Forecast and levels for Cryptocurrencies - page 22

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Sergey Golubev
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Sergey Golubev, 2018.05.22 19:18

Crypto News - Bitcoin daily: ranging for direction; 7,924 is the key (based on the article)

Cryptocurrencies are trending lower for a second straight day, as sentiment was damped by some dismal predictions regarding the future for the top cryptocurrency, Bitcoin.

Bitcoin daily chart by Metatrader 5

  • "Australians lost nearly A$2.1 million in crypto scams in 2017, as the popularity of cryptocurrencies peaked in the final quarter of the year. Cryptocurrency prices surged in the final quarter of 2017, with Bitcoin hitting a high of around US$20,000."
  • "Crypterium, the world's first mobile crypto bank, appointed the former chief of the credit card giant VISA's UK and Ireland division, Marc O'Brien, as its Chief Executive Officer. He was also a long time advisor to MasterCard."
  • "Indian Bitcoin exchange Bitxoxo has launched an Initial Coin Offering (ICO) after a successful pre-sale event that ended on April 30 selling 5 million XOXO tokens. The main ICO event for 10 million tokens at $2 per token went live on May 5 and will end on May 31."

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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 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


Sergey Golubev
Moderator
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.05.25 17:28

Crypto News - Bitcoin price on daily bearish; 7,265 is the key (based on the article)

Bitcoin daily price was bounced from Senkou Span lines/Ichimoku cloud to below for the bearish trend to be started. The price is testing support level at 7,265 for the bearish trend to be continuing.

Bitcoin chart by Metatrader 5

  • "Retail trader data shows 76.0% of traders are net-long with the ratio of traders long to short at 3.17 to 1. The percentage of traders net-long is now its highest since Apr 26 when Bitcoin traded near 9183.39. The number of traders net-long is 1.3% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 10.0% lower than yesterday and 9.0% lower from last week."
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias."

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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

Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2018.05.28 19:52

Crypto News - Bitcoin: daily price was finally reversed to the bearish; waiting for weekly bearish (based on the article)

Bitcoin daily chart by Metatrader 5

  • "Even as it entered a new week, Bitcoin (BTC) continued its downward trend and hit a monthly low of $7,176 Monday. This is the lowest price quoted for Bitcoin since Aprl 12."
  • "The most popular cryptocurrency breached the 50-week moving average (MA) support for the first time since 2015."
  • "A bearish continuation pattern indicates the sell-off has resumed, and points to the possibility of extending the slide further to $7,000 and beyond."

==========

The chart was made on MT5 with standard indicators of Metatrader 5


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2018.05.31 07:10

Crypto News - Crypto Lexicon - BLOCKCHAIN (based on the article)

Bitcoin chart by Metatrader 5

  • "BLOCKCHAIN is an open distributed ledger that records transactions in blocks that are secured cryptographically. This is the underlying technology of Bitcoin. This digital decentralized ledger records transactions permanently, meaning they cannot be changed in future. BLOCKCHAINs keep growing as new transactions are added to the network."

==========

Chart was 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



Sergey Golubev
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The BTC/USD returns to the upside, could the 'Italexit' have contributed to the current profits above $ 7,500?

John Leroy, 2018.05.31 11:18

The Bitcoin bulls still have the power to push for higher corrections, towards the $ 7,600 level.
The price of Bitcoin received a strong bullish momentum yesterday, where it won more than $ 200 in less than 1 hour. The Bitcoin found support at $ 7,120, while limited by the $ 7,600 level. For the moment, the BTC / USD is forming a bullish flag pattern, pending another upside break.

It is not yet clear what caused the sudden rise in the price of Bitcoin on Tuesday, 29 however, one of FXStreet's analysts, Yohay Elam, believes there is a connection to political discord in Italy. The 'Italexit' could have been the impulse that led the Bitcoin to quote around 7,120 $ to more than 7,500 $. The March elections provoked an economic crisis in the country. Italy's stock prices have plummeted almost in a similar way to the Brexit situation in Britain. The money flowing from Italy's bonds, the euro and global stocks could have ended up in the cryptocurrency market. Yohay wrote referring to the crisis in Italy, "when there is a crisis, alternatives are looked for".

At the time of writing, the price of Bitcoin moves above $ 7,500. There is a bullish trend in progress that could test the $ 7,600 level again. The supports are at $ 7,440 and $ 7,400. The MACD is slightly in the positive region, in addition the stochastic is above the level of 70, which shows that the bulls still have the power to press for higher corrections.

