Daily price analysis BTC + ALTCOINS

[Dany44]

04/02/18 Reversal is Delayed: BTC and ETH Update Lows, XMR Fights Against Trend

No fun on April Fools Day. Bitcoin updates local price minimum, accompanied by the other assets

The beginning of another spring month did not precipitate a full-fledged arrival of spring to the crypto-currency market.

The agonizing yearning for warmth must go on, the sky is still covered with clouds, and Bitcoin price continues to update local lows, encountering no significant resistance on the way.

Even some of the altcoins which were blooming like early spring flowers last week do not show any attempts to go against the market (with one exception).

BTC dominance sets new records as altcoins fall faster

The total capitalization of cryptocurrencies fell to $260 bln, which corresponds to the values ​​of mid-November 2017 - the time before BTC and altcoins went on their crazy rollercoaster ride.  In the top 10 assets, nothing interesting is going on - for most positions, prices went down an average of 5 percent. During the weekend, Bitcoin had reached a minimum of $6,430, and at the time of writing, it is fluctuating around $6,900. Its dominance continues to set yearly records and by Monday increased by another two tenths, to 45.7 percent.

Verge is the only asset to beat the market

The exception that we mentioned above is Verge. In 24 hours, the price of the asset grew by 20 percent, which is an absolute record among all cryptoassets.

The interest of buyers is being encouraged by the CEO’s announcement of a mysterious partnership, the details of which will be disclosed on April 17. Will developers be able to meet community expectations? We will find out in 2 weeks.

BTC/USD

Before proceeding to a detailed analysis, we would like to examine the enlarged Bitcoin graph on the daily price chart.  Three important facts emerge: BTC is in a long-term downtrend since December 2017, the uptrend line constructed on the September 2017 and February 2018 lows was broken, and the trend which was formed back in July 2017 is being tested right now.



On the four-hour chart, we see that the price is squeezed between two uptrends, but Bitcoin has no reliable support anymore.

Just to maintain the current levels, buyers must keep prices above $7,000 today, and to transition go growth, they will have to storm $7,200.



So far, nothing is indicating that the bulls have enough strength for the push. The situation is exacerbated by the proximity of the boundary of the downtrend, which is acting as a resistance.

In the course of the day, Bitcoin is likely to trade in the range of $7,000 - $6,600, but the repeated breaking of the boundary of the lower uptrend will confirm the bulls’ weakness and allow the bears to begin moving toward $6,000. The Fibonacci grid, indicating a value of 1.618 at $6,110, is just one of the possible constructions based on local triggers, and all of them will point to the zone of the previous February low, so the goal of the sellers remains obvious.

ETH/USD

Ethereum continues to outpace the market in the rate of decline - last Sunday the price dropped to $360. The rebound amounted to just 5 percent, and by press time the asset is trading at $380.

Confirming its love for triangles, ETH is once again forming a figure of technical analysis, the full activation of which will lead the bears to $315.



This level coincides with the mirror resistance formed at the time when ICOs were in their heyday, and Ethereum was relatively young and promising. Despite numerous attempts (5 of them), bulls could not break the boundary of the descending channel, which indicates their extreme weakness. On the way to $315, the price will encounter a few more supports, the main one being at the level of $330.

In order to stay afloat, buyers have to keep the price above $390, and then gain a foothold at $415. For now, this seems practically unattainable.

XMR/USD

Monero buyers do not cease to impress us with their perseverance and ability to find resources to support the asset at a crucial moment.

While most of the coins have updated local lows of the end of last week, the price of XMR went right instead of down - not a bad result in a falling market.



In the event of a reversal, the laterally traded range of $160 - $180 can be a great starting point for price growth to $200. However, since the market is showing no signs of reversal, we continue to view this zone as support. In the context of further decline, the target remains the same - $150, coinciding with the minimum of the February correction.

NEO/USD

The indications that we used in the March 30 review not only remain relevant, but confirm our previous conclusions. The downtrend line, for lack of any better application, became the support for the price of NEO. It was from this line that NEO rebounded on Sunday when Bitcoin reached its minimum value. We believe that buyers can count on this support going forward.



The mirror level of $42, on the contrary, lost some of its strength, and the closer the downtrend line approaches it, the less value it will have for supporting the price. Therefore, the next target after breaking through the trend could be $40.

Hypothetically, in case of growth, the main resistance still the level of $50. We cannot change our opinion about the attractiveness of NEO for medium-term investments until the price gains a hold above the boundary of the previous upward trend (green line).

Source: https://cryptocomes.com/reversal-is-delayed-btc-and-eth-update-lows-xmr-fights-against-trend

[Cryptoprimes]

Yeah I feel we are close to new "crazy rollercoaster ride" 

[Cryptodetail]

Hey guys.
I've read today that thousands of tiny but identical orders were opened, which keep against growth at the market. And it's the work of the whales. They have a lot of money to invest so this process will continue for a while. And then fast-moving reverse will begin. What do you think?

[Dany44]

Hey guys.
I've read today that thousands of tiny but identical orders were opened, which keep against growth at the market. And it's the work of the whales. They have a lot of money to invest so this process will continue for a while. And then fast-moving reverse will begin. What do you think?

it makes sense. Let's wait a bit

[Dany44]

04/03/18 BTC Price Leaves Danger Zone, LTC Still Kicking, XRP Abandoned by Investors

Don’t be fooled: early signs of market reversal could be just another bears’ trap

By the beginning of Tuesday, the situation on the cryptocurrency market remains uncertain. Despite the fact that Bitcoin - the indicator of investor sentiment - is hovering near a key level with murky prospects, no tension or panic is evident in the media or on the charts. It seems that market participants have learned to accept the things they cannot change, and are now patiently waiting for a sign to either buy or sell, without showing any initiative.

