Daily price analysis BTC + ALTCOINS

[Dany44]

04/16/18 Growth Trend Continues For Bitcoin and NEO, Litecoin and Monero Struggle

New week- new trend? Bitcoin and NEO reach local maximums over the weekend but are likely to require a recharge

Another trading week begins, and we can’t wait to find out what news it will bring for investors. Perhaps it's time for a local correction? Or will we see a continuation of the trends that started last week? This scenario, at any rate, would fully satisfy the bulls- during the weekend, the market continued to climb almost without fallbacks and Bitcoin price increased to $8,460.

Explosive growth slows down

The total capitalization has almost reached the level of $340 bln, which is $10 bln more than on Friday.

The increase is due both to Bitcoin and to the top altcoins, as well as some coins of the second tier. Unlike on Friday and Saturday, by the beginning of Monday, we are not seeing 30-40 percent “rockets” for individual assets. In the overwhelming majority of cases, average daily growth rates do not exceed five to seven percent.

Bitcoin dominance has not changed over the weekend and is 42 percent, another confirmation that the market growth is balanced, without disproportion between the main asset and altcoins.

BTC/USD

The young growth channel, which we pointed out in our Friday survey, received several confirmations and one extension. Now, it is constrained from the top by the mirror level, which can be not only horizontal but also inclined. Movement in this channel allowed the price to reach the target range of $8,300-$8,500 quite easily, followed by a fallback to $8,000 which the buyers met with equanimity.



The main task for the bulls now is to close out the day no lower than the previous 24-hour candle- that is, at the same level of $8,000. If the expectation becomes drawn out and the parties show hesitation now when Bitcoin is trading at $8,100, the initiative can move into the paws of the bears.

In this case, a correction to the range of $7,400-$7,600 is possible, which will not cancel the growth scenario.

We believe that Bitcoin will continue to move in the upper register of the ascending channel today. The immediate goal of the bulls is the resistance zone at $8,600, followed by $9,000-$9,200, where the really heated battle will unfold. While our views on the situation remain bullish, a possible local fallback can be viewed as an opportunity to build up long positions, which is what we recommend to our esteemed readers as well.

LTC/USD

Unlike its parent, Litecoin has not yet formed an ascending channel which could be relied upon. Instead, we see a cascade of rising minimums that are forming a section of a parabola.

Even the news about partnership with the TenX payment system could not help the asset- the memory of LitePay’s failure is still fresh in investors’ minds, and they are hesitant to fall for the same trick twice.



During the weekend, the maximum price was $134, which was followed by a correction to the 0.236 Fibonacci grid level. A decline to the 0.382 level of the same grid, which is $125, is not compulsory, but permissible. Even in that case, Litecoin will continue to build a basis for further growth. A more significant price drop won’t break the current picture of technical analysis but will indicate an extreme buyer weakness.

As for growth targets, the first is $137, which coincides with a powerful mirror resistance level. In case of overcoming that- it’s on to the region of $150. However, it is essential to understand that Litecoin can achieve its goals only under the conditions of full market growth. At the moment, the asset can’t swim against the current.

XMR/USD

Once again, Monero’s chart reminds us of Litecoin- the main conclusion here is the same: bulls have not yet managed to form an ascending channel. At the same time, we see periodic bursts of purchases, not accompanied by strong subsequent fallbacks, which may indicate that big players are entering long positions.



A slight correction to the level of $190 completely fits into the logic of continued growth, but it’s best not to let sellers go lower- in that case, the lateral trading figure will be broken.

On the other hand, for a strong price increase, there are two obstacles- the boundary of a long-term descending channel and a zone of strong resistance at $208-$220. At the moment, Monero is at a crossroads, and we recommend that readers avoid hasty investment decisions.

NEO/USD

Compared with other assets, NEO is demonstrating the most confident growth. On the chart, we see a clear growth channel, in which the price has been moving for 10 days straight. At the same time, the steepness of the channel imposes certain demands on the bulls, which will not be easy to fulfill. Therefore, we believe that in the near future the channel will be broken downward.



In this case, a correction to the 0.5 value of the Fibonacci grid is possible- into the mirror-level region of $62.4. While bullish sentiment prevails on the market, we don’t see any reason for the price of NEO to fall lower than that. In the asset’s analysis, the easiest thing to see is the perspective growth target- it’s clearly visible at $80. Just how quickly it will be reached is a much more complicated question, but we believe that it will not happen in the next two days. As stated above, today we expect a minor correction and horizontal trading in the range of $62-$70.

The link: https://cryptocomes.com/growth-trend-continues-for-bitcoin-and-neo-litecoin-and-monero-struggle

[rumexx]

Every thing is still speculation but one thing is so sure is that whatever affect bitcoin will affect altcoins either positively or negatively. Let us wait and see at least for the past 5 days prices has been stable.

[timbereagle]

Today and Tomorrow is a bit critical for BTC and ALt prices. 16th April (USA last Tax day) 17th April (BTC contracts deadline). Therefore we can expect some wild swings like 400 USD.

However I expect higher prices by end of the week.

[Bitcoincole]

Today and Tomorrow is a bit critical for BTC and ALt prices. 16th April (USA last Tax day) 17th April (BTC contracts deadline). Therefore we can expect some wild swings like 400 USD.

However I expect higher prices by end of the week.

The price is still unpredictable to happen and besides there is no connection between USA tax Day into the swinging of price value of bitcoin and alts currency because its a decentralized currency as cryptocurrency. In addition to that i always monitor the flow of chart so that i can give myself an analysis on the trends must go on.

[timbereagle]

Today and Tomorrow is a bit critical for BTC and ALt prices. 16th April (USA last Tax day) 17th April (BTC contracts deadline). Therefore we can expect some wild swings like 400 USD.

However I expect higher prices by end of the week.

