Daily price analysis BTC + ALTCOINS

[Dany44]

Ethereum Trading Guide for Beginners

Ethereum trading, main features of ETH, how to become professional trader and investor

Ethereum is a platform for decentralized applications. The concept of this system was offered by Vitalik Buterin in 2014. Canadian developer positioned his project as an alternative Blockchain system with brand new tools for developers around the World. This is a complete Ethereum trading guide for beginners, which will help you to understand how to buy this crypto and what are the main aspects that influence Ethereum’s price.

Why Ethereum looks attractive for traders and investors

This system has wider tools as compared to Bitcoin. Main Ethereum’s idea is to provide businesses as well as individuals with reliable tools for transactions and their activities.

One of the most interesting feature of this network is smart contract. It helps parties to cooperate without mediators. Those smart contracts are autonomous and are executed automatically once parties meet all conditions, written in this digital “agreement”.

Ethereum has better scalability than Bitcoin meaning the higher speed of transactions and their lower fees. The project has an open source nature allowing businesses to create their own Blockchains.

The key factors to influence Ethereum’s price

Ethereum is a decentralized network with no governmental body to supervise it or to affect coins’ price. There is no regulatory authority as compared to traditional markets where central banks have the right to issue currencies and to affect them by their decisions.

The only thing that matter here is the supply and demand. The higher the last is, the more expensive coins will be. Ethereum’s price has grown significantly since the first day but because of lack of liquidity, Ethereum remains volatile.

Cryptocurrencies’ trading is not an easy trip to do. You need to monitor several aspects in order to take a decision as they influence demand, which is crucial for Ethereum’s price. Here they are:

Experts’ opinion

This is one of the main factors that affect ETH’s cost. Those experts may be famous investors or developers from cryptocurrency community. Their comments are very important for traders and may result in huge price changes. It is to mention that Vitalik Buterin’s view is also a key factor that may influence Ether price.

In addition, Ethereum’s cost is vulnerable to opinion towards the crypto industry in general. When some famous investors such Warren Buffet make statements related to coins, their price may rise or fall depending on the nature of comments. Please, notice that Buffet is strongly negative towards this industry in general in the moment of writing.

Deployment of technology

Ethereum is more than just a cryptocurrency as this platform allows users to make contract and create dApps (decentralized applications). This is one of the key factors of Ethereum’s success. The wider this technology will be spread, the more users it will attract and the more investments Ethereum will get in future. This may positively affect ETH’s price.

Ethereum’s popularity grows as this technology attracts attention of both businesses and consumers. Smart contracts, for example, offer the opportunity to conduct transactions without mediators. How do they work?

Let’s see a simple example. A person wants to purchase some goods in an online shop. Before the appearance of smart contracts, buyers had to pay in advance and depended on banks. Smart contracts offer the opportunity to exclude all mediators between the business and its clients as they include all conditions of a transaction.

Let’s say a buyer purchase a keyboard online. He does all the necessary steps on the website. The funds, necessary to complete the transaction are frozen within the Smart contract, which includes the price of this keyboard, and the delivery conditions. Once the buyer receives the keyboard, he confirms the transaction and his funds are transferred to online shop.

Events and investors’ moods

Every professional trader and investor has seen at least one huge price drop irrespective of the market they trade. There was significant price falls on stock markets during 2008-2009 crisis period, provoked by investors’ panic and rumors.

In order to make Ethereum’s trading successful, you need to monitor all important events and predict investors’ reaction to them. Let’s say there are rumors that US government is going to strengthen measures towards exchanges. What will happen in this case with cryptocurrencies? They will likely to drop as such rumors lead to panic.

All bans and restrictions lead to fears and result in downtrends. However, when there are positive events, Ethereum’s price goes upwards.

Technology uniqueness

One of the main factors of Ethereum’s success is uniqueness of the technology. As we had mentioned it before, this system was created not only to support the inner cryptocurrency or to allow user to conduct faster and cheaper transactions as compared to Bitcoin, but also to provide businesses with wide range of tools to create different applications and to use smart contracts.

Find more on topic https://cryptocomes.com/ethereum-trading-guide-for-beginners

[Dany44]

Mayday Distress: Bitcoin Falls Below $9,000 Dragging Down Ethereum, Litecoin



Mayday, Mayday! The market spirals down as Bitcoin nosedives to $9,000.

The last month of spring begins, and today we would like to look back on how expectations have been changing in the market since the beginning of the year. At first, investors assumed that given the intense media attention to cryptocurrencies, the correction would be brief and the new growth spurt will follow in February. This did not happen.

Then, realizing that the decline is getting drawn out, many prepared themselves for Bitcoin’s fall to $4,500. And again, the players were deceived in their expectations. Finally, after the trend reversal was confirmed, buyers bet on Bitcoin as the guiding star that would lead the entire market to a brighter future. But the altcoins took over the spotlight.

What does this all mean? Only that the cryptocurrency market does not lend itself to a medium term forecast in the classical sense (several months). A confident discussion of the potential of Bitcoin and other assets in the long term, also, can only be attempted by Mr. McAfee, perhaps. On the other hand, short term technical analysis never loses its relevance. Fortunately for our readers, that is exactly what we know how, and love, to do.

A reckoning day for EOS and NEO

By Tuesday, market capitalization fell 7 percent, down to $409 bln. Bitcoin dominance almost returned to its stable 38 percent.

The overwhelming majority of positions have turned red, with the only exception in the top 10 being TRON, with a growth of 3 percent compared to yesterday.

EOS is doing worst of all, falling by 16 percent, although that’s hardly a surprise. It is followed by NEO with minus 10 percent, and the third place from the bottom is shared by Stellar and Bitcoin Cash, which declined by 9 percent within the day. Needless to say, it was these four coins that especially pleased investors for the past two weeks. Well, the hour of reckoning has come.

BTC / USD

As we predicted yesterday, Bitcoin investors could not take the pressure of a prolonged lateral trade, so by the end of Monday the rate of the cryptocurrency started creeping down slowly, having fallen out of the ascending channel formed in mid-April.

In addition, on the chart we see the formation of a narrow descending channel, which can become a haven for the price of the main asset in the next few days.



