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

Wed Mar 14, 2018 4:49 pm

Is anybody tell me about the graphs of Cryptocurrency?
What exactly would you like to know?

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

Fri Mar 16, 2018 12:42 pm

Bitcoin Falls Over 20 Percent

Bitcoin has lost over 20 percent of its value during the last ten days. With the break below the $9,211 level, BTC re-entered a bear market on the daily charts. After that breakdown, we saw a substantial decline to $7,656 dollars yesterday. Since then prices bounced back a bit but this seems to be a dead-cat rally.

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A breakout above $11,769 dollars is needed to end the current downtrend. A move above here would also turn the trend from down to up. Support on the way down can be found at $7,656 (weak) followed by the $7,536 swing low. Last month’s low at $5,980 is another notable support level. A break below here could lead to more losses. On the weekly charts, BTC/USD is range-bound. The monthlies are still keeping the bullish bias. But as we’ve said previously, an eventual change of trend on this time-frame could take many months.

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

Wed Mar 21, 2018 3:14 pm

Bitcoin Bounces but Downtrend Remains

After large losses of over $2,000 last week BTC/USD hit a high of $9,020 today. Softer tones on crypto regulation from the G20 helped to ease investor sentiment somewhat. During the weekend Mark Carney, the head of the Financial Stability Board, said that ‘crypto-assets do not pose risks to global financial stability at this time’ citing the relative size of the overall market cap.

However a later mention in the G20 communique pledged to apply money laundering and terrorist financing standards to cryptocurrency. The G20 also called for more information and recommendations on crypto regulation by July.

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

Fri Mar 23, 2018 2:47 pm

Ether Drops 16 Percent

Ether has dropped over 16 percent in the past seven days and is currently quoted just below the 0.06 round figure. The altcoin has been in a persistent downtrend versus bitcoin since the middle of February, losing over a third of its value during this time. Support below can be found at the latest swing lows around 0.059 and the 0.06 round figure. This is followed by the 0.05405 swing low and the 0.05 BTC round figure.

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

Thu Mar 29, 2018 3:23 pm

Bitcoin Down 10 Percent

Bitcoin is down since our last update, from $8,839 to $7,501 dollars right now. The downtrend noted in last week’s article remains in place for BTC/USD.

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To end it the bulls need to push bitcoin back above the $9,165 swing high. A rally beyond the $9,887 swing high is needed for a new uptrend. However due to the proximity of the $10,000 round figure, its likely that many will wait for its break before committing to the rally. Resistance higher up can be found at $10,680 dollars, followed by the double top around $11,769 dollars per coin. A breakout above here may lead to more gains.

On the lower end we have support at the $7,287 swing low, followed by the major crash low at $5,980 dollars. Of course the round figures at $7,000 and $6,000 dollars may act as temporary support as well. On the longer-term charts the picture is mixed. The weekly chart is range-bound while the monthly is still showing a bullish bias.

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

Wed Apr 04, 2018 2:38 pm

Bitcoin Bounces From Lows

Bitcoin is quoted at $7,378 dollars right now, a gain of 15 percent from the lows. However, this bounce is still very much in the realm of ‘dead cat’, as counting from the start of March bitcoin is down by 29 percent.

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To end the current downtrend on the daily charts BTC/USD needs to break the $9,018 swing high. A new uptrend may commence if we decisively break the $9,165 high. Higher up there’s more resistance at the $9,887 swing high followed by the $10,000 round figure. A breakout above here may accelerate the gains. But with BTC at $7,378 we are still far from that scenario.

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

Fri Apr 06, 2018 4:35 pm

Ether Downtrend Still in Force

The downtrend for ETH/BTC continues for another week. Right now the crypto is trading at 0.05430 per BTC, around 4 percent off the lows.

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We’ve been mostly range-bound during the past few days but we’re still far from ending the bearish trend on the daily charts. For that to happen the bulls need to push us above the 0.06030 BTC swing high. Higher up a break above 0.072 BTC is needed to trigger a new uptrend.

Below current prices there’s major support in the 0.050 – 0.052 BTC area. A decisive break below the 0.05 round figure would exacerbate the losses for Ether. On the longer-term charts ETH/BTC is looking range-bound on the weeklies but bullish on the monthly charts.

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

Fri Apr 13, 2018 10:42 am

Bitcoin Back in Range After Spike

Bitcoin prices surged from $6,859 to $8,069 dollars yesterday, a gain of 17.64 percent. We are currently quoted at $8,048 dollars per coin. But what’s even more astounding is that the spike happened during the span of forty minutes. No major news can be pinned to the sudden buying as of yet.