The price is still unpredictable to happen and besides there is no connection between USA tax Day into the swinging of price value of bitcoin and alts currency because its a decentralized currency as cryptocurrency. In addition to that i always monitor the flow of chart so that i can give myself an analysis on the trends must go on.

basic: price is related with speculation. If most of traders speculate price will be higher because of some event, price will rise.
It is not related with result or nature of event. It is about expectation management and speculation.

[Dany44]

How to Trade Cryptocurrencies

Eight steps to start cryptocurrency trading and how to avoid common mistakes

Almost everyone has heard about Bitcoin, altcoins and the opportunities that they offer not only to those, who own them but also to those, who speculate or invest in cryptocurrencies. The number of traders is growing every day and the beginners want to know how to trade cryptocurrencies and to earn money in this industry. We have decided to create a guide for crypto traders with a step-by-step explanation of how to begin and what to do.

Step 1. Find an exchange

The first thing every trader has to do before starting his or her career is to choose a place where to place orders (to buy and to sell cryptocurrencies). There are several exchanges nowadays offering services to different types of investors.

How to find a good one? We are going to write a separate guide, but here we give you some key points. What aspects are important to pay attention to before creating an account? They are the following:

1. Reputation of an exchange. When you find one, look for more information about its activities and reputation. Read traders’ testimonials. However, do not forget, that those testimonials may be bought by exchange or its competitors.

2. Security level. Early exchanges like MT.GOX and the others had very poor security levels allowing hackers to breach their systems and to stole traders’ money. Nowadays many websites use hot and cold wallets, multisig and other serious methods to ensure the safety of investors’ funds.

3. Trading conditions. This is an important factor as exchanges offer different commission plans for depositing and withdrawals, as well as for inner trading transactions. Some websites have no inner commissions at all (like Cobinhood, for example).

4. Depositing and withdrawal methods. There are two main types of exchanges. First offers Bitcoin, Ethereum and several popular coins along with fiat money. You can use banking cards and some electronic payment methods to deposit and withdraw from there. Second offers hundreds of altcoins, but as for depositing and withdrawal, you can use cryptocurrencies only.

5. Trading platform. Some websites offer Tradingview platforms with different types of analysis tools like indicators, lines, channels, Fibo and the others. On the other hand, some exchanges offer simple and primitive trading terminals with Japanese candlesticks and timeframes. There are no analysis tools there.

6. Order types. Professional investors prefer websites with different types of orders including limit, stop losses, take profits and the others.

7. Verification procedure. Privacy is the key advantage of the crypto industry. However, the majority of exchanges require verification.

Recommendation:

Before you take the final decision to start trading with one or another website, try to contact their support service. Pay attention to how fast and complete the answers are.

Step 2. Create an account

When the first step is done, meaning you have found an appropriate exchange, your next step is to create an account. Almost all exchanges have a simple sign up procedure. You need to create a login, provide an email address and a password.

Registering procedure comprises email confirmation. Some websites recommend installing two-factor authentication in order to increase account safety level.

Recommendation:

You may be asked to complete the account verification procedure in order to remove the restrictions. We strongly recommend providing the exchange with correct personal data as you will be required to send your ID documents scan copy.

Step 3. Choose your coins

Bitcoin is not the only one nowadays. There are hundreds of different altcoins that you may invest in or speculate on. Professional traders advice to choose a couple of coins to start. The wide range of cryptos is good for diversification. However, beginners are recommended learning more about each asset they are going to buy, especially when they are going to invest. Why is this necessary?

First, when you plan to buy a cryptocurrency in order to hold it for a long time, you need to understand what is behind its price. Every coin is not simply a currency, but a project using some technology and offering some benefits to the users.

Ethereum, e.g., is a platform for developing decentralized applications and smart contracts. The last serve to conduct any kind of business without intermediaries. Monero is a secure and untraceable cryptocurrency, allowing users to conduct transactions with a high level of anonymity.

In order to understand whether it is a good idea to invest in this or that coin, you need to analyze whether it is promising or not. Every project has its own website and whitepaper, which are a kind of a presentation. Moreover, you can find detailed coins’ reviews on our website, which facilitates forecasting procedure.

Second, you need to compare the price of the chosen cryptocurrency with its perspectives with regard to its technology. Some coins may grow for no apparent reasons. There are risks of a pump & dump manipulations in this case. Such cryptocurrency is not for long-term investors as once manipulators reach their goals, they will dump coin and its price is likely to fall towards the initial levels (before the pump and dump strategy was launched).

As for traders who speculate on coins in short term, they also need to learn more information about the cryptocurrencies they are going to trade. However, as they buy and sell currencies within a couple of hours or days, they are better to pay more attention to technical analysis.

Find more on topic https://cryptocomes.com/how-to-trade-cryptocurrencies

[Dany44]

04/18/18 Monero and Ripple Ready to Surprise Investors, While All Eyes are on Bitcoin

Monero and Ripple are getting ready to please investors, but Bitcoin could ruin those plans.

The psychology of the market is a curious thing. A week ago, Bitcoin at $7,900 seemed like a heaven-sent miracle, and today this price for the main asset is making players if not panicked, then certainly discontented and irritated. It’s understandable: when you are expecting a sharp rebound, and instead get a prolonged flat, plans for quick enrichment must be adjusted. But the market is a living organism where something is always happening. It’s full of opportunity for those who are prepared to seek and wait.

Capital redistributed within the market

Capitalization of all cryptocurrencies is $325 billion, completely unchanged since yesterday. Bitcoin dominance, however, has fallen to 41.3 percent, which indicates an active redistribution of capital within the market.

For the first time in a long while, we are seeing a lack of unity in the top 10: half of the assets are red, half are green.

Bitcoin and Cardano are showing the worst results - their prices have decreased by about 2 percent. Stellar and Litecoin are in the lead today, with an increase of 10 percent and 3.5 percent respectively.

