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Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: We expect a further decline in BTC/USD to levels: $6100, $5700. Cancellation of the scenario may be caused by Bitcoin price increase above $6800. Resistance levels: $6400; $6500; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price will continue lowering to the level of $6100. ETH/USD Overview: The global trend remains descending. Current situation: We expect a further decline in the price of ETH/USD to the level of $150. Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: Downtrend. Current situation: If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Cancellation of the scenario - Ripple price growth above $0.50. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.44; $0.38; $0.30. Forecast: Ripple price reduction from $0.44 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: Continuation of the reduction of the price of BCH/USD to $350. LTC/USD Overview: The trend is bearish. Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower. Resistance levels: $50; $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $49; $46. Forecast: Drop in the price of Litecoin from the level of $49 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation is above $6400. At the moment the price is trading in a flat: $6350- $6500. We expect price reduction to $6100. We do not exclude the fall in the price of BTC/USD to the level of $5700. Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800. Resistance levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6400; $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6400 and target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of Ethereum continues to trade near $200. We still expect a decline in the price of ETH/USD to the level of $150. Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Reduction of the price of ETH/USD from $200 with the goal in the area of $180- $150. XRP/USD Overview: The trend is downward. Current situation: The price of Ripple is trading above the support line of its uptrend. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect quotation of XRP/USD near $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Cancellation of the scenario - Ripple price growth above $0.50. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.44; $0.38; $0.30. Forecast: Reduction of the price of Ripple from $0.45 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: The price of Bitcoin Cash has risen above $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $500; $520; $560; $600; $650; $680; $800. Support levels: $450; $400; $350. Forecast: Reduction of the price of BCH/USD from $450 with a target of $350. LTC/USD Overview : The trend is bearish. Current situation: We expect the fall of the price of Litecoin to $46, possibly lower. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $52 and with the target of $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview : The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation is still in flat: $6350- $6500. And we expect it to exit flat down to the level of $6100. We do not exclude the fall in the price of BTC/USD to the level of $5700. Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800. Resistance levels: $6400; $6500; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6400 and target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The market situation is unchanged. The price of Ethereum continues to be near the $200 level. We still expect a decline in the price of ETH/USD to the level of $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: Reduction of the price of ETH/USD from $200 and the goal in the area of $180- $150. XRP/USD Overview : The trend is downward. Current situation: The price of Ripple is trading above the support line of its uptrend. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect quotation of XRP/USD near $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.44; $0.38; $0.30. Forecast: Reduction of the price of Ripple from $0.45 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: Reduction of the price of BCH/USD from $430 and a target of $350. LTC/USD Overview : The trend is bearish. Current situation: We expect the fall of the price of Litecoin to $46, possibly lower. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $52 and with the target of $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation have decreased and today is trading below $6400. We expect this asset to decline to $6100. If the resistance of $6100 will be broken through, then in this case we expect a decline in the BTC/USD quotation to the zone of $5800- $5700. Resistance levels: $6400; $6500; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6400 with a target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The market situation is unchanged. The price of Ethereum continues to be near the $200 level. We still expect a decline in the price of ETH/USD to the level of $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: We predict a decline in the price of XRP/USD to the level of $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.44; $0.38; $0.30. Forecast: Ripple price reduction from $0.45 and target $0.30. BCH/USD Overview: Trend is bearish. Current situation: The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $430 and target $350. LTC/USD Overview: Trend is bearish. Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation is above $6400. We expect this asset to decline to $6100. If the resistance of $6100 will be broken through, then in this case we expect a decline in the BTC/USD quotation to the zone of $5800- $5700. Resistance levels: $6400; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6400 with a target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The market situation is unchanged. The price of Ethereum continues to trade above $200. We still expect a decline in the price of ETH/USD to the level of $150. Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: The price of Ripple today reached a level above $0.46. We do not consider this growth as a change in the downtrend. We expect a decline in the price of XRP/USD to $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.44; $0.38; $0.30. Forecast: Ripple price reduction from $0.46 and target $0.30. BCH/USD Overview: Trend is bearish. Current situation: The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $450 and target $350. LTC/USD Overview: Trend is bearish. Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $54 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Today, Bitcoin's quotation reached $6760 at the moment, after which it dropped to $6400 and is currently trading near this level. We characterize this growth as a short squeeze in a thin market. We expect a further decline in BTC/USD to the zone of $5800- $5500. Resistance levels: $6400; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6400 with a target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of ETH/USD is near the $200 mark. Today's growth of quotation to $220 is not a change in trend, and we still expect the price of Ethereum to fall to $180- $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: The price of XRP/USD today tested the level of $0.46 and went below. We expect a further price reduction for Ripple to $0.34- $0.30. The signal for this will be top-down breaking through the level of $0.38. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76. Support levels: $0.38; $0.30. Forecast: Ripple price reduction from $0.44 and target $0.30. BCH/USD Overview: Trend is bearish. Current situation: The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $450 and target $350. LTC/USD Overview: Trend is bearish. Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower. Today's price increase to $57 is not a change in the downward trend. We remain on the side of the sellers of this asset. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation attempt to correct, after falling to $6100. Today, the price of BTC/USD even tested the $6350 mark, after which it went lower. Sellers continue to dominate the market, there is no interest from buyers. We expect the asset to continue to decline to $5700, but for this, sellers need to overcome the $6100 mark. Resistance levels: $6400; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6200 and target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of ETH/USD is below $200. We expect a further price drop to $180- $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: We expect a further decrease in the price of Ripple to the zone of $0.34- $0.30. The signal for this will be breaking through the top-down level of $0.38. The maximum possible upward correction, before the decline to our goal - the zone $0.45- $0.46. Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76. Support levels: $0.38; $0.30. Forecast: Ripple price reduction from $0.44 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. The maximum level of correction is up, before the decline - the zone is $470- $480. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $450 and target $350. LTC/USD Overview: The trend is bearish. Current situation: We predict a fall in the price of Litecoin to $46. The maximum correction level is $56. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation reached our first goal at $6100. We expect a further decline in the price of BTC/USD to the level of $5700, but for this it is necessary for the quotation to break through the level of $6100. Resistance levels: $6400; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6200 and target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of ETH/USD is trading near $200. We still expect a price reduction to $180- $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: Trend is downward. Current situation: Ripple quotation rose to $0.44. We expect further decline in the asset to $0.30. But also, we do not exclude the possible continuation of the correction up to the zone of $0.45- $0.46. Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76. Support levels: $0.38; $0.30. Forecast: Ripple price reduction from $0.44 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: The price of Bitcoin Cash has broken through and consolidated below $450. We expect the price to be updated in the $400- $350 zone. The maximum level of correction up the price of BCH/USD is $470- $480. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $450 and target $350. LTC/USD Overview: The trend is bearish. Current situation: We are expecting an update of the Litecoin price lows near the $46 mark. The maximum correction level is $56. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation reached our first goal at $6100. We expect a further decline in the price of BTC/USD to the level of $5700. The maximum correction level is $6600. Resistance levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6200 and target $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of ETH/USD is traded near the level of 200, the decline for today was 11%. We still expect a price reduction to $180- $150. Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400. Support levels: $180; $150; $100. Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone. XRP/USD Overview: Trend is downward. Current situation: Ripple's price fulfilled our target of decline and reached the level of $0.38. We expect XRP/USD price correction to $0.44. After the end of the price correction, we expect a further price reduction. Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76. Support levels: $0.38. Forecast: Ripple price reduction from $0.44 and target $0.30. BCH/USD Overview: The trend is bearish. Current situation: The price of BCH/USD has reached the level of $450. We expect the breakthrough of this level and the departure of the price to the zone of $400- $350. Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800. Support levels: $400; $350. Forecast: BCH/USD price reduction from $450 and target $350. LTC/USD Overview: The trend is bearish. Current situation: We expect the LTC price to drop to $46. Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75. Support levels: $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: The price of Bitcoin has gone below the support level of $6600. The interest in the BTC/USD asset from the buyer's side does not appear. We remain on the side of sellers and expect prices to fall to levels: $6100, $5700. Resistance levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6400; $6100; $5800; $5400; $4500. Forecast: Bitcoin price reduction from $6500 and targets: $6100, $5700. ETH/USD Overview: The global trend remains descending. Current situation: The price of Ethereum is below the support level of the rising channel. We expect a decline in the price of ETH/USD to the zone of $180 - $150. A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $280 - 300. But this option is considered unlikely. Resistance levels: $240, $280; $300; $325; $350; $380; $400. Support levels: $220, $200; $180; $150; $100. Forecast: ETH/USD price reduction starting from $220 and target in the $180- $150 zone. XRP/USD Overview: Trend is downward. Current situation: We expect the asset price to fall to $0.42— $0.38. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Decrease in the price of Ripple from the zone $0.47 with a target in the $0.42- $0.38 zone. BCH/USD Overview: The trend is bearish. Current situation: We predict a breakout from top to bottom of the level of $500 and the departure of the price of BCH/USD to the level of $450. Also, do not exclude quotation going to levels: $400, $350. Resistance levels: $520; $560; $600; $650; $680; $800. Support levels: $500; $450; $400; $380. Forecast: BCH/USD price reduction from $510 and target in the $400 - $350 zone. LTC/USD Overview: The trend is bearish. Current situation: We expect the LTC price to drop to $46. Resistance levels: $58; $60; $62; $65; $68; $72; $75. Support levels: $54; $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $57 and the target - $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The Bitcoin trend remains downward. All highs and lows prices have a declining trend, which is typical for a bear market. If the BTC/USD price drops below $5700, where the uptrend line is located (the trend has been formed since March 2017), then the long-term goals of decline will be in the area: $4000- $3000. Current situation: BTC/USD quotation continues to be in the consolidation range of $6400 - $6600. We expect a decline in prices to levels: $6100, $5700. In our opinion, the price of Bitcoin may drop to $5000. But this scenario is possible when the price falls below $6100- $5700. Cancellation of the scenario of the asset reduction may be caused by the growth above $7400. Resistance Levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6400; $6100; $5800; $5400; $4500. Forecast: Reduction of the price of Bitcoin from $6500 with targets: $6100, $5700. ETH/USD Overview: The global trend remains downward. Current situation: The price of Ethereum is being traded near the level of 220. We are still expecting a decline in the price of ETH/USD to the zone of $180 - $150. A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $270. Resistance Levels: $220; $240, $270; $300; $325; $350; $380; $400 Support levels: $200; $180; $150; $100 Forecast: Reduction of the price of ETH/USD from $220 and the goal in the area of $180- $150. XRP/USD Overview: The trend is downward. Current situation: Ripple’s quotation broke through an important support level of $0.50. We expect the asset price to fall to $0.42— $0.38. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Reduction of the price of Ripple from $0.48 and the goal in the zone of $0.42- $0.38. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash price remains above $500. We expect the BCH/USD price reduction to the level of 450, we also do not exclude the breakthrough of this level and the quotes departure to levels: $400, $350. Resistance Levels: $520; $560; $600; $650; $680; $800 Support levels: $500; $450; $400; $380 Forecast: Reduction of the price of BCH/USD from $510 and a target in the area of $400 - $350. LTC/USD Overview: The trend is bearish. Current situation: The quotation of Litecoin remains below the support line of the ascending channel (level $60). We still expect the LTC price to drop to $46. Resistance levels: $58; $60; $62; $65; $68; $72; $75 Support levels: $54; $50; $49; $46. Forecast: Reduction of the price of Litecoin from $58 with a target of $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
1
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The Bitcoin trend remains downward. All highs and lows prices have a declining trend, which is typical for a bear market. If the BTC/USD price drops below $5700, where the uptrend line is located (the trend has been formed since March 2017), then the long-term goals of decline will be in the area: $4000- $3000. Current situation: BTC/USD quotation continues to be in the consolidation range of $6400 - $6600. We expect a decline in prices to levels: $6100, $5700. In our opinion, the price of Bitcoin may drop to $5000. But this scenario is possible when the price falls below $6100- $5700. Cancellation of the scenario of the asset reduction may be caused by the growth above $7400. Resistance Levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6400; $6100; $5800; $5400; $4500. Forecast: Reduction of the price of Bitcoin from $6500 with targets: $6100, $5700. ETH/USD Overview: The global trend remains downward. Current situation: The price of Ethereum is being traded near the level of 220. We are still expecting a decline in the price of ETH/USD to the zone of $180 - $150. A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $270. Resistance Levels: $220; $240, $270; $300; $325; $350; $380; $400 Support levels: $200; $180; $150; $100 Forecast: Reduction of the price of ETH/USD from $220 and the goal in the area of $180- $150. XRP/USD Overview: The trend is downward. Current situation: Ripple’s quotation broke through an important support level of $0.50. We expect the asset price to fall to $0.42— $0.38. Resistance levels: $0.50; $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Reduction of the price of Ripple from $0.48 and the goal in the zone of $0.42- $0.38. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash price remains above $500. We expect the BCH/USD price reduction to the level of 450, we also do not exclude the breakthrough of this level and the quotes departure to levels: $400, $350. Resistance Levels: $520; $560; $600; $650; $680; $800 Support levels: $500; $450; $400; $380 Forecast: Reduction of the price of BCH/USD from $510 and a target in the area of $400 - $350. LTC/USD Overview: The trend is bearish. Current situation: The quotation of Litecoin remains below the support line of the ascending channel (level $60). We still expect the LTC price to drop to $46. Resistance levels: $58; $60; $62; $65; $68; $72; $75 Support levels: $54; $50; $49; $46. Forecast: Reduction of the price of Litecoin from $58 with a target of $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend on Bitcoin remains downward. All highs and lows prices have a declining trend, which is typical for a bear market. If the BTC/USD price drops below $5700, where the uptrend line is located (the trend has been formed since March 2017), then the long-term goals of decline will be in the area: $4000- $3000. Current situation: The BTC/USD quotation is in the consolidation range of $6400 - $6600. We stick to the scenario with a decrease in the price of Bitcoin with the current level and goals near levels: $6100, $5700. But we also do not exclude the possible continuation of the correction up to the levels: $6800, $7200. We do not recommend to make purchases at these levels. In our opinion, the price of Bitcoin may drop to $5000. But this scenario is possible when the price falls below $6100- $5700. Cancellation of the scenario of the asset reduction can be caused by the growth above $7400. Resistance Levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6400; $6100; $5800; $5400; $4500. Forecast: Reduction of the price of Bitcoin from $6500 with targets: $6100, $5700. ETH/USD Overview: The global trend remains