Analytics

Bitcoin Today (13.07.2018)

Category: Analytics

Price

6100-6150 zone showed it’s resistive nature yesterday, lowering Bitcoin was bought-off fast with high volumes, as soon as the price reached 6100 level. On the near-term perspective, we have a resistance 6300 from above and supportive 6150 level from below. To consider any kind of turnaround formation we need to see a breakthrough above the 6400 level. For now, current week pattern looks bearish even despite the recent hike up. Read more »

Bitcoin Today (12.07.2018)

Category: Analytics

Price

After a short lateral correction, BTCUSD continued its bearish movement and broke below the main support of this week – 6300. Now the price is at the 6150.0 level, calling into question soon return to the 7000 level and the formation of the bottom pattern in July. The next supportive zone on the way down is the 5750 – 6000 zone; 6000 as psychological support and 5750 is the bottom of July. A return above 6400 could be considered as a positive sign, but still, in such high uncertainty level, we need to see Bitcoin above the 7000 mark to consider any bullish development. Read more »

Tron – Our coin of the day (11.07.2018)

Category: Analytics

Tron decentralize the web

Fundamentals

Returning to the TRX, which stays within positive boundaries during today’s BTC decline.

Recap for those, who don’t follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system is built with the use of distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Read more »

Bitcoin Today (11.07.2018)

Category: Analytics

Price

BTCUSD fall touched 6250.0 level but quickly returned to the 6300-6400 supportive zone. The most volumes were traded in the 6300-6400 area, which talks in favor of its supportive power. For now, we expect the price to go into a narrow lateral movement, as it is doing lately after strong moves. 6300.0 level stays the main support for the bullish view of the July movements, though it is already clear that the price will not return to 7000.0 level soon, and rather goes into a correctional move in the 6300 – 6600 zone.  Read more »

ETC – Our coin of the day (10.07.2018)

Category: Analytics

DECENTRALIZED. IMMUTABLE. UNSTOPPABLE.

Fundamentals

Ethereum Classic was born as a result of the Ethereum fork after DAO hack, mainly because the community could not come to a consensus about abandoning pretty large amount of ETH.

Two years passed since DAO events, and for now, Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap. The whole crypto community carefully listens to Vitalik Buterin and watch after Ethereum development. Read more »

Bitcoin Today (10.07.2018)

Category: Analytics

Price

Yesterday lateral movement ended by meeting with the Bullish Trend Line and breaking downwards after an attempt to take 6800.0 level. Price broke below the 6600.0 level, which probably has triggered stop orders of many and went downwards. The fall has stopped above the 6400.0 level; a 6300 – 6400 zone should play a supportive role for the price, a breakthrough of this zone could send price to the 6000.0 level and decline the whole July uptrend formation. Read more »

ETC – Our coin of the day (9.07.2018)

Category: Analytics

Powering decentralized exchange

Fundamentals

Ethereum classic appeared as a result of Ethereum fork after the hack of DAO, mainly because the community could not get an consensus about the fork and abandoning pretty large amount of ETH.

Two years passed since DAO events, and for now Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap.

Regarding to success of Ethereum quite a lot of people seem to question why Ethereum Classic still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention? Read more »

Bitcoin Today (9.07.2018)

Category: Analytics

Price

BTCUSD continues to alternate large jumps with horizontal movement, one more buy-in on Saturday brought the pair above the 6600.0 level and sent it into a flat movement on 6700.0. Nonetheless, it is too early to identify the turnaround pattern of the June fall, to confirm the turnaround tendency – we will need to see the price above the 7000.0 level. For the current situation, 6600.0 level should stay supportive for the further price growth; and 7000.0 level is our next target. In case of a confident breakthrough of the 7000.0 level, we will consider it as a confirmation of the turnaround pattern formation. Read more »

ETC – Our coin of the day (6.07.2018)

Category: Analytics

Powering decentralized exchange

Fundamentals

Ethereum classic appeared as a result of Ethereum fork after the hack of DAO, mainly because the community could not get an consensus about the fork and abandoning pretty large amount of ETH.

Two years passed since DAO events, and for now Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap.

Regarding to success of Ethereum quite a lot of people seem to question why Ethereum Classic still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention? Read more »