BTC to Test Key Support LevelsWe have been due for a pause for a few days now. On the plus side, we've established a few good support levels. The next 12 hours will show which direction we go in as the Asian market begins to trade. If we do see a little more selling off I fully expect for BTC to test the support levels mentioned. Overall, I'm still bullish on BTC.
Bitcion
Neo Value Could be 1/3 of a BitcoinOne of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin.
The most recent price action shows that Neo broke above the previous high at btc 0.014 resistance and at the same time broke above the 227.2% Fibonacci retracement trendline. This shows bullish intentions of the Neo that could bring the price as high as btc 0.0033, yes, 1/3 of the Bitcoin.
On the downside, the price could continue to consolidate and even go back to one of the previous support levels and/or the 200 Moving Average. But the overall long-term trend should remain bullish.
Bitcoin analytics for noobs - serious moment :)Hello, its an analytics for noobs, everyone can understand it, please take your own decision based on what you think it will happen.
Falling of bitcoins 0.44% the last weeks, make the days, hours, minutes walk slowly for the most of the investors, if not all.
The famous question now is: will bitcoin 0.44% Die, will we see the end of a bubble, soon?
Noting yet is sure... even the experts can tell you what will happen, but keep an eye on the news
So we can see that Bitcoin 0.44% Use again the Down trend channel SUPPORT with 4 touch, but the EMA 50 (Orange line) may push the price down again...
4 scenario are possible:
1- Price will goes up, and broke the EMA 50, and keep going up (up trend)
2- Price will make a new nasty BULL FLAG (down trend continues)
3- Price may goes up, then Down after touching the EMA 50, so a retest of $5600 level will be assured
4- We can see a reversals trend from that low level $5600, or a break bellow that support (i think that this wont happen without the Bull flag or a kind of triangle that assure the continues down trend)
OkCash VS Bitcoin Strong Uptrend ExpectedOkCash has been consolidating since October 2017, while rejecting 2.5k satoshi support area multiple times. But only now it shows first signs of an uptrend against the Bitcoin by producing higher highs and higher lows. OK/BTC also closed above the downtrend trendline and the 200 Moving average confirming the upcoming trend up.
Currently, the price is at the support level where previously 4/1 Gann Fan trendline has been rejected, that is 3.8k satoshi. From that level, it is quite likely that OkCash will continue rising to test the first strong resistance near 10k satoshi psychological level. This resistance is confirmed by two Fibonacci retracement levels. First is a 50% Fibs applied through the last corrective wave up started in September last year. And second is 427.2% retracement level applied to the corrective wave down after breaking above the 200 MA and the downtrend trendline. Only a break and close below the 2.3k satoshi support could invalidate bullish outlook.
Incent VS Bitcoin BreakoutIncent found the bottom at 1000 satoshi on the 12th of October and since then, the price has been ranging between 1000 and 4000 satoshi for nearly 3 months. But on the 1st of January INCNT/BTC broke above the downtrend trendline and the 200 Moving Average which was the first sign of a potential trend reversal or a corrective move up.
Price reached 7.7k satoshi high and corrected back. What is interesting is that corrective wave was stopped at the 200 Moving Average which is now acting as a support, that has been rejected. Incent also rejected the 4/1 Gann Fan trendline and nearly tested the downtrend trendline. It seems that it is a very strong support that has been respected by the market and from this point onwards Incent could gontinue going higher.
First target is seen at 12.5k satoshi, that corresponds to two Fibonacci retracement elvels. First is 64.8% Fibs applied through the all-time high. Secon is 227.2% Fibs applied to the last corrective wave down where 3.7k satoshi support was rejected. Only daily break and close below the 3.7k sats support could invalidate bullish outlook.
PowerLedger VS Bitcoin New All-Time High?PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi.
On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline.
This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook.
GameCredits VS Bitcoin Might Grow Exponentially?GameCredits found the support at 10k satoshi and slowly but consistently started to move up, producing higher highs and higher lows. Price broke above the 200 Moving Average and then above the descending channel.
Currently, upper trendline of the descending channel is acting as a support and GAME/BTC could start an exponential growth from this point. The first upside target is seen at 50% Fibonacci retracement level, that is BTC 0.0010 psychological round number. It also corresponds to the previous resistance during July-August 2017. Only break and close below 10k satoshi support could invalidate bullish outlook.
Stratis VS Bitcoin Still Strong?After breaking above the previous resistance at 88k satoshi and the 200 Moving Average, suddenly Stratis is looking strong against the Bitcoin. Following the break above the resistance, STRAT/BTC went down and re-tested the 88k satoshi support, which in fact has been rejected.
The potential of the Stratis is definitely there and its quite likely that it will continue rising. The nearest resistance is at 125k satoshi, where 61.8% Fibonacci retracement is located. Then 144k and finally 160k resistance. Break above 160k satoshi could establish a longer-term uptrend although it is yet to see how price will react on each of the resistance. Break below the 200 Moving Average should invalidate bullish outlook.
AdEx VS Bitcoin - Medium Term OutlookFollowing the previous idea on ADX/USD , it has reached the upside target and rejected it. Pretty much the same is happening with Adex against the Bitcoin as it has approached the resistance at 25k satoshi.
This level has been acting as a support well as the resistance between August and September, so now the history may repeat itself. Not to mention that ADX/BTC reached the top of the descending channel and is very close to 2/1 Gann Fan trendline. 25k satosi support area could be acting as a strong resistance and could potentially send Adex back to the 200 Moving Average or the uptrend trendline.
On the upside note, break above the 25k resistance could prove that the trend up continues and then a buying opportunity might present itself. As for now, Adex remains a risky coin to hold.