downward. Current situation: The price of Ethereum was not able to overcome the resistance line at around $230. We still expect further price reductions of ETH/USD to the zone of $180 - $150. A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $270. Resistance Levels: $220; $240, $270; $300; $325; $350; $380; $400 Support levels: $200; $180; $150; $100 Forecast: Reduction of the price of ETH/USD from $220 with the goal in the area of $180- $150. XRP/USD Overview: The trend is downward. Current situation: Ripple's quotation is near the mark of 0.50. We, as in previous reviews, remain on the side of XRP/USD sellers, and we expect the asset price to fall to $0.42— $0.38. Resistance levels: $0.58; $0.70; $0.76. Support levels: $0.50; $0.42; $0.38. Forecast: Reduction of the price of Ripple from the level of $0.50 and the goal in the zone of $0.42- $0.38. BCH/USD Overview: The trend is bearish. Current situation: The price of Bitcoin Cash continues to be above $500. Since the quotation is below the support zone of $520– $530, we still have reason to expect a price at the level of $450, where the support line of the ascending channel passes. In case of the price going below the support of $450, the decline will continue to levels: $400, $350. Resistance Levels: $520; $560; $600; $650; $680; $800 Support levels: $500; $450; $400; $380 Forecast: Reduction of the price of BCH/USD from $510 and a target in the area of $400 - $350. LTC/USD Overview: The trend is bearish. Current situation: Litecoin quotation is below the support line of the ascending channel ($60 level), which gives us reason to expect an update of the annual price lows near the level of $46. Resistance Levels: $58; $60; $62; $65; $68; $72; $75 Support levels: $54; $50; $49; $46. Forecast: Reduction of the price of Litecoin from $58 with a target of $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation has decreased to $6500, where the support line is located. In the event of a breakdown of $6500, we expect a decline to $6100. In our opinion, the price of Bitcoin can go deeper, to the level of $5000. But this scenario is possible if the price falls below $6100-$5700. Cancellation of the scenario can be caused by growth above the level of $7400. Resistance levels: $6800; $6900; $7200; $7400. Support levels: $6500; $6300; $6100; $5800; $5400; $4500. Forecast: Bitcoin price decrease from the $6500- $6600 zone and the target - $6100. ETH/USD Overview: The global trend remains descending. Current situation: We expect the price reduction of ETH/USD to the $180 - $150 zone, after breaking through the level of $220. The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $270. Resistance levels: $240, $270; $300; $325; $350; $380; $400. Support levels: $220, $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from current values ($220- $230) and the target in the $180- $150 zone. XRP/USD Overview: Downtrend Current situation: The quotation of XRP/USD tested the level of $0.62 from the bottom-up and went down and is currently trading near the 0.56 mark. We do not recommend buying an asset on these values. Resistance levels: $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Decrease in the price of Ripple from the zone $0.58 - $0.53 with a target in the $0.42- $0.38 zone. BCH/USD Overview: The trend is bearish. Current situation: We expect the price drop of Bitcoin Cash to levels: $400, $350. Resistance levels: $560; $600; $650; $680; $800. Support levels: $520; $500; $450; $400; $380. Forecast: The price of BCH/USD is falling from the level of $530 and the target in the $400 - $350 zone. LTC/USD Overview: The trend is bearish. Current situation: The current situation remains the same, we expect a decrease in the price of Litecoin to $46. Cancelation of the scenario can be caused by fixing the price of LTC/USD above $68. Resistance levels: $62; $65; $68; $72; $75. Support levels: $60; $58; $56; $54; $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $60 and the target - $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: We are waiting for the exit from the ascending channel down. If that the price of BTC/USD goes below $6400. Goals of the decline: $6100, $5700. Also, we do not rule out a deeper decline in Bitcoin's price to the level of $5000. But this scenario is possible if the price falls below $6100-$5700. Cancellation of the scenario can be caused by growth above the level of $7400. Resistance levels: $6800; $6900; $7200; $7400. Support levels: $6550; $6300; $6100; $5800; $5400; $4500. Forecast: The decrease in Bitcoin's price from the $6500- $6700 zone and the target of $6100. ETH/USD Overview: The global trend remains descending. Current situation: The price of Ethereum was not able to return to its uptrend (consolidation above $240). We expect the price of Ethereum to continue to decrease to $180 - $150. The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $270. Resistance levels: $240, $270; $300; $325; $350; $380; $400. Support levels: $220, $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from current values ($230- $240) and the target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: The current situation for Ripple remains the same. We forecast the price drop to the zone $0.42 - $0.38. Cancellation of the scenario can be caused by a growth above the level of $0.58. Resistance levels: $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Ripple price reduction from the zone of $0.54 - $0.53 with a target in the $0.42- $0.38 zone. BCH/USD Overview : The trend is bearish. Current situation: At the moment, the BCH/USD quotation is trading near the $560 level. We expect the acceleration of the price drop, after breaking through the $500 mark. The levels of decline remain the same - $400, $350. Resistance levels: $560; $600; $650; $680; $800. Support levels: $520; $500; $450; $400; $380. Forecast: The fall in the price of BCH/USD from the level of $550 and the target in the $400 - $350 zone. LTC/USD Overview : The trend is bearish. Current situation: We expect the price to continue falling to the level of $46. Cancellation of the scenario can be caused by fixing the price of LTC/USD above $68. Resistance levels: $62; $65; $68; $72; $75. Support levels: $60; $58; $56; $54; $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $62 and with the target of $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
1
