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BitcoinExchangeGuide

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  1. Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 23 ETH /USD Medium-term Trend: Bearish · Resistance Levels: $250, $260, $270 · Support Levels: $240, $230, $220 Yesterday, May 22, the price of Ethereum was in a sideways trend. The crypto’s price now ranges above the 12-day EMA but trades below the $260 resistance level. The ETH market is range bound between the levels of $230 and $260. The candlesticks pattern has changed to small bodies price bars like the Doji and the Spinning tops. This described the indecision between the buyers and the sellers at the current market price. Nevertheless, the crypto’s price is above the 12-day EMA which indicates that price will make an upward move. However, if the market continues its range-bound movement, the crypto is set for a price breakout or a price break down. A price break out would make the market rally above $280 price level. A price break down would further depreciate the crypto’s price. Yesterday, the market fell and depreciated to a low at $243 price level. Nevertheless, the crypto’s price is below the EMAs and will further depreciate to the previous low at $230 price level. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the price of ETH was in a bearish trend zone. The market had been on a downward correction after the resistance at the $280 price level. On May 21, the bulls were also resisted at the $262 price level. The ETH price was also resisted at the $260 and the $257 price levels. On each resistance, the price would fall below the EMAs but the bulls would make attempt to pull above the EMAs. Yesterday, the market fell and dropped to the previous low at $243 to commence a range bound move. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com
  2. Litecoin Price Prediction: Long-term (LTC) Value Forecast – May 18 LTC/USD Long-term Trend: Bearish · Resistance Levels: $90, $95, $100 · Support levels: $85, $80, $75 On May 6, the LTC/USD pair had traded up to the high of $92.94 but the bulls were resisted. The market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $70 support level. The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend. On May 14, the crypto’s price reached the $104 price level was resisted. The bears broke the 0.236 (23.6%) and 0.382 (38.2%) Fibonacci retracement levels and found support at the 0.50 retracement. ince the price has dropped below the continuation zone of the Fib. retracement level, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level. In other words, the price is likely to revisit the $80 support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com
  3. Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 16 ETH /USD Medium-term Trend: Bullish · Resistance Levels: $250, $260, $270 · Support Levels: $240, $230, $220 Yesterday, May 15, the price of Ethereum was in a bullish trend. Since on May 14, the crypto’s price was making a series of higher highs and higher lows. The market rose from its low at $216.50 to a high at $270 price level. From the chart, the market has retraced to the support of the bullish trend line. If the price is holding at the support of the trend line, the crypto’s price will resume its bullish trend to retest the $270 price level. However, if the price breaks the trend line, it is likely that the selling pressure will resume. That is the price is likely to fall to another low at $226 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the price of ETH was in a bullish trend zone. Yesterday, the ETH price was trading at $246.78 and the price level was sustained up till the $270 price level. Presently, the bulls tested the $270 resistance level and were resisted. The crypto’s price has broken the trend line and another bearish candlestick closing after it. Technically, the current trend is likely to have reversed. The coin is currently trading at $259.30 as at the time writing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com
  4. Litecoin Price Prediction: Long-term (LTC) Value Forecast – May 11 LTC/USD Long-term Trend: Bearish · Resistance Levels: $60, $70, $80 · Support levels: $60, $50, $40 On April 7, the LTC/USD pair had been in a downtrend. On April 6, the crypto’s price reached a high of $92 but the bulls were resisted at the $96 price level. The crypto’s price fell to the support of the $70.93 price level. On April 30, the $70 support level was holding as the bulls initiated a bullish trend. The bulls broke the 12-day EMA and the 26-day EMA as price reached a high of $82.62 price level. The crypto’s price was resisted again at the $85 price level as the bears broke below the EMAs. The crypto’s price is below the EMAs which indicate that the price is likely to fall. If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level. On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level. The crypto’s price is trading at $78.12 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com
  5. Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – May 8 BTC/USD Medium-term Trend: Bullish · Resistance Levels: $6,800, $6,900, $7,000 · Support levels: $6,000, $5,900, $5, 800 Yesterday, May 7, the price of Bitcoin was in a bullish trend zone. Yesterday, the crypto’s price rose and tested the $6,300 price level and was resisted. The BTC price was facing resistance at the $6,300 price level. The crypto’s price fell to the support of the 12-day EMA. In other words the crypto’s price broke the 0.236 (23.6%) Fibonacci retracement level. The crypto's price would be in a downtrend if it had broken the 0.382 (38.2%) Fibonacci retracement level. The BTC price is likely to rise because it is within the continuation zone of the Fibonacci levels. The crypto's price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the downside, if the bears break below the EMAs, the BTC price will be in a downtrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is in a bullish trend zone. On May 7, the bulls tested the $6,280 resistance level on two occasions and were resisted. In the second attempt, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $6,096.90. If the $6,100 price level holds, the crypto’s price will rise to retest the $6,300 resistance level.The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com
