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Forecast and levels for Cryptocurrencies - page 13

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Sergey Golubev
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Sergey Golubev, 2018.02.02 10:05

Crypto News: daily bearish reversal (based on the article)

Daily price was reversed to the bearish market condition: the price is testing 8,416 support level to below for the bearish breakdown to be continuing.

bitcoin daily chart

  • "Continuing its volatile 2018, crypto markets are facing another round of volatility—with many claiming this new drop is related to recent news stemming from comments India Finance Minister Arun Jaitley made regarding cryptocurrencies during a Feb. 1 budget speech."
  • "According to a transcript of the speech by The Hindu, Jaitley expressed skepticism of cryptocurrencies while more broadly applauding blockchain technology."

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

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev, 2018.02.02 14:42

Crypto News - DigixDAO (DGD) Price Up 60% Despite Market Drop, Outperforms All Top 100 Cryptocoins (based on the article)

DGD

  • "January 2018 has been a volatile month for cryptocurrencies worldwide, with major news developments including increased South Korean regulation, Facebook banning cryptocurrency advertising, India pushing toward a crack down, and news of Tether and Bitfinex subpoenas."
  • "Much has been made of Bitcoin functioning as a store of value akin to gold, but Digix literally tokenizes gold on the Ethereum blockchain. DigixDAO was the first crowdsale conducted via Ethereum and the first major Ethereum-based Distributed Autonomous Organization (DAO). DGX tokens are positioned as the future gold-standard for Ethereum. Each DGX represents 1 gram of physical gold (99.99% LBMA) stored in a safehouse. This asset-backed tokenization stabilizes the DGX price (short of some major drop or spike in the value of gold itself); the current jump in DGD does not have to do with DGX directly."
  • "DGD is based on a Proof-of-Asset protocol, which marries real world governance and blockchain technology. According to DigixDAO, this ensures (as the name implies) the asset-backed protocol, which can apply not only to gold but other financial assets. "

Sergey Golubev
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Sergey Golubev, 2018.02.03 08:04

Ethereum is finally breaking too (based on the article)

The daily price was bounced from 1,257 resistance level to below for the secondary correction within the primary bullish trend. If the price breaks support level at 860 together with low last weekly candle so the bearish reversal will be started.

Ethereum

  • "Ethereum has been a hold-out for the most part, but that is quickly changing. The short-lived rise which ended back on Jan 28 is now turning out to be a major lower-high. The November trend-line is quickly coming into play, with a break expected."

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

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2018.02.03 07:58

Ripple - daily bearish breakdown to be started; .86 support is the key (based on the article)

The daily price is breaking Ichimoku cloud for the bearish reversal to be started: the price is testing 0.86 support level to below for the bearish trend to be continuing.

The Ripple

  • "The Ripple ‘drip-drip-drip’ price action is turning into a waterfall. The 87-cent threshold has been broken as of the time of this writing, with the 50-cent area next up. At some point it looks like the rally from the wedge that formed during the second half of 2017 will get fully erased, taking Ripple back down to around 25-cents, or so."

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

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev, 2018.02.03 07:51

Litecoin - daily bearish reversal; 116.96 is the key (based on the article)

The daily price broke Ichimoku kumo to below for the bearish reversal to be started. If the price breaks low last weekly candle at 139.72 on close daily bar together with 116.96 support level so the bearish reversal will be finished.

Litecoin - daily

  • "Litecoin is dropping sharply after breaking out of a wedge, it’s trading below the Jan 17 level of 137.57 noted as important, which brings us to 110. The 200-day, as is the case with Bitcoin, also arrives around price support. Perhaps a relief bounce soon, but look for more weakness to follow."

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

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2018.02.03 07:43

Bitcoin broke important levels (based on the article)

The daily price broke Ichimoku cloud together with low last weekly candle to below to be reversed to the primary bearish market condition. The price is breaking 8,416 support level for the daily berarish trend to be continuing.

Bitcoin Daily

  • "For Bitcoin, 7888 in confluence with the 200-day MA may bring some relief, but not looking for it to do much more than that. Rallies are expected to be short-lived events, rather than sustaining moves higher. With that said, the November low at 5555 is the next big downside target."

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

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.02.05 18:43

Crypto News - Crypto Ads 'disappear' From Chinese Social Media (based on the article)

Bitcoin/Chinese Yuan price on the daily chart broke Ichimoku cloud to below for the reversal to the primary bearish market condition. If the price breaks 47,839 support level on daily close bar so the bearish breakdown will be continuing.