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: We still expect the price of BTC/USD to fall to $6100, $5700. We expect to see these goals in the near future. Also, we do not rule out a deeper decline in Bitcoin's price to the level of $5000. But this scenario is possible if the price falls below $6100-$5700. Cancellation of the scenario can be caused by growth above the level of $7400. Resistance levels: $6800; $6900; $7200; $7400. Support levels: $6550; $6300; $6100; $5800; $5400; $4500. Forecast: Bitcoin price decrease from the $6800- $6600 zone and the target - $6100. ETH/USD Overview: The global trend remains descending. Current situation: We stick to the short scenario. The price of Ethereum is above $220. We expect the price of Ethereum to continue to decrease to $180 - $150. The cancelation of ETH/USD price reduction can be caused by the buying out of the price above the level of $240. In this case, we expect a further rise in the price to the $270- $300 zone. Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from current values ($220- $230) and the target in the $180- $150 zone. XRP/USD Overview: Trend is downward. Current situation: The current situation for Ripple remains the same. We forecast the price drop to the zone $0.42 - $0.38. Cancellation of the scenario can be caused by a growth above the level of $0.58. Resistance levels: $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Decrease in the price of Ripple from the zone $0.54 - $0.53 with a target in the $0.42- $0.38 zone. BCH/USD Overview: The trend is bearish. Current situation: BCH/USD asset is currently trading above $520. We expect the continuation of the decrease of Bitcoin Cash to the targets near the marks: $400, $350. Resistance levels: $560; $600; $650; $680; $800. Support levels: $520; $500; $450; $400; $380. Forecast: The price of BCH/USD is falling from the level of $540 and the target in the $400 - $350 zone. LTC/USD Overview: The trend is bearish. Current situation: The price of Litecoin went up to $65 and bounced down. We expect the price to continue falling to the level of $46. Cancelation of the scenario can be caused by fixing the price of LTC/USD above $68. Resistance levels: $62; $65; $68; $72; $75. Support levels: $60; $58; $56; $54; $50; $49; $46. Forecast: Drop in the price of Litecoin from the level of $62 and the target - $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin's quotation yesterday tested the bottom-up level of $6550 and went down. We remain in the position of sellers. The targets of BTC/USD price drop are $6100, $5700. The cancellation of the short-term scenario is a rise in price above the $6800 level. Resistance levels: $6550; $6600; $6800; $6900; $7200; $7400. Support levels: $6300; $6100; $5800; $5400; $4500. Forecast: The decrease in Bitcoin's price from the level of $6550 and with the target of $6100. ETH/USD Overview: The global trend remains descending. Current situation: We stick to the short scenario. The price of Ethereum is below $220. We expect the price of Ethereum to continue to decrease to $180 - $150. The cancellation of the price reduction of ETH/USD: buy out of the price above the level of $230. Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from the current values ($210- $220) with the target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: We forecast the price drop to the zone $0.42 - $0.38. Growth above the level of $ 0.58 will be considered cancellation of the scenario. Resistance levels: $0.58; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: The Ripple price drop starting from the level of $0.53 with a target in the $0.42- $0.38 zone. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash yesterday unexpectedly increased by 20%. At the moment, it is trading above $550. In our opinion, this was the removal of sellers (Short-squeeze). We think that further lowering of the price of BCH / USD is probable. The levels of decline remain the same - $400, $350. Resistance levels: $560; $600; $650; $680; $800. Support levels: $520; $500; $450; $400; $380. Forecast: The fall in the price of BCH/USD from the level of $570 with the target in the $400 - $350 zone. LTC/USD Overview: The trend is bearish. Current situation: The price of Litecoin went up to $64. We expect the price to continue falling to the level of $46. Cancellation of the scenario: fixing the price of LTC/USD above $68. Resistance levels: $64; $66; $68; $72; $75. Support levels: $58; $56; $54; $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $64 with the target of $46.
BITSTAMP:BTCUSD
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview : The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: We still forecast a decrease in the price of BTC/USD to levels: $6100, $5700. We expect to see these goals in the near future. Also, we do not exclude a deeper decline in Bitcoin's price to the level of $5000. But this scenario is possible if the price falls below $6100- $5700. The cancellation of the short-term scenario is a rise in prices above the $6800 level. Resistance levels: $6600; $6800; $6900; $7200; $7400. Support levels: 6500; $6300; $6100; $5800; $5400; $4500. Forecast: The decrease in Bitcoin's price from the level of 6550 and with target of $6100. ETH/USD Overview: The global trend remains descending. Current situation: We stick to the short scenario. The price of Ethereum is below the 220 mark. We expect the price of Ethereum to continue to decrease to the $180- $150 zone. The cancellation of the price of ETH/USD reduction the buy out of the price above the level of $230. Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Decrease in the price of ETH/USD from the current values ($210- $220) and the target in the $180- $150 zone. XRP/USD Overview: The trend is downward. Current situation: Ripple rose to the level of $0.57 and is currently declining. We forecast the price drop to the zone $0.42 - $0.38. Cancellation of the scenario may be caused by a growth above the level of $0.58. Resistance levels: $0.45; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: The Ripple price reduction from the level of $0.57 with a target in the $0.42- $0.38 zone. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash yesterday declined to $425. At the moment the quotation is trading near the level of $450, which in our opinion is a good point for opening short positions with a stop above the level of $470. The minimum target is in the $400 - $350 zone. Also, we do not exclude a $300 level test, but this goal will be achieved in the medium term (October 2018). Resistance levels: $450; $500; $520; $555; $600; $650; $680; $800. Support levels: $400; $380. Forecast: The drop in the price of BCH / USD from the level of $450 with the target in the $400 - $350 zone. LTC/USD Overview: The trend is bearish. Current situation: The price of Litecoin went up to $58. We expect the price to continue falling to the level of $46. Cancellation of the scenario: LTC/USD price increase above the level of $58. Resistance levels: $58; $60; $62; $65; $68; $72; $75. Support levels: $56; $54; $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $58 with the target of $46.
