Tuesday, September 29Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

BTC/USD and BTC/JPY Technical Analysis October 18 2017

BTC/USD and BTC/JPY Technical Analysis October 18 2017

PRICE ANALYSIS
Hello and welcome to News BTC’s Market Outlook October 18.[embedded content] BTC/USD Bitcoin fell slightly during the day on Tuesday, as we continue to grind sideways overall. We have support underneath at the $5400 level, just as we have a massive amount of resistance at the $5800 level above. Ultimately, the market should continue to find dips, as we try to build up enough momentum to rally and reach towards the $6000 level above. If we can break above the $6000 level, the market should continue to go much higher. BTC/JPY The Bitcoin market went sideways initially, but has plenty of support underneath. The Bitcoin markets look as if they are trying to rally significantly, but the ¥650,000 level above will be massively resistive. If we can break above there, the market should continue t
Ethereum Price Technical Analysis – ETH/USD Extends Decline

Ethereum Price Technical Analysis – ETH/USD Extends Decline

PRICE ANALYSIS
Key Highlights ETH price failed to remain above the $317 swing low against the US Dollar and extended its decline. There is a connecting bearish trend line forming with current resistance at $310 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to decline and could even test the $300.00 handle in the near term. Ethereum price extended its decline against the US Dollar and Bitcoin. ETH/USD might slide further and could test the $300-296 support zone. Ethereum Price Decline Yesterday, we saw the start of a downside move in ETH price below $335 against the US Dollar. The price remained under a bearish pressure and traded below $330 and the 100 hourly simple moving average. Sellers got back in control and even took the price below the last swing low of $317. It...
Ripple Price Technical Analysis – XRP/USD Breaks Key Support

Ripple Price Technical Analysis – XRP/USD Breaks Key Support

PRICE ANALYSIS
Key Highlights Ripple price failed to hold an important support at $0.2350 against the US Dollar and declined. There was a break below a major bullish trend line with support at $0.2550 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might correct higher in the short term, but likely to face sellers near $0.2500. Ripple price broke down against the US Dollar and Bitcoin. XRP/USD is now below $0.2500 and facing many upside hurdles. Ripple Price Resistance Yesterday, we saw a major support in Ripple price above $0.2500 against the US Dollar. The price was correcting lower from the $0.2950 swing high towards $0.2550-0.2500. It failed to hold the stated $0.2500 support and declined sharply. The worst part was a break below a major bullish trend line with support at...
Bitcoin Price Technical Analysis for 10/18/2017 – Short-Term Selloff Underway?

Bitcoin Price Technical Analysis for 10/18/2017 – Short-Term Selloff Underway?

PRICE ANALYSIS
Bitcoin Price Key Highlights Bitcoin price recently broke below the support of an ascending triangle highlighted in a previous article. This could be indicative of a short-term selloff that’s roughly the same height as the chart formation. A double top pattern can also be seen and bitcoin price is moving closer to testing the neckline around $5400. Bitcoin price is showing a handful of potential selloff signals while bulls book profits off their recent positions. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to show that the path of least resistance is to the upside or that the rally is more likely to resume than to reverse. However, the gap between the moving averages is narrowing to signal a potential downward crossover that would draw sellers in. Price has al
Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $350

Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $350

PRICE ANALYSIS
Key Points Bitcoin cash price surged higher and broke an important resistance at $350 against the US Dollar. This week’s highlighted contracting triangle pattern with resistance at $320 was broken on the hourly chart of BCH/USD (data feed from Kraken). The price is now placed well above the $350 level and eying more gains in the near term. Bitcoin cash price rocketed higher above $350 against the US Dollar. BCH/USD is now in the bullish zone above $340 and looking for more gains. Bitcoin Cash Price Trend Finally, there was a break in Bitcoin cash price above the $325 level against the US Dollar. The price managed to gain strength after forming a bottom near the $300 handle. The best part was a break above this week’s highlighted contracting triangle pattern with resistance at $320 on the h

