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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 19, 2019 4:15 pm

BTC/USD

From last Tuesday when the price of #Bitcoin was $3903 at its lowest we have seen an increase of 5.68% as the price came up to around $4130 at its highest point on Saturday. Since the high, the price has been retracing back and came down to $4041 at its lowest point so far and is currently sitting at $4080.

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Looking at the hourly chart we can see that the price of Bitcoin came to its first significant resistance point around the intersection between the 0.786 Fibonacci level and the falling wedge resistance line as projected. This upswing was expected as the Y wave from the second Minute correction to the upside. The most upper resistance point is at around $4300 which is the horizontal support zone, now serving as resistance so another increase to those levels could be a possibility if the price is set to retest further resistance.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 26, 2019 1:23 pm

BTC/USD

Last week the price of Bitcoin was in a minor in which the price increased by 2.17% – coming from $4057 at its lowest point on Monday to $4145 at its highest spike on Thursday. From there the price of Bitcoin started decreasing fast as it came down to $4004 in a matter of hours which indicated that the sellers are starting to gain control as the price previously came up to the vicinity of the prior high level and found resistance there again.

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On the hourly chart, you can see that the price of Bitcoin broke down below the ascending trendline which was the minor trendline from 4th of March and retested it from the downside for resistance last Saturday which cause the price to start moving in a downward trajectory once more.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Mar 28, 2019 12:41 pm

LTC/USD

From last Thursday when the price of Litecoin was around $61.58 we have seen sideways movement in a range between the resistance level at $62.5 and the support at $58.2. Today the price has retested the horizontal resistance level of the mentioned sideways range and is currently sitting around $61.613.

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On the hourly chart, we can see that the price of Litecoin ended its five-wave to the upside. It formed a descending structure after. Today the price broke its resistance line but was stopped out at the minor horizontal resistance level with the price currently being in a downward trajectory. As the price is still above the resistance zone I was expecting a retest of its significant level at $57.558 which hasn’t occurred, but the price fell close to it on Tuesday coming to $58.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Mar 31, 2019 11:28 am

Ethereum Price Weekly Analysis: Can ETH Bulls Keep Uptrend Going?

ETH price rallied in the past few days and broke the $139 and $144 resistances against the US Dollar.
The price is currently correcting lower, but it could find a strong support near the $139 zone.
There is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains in an uptrend as long as there is no daily close below the $139 support zone.

Ethereum price is placed in a solid uptrend versus the US Dollar and Bitcoin. ETH/USD could test the $139 support area before it starts a fresh bullish wave above $144.

Ethereum Price Analysis

This past week, ETH price formed a solid support base near the $137 level against the US Dollar. The ETH/USD pair started a solid upside move and traded above the $139 and $142 resistance levels. There was a successful close above the $139 level and the 100 simple moving average (4-hours). It cleared the path for more gains and the price traded above the $144 resistance area. It traded close to the $146 resistance level and later started a substantial downside correction.

The price traded below the $142 level and the 50% Fib retracement level of the last wave from the $137 low to $145 swing high. However, the price found a strong buying interest above the key $139 support area. Moreover, there is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD. The 61.8% Fib retracement level of the last wave from the $137 low to $145 swing high also acted as a support. The price recovered, but the $142 area is acting as a hurdle.

It seems like there could be another dip in ETH price below the $140 level. However, the $139 support zone is likely to act as a crucial buy zone. As long as there is no daily close below the $139 level, the price is likely to bounce back in the near term.

Ethereum Price Analysis ETH Chart

The above chart indicates that ETH price is clearly placed in an uptrend, but bulls need to prevent the $139 support area. On the upside, a break above the $142 and $144 levels is needed for more gains. The next key resistance is near $146, above which the price is likely to test the $150 resistance level.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly moving in the bearish zone, with a few negative signs.

4 hours RSI – The RSI for ETH/USD is currently correcting lower from the 75 level and it could test 55.

Major Support Level – $139

Major Resistance Level – $144
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Mar 31, 2019 10:22 pm

thanks for work
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 02, 2019 2:54 pm

BTC/USD

From yesterday when the price of BTC was at $4163 the BTC/USD pair has increased by 22.7% today measured to the highest point the price has been which is at $5108.

