. NEM BUYERS EYEING $1.1 NEMUSD 4HR Chart for December 30, 2017 Nothing serious for NEM. Our trade plan is panning out well. From yesterday’s price action, the 38.2% Fibonacci retracement seem to be a perfect spring board for buyers. On the secondary chart, the stochastics are turning from oversold territory complete with a buy signal. Because everything is going according to our plan, our immediate bull target at $1.1 remains unchanged. DASH FOUND SUPPORT AT THE TRIPL
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DASH and Litecoin Analysis January 1, 2018

DASH and Litecoin Analysis January 1, 2018

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Please share if you find this article interesting. DASH and Litecoin Analysis January 1, 2018 DASH/USD DASH rolled over slightly during the session on Friday, but continues to find plenty of support at the $1000 level. Ultimately, I think that the $1200 level above is resistance. In the meantime, it looks like we are ready to bounce slightly, but I would not expect much in the way of significant moves. Short-term trading opportunities in a back and forth range is what I expect we will see. LTC/USD Litecoin rolled over slightly during the trading session on thin volume for Friday. However, I think that the $200 level is going to be targeted, but the support starts at $225 level. Because of that, I’m looking for a buying opportunity. However, if we were to break down below the
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Ethereum Analysis January 1, 2018

Ethereum Analysis January 1, 2018

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Analysis January 1, 2018 ETH/USD Ethereum continues to be very noisy, but quite frankly at this time of year it’s very difficult to get a significant move. There’s little in the way of volume, so I think that the price action can’t be taken too seriously. The $600 level below should be a bit of a “floor”, just as the $775 level is the “ceiling.” I look at buying pullbacks as the best way to trade this market. ETH/BTC Ethereum rallied a bit during the trading session on Friday, and it looks as if we are going to continue to go higher, but we need to clear the 0.0525 level to continue the uptrend. In this thin trading environment though, I suspect we will probably pull back in drop just a bit before buying pressure ret
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Bitcoin Analysis January 1, 2017

Bitcoin Analysis January 1, 2017

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Please share if you find this article interesting. Bitcoin Analysis January 1, 2017 BTC/USD Bitcoin did very little during the trading session on Friday, as traders are focusing on the new year celebration more than anything else. Having said that, there is plenty of support just below at the $13,000 level, and because of this I think it’s only a matter of time before the buyers get involved on a pullback. I also recognize that the 16,000 level above is massively resistive. In the short term, I think we continue to go back and forth. BTC/JPY Bitcoin went slightly lower during the trading session on Friday, as we drift sideways in general. Currently, I see the ¥1.5 million level as massive support, just as I see the ¥2 million level as massive resistance. I believe longer-term
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DASH AT THE PRECIPICE AS NEM BUYERS PUSH FOR $1.1

DASH AT THE PRECIPICE AS NEM BUYERS PUSH FOR $1.1

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Please share if you find this article interesting. DASH AT THE PRECIPICE AS NEM BUYERS PUSH FOR $1.1 Interesting formation in the last 24HRs, NEM buyers might end up clearing last week’s highs at $1.1. While at it, USD bulls might drive LTC prices even lower to $200 and $150 now that $250 was sliced though like butter. LTC is not alone, look at DASH and check the triple bottoms…while sellers close below this significant level? Let’s wait and see. NEM BUYERS EYE $1.1 NEMUSD 4HR Chart for December 29, 2017 Now, from last week price action, NEM buyers took charge and as it was, a long bullish candlestick was formed. However, if you zoom in and study the candlestick viz a viz other technical indicators like BB, then you notice that there was some sort of over-extension and we might a
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Ethereum Price Technical Analysis – ETH/USD To Retest $750?

Ethereum Price Technical Analysis – ETH/USD To Retest $750?

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Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD To Retest $750? Key Highlights ETH price is moving back higher after testing the $670 support zone against the US Dollar. There was a break above a key bearish trend line with resistance at $702 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might continue to move higher and it could even test the most important resistance at $750-760. Ethereum price is slowly moving higher against the US Dollar and Bitcoin. ETH/USD might continue to rise towards the next major resistance at $750. Ethereum Price Upside Hurdle There were further declines in ETH price below the $700 level against the US Dollar. The price declined below the $675 level and tested the $670 support zone. A
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Bitcoin Price Technical Analysis for 12/29/2017 – Small Uptrend in Play

Bitcoin Price Technical Analysis for 12/29/2017 – Small Uptrend in Play

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Please share if you find this article interesting. Bitcoin Price Technical Analysis for 12/29/2017 – Small Uptrend in Play Bitcoin Price Key Highlights Bitcoin price appears to be forming a short-term ascending channel on its 1-hour chart. Price has bounced off the channel support and might be due for a test of the resistance around $17,000. Technical indicators are giving mixed signals, however. Bitcoin price is starting to trend higher on its 1-hour time frame, but technical indicators still reflect some bearish pressure. Technical Indicators Signals The 100 SMA is starting to cross above the longer-term 200 SMA to signal that the path of least resistance is to the upside. If this materializes, more bulls could hop in and push price to the top of the channel and beyond. However