Archive | November 8, 2017

ETH/USD and ETH/BTC Technical Analysis November 9 2017

ETH/USD Ethereum has bounced a bit during the trading session on Wednesday, using the $290 level as a springboard. It now looks as if were going to try to reach towards the 310 region again, but it’s not until we break above the $316 level that I feel the market is free to go higher. […]

Bitcoin Series #2 – Usage – Seeking Alpha

Bitcoin Series #2 – UsageSeeking AlphaFurthermore, bitcoin usage data doesn’t come up all that often. This article will both aggregate existing data and try to estimate its actual usage. This will be an extremely long article — I expect other articles in this series to be shorter, so bear …

Closing the Curtains On Segwit2x and the Following Aftermath

In less than eight days Bitcoin network market participants were ready for the planned Segwit2x fork, canceled yesterday. Now cryptocurrency proponents everywhere are expressing opinions about the Segwit2x plan in general, and the working group’s decision to give up on forking the protocol. Also Read: Openbazaar Sees a Variety of New Vendors After Privacy Enhancements Segwit2x: […]

Ripple Price Technical Analysis – XRP/USD to Surge Above $0.2250?

Key Highlights Ripple price gained a lot of bids recently and moved above the $0.2150 level against the US Dollar. There was a clear break above a major bearish trend line with resistance at $0.2040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price traded above the $0.2200 level and […]

DASH/USD and LTC/USD Technical Analysis November 9 2017

DASH/USD DASH continues to pound against the $300 level, and an attempt to break out. The stochastic oscillator is starting to reach the overbought area, so be interesting if we can break out above the recovery dollars level, as it would signify a major shift in momentum. I have been saying for days that I […]

China Struggles to Lay Killing Blow to Bitcoin, Currency Thrives – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)China Struggles to Lay Killing Blow to Bitcoin, Currency ThrivesCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)China became the first country to take a hardline approach to ICOs, then moved on to Bitcoin and the exchanges that trade the digital currency. Despite these bold and brazen efforts, Bitcoin’s price is higher than […]

BTC/USD and BTC/JPY Technical Analysis November 9 2017

BTC/USD Bitcoin rallied a bit during the day on Wednesday, using the $7000 level as support, bouncing towards the $7500 level. We are currently on path to make a fresh, new high, and every time that happens, it’s an obvious buy signal. I also believe that pullbacks will continue to be attractive, and that $7000 […]

ALT COIN MONERO AND DASH BROKE ABOVE KEY RESISTANCE LINES (November 9, 2017)

Before yesterday, alt coin NEO trading charts were “boring”. Simply put, volatility remained low and within a $4 range. However, yesterday there price action across major alt coin rallied with Monero and DASH breaking above key resistance lines. ALT COIN NEM BROKE ABOVE RESISTANCE $0.20 Yesterday, alt coin NEM closed as a strong bull after […]

Ethereum Price Technical Analysis – ETH/USD Signaling Gains

Key Highlights ETH price recovered sharply after bitcoin hard fork was called off and moved above $302 against the US Dollar. There is a major bullish trend line forming with current support at $304.50 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to move higher as long as it […]