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While the shocking gains today may tempt some to ‘FOMO‘ back in, bitcoin is now only in a range on the daily charts. A new bullish trend requires a breakout above the $9,165 swing high. Below we find weaker resistance levels at $9,018 and $9,000 dollars. Above there’s the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars.

On the way down there’s a strong area of support around $6,420 to $6,600 dollars. A clearing of this support and a move below $6,420 would re-start the downtrend in BTC/USD. Further down we have this year’s low at $5,980 dollars. A breakdown below here may lead to more losses. Lower still the area around the $5,000 round figure is another notable support. On the weekly charts bitcoin is also range-bound but the monthlies are keeping the bullish bias.

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Wed Apr 18, 2018 1:39 pm

No Follow-through for Bitcoin

Bitcoin prices are having a hard time making headway during the past five days. We saw a new high of $8,425 on Sunday but this was quickly sold into by the bears. We are currently quoted at $8,102 dollars.

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Bitcoin is still in a range on the daily charts. To end it we need a breakout above $8,425 dollars to the upside. As usual we’re looking for a decisive breakout here not just a brief and shallow spike higher. Higher up there’s more resistance around the $9,000 round figure and the $9,165 swing high. Further up we have the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars.

On the lower end the bears need a break of the support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. On the longer-term weekly charts BTC/USD is range-bound as well. The monthly charts are still looking bullish.

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

Fri Apr 20, 2018 7:57 am

CRYPTO HEADLINES — April 19, 2018

1. Bitcoin and Crypto are Solutions to the $164 Trillion Global Debt
The International Monetary Fund has reported that the global debt has hit $164 trillion marking a trend that could lead to a catastrophic recession if countries fail to pay off debts due to strict financing conditions. According to the IMF report more than one — third of the worlds advanced economies carry a debt to GDP level over 85%, three times more than in 2000. At the same time, a fifth of developing markets have debt levels above 70% GDP. These may be the kinds of numbers that inspired Satoshi Nakamoto to embed into the hash of the genesis block of the Bitcoin blockchain this headline from ‘The Times’ — “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Read more at NewsBTC.
2. Kraken CEO: Crypto Exchange Won’t Answer New York AG’s Inquiry
San Francisco-based cryptocurrency exchange Kraken isn’t planning to respond to the New York Attorney General’s newly unveiled inquiry into the ecosystem. Kraken was one of 13 exchanges that received a letter from New York Attorney General Eric Schneiderman on Tuesday as part of his new inquiry into cryptocurrency exchanges, as previously reported. While most exchanges generally welcomed the inquiry and said they would fill out the attached questionnaire, Kraken took a different tack when reached for comment. Read more at CoinDesk.
3. Bitcoin is flashing a rare buy signal, crypto hedge fund manager says
The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers. Dan Morehead, CEO of Pantera Capital, said the digital currency has been growing at 165 percent per year in the five years the firm has been in business. “Something that’s growing that fast hardly ever gets below its 200-day moving average,” Morehead told CNBC’s “Fast Money” Wednesday. “When it does, it’s a very good time to buy”. Read more at CNBC

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

Sat Apr 21, 2018 9:03 am

CRYPTO HEADLINES — April 20, 2018

1. Bitcoin Is About to Have Its First Back-to-Back Weekly Gain in 2018
Bitcoin bulls are celebrating the virtues of the biggest cryptocurrency again. The digital coin gained as much as 4 percent Friday, putting it on pace for its first back-to-back week of gains this year. The mini-rally is helping to ease the pain from the more than 50 percent loss in the first quarter that followed last year’s 1,400 percent surge. Read more at Bloomberg.
2. Bitcoin Cash is soaring as traders ready for another hard fork
Bitcoin cash was up more than 10% Friday, continuing its outperformance of other major cryptocurrencies, as a competing hard fork approaches on May 15. The fourth-largest cryptocurrency, which split from bitcoin in a similar hard fork in 2017, is now up more than 30% in the past week. Bitcoin, by comparison, is up 5% over that time. Read more at BusinessInsider.
3. South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore
Bithumb, South Korea’s leading cryptocurrency exchange, has recently revealed plans to issue its own token, Bithumb Coin, in an Initial Coin Offering (ICO). According to a report, the Bithumb token sale will be conducted in Singapore since ICOs are banned in South Korea. Read more at CoinTelegraph.

