Forecast and levels for Cryptocurrencies - page 14

Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.07 11:06

Crypto News - Regulators May Need More Power To Control Bitcoin (based on the article)

Intra-day BTC/USD price is on bearish area of the chart located below 100-SMA/200-SMA reversal levels: the price is testing 6,854 level to below for the bearish breakdown to be resumed.

BitCoin Intra-Day

"Senate Banking Committee Chair Mike Crapo said today Congress may need to give the Securities and Exchange Commission and other financial regulators more power and clarity to regulate Bitcoin and other virtual currencies. He said the risks of investing in ICOs and cryptocurrencies are significant because many promoters are not complying with US securities laws and because investors who put money into them may have their money could be sent overseas without their knowledge. Another risk to investors, said the regulator, is the SEC and state securities regulators may not be able to effectively pursue the overseas bad actors in the products."

==========

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


Marco vd Heijden
Moderator
8625
Marco vd Heijden  
It bounced off at the expected 7k level and now i expect it to start rising again.
Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.07 14:41

Crypto News - "Bitcoin Is A Bubble, Ponzi, And Disaster" (based on the article)

Intra-day H4 price is on secondary correction within the primary bearish trading condition: the price is crossing 7,946 resistance level to above for the correction to be continuing.

By the way, if the price breaks 10,511 resistance level so the bullish reversal will be started. If the price breaks 6,692 support level to below so the intra-day bearish market condition will be resumed with 5,897 nearest target to re-enter,

Bitcoin

  • "The head of the Bank for International Settlements is forecasting a gloomy future for cryptocurrencies. "While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster," says Augustin Carstens, General Manager of the BIS. In a speech at Goethe University's House of Finance in Frankfurt Tuesday, he called into question Bitcoin's efficiency and legality."
  • "The volatility of bitcoin renders it a poor means of payment and a crazy way to store value," according to Carsten.

============

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
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.08 08:42

Crypto News - ban gambling using cryptocurrency in Australia (based on the article)

Ethereum/USD daily price is on the secondary correction within the primary bullish market condition: the price is on ranging near and above Senkou Span line support level at 546 to broken to below for the primary bearish reversal to be started.

Ethereum/USD

  • "The Northern Territory Racing Commission (NTRC), the Australian regional gambling regulator, is set to ban gambling using cryptocurrency in Australia. NTRC is against adding cryptocurrencies to Australian Gambling Websites. The chairman of the NTRC has reportedly sent out an informal email to all sports bookmakers and betting exchange operators in the Northern Territory asking them to immediately cease and desist from transacting in cryptocurrency."
  • "These include ban of cryptocurrency ads by Facebook, and India as well as other regulators around the world taking strong stance against it. The price of bitcoin has more than halved from its all-time high around $20,000 in mid-December 2017. No different are other major digital currencies."
  • "Banking majors around the world, including JPMorgan Chase, Bank of America, Citi, and Lloyds Banking, have also banned their customers from buying cryptocurrencies using credit card."

============

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
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.08 12:46

Crypto News - "Most Crypto Coins Are Going to Zero" (based on the article)

BTC/USD daily

  • "If you’re a big believer in holding lesser-known cryptocurrencies, you’ll want to sit up and take notice. Barry Silbert, CEO of crypto holding company Digital Currency Group (DCG), surprised an audience full of crypto fans at Yahoo Finance’s “All Markets Summit: Crypto” event in New York on Wednesday. Aside from a handful of coins like Bitcoin, Ethereum Classic and Zcash, he said, “I think most of the others are going to zero.” Silbert, 41, built a name for himself on Wall Street by founding Second Market, a platform where people traded illiquid assets like shares in private tech companies. In 2015, he sold Second Market to Nasdaq and founded Digital Currency Group, which has invested in red-hot startups like Coinbase and owns crypto news site Coindesk. Silbert was named to Forbes’ inaugural list of the richest people in cryptocurrencies, with an estimated crypto net worth of $400 to $500 million."
  • "Why does he think so many cryptocurrencies will disappear? “Most of these tokens don’t have real utility,” he said Wednesday. “Most of them are not differentiated from others. In the long run, I think there’s only going to be one digital gold. I think there’s only going to be one privacy-focused token. I think there’s going to be one main smart-contract platform.” This is a long-term prediction, he emphasized. “It may take 20 years to get there.” Silbert is still making bets on newer tokens, as illustrated by the assets DCG holds."

