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Crypto-analysis

ETH Ethereum Possible Reversal for Cryptos OR Not??? (1H Chart)I'm studying Cryptos quite a lot. They've taken a massive interest to me. Following the little stock market crash a few days ago where we saw indexes like DAX, SPX and FTSE all drop by a good 3-5%. Which all now seem to be rising in value. We've seen that most Cyrpto markets have been on a big bearish move. Now the thing is, when Bitcoin drops in price. So do many other coins and tokens. Largely because BTC is exchanged to a lot of these coins. When the price drops, the investors interest is also lost. Back to the chart we can see we've had what appears to be a strong bullish movement with a lot of buy orders being placed. Many people might suggest this is a reversal. However, as of the past hour I've picked up on divergence in MACD and the exponential averages are levelling out. If I was to make an educated analysis of the charts, I would say we are entering a consolidation or a channel. I believe the long term action is >>> BUY <<< but expect the price to remain very unpredictable, at best. I base this prediction on the fact that overall ETH is based on better technology and transaction rates are superior to Bitcoin. They still remain correlated however. Keep an eye on the moves!!! Good luck people!
BITFINEX:ETHUSDLong
by Joshua_nate
6
DASH/BTC - 2/2/2018DASH, being one of the older coins that I have analyzed (and currently being compared to Bitcoin rather than USD), has a much more stable price gain than others. After the initial pump in price, the coin started to travel in a very stable sideways market. This coin seems to be trading between a support and resistance level that essentially have been creating a long-term channel. Currently, the price is in a declining wedge whose lows have been tested very briefly. This is shown in the fact that the touches of the bottom side of the wedge have been by very long bearish wicks, that end up closing above the EMA(200). Using this, it can be determined that the price is trying to break this EMA (which would result in a switch to a bear market), but has not been able to close a single candlestick under this level. The long wicks are important though, because the price is reaching new relative lows to create this pattern. Although, the price is also consolidating into what looks like a symmetrical triangle if the wicks of the candlesticks are not being considered, pretty much using the EMA as the bottom side of the triangle. If the price does test the bottom of this wedge and attempts to break the EMA once again, the price is expected to reach the low of 0.05445, this price is around a significant point for a reversal in the past. The determination of whether the price will break above the triangle or below the EMA(200) lies in where the next few candlesticks close. Important Resistance Levels: 0.09174, 0.07683 Important Support Levels: 0.06214, 0.05356 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
D
by EQBM
A horrible year for Bitcoin and the crypto marketBefore you speak my idea badly, read through the entire text: There is no sign that the rally continues this year, the bubble will burst! Why do you think the bubble will burst? The question is easy to answer: Since history is always repeated in the world of trading, it will be the same this time. It's just unnatural how bitcoin has gone the years. It is not possible and it would be bad if the run continued. Many coins are way too expensive for their circumstances. Most of them either have no real use case or no finished product. In addition, the technical analysis speaks also against a bitcoin increase. Even if some do not want to admit it: > MACD makes a bearish cross in the weekly chart, which he did 1 1/2 years ago. > RSI over bought since more than 1 year. > We are about to confirm a candlestick under the EMA, which he did ... I dont know. > There are also areas that we have not tested for some time since the rally - $7500 and $5000 But what does that mean? For us it simply means that it will be a year of correction. Nevertheless, it is possible to end the year of the correction with profits. And my goal will be: To get each one of you to have a profitable year to make the next even more profitable! Stop being so optimistic and greedy, otherwise you'll lose!
BITSTAMP:BTCUSDLong
by E-55
21
Verge (XVG) won't escape it's flag soonVerge was one of the most interesting coins in the last weeks. Now that Bitcoin moves sideways, it might be a great opportunity to see, how the chart of Verge will behave. The problem with Verge right now is that it won't escape the flag it is in so easily. This means, that you should not expect any huge breakout for the next days. You might need to give it some time of consolidation since the resistance line is quite strong. As you can see from the chart, my guess is that Verge will go below the support line at 600 satoshi. But this will probably only happen after it hits the resistance line at approximated 920 Satoshi. What comes afterwards might be more interesting, though: There might be some good possibility of profit. This is something you don't want to miss out. Looking at the possibilities, you could even buy it now since it will go up. Or, you can look out for better possibilities among other alts until the day comes since you probably will be able to buy at a lower price. The indicators also signal some sideways movement. You must consider the fact that we are coming from an all time high. Just keep this coin in your watchlist. It will also be a nice 2018 for it. Good luck.
XLong
by calumon
3
IOTAUSD: Possible entry pointHi everyone, Even though the last week has been stormy for IOTA, I still believe IOTA is going to make a run for 7.5 – and even higher in the future. • The market made a ‘battish-pattern’ – which is not fully according to the ‘book’, but a good indication that the market is done correcting. • There is also a breakout on the 4H-RSI: • We broke out of the descending channel These technical confluences, together with some news events which will be announced short-term, make me believe that this is a good buy. You can buy the breakout of the blue-trendline. If the market breaks down leg ‘D’, of the harmonic-pattern, the pattern will be invalid. - Trade with care.
BITFINEX:IOTUSDLong
by ThetaNomad
9
BTC Time IndicatorCorrection time. FOMO is driving this pump with Media blasts about the recent ATH. We will get a break out in the the next few hours however, down will be the ultimate movement by the end of Sunday the 3rd. This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. Don't crack out on BTC 1.63% too long and remember to go outside and climb a tree or something. Happy trading ~Ji
COINBASE:BTCUSD
by JohnnyJi
1
BTC support levels from the ATH with IchimokuMacD on the 4 hour chart may flip soon. Turning bear. Also, every time frame under 4h on the MacD is showing a bear RSI also is continuing its decline. In times of ATH the Ichimoku offers some clues as to what the market may do. Expect support at the Tikansan, Kijun and top of the clould as the momentum stalls out. Still bullish on the daily and of course weekly. Trade on. ~Ji This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing. Happy trading everyone!!
COINBASE:BTCUSD
by JohnnyJi