Forecast and levels for Cryptocurrencies - page 23

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Sergey Golubev
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Bitcoin

Omar Hussain, 2018.07.02 12:01

What you guys think on bitcoin? 50000?💯😁😇

Lorentzos Roussos
23148
Lorentzos Roussos  
What do you guys think of the SYS coin jump in price ? 
Someone baited the algos ? or was it an actual hack ?
Sergey Golubev
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Sergey Golubev, 2018.07.19 11:21

Crypto News - daily rally to the possible bearish reversal; 7,579 is the key (based on the article)

Bitcoin daily price is on secondary rally within the primary bearish market condition: the price is testing 7,579 resistance level to above for the daily bullish reversal to be started.

Bitcoin daily price by Metatrader 5

  • "A strong rally over the last seven days sent Bitcoin prices firmly above the $7,000. Ethereum and XRP registered double-digit gains. Most gains came in the last forty-eight hours, following positive comments by Goldman Sachs’ incoming CEO about the digital currency."
  • "In research underway with my student Greg Giordano, we applied two econometric models to estimate Bitcoin’s intrinsic value over the last two years. The first model is the Hayes' cost production model, which estimates Bitcoin based on a number of supply or cost factors -- and places the intrinsic value of Bitcoin at $7,185.26. Still, econometric models are subject to all kinds of theoretical and empirical limitations. Investors should interpret findings with extreme caution."

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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, 2018.07.31 11:48

Crypto News - Bitcoin:  daily bullish ranging; 8,479 resistance is the key (based on the article)

Bitcoin chart by Metatrader 5

  • "The price of bitcoin surged above $8,000 last Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded with little urgency to take regulatory action on cryptocurrencies. In a communiqué, G20 finance ministers and central bank governors expressed confidence that the technology underlying alt-coins “can deliver significant benefits to the financial system and the broader economy.” Many of these benefits were discussed in my interview with Marco Streng, cofounder of Genesis Mining, the world’s largest cloud bitcoin mining company. Genesis had a huge win last week as securities regulators in South Carolina dismissed their cease-and-desist orders from March. The move, according to CoinDesk, marks the first time the state dropped such orders against a blockchain startup."
  • "Keep in mind, though, that we’re still very early in crypto investing. It was only 10 years ago that the mysterious Satoshi Nakamoto wrote the now-famous whitepaper that led to the creation of bitcoin. Volatility is still roughly six times as high as large-cap stocks and gold in a single trading session, and 11 times as high in the 10-day period. As I told Market One Media recently, the space remains speculative, but there are opportunities for tremendous upside."

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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:

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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


Sergey Golubev
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Sergey Golubev, 2018.08.01 08:29

Crypto News - Bitcoin:  weekly bear market rally to the possible bullish reversal (based on the article)

Weekly price is located below Ichimoku cloud in the bearish area of the chart. The price is testing the resistance level at8,479 to above for the secondary rally to be started with the bullish reversal resistance level at 12,247 as a next target to re-enter.

Bitcoin/Dollar Ichimoku chart by Metatrader 5

  • "Gibraltar United Football Club is going to pay its players in cryptocurrency. Football teams have previously embraced cryptocurrency and blockchain technology, but Gibraltar United F.C. will be the world's first football team to introduce cryptocurrency as payment for players."
  • "The club's owner, Pablo Dana, announced that Gibraltar United F.C. started a sponsorship partnership with blockchain-based platform Quantocoin. UK's Guardian newspaper quoted him as saying all player contracts will include payment agreements in cryptocurrency by next season. Dana is an investor in Quantocoin."

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The chart was made on W1 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
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Sergey Golubev, 2018.08.05 08:25

Crypto News - Bitcoin price forecast in 2020 - from $55,931 to $2352 (based on the article)

Bitcoin price forecast in 2020

  • Bullish forecast - "Bitcoin price volatility is just “noise” which makes it hard to see the position the digital currency will be in, let’s say, years from now. To figure that out, my student Greg Giordano and I have been doing some econometric work lately. Greg ran two econometric models, the Haye’s model and the Wheatley models—see table 3. On the one side, the Haye’s model predicts a price of $55,931.60. That’s a very bullish forecast. For a good reason: it focuses on the supply side of the Bitcoin market, which is expected to grow at an ever-slower pace, as it gets closer to the limit."
  • Bearish forecast - "On the other side, the Wheatley model predicts a price of $2352.03. That’s a very bearish forecast -- for a good reason, too. The model focuses on the Bitcoin use, that is, on the demand side of the Bitcoin market. And Bitcoin demand has been growing slowly, as evidenced by a recent Gallup survey."