Banks like Goldman Sachs are Recognizing Bitcoin as a Safe Haven Asset

PRICE ANALYSIS
Goldman Sachs analysts including Jeffrey Currie and Michael Hinds have compared Bitcoin to gold, and the relevance of Bitcoin as a safe haven asset in the global economy. Demand For Bitcoin as Safe Haven Asset is Increasing Over the past two years, the demand for Bitcoin has increased at an exponential rate, as the market cap of Bitcoin surpassed that of leading financnail institutions such as Goldman Sachs. Specifically, as billionaire investors including hedge fund legend Mike Novogratz have stated, institutional and retail investors have begun to invest in Bitcoin as a long-term investment and a safe haven asset. “I can hear the herd coming,” said Novogratz. “I was just in San Francisco, met with a few big institutional investors and their still a ways away but they’re coming. Lots of f
Bitcoin Price Watch; Here’s What’s On This Evening

Bitcoin Price Watch; Here’s What’s On This Evening

PRICE ANALYSIS
So that is another day complete from a European perspective in our bitcoin price trading efforts and, just as we suggested might be the case this morning, it’s been a pretty strange one. Action is all over the place at the moment and this is making difficult to establish any sort of consistent strategy. It’s not impossible, of course, and our intraday strategies were designed to make it as simple as possible, but it does mean that we have had to be extra careful with our target placement and our risk management parameters so as to avoid being chopped out on the back of any erratic movement. So, with this noted, let’s try and move forward and continue to draw profit from the market as and when things move. As ever, take a quick look at the chart below before we get started so as to get an i
USD REMAINS FIRM AGAINST MOST ALT-COINS AS IOT BREAKS ABOVE RESISTANCE LINE.

USD REMAINS FIRM AGAINST MOST ALT-COINS AS IOT BREAKS ABOVE RESISTANCE LINE.

PRICE ANALYSIS
General Notes USD remains firm across the board NEOUSD TECHNICAL ANALYSIS Figure 1: NEOUSD Daily Chart for 17.10.2017 Weak price movement and horizontal consolidation continues as bears and bulls size each other up. As a matter of fact, bull volumes remain muted for the second day in a row with price action stuck within a tight $4 range inside Sunday’s Hi-Los. The resistance trend lines drawn from 08.10.2017 and 14.10.2017 highs and support line continues to hold prices. So, we wait until there is a break out from any side of our boundary lines. This break out will be important if it is accompanied by above average volumes. DASHUSD TECHNICAL ANALYSIS DASHUSD-Daily Chart-17.10.2017 So, as yesterday’s candlestick closed a stochastic sell signal was printed and bears were somehow in charge. W
DASH/USD and LTC/USD Technical Analysis October 17 2017

DASH/USD and LTC/USD Technical Analysis October 17 2017

PRICE ANALYSIS
Hello and welcome to News BTC’s Market Outlook October 17.[embedded content] DASH/USD DASH continues to be very choppy, but we did have a slightly positive session on Monday. It looks as if the $315 level is causing a bit of resistance though, and we may have some choppiness to get through in order to go much higher. Once we do, I suspect that the next target is going to be $322.50, which has previously offered resistance. I still believe in buying dips, and I think that there is a certain amount of support at the $300 handle. LTC/USD Litecoin continues the sideways grind that we have seen over the last several sessions, with the $62 level offering a bit of support. The $66 level above offers resistance, and if we can break above there I think the market then goes looking towards the $70
ETH/USD and ETH/BTC Technical Analysis October 17 2017

ETH/USD and ETH/BTC Technical Analysis October 17 2017

PRICE ANALYSIS
Hello and welcome to News BTC’s Market Outlook October 17.[embedded content] ETH/USD Ethereum initially rallied on Monday, but found enough resistance at the $352 level to turn around and drop towards the $336 level. There seems to be quite a bit of buying pressure there though, and as a result we have bounced again. I think we will eventually break out to the upside, and a move above the $352 level is the signal to start adding to any positions you have. We’re knocking on the door, but we just haven’t made the move yet. ETH/BTC Ethereum has rallied slightly against Bitcoin, but quite frankly we have not seen a major move and of course we are not at highs. The 0.062 level above is resistance, and I think we are still essentially sideways, so having said that I think that the market will