Analysis Analysis of Ethereum, Bitcoin, Monero, Zcash, Litecoin & Ripple Published 2 years ago on April 8, 2017 By Jim Fredrickson Ethereum Ethereum continues to drift downwards as it bounces off 2nd arc support. It still paints a (relatively) bullish long-term picture, because it is on the sunny side of the arc pair, and above the 1×1 Gann angle (blue 45 degree line). My guess at the present is that this will continue for a couple more days until it hits the 1×1 line at ~ $38. If so, IMHO it will be a good buy. However, if it should close below that point, that would be quite bearish. So, that would be a good place to put a stop loss, (imho). Litecoin Litecoin’s chart is a thing of beauty. It responded to the setup like Ginger Rogers in the arms of Fred Astaire. Note hos that advance was largely contained by the 4×1 and 5×1 Gann angles. The correction was (so far) contained by the 2nd arc support. It seems that there is still a day or two to wait for this coin to finish correcting. My expectation is that 2nd arc support will continue to hold, but since we never know for sure, a stop loss below the arc might be a wise move. Bitcoin In our last column we noted that it was an energy day for bitcoin. Price was sitting below the 1st arc pair and I suggested caution. However, the coin took that energy and burst convincingly through the resistance. While the 2nd arc pair is at $1250, my guess is that a better profit target is the 3rd arc pair at $1440. Monero Monero has been trading sideways for a while now. Looking at the bear setup, which seems to be in control, my guess is that there is still a few days of sideways to down movement to contend with. I imagine I speak for all traders when I say that I hate trading sideways markets. Traders get eaten alive if they get caught up in that. In the event of a selloff to ~$17 the 3rd arc pair will be hit, and that might be a good buying opportunity. Zcash As mentioned in an earlier column a few days back, Z cash (ZECUSD) is my favorite trade right now. On both long and short term time-frames pricetime has closed above resistance. As you can see, there are 2 setups in this chart. There is a large 2nd arc (green) that price has just closed above, and also, a smaller, shorter-term setup wherein price just closed above the 1st arc. I have a feeling that this market will go quickly to triple digits. We will see. Ripple Ripple is my 2nd most favorite coin at this time. It has broken through short term resistance, and is very close to longer term resistance. I would not be at all surprised if we see a test of the ATH in the next week. Remember: The author is a trader who is subject to all manner of error in judgement. Do your own research, and be prepared to take full responsibility for your own trades. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Jim Fredrickson 5 stars on average, based on 2 rated postsJim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail. Follow @HackedCom Feedback or Requests? Related Topics:ethereumlitecoinMonerorippleZcash Up Next Coming Week: Stocks Mostly Bullish, Cryptocurrencies Going for New Records? Don't Miss Investment Recommendations April 7th You may like Crypto Update: Market Still in Deadlock Trade Recommendation: Litecoin Ethereum Price Analysis: ETH/USD Coming Towards the End of Triangular Pattern, Breakout is Around the Corner Trade Recommendation: NEO/Ethereum Crypto Update: Coins Extend Losses as Bulls Fail to Show Up Monero Price Analysis: XMR/USD is Stable and Gunning for Potential Gains on “Bulletproofs” Technology Update Day 9 Comments 9 Comments DamonEvans April 8, 2017 at 1:32 pm Thanks for the technical analysis. It would be great if we could also have a primer on each crypto coin. What are they about? Why would there be demand for them? Will they still be around in two years etc? While I’m familiar with Bitcoin it would be interesting to hear hacked.com’s thoughts about the alt coins Log in to Reply Jim Fredrickson April 9, 2017 at 1:27 am That would be an interesting article, though I am not the person to write it. My understanding of the technical aspects is sparse. I do however believe they represent the great hope of humankind; to free us from the endless cycle of debt and servitude which fiat currencies have imposed on us in our ignorance. Log in to Reply And April 8, 2017 at 5:52 pm Thanks Jim! Log in to Reply Jim Fredrickson April 9, 2017 at 1:28 am You are quite welcome. 