BTC / USD

The yellow line of resistance, which we applied to the markup yesterday, has confirmed its significance: after several unsuccessful attempts to break it, Bitcoin price went to test the nearest level of the Fibonacci retracement. The $7,800 mark is holding for now, but the lack of good purchase volumes and the formation of a bearish flag are hinting at a possible capitulation.



The formed “head and shoulders” figure, whose neck line has already been broken, also fits into the scenario of further decline for Bitcoin price. The dimensions of the figure indicate the target of $7,500, which coincides with a strong mirror level from April 3 and is located in the middle of the $7,400 - $7,600 range that we mentioned previously.

The activation of this figure is only one of the possible scenarios, and finding a foothold above $8,000 during the day will call into doubt a deeper correction - but for now, it seems like a logical development.

LTC/USD

In the past two days, Litecoin has been feeling more confident than the rest of the market. The reason for this - being listed on the Korean stock exchange Korbit. Thanks to this news, the asset is seeing trade volumes that inevitably lead to a change in price. Indeed, it increased by 11 percent, but disappointment with Bitcoin's lack of growth seeped into the Litecoin investor camp as well - the result, a correction to the 0.382 value of the Fibonacci grid.



On the chart, we see a formed ascending channel, similar to the channels of other assets. At the time of writing, its lower boundary is at $130 - we will take this value as the minimum that is acceptable for a safe continuation of growth. Bitcoin’s approach to $7,500 may well force Litecoin price lower, but then the channel will be broken and it will be necessary to start all over again.

We suspect that the surge in volumes and the sharp increase in the price of Litecoin will not last long, and everything will return to normal after the excitement of the asset’s exchange listing passes.

The perspective target is still $150, coinciding with the 0.618 Fibonacci expansion, but first there needs to be some trading in the range of $135 - $143.

XMR/USD

What the Litecoin investors still have to do, Monero fans are doing right now: the first thing that catches the eye on the chart is the lateral trade in the range of $190 - $205. Because of it, the price has formed a beautiful bullish flag, which is practically resting against the boundary of a long-term descending channel. Of all the possible scenarios of preparing for the break through a strong resistance, this is the most effective one.



Given the bulls’ success, $220 will become the target with a triple confirmation (dimensions of the figure, the mirror level, the Fibonacci grid).

Confident readers can try to trade from the break in the boundary of the channel, with a stop-loss order in case of a false break. As for the correction scenarios, the level of $190 is stll looking like a reliable support for buyers.

XRP/USD

Ripple is showing us another bullish figure. It’s an isosceles pendant, and the target of its full activation - $0.88. The maximum activation time for this formation is by the middle of the day  on April 20, but we believe that the break will happen sooner. If only half of the figure’s height is realized, which happens quite often, a more modest target is $0.75.



Unfortunately for holders of long positions, the price can pierce the figure downwards  - a lot depends on the state of Bitcoin during the decisive moment for Ripple. In this case, a fall back to $0.60 is possible, so short-term investors should consider stop-loss orders on the lower facet of the triangle.

The link: https://cryptocomes.com/monero-and-ripple-ready-to-surprise-investors-while-all-eyes-are-on-bitcoin

[ahoenk]

That is the best chart analityc so far. Well..sometimes we need to take the price not very seriouse the picture made my day. I bet that chart is newbie chart or people chart who used laverage in bitmex. Of course they will get fucked if they trade with laverage.

[waitforme]

In the image you post I realize that investors prefer to become less profitable investors than to become winners. The market went down trying to minimize losses, the market went up and put confidence in it when buying and then cut back losses as it goes down. Investors are trying to put their money into a black hole.

[Dany44]

04/19/18 Volume Surges for Monero and NEO, Bitcoin and Ethereum Gathering Strength

Rise and shine, cryptomarket! Altcoins fortify the growth trend, while Bitcoin trails behind.

The week has gotten over the hump, and the price of Bitcoin has gotten over the critical level of resistance, once again giving the market some for a continued uptrend. But hopes and illusions are dangerous allies, especially when dealing with a market where manipulation is flourishing, and big players keep trying to drive the guppies into a net. We don’t want to intimidate readers, and there is no questioning the trend. All we want to emphasize - always evaluate events critically and do not succumb to suggestion.

Capitalization rises as Bitcoin makes room for altcoins

Unlike Bitcoin, which is keeping afloat but not showing any outstanding results yet, altcoins have become the principal drivers of market growth.

Over 24 hours, capitalization has increased by almost $25 bln to $348 bln, which is the best growth indicator since last week, when a mysterious buyer helped the market out of the crisis. Bitcoin dominance is rapidly declining and has reached 40 percent.

Stellar and Bitcoin Cash outperform growing market

As many as 4 assets from the top ten are showing double-digit growth numbers. Stellar is leading with an increase of 20 percent, boosted by the news of a partnership with an international payment software provider Novatti group. It is followed by Bitcoin Cash (plus 16 percent), which has gotten some attention from CNBC. The third place on the pedestal is shared by Ripple and NEO - both grew by 11 percent in 24 hours.

BTC/USD

Despite repeated breaks through $8,000, buyers still managed to keep the main asset from falling, which reduced the likelihood of correction here and now.

We are also noting an increase in trade volumes. They may be quite modest for now, but judging by the shape of the candles, these are real trades that confirm the interest of a large number of participants, rather than solo performances of a few major players.



The minimum goal for buyers is to hold the mirror level of $8,200, where Bitcoin is trading at press time. This is followed by the previous local high of  $8,450, which coincides with the 0.382 value of the Fibonacci extension. If this level can be approached, overcoming it should pose no difficulty. And finally, the maximum goal - the testing, and possibly a break through the boundary of the ascending channel, coinciding with another level of lateral trading - $8,700.