Qtum VS Bitcoin Rising To Form Double Top?Qtum managed to break above the descending channel and 200 Moving Average suggesting that is it ready to continue trending upwards. QTUM/BTC producing higher highs and higher lows while trading within the ascending channel.
The overall trend is definitely bullish and Qtum should be moving higher to test 227.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year.
The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the ascending channel and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate bullish outlook.
VertCoin - A Risky Purchase?During the past 6 months Vertcoin has been moving upwards against Bitcoin, although at the end of October when it reached the 96k satoshi high, the price dropped strongly. The wave down was stopped at the previous resistance near 40k satoshi.
This is when a consolidation period started and since then VTC/BTC continued to trade within the range between 40k and 85k satoshi. While the support is holding it is likely that range trading will continue and VertCoin will go towards the 85k resistance once again. Nevertheless, although the upside potential is there, VertCoin remains a risky investment as price still could go back to test the uptrend trendline near 35k satoshi level.
Bitcoin Cash BreakoutBitcoin Cash has continued its rally, pulling back only slightly to join IOTA in entering the second phase of the impulse wave. It is a banality at this point to mention that we have been pushing the upper bound of the KRI during this breakout, and a red triangle marks a brief retracement, that should portend a possible buying opportunity especially if BCH retraces further. Watch for it to form a dragon head formation before breaking out again.
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The Rise Of BitcoinCash - Plotted SpeedBump Resistance Lines Lets get right down to it. First the disclaimer.
Not financial advise, dont bet the farm... you know dont make any bets based on this opinion. Seek financial advance from a qualified advisor and do as much research as possible before making any trade.
The Update
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Sorry to the people that follow us on Twitter waiting for these and previous plotted lines on a chart. We face certain problems trying to calculate on such a big currency such as BCH. The straight answer is that there are alot of different exchanges and those pools of volume must be taken into account before coming up with the lines. We chose BITFINEX for plotting our resistance lines since it has the least amount of drift when calculating using (Vs. BTC).
If you followed us on Twitter (here twitter.com) , we posted the first few lines of resistance already which seem to be holding up very well. Up till now our 3712 was our outer orbit of resistance. This is because it will take a very large amount of volume above this line to break it. And looking at the numbers today (right now) there isnt enough escape velocity to break it. We believe (and hope) this will result in some consolidation. $BCH needs to digest the move that has already happened to keep things together.
New SB Resistance lines
SBR9 =9355.48
SBR8 =8001.6
SBR7 =7371.06
SBR6 =6052.67
SBR5 =5799.1
SBR4 =4403.7
SBR3 =3712.52 (Contested - needs a lot of volume to break)
Support =3333.23 (Resistance Defeated)
Support=3122.09 (Resistance Defeated)
Lurker Buyer =3077.87 (Last seen a while ago. Not seen since.) Will post when #Mudspike occurs.
Who is #MrBlackhole
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There is a very large buyer we have detected in 3 cryptocurrencies and seems to have a very heavy influence. It seems this person/bot is buy side only and does not sell. This is why we branded him MrBlackHole. That said this is has made predicting movements higher easier because there is a very predictable incremental jumps buying levels. For some this sounds like pixie dust and hog wash. But if you look at our twitter and Trading view posts on VTC Vercoin, we have been able to predict levels of resistance before it even trades there. More recently we have been initiating coverage on BCH but unfortunately we do not have the sources to keep it up. So we will not be providing on going coverage beyond what we have posted here. The computing power, data storage and time required is .... taxing on our resources.
We will be providing coverage on one other coin in the coming days as soon as we verify the numbers. Now that we are finished with $BCH we will be focusing on the quieter coins.
IOTA UnstoppableIOTA seems unstoppable at this point, careening through the $1 and $2 handle, smashing through psychological and technical levels of resistance from above. It cut through the $3 handle with ease, and it is hard to fight the urge to chase this altcoin. Any dip should be seen as ripe for entry at this point, though one should consider taking some profits from this meteoric rise.
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Ripple Bullish But Facing ResistanceRipple just can't seem to get the memo the bulls left for cryptos. It's facing strong resistance at highs, despite hugging the upper bound of the Kovach Reversals Indicator. Both Kovach Momentum Indicators are chugging along, so hopefully we can push past this resistance soon. The Elliott Wave is a bit foreboding as we are far away from new highs at $0.40. I'm not entirely convinced of my representation of the current impulse, but my best guess is that we are in Wave 3 of the impulse of the 5-3 wave, which means we should be able to gain more traction as this is the longest and strongest phase.
Until then, turn to other altcoins for greener pastures.
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Bitcoin - Target 6600 [with quick exit plan]If the time is due for correction in bitcoin , the target is 6600. Rising wedge broke down with a strong spike and now consolidating. Will be taking a short at the top of the consolidation. THIS TRADE MAY FAIL. THIS IS NOT A HIGH PROBABILITY TRADE(because of the tight stop loss). BE PREPARED TO EXIT IF THE FLAG IS BROKEN UPSIDE.
BITCOIN (BTCUSD)People have been selling off on the climb.. The question is wether the suckers will continue to buy or more will sell. There is divergence as evidence of this happening. Does new buyers come in and make Bitcoin surge to the moon or are we in for a healthy BIG correction of selling, taking home profits? I would suggest the latter, the risk is too high not to take home a large portion of profits here...
Bitcoin BREAKOUT signal in Korean WonCheck out Bitcoin in Korean Won. It has already broken through those all time highs.
Unless this breakout fails and it crashes back through support, that is a very bullish sign for Bitcoin in USD.
Korea is always ahead of the USD market in Europe and the States, so this is certainly a strong tailwind that adds further momentum to our thesis that Bitcoin will break 5000 in USD soon.