Sam Bourgi on August 24th, 2017.
Litecoin (LTC) spiked above $50.00 on Thursday, as demand for Bitcoin Cash (BCH) cooled amid growing concerns that it is heading for another crash. According to Bitcoin analyst Tuur Demeester, the next BCH selloff will likely push Litecoin prices sharply higher. The Bitcoin Hedge? Demeester refers to Litecoin as the “real Bitcoin...
Mate Cser on August 23rd, 2017.
Wednesday Market Recap Asset Current Value Daily Change S&P 500 2441 -0.45% DAX 12174 -0.45% WTI Crude Oil 48.45 1.32% GOLD 1294.00 0.31% Bitcoin 4181 3.79% EUR/USD 1.1812 0.43% The broad rally in cryptocurrencies stole the show today, as financial markets remained hesitant before the much-awaited Jackson Hole FED-symposium. With...
Mate Cser on August 23rd, 2017.
The influx of capital into altcoins continues in earnest, as Ripple added to yesterday’s lofty gains, and it catapulted back to the third place regarding market capitalization. The coin took over Bitcoin Cash after almost doubling in price in a couple of days. XRP is now just below the $0.30 level, although the all-time high of the...
Fredrik Vold on August 23rd, 2017.
The Big Question: Bitcoin seems to be out of correction territory, but for how long? Bitcoin prices rebounded overnight during Asian trading hours, shrugging off earlier losses, suggesting that the virtual currency might be out of the correction the followed earlier peaks, at least for now. Bitcoin started to spike in the early hours of...
Mate Cser on August 22nd, 2017.
After Monero’s surge yesterday, today it’s Ripple that’s on the move, breaking out from its long standing declining trend, and moving above several key resistance levels. The coin is still below the line-in-the-sand resistance at $0.22 but odds favor further more after the lengthy correction. Ethereum Classic, which has been correlated...
Fredrik Vold on August 22nd, 2017.
The Big Question: Has Bitcoin Reached a Temporary Peak? Investors might be losing confidence over a recent rally that saw a few record highs in Bitcoin price. After trading above $4,300 on Thursday, the price for Bitcoin fell sharply, and is currently trading below $3,700, well below the $4,000 mark. Some traders are reportedly losing...
Sam Bourgi on August 22nd, 2017.
Digital currency Ethereum climbed to a two-month high on Monday, taking some of the heat off Bitcoin and Bitcoin Cash, which have slumped since the weekend. Ethereum Forges Higher Path Concerns over Bitcoin created a favourable tailwind for Ethereum (ETH/USD), which is the world’s No. 2 digital currency by total assets....
Mate Cser on August 21st, 2017.
The bull market in cryptocurrencies continues and Monero is the next coin to shine after Dash’s break-out last week. The currency already showed strength in recent weeks, and it finally ended its consolidation with a bang, breaking out to new all-time highs and surging past the $75 level as well. The coin quickly hit the range projection...
Dmitriy Lavrov on August 20th, 2017.
The price bounced from the support zone formed by the uptrend line and 4000.00-3900.00 support levels. RSI and a bullish divergence confirmed price reversal. It’s time to buy. The local swing high will be a good level for placing pending orders. If the market passes 4200.00 level, it will be an additional confirmation of further...
Mate Cser on August 19th, 2017.
It was a great week for the patient Dash bulls, as the currency that has been trading in a broad consolidation pattern finally broke out to new highs. While the coin was relatively strong for a long-time, it failed to gather strong bullish momentum. This week, the correction ended with a vengeance, and Dash first hit prior range...
Mate Cser on August 18th, 2017.
Friday Market Recap Asset Current Value Daily Change S&P 500 2430 0.05% DAX 12165 -0.31% WTI Crude Oil 48.38 2.72% GOLD 1293.00 0.05% Bitcoin 4174 -2.89% EUR/USD 1.1753 0.23% The major US indices showed weakness yesterday for the second day in a row, as investors got spooked by the weakening position of the Trump administration and...
Mate Cser on August 18th, 2017.
Most of the major cryptocurrencies are slightly in the red today, as the recent strong rally in BTC seems to be running out of steam. The severely overbought currency breached the $4500 level yesterday before turning lower again, and that’s a drag on the whole segment, although Bitcoin Cash is still rallying strongly since the first 8 MB...
Dmitriy Lavrov on August 18th, 2017.
The price bounces from the uptrend line. RSI confirms price reversal. We can try to catch possible upward movement. Pending orders for buy must be placed above 4325.00 level. Stop orders must be below the uptrend line and the local swing low. It’s 4134.00 level. Profit target should be at 4500.00 level. This is a short term trade....
Mate Cser on August 17th, 2017.
The bull market in cryptocurrencies continues to make headlines, as BTC and Dash registered another great day, both hitting new all-time highs. Bitcoin only breached its prior record price by a small margin, while Dash shot up by 15% as its triangle consolidation finally ended. The coin turned lower from a tad below our long-term range...
Mate Cser on August 16th, 2017.
BTC settled down slightly after a swift 10% correction yesterday, and it continues to trade near the $4000 level, still being strenuously overbought regarding the long-term picture. The coin might be forming a short-term Head and Shoulders topping pattern, which would have a target price of $3200 if completed. That said, a move above...
Sam Bourgi on August 16th, 2017.
Bitcoin has more than doubled over the past month, as the hype and euphoria around crypto-investing continue to outweigh fears of a burgeoning asset bubble. For one astute cryptocurrency analyst, bitcoin’s year-long rally appears to be a self-fulfilling prophecy. Google ‘Bitcoin’ and See How Many Results Show Up At the...
Mate Cser on August 15th, 2017.
Tuesday Market Recap Asset Current Value Daily Change S&P 500 2462 -0.07% DAX 12177 0.10% WTI Crude Oil 47.45 -0.29% GOLD 1280.00 -0.75% Bitcoin 4085 -4.13% EUR/USD 1.1740 -0.33% Global stocks are virtually unchanged today following yesterday’s strong rally, as volatility remains low, trading volumes are back to their summer normal....
Mate Cser on August 15th, 2017.
The overbought condition that the most valuable coin built up since the correction low led to a swift correction today after BTC spiked to $4400 on Monday. The coin surged past our range projection target at $4150 before heading lower and completed a 150% rally in 4 weeks. Despite the current dip, the currency remains overbought, and we...
Mate Cser on August 14th, 2017.
Monday Market Recap Asset Current Value Daily Change S&P 500 2464 0.96% DAX 12165 1.25% WTI Crude Oil 47.84 -2.01% GOLD 1288.00 -0.45% Bitcoin 4296 6.39% EUR/USD 1.1780 -0.37% Global stock markets opened sharply higher this week, as diplomatic options including Chinese sanctions got into the forefront of the North Korea standoff. The...
Mate Cser on August 14th, 2017.
Bitcoin is still all the rage in the crypto-segment, as the currency completed a 100% rally since the BIP 91 lock-in just three weeks ago, reaching $4250 this morning, for yet another new all-time high. The coin surged past our range-projection target and it’s now approaching danger zone regarding long-term momentum, with strongly...