Market indicators are stable, no sign of rapid change

Most positions show a slight increase in price, but after updating their lows over the weekend - this is no more than preparation for possible growth. We also find confirmation in key market indicators: the total capitalization grew just by $5 bln to $365 bln, Bitcoin dominance is consistently over 45.5 percent.

Top 10 altcoins remain calm, while Verge shows surprising growth

The top altcoins followed the main asset’s growth, increasing 1 to 3 percent. Stellar and Cardano are ahead of the market with increases of 8 and 5 percent, respectively. Beyond the top 10, there is more activity: VeChain grew an impressive 25 percent, NEM and BNB - by 10 percent. Yesterday’s leader Verge not only maintained its position, but also capitalized on its achievements, adding another 13 percent.

BTC/USD

Bulls managed to fulfill the task that we set before them yesterday - not just to keep the price at $7,000, but to make an attempt at $7,200. There’s more good news - almost all of Monday, Bitcoin price lazily dragged along the boundary of the descending channel, but was finally able to overcome it at the end of the day. Now, the main resistance for buyers remains the range of $7,200 - $7,300.



As is often the case, good news is followed by bad news, and we do have some. The main issue of concern is growth without volume. The amount and size of transactions is incomparable to what we saw over the weekend. Since April 1, the bears have not shown their influence. Because of this, we are under the impression that big players let go of the price for a while, letting the little guys enjoy the market game.

If buyers manage to hold the price above $7,200 today, with or without significant volumes, and if we see some real action at this level, then we can start discussing a possible trend change. In this case, the next target for bulls will be the range of $7,500 - $7,700. Until then, the downtrend scenario remains relevant, $ 6,000 is still calling the bears, although their task is becoming much more difficult.

LTC/USD

Despite Litecoin creator’s cruel treatment of his offspring, there is still life in the asset. At press time, LTC price is $120, while the day’s minimum value was $110. On the chart, we see the realized "double bottom" figure, which allowed buyers to confidently push off the support line.



Further lateral movement led to a timid break of the boundary of the nearest descending channel. If Bitcoin goes up, the first buyer target will be the level of $130, which gets a double confirmation in the form of the 0.382 Fibonacci extension and the mirror resistance.

But if the main asset continues on the path to $6,000, Litecoin price is likely to form a “triple bottom” at the level of $110 and then, if there is no rebound, sellers will move on to the psychological target of $100.

XRP/USD

During the weekend, the price of Ripple fell to $0.45 - this is the minimum value since mid-December 2017. The problem with volumes is even more crucial for XRP than for Bitcoin. The last surge in buyer activity was in the beginning of February 2018, and since then investor interest has been falling steadily.

This is indicated by the volume profile: for several weeks, the price has been below the last level with a significant amount of transactions - $0.62, and buyers have not made any attempts at an upward break.



In case of reversal, the first major target for buyers is the range $0.59 - $0.62, which is located between the 0.5 and 0.618 values of the Fibonacci expansion and coincides with several mirror levels. With a high degree of probability, the bulls will not be able to get any further on the first attempt.

With negative developments, the rate is unlikely to drop significantly, because XRP has suffered more than most other assets. If buyers are unable to form a “double bottom” from the level of $0.45, we believe the pain limit of investors to be at $0.4.

Source: https://cryptocomes.com/btc-price-leaves-danger-zone-ltc-still-kicking-xrp-abandoned-by-investors

[Cryptodetail]

No any significant news and BTC raises again Sometimes I think it's only media fault. But of course we need to praise bulls efforts.

[Jating]

OK. This is want I've been calling in the last couple of days as far as bitcoin is concern. Major resistance for me is still at $7100-$7200 but since it has been broken today at $73++ the next goal will be $7700. We have growth around $500 in the last couple of days so we really don't know if the whales is just letting go of the small players getting some minor profit or its just a beginning of a bull run or another trap.

So I still to an extend worry as the bears as still on the surrounding just playing around and not going to hibernate. If we go towards around $7700-$8K it will be a good sign that we might be consolidating for a future run. But if it doesn't hold, expect another minor dip. Its gonna be exciting how investors will react in the next couple of days, so just be very attentive of minor movement in the next 24-48 hours.

[Cryptodetail]

OK. This is want I've been calling in the last couple of days as far as bitcoin is concern. Major resistance for me is still at $7100-$7200 but since it has been broken today at $73++ the next goal will be $7700. We have growth around $500 in the last couple of days so we really don't know if the whales is just letting go of the small players getting some minor profit or its just a beginning of a bull run or another trap.

So I still to an extend worry as the bears as still on the surrounding just playing around and not going to hibernate. If we go towards around $7700-$8K it will be a good sign that we might be consolidating for a future run. But if it doesn't hold, expect another minor dip. Its gonna be exciting how investors will react in the next couple of days, so just be very attentive of minor movement in the next 24-48 hours.

Thank you for such a valuable advice. So, holding hands on sell button?

[Dany44]

04/04/18 Litecoin Outperforms Bitcoin, Monero and NEO on Standby

A local uptrend, but no reversal yet. Market is green for the third day running, while balance of forces remains fragile

By the middle of the week, most crypto assets remain green just like the day before, showing growth that in some cases reached double digits. Communities are actively supporting their favorite projects, chasing up the price of individual coins by 20 (Verge, Lisk), 30 (Dragonchain), and 40 (Ardor) percent. A wave of light euphoria has swept the market, but while there are some occasions for joy, losing one's head at this moment is very dangerous.

