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Showing posts with the label BTC Analysis

Forecast and analytics – 11 October 2018

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BTC/USD BTC/USD is trading at $6,607 and continues to move within the flat. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a side trend. The price will continue its movement within the framework of a narrow consolidation. Due to the growing attractiveness of the dollar, cryptocurrencies are losing now. This is clearly visible in terms of volume. The situation may change at any time, for example, if the SEC creates a precedent for the regulation of digital coins. Now it remains to be content with ... Read more about " Forecast and analytics – 11 October 2018 " on coinatory.com

Bitcoin: reasons for the price to go anywhere but up

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Almost ten months have passed since Bitcoin (BTC) reached the absolute maximum of its price - over $20,000 per coin. Tough ten months for HODLers and miners. However, at the moment, many analysts and traders are sure: the days of a protracted “bearish” trend are over. Taking into account the behaviour of Bitcoin, which is rapidly raising the lower bar of the price, as well as a number of recent fundamental changes both in the bitcoin blockchain and in the crypto industry itself, we can safely say that with each passing day the reasons for t ... Read more about " Bitcoin: reasons for the price to go anywhere but up " on coinatory.com

Forecast and analytics – 10 October 2018

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BTC/USD BTC/USD is trading at $6,649 and continues to move within the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an uptrend. An update of the maximum of $6,840 never took place. Instead, the price moved down to the bottom of the consolidation. The crypto community waits for the SEC decision, even against the background of a strengthening dollar, the price of Bitcoin holds its position and gradually tightens to the upper savings line. As part of the forecast for October 10, we can expect further price ... Read more about " Forecast and analytics – 10 October 2018 " on coinatory.com

Forecast and analytics – 09 October 2018

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BTC/USD BTC/USD is trading at $6,671 and continues to move in the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an uptrend. Buyers are trying to break through the upper boundary of a narrow flat, but they have not been doing well so far. Growth was not enough even to reach the maximum of the previous similar attempt of $6,741. The technical picture is still on the buyers" side, so they have all the trump cards to upgrade a maximum of $6,840. As part of the forecast for October 9, we can expect further price ... Read more about " Forecast and analytics – 09 October 2018 " on coinatory.com

Forecast and analytics – 08 October 2018

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BTC/USD BTC/USD is trading at $6,584 and continues to move in the flat. The coin is trading above Ichimoku Kinko Hyo Cloud, which indicates an ascending trend. After testing the upper bound of the flat last Friday, the price slowly goes down. The bulls tried to push the quotes upwards on good volumes again, but, as before this was not enough. The coin continues to be traded in a constantly narrowing flat. As part of the forecast for October 8, we can expect further price movement in the borders of flat $6,743 - $6,370. The price can ... Read more about " Forecast and analytics – 08 October 2018 " on coinatory.com

Forecast and analytics – 06 October 2018

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BTC/USD BTC/USD is trading at $6,593 and continues to move within the borders of the established flat. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. The bulls showed the willingness to stand up for their positions, but the lack of further growth and sticking of the price again at $6,580, suggests that they are not ready to push the quotes up yet. This indicates the possibility of continuing price fluctuations within the boundaries of flat $6,840- $6,370, for several more days. ... Read more about " Forecast and analytics – 06 October 2018 " on coinatory.com

Forecast and analytics – 05 October 2018

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BTC/USD BTC/USD is trading at $6,603 and continues to move in the flat. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. After a short pullback, the price returned to the level of $6,580. This indicates the possibility of continuing price fluctuations in a narrow range of $6,662-$6,425, even for several days. This development is most likely associated with a temporary decline in interest in all refuge currencies, including digital, amid a strengthening dollar. Macroeconomics puts pressure on the ... Read more about " Forecast and analytics – 05 October 2018 " on coinatory.com

Forecast and analytics – 04 October 2018

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BTC/USD BTC/USD is trading at $6,521 and continues the lateral movement. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. After numerous attempts, the sellers still managed to win a small victory and the price went below the level of $6,560. But for the time being, the downward movement cannot be talked about, because the lows are not updated and, as in the case of the recent growth, the increased volumes did not lead to a further price drop. An additional signal in favor of trying to get lower into ... Read more about " Forecast and analytics – 04 October 2018 " on coinatory.com

Forecast and analytics – 03 October 2018

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BTC/USD BTC/USD is trading at $6,569 and continues to lateral movement in the ascending channel. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. Another attempt to break through the channel’s border by sellers was not successful, and the price returned to the level where it is for the third day - $6,560. Now we are seeing a rare case when most technical indicators converge. Patterns, oscillators and volume charts speak of clear p ... Read more about " Forecast and analytics – 03 October 2018 " on coinatory.com

Forecast and analytics – 02 October 2018

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BTC/USD BTC/USD is trading at $6,601 and continues to move within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Over the past trading day, the price could not go far from the lower border of the channel and continues to stand in the region of $6,560. The fact that the bulls are in the market can be judged by the long tails of candles, but some activity from them has not yet been seen. It is necessary to wait for the final resolution of the situation in the zone of interests at ... Read more about " Forecast and analytics – 02 October 2018 " on coinatory.com