Never forgetting about caution, we continue to consider the scenario of a local correction in case of another price fall below $8000. The decline targets indicated in yesterday’s review remain relevant. Any more-or-less significant correction of Bitcoin can put the market’s altcoin festivities in question. But investors don’t seem to be planning to draw back, so today the scenario of decline is less probable than the scenario of growth.


ETH/USD

Compared to other altcoins, Ethereum is looking pale for the last two days, but the devil is in the details and, despite first impressions, investors have not been wasting time. First of all, without any unnecessary fuss, the range $490 - $530 has been traded, now becoming a a launching pad for further price movement. Second, the ascending channel received another confirmation.



The price is attempting to leave the completed figure, the dimensions of which are pointing to the perspective target of $615. The path to Olympus is a long one, and the bulls will encounter a number of obstacles, which are also intermediate targets - $550, formed by the 0.382 value of the Fibonacci expansion and $580, confirmed by the closest significant mirror level. A fallback from the current positions by breaking downward through the ascending channel is possible but unlikely. In that case, buyers will find support in the range of $480 - $490.

XMR/USD

Yesterday's forecast for Monero was exactly on point, and the bulls’ target of $220 was executed with high accuracy. However, even we underestimated the amount of capital that flowed into the asset after leaving the long-term descending channel. Thanks to the strong support of investors, on Wednesday the price went up to $230, where it remains now.



On the way, Monero broke through the ascending channel, and now, to build its extension, it will take a bit more time and data.

The asset continues to look better than the market, the perspective goal is at $260, where the bulls will certainly meet with a rebuff.

It is quite likely that before continuing the climb, investors will be obliged to take a little break - the range $220 - $ 230 is perfectly suitable for this purpose.

NEO/USD

Unlike Monero, NEO is behaving very predictably, so we can be brief. The gently inclined ascending channel which we outlined yesterday remains relevant - the price is testing its upper boundary, but there are not enough resources to break through yet.



However, growing volumes confirm the interest of investors, so growth is very likely to continue. The nearest target - $80 - is confirmed by a strong mirror level.

If the bulls need more space for a running start, a slight fallback to the region of $68- $70 is possible - but it does not pose any threat to the current positive situation.

The link: https://cryptocomes.com/volume-surges-for-monero-and-neo-bitcoin-and-ethereum-gathering-strength

[wack slacker]

Many thanks for your analysis. I've bookmarked your browser toolbar. Can you analyze some other crypto? I want to have the results of Boscoin, Nuls and ADA analysis. Thank you!

[Dany44]

Many thanks for your analysis. I've bookmarked your browser toolbar. Can you analyze some other crypto? I want to have the results of Boscoin, Nuls and ADA analysis. Thank you!

Nice to hear it! we try to analyse the performing of the leading cryptocurrencies now but also will add some new coins to our daily analysis

[Dany44]

04/20/18 Ethereum, Ripple and Litecoin Reach Growth Targets, While Bitcoin Hesitates

Bitcoin consolidates around $8,000, giving investors some time to enjoy altcoin growth

The market is growing, Bitcoin is not. This short phrase is enough for an exhaustive description of the current situation. If you just look at the price of the main asset, growth is not apparent: most investors expected a reprise of the winter scenario when Bitcoin set the direction of the movement initially and altcoins entered the game a month later. Now we see the opposite situation and, most likely, the profits earned on the growth of other assets will eventually become fuel for the heavyweight Bitcoin.

Internal resources for growth can’t last forever

Meanwhile, the primary cryptocurrency is losing ground: while the market capitalization grew by another $20 bln in 24 hours (up to $360 bln),

BTC dominance fell to 38.5 percent. One and a half percent is a record daily decline in this indicator since the beginning of the year. This leads us to believe that growth is supported in large part by money which is already in the market, rather than an inflow of "fresh blood."

When the last signs of FUD (which are already fading out) finally give way to a positive informational background, we will see another rally, funded by the resources of new investors.

BTC/USD

Bitcoin has not yet earned back the love of investors, the best confirmation of which in the cryptocurrency market are, of course, volumes- they remain at an average level. Therefore, the buyers only managed to fulfill the minimum goal set for yesterday, keeping the price above $8,200. At $8,380 there is a mirror resistance level, which exerts more pressure on the asset than we expected. After overcoming this level and breaking the “double top” pattern, the bulls can test their strength in reaching the next target range of $8,600-$8,700.



Keeping in mind the presence of a manipulator in the market, the price movements described above could be called “small potatoes,” although out of respect to the oldest asset, the official term is “organic growth.” At any moment, we could see a long green candle (like the one that turned the market around on April 12), or a red one with a length of $500-$700.

During the weekend, the prospective target for buyers is the interval of $9,200-$9,300, coinciding with a strong mirror resistance level. However, it is quite likely that some investors will decide to book profits at the psychological mark of $9,000. In case of negative developments, Bitcoin can fall back to the nearest resistance at $7,800-8,000. We also continue to keep in mind the level of $7,500, but the likelihood of reaching it has diminished since yesterday even more.

ETH/USD

As we expected, the prolonged lateral trading in the range $490-$530 ended with Ethereum’s growth to the first of its short-term goals - $580. The error was less than one percent, as the previous day's high was in fact $588, followed by the expected fallback.



With the bullish sentiment still prevalent on the market, the depth of the fallback should not be too great- according to our estimates, buyers will find support at the 0.382 value of the Fibonacci grid, at $555, and the minimum price in the near future should not fall below $530.

Even in that case, the ascending channel will not be broken. The next target for the bulls has not changed- it's $615, and under favorable circumstances, it can be reached within the next few days.

XRP/USD

We invite our readers (especially those, who follow our recommendations) to celebrate- another goal has been executed with perfect accuracy. By the end of the week, Ripple has reached $0.75 and $0.86 and now deserves a break for the weekend. For continued growth, the asset will probably need to stay at lower levels for a bit.