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On the hourly chart, you can see that the price came to the descending trendline on Saturday when the interaction has been made. Then a minor retracement occurred to the 0.786 Fibonacci level where the price found support on a quick spike as it came back to the significant resistance level and was hovering around before finally going above it slightly, retested it from the upside. After that strong momentum was shown to the upside as the price increased impulsively and parabolically.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 09, 2019 3:58 pm

BTC/USD

From last Tuesday when the price of Bitcoin was sitting around $4192 we have seen an exponential increase of the price of Bitcoin as on the same day it increased by around 17% in a matter of hours to $4894. The following the day the price continued its upward trajectory and has come up by another 8.15% before a significant pullback occurred on Friday when the price fell by approximately the same as the previous increase, as it came down from $5327 to $4861.9 which was a decrease of 8.73%.

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Over the weekend the price continued increasing and came up to $5332 level again which has proven to be a significant resistance point as the price previously came to that level. It caused a sharp pullback, and has attempted another breakout yesterday but has been stopped out at those levels. Today the price again came close to the horizontal resistance level before starting to move to the downside again.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 11, 2019 5:00 pm

LTC/USD

From yesterday’s high at $91.318 the price of Litecoin has decreased by 12% measured to the lowest point the price has been today at $79.87. The price has been in a downtrend from Saturday when it came up to around $98, and then decreased by around 20% and is still moving to the downside.

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Looking at the hourly chart, you can see that the price of Litecoin is in a corrective stage after the price increased parabolically last week. As I have counted the sub-waves of the corrective structure we are now seeing its third component developing. The RSI is signaling extremely oversold conditions as it came down below 20% mark.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 16, 2019 1:30 pm

BTC/USD

From yesterday’s high at $5222 the price of Bitcoin has decreased by 4.58% measured to today’s low at around $4980 which was only a quick spike as the hourly candle closed at $5031. Since then the price has made a slight recovery and is currently in an upward trajectory sitting at $5106.6.

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Last week the price of Bitcoin experienced sideways movement from Monday until another spike to the upside was made to $5483.5 on Wednesday. But straight after the price started plummeting down with strong momentum and made a downfall of around 10% in one go as it came down to $4935.7 on Friday. This downfall has led the price below the support line of the ascending channel but the price managed to go back inside its territory.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 18, 2019 4:39 pm

LTC/USD

From yesterday when Litecoin was at $81.894 the price hasn’t changed much as its currently being traded at around $81.

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On the hourly chart, you can see that the price of Litecoin has been moving sideways from the 12th of April when a decrease with strong momentum has been made. As the price previously ended its impulsive move to the upside, a correction started developing out of which we have seen three waves. This means that I could have ended with the current structure being a consolidative range before finally the next move to the upside would start.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Fri Apr 19, 2019 11:53 am

Looks to me like BTC is about to fall more.
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 23, 2019 2:04 pm

BTC/USD

From yesterday’s low at $5275, the price of Bitcoin has increased by 5.95% as its currently being traded at $5580. The price was moving sideways over the weekend and was in a minor downtrend yesterday, but since it came down to the mentioned low levels it started increasing impulsively.

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On the hourly chart, you can see that the price came up to its significant resistance levels out of which the first one is a horizontal and the other is an ascending one. Both are significant as they are the upper outline of the range in which the price action has been stuck in for quite some time now, and considering that they are intersecting around the current levels there we can assume that strong resistance would be found and judging by the looks of the current hourly candle the price might have already encountered it.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 25, 2019 1:20 pm

LTC/USD

From last week when the price of Litecoin was sitting at $84.4 on Monday’s high, we have seen a decrease of 14.73% measured to yesterday’s low at around $71.9 which is the weekly low so far. The price has recovered slightly from yesterday’s downfall and reached $74.36 at its highest point today but again started decreasing and is currently sitting at around $73.

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On the hourly chart, we can see that the price made a breakout to the downside from the expanding structure that was seen from the 12th of April and that with strong momentum. As previous to the formation of the expanding structure, I have counted a three-wave correction we are most likely seeing its continuation. The expanding structure looked like it could have been the start of the next impulsive move the upside but since a breakout to the downside occurred instead it was most likely the 4th wave out of the same correction.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 30, 2019 3:16 pm

BTC/USD

From last Monday when the price of Bitcoin was $5266.5 we have seen an increase of 7.27% until Wednesday when the price came up to $5649. Since Wednesday the price of Bitcoin experienced a downfall below Monday’s open as the price came down to by 8.23% at its lowest point on Friday when it was sitting at $5185 at the open and even spiked lower to $5056. Over the weekend we have seen another increase as the price started recovering. But the increase ended on Sunday when the price reached the horizontal resistance at around $5562 from where another minor downtrend has started.

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On the hourly chart, you can see that the price action formed an expanding triangle from Sunday until today as the attempt for a breakout to the upside is currently being made. The price looks like it found some strong resistance as indicated by the wick from the upside seen on the last hourly candle so we are yet to see if the attempt ends as a fakeout.

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