Category : Trading

Bitcoin Bitcoin Price Analysis Trading

Bitcoin Price Weekly Analysis, Could Surpass $8000

Bitcoin Price Weekly Analysis, Could Surpass $8000 19-11-2017

Key Technical Details

  • Bitcoin price is now in trading in a bullish zone, and it recently crossed over 7950 US Dollar.
  • There’s also a resistance forming near the 8050 USD mark on the 4-hours chart Bitcoin and US Dollar pair.
  • The BTC and USD pair is currently well supported at 7500 dollars and could very well reach a new high over 8000 USD.

The Bitcoin price is steadily gaining over 7500 USD, and the BTC/USD pair might soon surpass the 8000 mark.

Bitcoin Price Analysis

The Bitcoin price bounced from the $5800-6000 range, and it moved over $7000 and $7500 resistance. The upside movement was strong and even surged to $8000 levels, creating a new all-time high of $7998 after the correction at $6000. The Fib retracement level is below 50 percent from the previous wave and thus reached to a new 7998 high.

On the other hand, the downward move had a decent support at the $7500 levels. In addition to that, the 61.8 percent Fib retracement level from the previous $7105 low to $7998 high also provided the necessary support.

Bitcoin Price Weekly Analysis 19-11-2017

The bitcoin price is currently moving up again and could be tested at $8000 level. As per the 4-hours trading chart, there’s a resistance trend line-forming with a barrier about $8050. The BTC/USD pair may test this trend line again and may reach a new all-time high above 8000 USD shortly.

There’s also a clear bullish uptrend with a decent support of $7650 on the 4-hours Bitcoin/ US Dollar chart. With this, buying dips at short-term around $7500 could be profitable.

BTC/USD technical indicators:

  1. 4-hours Moving Average – The MACD is gaining momentum in the bullish zone.
  2. 4-hours Relative Strength – The RSI is currently well above the 50 level.
  3. Major Support Level is $7500
  4. Major Resistance Level is $8000
Read More
Altcoins Cryptocurrency Trading

Bitcoin Cash Price Weekly Analysis – BCH and USD

Bitcoin Cash Price Weekly Analysis - BCH and USD

BCH/USD Pair – Technical Analysis

  • Bitcoin Cash (BCH) price is gaining steadily above 1500 USD mark.
  • A clear uptrend (bullish) is forming with good support in $1450 range.
  • The BCH/USD pair is very likely to reap profits toward 2000 USD in the near term.

Chart and data feed for BCH/USD from Kraken.

Bitcoin Cash Technical Support

There were filthy gains made with bitcoin cash over the last couple of days, as it broke at $1000 level vs. USD. BCH was trading at some new all-time highs at 1805 USD, and also it looks like the present bullish trend would continue. At the time of writing this analysis, the Bitcoin Cash price is steadily trading in the $1750 range and can be reaping handsome profits.

The support is at the 23.6 percent Fib retracement level and has gained from the previous value of $1220 to $1805 high.

Bitcoin Cash Price Weekly Analysis - Cumulative Volume

The downward trend could be stopped in the short term between 1500 USD and 1400 USD. There’s a significant uptrend forming with a decent support at 1450-1500 range and can be seen in the 4-hours chart.
The support is about 50 percent Fib retracement level. Thus, any significant dips in the trading price towards 1500 USD may discover strong buying sentiment. If BCH nears the $1400 mark, it can open the doors to a whole down trend and support it at the $1000 level.

On the other hand, the price may probably split at around 1805 USD (high). It may even break the $2000 range, provided buyers still play.

BCH/USD Technical Indicators:

  1. 4-hours Moving Average – The MACD is currently placed at the bullish levels.
  2. 4-hours Relative Strength – The RSI is at super overbought levels.
  3. The current Major Support Level is 1500 USD
  4. The current Major Resistance Level is 2000 USD

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

Read More
Bitcoin Trading

Bitcoin Price Weekly Analysis – BTC and USD Pair

Bitcoin Price Weekly Analysis - BTC and USD Pair

The Bitcoin price struggled so much with the SegWit2X confusion and moved below 6500 USD.

The BTC and USD pair could continue to diminish, and it may also break at 6000 USD.

Technical Factors – BTC/USD Pair:

The Bitcoin price had struggled to move over 7770 USD and started a downward movement. With SegWit2X confusion, there has been a break in the bullish market with the support at 6780 USD. It is clear in the 4-hours trading chart of BTC with USD. The BTC/USD pair is currently well in the 6500 range and stays bearish.

Data feed and Chart from SimpleFX

It had been yet another bullish week – the bitcoin price had moved over the 7500 US Dollar level. Bitcoin was even able to jump over 7700 USD and was trading at a new all-time high of 7773 USD. After that because of the Hard Fork confusion, it failed to maintain the bullish trend and began to fall. It broke that the 23.6 percent Fib retracement level of the previous wave by the 5362 USD. The downward move was influential as the cost broke the 7000 level along with the simple moving average 100 – H4.