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

Mon Apr 23, 2018 7:56 am

CRYPTO HEADLINES — April 21, 2018

1. Bitcoin Price is Up 13.6% Since Tax Season Came to an End
Bitcoin is performing well in the market today as it tests the $9,000. The newfound bullish momentum is not a surprise for Fundstrat Global Advisors analyst Tom Lee, who said that tax filings were bringing the cryptocurrency market down and ‘Tax Day’ would eventually trigger an upside move for the bitcoin price. The bitcoin price has been steadily rising since April 12 after being buoyed at the $6,500-$7,000 range. Read more at NewsBTC.
2. Stellar Run: XLM, IOTA, ADA Spike in Good Week for Altcoins
Alternative cryptocurrencies shone bright this week, as the wider cryptocurrency market saw continued resurgence. The total market capitalization of all cryptocurrencies rose 25 percent week-on-week to $375 billion, according to CoinMarketCap — that’s up from below $250 billion just 10 days ago. Read more at CoinDesk.
3. Amazon Web Services Releases Blockchain Frameworks For Ethereum And Hyperledger Fabric
Amazon Web Services (AWS) cloud platform has recently introduced its Blockchain framework for Ethereum (ETH) and Hyperledger Fabric allowing users to build and manage their own Blockchain-powered decentralized applications (DApps), AWS announced in a blog post Thursday, April 19. According to the statement, users will be able to create their own Blockchain applications via the AWS CloudFormation Templates tool to avoid the time-consuming manual setup of their Blockchain network. Read more at CoinTelegraph.

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

Wed Apr 25, 2018 11:19 am

Bitcoin Rally Continues

The rally in BTC/USD continues with more gains during the past few days. As noted previously, with the break above the $8,425 dollars swing high we’re back in a bull market on the daily charts.

Image

There’s weak resistance higher up at $9,887 dollars followed by a stronger level at the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars. Fundamentally no major news have been released to trigger the current bull market in cryptos. The several smaller news events have been both bullish and bearish for the price.

The current rally may end if we get a decisive break below the $7,821 swing low. A new bearish trend needs a break of the support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. On the longer-term weekly charts BTC/USD is range-bound but the monthly charts are keeping the bullish bias.

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

Thu Apr 26, 2018 2:55 pm

What do you think, to what value can bitcoin grow by the end of 2018?

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

Fri Apr 27, 2018 10:57 am

What do you think, to what value can bitcoin grow by the end of 2018?
The price of Bitcoin is too volatile to make predictions for such a long term in advance.
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Fri Apr 27, 2018 2:25 pm

What do you think, to what value can bitcoin grow by the end of 2018?
The price of Bitcoin is too volatile to make predictions for such a long term in advance.
It is this volatility that is interesting for speculative purposes

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

Fri May 04, 2018 3:38 pm

More Gains for Bitcoin

Since last Tuesday bitcoin prices advanced by $439 dollars or almost 5 percent. Naturally the uptrend on the daily charts is still in place. To end it the bears will have to push us below the $8,650 swing low. A new downtrend requires a breakdown below the next swing low at $7,821 dollars per coin.

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Further down there’s strong support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. Higher up there’s some resistance at the psychological $10,000 figure, followed by more resistance at $10,680, $11,000 and $11,769 dollars. On the weekly charts BTC/USD is range-bound but the monthly charts are still keeping the bullish bias.

Similarly to last week there have been no major news catalyst behind the moves. There has been some chatter from China regarding the legality of some bitcoin trading platforms but so far there hasn’t been any fire, only smoke.

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

Fri May 04, 2018 8:12 pm

Bitcoin marketplace is getting mature with the development of proper regulations. Now the market is building good support and resistance and the traders are able to predict the future with some convenience. Moreover, keeping bitcoin in the wallet is a good option till now. Am I right in this regard?

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

Thu May 10, 2018 3:12 pm

Bitcoin Rally Stalls

As noted above, the rally in BTC/USD is somewhat stalling. Prices topped out at $9,987 dollars six days ago and since then it’s been a slow ride down. Yesterday morning we dipped below the $9,000 round figure briefly but recovered quickly for a second time. However the bulls may not be so lucky the third time around, another retest may lead to a breakdown lower.

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The potential trend-ending support stands at the $8,815 swing low although not far from here there’s more decent support at the $8,650 swing low. A new downtrend may commence on a decisive break below the $8,000 round figure. Further down there’s some support around the former swing low at $7,287 dollars.

But a stronger area to watch out for is the $6,420 to $6,600 range. This is where we bottomed out last time. This year’s low at $5,980 dollars is another notable level. A clearing of these support levels may open the door to the $5,000 round figure. There’s no change on the longer-term charts. Here the weekly is still range-bound with the monthly keeping a bullish bias.