It is possible that after breaking the ascending channel, the price will form a bullish pennant when it is retested. This will allow for the continuation of upward movement, with the goal clearly visible now at $0.95. However, the asset is already looking overbought, so the correction to the range of $0.79-$0.77 is more likely.

Growing volumes confirm that Ripple is not forgotten, and investors can expect to see good profits in the medium term.

LTC/USD

We conclude our review with the chart of Litecoin, which did not fail us and has gracefully moved through the ascending channel to the $150 mark. In accordance with market law, the asset must now cool down a bit, and it will be doing so around $142.



Given certain fundamental problems, in the context of a Bitcoin correction, its younger brother is risking a test of lower levels and the boundary of the ascending channel. In price terms, this is $137. And if the market continues to grow, then the next stop, theoretically, can be at $160.

Let's not forget that Litecoin is a dependent asset and does not possess the self-sufficiency of Ripple, for example. So, if our readers really want to trade it, they must carefully monitor the situation in the market as a whole.

The link: https://cryptocomes.com/ethereum-ripple-and-litecoin-reach-growth-targets-while-bitcoin-hesitates

[noah tall]

 These seem great, you can check out the analysis after the day and see what did what. You should probably have better platform (website, reddit, chat etc) to compact these into one place instead of open forum which is difficult to track of. I would definetly suggest telegram for one.

[Dany44]

Bitcoin Trading For Beginners: Trade Bitcoin Like a Profi

Bitcoin trading, how to find best opportunities, factors, affecting Bitcoin’s price

Bitcoin is the first cryptocurrency ever, which attracts many traders and investors nowadays. This coin appeared in 2009 and was a kind of a miracle for that period. However, traders and investors paid almost no attention to it.

Nowadays, Bitcoin trading is very popular due to the opportunities that it gives to investors. The price for a coin has reached almost $20,000 by the end of 2017 as a huge number of investors have bought this cryptocurrency. Later, the price declined below $10,000. However, the interest for Bitcoin is high in the moment of writing and this tendency is likely to grow in future.

With this huge uptrend, many beginner traders and investors want to buy the first cryptocurrency, but they make many mistakes that result in losses. We are going to describe Bitcoin trading for beginners in this article.

What are the main factors that influence Bitcoin price

In order to buy BTC, you need first to learn the main factors that may affect its price. However, before you do this, you have to understand that cryptocurrencies have some specifics that distinguish them from traditional fiat money.

The main difference is that they are all decentralized. Traditional currency price depends on central banks’ policies meaning those financial institutions may affect quotes by simply changing their decisions on interest rates, for example.

As for cryptocurrencies, there is no a single body nor issuing them neither controlling their volume. The good news here is that you need no traditional analysis tools to predict Bitcoin’s price. There is no central bank’s meeting to follow or economic data to monitor. The bad news is that you need to pay attention to demand and supply in order to forecast Bitcoin’s price which is not sometimes an easy task to complete.

As for the supply, it is limited by the nature of this system. The total volume of Bitcoins is 21 mln units. It is to mention also that new coins appear by means of a so-called mining (when miners solve several math problems in order to validate transactions and support systems integrity and safety).

This is a clear advantage of Bitcoin as its price is likely to grow in future due to the fact that the supply is limited. Once the total volume will be reached, there will be no further emission of coins.

The demand for Bitcoins depends on several factors including the possibility of using coins to conduct transactions between individuals and legal entities and cryptocurrency’s investment attractiveness.

Key factors that affect Bitcoin’s demand

Let’s have a closer look at what can influence cryptocurrency’s demand. The first aspect is its effectiveness as a mean of payment. In other words, you need to understand what are the advantages of Bitcoin as compared to traditional currencies.

It is to mention that BTC has met several problems during the past year. The rise of its popularity resulted in a decrease of transactions’ speed and time and increase of its costs. This lack of scalability has made several users to pay attention to other coins such as Ethereum for example, which have no such issues.

Traders and investors need to know that Bitcoins transactions may cost above $5-10. However, even if you pay this amount to miners, there is no guarantee, that your transaction will be executed in the nearest future as other users may offer even higher rates.

Transactions’ privacy

This is one of the most significant Bitcoin’s advantages. There is no financial monitoring of such transfers meaning nobody except you and sender/recipient know all the details of a transaction. The good news here is that you can use it for different purposes including commercial operations. The bad news is that this privacy prevents Bitcoin from being widely officially accepted by governments.

There are countries that allow their citizens to use cryptos, but their number is limited. In addition, there is no general idea how to regulate Bitcoin and altcoins as means of payment and how to describe them. This prevents coins from being easily integrated into an  international financial system.

The number of legal entities ready to accept Bitcoin

In 2009, Bitcoin was a kind of a game as there was no a single shop ready to accept Bitcoin as a mean of payment. However, things have changed and nowadays, some companies offer an opportunity for buyers to use Bitcoin and even several altcoin to pay for goods and services.

However, Bitcoin still loses the competition to traditional money because of many factors including high transaction fees, low operational speed etc. There is one more thing to pay attention to. Bitcoin’s price is volatile meaning it may grow or fall for a couple of thousands of USD in several days.

Why this aspect is negative for adoption of cryptos as payment mean? Let’s suppose one online shop has sold some goods for one BTC (the price of Bitcoin was $9,000). In the next couple of days, BTC’s quotes went downwards and reached $7,000 level meaning this online business has lost around $2,000. In order to prevent those losses, businesses have to stay in direct contact with exchanges in order to convert Bitcoins into fiat money.

Find more on topic https://cryptocomes.com/bitcoin-trading-for-beginners-trade-bitcoin-like-a-profi

[Dany44]

04/24/18 Bitcoin, Litecoin and NEO Promptly Reach Bullish Targets; Ethereum Overachieves

Bulls run into their targets like they are red flags - Bitcoin and altcoins are rising

By the beginning of Tuesday, the upward bullish trend has found a long-awaited development, and the goals we had indicated for a number of assets last week have finally come true. According to the rules of the game, now the market needs to cool down before continuing the movement, but the bulls seem to be on a roll and may take some time to slow their pace.