Unreasonable euphoria can play a cruel joke on investors

For the second day in a row, the bulls are enjoying continued success, but let’s first look at the chart (Bitcoin’s, for example) and then look truth in the eye- bears have not yet mounted an active resistance. This is not because the market ran out of sellers, they are just waiting for the right moment to open short positions.

Over 24 hours, the total capitalization increased by $15 bln, to $275 bln. Bitcoin dominance, on the contrary, fell by five tenths and is now 45 percent, which indicates that funds are starting to be transferred from the main asset to the altcoins.

The top 10 coins are led by the struggling Litecoin, which gained nine percent, followed by Ripple with an increase of eight percent. We analyzed the situation with Ripple in yesterday's review, given the extent of the dip, this growth leaves us somewhat cold. The remaining assets gained an average of two to three percent, including Bitcoin.

BTC/USD

During the previous day's trading, Bitcoin price rose to $7,500, with a subsequent relatively slight fallback to the level of $7,250. Once again, we want to emphasize that growth remains quite organic for now, which means that big players have not influenced the price yet. This theory finds confirmation in trade volumes, which continue to decline.



Today, first and foremost buyers need to maintain achieved positions, namely, not to let prices drop below $7,240. This is the point of intersection for the most significant mirror level in the past three weeks and the 0.786 Fibonacci retracement.

If the buyers’ battle mission is not completed, then it is highly likely that Bitcoin, and the rest of the market with it, will resume its decline...

For continued growth, first the bulls need to overcome the boundary of the nearest descending channel. The key point on the chart is the intersection of the last boundary of the global descending channel, the ascending channel and the strong mirror level. It would seem that this arrangement is lacking some Fibonacci harmony value, but it is there- 0.5 of the leverage from March 21 to April 1.

The price expression of this point is $7,840, and the bulls need to be there by April 6. In case of an upward break, we will be able to confirm the formation of a new growth trend, but until then the markup speaks for itself, Bitcoin is still in a state of decline.

XMR/USD

Yesterday, Monero made an elegant enough exit from another descending channel, the break occurred in the context of good volumes, which once again confirms buyer interest. Now the boundary of the channel acts as support, and due to its gentle slope, the bulls have a better chance of not losing the initiative.



Thanks to the positive mood in the market, XMR reached $190 (we wrote about this goal earlier), then came up against the 0.786 Fibonacci retracement. In case of continued growth, the next target is still $200- it receives double confirmation. In a negative scenario, in addition to the support mentioned above, there is the level of $175 which coincides with the minimum from March 18. With a high degree of probability, buyers will make an effort to protect the level.

NEO/USD

The past two days brought temporary relief to NEO investors. The main achievement of buyers is returning the price to the global growth trend. However, given the precariousness of the situation and the proximity of the trend boundary, the price can tumble down at any moment.

In this case, the nearest more or less reliable support is at $45. The last line of defense for the bulls is the mirror support-resistance level formed in the middle of December 2017.



NEO has fewer prerequisites for growth than for decline, but if the celebration in the market continues, the bulls’ first target will be the range of $58-$60, which could coincide with the upper boundary of the downward channel acting as resistance. Given the uncertainty in the market, we still recommend that readers refrain from buying this asset.

LTC/USD

Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy.

Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained.



At the time of writing, the correction continues and the sellers are clearly going for $125. We described the further goals for the bears yesterday- they are $110 and $100 in case Bitcoin moves toward $6,000. A temporary stop will be made at $120. No matter how hard the Litecoin community is trying, the asset does not look like an attractive investment yet.

Source: https://cryptocomes.com/litecoin-outperforms-bitcoin-monero-and-neo-on-standby

[ajochems]

Here will be the latest price analysis for BTC and altcoins.
We appreciate your opinion.
Daily reviews are also placed on https://cryptocomes.com/pricewise

Thanks you very much.
I had plan to sell the bitcoin at this price due to some further reduction.But your report give some trust to hold the bitcoin .
I hope the price of bitcoin will reach some maximum value soon .And I will get some dollars for that.

[ericshareworld]

Thanks for the report. :obut I don't really care daily prices

[Dany44]

What is Trading and Cryptocurrency Trading, Their Main Features



Crypto trading and its features, the difference between trading and investing, trading tips

Trading is an operation where one party buys something from the other party in exchange of money. We do trading in our everyday life when we purchase foodstuff, clothes or even services.

This concept is also used for the financial markets where traders and investors buy and sell several types of assets and derivatives. Market participants purchase stocks i.e. for lower price and wait until their cost rises to sell them. The more the price rises from the purchase level, the more profit you can get.

This is how it works in general. Nowadays almost everybody can open an account with a special company, named broker (or find a cryptocurrency exchange) and start trading. Blockchain innovations allowed users to start speculations on their own (without any intermediate) as traders are able to enter special exchanges and to place orders to gain money on the price difference.

We are going to cover such subjects as history, basics, principles, examples, pros and cons of trading in this introducing article.

History of trading

First exchanges were established in Europe in XVI century. Their main goal was to provide merchants with marketplaces and the governments with the opportunity to place bonds. Trading with stocks and shares developed later as the response to growing commercial needs and companies’ expansion.

Such notion as “trader” appeared first with the establishment of London Stock Exchange in the end of the XVII century.

Meanwhile, stock trading appeared in Asia one century later. Rice exchange in Japan started to operate in XVII century. This period and geographical location are both interesting for traders as Japan is the home country for Munehisa Homma, who developed his famous Japanese candlestick method, allowing speculators to both read the price properly and to forecast future fluctuations.

Currency markets are younger. Forex appeared after the fall of the Bretton Woods system as European countries refused to support gold standard (a system, where currencies were linked directly to gold). Cryptocurrency trading emerged in early 2010s when first exchanges started their activities.