============

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
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.10 08:08

Crypto News - The first meeting of the G20's Digital Economy Task Force (based on the article)

Ripple daily price broke Ichimoku cloud to be reversed to the bearish market condition: the price is testing 0.54 support level to below for the bearish trend to be continuing.

Ripple

  • "German and French finance ministers and central bank governors have sought joint action by the G20 group of advanced and developing countries to tackle the risks posed by cryptocurrencies, reports said Friday. The first meeting of the G20's Digital Economy Task Force is being held in Buenos Aires on February 8 and 9."
  • "They have sought an international report on the impact of cryptocurrencies, an International Monetary Fund report on the financial stability risks they pose and trans-boundary efforts to regulate them."
  • "Earlier this week, European Central Bank Executive Board member Yves Mersch urged regulators and legislators on all levels to urgently pay close attention to mitigating the potential risks that could stem from the rapid growth of cryptocurrencies."

==========

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

Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.12 12:28

Crypto News - daily secondary rally within the primary bearish market condition to be started (based on the article)

Bitcoin/USD

  • "Blockchain seems to be in the news more often than not these days, whether over bitcoin and other cryptocurrencies, or the burgeoning technology sector using it as a springboard. Such ventures promise “game-changing” solutions to challenges in a variety of industries including financial technology, supply chain logistics as with IBM’s recent initiatives, media, travel bookings and rentals to name a few."
  • "The merits of technology was even up for discussion at the 2018 World Economic Forum (WEF) in Davos, Switzerland, by the movers and shakers up in the alps. And, new companies are emerging daily in the space. Until now, however, few blockchain-based startups have made a real splash, and the whole industry appears to be in a state of unrealized potential. There are certainly lofty ideas floating around amidst a good deal of hype - if not a distinct amount of over-hype. And, real applications are still few and far between, as are the ability to monetize ventures - aside from ventures raising huge sums through crowdfunded and Initial Coin Offering (ICO) initiatives."
  • "Blockchain holds great promise - if you peel back the layers - and as I heard at the annual ISITC Europe 2018 conference in London late this January. Dr Kay Swinburne, British MEP and vice-Chair of the influential Economic and Monetary Affairs Committee (ECON) in the European Parliament spoke of the technology and its attributes in a Keynote address to City types."

---------------- 

The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:



Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.13 06:56

Crypto News - Litecoin daily rally to the bullish reversal (based on the article)

Litecoin/USD daily chart

  • "Litecoin traded just below the June spike-high and 200-day MA before putting in what amounted to a near double-bottom (close enough). The weekly doji candlestick has it pointed higher, but also very near the trend-line off the December high. A breakout above should help propel Litecoin higher, with 200+ targeted."

==========

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 


Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.13 06:48

Crypto News - Ethereum remains the strongest (based on the article)

Ethereum/USD

  • "Ethereum continues to act the strongest of the group, and if we see a broader surge higher it could rally back relatively close to its previous high before turning lower again. With a little more strength, it will soon test the underside of the November trend-line. Beyond there, look to the trend-line off the high near 1100."

==========

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  

Sergey Golubev
Moderator
107243
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.13 06:46

Crypto News - daily bearish ranging near bullish reversal (based on the article)

Bitcoin/USD daily Chart

  • "Bitcoin is already near resistance around 9222, the January spike-low, and the trend-line from last month. A break through both of these hurdles could have Bitcoin finding a resurgence of buyers for a larger rebound to unfold back towards 11.5-12k, or better."
  • "The lower end of that targeted zone would wipe out the last leg lower from the triangle proceeding the sell-off, a common occurrence after these types of technical patterns lead to a strong move and reversal."
  • "The broader outlook remains, though, despite the possibility of a rally; lower prices look likely as the mania continues to move in reverse. However, this won’t happen in a straight line and with volatility high there will be plenty of trading opportunities for both sides of the market."

==========

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