The fall of Cryptocurrency 2017: reasons and forecasts for July-August
At the time of writing of the article 12.07.2017, the descending trend in the crypto currency market is continuing - the fall has reached the rate of May prices. Not all, of course, crypto currencies are falling, but the main ones will be analyzed below, according to the statistics of the graphs. Let's try to find out the reasons for such expected for someone, and for someone not very events. So, in the list of debriefings, reasons for the fall and forecasts today: BTC, ETH, ETC, DASH, ZEC, LTC.
Bitcoin (BTC): analysis of the bitcoin course
The causes of the fall of bitcoin can be looked for, but nothing global can be found - only pathos around. Bitcoin has not collapsed so far, compared to some altcoyines, but the trend is still downward. We will not dig in dirty linen - just take for granted - there is a graph, there are levels, we are guided by them. In the near future, bitcoin will fall with small kickbacks to the support level, the nearest of which is at a price of $ 2,185, then correction is possible, up to 2450 and again a drop and a breakdown of the price with a direction to $ 1850, with a 60% probability will begin a reversal with an uptrend . Otherwise, after a possible retest of this level and failure, the price may fall to $ 1,550 and if there is no support, then to the flesh to $ 1200. But this is the worst scenario for the current situation. 80% of the probability that the level in 1550 will withstand the onslaught and there will be a good demand for bitcoin. In the coming months we are waiting for the minimum rate of $ 3,100- $ 3,300 for one BTC coin.
Ethereum (ETH): course analysis
With the etherium the situation is slightly different. ETH has already broken its levels in $ 250 and $ 200 and moves to the next - $ 155. The reason for this was the probable discharge of stolen coins from the South Korean exchange Bithumb, which had a turnover of 13% of the entire market ethereum. Newsletters further exacerbate the situation and many simply merge the ether into minus, which is expected by experienced traders and investors who want to intensify. The shadow from the candle can reach $ 120 and immediately collect 50% of the reached value of the fall. The probability of such direction and a new upward movement, in which in the near future (August-September) the level of resistance in $ 400 will be broken and a maximum of $ 500 is updated, is more than 60%. Otherwise, the price of the etherium will drop to $ 95-100 and only from there will it start moving upwards. The fall to $ 47-50 is the most unlikely outcome. But in any of these cases, we are waiting for this year's ethereum for $ 500.
Continuation at source : https://bisnestrend.ru/index.php/internet-novosti/197-obval-padenie-kriptovalyut-na-rynke-iyul-2017
Sorry, the text is translated in bulk
No panic rather time to buy and hold..and then take out some profits when price increase. For steem , keep powering up
How do you calculate your probabilities?
You give here some random probabilities and newcomers may belief you. You only analyzed the past trends, how can you give probabilities for the future?
Forecasts for the future I do on the technical analysis of the charts - I calculate the size of the steps, I constantly observe the capitalization of the support and resistance levels. I trade on the stock exchange for more than 3 years. The full article on the site was written on 11.07 and published on 12.07. You can track my subjective opinion with the market indicators. Estesstvenno, that everything does not happen immediately.
I still don't understand: How can you give probabilities by only analyzing the past? So you can say IF the market behaves as in the past then the probability based on statistics is this and this, but you cannot say just the probability for A is x. This is a big difference because we dont know if the market behaves as in the past!
The analysis is carried out by many traders, who, just like me, place pending orders in a certain place - this is how support is created. Resistance is created at the level of sufficient profitability of orders. All approximately. And the price at any time can behave absolutely not how it was supposed - but then it is more an exception, which could not appear without a reason.
In April, I calculated the rate of LTC to $ 50, although it was believed very little. There are no regulators in the market, but there is a crowd and whales - which can significantly shift the market. And there is one big faith of people that the main coins will grow globally. It's enough.
There is an article for March - there I make a forecast for April. You can compare the dash and the air - how they got up in April and bitkoin with small steps came out of the trade. Started up coins only in May.
https://bisnestrend.ru/index.php/internet-novosti/180-kurs-bitkoina-btc-dash-ethereum-eth-analitika-i-prognozy-mart-aprel-2017
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