  6. New paper finds that Twitter, Google Trends can help predict crypto price fluctuations The Southern Methodist University recently put out a research paper that found a couple of standout facts regarding the cryptocurrency industry. Most notable is the finding that tweet count and Google search trends can help predict when crypto prices are about to change. Correlation is key That’s right. As reported by Bitcoinist, the paper notes that despite the volatile market and prices regarding Bitcoin and Ethereum, it’s possible to predict potential changes when factoring in user sentiment: “Twitter is increasingly used as a news source influencing purchase decisions by informing users of the currency and its increasing popularity. As a result, understanding the impact of tweets on price direction can provide a purchasing and selling advantage to a cryptocurrency user or a trader. By analyzing tweets, we found that tweet volume, rather than tweet sentiment (which is invariably overall positive regardless of price direction), is a predictor of price direction.” Of course, the paper uses Bitcoin and Ethereum because of the popularity of the two. Cryptocurrency wallets are full of these assets, and companies are consistently trying to make Bitcoin trading much easier than it has been. These currencies are tweeted about the most often, hence they make a great model for studying. However, the University made sure to tie this in with another big source, Google Trends: “By utilizing a linear model that takes as (sic) input tweets and Google Trends data, we were able to accurately predict the direction of price changes. By utilizing this model, a person is able to make better informed purchase and selling decisions related to Bitcoin and Ethereum.” How accurate are these findings? Interestingly, in their research, the group found that “sentiment analysis is less effective for cryptocurrency price changes in an environment in which prices are falling”. This is because tweets about crypto and blockchain tend to lean towards the positive side or are neutral. Cryptocurrencies are not mainstream. Those who tweet about them generally have a “special interest” in the technology which is why you don’t see much negativity within them. Put simply, it is then the number of tweets, not so much the emotions within them, that alter cryptocurrency prices. Of course, one has to account for bots on Twitter. There are all sorts of fake Twitter accounts within the cryptocurrency space – some of which promote Bitcoin robot scams. Regardless, it’s not always clear when an account is a bot, meaning their tweets will still factor into the reception of cryptoassets. As for the results, the team found that Google Trends searches for Bitcoin and Ethereum would jump up before prices did the same. The same happens with Bitcoin and tweets regarding it. These findings may seem obvious, but they show that user interest can in fact change crypto prices, rather than the common belief that tweets and online discussion follow price changes. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers
  7. Bitcoin Trading: Steady Bitcoin Pumps a Slight Recovery in Top 20 Altcoins Bitcoin (BTC) Price Analysis – April 30 The recent steady movement in Bitcoin price was as a result of low volatility in the course of the last five days of trading which had tightened trading between the range of $5100 and $5300. However, a surge in volatility is expected to determine the next ultimate direction of the giant crypto. BTC/USD Long-term Trend: Bullish (1D chart) Key Levels: Resistance levels: $5600, $6000 Support levels: $4800, $4500 From the long-term perspective, we had seen how Bitcoin managed to crawl above the green trend-line before the notable spike in early April which has floated price above the $5000 level. After the sudden price increase, BTC has flagged up with steady movement in the channel. Last Thursday, Bitcoin dropped to $5000 from the $5600 high level. Since then, the market has been trading below $5400 till this moment with choppy price action. While indecisive, we may experience another surge in volatility which could take Bitcoin to the next phase. The RSI is currently indecisive. A downward direction may lead to a bearish breakout. Below the channel lies a tight range between $4800 and $4500. The 4-hours Stochastic RSI suggested BTC to be bearish. BTC/USD Medium -term Trend: Bullish (4H Chart) After the April 2 sudden price surge, Bitcoin has remained in the ascending channel. Though, nothing much has changed since the leading cryptocurrency poised $5600, the current resistance. For the past five days now, Bitcoin’s volatility has been relatively low. As a result of this, the market appeared indecisive with choppy price action. Sitting on the lower trend line, below the channel lies $4900 and $4700 support. On the upside, the market may retest $5500 and $5600 resistance levels, where the upper trend line lies. Above this channel, Bitcoin could create a new high around $5800 and $6000 levels. The 4-hours RSI is rising above the 40 level. A further incline may project BTC price at $5500. Significantly, the 4-hours Stochastic RSI lies close to the overbought territory. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to trade Bitcoin successfully: https://insidebitcoins.com/trading/bitcoin Best cryptos exchanges: https://insidebitcoins.com/cryptocurrency-exchanges