Bitcoin: positive attitude to the cryptocurrency grows on the CME

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According to the COT (Commitments of Traders) reports provided by the Commodity Futures Trading Commission (CFTC) - for the week ending last Tuesday: Large speculators (NON-COMMERCIAL) reduced net position for the sale of contracts for bitcoin by 0.05 thousand contracts to 0.33 thousand. Large speculative players began to reduce the net position for sale after a two-week increase. Net position for sale began to decline from the maximum levels since early September. Small speculators (NONREPORTABLE POSITIONS) reduced the net position for ... Read more about " Bitcoin: positive attitude to the cryptocurrency grows on the CME " on coinatory.com

Forecast and analytics – 01 October 2018

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BTC/USD BTC/USD is trading at $6,622 and continues to move within the borders of rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. As we wrote before, the price went down to retest, but apparently did not find enough support from buyers there. Therefore, the retreat turned out to be very modest and the price continues to stand in the region of the resistance level of $6,560 and the lower boundary of the rising channel. This is not a very good development for bulls, but given that the ... Read more about " Forecast and analytics – 01 October 2018 " on coinatory.com

Forecast and analytics – 29 September 2018

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BTC/USD BTC/USD is trading at $6,657 and continues to move within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Strong pressure in the resistance zone knocked the price down from the $6,840 area, but, most likely, its breakdown is only a matter of time. After all the limits of the sellers are activated, the coin will continue its growth and we can expect the price to be $7,000. As part of the forecast for September 29, we can expect further development of the upward ... Read more about " Forecast and analytics – 29 September 2018 " on coinatory.com

Forecast and analytics – 28 September 2018

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BTC/USD BTC/USD is trading at $6,700 and moving within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Having completed its consolidation on the lower border of the ascending channel, the coin continued its growth, and with the successful development of this movement, it is possible to wait for quotations at the level of $7,000. As part of the forecast for September 28, we can expect further development of the upward movement within the channel, with the potential to update ... Read more about " Forecast and analytics – 28 September 2018 " on coinatory.com

Forecast and analytics – 27 September 2018

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BTC/USD BTC/USD is trading at $6,499 and continues lateral movement within the rising channel. The coin is traded inside the Cloud of Ichimoku Kinko Hyo, indicating a side trend. As expected, the price rolled back up after testing the upper limits of the support zone $6,215 - $6,325. But the movement was stopped by the resistance level of $6,560, where it seems that other long positions of buyers were closed. As part of the forecast for September 27, the development of the falling and breakdown of the lower boundary of the rising ... Read more about " Forecast and analytics – 27 September 2018 " on coinatory.com

Chainalysis: record quantities of bitcoin in active wallets

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More and more of bitcoin is accumulating in the hands of active individual users, not companies or long-term investors. This is evidenced by the data of the company Chainalysis. Experts found that 4.8 million bitcoin or about 32% of the current issue of digital currency (excluding lost coins) as of August 31, 2013, were on personal wallets showing some activity. This is a significant increase compared to the end of last year when there were 3.8 million bitcoins or 26% of emissions on such wallets. Despite these changes, most bitcoin ... Read more about " Chainalysis: record quantities of bitcoin in active wallets " on coinatory.com

Forecast and analytics – 25 September 2018

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BTC/USD BTC/USD is trading at $6,640 and continues to move within the correction. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. An additional confirmation in favor of further growth is the strong support zone after the next positive testing. So the upward trend remains at the forefront. The inactivity is due to the presence at the moment of more attractive from the point of view of speculation, cryptocurrencies and holidays on the Asian market. As part of the forecast for ... Read more about " Forecast and analytics – 25 September 2018 " on coinatory.com

Forecast and analytics – 24 September 2018

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BTC/USD BTC/USD is trading at $6,688 and is continuing its corrective movement after recent growth. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. Further confirmation in favor of further growth is the unwillingness of prices to drop below the signal line of the Ichimoku Kinko Hyo Cloud and a strong support zone that has already demonstrated its effectiveness. Also, the information environment now indirectly contributes to the continuation of growth. As part of the forecast for ... Read more about " Forecast and analytics – 24 September 2018 " on coinatory.com

Forecast and analytics – 21 September 2018

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BTC/USD BTC/USD is trading at $6,375 and continues to move within the correction. Since yesterday, no significant changes have occurred and the coin continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates the continuation of the lateral trend with the potential of decline. As part of the forecast for September 21, we can expect further price movement within the established wide flat $6,500- $6,200. We should expect any directed movement of the price only after it is out of range. The development of further decline ... Read more about " Forecast and analytics – 21 September 2018 " on coinatory.com

Technical analysis – 21 September 2018

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Key price indices for cryptocurrencies and the general direction of the price on the market for the past trading day 1 Day Range and Technical analysis Name Rating Oscillators rating* MA Rating** Change Close High Low Volume SELL sell sell 134.0 6524.9 6584.0 6340.0 15.155K SELL neutral sell 6.55 223.57 225.14 207.00 362.806K BUY sell strong buy  0.13361 0.46017 0.50297 0.32150 279.645M BUY sell buy 6.090 115.660 116.130 15.604K 16.083K - the consolidated ... Read more about " Technical analysis – 21 September 2018 " on coinatory.com