Bitcoin Today (26.07.2018)

Category: Analytics

Price

As was expected, the overbought market did not manage to break 8500 level and went into a mild correction, establishing supportive 8200 level, where most of the supply (profit-taking) and demand (rally pursuers) finds a consensus for the second day. 7600 – 8000 zone and an upcoming meeting with the Bullish Trend Line should support the uptrend rally scenario, nonetheless even in such case we expect the movement to stop for the larger correction at the 10000 – 9000 zone. In case of downwards movement, support levels are 8000, 7600, 100-days EMA. Read more »

EOS – Our coin of the day (25.07.2018)

Category: Analytics

The most powerful infrastructure for decentralized applications

Fundamentals

EOSBTC has reached the strong technical support levels and gained positive support from Chinese Ratings once more. We are waiting for turnaround on current lows. Recent problems with mainnet launch and further controversy about EOS governance was holding the price in a downtrend. Read more »

Bitcoin Today (25.07.2018)

Category: Analytics

Price

BTCUSD is testing 8500 and aiming for the March hights at 8800. 9000-10000 zone should have a lot of selling orders for sure, especially considering the sharp growth from 6000 with almost no corrections, and 30% growth could be a good reason to take profits underneath the 10000. Nonetheless, this not denying eventual breakthrough of 10000 level, it just that market looks overbought at this point and will definitely show us a correction before moving above 10000. For now, the bullish scenario is the movement within the newly formed Bullish Trend Line and reaching the 9000 – 10000 zone. Nonetheless, the closest resistance is still 8500, and we did not see it breakdown yet, so it is possible to start a correction from 8500. 7600 – 8000 zone should play a support role for the bullish view of the market. Read more »

Bitcoin Today (24.07.2018)

Category: Analytics

Price

After a short break, BTCUSD has gained enough support to continue its upward rally. On the current moment, the price reached the 8000 mark across almost all exchanges. For now, the rally stumbled on the 8000 resistance, though it is worth noticing that today’s volumes peak lies on the 8000 level, which talks in favor of further growth or at least a foothold above 8000. Bullish Trend Line and 7600 level are supporters of the bullish scenario. The most positive signs that we could get in nearest terms is the price holding above 8000 level, the longer the price won’t face a significant selling pressure above 8000 the more likely further rally to the 8500 resistance will be. From a broader perspective, 7100-7600 zone is a shoulder of the Head and Shoulders pattern, starting at the beginning of the June, so the current bullish scenario has 7100 – 7600 area as a support. Read more »

Zcash – Our coin of the day (24.07.2018)

Category: Analytics

Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography

Fundamentals

One of the Altcoins that are showing growth during the BTC upward rally, which tends to oppress altcoin prices across the markets. Read more »

Ripple – Our coin of the day (23.07.2018)

Category: Analytics

The world’s only enterprise blockchain solution for global payments.

 

Fundamentals

Ripple was harmed badly after Coinbase ignored “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. Is it worth buying on lows? Read more »

Bitcoin Today (23.07.2018)

Category: Analytics

Price

Bitcoin found 7300 level supportive at the beginning of the weekends and managed to take-off from this level and taking over 7600 level after a short roll-back on Sunday. Today volume distribution tends closer to 7650 price, which confirms the breakthrough of 7600.  Winning over the 7600 level underly that the price has overcome a complex zone of 7500 level and 100-days EMA and now adds more bullish signs to its view.  If traders can hold this level for today, then soon we could see a testing of the 8000 resistance. Return below 7600 will probably mean the continuation of lateral trading in the 7000 – 7600 zone. Read more »

Bitcoin Today (20.07.2018)

Category: Analytics

Price

Second day in a lateral correction in 7300-7500 corridor. The fact that price still holds on to the 100-days EMA and does not go down talks in favor of bullish scenario and it is possible that soon we will see more attempts to go above 7600. 7300 is the support level for the bullish scenario, and 7600 is the closest resistance. A lot of analytics would prefer to emphasize level 7500, but the price is too close to those level and to consider a clean breakthrough we would prefer to see the price above 7600 level as it was the highest point, on Wednesday. From the bearish view, a breakthrough of the 7300 will lead the price to test 7000 level. A pullback below 7000 will mark a question above the whole bullish pattern that we saw in a last four days. Read more »

Stellar – Our coin of the day (19.07.2018)

Category: Analytics

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.

Fundamentals

Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked… Read more »

Bitcoin Today (19.07.2018)

Category: Analytics

Price

Second day in a lateral correction in 7300-7500 corridor. The fact that price still holds on to the 100-days EMA and does not go down talks in favor of bullish scenario and it is possible that soon we will see more attempts to go above 7600. 7300 is the support level for the bullish scenario, and 7600 is the closest resistance. A lot of analytics would prefer to emphasize level 7500, but the price is too close to those level and to consider a clean breakthrough we would prefer to see the price above 7600 level as it was the highest point, on Wednesday. From the bearish view, a breakthrough of the 7300 will lead the price to test 7000 level. A pullback below 7000 will mark a question above the whole bullish pattern that we saw in a last four days. Read more »