Bitcoin/Chinese Yuan

  • "China's major social media networks and search engines reportedly do not appear to be publishing paid adverts for cryptocurrency-related products or companies. South China Morning Post quoted Weibo as saying that it does not currently allow advertising relating to cryptocurrencies, In September, the People's Bank of China (PBOC) had banned ICOs. Keywords such as "bitcoin" do not return paid ads."
  • "Keywords such as "bitcoin", "cryptocurrency" and "ICO" do not return paid advertisements or obvious sponsored posts on China's largest search engine Baidu and on Weibo, a Twitter model Chinese-language microblog."
  • "Facebook had announced Wednesday a new policy to ban advertisements promoting cryptocurrencies as the social network has had enough of fraudulent and deceptive information for cryptocurrency-related investments on its wall."

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The chart was made on daily 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:


Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.02.05 18:51

Crypto News - Japan's Peach To Accept Bitcoin For Airline Tickets (based on the article)

Bitcoin/Japanese Yen price on the daily chart is on the bearish breakdown by 854,679 support level to be breaking for the bearish breakdown to be continuing. By the way, yhe key support level is 304,851 and if the price breaks this support level to below so we may see the long-term final bearish for this pair.

Bitcoin/Japanese Yen

  • "Peach Aviation Ltd. has denied reports that it shelved plans to accept bitcoin as payment for airline tickets. The leading Japanese low-cost airline had announced in May 2017 that it would accept bitcoin through a partnership with Japanese cryptocurrency exchange, Bitpoint Japan, by the end of the year."
  • "But after waves of fear passed through the crypto-markets in the wake of the hack of major Japanese bitcoin exchange Coincheck on January 26, and speculation of a crackdown on trading and spending in the crypto-market, reports said Peach may be halting its plan to accept the digital currency."
  • "Peach Aviation, which operates more than 90 daily flights in 12 domestic and 13 international routes, offered the option to book seats using cryptocurrency to attract more tourists from other parts of Asia."

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The chart was made on daily timeframe with Ichimoku market condition setup (Metatrader 5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
Moderator
101608
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.02.06 08:40

Crypto News - locking access; BTC/CNY is in critical bearish zone with long term breadown to be going soon (based on the article)

BTC/CNY

  • "Chine plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores. The moves were outlined in a report on Sunday by Financial News, a publication under the People’s Bank of China, which said the aim was to snuff out the “dying cinders” of cryptocurrency trading and initial coin offerings “which are glowing once more.” Faced with Chinese citizens who continue to trade cryptocurrency on platforms operated beyond the country’s reach, or take part in initial coin offerings, authorities will “ratchet up oversight in a sustained manner,” the report said. 
  • "After launching a campaign last year, authorities eliminated most cryptocurrency trading in the country. China’s share of trading plummeted from 90 percent of the world to below one percent, the report said."
  • "That crackdown sent Chinese cryptocurrency traders to overseas platforms operated in Hong Kong and Japan. The latest regulatory moves aim to cut off access to them."

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The chart was made on daily timeframe with Ichimoku market condition setup (Metatrader 5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
Moderator
101608
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.02.06 11:52

Crypto News - "There's Nothing Wrong With The Crypto Markets" (based on the article)

Ripple daily price was bounced from 3.28 resistance to below for the bearish correction for the bearish reversal to be started: the price broke ichimoku cloud to below and the testing 0.63 support level for the bearish trend to be continuing with 0.21 nearest daily target to re-enter.

Ripple daily chart

  • "Investors have pointed to many different factors as causes for the drop. “At first, people said it was Bitcoin futures expiring,” says Kyle Samani, managing partner at Austin-based crypto investment firm Multicoin Capital. Some have cited reports that China is planning to ban crypto-asset trading on all exchanges, including those based in other countries. Others discussed impending U.S. regulation or claimed that people were selling to pay taxes, according to Samani. And Monday’s steep drop in the U.S. stock market might have caused more people to sell their crypto to lower their portfolio risk, he acknowledges."
  • "But he thinks there’s a simpler reason at work: “The crypto market got overheated,” he says. “November through January was insane. Especially some of the altcoins—it was ludicrous.” He points to Ripple, whose XRP coin reached a market value of more than $140 billion, even though Ripple’s technology was only being piloted at some banks, and not fully adopted."

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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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