CME:BTC1!
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: The long-term scenario was canceled; Bitcoin's price broke through the support level of $6600. We expect the price of BTC/USD to fall to $6300, $6100. Also, we do not rule out a deeper decline in Bitcoin's price to the level of $5700. But this scenario is possible if the price falls below $6100. The last hope for buyers is the level of $6300, where the support line of the rising channel is located. Resistance levels: $6500; $6800; $6900; $7200; $7400. Support levels: $6300; $6100; $5800; $5400; $4500. Forecast: The decrease in Bitcoin's price from the level of $6400 and the target in the $6300-$6100 zone. ETH/USD Overview: The global trend remains descending. Current situation: The price of Ethereum is below $220. We expect the price of Ethereum to continue to decrease to $180 - $150. The cancelation of ETH/USD price reduction can happen because of the buying out of the price above the level of $220. Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400. Support levels: $200; $180; $150; $100. Forecast: Reduction of the price of ETH/USD from the level of $210 and the target in the $180 - $150 zone. XRP/USD Overview: The trend is downward. Current situation: We expect the price to continue falling to the level of $0.42. We do not recommend buying. Resistance levels: $0.45; $0.70; $0.76. Support levels: $0.42; $0.38. Forecast: Ripple price reduction to $0.42. BCH/USD Overview: The trend is bearish. Current situation: Bitcoin Cash price broke the level of $440. We expect the price of BCH/USD to continue falling to the $400- $380 zone. Cancellation of the scenario is the growth of quotation above the level of $440. Resistance levels: $440; $500; $520; $555; $600; $650; $680; $800. Support levels: $400; $380. Forecast: The fall in the price of BCH/USD from the level of $440 and the target in the $400 - $380 zone. LTC/USD Overview: The trend is bearish. Current situation: Litecoin price is near the level of $54, where support for the rising channel passes. If sellers get to break through this level, then we will expect a quotation near the level of $46. Cancellation of the scenario: LTC/USD price increase above the level of $58. Resistance levels: $56; $58; $60; $62; $65; $68; $72; $75. Support levels: $54; $50; $49; $46. Forecast: The decrease in the price of Litecoin from the level of $54 and with the target of $46.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD Overview: Bitcoin is in downtrend. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone. Current situation: Bitcoin quotation broke the level of $6500. We expect the price of BCH/USD to continue rising to the level of $6900. This growth is characterized as a correction before further decline to the $5800- $5700 zone. Resistance levels: $6800; $6900; $7200; $7400. Support levels: $6500; $6100; $5800; $5400; $4500. Forecast: The increase in the BTC/USD price from the level of $6600 and the target near the level of $6900. ETH/USD Overview: The global trend remains descending. Current situation: Ethereum broke through the resistance at $220 and traded above it. We expect the price of ETH/USD to continue to increase to $240- $250. Resistance levels: $250; $240, $270; $300; $325; $350; $380; $400. Support levels: $220, $200; $180; $150; $100. Forecast: The growth of the price of ETH/USD to the area of $240- $250. XRP/USD Overview: Downtrend. Current situation: The price of Ripple today continued its growth to the level of $0.76. We expect a price correction to the level of $0.42. Resistance levels: $0.70; $0.74; $0.76. Support levels: $0.45; $0.42; $0.38. Forecast: Ripple price increase from the $ 0.45- $ 0.42 zone and to target near the $ 0.70 level. BCH/USD Overview: Trend is bearish. Current situation: Bitcoin Cash price has overcome the level of $440 and is trading above it. We expect the price to continue to increase to the $500- $520 zone. Resistance levels: $500; $520; $555; $600; $650; $680; $800. Support levels: $450; $400; $380. Forecast: Growth of BCH/USD price to levels: $500; $520. LTC/USD Overview: Trend is bearish. Current situation: Litecoin price broke the level of $56 and returned to the ascending channel. We forecast further growth of the LTC/USD price to the $60- $62 zone. Resistance levels: $60; $62; $65; $68; $72; $75. Support levels: $56; $54; $50; $49; $46. Forecast: The increase in the Litecoin price from the level of $56 and the target in the $60- $62 zone.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
