Forecast and levels for Cryptocurrencies - page 12

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Sergey Golubev, 2018.01.23 17:06

Bitcoin - sell at 8,771; run away at 2,644 (based on the article)

The weekly price is testing 8,771 support level to below for the secondary correction within the primary bullish trend to be started. By the way, the support level at 2,644 is the final level for the weekly bearish reversal in long-term situation for example.


  • "Global investment giant Goldman Sachs has warned its high networth clients that Bitcoin's price surge has pushed the virtual currency into the bubble territory, that dwarfs the past bubbles in dot-com companies and tulip bulbs."
  • ""Bitcoin's meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble," Goldman Sachs Investment Strategy Group said."
  • "We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch "tulipmania" between 1634 and early 1637."
  • "The mania surrounding cryptocurrencies is probably even better illustrated by the price surges seen in companies that announce some type of affiliation with blockchain technology or cryptocurrencies," the bank said.

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread  

 

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Sergey Golubev, 2018.01.24 07:44

Cryptocurrecy news: Crypto Hysteria Pushes GPU Prices Sky High (based on the article)

Ethereum/Usd intra-day price is ranging near and below Ichimoku cloud on the border between the primary bearish and the primary bullish trend on the chart.

If the price breaks 1,242 resistance to above so the price will be fully reversed to the primary bullish market condition.
If the price breaks 637 support level to below so the daily bearish reersal will be started with the weekly medium-tern secondary correction for example.


  • "One of the most important choices every PC builder makes is which graphics card to buy. That choice has been getting much more stressful lately as the price of GPUs skyrockets. You can thank the surge of interest in cryptocurrency for the increase in graphics card prices, but Nvidia is trying to do something about it. “Trying” is the operative word here."
  • "As recently as the middle of last year, you could get a high-end GPU from Nvidia for around retail price. The cost of AMD’s cards has been on an upward trend for even longer, though. Late last year, increased interest in cryptocurrency sent speculative virtual money enthusiasts running for their nearest GPU retailer to pick up equipment for a mining operation. That’s left precious few cards for gamers who just want to frag some noobs."
  • "Cryptocurrencies like Bitcoin and Ethereum are too mature now for a small-scale GPU mining operation to net much cash. Even newer coins like Monero might only make an operator the equivalent of a few dollars per day, but a jump in the value of the coins could make them instant millionaires. As a result, it’s a terrible time to buy a GPU for gaming. Cards like the GTX 1070 that cost under $500 last year are now selling for closer to $1,000. Even used cards will cost you $800 or more."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2018.01.26 08:16

Bitcoin Is A 'Typical Bubble' (based on the article)

Daily price is located near and above 100 SMA/200 SMA bearish reversal area.

If the price breaks 13,881 resistance to above so the primary bullish trend will be continuing.
If the price breaks 8,771 support level to below so the bearish reversal will be started.
If not so the price will be on bullish ranging within the levels.


  • "Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday."
  • "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," the financier and founder of the $26 billion Soros Fund Management said.
  • "Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can’t be used for instance to pay wages because wages drop by 25% in a day. It’s a speculation. Based on a misunderstanding," he added

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The chart was made on D1 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


 

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Sergey Golubev, 2018.01.28 17:56

Bitcoin - 9,499/8,771 targets to be broken for the strong daily bearish trend will be established (based on the article)

Daily price broke Ichimoku cloooooud to below for the bearish market condition area: the price is breaking symmetric triangle pattern to below for the bearish trend to be continuing. The next targets are 9,499 and 8,771, and if the price breaks those tarhet to below so the strong daily bearish trend will be established.


  • "On Friday, the cryptocurrency market was sent lower by exchange-related news in Japan, but managed to rebound. The drop and rebound helped further along the development of a symmetrical triangle in Bitcoin (BTC/USD). The coiling price action is indicative of a potentially explosive move on the horizon."
  • "Triangles can break in either direction, which is why it is important to wait for the break, rather try and predict it, before becoming aggressively positioned. The development of the formation arrives at an interesting juncture. The trend-line from July has been broken on several occasions on an intra-day basis since the sharp reversal on Jan 17, but each time Bitcoin managed to close the day at or back above. Should we see a downside break unfold, it would not only constitute a breach of an important trend-line, but also occur in the direction of the trend off the December high, which could get Bitcoin really rolling downhill."

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Chart was made on MT5 with PriceChannel Parabolic system (MT5) from this post (free to download) as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2018.01.29 07:14

Ethereum On The Rise Up 24% In 2 Days (based on the article)

Daily price is on ranging in the bullish area of the chart to be above 55 SMA/200 SMA reversal/cotrrectional levels: the price is on testing the resistance level at 1,339 for the primary bullish trend to be continuing, otherwise - bullish ranging within the levels.