The immediate target of the decline is the range of $8,800 - $8,750. To those readers who agreed with our opinion from yesterday's review and opened a short position, in the hope of making a profit on the fall, we recommend reducing the position at least by half at this level.

The second goal, which we have been mentioning for some time, is in the range of $8,400 - $ 8,500. Its achievement is quite realistic, unlike, for example, $8,100, which also fits into the current picture, but might not be reached. This is related to the fact that investors will attempt to direct profits earned on altcoins mostly into Bitcoin, which will provide additional support to the asset.

ETH / USD

Like Bitcoin, Ethereum could not hold on to the ascending channel. The hopeful news is that, unlike Bitcoin, it has not yet formed a descending channel, having rebounded from the nearest support in the form of the 0.236 Fibonacci correction at  $630.



The next support coincides simultaneouA more negative situation as compared to Ethereum is explained by the fact that Litecoin has reached the 0.382 value of the Fibonacci retracement already. Therefore, any additional weakness of the main asset will push Litecoin to a lower level - $135.

Buyers will have to work hard to hold this level, but they do not have any other choice - if the mirror support-resistance is broken, then the prospects for Litecoin are not at all rosy.

XRP / USD

Among all assets discussed today, Ripple is still doing best of all. The growth channel has been tested, but not broken, although we are under no illusion about its reliability in case of Bitcoin’s continued correction. Among negative points, there is the decline of trading volumes which began after the events on the exchange that we addressed on April 26.sly with the next mark on the Fibonacci grid, and with a solid mirror level at $575. We believe that achieving the second goal coincides with Bitcoin’s decline to $8,400 - $8,500.

A deeper correction of the main asset could theoretically open the door leading Ethereum to $535, but this scenario is not the primary one at the moment.




LTC / USD

We have not reviewed the Litecoin chart for some time, but were not particularly surprised by the nearly complete absence of significant changes. The asset left the ascending channel a week ago and since then has been trading in the narrow range of $145 - $155, showing a flatter movement than even Bitcoin.



The nearest support, with a double confirmation in the form of a mirror level and a 0.382 value of the Fibonacci correction, is close by at $0.77. Further, there are the levels $0.70 and, as an extreme possibility, $0.65. However, we doubt that the latter will be reached. Most likely, despite the fears associated with the bugs (or malicious intent) of Bitfinex, investors will show increased interest in Ripple already at $0.70.

The link: https://cryptocomes.com/mayday-distress-bitcoin-falls-below-9000-dragging-down-ethereum-litecoin

[Alex077]

I think that the course will rise to 25k, but then it will drop to 13-14 ... Bitcoin and the entire market cryptocurrency have already begun to grow, and now the price is at 9000, in a week it's going to be 10 000. I think it will be around 13- 14 by September without bad news and then continue to grow to 25 in late November.

[Dany44]

05/02/18 Bitcoin, EOS and Ripple Recover From Small Correction, Monero Sinks

Volatility stays low despite expectations, Bitcoin, EOS and Ripple bounce back as neither buyers nor sellers make their move

Just as for seafarers any kind of wind is better than dead calm, for a cryptotrader any fluctuation in prices is better than stability, on which, with all effort and skill, it is difficult to make any profit. We are talking specifically about crypto trading, because in traditional markets, low volatility is the norm, and margin trading, where the risk/return ratio is easily regulated by changing the size of the long or short position, is actively used to compensate for small adjustments in trading pairs.

For the cryptocurrency market, this approach can be disastrous, because low volatility here is an exception to the rule, a temporary trend. No one knows when it will end- in a day or in a month.

Therefore, we are getting the impression that players’ vigilance is being relaxed deliberately, since we’ve seen the “whales” change Bitcoin price by as much as $1,000 in a day, and the lesser the capitalization of an asset, the easier it is to manipulate its value.

Stronger inverse correlation between market cap and Bitcoin dominance

By the middle of the week, market capitalization has grown to $420 bln. Recently, another trend has formed: market growth is accompanied by a decrease of Bitcoin dominance (today down to 36.5 percent), which confirms the conclusion that altcoins are the driving force. On the other hand, altcoins can lose value as quickly as they gain it, so $20 bln fluctuations in capitalization go by unnoticed and have virtually no effect on the price of the top 10 assets.

Today, also, changes in the prices of top coins are insignificant, with average gains of three to five percent. EOS has grown the most after a rapid restart, increasing by 12 percent, followed by Cardano and Stellar with nine percent. After 24 hours, Bitcoin is still dawdling at $9,000, while TRON finished its growth stage and has lost a modest 1.5 percent so far.

BTC/USD

During the previous day’s trades, before returning to initial values, Bitcoin reached our first decline target- the minimum was $8,818, we’ll consider an $18 error acceptable. Seller pressure was contained by the boundary of the descending channel, which received another confirmation as a result. Now, if the channel continues to be relevant, a new bear attack will take the prices below $8,700.



The moment of truth on the chart could be defined by the points of intersection of the young descending and long-term ascending channels. Depending on speed of movement, they are marked by numbers one and two respectively.

In case the first scenario is realized, the breakthrough to the second decline target $8,400-$8,500, with a subsequent rebound and return above the boundary of the ascending channel becomes obvious.

But in case of reaching point two, there may be no downbreak, more than that, an upward breakthrough the formed triangle may give an impulse for new purchases and cancel the scenario of further correction.

EOS/USD

As we expected on Monday, after the fallback EOS continued to trade in the range of $17-$ 20, and the minimum price since the beginning of the week was $16. Buyer support was provided by the nearest level of Fibonacci retracement- 0.236. For now, trading volumes remain high, but yesterday the lion’s share of transactions was made up by sales, so in the upcoming days we may see a slight decrease of investor interest in the asset.



Due to the spasmodic movement of the price, there is still not enough data for building channels according to the rules of technical analysis. Therefore, we cheated a bit and built an ascending channel on the basis of the mirror level, to which the price of the asset was previously sensitive. Today we expect a decrease in the volatility of trades with an equilibrium price of $18. Meanwhile, the previously mentioned range of $17-$ 20 is unlikely to be expanded. It is still best to refrain from purchases.

XRP/USD

A stable Bitcoin continues to give Ripple the opportunity to please investors. The ascending channel has held, and the price has formed some margin of safety. Until Bitcoin marches on to conquer the second decline target, this margin should be sufficient.



