CRYPTO SIGNALS - ETHERIUM - BITCOIN - LITECOIN

joeysison (51)in #bitcoin • 6 years ago (edited)

Thank you for dropping by, just in case you missed my Crypto Signal and daily update you can visit it in my wall. This time I just want to give you an update with regards to Etherium or #ETH, #BTC, #LTC.

After Sky-rocketing to the second largest crypto currency of all time by market cap in 2017, many bitcoin investors were caught with their pants down at this unexpected and rapid growth shown by #ETH. Many users thought it has finally reached an #ATH after hitting $1000 in early 2018, yet even so, it continued to hit $1400 and crashed shortly there after. Yet technical and Fundamental analysis reveals that #ETH is far from done on its trajectory upward.
While it has suffered a recent drop by 75% over the past 4 months, the real time analysis reveals that it may finally be time for a roaring surge upward to $2000 and beyond.

ETH has formed a bullish pennant. That sounds good. It means, a possible breakout for ETH to 975$-1000$ levels is possible. Sotch RSi signals oversold. ETH found support at (550$-575$) levels. I suggest, hold your position if you have ETH and Sell it if it falls below 625$ . If ETH broke 755$, then it targets 975$-1000$.

Did a TA on ETH against USD. As predicted, ETH headed upwards and is now at almost $800 USD. This is a strong resistance point because of the rule of round number, at $700, $800, $900, $1000. However, if we based it off the trend channel, ETH might retrace slightly before heading up and continuing its bull run. Similarly, I'm still very bullish on ETH as Proof-Of-Stake will be implemented probably this year and this will definitely send ETH flying. On top of that, ETH is one of the most used token + fundamentally, its one of the best.

#BTC/USD Market Update

BTC found support at 9k levels, below it we have 8700$-8800$ zone that tested many times and it held strong. BTC resistance level at the moment is 9.8k-10k. BTC didn't break them yet. Let's see what happens this time!

Goldman Sachs will be launching futures trading in the near future. The next major bullrun is seemingly just a few weeks away. Keep your stop losses on altcoins in case of a major BTC move. We already saw it break out of the pennant pattern and if it breaks above $10K things could move fast.

#LTC/USD Market Update

LTC has formed a falling wedge with a top head and shoulder!!! Falling wedge is Bullish, Top H&S is bearish and a signal of the trend reversal! Here you are the suggested trades for LTC lovers!
H&S pattern targets a dip to 23% Fib level = 125$, Neckline of the pattern is 145$. That means if LTC falls below 145$, let's say as low as 140$ , then Just sell it. You can re-buy at 120$-125$ levels.

LTC can be bullish if it goes above 155$ , then It will aim the 1.27 fib level = 175$ -180$.
Stoch RSI on 4h Chart signals over sold!

✅✅HEADLINES OF THE DAY

✅ Bill Gates again sharply criticized the crypto-currencies and ICO, calling them insanity. In the meantime, Microsoft Azure announced the launch of a platform for developing block-based applications. Maybe Bill is not against crypto, but simply drowns his competitors?

✅New York Times: The owner of the New York Stock Exchange ICE Corporation plans to launch a platform for trading bitcoin

✅Analysts at the Federal Reserve Bank of San Francisco believe that a sharp rise in price and a rapid drop in the cost of bitcoin in December 2017 and January 2018 was triggered by the launch of bitcoin futures

✅The Ministry of Communications of the Russian Federation refused most of the amendments proposed by experts to the bill "On the Accreditation of Organizations Providing the Possibility of Issue of Digital Tokens" and is going to submit it for reconsideration.

✅Bloomberg: Oracle Corp. will release two products based on block-technology within two months

✅New viruses for Monero mining have been discovered: the Coinhive modification, which hits sites on Drupal, and WannaMine, secretly extracting crypto currency in Windows OS

Exchange rate of major currencies:

Bitcoin 9209 $ (↓ 1.59%)
Bitcoin Cash $ 1579 (↓ 2.83%)
Ethereum 737 (↑ 0.89%)
Ripple 0,81 $ (↓ 1,37%)
Litecoin 160 $ (↓ 1.61%)
EOS $ 18.31 (↑ 1.23%)

Capitalization of all crypto-currencies: $ 432 billion