BTC / USD 15 minute chart

15 min chart


Sergey Golubev
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Sergey Golubev, 2018.06.04 13:23

Crypto News - Bitcoin: daily bearish, intra-day ranging (based on the article)

Bitcoin chart by Metatrader 5

Bitcoin chart by Metatrader 5

  • "Ethereum spilled hard from the aforementioned head-and-shoulders pattern, but has since put in a sizable recovery. The rally, though, has a solid level of resistance in play, a familiar area from some time ago. Coupling the longer-term area on the daily, turning to the 4-hr there is price resistance in confluence with a trend-line running off the peak last month. ETH/USD is currently sneaking below a minor trend-line off the late-month low. Looking for a continuation lower as the week progresses."
  • "On the 4-hr, Bitcoin is posting a rising wedge within the context of a downtrend. This has BTC/USD positioned to make a move lower, but traders will want to see it roll down out of the pattern first, as there is still a chance it pops to the top-side. Potentially stopping downside momentum is a trend-line dating back to February, which may be apart of a maturing wedge in place since then. The pattern may want to further itself along towards the apex of the pattern, which, broadly speaking, would be a welcomed event as the pattern could down the line lead to a very strong move. For now, leaning bearish and will continue to monitor. Keep an eye on the daily trend-line on weakness – a hold may give us the larger pattern at some point, while a break could lead down towards 6400."

==========

Chart was 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 


Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.06.06 21:17

Crypto News - Bitcoin: daily bearish reversal; 7,055 is the key (based on the article)

Daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing 7,055 support level for the bearish trend to be continuing.


  • "Google Trends shows that the interest over time for "Bitcoin" has dropped to 10 in June this year from 100 in December 2017. The latest number is lesser than the interest shown during the corresponding period last year. Fom the start of this year, the search for the term "Bitcoin" has dropped 75 percent."
  • "Interestingly, the value of Bitcoin has more than halved from the beginning of the year, trading now at $7626 on Coinbase."
  • "A new report by the International Monetary Fund (IMF) says crypto assets may one day reduce demand for central bank money as they will eventually be more widely adopted and fulfill more functions of money in some regions or private e-commerce networks. This is the second time in a year that the global financial watchdog is warning central bankers not to underrate the potential of crypto assets in the monetary system. The study notes that the global financial crisis and bank bailouts have "renewed skepticism in some quarters" of the world and there's a possibility that digital assets can affect the traditional global monetary policies."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.



Sergey Golubev
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Sergey Golubev, 2018.06.13 15:05

Crypto News - Bitcoin: daily ranging near and above bullish reversal area; 6,446 and 4,629 are the keys (based on the article)

Bitcoin chart by Metatrader 5

  • "Since declining sharply on Sunday, the digital currency has fluctuated largely between $6,600 and $6,900, according to the CoinDesk Bitcoin Price Index (BPI)."
  • "Over the last few hours, the cryptocurrency has moved slightly below that range, falling to as little as $6,455.92 by 19:15 UTC (3:15 p.m. EST), additional BPI figures show. At the time of report, the digital currency had recovered slightly, trading at $6,555.70."
  • ""Looking at history we don’t really see any reason for major support between $6,600 and $6,000," said David Johnson, CEO of cryptocurrency tasking platform Latium."

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The chart was made on MT5 with standard indicators of Metatrader 5 together with the following custom indicator:


Sergey Golubev
Moderator
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2018.06.20 20:25

Crypto News - Bitcoin: daily bearish ranging, 6,826/6,131 are the key (based on the article)

Daily price is located below Ichimoku cloud in the bearish area of the chart: the price is on ranging within 6,826/6,131 support/resistance levels for the bearish trend to be continuing or to the secondary rally to be started.

Bitcoin chart by Metatrader 5

  • "Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did." He said cryptocurrencies were not "a systemic issue" for now and hence he was "not really" worried about it. Blankfein said it was simply arrogant to say cryptocurrencies cannot be successful, just because they were uncomfortable and unfamiliar."
  • "Goldman Sachs is also a leading investor in the crypto startup, Circle, which is reportedly seeking a federal banking license and plans to register as a brokerage with the Securities and Exchange Commission."

==========

Chart was 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 


Sergey Golubev
Moderator
113717
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.06.25 08:51

Crypto News - Bitcoin: daily bearish breakdown; 6,022 is the key (based on the article)

Bitcoin/USD daily chart by Metatrader 5

  • "The digital currency dropped to as little as $5,785.43 by 16:00 UTC (12:00 p.m. EST), according to the CoinDesk Bitcoin Price Index (BPI). At this point, Bitcoin was down roughly 5.3% over the last 24 hours and was trading at its lowest since November 2017, additional BPI figures show."
  • "Bitcoin has been suffering a gradual, downward trend for the last several months, losing roughly more than two-thirds of its value since hitting an all-time high late last year."

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


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