The situation is complicated somewhat by the approach to the boundary of the descending channel. Its intersection with the ascending channel forms a triangle, which will be resolved within 24 hours at the most. We do not exclude the possibility that it might be activated upwards, taking prices to the level of $0.88-$0.9.

The set of decline targets at $0.77 and $0.70 remains relevant, but the probability of their attainment, especially the second one, has slightly decreased since yesterday.

XMR/USD

There is still no cause for joy in the Monero camp. It’s true that the support of $230-$235 has held, but trade volumes are not indicating any enthusiasm from buyers, and the asset itself continues to move in the lower register of the descending channel.



In the course of the day, we expect a repeat test of $235. If it does not hold (especially in case of negative developments on Bitcoin), the possibility of a decline to the range of $213-$220 will be higher.

In this case, correction will reach the 0.618 value of the Fibonacci grid, and if even at this level investors remain indifferent, we will have to reconsider the attractiveness of the asset for the medium term.

Nevertheless, the huge amount of capital that came into Monero on April 18 is still there, and will certainly be defended- there is no reason to panic at the moment.

The link: https://cryptocomes.com/bitcoin-eos-and-ripple-recover-from-small-correction-monero-sinks

[Dany44]

05/03/18 Fresh Capital Inflow Helps Crypto Market Grow, Altcoins Feed Off Bitcoin

Bitcoin wants to break free: $9,000 is left behind, but a strong resistance lies ahead. Altcoins have some time to grow



After a short pause, the celebrations in the altcoin camp continues. By the beginning of Thursday, we can see moderate growth for all assets, with the exception of only a few coins including Verge, TRON and Stellar, but even those fell back just a few percent. This growth looks forced- it’s difficult to move upward for a long time without fallbacks, heavy coins feel the gravity more, but a trend is a trend and has to be reckoned with.

And what about Bitcoin? It seems that the father has become a blood donor for the children- its dominance makes up 35.9 percent at the time of writing. Since the beginning of the year, Bitcoin has already lost more than 10 percent of the market share. However, there is no doubt that it will eventually return all losses, redeeming the altcoins’ debt with interest.

Here is the remarkable part- despite the drop in dominance, Bitcoin price itself has been growing slowly over the last 24 hours. From this discrepancy, we conclude that the market is not just stewing in its own juices, but has new players with fresh capital.

IOTA’s turn to get some positive news hype

Thanks to this, total capitalization has grown by another $20 bln and now amounts to $440 bln, which is a record since the beginning of March. Among the top 10 coins, Bitcoin Cash has shown the best results with an increase of 13 percent, boosted by the news of being added to the London Block Exchange, and is followed by IOTA which has displaced TRON in ninth place. The coin grew an impressive 20 percent aided by the announcement of IOTA Ecosystem- a “home” for developers and members of the project’s community.

BTC/USD

In the context of a generally positive mood, Bitcoin is growing as well, although it would make more sense if it fell. Buyers are not allowing the asset’s price to fall significantly, but it’s far from setting local records. It is hard to say right now whether this is a plan by some higher powers that need a stable Bitcoin to guarantee altcoin growth. In any case, the descending channel has been broken. We left just its upper boundary on the chart- most likely, we will see testing of this mirror level.



On the new markup, first of all, we draw the readers’ attention to the ABC triangle, the activation of which will determine the future fate of not only Bitcoin but the entire market.

While prices are inside the triangle, we do not advise any purchase-sale transactions- this should only be done if one of the triangle facets is broken.

In the course of the day, we are likely to see a test of the upper facet at the level of $9,300-$9,350. If the resistance proves to be strong enough, Bitcoin will be testing the opposite side at $8,900 where the former descending channel will remind us of itself.

If the bears persevere, the set of decline targets  $8,800 - $ 8,560 - $ 8,400 will become relevant. They all correspond to values of the Fibonacci grid, as well as to mirror levels. In the case of the triangle breaking upward, the nearest prospective target, aside from the previous local maximum at $9,750, will be $10,500.

BCH/USD

The surge in purchase volumes over the past 24 hours confirms investors' interest in Bitcoin Cash. Having formed the "double bottom" figure with a minimum of $1,230, the asset began the next growth stage and is attempting to overcome the previous high at $1,580. We believe that lateral trading will move to the upper level, which will become the launching pad for further movement.



The prospective goal of bulls is clearly seen at $1,800: it is confirmed by the mirror level, and by the 1.618 value of the Fibonacci extension, and by the boundary of the symmetrical figure, which suggests itself as the zone for the new lateral trading. The triple confirmation inspires confidence, but let's not forget that Bitcoin Cash trading is playing crypto on hard mode. Moreover, as usual, a lot depends on the original Bitcoin. In case of negative developments, a fallback to the level of $1,300 is possible. Therefore, once again, we recommend that readers refrain from trading until the situation becomes clear.

ETH/USD

Ethereum buyers have attained an important achievement- the price was returned to the long-term ascending channel, formed in early April. Now, in case of correction, a price drop to $535 looks unlikely, but $575 remains possible. In order to stay within the channel, the bulls will need to do their best. Because of its steep slope, slowing down is not permissible, so Ethereum investors need to pray for continued Bitcoin growth.



In the case of a continued upward movement, the prospective target that we indicated earlier, $800, gets closer. For greater accuracy, we constructed a Fibonacci extension and got a target range of $780-$800. At the moment, Ethereum is looking better than the market, trading volumes remain stable. In case of correction, we recommend increasing long positions.

XRP/USD

Storm clouds are beginning to lift over Ripple investors. However, while the price is in the lower register of the ascending channel, it is premature, just as in the case of Ethereum, to say that the threat has passed completely. The safe margin of movement from the current price of $0.87 is insignificant - only $0.02, while the critical level coincides with the 0.382 value of the Fibonacci retracement and the intersection of the ascending and the descending channels.



In addition to the immediate growth target of $0.96-$1, the Fibonacci expansion points to a prospective target of $1.085, but it’s a hefty 25 percent away, so its attainment in the next few days is extremely unlikely. We believe that until the end of the weekend, the trading range will be $0.85-$ 0.92, at best.