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

Tue May 15, 2018 3:38 pm

Bitcoin Back in a Downtrend

As noted in our previous article, BTC/USD is now back in a bear market. Last week we saw a drop of over $1,000 dollars during which a low of $8,202 was hit. From here we got somewhat of a dead-cat bounce, helped by the Consensus conference.

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But with the event already underway and technicals turning bearish, speculators could start to ‘sell the news’. Weak support on the way down can be found at the $8,202 swing low, followed by the $8,000 round figure. Further down we have more support at $7,821, another notable swing low. A strong support area below can be found in the $6,420 to $6,600 dollars range. This is where we bottomed out during the last selloff. A decisive break below here could open the door for a break of this year’s low at $5,980 dollars.

On the upside there’s resistance at the $9,165 dollars, followed by a strong area of resistance around the $10,000 round figure. A clean breakout above here would both end the downtrend and start a new uptrend. On the longer-term weekly charts BTC/USD is in a range while the monthly chart is looking bullish.

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

Thu May 17, 2018 4:05 pm

Ether Loses Momentum

Ether prices have lost the positive momentum vs bitcoin. We are currently quoted at 0.08414 BTC, below the highs hit back on May 6th.

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Nonetheless, ETH/BTC remains in an uptrend on the daily charts. To end it the bears will have to make a decisive push below the 0.07703 BTC swing low. A breakdown below 0.07413 BTC is needed for a new downtrend.

Higher up there’s weak resistance above the 0.085 BTC round figure. This is followed by the 0.08829 swing high and the 0.09 and 0.1 BTC round figures. A decisive breakout above here may open to door to this year’s high at 0.121 BTC. On the longer-term weekly charts Ether is range-bound. The trend is bullish on the monthly charts, which take a longer time to turn.

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

Tue May 22, 2018 4:47 pm

Litecoin Remains in Downtrend

Similarly to bitcoin, litecoin too remains in a downtrend. We are currently quoted at $133 dollars and trading just above a set of several potential support levels at $130.70, $128.57 and $125 dollars. A clearing of this support area should lead to further losses.

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The first strong level of support after this area can be found at the $108.44 swing low. The low for 2018 is close to here at $105.55 dollars, some traders may choose to wait until that level is taken out as well. Further down the $100 round figure may also act as weak support to falling prices.

On the top end we have resistance at $142 dollars followed by the $150 round figure. Higher up a breakout above the $152.80 swing low would end the current bearish trend on the daily charts. A move above the $184.47 swing high is needed for a new LTC rally. On the longer-term weekly and monthly charts LTC/USD is still looking bullish.

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

Fri May 25, 2018 4:49 pm

Ether in Range

Ether prices are back in a range vs bitcoin on the daily charts. You can see this range marked with a yellow rectangle on the charts below. The pair dropped to a low of 0.07437 BTC earlier today during a bout of selling across the board. With a previous swing low at 0.07413 BTC, this formed somewhat of a double bottom.

Image

A clearing of this bottom would start a new downtrend in ETH/BTC. On the upside the bulls need a breakout above the most recent swing high at 0.08542 BTC. This could re-start the move higher. Resistance above can be found at the 0.08829 swing high and the 0.09 and 0.1 BTC round figures. A decisive breakout above here may open to door to this year’s high at 0.121 BTC. On the longer-term weekly charts Ether is also range-bound. The trend is bullish on the monthlies but these charts take a longer time to turn.

The major event today and the reason for selling in ETH and BTC was news that the U.S. Justice Department entered a criminal probe into crypto price manipulation. The article says that the investigation is focused on illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Bloomberg specifically lists BTC and ETH as some of the coin markets that are being investigated. This was probably the reason why the selling was concentrated in these two cryptos while some others fared better.

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

Fri Jun 01, 2018 9:49 am

More Losses for Litecoin

Similarly to BTC, litecoin saw more losses since last Tuesday. The altcoin is down by $16 dollars or 12 percent. We are currently trading at $118.25 dollars per coin.

Image

While no large moves have been seen during the past few days, the trend is still down. To end it we need a breakout above the $140.62 swing high. A move beyond $160 dollars is needed for a new uptrend.

On the lower end there’s a large area of strong support, starting from the $109.28 low hit on Tuesday and ending with the low for 2018 at $105.55 dollars. Notice how the situation here looks very similar to what’s going on with BTC/USD. Both coins are sitting on top of a large support area, a break of which could lead to extended losses below. On the longer-term weekly and monthly charts LTC/USD is still in an uptrend.