Small retail traders and investors were enabled to start trading in the end of 1980s with the appearance of margin trading. In the early 1980s some British dealing companies began to offer services to those individuals who had lower capitals. In 1986, most central banks accepted this trading mechanism and allowed almost unlimited opportunities for people to speculate and to invest in different types of financial assets.

What is the difference between trading and investing?

There is a big difference between those two notions. The main task of investors is to gain profits gradually, by purchasing and holding assets until their price growths. They also buy stock to get dividends.

Trading, on the other hand, involves more frequent buying and selling of assets as speculators aim to generate returns from the price difference.

There is one more thing to pay attention to. Investors have less performance than traders. The first group may be content with 10 percent of annual profit when the second group may have about 10 percent monthly.

Nowadays this line between traders and investors is almost invisible especially within the cryptocurrency industry. Investors there are long-term (or position) traders while traders are speculators holding their positions for hours or days.

Find more on topic https://cryptocomes.com/what-is-trading-and-cryptocurrency-trading-their-main-features

[Dany44]

04/06/18 Short Break for Investors as Bitcoin, Litecoin, Monero, NEO Prices Freeze

Bitcoin critical support still holds, but the future is uncertain. The market is frozen by indecision

All that the market could achieve by the end of the week is a continued state of uncertainty and indecision about taking the initiative, shown both by bulls and bears. Nevertheless, the data of technical analysis indicates that on Friday and over the weekend the situation can evolve more rapidly and, possibly, dramatically.

Market capitalization grew by a tiny $5 bln in the course of the day , and the assets are exhibiting multidirectional movement. Most of the growth is in altcoins: in the first 100, of special note are Tron (plus 35 percent) and Ontology (plus 30 percent) which, by the way, has been growing steadily, even against the market, since the launch of the project. In the top ten, EOS distinguishes itself once again, gaining 10 percent.

Crypto not welcome in India

Despite the success of individual coins, the general trend does not leave any room for doubt. The news about the alleged ban of cryptocurrencies in India added fuel to the fire. Later, it turned out that actually, it was not a ban, but some restrictions imposed by the Central Bank of India on individuals and legal entities that deal with cryptocurrencies. The market’s reaction was not too acute, but this news is a clear example of the new wave of FUD that we spoke about yesterday.

BTC/USD

Bitcoin spent the last 24 hours in lateral movement within a small price range from $6,600 to $6,900, and at the time of writing it’s trading exactly in the middle - at $6,750. Reduced volatility has led to the creation of an equilateral triangle which should be resolved soon. The price nearly reached the apex of the triangle, once again confirming the lack of initiative in the market - usually, such triangles are already activated at three quarters of their height.



Taking into account that BTC has not been able to break away from the boundary of the ascending channels, as well as the general downward trend, we assume that the price will exit down from the triangle. The first decline target is $6,600, then $6,000 and then - according to the scenario that we described just yesterday.

There is still a chance to push off the current values ​​and take an excursion upward, in which case the goal range will be squeezed between the 0.618 and 0.786 Fibonacci extensions and the price levels of $7,150 - $7,300. It is important to understand that slight local growth in the current situation does not negate the possibility of further decline.

LTC/USD

Litecoin continues to loiter on the bottom, with an increasing risk of making that bottom even deeper. On Thursday, the volatility of the asset decreased significantly, as did trading volumes. Now it’s a hostage of the situation, and does not have any independency. It doesn’t look any better or worse than the market, but given previous “successes,” it’s not attractive to investors.



The range of LTC fluctuations on Thursday was only $5 - the price chart practically stretched into one long thread. Some resistance from above is given by $120, below there is $110 and the boundary of the descending channel as support. A local Bitcoin reversal could help its little brother reach up to $130, but there are no signs of that for now. In case of decline, all bear targets remain relevant: after breaking through the support, we can expect a fall to the region of $100.

NEO/USD

NEO is in a situation that is very similar to Litecoin, so let's be brief. Lateral trading can either become a good springboard for growth or a future resistance in case the price goes even lower. The activation of the global wedge (red convergent trend lines) doesn’t look realistic at this point.



The key NEO support is at the level of $42 - $43, and the intermediate support is at $45. Under the less likely growth scenario, the first target for bulls is located at the 0.5 Fibonacci expansion - exactly $50. Further, buyers will encounter resistance in the form of the boundary of the ascending channel, which can be difficult to overcome.

XMR/USD

Monero looks somewhat better than LTC and NEO, but only due to the fact that the price is not contained by the nearest descending parallel channel. The buyers deserve no credit for this, however - XMR just fell out of it, without volumes or enthusiasm.



The level of $160 seems to be a good aid for investors: the price has rebounded from it 3 times already, although the next storm in the Bitcoin Sea will have no trouble punching a few holes in this support. Now, as before, the bottom is at $150 - it’s enough to look at the chart and observe the powerful mirror level to confirm the truth of this. In case of descending to these depths, we expect a worthy response from the buyers, and encourage our readers to consider purchasing this asset.

Source: https://cryptocomes.com/short-break-for-investors-as-bitcoin-litecoin-monero-neo-prices-freeze

[Dany44]

04/09/18 BTC Tries to Escape Critical Level, NEO Skyrockets, Monero Deserves Some Rest

Buyers take initiative while bears rest over the weekend. The market is up, at least for now

Over the past weekend, the depressed cryptocurrency market was slightly enlivened not so much by trading volumes, which are still insufficient for a change or a solid confirmation of the trend, but by the news cycle. Although there was some surge in buyer activity, it’s still not enough for the radical change that everyone is waiting for, without actually making any effort to hasten it.