The link: https://cryptocomes.com/fresh-capital-inflow-helps-crypto-market-grow-altcoins-feed-off-bitcoin

[margert]

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

The market has been showing signs of recovery in the last few days, and you have noticed that bitcoin and altcoin prices have been increasing steadily in recent days and are showing signs of improvement. According to my analysis, the bitcoin price will probably continue to rise and reach $ 11000 in the coming days.

[jsrenthourse]

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

I believe that at this point if you are holding altcoin then you should take the bitcoin out, as my analysis, the price of bitcoin will probably increase very strongly today so you should get rid of bitcoin to be able to tell Be profitable and increase profits. The market is volatile and difficult to predict. Therefore, it is very difficult to trade, so you should have a specific plan to delineate the risk.

[Dany44]

05/04/18 Bitcoin Bulls Gain Confidence, Litecoin and NEO Grow, Monero Falls Behind


Bitcoin achieves previous local maximum. Litecoin and NEO react positively, while Monero investors are still in despair

By the end of the first week of May, the market has returned to its normal state: assets are regaining independence and no longer moving up and down synchronously, Bitcoin and altcoins are compelled to fight for the attention of investors who are investing funds with a great deal of caution. As we expected, the phase of unrestrained growth for altcoins is over for now, while Bitcoin’s lateral movement continues (despite yesterday's achievements of bulls).

The number of both long and short margin positions is falling, which means that exchanges will be less aggressive in using bots for price manipulation.

Although, the market still needs a shepherd- a big player who will indicate the direction of movement, especially for Bitcoin.

On the other hand, the price of most altcoins has arrived at a comfortable value for holders- less than January’s, perhaps, but enough for respectable portfolios.

Movement of top 10 assets becomes multidirectional

Market capitalization has grown to $450 bln in the course of the day. The $10 bln gain can be attributed to the price increase of Bitcoin. The main question at the moment- will these funds remain with the main asset or will they be dispersed among altcoins? Out vote goes for the first version. For the first time in a long while, we see multidirectional movement among the top 10 coins. The old-timers Bitcoin, Ethereum, Ripple and Litecoin all show gains, and IOTA joins them from the less “traditional” assets. Other altcoins are at a loss, with EOS doing worse than others with a decline of seven percent.

BTC/USD

The break through the triangle happened earlier than we expected, and the prices were not given a chance to test the level of $8,900. Even now, after updating the previous local maximum (the new one is $9,780), we do not discount the possibility of correction.

Despite the obvious growing trend, we can only be confident that Bitcoin has left the lateral trading after it gains a foothold above the psychologically significant mark of $10,000.



Readers who bought Bitcoin after the upward break in the triangle can be congratulated, but they should not lose vigilance- the market will certainly try to take this profit away. The price has already been corrected to 0.786 of the old Fibonacci grid, and may even go down further, to the value of 0.618 and the price of $9,350, respectively. The equilibrium price in the lateral trade is $9,200, coinciding with the correction level of 0.5 and the intersection of the already broken facet of the triangle and the ascending channel. Such points of accumulated interest often act as magnets for the price, but it is unlikely to be reached today.

Prospects for further growth after a quick bullish run also remain vague, but the targets are clearly seen. The closest is $10,200, the next one is indicated by the mirror level and the 1.618 value of the Fibonacci extension- $10,500. The day’s key mark is at $9,550, if the price gets a hold above it, the scenario of further growth is more likely, otherwise- the scenario of correction.

LTC/USD

Despite a growth dynamic resembling Bitcoin’s, which becomes evident when comparing charts, the situation for Litecoin investors is less optimistic (though recently, that always seems to be the case).

If the main asset was able to overcome its previous high, its younger brother has formed a classic "double top” with the potential for further correction.



The nearest correction level is 0.236, coinciding with the price of $152, and Litecoin will almost definitely not fall below $144. Immediate growth is also unlikely, but over a few days, the price may reach $175, which is indicated by the activation of the potential flag. Above, Litecoin will face the most powerful mirror resistance level, which has more than once held back growth- it is marked in green on the chart. We recommend close monitoring of the asset’s approach to this level.

XMR/USD

We don’t have any good news for Monero investors today. The asset is experiencing difficulties with rising above the $260 level, which has turned into a resistance. Young bull calves (we can’t quite call them mature bulls) were able to push the price out of the descending channel for a short time, but could not hold the position.



But even if success favored the horned ones, the parallel expansion of this channel a little bit higher would certainly foil plans for further growth. Because of this, we predict that the asset will once again test the level of $230, where buyers should try their hardest to support the coin.

We don’t see any prospects of rapid growth for Monero - at best, the bulls can expect a test of the previous local high-  $300.

The medium-term goal of $340, which we marked on the chart, can be kept in mind, but there are no reasons to count on its rapid achievement.

NEO/USD

We are definitely liking NEO’s chart: the asset is slowly but confidently moving in the ascending channel, without sudden ups or downs. In addition, confidence in the asset’s future is boosted by the huge initial purchase volume which we observed at the end of April. Active purchases started from the level of $80, which means that it will serve as a support in case of a negative development.



The medium-term prospective target for NEO remains the same- it is $105. However, some interference can be seen from the mirror level, similar to the one on the Litecoin chart. It is likely that the price will rebound from it, without reaching the designated goal directly. Depending on the growth rate, this can happen in the range of $98-$102.

The link: https://cryptocomes.com/bitcoin-bulls-gain-confidence-litecoin-and-neo-grow-monero-falls-behind

[Dany44]

Positive Monday For Bitcoin Price, LTC, NEO, Monero Still Negative



Bitcoin price still has some room for further growth until the closest resistance level

Bitcoin is starting the week positively as bulls got a momentum. The Bitcoin price still has some room for further growth until the closest resistance level. Litecoin and NEO follow almost the same scenario. As for Monero, the cryptocurrency seems to remain under pressure.

BTC/USD



BTC/USD still goes upwards on the Daily chart as it fluctuates along the upside trend line and is testing it today. Depending on the results of this testing, BTC/USD is likely to either fall below the trend line, looking for a major support line, which lies around 7,000 area or to resume its growth towards the resistance line, which is close to 11,500 level.

Generally, BTC/USD price fluctuates within a large horizontal channel established by the above-mentioned support and resistance levels. There are no candlestick signals currently.



