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Cryptoglobe

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    Btcusd, ethusd, ltcusd, xrpusd, zecusd, eurusd, gbpusd, usdcad, usdjpy
  1. CryptoGlobe Cryptos Analysis

    Bitcoin Price Analysis – April 19 BTCUSD Medium-term Trend: Bullish Resistance: $9,500, $9,000, $8,500 Support: $6,500, $7,000, $7,500 Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that if price of Bitcoin continues with fall in price, it will find support at $7,500. Today, price of Bitcoin is in a Bullish market trading at $8,209.61 as at the time of writing. At the onset of a trend, whether bullish or bearish traders are to look for buy setups or sell setups. In the case of a bullish trend, we are to look for buy setups. From the weekly chart, a bullish trend line is drawn across the price bars showing the support levels of price where traders can place long trades. Any time price pulls back to the trend line, it is an opportunity to initiate a long trade. As the bullish market continues, price is expected to retest the resistance level at $8,500 and break it. If it eventually breaks the resistance at $8,500, it will face another resistance at $9,000 before reaching other highs of price levels. BTCUSD Short-term Trend: Bullish In the daily chart, price of Bitcoin is making a series of higher highs and higher lows. The 50-day moving average and 20-day moving average are trending northward signifying the uptrend. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
  2. CryptoGlobe Cryptos Analyses

    Ethereum Weekly Price Analysis – April 14 ETHUSD Long-term Trend – Bearish Distribution territories: $600.00, $700.00, $800.00. Accumulation territories: $400.00, $300.00, $200.00. Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significant lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far as long-term trend is concerned. At present, the price has moved northward and has been trading at around the distribution territory of $500.00. The 50-day moving average is above the 13-day moving average as price action shows that bulls are now trying to spring back into action. Stochastic oscillators have crossed and moved above 50 range as they are now pointing northward at an area not yet too far away from the oversold zone. Investors, potentially, can witness pit stops in the current significant price hike between the distribution territory of $500.00 and $600.00. At this point, should the bulls take action and give up way back to a strong pullback, then the bears could again play back into action that can last for only a few weeks. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research
  3. CryptoGlobe Cryptos Analysis

    ETHUSD Long-term Trend – Bearish Distribution territories: $500.00, $600.00, $700.00. Accumulation territories: $300.00, $200.00, $100.00. This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement in the market. Presently, price has also moved deeply southward and has now been trading around the accumulation territory of $400.00. Moving average 50 is far above moving average 13. The price action has been traded along the bearish path of moving average 13 consecutively with a wide space notification to moving average 50. The stochastic oscillator remains crossed into the oversold zone and also pointing southward. However, the current price trend could, in the long-term, accumulate momentum from breaking below the next accumulation territory of $300.00 and form a trading range towards another accumulation territory of $200.00. Pit stops can be experienced if that eventually cropped up. Traders can look out at that point in time to take on the bull from a reversal or a pullback which can lead to a potential markup in price in the next few weeks. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
  4. CryptoGlobe Cryptos Analyses

    Bitcoin Price Analysis – April 10 BTCUSD Medium-term Trend: Ranging Resistance: $7,100, $7,000, $6,900 Support: $6,500, $6,600, $6,700 Yesterday, April 9, the price of Bitcoin was in a bullish trend. Bitcoin traded up to $7,200 before the bears took control of the market and brought price to its low at $6,786.67. Price has resumed its range bound movement because neither the bulls, nor the bears have control of price. From the weekly chart, the support at $6,500 and the resistance at $7,500 have been strong key levels for the price of Bitcoin. These key levels have been holding since March 30, 2018. The bears have been resisted by the bulls at the support level; therefore price is expected to rise again or fluctuates. Traders can adopt a range bound strategy in a situation where price is in a range bound movement. I don’t see price breaking the support level but if it does traders should short their positions. I expect price to rise again or fluctuates in a range bound movement. Now look at the weekly chart. If you had followed the range bound movement since March 30, 2018, you would have had the opportunity of placing two long trades and a short trade. In a range bound strategy, you take a long trade at the support level and exit near the resistance zone. On the other hand, you take a short trade at the resistance level and exit near the support zone. BTCUSD Short-term Trend: Ranging From the daily chart, the BTCUSD pair is in a range bound movement. Price is oscillating between the resistance at $6,800 and the support at $6,600. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
  5. CryptoGlobe Cryptos Analyses

    ETHUSD Long-term Trend – Bearish Distribution territories: $500.00, $600.00, $700.00. Accumulation territories: $300.00, $200.00, $100.00. This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement in the market. Presently, price has also moved deeply southward and has now been trading around the accumulation territory of $400.00. Moving average 50 is far above moving average 13. The price action has been traded along the bearish path of moving average 13 consecutively with a wide space notification to moving average 50. The stochastic oscillator remains crossed into the oversold zone and also pointing southward. However, the current price trend could, in the long-term, accumulate momentum from breaking below the next accumulation territory of $300.00 and form a trading range towards another accumulation territory of $200.00. Pit stops can be experienced if that eventually cropped up. Traders can look out at that point in time to take on the bull from a reversal or a pullback which can lead to a potential markup in price in the next few weeks. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
  6. CryptoGlobe Cryptos Analyses

    Bitcoin Price Analysis – April 5 Highlights The medium and short term trend bias are bearish. In a downtrend, a trader should know that if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades. BTCUSD Medium-term Trend: Bearish Resistance: $7,000, $6,900, $6,800 Support: $6,400, $6,500, $6,600 Yesterday, BTCUSD pair had a bullish outlook but the bullish movement was short-lived. Bitcoin which was trading at $7,429.57 yesterday lost control to the bears who took the price to $6,621.17, as at the time of writing. However, from the weekly chart, the 20-day moving average crosses below the 50-day moving average indicating a bearish outlook of Bitcoin. Price is falling and moving towards the previous low of $6,500. However, the RSI period 14 is level 21 which indicates that the market is oversold suggesting bulls could take control of the market for a biref bounce. As the market is oversold, traders could look for buy setup to form in order to place long trades. BTCUSD Short-term Trend: Bearish From the daily chart, you will find price of Bitcoin making series of lower highs and lower lows symbolizing a bearish movement. The bearish trend line over laps the price bars showing resistance levels where a trader can make short positions. In a downtrend, a trader should know that if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades. Meanwhile, the RSI period 14 is level 67 which indicates that price is in the bullish trend zone. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
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