George Soros changes mind about Bitcoin

The main newsmaker was George Soros, who previously spoke of Bitcoin as a bubble that he does not want to deal with. Time goes by, people change (even at 87 years old), and the Soros fund is beginning to trade in cryptocurrency.

Ethereum’s April Fools

The second person who has been in the spotlight of the crypto community for the past few days is Vitalik Buterin. It seems that there was some truth in the April Fool’s joke about putting a hard cap on Ethereum, or at least these measures are being actively discussed by developers. Usually, deflation mechanisms that are built into assets with a hard cap increase the asset price over time. We’ll see how this innovation (if it is implemented) will affect the price of Ethereum.

By the beginning of the new week, the total market capitalization is $270 bln, which is $15 bln more than on Friday, April 06. Bitcoin dominance decreased slightly and is 44.7 percent. In the top 10, NEO is leading with a gain of 13 percent, followed by Ethereum with 6 percent, and the rest of the assets increased by an average of 2 to 3 percent during the day.

BTC/USD

Bitcoin buyers managed to bring about a small miracle at the weekend and keep the price above two important supports. However, let's not be deceived - this was possible only because the bears did not show any serious resistance. In any case, at the time of writing the price is $7,100, which is $500 more than at the end of last week.



The key resistance today is the range of $7,200 - $7,300. If the bulls manage to surmount it, a potential trend reversal will begin to take shape. Above, the price will encounter the upper boundary of the last parallel descending channel, which is a serious obstacle to growth.

Support levels that should help buyers succeed are $6,900, where the boundary of one of the parallel channels intersects with the 0.382 value of the Fibonacci grid, and $6,800, represented by the boundary of the long-term ascending channel.

The previous four-hour candle is green and filled out with good volumes, which can instill confidence in investors and lead to further purchases during the day. Whether this is enough to break the global downward trend - we will find out very soon.

ETH/USD

Revival in the camp of Ethereum developers has breathed life into the asset and we finally see a slight increase in volumes. In addition, it should be noted that the $360 - $365 zone has become a support, which is looking quite reliable for now..



A figure resembling a saucer has been formed on Ethereum’s price chart. The logic of this formation is that of reversal, however, for its activation, substantial purchases are required at the level of $415.

In this case, a local turnaround can help the asset reach the $440 zone, where it will encounter the heavy thundercloud of a strong resistance in the form of a mirror level, a strong 0.382 Fibonacci level and the boundary of one of the parallel channels.

Such bastions are not taken on the first try, so a price fallback is to be expected. How strong this fallback will be, and how buyers and sellers will respond to it, will determine the further prospects of Ethereum.

NEO/USD

What Ethereum buyers have yet to accomplish, the fans of its Chinese brother have already achieved - the NEO chart can be used as a visual aid for beginning traders on the topic of "figures of technical analysis." We see a fully activated saucer: the breaking through the neck of the figure has caused a phenomenal increase in volumes comparable to the purchases of February 6 and March 18 corrections.



The bulls will have difficulty keeping the pace that has been set - although NEO had demonstrated rapid growth in a short time earlier, for that to happen the market needs to fulfill certain prerequisites.

If the price gains a foothold above $55, where the asset is trading at the moment, we can expect lateral movement during the course of the day with an average high of $58. This will allow the bulls to draw a nice flag and move on to storm $60 - $62.

However, if the price falls back from the current values, we expect a correction with the testing of the 0.236 Fibonacci level, corresponding to $53. At the moment, NEO looks better than the rest of the market, but it’s essential to remain vigilant - Bitcoin remains undecided on the direction of its movement.

XMR/USD

The Monero chart resembles NEO again, but so far we can’t see either the exit from the figure or the volumes. It’s an alarming sign that buyers did not show activity even after the break through the parallel descending channel. Although, in the past two weeks XMR has often performed better than the market and now deserves a bit of rest.



The sellers were not able to lower the price below $160 and now it has become a support with triple confirmation. Given a stable Bitcoin, the price of Monero should not fall so low, but this level should be kept in mind.

While the asset is trading above that - there’s nothing to worry about. In case of continued ascending movement, the next bull target is $190, where a double top will be formed. In addition, the level coincides with the 0.382 Fibonacci extension, and therefore will be difficult to overcome.

The link: https://cryptocomes.com/btc-tries-to-escape-critical-level-neo-skyrockets-monero-deserves-some-rest

[MAJICOIN]

Analysis is very helpful to me and now the people are following these reports that through this way we can make profit like if we check the trading sites regularly then we will come to the point that which time is good to buy the bitcoin and other altcoin for the future and through this we can expect the future growth of different altcoins for me it is the best way to check the coins history.

[Dany44]

04/10/18 Market Down Again, No Surprises from BTC and ETH, Hard Times for LTC and XRP

Bears didn’t take long to recover. The market is red again with Bitcoin struggling close to support line, while Litecoin and Ripple are in trouble.

Having let the young bulls feed on the cryptocurrency pastures for the weekend, on Monday the bears came out of their dens and showed the market who is (still) the boss. Two days of upward movement were corrected literally within two hours, and investors were left with deceived hopes, again. We have repeatedly warned our readers about remaining cautious - in the context of a global downtrend, any local successes may turn out to be a trap.

As a result, the market lost about $10 bln, and the total capitalization by the beginning of Tuesday is $260 bln. Bitcoin dominance is declining for the second day - this time, to 44.3 percent.

Verge emerges on the market surface again

Despite the fact that the most assets are in the red, some projects continue to push against the trend. Primarily, these are our old acquaintances Verge (with an increase of 18 percent) and Ontology (plus 14 percent).