Market cap sees $25 bln cap spike with bulls’ success

Capitalization of the market has crossed over the round quadricentennial mark in the past 24 hours and is now at $425 bln. Bitcoin dominance, which stayed at 38 percent most of the previous day, has given way by 0.5 point, to 37.5 percent. Bitcoin Cash continues to attract the flow of capital and the attention of investors, growing by another 20 percent after a slight fallback.

Another Bitcoin fork emerges

Bitcoin Cash is joined by another hard fork of the main asset, Bitcoin Gold, which showed an impressive growth of 30 percent over 24 hours. Dash concluded Monday with a more modest, but still respectable result - an increase of 15 percent. The coin is in 12th place among assets by capitalization, and Monero is right next to it, in 13th. This proximity will make it interesting to see which of the privacy coins will win the love and the money of investors. The rest of the top altcoins show moderate results of 4 to 7 percent.

BTC / USD

Yesterday's Bitcoin activity could exhaust any trader - several times, the asset approached the realization of a “bearish wedge” pattern. It was barely kept from going under to the dangerous support level of $8,800, where buyers could lose their nerve, turning into sellers. However, by the end of the day, with double the average volume, the bulls were able to push Bitcoin one level higher into the price range of  $9,100 - $9,300.



The next target for bulls is represented by the level of $9,500, and given that someone big and powerful is obviously keeping Bitcoin from falling, we are not ruling out the possibility that this target will be reached within a day or two.

On the other hand, the price has pushed up against the boundary of another ascending channel, which is giving additional resistance. Therefore, we believe that today and possibly tomorrow, the asset will be trading inside the ABC triangle, after which we will either see the bulls’ goals achieved, or a correction toward the range of $8,600 - $8,400. We recommend that our readers actively protect their profits with the help of stop-loss orders.

ETH / USD

Last week, Ethereum not only did not lag behind the market, but often outperformed it, so the overall growing trend allowed it to achieve the goal of $615 without much difficulty, where an attempt was made to bring the price down. But the buyers did not leave the asset to be torn apart by the bears, and followed up by reaching the mark of $670.



Ethereum practically pushed up against the boundary of the ascending channel, which is already steep enough to just break upward through it. Therefore, we expect lateral trading with a possible fallback to $630.

The next goal for short-term investors is suggested by the value of fair price since the beginning of December and the 0.618 Fibonacci expansion - it's $ 690 - $700.

After reaching the mark, we can see a trend change, not necessarily to a downtrend, but perhaps to a more gently sloped one. The medium-term goal of $800 already looms on the horizon, but it is too early to predict how it will be reached.

LTC / USD

Though slower than its closest neighbors in the top 10, Litecoin is still growing steadily, reaching $160 yesterday. Its channel is more gently sloped and wider than Ethereum’s, so it has a larger margin for lateral trading - which is what we are expecting today.



After that, another spurt to $170 is likely, where Litecoin will meet a very strong resistance. The situation is aggravated by the passage through the target price of the inclined mirror level of support-resistance, indicated by the green line. So, after reaching this mark, we expect the price to fall back at least back to $160, at most to $150 with the subsequent formation of a new movement logic.

NEO/USD

Two ascending NEO channels with different slopes have formed a single channel, limited not by straight lines, but rather by curved ones - this channel has determined the asset’s movement for almost 20 days. The maximum price was recorded at $79.3, so we’ll consider our target of $80 to be reached.



Further developments can be very rapid.

The volume profile tells us that above $80 and up to $100, the volume of sales and purchase transaction was not significant, which means that buyer and seller interest is not concentrated in that range.

In any case, we determine $100 to be the next target for bulls. To achieve this, NEO will probably have to gather strength in the range of $70 - $80, and the price minimum in case of correction will be at $66.

The link: https://cryptocomes.com/bitcoin-litecoin-and-neo-promptly-reach-bullish-targets-ethereum-overachieves

[Dany44]

EOS Trading for Beginners: How to Trade EOS Profitable

EOS trading, how to find best entry points, comparing EOS with Ethereum

Trading cryptocurrencies is not as easy as it may seem. However, those who have appropriate knowledge are able to invest in cryptos profitably. In this EOS Trading Guide for Beginners we are going to provide you with necessary information about the project, coin and its specifics. We are also going to compare EOS with its closest competitor – Ethereum.

EOS is a blockchain platform for dApps. The idea behind this system is to provide users with best known practices allowing businesses and private persons to benefit from high level of security and computing support.

One of the main advantages of this platform is that it will allow users to conduct thousands transactions per second. This level of scalability is out of range for Bitcoin and even Ethereum nowadays. The aim of the team is to create a complete operating system for decentralized applications giving the opportunity to user to benefit from high level of security, server hosting and cloud storage.

EOS trading. The main features of the project

Before an investor or trader puts his or her money into this coin, it is necessary to learn the main features of this system.

One of the main specifics of this network is its high security level. All users accounts have different permission levels. There were several updates of the system allowing users to store their data off the blockchain. There are also some features helping EOS clients to restore access to their compromised and recover stolen accounts.

Another great feature of EOS is its scalability performance. There is no doubt that future of cryptocurrencies as payment method depends not only on security of data transfer, but also on how fast the transaction may be executed. Bitcoin and Ethereum use PoW consensus method, which is criticized by the crypto community nowadays.

EOS uses another method, which focuses on transaction instead of the state of the whole system. This allow to significantly increase the speed of message exchange within the network up to one million per second.

EOS team and coins

Before trading EOS or investing in this coin, one need to learn more information about the project’s team. The system is created by Block One company, led by Dan Larimer. This person is famous in crypto industry as he was founder of Bitshares and Steemit.