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

Wed Jun 06, 2018 5:14 pm

Bitcoin Slightly Higher

Bitcoin has advanced higher by almost 2 percent in a low volatility environment. The high during the past seven days was at $7,775 and the low at $7,270 dollars, a range of $505 dollars or close to 7 percent. This is very low compared to recent price movements. For example the 14 week ATR (Average True Range) is around $1,500 while the 5 week ATR is at almost $1,000 dollars.


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Today we got close to the low from last Wednesday after bitcoin exchange Bitfinex went down. Prices quickly bounced back after the site relaunched. Markets are rightly worried about a Bitfinex outage, back in August of 2016 the exchange said that it lost 120,000 bitcoins to a hack.


On the technical side things haven’t changed much, which is to be expected during low volatility. We are still in a downtrend on the daily charts. A breakout above the $7,775 swing high is needed to end the bearish trend. A move above the $8,590 swing high is needed for a new rally. A breakout above the $10,000 round figure could accelerate the gains.


On the lower end there’s a large area of support starting from last week’s low at $7,046 to the lows set back in April at $6,420 dollars. A clearing of this area should give us enough momentum to take out the 2018 low at $5,980 dollars per coin. On the weekly charts BTC/USD is range-bound. Prices are still looking bullish on the monthly charts.


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

Fri Jun 08, 2018 4:26 pm

Dash Stays in Downtrend


Dash prices continue to linger near the lows vs bitcoin. We are trading at 0.03999 BTC at the moment, only slightly off last month’s low at 0.03981 BTC. A breakout above the latest swing high at 0.04325 BTC may end the downtrend. A move beyond the 0.05 BTC round figure is needed for a new rally.


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On the lower end the key support is around 0.03981 BTC. This is a major swing low for DSH/BTC as well as the low for the current year. A decisive breakdown below here could lead to more losses below. On the longer-term charts the picture here is the same as Ether. We are in a range on the weekly charts but in an uptrend on the monthly charts.


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

Thu Jun 14, 2018 3:24 pm

Bitcoin Nears Yearly Lows

Bitcoin hit a low of $6,129 earlier in the day, only $149 dollars away from the 2018 low at $5,980. The strong support around the $6,400 level seems to be cleared now although a short-term dead-cat bounce is not out of the question. We are currently quoted at $6,430 dollars.

Image

The trend on the daily chart remains down. To end it we need a breakout above the $7,775 swing high. A move above here would also start a new rally in prices. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. This is where the last major push up died. A clear break above could lead to further gains.

On the downside, there’s weak support around the 2018 low at $5,980 dollars. A stronger level of support is the $5,000 round figure. A decisive breakdown below it would exacerbate the losses. On the longer-term charts, the picture is unchanged. We are still range-bound on the weeklies and bullish on the monthlies. But as noted many times before, these timeframes take a long time to turn.

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

Wed Jun 27, 2018 4:12 pm

Both bitcoin and litecoin are trading only a few percentage points above the 2018 lows. Bitcoin is quoted at $6,075 dollars right now, down by $625 dollars or 9.3 percent. Litecoin is trading at $77.31 dollars, down by $20 and almost 21% in percentage terms.

Bitcoin Floats Above 2018 Lows

Bitcoin hit a new yearly low of $5,766 on Sunday but we got a fairly quick rebound from here. In the next few days the dead-cat bounce took us to $6,326 dollars but as you can see on the chart below a lot of those gains have since faded.

Image

We are still in a downtrend on the daily charts. To end it we need a breakout above $6,840 dollars per coin. A new rally, however, requires a break of the $7,775 resistance as well. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level.


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

Thu Jun 28, 2018 11:45 am

Ether is sitting on the important support around 0.07 BTC per coin. Meanwhile, Dash is making new yearly lows and is quoted at 0.03693 BTC at the moment.

Ether Sits on Support

After falling by almost 10 percent since last Thursday, Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are a lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly.

Image

Ether is quoted at 0.07107 BTC right now. A decisive breakdown below 0.06961 BTC is needed to finally start the downtrend on the daily charts. For now, the pair remains in a range. Support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC.

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

Fri Jul 06, 2018 4:24 pm

ETHER LITTLE CHANGED, DASH DOWN

Both Ether and Dash are trading little changed versus bitcoin. Ether is up by 0.11% while Dash is lower by 0.84 percent since last Thursday. Not large moves by any means and especially not for the crypto market which tends to be more volatile than traditional markets.

Ether Little Changed

Ether is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where we were trading at on June 28th.

Image

Ether is still in range on the daily charts, we remain in ‘wait and see’ mode here. The shallow break below the previous lows doesn’t count as a trend changer.


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