They were joined by Golem, growing by 12 percent, Mixin, with an impressive increase of 45 percent (which looks more like a pump) and Polymath with 25 percent of growth. Coins from the top 10 are moving in harmony today: the decrease was 3 - 6 percent for all assets.

BTC/USD

Yesterday, the bulls failed to achieve the goals that were assigned to them through technical analysis, and as a result Bitcoin could not hold on to the hard-won levels. A 10-day maximum sale volume forced the price down to $6,620, once again testing the strength of the ascending channels. One of them (formed in the middle of July 207) was easily broken, the second (from March 2017) is holding for now - and Bitcoin ended up in a trap.



If buyers are able to escape this trap within a few hours, then today we can expect lateral trading from current values ​​to the levels of $7000 - $7100. The price is inside the parallel descending channel again, the boundary of which creates an additional obstacle. At the same time, the chart is showing a fully formed bearish flag, the activation of which will point toward $6000, if the sellers lower the price below the yellow support line. The situation remains uncertain.

ETH/USD

Another Bitcoin drop prevented Ethereum buyers from fully activating the saucer figure. The price reached $430, which is $10 less than the goal from yesterday's review, and began the correction. The good news is that the depth of the drop was only $30, which inspires some optimism given the weakness displayed by ETH investors earlier.



The crossing ​​of the 0.236 values of two Fibonacci grids clearly indicates the key level for Ethereum, from which the most significant movements will occur - this level is $415. Transition to confident growth is possible only after the price gains a confident foothold above that. In the negative scenario, $360 is still a serious support - investors will certainly do their best to protect it.

LTC/USD

From the point of view of both technical and fundamental analysis, Litecoin looks entirely unattractive for investment at the moment. It’s enough to look at the chart to see this.

LTC is inside a long-term descending channel and there is no hint of impending change. Not only is the price dangerously close to the critical level of support, the trading volumes fail to confirm any interest from buyers.



In addition to all the troubles, the chart shows a forming figure that distantly resembles “head and shoulders,” the activation of which takes the price to $90. We don’t expect such a dramatic development, but neither can we rule it out. At a more conservative estimate, the target for bears is the range of  $100- $105. Our recommendation to refrain from trading Litecoin is still in force.

XRP/USD

The current situation with Ripple is so similar to Litecoin that the same conclusions can be applied to both. The price of XRP is also clinging to the critical support, the chart also shows the formation of something similar to "head and shoulders," trading volumes are more than modest.



There are no hints of growth, while the targets of a possible further decline are very clear: if $0.45 does not hold, the bears will aim for the range of $0.42 - $0.4. It’s unadvisable to even think about entering long positions, until there are at least some positive signs - about which we will happily inform our readers, of course.

The link: https://cryptocomes.com/market-down-again-no-surprises-from-btc-and-eth-hard-times-for-ltc-and-xrp

[Cryptoprimes]

We should wait till Soros and Rockefeller go shopping

[Dany44]

04/11/18 Bitcoin Price Not Moving, Ethereum and NEO Climbing With Investor Support

Ethereum and NEO prepare a springboard for further growth while Bitcoin rests at $6,800. The market remains calm, and yet unpredictable

As we have seen several times now, uncertainty is the market’s favorite state in the middle of the week. The prices of the main asset and the top altcoins are once again stuck at a crossroads, giving no signals for further growth or decline. Market players are beginning to get used to low volatility and are losing their vigilance, for which they are likely to be punished at the most unexpected moment.

Altcoins draining funds away from the main asset

The total capitalization of all assets has not changed: it is $265 bln, which is only $5 bln more than the previous day. For the cryptocurrency market, such a small fluctuation can practically be attributed to statistical error. Bitcoin dominance, on the other hand, deserves notice, coming down to 43.7 percent by Wednesday. This indicator has been falling for three days running, which points to the flow of capital away from the main asset. The logic of investors is simple here - it’s called “entertain yourself.” When the market is calm, attention can be shifted to the search for promising altcoins.

BTC/USD

For almost two weeks, Bitcoin has been in a lateral movement within the narrow range of $6,400-$7,500. Several relatively strong bursts of activity among sellers and buyers brought trading volume and fortified this level. On the left trading profile, we see that the fair price for the period since Jan. 15 is still at $8,250, but the current range has already risen to second place in terms of the number of transactions and is likely to become a new basis for further movement.



Bitcoin’s daily price change was just around $200- ranging from $6,650-$6,900, so our prediction from yesterday was correct. Buyers hesitated on getting out of the trap and were able to overcome the resistance only by the second half of the day, having no strength left to increase their success.

We are not expecting much activity from the opposing parties today, either. It’s probable that in the course of the day the ascending channels will be tested- at least the green one, but if the decline touches on the yellow also, we may see Bitcoin at $6,500 again. Today's local maximum is unlikely to be more than $7,000, which coincides with the value of the 0.5 Fibonacci expansion, or $7,150, where buyers will be greeted by the 0.618 value of the same grid.



If nothing extraordinary happens, the uncertainty should be resolved by April 14-15. At that time, Bitcoin might fall out of the long-term descending channel which is likely to trigger purchases. Until then, the chances remain of seeing Bitcoin at $6,000.

ETH/USD

For the second day in a row, Ethereum is doing better than the market and pleasing connoisseurs of technical analysis with beautiful figures. Today, it’s a "cup with a handle," which often forms as a result of an unsuccessful activation of the "saucer." In order to bring the figure into action, buyers need to break through the "neck" line at $435. This does not look like an impossible task, but it requires favorable conditions - at the very least, Bitcoin must hold above the levels of its supports.



