Please share if you find this article interesting. Bitcoin Gold Price Technical Analysis – Can BTG/USD Resume Uptrend? Key Points Bitcoin gold price after trading above $450 against the US Dollar corrected lower. There is a connecting bearish trend line forming with resistance at $300 on the hourly chart of BTG/USD (data feed from Bitfinex). The price is correcting higher from $180, but it is facing a major hurdle on the upside. Bitcoin gold price declined sharply from $480 against the US Dollar. BTG/USD is recovering, but might struggle to break the $300 level. Bitcoin Gold Price Resistance During the past few sessions, there was a lot of action in bitcoin gold price (just like bitcoin cash) as it moved above the $400 level against the US Dollar. The price climbed higher and for
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Upside Surge and Reversal Key Highlights Ethereum classic price surged higher and moved above the $20.00 handle before reversing gains against the US Dollar. There is a declining channel forming with resistance at $15.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might continue to decline and it could even test the $13.20 support area. Ethereum classic price is reversing its gains against the US Dollar and Bitcoin. ETC/USD might soon retest the $13.20-13.00 support area. Ethereum Classic Price Decline During the past two days, there was a sharp upside move in ETC price above the $15.00 level against the US Dollar. The price rocketed higher and even
Please share if you find this article interesting. ETH/USD and ETH/BTC Technical Analysis November 13 2017 [embedded content]ETH/USD Ethereum continues to chop around against the US dollar, and is currently testing the $300 level for support. It looks likely that we will find support underneath, perhaps extending as low as $280. This pullback should be thought of as a potential buying opportunity, as traders seem to be looking at building longer-term and larger positions. Overall, this should offer value for the longer-term investor. ETH/BTC Ethereum has rallied a bit again during the day against Bitcoin, but quite frankly there is enough resistance near the 0.0475 handle to have me thinking about shorting. At the first signs of exhaustion, I am more than willing to get short ...
Please share if you find this article interesting. DASH/USD and LTC/USD Technical November 13 2017 [embedded content] DASH/USD DASH continues to look bullish overall, yet choppy. I believe that the $360 level above will offer significant resistance, but if we can break above there we should see this market go much higher. I think that pullbacks at this point should attract a lot of attention, with $300 being relatively supportive. LTC/USD Litecoin has rolled over during the day on Friday, but seems to be finding enough support near the $60 level to attract attention and turn the market around. I think that we will eventually go higher, and that this pullback has offered value. Ultimately, the recent surge higher I believe has attracted a lot of attention, and now that we pulled...
Please share if you find this article interesting. BTC/USD and BTC/JPY Technical Analysis November 13 2017 [embedded content] BTC/USD Bitcoin fell a bit during the trading session on Friday, breaking through the important $7000 level. However, the $6800 level previously has been supported, and it looks as if the buyers are trying to come back into the market. Because of this, I am a bit cautious, but willing to start buying Bitcoin above the $7000 level again as it would show a turn around and resumption of the bullish pressure that we have seen. It should also be noted that the Bollinger bands are signaling a slightly oversold situation, right along with the stochastic oscillator doing the same. BTC/JPY Bitcoin also fell against the Japanese yen slicing through the ¥800,000 l
Please share if you find this article interesting. Ripple Price Technical Analysis – Can XRP/USD Recover above $0.2060? Key Highlights Ripple price declined recently and moved below the $0.2060 support area against the US Dollar. There are two bearish trend lines forming with resistance at $0.2030 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently correcting higher, but it is facing many resistances near $0.2060. Ripple price declined recently against the US Dollar and Bitcoin. XRP/USD is now below $0.2060 and struggling to recover in the short term. Ripple Price Resistance There was a decent upside move in Ripple price above $0.2200 this past week against the US Dollar. The price traded as high as $0.2240 before it started a downside move.
Please share if you find this article interesting. MONERO AND DASH BENEFIT AS BTC ALTERNATIVES (November 13, 2017) Monero and DASH are pumped following BTC scaling problems. As cryptocurrency users seek alternatives, Monero and DASH will continue to appreciate. Meanwhile, NEM and NEO are trading lower within a bear break out strategy while IOTA bulls are rejuvenated and testing highs of $0.61. BREAK OUT STRATEGY IN PLAY, $0.20 SUPPORT BROKEN NEMUSD Daily Chart for November 13, 2017 Our bear run continued after November 10 double bar reversal pattern at the 68.2% August September Hi-Los Fibonacci retracement level. At the close of yesterday’s candlestick, a bear strong bear candlestick had formed following a doji on November 11. Even though bears and bulls were cancelling each oth
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Eyeing Upsides Key Highlights ETH price is slowly moving higher and recently broke the $312 resistance against the US Dollar. There is a major bullish trend line forming with support at $308 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is about to dip or correct lower, but remains supported above the $305 level. Ethereum price is slowly gaining pace against the US Dollar and Bitcoin. ETH/USD is now well above $305 and looking to extend gains. Ethereum Price Trend There was a decent upside move in ETH price from $297 against the US Dollar. The price gained pace and moved above the $307 level and the 100 hourly simple moving average. The current wave is positive abov
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Corrects Sharply From $2600 Key Points Bitcoin cash price surged above the $2000 level against the US Dollar before starting a sharp downside correction. There is a monster bullish trend line forming with current support at $1300 on the hourly chart of BCH/USD (data feed from Kraken). The price is now consolidating in a range above the $1300 level and with resistance at $1750. Bitcoin cash price rocketed as high as $2600 against the US Dollar. BCH/USD is now correcting lower and remains well below $2000. Bitcoin Cash Price Trend There was a sharp upside move in Bitcoin cash price above the $2000 level against the US Dollar. The price rocketed above $2500 and traded to a new all-time
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 11/13/2017 – Deeper Correction Underway? Bitcoin Price Key Highlights Bitcoin sold off sharply since breaking below the double top pattern highlighted in a previous article. Zooming out to the longer-term time frame shows that bitcoin price is still in correction mode and is testing the first Fib level. This lines up with a short-term area of interest but a deeper correction could find its way to the rising trend line on the daily chart. Bitcoin price is in the middle of a much-needed correction from its strong rally since mid-September but technical indicators suggest that the uptrend could resume soon. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA on the dai