🙂 Log in to Reply parmmd April 9, 2017 at 12:02 pm What stop would you recommend for Zcash since it has crossed 70 now? Thanks. Log in to Reply lake.landonb April 9, 2017 at 1:24 pm Man you rock! Glad I subscribed when I did. This article hooked me up Log in to Reply [email protected] April 9, 2017 at 11:39 pm Hello Jim, Can I enter the Zcash now since it’s back from 72 and now trading in the range of 63 since 4 hrs again? Log in to Reply Jim Fredrickson April 10, 2017 at 1:36 am I remain very bullish on Zcash, ripple and a host of other coins. This week looks like it will be very exciting for crypto traders. Log in to Reply [email protected] April 10, 2017 at 2:00 am Thanks a lot Jim. You are awesome. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Analysis Crypto Update: Market Still in Deadlock Published 17 hours ago on October 20, 2018 By Mate Cser The choppy, directionless period in the cryptocurrency segment continues, with no meaningful change in the technical setups of the major coins. While the broader trends are still clearly bearish and sellers remain in control of the market, we saw another minor bullish shift in the past 24 hours, with modest gains across the board. Most of the top coins are trading in the range of the Monday session, which saw the spike triggered by the turmoil in Tether. Stellar is the apparent positive outlier of the past few days, while Dash, Litecoin, and Ethereum have been the weakest so far this week. DASH/USD, 4-Hour Chart Analysis On a positive note, all of the majors remain above last week’s levels, and especially Bitcoin’s continued stability is encouraging for crypto-bulls here, even as our trend model paints a negative picture of the segment. BTC/USD, 4-Hour Chart Analysis Bitcoin avoided a test of the $6275 level despite moving below its recent very narrow trading range yesterday, with still no meaningful bearish or bullish momentum present in the coin’s market. BTC continues to trade below the $6500 level, and its volatility is very low, even after the move below the previously dominant broad triangle consolidation pattern. Further resistance levels are still ahead near $6750 and $7000, while support levels below $6275 are found near $600, $5850 and between $5000 and $5100. Altcoins Little Changed as Ethereum Still Glued to $200 XRP/USD, 4-Hour Chart Analysis The weekend has been very quiet for altcoins so far, with even the recently active Ripple settling down near the $0.46 level. XRP is around the midpoint of Monday’ s range but the lack of follow-through after the breakout from the triangle consolidation pattern is a negative sign, and the coin remains on a short-term sell signal in our trend model. Strong resistance is still ahead at $0.51, $0.54, $0.57, while support is found near $0.42, $0.375, and $0.35. ETH/USD, 4-Hour Chart Analysis Ethereum continues to hover around the $200 price level still being in bearish short- and long-term patterns and the relative weakness of the second largest coin remains a huge concern for the whole segment. With no evidence of meaningful capital inflows to the market, the outlook is neutral at best, and traders and investors should wait for at least a short-term trend change before entering new positions. Strong support is found near $180, $170, and $160, while resistance is ahead near $235 and $260. EOS/USD, 4-Hour Chart Analysis EOS is also among the relatively weaker coins, and the coin is stuick in a broad Trading range around the $5.35 level since August. Volatility in the coin’s market has been progressively declining, but the vicinity of the bear market low suggests that the long-term downtrend is still intact, especially given the segment-wide trends. A test of the lows is still more likely than a bullish break-out, with strong support found near $4.50 and key resistance ahead near $6 and $6.5. Featured image from Shutterstock Disclaimer: The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Mate Cser 4.6 stars on average, based on 380 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market. Follow @HackedCom Feedback or Requests? Continue Reading Altcoins Cardano Price Analysis: ADA/USDT is Eyeing a Big Move Out of Current Technical Setup Published 21 hours ago on October 20, 2018 By Ken Chigbo Positive update from IOHK audit of Icarus by Kudelski Security. ADA/USDT is moving within a pennant pattern formation, subject to breakout. Solid Icarus Audit reported by IOHK IOHK recently announced