In case of the figure’s activation, the target of the bulls is $475 and the boundary of the descending channel. However, this is a fairly optimistic scenario. More probable is a continued lateral trade at the level of the 0.236 Fibonacci expansion and a rebound down from the “neck” line. The most important thing in the current uncertain situation is that Ethereum has a safe margin of decline to the level of the local minimum of $360, which means investors will be able to wait out Bitcoin’s drop if it’s not too steep.

NEO/USD

We noticed that recently NEO and Ethereum, being assets of the same type, are moving together. Today, once again, NEO is showing results that are similar to its big brother. The initial purchase volume, which we saw on Monday, continues to influence the price- the interest of buyers has subsided somewhat but remains consistently high compared to last week.



The immediate goal for the bulls is $58- it coincides with the 0.382 Fibonacci extension and the mirror level. To achieve it, the boundary of the parallel descending channel, which stopped growth the last time, will have to be overcome. If this is accomplished, then even a double top at the level of the previous local maximum is unlikely to help the bears hold back the onslaught.

Just like Ethereum, NEO is gathering a reserve of resilience in case the heavyweight Bitcoin gives the market a cold shower again. The level of $44-$45 is a relatively reliable support for the asset, and the price is moving away from it more and more.

The link: https://cryptocomes.com/bitcoin-price-not-moving-ethereum-and-neo-climbing-with-investor-support

[Dany44]

04/12/18 Altcoins Grow With Litecoin, Ripple and EOS Leading the Race; Bitcoin Lags Behind

Bitcoin’s lateral movement gives chance for altcoins to show themselves. LTC and XRP are on rise, EOS surges.

While the first half of Wednesday was filled with doubt and caution, by the end of the day there was a breakthrough, all positions were in the green, trading volumes increased many-fold and the market was filled with euphoria again.

This time, Bitcoin was not the catalyst- its price practically hasn’t changed since yesterday. In our opinion, this was how tension in the minds of investors was released- through the fear of losing profit, as altcoins seemed to reach bottom and had no plans to fall further.

As a result of the efforts of active buyers, capitalization increased by $12 bln and is now $277 bln, while Bitcoin dominance plummeted to 42.7 percent, continuing the trend and confirming yesterday's conclusions. For a little while, the lateral movement of the main asset allowed altcoins to spread their wings.

Another airdrop boosts a coin’s price

Former unity is gone from the top 10- the coins are growing without any regard for their neighbors.

Today’s absolute leader is EOS, growing by 50 percent- an incredible feat for a top asset! This growth was sponsored by the news about the upcoming airdrop of eosDAC tokens for all EOS holders with the support of the large Korean exchange Upbit.

Notably, the trading volumes of EOS in Korea are especially high, comprising nearly half of the global amount.

In second place at today’s rally is NEO, with a gain of 10.5 percent, followed by Cardano with 8.5 percent, and Ripple - somewhat unexpectedly-  in fourth place with seven percent. The remaining assets show more moderate growth of four to six percent. Bitcoin is the outsider today- an increase of 1.5 percent is laughable compared to the success of other coins.

BTC/USD

In the previous review, we predicted a lateral movement for Bitcoin on Wednesday, with highs around $7,000-$7,150, and we were right.

Our attention was caught by a figure that does not appear in textbooks on technical analysis, but clearly has some power over the price - let's call it the "fish head." It seems that the situation should be resolved in the course of today, more specifically- in its second half.



Given the proximity of the $7,000-$7,150 range, which is a resistance in view of the presence of mirror levels, as well as the strong 0.5 and 0.618 Fibonacci expansion values, a false break through the figure is possible. Although considering the bullish sentiment in the market, the fallback is unlikely to be significant. For now, most indicators are suggesting that Bitcoin will move upward, but we can’t forget about the treachery of bears who have interrupted growth more than once before.

If buyers manage to overcome gravity and break out of the lateral trade, today we may see a test of the boundary of the long-term ascending channel, and then a sprint toward $7,500 where another resistance awaits. In case of a negative scenario (we are watching for the break of the figure!), the fall to previously indicated targets remains in force, although it becomes less likely given buyer excitement.

EOS/USD

For almost three weeks, EOS was resting at the level of $6, preparing, as it turned out, for explosive growth. The surge was only slowed down by the mirror level at $9.2. Three more days remain until the airdrop, so we are likely to see another upward sprint.



In the context of the current situation, it’s not quite accurate to discuss bull targets - the ongoing events are more like panic purchases, rather than cold calculation and purposeful actions.

However, the set of supports and resistances hasn’t gone anywhere. At the moment, we see the maximum price in the range of $10-$10.5, which is constrained by the mirror level on one side, and the 2.618 Fibonacci expansion on the other. The next growth spurt will be difficult to implement without a small fallback. With a high degree of probability, EOS will make a recovery stop in the region of $8.

It’s difficult to predict how much the price of EOS will fall after the conclusion of the airdrop- it all depends on the state of the market on Sunday. It’s possible that those $8 will become the fair price for the asset for a period of time. In any case, we recommend that EOS investors remain cautious and closely follow the events on Sunday. It is advisable to set stop-loss orders at just below $8, or partially book profit upon reaching $10.

XRP/USD

Yesterday, Ripple returned to the ranks of assets that draw the interest of investors- this is indicated by the significant initial purchase volume. The last time when we saw such activity was in early March.

As a result, XRP almost reached the level of $0.56, where the 0.382 Fibonacci retracement value is located.



The nearest growth target, with multiple confirmations, is $0.59, followed by $0.62. No descending channels are pressing down on the price anymore, so everything depends only on the zeal of bulls and the love of investors. The worst is over for Ripple, since the critical support level ($0.45) has been left far below. Cautious purchases will not be in conflict with common sense.