Bitcoin Price Weekly Analysis Bearish Trend

Bitcoin Weekly Price Analysis

The BTC sellers even broke a significant uptrend with a decent support at 6780 USD as per the 4-hours chart. Also, the BTC/USD pair is currently well under the 50 percent Fib retracement level of the previous wave, that is 5362 USD. That is why there may be a possibility for this decline to continue even longer. At the moment, the BTC/USD appears to be come down to $6000, which could be a new support. When a break occurs at $6000 range, the price could come down even more.

The price could come down between $5600 and 5700.

BTC/USD pair technical indicators:

  1. 4-hours Moving Average – The MACD is currently gaining pace into being bearish.
  2. 4-hours Relative Strength Index – The Relative Strength is at the oversold levels.
  3. The Current Major Support Level is 6000 USD.
  4. The Current Major Resistance Level is 6750 USD

 

Read More
Ethereum Trading

Ethereum Price Weekly Analysis with US Dollar – 11-12-2017

Ethereum Price Weekly Analysis Ethereum and US Dollar - 11-12-2017

ETH Price Key Notes:

  • ETH after trading over $325 against the US Dollar discovered sellers and proceeded down.
  • There’s a growing triangle forming with support at 291 USD – about the 4-hours graph of ETH vs. USD.
  • The ETH vs. USD pair may continue to grow with present resistance over USD 327.
  • Ethereum is currently trading against the USD, however, surged higher when compared with Bitcoin. The ETH vs. USD stays supported near 291 USD.

Last week, there has been a decent upside movement in the ETH pricing above 325 USD level from the US Dollar. The ETH traded at a new high of 327.28 USD earlier and later encountered a downward trend as several traders started selling. There has been a sharp downward plunge, and with that, it traded under 296 US Dollar range. A dip was observed at around 287.41 USD, and from that point, it started to rise again.

Chart and Graphs by SimpleFX

ethereum weekly price analysis

Ethereum/ US Dollar Price Analysis

On the other hand, the upside movement was restricted by the 312 level. The 76.4 percent Fib retracement level of the previous decrease – from 327.28 USD high to 287.40 USD low additionally acted because of resistance. With this correction, the ETH is now trading lower; also it looks like there’s a growing triangle forming with support around 291 US DOllar in the 4-hours Japanese candle of ETH and USD.

However, the downside, there’s an adequate support forming in $291 range, along with the simple moving average 100 (H4). Provided that the Ethereum US Dollar pair is over 100 SMA along with the range USD 291 to 290, it may shart a new short-term bullish wave.

In general, there’s a growing trend forming with a decent support at 291 USD and resistance over 327 USD.

Final Thought:

  1. 4-hours Moving Average – The MACD is currently in the bullish trend.
  2. 4-hours Relative Strength – The RSI is currently above the 50 level.
  3. Major Support Level is 291 USD.
  4. Major Resistance Level is 330 USD.

 

Read More
Altcoins Bitcoin Cryptocurrency Trading

Bitcoin Cash Price Weekly Analysis – BCH vs. USD – Uptrend

Bitcoin Cash Price Weekly Analysis

Bitcoin cash has experienced a surge in price towards $700 against the USD. BCH vs. USD is presently ameliorating and retaining an essential support at $600

Bitcoin Cash Price Weekly Analysis

Key factors

• Bitcoin coins price surged up this past week and broke $600 in opposition to America dollar.
• There is a primary bullish trend line forming with an assist at $600 on the four hours chart of BCH/USD (information from Kraken).
• The pair should remain above the $600 handle if it has to stay inside the bullish region.
Bitcoin cash rate rocketed up towards $700 in opposition to the US dollar. BCH/USD is currently improving and retaining a vital support at $600.

Bitcoin cash price support

It changed into a bullish week for Bitcoin cash price as it climbed above the $500 and $600 ranges towards the US dollar. The price even made a nice upside pass above $650 to test the $700. But, it failed at $684 and started out a downward correction. There was a downward reaction going underneath the 23.6% Fib retracement level of the closing wave from the $430 low to $684 excessive.

However, the downward circulates found aid near $585. The 38.2% Fib retracement stage of the last wave from the $430 low to $684 high also protected losses. At the downward, there may be a leading bullish trend line forming with support at $600 at the 4-hours chart of BCH/USD. So long as the Bitcoin Cash and US Dollar stays above the trend line aid and $600, it is possible to continue shifting higher. At the upside, the $650 and $685 tiers are resistance tiers. However, the most important resistance is closer to $700.

In another fashion, a break of $600 could spark a wave towards $550 and the 50% Fib retracement level of the previous wave from the $450 low and $684 high; the general trend is bullish as long as the price stays above $600.

Read More
1 2 3