As for EOS coins they are listed on most of major trading places and have medium liquidity level as compared to other cryptos. EOS is on the fifth place in the list of market capitalization according to coinmarketcap in the moment of writing.

Comparing EOS and Ethereum

Once you have decided to trade EOS or hodl it, you need to know the closest competitor of this project. EOS is designed to create dApps and smart contracts meaning its rival is Ethereum.

Despite all the similarities that EOS have with Ethereum, those projects are not the same and this information is important for traders and investors in order to understand whether to put money in EOS or not.

Target audience

Many investors think that EOS and Ethereum are the same but they have different target audience. EOS adepts think that this platform will be more decentralized as it uses Proof of Stake consensus mechanism as compared to Ethereum, which works on Proof of Work.

EOS is supposed to be the host of different decentralized applications that would high costs if run on Ethereum platform. There is no transaction fee within the EOS network.

Technical differences

EOS team aims at overcome scalability, functionality and usability issues that Ethereum has currently. To do this, developers have implemented delegated Proof of Stake protocol, which helps to eliminate the bottleneck that Ethereum network has currently. Another reason to use it is the ability to freeze the network and to fix broken applications without affecting other accounts.

EOS has chosen this DPoS mechanism to add more democracy into their network meaning no party will be able to consolidate enough coins (PoS) or computing power (PoW) to control the whole network.

Additionally, EOS team expects the system to process 1,000 operations per second and to increase this number in future up to 100,000 transactions. However, Ethereum developers also work on scalability as they seek to introduce Casper technology, an update that will help the network to be more scalable.

As you may see, there are several differences between EOS and Ethereum and it is not clear whether the first is able to “beat” the second.

Find more on topic https://cryptocomes.com/eos-trading-for-beginners-how-to-trade-eos-profitable

[Dany44]

04/26/18 Bitcoin, Ethereum and NEO Hold Up Against Bears, Ripple Faces Unpleasant Surprise

Enough or not enough? That is the question. Correction may continue as Bitcoin is in no hurry to bounce back.

Yesterday’s correction did not come as a surprise to us - nor, hopefully, to our readers, nor, it seems, to most market players. Bulls and bears have been preparing for this event in advance - there was no panic or haste in their actions, and behavior of most asset prices was predictable.

Now, when the technical indicators have “cooled,” and the overbuying of coins subsided, upward movement can continue inside the global growth trend which has maintained its boundaries. This is what buyers expected - but could it be that the market has no surprises in store?

EOS and Bitcoin Cash look better than the market

As a result of today’s events, capitalization was once again thrown beyond the  $400 bln mark, which has become the Rubicon dividing global growth and market decline. With few exceptions, all positions are in negative territory, with losses of 8 percent for Bitcoin, and 9 to 12 percent for altcoins.

EOS is looking better than the market, becoming the most “hyped” asset of the month - its price fell only by 2.8 percent. Interestingly, this is echoed by Bitcoin Cash, whose crazy rally did not end in catastrophe. It seems that the patrons of the coin are seriously intent on proving to the market that Bitcoin's main rival is not an empty prospect.

BTC/USD

At the moment, Bitcoin’s minimum price since the beginning of the correction was $8,670 - that is, the decline stopped between the first and the second goal, of which we spoke yesterday. Next, we see two possibilities of development.

Given the shape of the last four-hour candle (hammer pattern), it can be assumed that the next candle will be green. In that case, we will expect growth at least to $9,050, and then, possibly, to $9,200. After that, it would be good to test the upper green channel and if it holds, to begin recovery. This scenario seems the most logical.



But who says that manipulators (who have repeatedly revealed themselves during the past two weeks) will allow events to unfold as they are expected to? For this eventuality, we have prepared a scenario with lateral trading inside the wedge either above or below the boundary of the green channel, the formation of a figure similar to “head and shoulders,” a breakthrough at point 1, testing of the 0.382 level of the Fibonacci retracement, and finally an arrival at our second target, $8,400. The next few hours will tell where the price will move and whether correction will continue.

ETH / USD

In Ethereum trading, events took a rather dramatic turn. On one hand, we have to give their due to the buyers who were able to keep the asset inside the growth channel which, given its steep incline, was not an easy task.

Judging by the above average trade volumes, investors need Ethereum alive and well.

On the other hand, despite all efforts, the price is still rather close to the boundary of the channel, and to make it worse, below the 0.236 Fibonacci level, which is an additional resistance.



With an eye on Bitcoin, which is hesitating with some indecision, we are betting on a break through the channel. Further, the most likely scenario would be a testing of the previous local minimums at the $600 mark first, and then a descent to the 0.382 value of the Fibonacci grid, which coincides with a strong mirror level of $575.

In case of stronger negativity, we allow a further decline to the next target of the bears - $535, but this is unlikely for now. If the market does provide such an opportunity, it would be a waste not to take advantage and grow long positions in Ethereum at an attractive price.

NEO / USD

Unlike Ethereum, NEO has already fallen out of all possible channels (even the exotic curved one). Before a full recovery, the asset will have to overcome the $75 mark, which is where the resistance is now. Although, this will become a problem only in case of a prolonged lateral movement by Bitcoin.



Potential areas of further decline in case of negative developments are  $69 - at the level of previous lows - and then $64, which coincides with the mirror level and the 0.5 value of Fibonacci retracement.

Near the second goal lies the boundary of the long-term descending channel, the breaking of which will be actively resisted by buyers with a likelihood approaching 100 percent. Let’s not forget about the $60 mark, important for NEO, but for now such success for the bears does not look realistic.

XRP / USD

We saved the Ripple chart for dessert. With just one glance, the eye is drawn to the red candle with a huge lower shadow reaching to $0.50. This is how the collection of stop-losses looks on the Bitfinex exchange. When a protective order for a substantial sum is triggered and there is no nearby purchase order for a similar volume of assets, the price gets dragged down, catching other stop-losses in a chain reaction. This continues until the snowball is shattered against the impassable buy wall, which in the case of Ripple was exactly at $ 0.50, and then bounces back almost to initial values.