As for the Ichimoku indicator, Bitcoin price went above the upper side of the cloud demonstrating bulls commitment to change the tendency and reach the closest resistance line in the medium term. However, BTC price returned to the upper Ichimoku cloud line in order to test it (which is natural for this kind of indicator). If the line resists and gives support to Bitcoin price, bulls will probably have a good chance to reach their mid-term goals. Otherwise, bears have a chance to gain momentum again.



As for the hourly chart, BTC/USD still has the same direction, going along the upside trend line. There were two chances yesterday to open short-term long positions from the trend line. Bitcoin price has a correction now as we can see the Shooting Star candlestick pattern. We expect the correction last until the upside trend line, where BTC price is able to reverse again towards the resistance line, which is close to the 9,500 area.



As for the Ichimoku indicator, BTC/USD is below its cloud but is likely to meet it today. If Bitcoin price enters the cloud, there will be opportunities to trade from its borders (channel trading).

LTC/USD



Litecoin goes the same direction as Bitcoin does, but Litecoin price is close to the resistance line. Bulls were trying to assault the resistance at 180.00 last week, but they had no luck and enough power to break through this line. Litecoin price jumped off 180.00 and went towards the upside trend line, where it stays now, waiting for bulls and bears to take active steps. If LTC price breaks through 180.00, the next midterm target will be close to 240.00 area.



As for the Ichimoku indicator, Litecoin price resides within the cloud and rejected its upper side. Now it has two ways- to go downwards and to test the lower side or try the upper side again (the trend line may support bulls and help them to stop the correction, which is clearly seen on the chart at the moment).



The situation is favorable for short-term bulls as LTC price goes along the upside trend line and rejected it twice already. However, there is a high probability for a downside correction now, which is able to aim the upside trend line. The closest target for LTC/USD on the hourly chart is 171 area, where the resistance line lies.



When we look at the Ichimoku indicator, we can see that the bulls still try to break the situation and to gain momentum. However, LTC/USD fluctuates below the cloud, which means that bears still have some power. We expect the currency pair to reach the Ichimoku cloud today and to test its lower line.

Take a look at analysis on XMR/USD and NEO/USD HERE

[Dany44]

All the reviewed cryptocurrencies went downwards in the second half of the day, marking the inability of bulls to gain momentum. The bears resume their market domination and seem to have enough power to develop this midterm downside tendency further towards the closest local support areas, which will be described here

[Dany44]

05/10/18 Crypto Bulls Launch Counterattack, BTC, LTC, XMR, NEO Change Tendency


Cryptocurrencies finally seem to change their mood, offering buyers the opportunity to take initiative

BTC/USD, LTC/USD, XMR/USD, NEO/USD have managed to make significant upside movements during the American and Asian trading sessions. Bulls seem to take control over the market. Midterm downside tendencies were broken as Bitcoin, Litecoin, Monero and NEO prices are rising above the descending trend lines. The situation looks promising for the buyers and they can develop their success in the next several hours.

BTC/USD



Bitcoin has started a correction yesterday, which is looking like a complete reversal. BTC price is now above the descending trend line, alerting traders to the possibility of significant short and midterm changes. BTC/USD has entered the Ichimoku cloud during the American and Asian sessions. It is still there and is testing the upper boundary of the formation.

As we can see, there was one Shooting Star during the Asian session, which led the currency pair to a brief decline towards the lower boundary of the Ichimoku cloud. We now have two more Shooting Stars which are able to drive BTC price to the lower side of the formation, as there is a sort of channel trading now, which is natural for such situations when the price is within the Ichimoku cloud.

The lower boundary of the Ichimoku cloud coincides with the $9,200 support line. If  Bitcoin price goes there, BTC/USD will test this line and we advise readers to look for candlestick signals close to the support area. If the candles indicate reversal, the price will probably rebound from the support and go upwards. If there are no signals and BTC price falls below the support, BTC/USD will probably move to meet the descending trend line.

There is another scenario, where Bitcoin fails to fall towards the support area and breaks through the upper boundary of the Ichimoku cloud without any further correction. Then, it is going to test the $9,440 area.



As for the daily chart, the midterm picture had no significant changes. However, we can see that the upper boundary of the Ichimoku cloud held BTC price above the formation and there is probability for the development of an upside tendency.

LTC/USD



Litecoin followed Bitcoin in its upside tendency as LTC/USD jumped over the descending trend line during the Asian session. LTC price is now close to the lower side of the Ichimoku cloud. If Litecoin tests it successfully, there are more chances for the cryptocurrency to develop its upside tendency. The Ichimoku cloud is rather thin there and Litecoin price will probably meet no significant resistance. The next level to pay attention to in this case is the $165 resistance line.

Another possible scenario is where the bears try to take the initiative. They will attempt to drive LTC/USD lower until the descending trend line, at least. However, this scenario is not the primary one, as bulls are getting stronger and the situation looks promising for them.



LTC price is still below the ascending trend line on the daily chart, but it fails to reach the lower boundary of the Ichimoku cloud. There are some signs that LTC/USD will be able to return above the ascending trend line. If this happens, Litecoin will test the upper boundary of the Ichimoku cloud at midterm.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

[jsrenthourse]

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

I believe that at the moment you should trade altcoin, can see that the price of bitcoin in today are showing signs of sideways after recovering to $ 9300 level. I think that with a market that is fluctuating constantly and it is difficult to predict the current time, trading day by day is the safest and least risky. Make a trade plan that will maximize your profits and risk your business.

[Dany44]

05/11/18 Bears Regained Crypto Markets Control, Midterm Outlook for Bitcoin, Litecoin, Monero, NEO Negative


Bitcoin, Litecoin, Monero and NEO have reached new lows during the US and Asian sessions

BTC/USD, LTC/USD, XMR/USD, NEO/USD declined sharply yesterday meaning the end of a deep correction, started Thursday. Bears established new lows confirming they are still in the game and have total control over the markets.

There are signs of a short-term correction that is likely to start within the next couple of hours. However, the midterm outlook is negative as almost all of the reviewed currency pairs stay below their midterm descending trend lines.

The currency pairs may fall even deeper after this correction. We advise looking for clear candlestick signals in order to take meaningful decisions.

BTC/USD



The currency pair started to fall during the American and continued the downside tendency within the Asian session. There was a Flag pattern in the middle of this short-term downtrend. Bitcoin is currently close to the support line (8,886 area) and the descending trendline testing both of them.