in their forum that an audit was conducted by Kudelski Security, which is an independent and third-party security audit firm. The audit conducted demonstrated that the Icarus project implementation for Cardano looks all good and set to go, without any major problems. However, a few changes may need to be executed. IOHK developed the Icarus code as a reference implementation, for Cardano light portfolio. The important of “independent audits, like this one was stressed by IOHK. Stating “they are critical for identifying security issues in the Icarus wallet, that may not have been identified by internal audits”. Furthermore, IOHK has elucidated Icarus as an open source code base serving as a reference for the creation of safer and easier mobile wallets for Cardano. They said, “this guarantees our customers and clients the safest portfolio we can offer.” Given the benefit of an external audit, the developers can resolve any problems identified during its product launch audit. Positive Updates from Cardano Founder Cardano’s founder, Charles Hoskinson, was recently commenting on Cardano’s future. He said “We have so many amazing things coming out.” Mr Hoskinson further added that one of their scientists has flown in from Switzerland. They will be doing a video, which will be the first time they have ever talked about their sharding design that we have for Cardano. Further commenting on other updates, including videos about Shelley and the Rust project. Technical Review – Daily Chart ADA/USDT daily chart ADA/USDT is moving within a triangular pattern or a pennant formation, as seen via the daily time frame. It is narrowing, moving closer to a breakout. Ranging ahead of another drop to the deep south. Although, fundamental developments coming out from the Cardano foundation, remain very much upbeat currently. Over the past 8 days, the price has been grinding higher, after receiving support at the lower trend line of the above-mentioned pattern. In terms of resistance to the upside, this can be seen at 0.08310000. The upper tracking trend line. Further north, a supply zone is running from 0.09000000-0.09500000. ADA/USDT last traded here on 23rd September. Finally, support is tracking at 0.071800000, lower part of the pennant, also within a demand area. Another strong buying territory is observed from 0.06500000-0.06000000. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Ken Chigbo 4.5 stars on average, based on 33 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Crypto Update: Top 10 Worst Performers Make Bottom Picking List Published 24 hours ago on October 20, 2018 By Kiril Nikolaev Yesterday, October 18, 2018, Cryptoglobe published, a list of the 10 worst performing cryptocurrency investments of 2018. These altcoins suffered heavy losses of between 97% – 99%. With tremendous devaluation, it may lead you to think that altcoins or cryptos are dead. After all, other assets such as stocks or commodities may likely never come back to life after losing all but one percent of their value. But this is crypto where coins nosedive one day and skyrocket the next. Cryptoglobe can show you a picture of tragedy, but us; we see opportunity. In this two-part article, we reveal how the top 10 worst performing cryptocurrency investments can make a good bottom picking list. Zclassic (ZCL/BTC) % Down from All-time High: 99% Current Status: Zclassic/Bitcoin (ZCL/BTC) is currently finding footing at its historic support level of 0.0005. In the last four weeks, the pair has been range trading between 0.0005 and 0.000074. Bottom Picking Candidate? An altcoin that’s down 99% is a great bottom picking candidate. Aside from the possibility of a technical bounce, you can expect whales and expert bottom fishers to accumulate positions at this level. So, you can either trade the range or accumulate with the best of them. Weekly chart of ZCL/BTC Game Credits (GAME/BTC) % Down from All-time High: 98% Current Status: GAME/BTC is attempting to carve a bottom at the parabolic support of 0.000025. Over the last four weeks, the pair has been trading between 0.000025 and 0.0000346. Bottom Picking Candidate? Yes, GAME/BTC has the potential to generate a strong rally in the coming weeks. Volume spikes on September 23 and October 4 hint that someone is accumulating at these levels. More importantly, the market is flashing oversold readings on the weekly RSI. GAME/BTC has the essential ingredients of a powerful