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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.


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Bitcoin Mining

Best Bitcoin Mining Software to Use In 2017


In this blog post, you would be able to get a complete insight and information related to the best bitcoin mining software. Plus, we would also be discussing the platforms/environment they best work as in the year 2017. It is a known fact that software is best known for their quality of being user-friendly in interface functioning. They do act as the intermediary between the user and so as the hardware devices of the computer. In short, we would define the mining software as the middle man which can speak about the hardware as well as users and also about the blockchain network.

Why Should You Own Bitcoin Mining Software?

You might have listened to so many people as they talk about the Bitcoin mining software. But the main question that does hit so many minds is that why you should own it. The simple answer is that this software is not involved in working independently. They do need the assistance of the specific hardware configurations so that they can work better along with others. In simple words, this software would perform the calculations by making the use of hardware.

You should never let your computers be using this best bitcoin mining software. In most of the ordinary conditions, it might happen that they won’t be getting installed as they do not set best on the demanding requirements. But if by chance, it gets installed, then at some stage you would need another personal computer.
The main purpose of this blog is not to scare you. But we are all here to enlighten up your mind related to different mining software accessible.


About The Importance of Mining Software:

As we have already established in our discussion that a bitcoin mining software is primarily used to transmit super calculations that are to be done by the hardware. These calculations are to be performed on the side of blockchain network at best. This is the right way through which you would be able to raise up the number in the circulation of cryptocurrencies on the daily bases. You will be finding a bitcoin mining software to be used as to monitor the performance of the hardware. These best bitcoin mining software involves in controlling and monitoring the activities such as hash rate, average speed and also the fan speed of the miner on which the software is installed.

Main Features of Mining Software Toolkit:

  • It is set with the simple and easy to use interface.
  • It is designed to switched between many of the power saving modes.
  • They are excellent to get support for fast share submissions.

One of the most prominent features of the bitcoin mining software is that it does carry out the profit calculation efficiently. It would eventually be supporting you right in your mining status. This feature is essential no matter if you are making profit or not. It is readily available for the platforms of Windows and Mac OS X Operating Systems.

List of Popular Bitcoin Mining Software in 2017:

1. BTC Miner Software:

The BTCMiner has mainly defined as the medium of open source Bitcoin Miner with ZTEX USB-FPGA module 1.5 boards. It does have the board arrangement that contains the USB interfaces all along with the medium of offering excellent services for communication and programming. This miner is available for the platforms of Windows and Mac OS X Operating systems.

2. CG Miner:

This bitcoin mining software mining tool is one of the most commonly used by bitcoin miners. It is all loaded with the technical features: the fan speed control, remote interface capabilities, and also the access to self-detection of new blocks. You can make use of it on the platforms like Windows, Mac OS X, and Linux.

3. EasyMiner:

This Bitcoin mining software is GUI based, that eventually acts as a wrapper for the CG and BFG mining software. It can be used for both pooled mining and solo mining. It can work best on Windows, Mac OS X, and Linux platforms.

Image Source:

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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.

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Bitcoin Cryptocurrency Trading

Bitcoin Price Weekly Analysis – BTC vs. USD

Bitcoin Price Weekly Analysis

Bitcoin price stays well in the bullish quarter above $7000 towards the US dollar. BTC/USD would possibly break $7500 soon and could even test $8000.

Bitcoin Price Weekly Analysis

Key factors

• Bitcoin price is gaining tempo and will probably smash the $7500 resistance against US dollar.
• There is a significant bullish trend line forming with help at $7300 at the 4-hours chart of BTC/USD (information from SimpleFX).
• The pair is now nicely supported above the $7300 and $7000 aid level for higher gains.
Bitcoin price remains nicely within the bullish zone above $7000 towards US dollar. BTC/USD might damage $7500 quickly and could even take a look at $8000.

Bitcoin price stays purchase on Dips

There had been monster gains in Bitcoin fee because it moved above $6500 and $7000 in opposition to US dollar. The price attracted a variety of pace and investors succeeded in even breaking the $7200 barrier. A current high was formed close to $7477. Before $7477, there has been a swing high at $7438 for a downside correction. Dealers drive the rate backward in the direction of $7000, and a low was formed at $6945.

Later, the price recovered sharply and moved above $7200. There was even a near above the 76.four% Fib retracement level of the remaining drop from the $7438 high to $6945 low. It opened the doors for higher gains above $7438. It looks as if the price could soon smash $7500 and check the 1.236 Fib extension of the final drop from the $7438 excessive to $6945 low at $7555. Above the $7555 stage, the next target will be the 1.618 Fib extension of the ultimate drop from the $7438 high to $6945 low around $7700.

If consumers continue to be on top of the market, there’s even a risk of a test of $8000 within the coming days. At the disadvantage, there is a prime bullish fashion line forming with support at $7300 at the four hours chart of Bitcoin vs. USD, which is also a purchase region.

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Cryptocurrency Ethereum Trading

Ethereum Price Weekly Analysis – ETH vs. USD


Ethereum price has surged to the positive level against the USD and Bitcoin. Regardless of this feat attained, ETH/USD needs to gain to surge up high above $305 and $310 for more gains.

Key points to consider

1. ETH suffered a decline in price towards $274USD and recovered rapidly.
2. There is a very important rough trend line forming with opposition at 350USD on the four hours chart of Ethereum vs. US Dollar
3. The duo has to break the $305 resistance and dwell above the 100 SMA (H4) to challenge $340.
Ethereum Price Resistance


Charts courtesy – SimpleFX

This past week, we saw multiple swing moves in ETH fee toward $274 towards the US Dollar. The price tested the main assist region at $274 and commenced an upside movement. The recovery became solid because the price moved above $300 and the 100 simple transferring common (H4). However, the upside move changed into capped using the $305.50 resistance. There is also a critical bearish trend line forming with resistance at $305 at the four-hour chart of ETH/USD.

The trend line resistance averted profits and driven the price again underneath $300 and a 100 SMA (H4). The fee is currently trading close to the 23.6% Fib retracement level of the final wave from the $274.65 low to $305.22 high. There may be a respectable assist at $289.00 and the 50% Fib retracement degree of the wave from the $274. Sixty-five low to $305.22 excessive. It needs to hold losses below $288 in the brief term, or there is a risk of a drawback flow in the direction of $280.

On the upside, investors want to break the trend line resistance and $305 for greater gains. The following resistance is at $310 accompanied by the $325. An essential resistance is at $340 where investors would appear.

  • 4 hours MACD – The MACD is about to move back in the bullish zone.
  • 4-hours RSI – The RSI is currently just above the 50 level.
  • Major Support Level – $289
  • Major Resistance Level – $305
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