Interestingly, this pattern is not repeated on other stock exchanges - it is more typical for Bitfinex. However, let’s leave the shortcomings of algorithms on the conscience of Bitfinex developers.

For us, this means that a big player has left Ripple and is not going to defend his position. On the other hand, despite these events, prices barely decreased, which indicates that other players are gaining interest in the asset.

The nearest resistance for Ripple is at $0.85, and it will be difficult to overcome without a general positive atmosphere. As for possible targets for further correction, they are represented by the set of $0.77 (again), then $0.73 - 0.75 (the boundary of the ascending channel) and, finally, $0.71. We believe that the latter will be reached only in the context a strong negative development in the market.

The link: https://cryptocomes.com/bitcoin-ethereum-and-neo-hold-up-against-bears-ripple-faces-unpleasant-surprise

[Dany44]

04/27/18 Bitcoin, Ethereum and Monero Fight Off Bears While Litecoin Retreats

Guess what? Another surprise! The market defies expectations as Bitcoin rises to $8,325.

The deviousness of the market as a whole and of its individual subjects is limitless. Yesterday we had the opportunity to observe how the money gets taken away from traders who forgot about caution and risk management.

Manipulators, with the eager assistance of exchange bots, twisted prices this way and that, directing them according to their own wishes and against market orders.

As a result, correction was replaced by growth, and the crowd, having expected (not without grounds) a further decline in cryptocurrency prices, rushed to increase long positions again.

Capitalization bounces around as Bitcoin dominance stays still

The total capitalization of the market continues to leap back and forth around the key mark and amounts to $416 bln by the beginning of Friday. Bitcoin dominance surprises us with its stability - it has not deviated from 38 percent for several days now.

The absolute majority of the top 10 coins grew by 4 to 6 percent. Stellar, having grown by 20 percent, is in the vanguard today, justifying its logo in the shape of a rocket. It’s followed by IOTA with a more modest, but still above average, increase of 12 percent.

BTC / USD

Despite all the stars in the sky of technical analysis that aligned in favor of further correction, in the second half of past day we saw a sudden price jump to the level of $9,325, coinciding with the boundary of the parallel ascending channel.

At the same time, the chart clearly shows that in the course of 24 hours trading volumes for sales remained consistently higher than for purchases. Why was this the case? We were following the trades closely and we know the answer!



It seems that the exchanges are on a course to sustain the value of the main asset in spite of market sentiment. We are primarily thinking of Bitfinex here, but we’re sure it’s true to some extent for other exchanges as well.

As soon as a large Bitcoin lot was sold, an exchange bot would rush in and fill the remaining void with a string of minimum purchases, bringing the price back to the original value.

One can only imagine the pain this must have caused to traders who parted with long positions. The market is turning out to be a veritable Wild West!

As for potential further price movement, two options are possible. The chart shows the formation of a bullish flag, the full-fledged activation of which can bring prices to the level of previous local highs at $9,650 - $9,750. For today, this would be enough for the bulls.

At the same time, we may be dealing with a false upward price exit. Even though the bearish wedge was broken, point 1 can still serve as the door to further correction. In this case, yesterday's review, with all of its indicated goals,will not lose relevance. At present, the key level is located at $9,200. If the bulls (or manipulators) manage to hold the price above it, then the first scenario is more likely - otherwise, the second.

ETH / USD

Ethereum investors can breathe a sigh of relief: the asset did not embarrass them and survived the correction with dignity. Even if we see a second wave of price declines, the coin has formed a margin of safety which will allow it to stay inside the growth channel for some time. The markup that we placed earlier also remains in force.



The boundary of the ascending channel remains the most important support for Ethereum. If during continued correction it is broken through, the next support for buyers is at the 0.236 level of the Fibonacci grid and coincides with $630.

This is followed by the 0.382 value of the same grid and the price $575. Considering how well the asset is holding up, our third correctional targe of $535 becomes increasingly more illusory. As with Bitcoin, the growth scenario is currently limited by the previous high at the level of $710.

LTC / USD

Unlike Ethereum, Litecoin has left the ascending channel and, given the turmoil in the market, it will have a difficult time returning there. At the time of writing, the asset is trading at an equilibrium price of $150 and is ready to follow in the direction where its commander Bitcoin will point.



The diligence with which the remaining fans of Litecoin protected the level of $145, coinciding with the 0.382 value of the Fibonacci retracement, deserves respect. Long lower shadows of candles indicate a decisive stance, but that won’t help the asset if Bitcoin updates previous local lows.

In such a case, the next, and very likely last, stop on the way down will be the level of $137, although the possibility of reaching $130 cannot be completely ruled out.

XMR / USD

It’s been a while since we’ve examined the Monero chart, but nothing critical has taken place in the meanwhile.

The return to the previous ascending channel while most assets have fallen out of theirs - or just barely holding on - is a good sign.



In the event of negative developments, the targets for bears are $245 near the 0.382 value of the Fibonacci retracement and $230, although the arrival at that mark is very questionable. More likely, buyers will try to hold the price at the level of $245 as long as possible, with the hope that Bitcoin’s drop (if it happens at all) will not go too far. It is too early to discuss growth targets - to begin with, Monero needs to reach its previous highs at  the level of $300.

The link: https://cryptocomes.com/bitcoin-ethereum-and-monero-fight-off-bears-while-litecoin-retreats

[Dwarf42]

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

You can see that today the market has started to be much more vibrant than yesterday, it can be seen that the day after the girl bitcoin has recovered to $ 9300 and the current time is showing signs I believe you can completely buy and trade altcoin at this time. There are so many altcoin are recovering very strong and are pump very strong price, you make a clear investment plan to be able to control their capital.