bounce. Weekly chart of GAME/BTC Bitcoin Diamond (BCD/BTC) % Down from All-time High: 97% Current Status: BCD/BTC is currently trading inside a huge falling wedge on the daily chart. It is still bearish as it continues to generate lower highs and lower lows. Bottom Picking Candidate? No, BCD/BTC is not a great bottom picking candidate. However, the pair looks ripe for a breakout. The usual catalysts are present: flashing extreme oversold readings, nearing the apex of the wedge, and trading at all-time lows. Look for volume spikes as a sign of a breakout. Daily chart of BCD/BTC Ethos (BQX/BTC) % Down from All-time High: 97% Current Status: BQX/BTC has been carving a bottom at 0.000045 for over a month now. Those who were able to buy at this level are lucky because BQX/BTC is looking ripe for a rally. Bottom Picking Candidate? Yes, if you can still manage to get as close to 0.000045 as possible. The volume surges in the last few days suggest that the pair is in the final stages of base building. On October 14, BQX/BTC printed volume that’s over 250% of its daily average. Daily chart of BQX/BTC SALT (SALT/BTC) % Down from All-time High: 97% Current Status: SALT/BTC may already be in an uptrend but it seems that only a few people are looking. The 4-hour chart shows that the pair is currently generating a bullish higher low after pulling back from its first higher high in months. SALT/BTC looks bullish in our book. Bottom Picking Candidate? Yes, this pullback gives you an opportunity to buy the higher low. We expect SALT/BTC to trade near the support of the ascending channel as it consolidates. 4H chart of SALT/BTC Bottom Line In trading and investing, the worst performing cryptocurrency investments and other assets often provide the maximum financial opportunity. We’re seeing that in the first half of the list. We have a feeling that we’ll see more or less the same in the second half of the list. Stay tuned. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Kiril Nikolaev 3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances. Follow @HackedCom Feedback or Requests? Continue Reading Recent Commentsmvppvm_07 on Bitcoin Price Showing Little Upside as Trade Volumes Approach Yearly LowsKen Chigbo on Monero Price Analysis: XMR/USD is Stable and Gunning for Potential Gains on “Bulletproofs” Technology Update DayAceBreakz on Monero Price Analysis: XMR/USD is Stable and Gunning for Potential Gains on “Bulletproofs” Technology Update DayChris G on Crypto Update: Altcoin Market Cap on the Verge of Trend Reversaldavidstewartkim on “The Core of Any Blockchain Project is Decentralization” – Jack Zhang, Lightning Bitcoin Trade Recommendation: Litecoin Bitcoin Price Showing Little Upside as Trade Volum... Volatility Ahead For Bitcoin Price as Global Trade... Cardano Price Analysis: ADA/USDT is Eyeing a Big M... Ethereum Price Analysis: ETH/USD Coming Towards th... Ripple: Moving Toward Mass Acceptance Is BTC Still the Real Bitcoin? Not According to Ro... Recent Posts Volatility Ahead For Bitcoin Price as Global Trade Volumes Drop Sharply October 20, 2018 Crypto Update: Market Still in Deadlock October 20, 2018 Ripple: Moving Toward Mass Acceptance October 20, 2018 ICO Analysis: Svandis October 20, 2018 Bitcoin Price Showing Little Upside as Trade Volumes Approach Yearly Lows October 20, 2018 Trade Recommendation: Litecoin October 20, 2018 Trade Recommendation: EOS October 20, 2018 Cardano Price Analysis: ADA/USDT is Eyeing a Big Move Out of Current Technical Setup October 20, 2018 Zcash (ZEC) Up 16% For Week as Sapling Hardfork Approaches October 20, 2018 Crypto Update: Top 10 Worst Performers Make Bottom Picking List October 20, 2018 A part of CCN Hacked.com is Neutral and Unbiased Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com. Trending Analysis1 week ago Bitcoin Update: 2018 and 2014 Bear Market Comparison Altcoins1 week ago Electroneum’s Benchmark Month Sends ETN Coin Price Up 333% Altcoins1 week ago Digitex Futures (DGTX) Cements Top 100 Position with 194% Two-Week Growth Altcoins3 days ago Tron (TRX) Progressing Faster Than Anyone Predicted – Including Justin Sun Altcoins6 days ago Why Investors Should Pay Attention to Kyber Network Altcoins1 week ago Tron Price Analysis: TRX/USD Shoots Higher After Justin Sun Leaves Community Drooling from Anticipation Market Overview1 week ago Market Update: Tech Stocks Lead Wall Street from the Abyss Bitcoin1 week ago Bitcoin Whales to the Rescue?