LTC/USD

Once again, many parallels can be drawn between the graphs of Litecoin and Ripple, so we will keep this brief. We also see a surge in buyer activity, confirming that despite all adversity, Litecoin cannot be completely discounted.



In case of continued ascending movement, the main task of the bulls will be breaking through the boundary of the descending channel and the “cementing” of the $120 level, after which they can try for $130-$132.  Protection is provided by the support zone in the narrow range of $109-$112. It will hold up in any scenario, except that of Bitcoin traveling towards $6,000. Despite the enlivening in Litecoin trading, we still recommend that readers avoid active purchases and direct their attention to other assets.

The link: https://cryptocomes.com/altcoins-grow-with-litecoin-ripple-and-eos-leading-the-race-bitcoin-lags-behind

[Dany44]

04/13/18 Bitcoin, Ethereum, Ripple Benefit From Market Growth, Monero Needs Support

A mysterious buyer saves Bitcoin from another drop, initiating market reversal. Ripple and IOTA lead the growth

Let's commit this date to memory: April 12, 2018. Perhaps it will go down in history as the day when a powerful upward trend was born in the cryptocurrency market, carrying the assets up to new, previously unexplored heights.

But even if this does not happen, it has been a long time since we’ve seen such unpredictable and dramatic trading. For those who missed it, we’ll give a brief description of the bacchanalia that transpired, peppering the story with some authoritative commentary.

Deus Ex Machina saves the day

At the beginning of the day, Bitcoin was not doing very well. The figure that we analyzed in yesterday’s review was punctured downward, technical indicators and graphical analysis suggested that a further fall is not only possible but probable.

Altcoins joined the main asset in the dreary outlook. But, at exactly 11 a.m. (UTC) a mysterious buyer appeared on the playing field and began to buy up Bitcoin at the market price of $6,800. He lit a green candle the likes of which we have not seen since November 2017.

As a result, Bitcoin price grew by $1000 in a half hour, and the market moved to a new existential logic. It seems that the price of $6,800 turned out to be a comfortable one for a big investor. At the same time, the temptation to buy lower could have played a cruel joke on him - if Bitcoin dropped to $6,600 again, dragging it out of that hole would have been much more difficult.

Market cap surges 10 percent

Market capitalization has grown rapidly by more than 10 percent and currently stands at $337 bln. Of course, all members of the top 10 grew in relation to the dollar, but the best results are shown by IOTA (plus 25 percent), Cardano (plus 19 percent) and Ripple (plus 16 percent). Among outsiders today was EOS with a modest 4.5 percent increase and Litecoin with an increase of eight percent. While EOS deserves a rest after yesterday's rally, the same cannot be said of Litecoin.

BTC/USD

Without exaggeration, the huge purchase volume helped Bitcoin easily overcome the important resistance at the $7,500 level, which has now become a support. Perhaps in the near future, we will see a retest of this mark, but so far it is not limiting growth, and neither is the descending channel that has been left far behind.



The price is forming a beautiful bullish flag, indicating a target of $9,200. A realistic view of the situation does not allow us to rely on such a scenario: on the way down, the Bitcoin submarine gathered a lot of passengers who were suffering losses and dreaming of an exit that was at least equal to the price of purchase.

At the same time, we see a well-formed gently inclined upward trend, in which the price can continue to move for some time. In this case, a correction to $7,500 will be logical.

As we did yesterday, we are closely watching the price’s exit from the figure. An upward activation will allow the bulls to go for $8,300-$ 8,500, while a downward break will lead prices to the nearest support level.

ETH/USD

Despite the false downward break of the "cup with a handle" figure, further developments turned out to be positive for investors. Assisted by the explosive growth of the rest of the market, Ethereum reached its first goal of $475, fell back a little, and after several attempts broke the boundary of the long-term descending channel. Encouraged by their success, the bulls did not stop and continued to push the price to the level of 0.618 Fibonacci expansion - $500.



The next buyer target is $540, but as in the case with Bitcoin, we do not expect an immediate continuation of rapid growth. In our opinion, a retest of the boundary of the descending channel, or at least of the $475 level coinciding with the value of 0.5 Fibonacci expansion, would be quite appropriate.

XMR/USD

Unlike other assets, Monero will encounter a few more parallel descending channels on its growth path before the downtrend will release this coin from its embrace. One obstacle was respectably overcome yesterday, the next is at the level of $200.



Similar to the Bitcoin graph, we see a bullish flag with a $215 target. As often happens, this goal finds several confirmations at once - the mirror level and the boundary of the last parallel descending channel. After passing this milestone, nothing will hold XMR back. Given a negative development, we could see a fallback to the nearest support - $180, where it will be sensible to consider acquiring the asset for the medium term.

XRP/USD

In the course of the prolonged correction, Ripple suffered more than many other coins, so it is not surprising that in the absence of negative fundamental news (as in the case of Litecoin), it is recovering faster than the market.



On Thursday, XRP price exceeded the targets we set yesterday and almost reached $0.67. Overcoming this mark is a key factor for continued growth - it's a mirror resistance level, which confirmed the significance on Feb. 2 when the trading volume for Ripple was at its maximum, as well as the point of intersection of the values ​​of 0.786 and 0.236 of two Fibonacci extensions.

If the bulls can break it, the next target is at $0.72.

Since we expect a slight price fallback for most assets, we will also designate a level for Ripple: with a high degree of probability it is $0.59, which coincides with the 0.5 value on the  Fibonacci grid.

The link: https://cryptocomes.com/bitcoin-ethereum-ripple-benefit-from-market-growth-monero-needs-support