Bears had no difficulties to cross the Ichimoku cloud during the US session with a long body candlestick. Bitcoin price is far from the formation currently signaling temporary changes in moods.

There was a reversal signal a couple of bars ago (reversed Hammer). Bulls are able to start a correction at least. The closest target for it is the resistance line at 9,035 area. BTC price can reach this level in a couple of hours.

Another scenario for Bitcoin is to develop its downside tendency. Bears will break the ascending scenario in this case as BTC  price will fall below the descending trend line.



The situation is still unclear on the daily chart as BTC price has entered the Ichimoku cloud opening an opportunity for bears to push Bitcoin even further towards the lower border of the Ichimoku cloud at midterm.

LTC/USD



There was a bad day for Litecoin bulls as well as LTC/USD started to decline during the American session and developed the local downtrend during the Asian session. LTC price crossed the lower border of the Ichimoku cloud, the support line, residing at 154.14 area, and the descending trend line, confirming the temporary change of trend.

The situation is intriguing currently as LTC/USD is likely to start a correction (we have a Hammer candlestick pattern) and to test the descending trend line from below. If bulls succeed, they have an opportunity to regain initiative and to test the closest resistance line at 154.14 area. If they fail to cross the descending trend line, LTC price will probably fall below the support line at 146.29 area.

Cryptocurrency is far from the Ichimoku cloud now signaling bears are dominating the market for the moment. If LTC/USD stays below the descending trend line, the currency pair will confirm its midterm downside tendency.



The currency pair still stays within the Ichimoku cloud on the daily chart and seems to aim the lower border of the formation at midterm. There are no clear signals currently and we advise to midterm and long-term traders to wait until the price finds support and demonstrates any signal in order to open positions.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

[Dany44]

05/14/18 Bullish Hopes Are Broken Again As Bitcoin, Litecoin, Monero And NEO Decline on Monday



Weekend bullish scenario seems to end up as the currency pairs move downwards

Bullish scenario progressed on weekend after a true fiasco on Friday as all the reviewed currency pairs declined significantly, establishing new local lows.

However, the situation has changed on Saturday as all the reviewed currency pairs were able to move higher and to form a kind of an uptrend. On Monday we see the contrary picture as all the allies go downwards, breaking levels and trend lines. It seems like bears want to remind bulls who is in control of the markets currently.

BTC/USD



Bitcoin has broken through the short term descending trend line on Friday and retested it later. Then BTC/USD jumped off this trend line and started to grow slowly with wide range fluctuations allowing to earn both bulls and bears.

We have drawn an ascending trading line, which supported the price during the weekend. The currency pair entered the Ichimoku cloud on Sunday and even reached its upper border. Bitcoin has tested it and the resistance level at 8 694.

Later, bears have taken control again and pushed the currency pair lower for another correction. Bitcoin has tested the ascending trend line and crossed it meaning the end of this short-term upside tendency. It has also broken through the support line at 8,528 area.

The currency pair has reached the next support line at 8,372 are in the moment of writing. Bears make attempts to cross it. There are two scenarios here. The first one means BTC price will jump off this 8,372 support line area and reverses towards the resistance area at 8 528. However, bulls will have to deal with another obstacle- the lower border of the Ichimoku cloud. If successful, they will be able to test the resistance.

The other scenario for Bitcoin is the breakout of the current support area at 8,372 with the development of local downtrend.



Let’s have a look at the daily chart. Here the situation remains unchanged as the price stays still within the Ichimoku cloud in the middle of the formation. Bulls were trying to counterattack but in the moment of writing the candlestick bearish. It is better to wait until it forms to make any conclusions.

LTC/USD



Litecoin follows Bitcoin as the price has crossed the descending trend line on Saturday and then went slightly upwards along a new local ascending trend line that we have drawn recently. LTC/USD managed to cross the upper border of the Ichimoku cloud unlike Bitcoin but then started to decline.

Litecoin has broken through the ascending trend line recently and is testing the support area at 138. Litecoin price shifted even lower this line but returned above later meaning the breakout was false. LTC price resides below the Ichimoku cloud as bears control the market for the moment.

There are two possible scenarios here. Litecoin will reject the support area and go through the Ichimoku cloud (which is thin here) to test the local ascending trend line from below and then to reach the resistance area at 147.

If LTC/USD fails to jump off the support area, it is able to develop the downtrend towards Friday’s lows and the midterm descending trend line.



As for the daily chart, Litecoin has reached the lower border of the Ichimoku cloud and jumped off it meaning there is an opportunity for bulls to gain initiative. However, it is better to wait until today’s candlestick forms as it is bearish now.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

[Dany44]

05/15/18 Bitcoin, Litecoin, Monero, NEO Prepare For Significant Moves as Bears Try Holding Prices Down



Cryptocurrencies are consolidating as significant fluctuations expected

The situation remains unchanged since our last review as the currency pairs’ volatility is low. BTC/USD, LTC/USD, XMR/USD, NEO/USD restored yesterday but failed to develop their progress as bears still make attempts to hold the price and to push it down.

BTC/USD



Bitcoin demonstrated no significant fluctuations during the late American and Asian session. The currency pair jumped above the local ascending trend line within the American session and tested it later. Here lies the support area at $8,695 which also holds BTC/USD from declining below.

Bitcoin reached the resistance area at $8,890 during the late US-Asian session. However, the Bitcoin price retreated sharply meaning bulls have not enough power to develop their progress.

The currency pair is higher the Ichimoku cloud meaning bulls have the initiative in the moment of writing this review. There are no candlestick signals currently and it is better to wait for them in order to take further actions.

Possible scenarios for BTC/USD are the following:

1. Bitcoin will try to jump off the ascending trend line and the support area at 8,695 targeting the next resistance area 8,890, which the cryptocurrency reached during the late American session. There may be another test.

2. BTC/USD will cross the support area at 8,695 and fall towards the higher border of the Ichimoku cloud. The next target, in this case, will be the support area at 8,528. However, the Ichimoku cloud may be an obstacle on the way.

3. The next scenario is neutral meaning there will be no significant fluctuations. And BTC price will stay close to current levels or move along the local ascending trend line without leaving it.