  • "Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numbers—tempering some of the community's wild excitement and runaway speculation."
  • "But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By 12:15pm on Sunday, Jan. 28, that price is now $1,236.18. This marks a growth of just under 24 percent in just over two days—with a 15 percent bull run occurring overnight Saturday into Sunday."
  • "Ethereum is taking advantage of Bitcoin's volatility and downtrend," said Akanshu Argh Jain, Co-Founder of Hooklabs.io, a blockchain consulting and investment firm. "With events like Vitalik leaving Fenbushi Capital to focus on ETH, an updated roadmap with sharding, and some other exciting developments—Ether is above 0.1 BTC again."

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The chart was made on D1 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


 

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Sergey Golubev, 2018.01.29 09:35

NameCoin News - Coincheck will refund about US$400 million to customers (based on the article)

Daily price is on ranging around 55 SMA/200 SMA reversal area and within high/low of the previous monthly bar waiting for the direction of the bullish trend to be resumed or the bearish reversal to be started.

NameCoin

  • "Japan-based virtual currency exchange Coincheck said yesterday it will refund about US$400 million to customers after hackers stole hundreds of millions of dollars’ worth of digital assets. The company said it will use its own funds to reimburse about 46.3 billion yen to all 260,000 customers who lost their holdings of NEM, the 10th biggest cryptocurrency by market capitalization. On Friday, the company detected an “unauthorised access” of the exchange, and later suspended trading for all cryptocurrencies apart from bitcoin."
  • "The resulting 58 billion yen (US$530 million) loss exceeded the value of bitcoins which disappeared from MtGox in 2014. The major Tokyo-based bitcoin exchange collapsed after admitting that 850,000 coins — worth around US$480 million at the time — had disappeared from its vaults. As many as 10,000 businesses in Japan are thought to accept bitcoin and bitFlyer, the country’s main bitcoin exchange, saw its user base pass the one-million mark in November."

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The chart was made on D1 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


 

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Sergey Golubev, 2018.01.29 16:09

Blockchain-based Verification 


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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread  

 

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Sergey Golubev, 2018.01.30 18:35

Ethereum Leads (based on the article)

Intra-day H4 price is broke 500 SMA/200 SMA ranging/reversal area for the resistance levels at 1,227/1,339 to be testing for the primary bullish trend to be continuing.

Ethereum

  • "On Friday, we noted wedges forming in Ethereum and Bitcoin, of which the former broke out of to the top-side and sustained a move higher. Since the plunge during the middle of the month Ethereum has been the strongest of the group, but is it ready to head higher or is a broader lower-high developing?"
  • "On the 4-hr, there is a series of higher-lows and higher-highs developing since last week, and as long as those remain in place, so will an upward bias. Keep an eye on the trend-line rising up from 1/17 along with the one from December. If more broadly speaking, this is simply lower-high on the daily or a retest (if it rallies back to the high), we’ll use recent swing-lows and trend-lines to determine if the trend is turning to the downside. A turn lower would bring the November trend-line into play and the important spike-low at 770. Otherwise, support holds it remains the leader."

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The chart was made on D1 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


 

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Sergey Golubev, 2018.01.31 08:37

Crypto news - long-term ranging: no bullish and no bearish waiting for direction of the global trend to be started (based on the article)

Weekly price is on bullish ranging within 19,485 resistance level for the primary long-tern bullish trend to be continuing and 8,771 support level for the long-term correction to be started.

bitcoin

  • "The U.S. Securities and Exchange Commission (SEC), which holds primary responsibility for enforcing federal securities laws and regulating the nation’s stock exchanges, obtained a court order halting an allegedly fraudulent initial coin offering (ICO), which targeted retail investors to fund what was claimed to be the world’s first “decentralized bank.” According to the SEC’s complaint filed in federal district court in Dallas on January 25 and unsealed as of late yesterday, Dallas-based AriseBank used social media, a celebrity endorsement, and other wide dissemination tactics in order to raise what it claims to be $600 million of its $1 billion goal. This in a matter of two months. Action by the SEC also coincided with media reports that the U.S. Commodity Futures Trading Commission (CFTC) had sent subpoenas on December 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar."
  • As Charles Hoskinson, a former Ethereum co-founder who in 2015 founded IOHK, a leading blockchain R&D company, said to me in relation to investing in ICO’s: “Before purchasing an ICO my first piece of advice would be to understand the project’s whitepaper and the product or service. The reality is that if you cannot understand the whitepaper then don’t buy into it.”

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2018.01.31 08:55

Facebook Bans All Cryptocurrency Advertising, Including ICOs, Bitcoin And Ethereum

  • Social media giant will no longer allow ad platform to be used to promote "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency."
  • Social media giant will no longer allow ad platform to be used to promote "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency."
  • On Tuesday, Jan. 30, social media giant Facebook announced in a blog post that it would be banning all advertising related to cryptocurrencies.

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