Sergey Golubev
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Sergey Golubev, 2018.08.07 17:08

Crypto News - Bitcoin:  daily ranging to the possible bearish reversal; 6,882 is the key (based on the article)

Daily price is located inside Ichimoku cloud in secondary ranging market condition: the price is testing support level at 6,882 to below for the daily bearish reversal to be started.

Bitcoin daily Ichimoku chart by Metatrader 5

  • "Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers."
  • "Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create an open and regulated global ecosystem for digital assets. The new company is expected to work with a marquee group of organizations that includes BCG, Microsoft, Starbucks and others to come up with an integrated platform that will ease the trading, storing and spending of digital assets. That’s good news for bitcoin bulls, as an “epidemic” means higher bitcoin prices, especially since bitcoin is in limited supply, provided that big governments, big banks, and hackers do not spoil the party."

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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
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Sergey Golubev, 2018.08.08 09:26

Crypto News - Bitcoin: daily bearish to be resumed (based on the article)

Daily price was bounced from 8,272 resistance level to below for the bearish trend to be resumed and with 5,788 daily bearish target.

Bitcoin daily by Metatrader 5

  • "The number of Bitcoin ATM machines (BATM) installed across the world has crossed the 3,500 threshold, according to Coinatmradar.com.
    Bitcoin ATMs are installed in 73 countries in the world. Two thirds of them are concentrated in North America. Out of a total of 3,504 BATMs worldwide, 2163 are installed in the United States, and 613 in Canada. Los Angeles has the most number of BATMs in the United States, 253, followed by Chicago with 183 ATMs."
  • "Genesis Coin and General Bytes make up over half of all installations. Markets seem to be seeking two-way alternative machines, allowing users to jump in and out of fiat and crypto, as those BATMs are growing in total market share, Bitcoin News reports."

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



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Sergey Golubev, 2018.08.12 05:57

One Chart Explains Why You Should Own Bitcoin (based on the article)

  • "One of the reasons to own Bitcoin and CCs is that they are not correlated with other assets. Investopedia defines correlation as, “A perfect positive correlation means that the correlation coefficient is exactly 1. This implies that as one security moves, either up or down, the other security moves in lockstep, in the same direction. A perfect negative correlation means that two assets move in opposite directions, while a zero correlation implies no relationship at all.”"
  • "The National Bureau of Economic Analysis published a working paper this month that supports Fundstrat’s findings. It compared Bitcoin, Ripple and Ethereum to stocks, currencies, commodities and macroeconomic factors. The 25 page report did a detailed economic analysis and found that “cryptocurrency returns can be predicted by factors which are specific to cryptocurrency markets. Specifically, we determine that there is a strong time-series momentum effect and that proxies for investor attention strongly forecast cryptocurrency returns.” Their main conclusion was that “only cryptocurrency market specific factors – momentum and the proxies for investor attention – consistently explain the variations of cryptocurrency returns. This suggests, in contrast to popular explanations, that markets do not view cryptocurrencies similarly to standard asset classes.”"
  • "Bitcoin and other cryptocurrencies have very little to no correlation to other asset classes. They could be a worthwhile investment in a turbulent market if all of them move in a downward direction. However, digital currencies are very risky so conduct very detailed due diligence."

In the upper right quarter of the chart below the analysis shows that the closest correlation between Bitcoin and other CCs (depicted as the FS CryptoFX Indexes Fundstrat developed and tracks) is in the high-teens with about half of all the comparisons in the single digits. This means that Bitcoin’s and the other CCs price movements are not tied to these other asset classes.


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Sergey Golubev, 2018.08.23 12:24

Crypto News - Bitcoin: Top 10 In China's New Cryptocurrency Rankings (based on the article)

Bitcoin Ichimoku chart by Metatrader 5

  • "Bitcoin (BTC) significantly improved its position when the Chinese government revised its official cryptocurrency rankings. Bitcoin, which had dropped to 16th place in July, jumped to No. 10 this month making it to the top 10 list for the first time."
  • "China's Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, released the second edition of its state-endorsed cryptocurrency and Blockchain ratings. The index was launched in May, with 28 projects listed in it. Five more cryptocurrencies were added to the list since then. NULS and Tezos were added in the August edition."

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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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