BTC/USD still remains inside the Ichimoku cloud and goes towards the upper border of the formation. It seems like the situation is going to change in the nearest future. If Bitcoin leaves the Ichimoku cloud from above, there may be a sharp upside momentum.

LTC/USD



Litecoin went above the ascending shorterm trend line during the late American-Asian session but failed to develop its progress. LTC price almost reached the resistance area at 153 level but then we have seen a Shooting Star reverse candlestick pattern. Litecoin returned to 146 support area where it fluctuated until the moment of writing this review.

Litecoin price is above the Ichimoku cloud meaning bulls have initiative currently. There is no candlestick pattern at the moment.

Possible scenarios for LTC/USD are the following:

1. LTC price will target the resistance area at 153 and reach it. Then, LTC/USD will test it and further progress will depend on the results of those actions.

2. Litecoin will jump off the resistance area at 146 (where it fluctuates currently) and fall towards the support area at 138. However, there is the Ichimoku cloud on the way, which may prevent bears from pushing LTC/USD lower.

3. LTC price remains close to the current levels or move slowly around the local ascending trend line.



As for the daily chart, the situation is the same as yesterday. Litecoin price remains within the Ichimoku cloud. But it jumped off the lower side of the formation meaning there are chances for bulls to drive it towards the upper border of the Ichimoku could at least.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

[Dany44]

05/16/18 Zcash Leader of the Day, Other Cryptos Lose Momentum



Zcash is up, Bitcoin, Ethereum hang on while Bytecoin, Bitcoin Cash, Stellar, NEO drop

Cryptocurrencies from Top 20 market capitalization show negative dynamics as a whole except Zcash, who is the true winner in the past 48 hours.

Zcash will be listed at Gemini exchange (the brainchild of twin Winklevoss) as the company received the appropriate approval from NYSDFS. The cryptocurrency surged significantly following this event on Monday. Gemini became the first exchange to accept Zcash as an asset for trading.

Winklevoss brothers think that Zcash is promising due to its privacy, which is the main advantage of the cryptocurrency as compared to Bitcoin. ZEC/USD’s price increased by 47 percent on Monday. The cryptocurrency still develops its progress as it added another 2.34 percent in the moment of writing.

Meanwhile, all top 20 cryptocurrencies declined. Bitcoin has lost 5.65 percent in the past 24 hours. Ethereum suffered almost the same losses as the price declined 5.22 percent in the same period. Bytecoin is the loser of the day as it declined for 11.71 percent in the past 24 hours.

The general fundamental background seems to be positive as police found nothing wrong during its investigation at Upbit exchange. It should be reminded that South Korean police had a raid at Upbit headquarters last week. This event resulted in a sharp decline of nearly $50 mln in market capitalization as investors had fears about the exchange’s activities.

The most important event currently is the Consensus 2018 Conference, which attracted not only Blockchain experts and adopters, but also some officials including the Head of St.Louis Federal Reserve James Bullard. The Conference has not been without sensations as Vitalik Buterin refused to participate there.

Those events seem to have no significant influence on fluctuations currently. However, they may affect prices later.

ZEC/USD



Zcash has reached its all-time highs on Tuesday as ZEC price almost touched the 390 level. Then, we had a correction towards the support area at 325. The volatility is still very high as many market participants are interested in this coin.

Technically, ZEC price is testing the resistance area at 366 in the moment of writing this review. Depending on the results, ZEC/USD may have the following possible scenarios:

1. ZEC price will break through the resistance line and go higher, establishing new all-time highs.

2. Zcash will start to decline towards the support area at 325. However, there are two obstacles on the way – the Ichimoku cloud’s higher border and the ascending trend line.

3. ZEC/USD will stay at the same levels without significant fluctuations.



As for the daily chart, ZEC/USD looks pretty good there as ZEC price has left the Ichimoku cloud with momentum and continues to rally. Zcash is above the ascending trend line but may correct towards it in the nearest future.

BTC/USD



Bitcoin jumped off its newly established support area at 8,130 and tested the resistance area at 8,366. BTC price is above the level at the moment of writing, but it is early to say whether BTC/USD has already crossed this level or not. There are no candlestick signals currently. Bitcoin price is far from the Ichimoku cloud but makes attempts to meet the indicator in the nearest future.

The possible scenarios for BTC/USD are the following:

1. Bitcoin will cross this $8,366 area and move further upwards to the next resistance area, which lies at $8,527.

2. BTC/USD will decline from the current 8,366 level towards the newly established local lows at $8,130.

3. The currency pair will stay close to the current level without significant changes.



Bitcoin stays within the Ichimoku cloud on the Daily chart. BTC price has almost reached the lower border of the formation and seems to have chances to change the direction.

ETH/USD



Ethereum crossed the support area at 695 today, but its further decline was limited as the price managed to make a half distance to the next support area and reversed. ETH/USD crossed the 695 resistance area from below and jumped over the line, developing progress. Ethereum is close to the lower border of the Ichimoku cloud and it seems like bulls want to test it and to go higher.

The possible scenarios for the currency pair are the following:

1. ETH/USD will break through the lower border of the Ichimoku cloud and move higher, towards its upper side, then test it and move towards the resistance level at 730.

2. Ethereum will decline towards the support area at 695 to test it. If successful, bears will have a chance to develop their progress towards the next support area at 663.

3. The currency pair will have no significant fluctuations and will stay close to the current levels.



ETH/USD is fluctuating above the Ichimoku cloud meaning bulls are still in control of the situation on the Daily chart. However, Ethereum stays below the ascending trend line.

BCN/USD



Bytecoin is a true “loser” of the day from the top 20 as it declined 11.71 percent in the past 24 hours. Nevertheless, bulls seem to take the initiative in their hands as the managed to move BCN/USD higher and the currency pair is above the descending local trend line currently.

Bytecoin is above the support area at 0,0100. BCN price is below the Ichimoku cloud as well. The possible scenarios for BCN/USD are the following:

1. The currency pair will develop its progress until the next resistance area at 0.0111 where the resistance line coincides with the lower border of the Ichimoku cloud. If bulls are able to cross them both, BCN/USD will have a chance to go towards the next resistance area at 0.0124.

2. Bytecoin will reach the next resistance level at 0.0111 and jump off it (or start to decline from the current levels). The next support area is 0.0100. The currency pair will meet the descending trend line there.