Bitcoin Daily Update (day 177)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day: Very surprised we didn’t retest $6,000 after ETF’s were denied | 1 week: $6,000 retest | 1 month predictions: < $5,000 by 9/5 (will probably need to adjust) | bottom prediction: $3,000 by 10/30 Previous analysis /position: Bearish daily candle, quick rejection from $6,800 and expected ETF rejection gave me very high confidence in a $6,000 retest leading to an eventual breakdown of $5,750 / Short ADA:BTC | ETH:USD | ETH:BTC Patterns: Descending triangle + bear flag. Many are labeling this as a head and shoulders. I do not see it that way for the following reasons: I like to trade h&s as a bearish reversal pattern. I would not expect the current bear trend to reverse on a bearish pattern. I am expecting the trend to continue and labeling it as a bear flag continuation pattern makes more sense to me. Furthermore I learned from @PeterLBrandt that h&s’s should not have significant price work to the left of the pattern. This is why he did not call for a h&s in the S&P recently even though everything else was textbook. Horizontal support and resistance: S: $6,275 | R: $6,575 BTCUSDSHORTS: Hanging man candle at resistance. Current candle is trying to rally. If it breaks through 39,850 then HM would be invalidated. If breakdown below 35,812 then HM confirmed. Funding Rates: Shorts pay longs 0.0446% 12 & 26 EMA’s (calculate % difference): 12 is currently being tested for resistance | 26 = -3% 50 & 128 MA’s: 50 = -6.79% | 128 = -13.31% Volume: Yesterday was well above MA, which indicates buyers stepping up (more likely shorts covering) and there being ample supply to satisfy all of the demand. Indicates that $6,900 should be strong resistance moving forward. FIB’s: 0.618 = $6,508 | 0.5 = $5,882 Candlestick analysis: Daily shooting star vs weekly hammer. Current weekly candle is forming a doji. Ichimoku Cloud: Acting as resistance on yesterday’s squeeze. Tenkan-Sen moving down quickly, will it be the new resistance at $6,650? TD’ Sequential: Red 3 on weekly. Red 4 on daily. Red 2 on 12h. Visible Range: Low volume nodes from $6,535 to $6,650 with 1d lookback. POC over last 6 months = $6,375 BTC’ Price Spreadsheet: 12h = -0.43% | 24h = -0.4% | 1w = +2.21% | 2w = +4.87% | 1m = -12.77% Bollinger Bands: Daily is squeezing quickly. Yesterday briefly broke through MA, current candle is testing it for resistance. Trendline: Bear flag Daily Trend: Chop Fractals: 2 up = $6,640 | down = $6,249 On Balance Volume: Following price w no noticeable divs’ ADX: Will be watching the daily closely. ADX is pulling back quickly following +DI making bullish cross with -DI. Chaikin Money Flow: Still showing massive div’ in weekly. Testing prior support for resistance. If it can break 0.15 that would be very bullish. RSI (30 setting): W = 48.81 | D = 45.88 Stoch: Attempt to re cross from yesterday did not amount to anything. Conclusion: “Bear markets end when they stops selling off on bad news.” I am not sure who said this but it has been in my mind since yesterday. We sold off hard on the last ETF rejection. This time all 5 ETF’s were rejected and the price hasn’t flinched. Theory 1: Traders were buying the hype of the last ETF announcement and when the denial came out the price was overbought and needed to correct. This time nobody really expected the ETF to pass and there was no hype to buy into. Theory 2: Sellers are becoming exhausted and bulls are gaining confidence in the support at $5,750 - $6,000. Bitcoin does not need an ETF in order to go on another bull run. Short sellers are at/near their ATH’. Holding support after bad news could cause bulls to gain more confidence and could cause bears to capitulate after a short squeeze. If this is the bottom then I firmly believe that we are in for 3+ months more consolidation between $6,000 - $8,000. Still holding onto my bearish stance and short positions. Tightening stops and taking profit on 20% has me feeling comfortable. If not in a position then I would still say that shorting alt's vs BTC' is the best bet. If wanted to trade BTC' then I would suggest looking at yesterday's post where i outlined entries for the bear flag.
BITFINEX:BTCUSDShort
by Sawcruhteez
Bitcoin Daily Update (day 173)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day: $6,000 retest | 1 week: $5,750 breakdown | 1 month predictions: < $5,000 BTC by 9/5 | bottom prediction: $3,000 by 10/30 Previous analysis /position: / Short ADA:BTC | ETH:USD | ETH:BTC Patterns: bear flag and descending triangle Horizontal support and resistance: S: $6,350 & R: $6,450 BTCUSDSHORTS: Still supporting > 31,000 | price flip on the TD' Funding Rates: shorts pay longs 0.067% 12 & 26 EMA’s (calculate % difference): 12: - 1.43% | 26: -5.04% 50 & 128 MA’s: 50: -7.68% | 128: -14.66% Volume: Has decreased significantly over last two days while price pulled back. FIB’s: 0.236: $6,579 | 0.00: $5,982 (start with top of 6/18 and connect to low on 8/10 Candlestick analysis: Weekly hammer/spinning top. Wick on top seems slightly too long for a hammer. Dark cloud cover from yesterday is very bearish. Ichimoku Cloud: Tenkan-sen and Kijun-sen are starting to diverge. Thick cloud at $6,800 - $7,000 provides confirmation that should the highest this bounce is expected to go. TD’ Sequential: G3 < G2 | Weekly R2 > R1 Visible Range: Low volume node on 1d lookback at $6,450 has been filled. Expect point of control at $6,358 to be retested. Stacked on top from $6,800- $8,500 BTC’ Price Spreadsheet: 12h = +0.70% | 24h = +/- 0 | 1w = +2.40% | 2w = -9.21% | 1m = `12.51% (big move from 7/18 just got added which could cause MA’s to angle downward today) Bollinger Bands: MA at $6,692 should serve as strong resistance. Weekly is starting to squeeze and indicates that we could be ready for months of sideways movement until getting a super squeeze like we did in 2017 Trendline: Bear flag creates trendlines Daily Trend: Bearish Fractals: Up: $6,618 | Down: $5,916 On Balance Volume: Following price/no noticeable divergences ADX: Weekly ADX is creating higher highs and higher lows after +DI failed to cross above -DI. Daily -DI and +DI are converging while ADX is starting to pullback. Chaikin Money Flow: Weekly has a bull div’ with CMF' breaking through 0.04 resistance and supporting a throwback. Daily was consolidating into pennant with higher low and lower high. Just made a new low RSI (30 setting): Weekly at 48.57 after pulling back from > 50. Daily attempting to turn 43.7 into support after it served as resistance. Will it go for a 50 retest? Stoch: Weekly recently crossed and is still heading downward. 3D getting a buy signal today (has been strong signal during bear market) Will %K be able to break 40 on the daily? Summary: Funding rates, BTCUSDSHORTS, buy signal on the 3D stochastic are all giving me reason to be concerned. Resistance from the visible range volume profile, daily Ichimoku Cloud and recent up fractal are telling me to stick with the plan. A short squeeze from $6,380 up to the $6,8000 - $7,000 range would be ideal for short sellers. It would provide a very attractive entry based on risk:reward and it would provide the equilibrium in the short:long ratio that we would need in order to break down major support from $5,750 - $6,300. Normally I would move my stop slightly above most recent up fractal at $6,618 in combination with the long wick from 8/15. However, due to the short sellers and built up resistance fro $6,800 - $7,000 I would still keep it slightly above that area. Keep in mind I am not short BTC, I am short alts, this is just how I would play it. If you are not in a position then wait to see if you can sell $6,800 - $7,000. If we break down $6,250 before that happens then it would confirm the bear flag also provide an entry. If you found this helpful then like, comment, subscribe and share!
COINBASE:BTCUSDShort
by Sawcruhteez
Bitcoin Daily Update (day 172)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! 1 day: $6,100 retest | 1 week: $5,750 breakdown | 1 month prediction: < $5,000 by 9/5 | bottom prediction: $3,000 by 10/30 Previous analysis /position: “If not in a position then wait for the bear flag to confirm with a breakdown of ~$6,150” / Short ADA:BTC | BCH:BTC | ETH:USD | ETH:BTC Patterns: Bear flag & descending triangle Horizontal support and resistance: R: $6,600 | S: $6,250 | $6,000 | $5,750 BTCUSDSHORTS: Trying to turn 30,100 resistance into support Funding Rates: Shorts pay longs 0.0704% 12 & 26 EMA’s (calculate % difference): 12 = -2.58% | 26 = -6.11% 50 & 128 MA’s: 50 = -8.70% | 128 = -15.62% Volume: Low volume on pullback surprises me. Watching for local high before day’s end. FIB’s: 0.618 = $6,554 | 0.382 = $5,316 Candlestick analysis: Dark cloud cover Ichimoku Cloud: Fully bearish TD’ Sequential: G2 < G1 Visible Range: High volume nodes from $6,000 - $8,500 with a gap at $5,000 that still needs to be filled. POC over last 5 days = $6,400 > just broke down and is expected to turn into resistance. BTC’ Price Spreadsheet: 12h = -2.15% | 24h = -2% | 1w = -1.15% | 2w = -9.24% | 1m = -14.13% Bollinger Bands: Pull back just shy of the daily MA. Trendline: 5 day trend is a bear flag. Daily Trend: Bearish Fractals: Up = $6,619 | Down = $5,919 On Balance Volume: Pulling back w price ADX: -DI and +DI are converging, while ADX tries to build some momentum Chaikin Money Flow: Appears to be turning back down after finding support at -0.1680 RSI (30 setting): Resistance at 45 on daily, back below 50 on weekly. Stoch: Testing 33 which has been an area of resistance/support. Expected it to find resistance and fall back below 0 Summary: Was watching closely for resistance below $6,800 and/or the 12 EMA. On Daily-Update-day-170/]August 16th I said: “I have often gotten my best entries when the current candle re explores a bearish wick from the day before. That is exactly what we are seeing now. Generally I will set my stop slightly above the top of yesterday’s wick.” Seeing the top of the wick hold as resistance gives me confidence that we are posturing to make a big move to the downside. The dark cloud cover on the current candle is a strong indication that it will happen sooner rather than later. If not in a position then wait for breakdown of bear flag at $6,250. Stop loss could be $6,650 - $6,850.
COINBASE:BTCUSDShort
by Sawcruhteez