3. Bytecoin will stay close to the current levels with no significant fluctuations.



Bytecoin is above the ascending trend line as bulls are still in control of the situation. However, BCN/USD arouse the suspicions as its fluctuations currently are similar to “Pump&Dump” strategy.

Check more details on BCH/USD, XLM/USD and NEO/USD pairs HERE

[Dany44]

05/17/18 EOS and Tron Are Leaders, Bitcoin, Ethereum in Green Area



EOS and TRON are the winners of the day, Bitcoin, Ethereum, Zcash also look positive as they mostly grow

The top 20 looks much better today as almost all cryptos are within the green area. The leaders of the day are EOS and Tron as they have added nearly seven percent for the past 24 hours. Bitcoin and Ethereum have added 0.53 percent and 1.33 percent consequently. The general atmosphere seems to be positive today as almost all coins are in the green.

As for the fundamental background, it is neutral today. Several interesting events may attract traders’ and investors’ interest. The Consensus 2018 Conference is still holding. Kraken’s co-founder Jesse Powell said that they are going to register with the SEC (US market’s watchdog). He stated that Kraken is going to receive a license as a broker-dealer.

Another event to pay attention to is the ongoing debate around cryptocurrencies’ status in the Russian Federation. The appropriate law was introduced to parliament a month ago. However, local media suggests that there will be no crypto legalization. The main goal of the bill is to establish a legal basis for digital transactions and rights.

BTC/USD



Bitcoin has tested the support area at $8,128 yesterday again and jumped off the level. BTC price went towards the resistance area at $8,365 and tested it. There were several attempts to break it through and to move higher. BTC/USD has even tested the lower border of the Ichimoku cloud but failed to penetrate inside the formation.

Bitcoin stays below the $8,365 resistance area currently and seems to aim the support area at $8,128. The possible scenarios for BTC/USD are the following:

1. The currency pair will reach the support area at $8,128 and will test it. BTC/USD will develop its downside progress or jump off this area, depending on the results of testing.

2. BTC/USD will start to grow from current levels and reach the resistance area at $8,365. BTC price will jump over the resistance area and develop its upside tendency or will jump off this level and reverse.

3. Bitcoin is also able to stay without significant changes close to the current levels.



As for the daily chart, there are no significant changes in the situation as BTC/USD still stays within the Ichimoku cloud.

ETH/USD



Ethereum is above the support area at $695 and is testing the lower border of the Ichimoku cloud currently. ETH/USD fluctuated below this area yesterday, but bulls have managed to cross it. ETH price established new local highs there, but refused to go higher and went to test the support area at $695.

The possible scenarios for the currency pair are the following:

1. Ethereum will break through the Ichimoku cloud aiming at the closest resistance area at $730. However, bulls will have an obstacle on their way meaning they have to overcome the higher border of the Ichimoku cloud in order to reach their next goals.

2. EHT/USD will test the support area at $695 and jump over it. Bears will have an opportunity to push the currency pair even lower, towards the next support area at $663.

3. ETH price will stay without significant changes close to the current levels.



As for the daily chart, Ethereum stays above the Ichimoku cloud, meaning bulls are still in control of the situation. However, there is no local tendency here as ETH price establishes new highs or lows.

EOS/USD



EOS is one of today’s leaders as it added nearly seven percent for the past 24 hours. The currency pair started from the support area at $11.98 and went sharply upwards, breaking through the resistance and the Ichimoku cloud. However, after a strong local upside tendency, EOS/USD seems to have a pretty deep correction. The currency pair is testing the higher border of the Ichimoku cloud, which coincides with the current support area at $13.05.

The possible scenarios for EOS are the following:

1. The currency pair will jump off the support area at $13.05 and go towards the next resistance area at $14.23. There, EOS price is able to both break through the level of jump off the resistance line depending on the results of testing.

2. EOS/USD will break through the support area and start to decline towards the next support area at $11.98. There is one obstacle on the way in this case– the lower border of the Ichimoku cloud.

3. EOS price will stay close to the current level ($13.05) without any significant changes.



As for the daily chart, EOS stays within the range, limited between the two levels- $11.71 and $16.23. EOS price is close to the Ichimoku cloud. However, the formation is thin here and do not play a significant role as an indicator.

TRON/USD



Tron is another leader for today as it adds about seven percent for the past 24 hours. The currency pair started from the support area at $0.063 yesterday and managed to cross the resistance area at $0.068 and the Ichimoku cloud. Tron price has almost reached the next resistance area at $0.074, but bulls were unable to drive TRON/USD there and retreated. Tron is currently testing the support area at $0.063 and the higher border of the Ichimoku cloud with is close to the current levels.

The possible scenarios for the currency pair are the following:

1. TRON/USD will jump off this support area at $0.068 and go towards the next resistance area at $0.074. There everything will depend on the results of testing.

2. The currency pair will break through the support line here and start to decline towards the next support area at $0.063. However, bears will have to cross the Ichimoku cloud in order to reach their targets.

3. Tron will stay close to the current levels without significant changes and with low volatility.



As for the daily chart, Tron fluctuates inside a horizontal channel, formed by two levels- $0.070 as resistance and $0.055 as a support area. Tron price is not far from the Ichimoku cloud and is likely to meet it in a couple of weeks or even earlier.

Check more details on ZEC/USD, XRP/USD and LTC/USD pairs HERE

[Pokemoon]

The market has been hinting at recuperation over the most recent couple of days, and you have seen that bitcoin and altcoin costs have been expanding relentlessly lately and are hinting at change. As indicated by my investigation, the bitcoin cost will presumably proceed to rise and reach $ 11000 in the coming days.

[Dany44]

The market has been hinting at recuperation over the most recent couple of days, and you have seen that bitcoin and altcoin costs have been expanding relentlessly lately and are hinting at change. As indicated by my investigation, the bitcoin cost will presumably proceed to rise and reach $ 11000 in the coming days.

Sounds really good if so!

[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 bitocin prices in recent days are constantly falling sharply, now reaching the $ 7900 level and as I see, after this milestone bitcoin price will rise again. That's why you can start to buy bitcoin and goo altcoin at this time. Make the plan as accurate and follow the discipline as you plan it. I am sure you will succeed.