  8. Forex Trading: XPTUSD Is Trending Upwards, and This May Continue XPTUSD Price Analysis – April 27 Platinum price may move towards $962 price level, in case the Bulls increase their momentum to break up the $898 price level. Should the Bears defend the $898 level, there may be a decrease in Platinum price towards $833 XPT/USD Market Key levels: Supply levels: $898, $962, $1030 Demand levels: $833, $776, $714 XPTUSD Long-term trend: Bullish XPTUSD is ranging on the weekly chart. XPTUSD was bullish on the week that started on April 15 and the bullish momentum placed the currency pair at $898 level. On this concluded week, XPTUSD was on the ranging movement which eventually resulted in the formation of Doji candle on the same level. The consolidation going on at the supply level of $898 is taking up to three weeks now. The momentum of the Bulls and the Bears are at equilibrium Platinum (XPTUSD) Weekly chart, April 27 Although consolidation is ongoing at $898 level, the bullish trend is still maintained as long as the Platinum is trading above the 21 periods EMA and 50 periods EMA. The Relative strength Index period 14 is around 60 levels with the signal lines showing no direction indicate that consolidation is ongoing in the XPT market. Platinum price may move towards $962 price level, in case the Bulls increase their momentum to break up the $898 price level. Should the Bears defend the $898 level, there may be a decrease in Platinum price towards $833. XPTUSD medium-term Trend: Ranging On the medium-term outlook, XPTUSD is on the sideways movement. Throughout last week, the currency pair engaged on the sideways movement at $898 price level; the price is moving above and below the $898 price level. It is currently on the mentioned level with the formation of the daily strong bullish candle. The Relative Strength Index period 14 is at 60 levels with the signal line pointing up to indicate a buy signal. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers
  9. DASH trading: The Bears Head Towards a Critical Support, a Break or Reversal? DASH Price Analysis – April 23 After April short position, DASH market had been following a bearish sentiment. Crossing down the 200-day MA, DASH/BTC nears a key support level of 0.022 BTC. Despite the fall, the 200-day MA still acts as a defensive line for DASH/USD pair. However, both markets respect a falling channel. DASH/USD Market Key Levels: Resistance levels: $135, $145 Support levels: $115, $100 The price of DASH had been falling for the past weeks due to the selling pressure in the market. As a result of this, the market has been down by roughly 18% as price currently trades at $123 level. The volatility of the cryptocurrency appeared low with choppy price action. Following the medium-term bearish correction, DASH is still respecting the bulls’ defensive line; the 200-day moving average line (yellow). Meanwhile, the $125 price level has been holding the bulls for the past twelve days. A successful breach might take price to $130. As shown on the RSI, the trend is positioned at 56.8 level. The next major resistance is at $135 level which is outside the channel. A bearish move could slump price to $115support. DASH/BTC Market While staying above the important 200-day moving average line (yellow) in late March, DASH price rose to the peak of 0.029 BTC high before plunging in a channel. Testing the yellow line on April 12, a significant break has further led the bears far below the yellow line. Currently, the cryptocurrency head towards the March support at 0.022 BTC level. At the test of the mentioned support, a possible bounce up may occur for a bullish reversal. If a bounce up fails, a break down could further the trend in a more bearish condition. The medium-term RSI is now trending below the 50 level after the price drop on April 1. A successful break up could kick-start a bull-run at 0.024 BTC resistance level, testing the important yellow line. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to trade Bitcoin successfully: https://insidebitcoins.com/trading/bitcoin Best cryptos exchanges: https://insidebitcoins.com/cryptocurrency-exchanges
  10. IOTA trading: IOTA Trends in a Falling Channel, Will Price Break Up? IOTA Price Analysis – April 21 With the current market condition, this cryptocurrency may reverse the trend after reaching a solid support level which may be followed by a break-up. If otherwise, the market could further trend in a channel. As of the time of writing, IOTA is down by 3% with a market cap valuation of $846 million. IOTA/USD Market Key Levels: Resistance levels: $0.33, $0.36 Support levels: $0.28, $0.27 After the April 2 shock-wave, IOTA trading has been following a bearish sentiment. Meanwhile, the sellers have been gaining control ever since. The bearish reverse move is revealed on the 4-hours RSI. For the past seven days now, the price action has been moving between the range of $0.32 and $0.3 price levels. While consolidating, IOTAUSD market is currently indecisive. A surge in volatility is likely to play out. Still respecting a falling channel, a bearish surge could slump price to $0.28 support level and below. On the other hand, a bullish surge is likely to meet resistance levels at $0.33 and above. However, a significant break above the channel could set price on an upward movement. Looking at the RSI, it appeared a slow rise is converging. IOTA/BTC Market As appeared on the medium-term perspective, IOTABTC value has significantly dropped; losing about twenty percent in the past three weeks of trading. Selling pressure is dramatically approaching 5400 SAT support. Following a bearish sentiment, the cryptocurrency has remained within the range of a channel trend. On the 4-hours RSI indicator, the slope move is revealed below the 50 level after the sharp fall in early April. A cross above the 50 level could lead to a bullish move. If such a scenario occurs, the potential resistance level to look for is 6180 SAT and above. Maintaining a trend between the ranges of the channel could further position the market in a bearish scenario. As of now, the 50 level of the RSI remains a defensive line for the bears. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers
  11. XRP trading: Still Bearish, Ripple May Bounce Up After Testing a Close Support Ripple (XRP) Price Analysis – April 16 Regardless of the current green market, XRPUSD bearish sentiment moves in a descending channel with a slow price action towards close support. XRPBTC, on the other hand, has further fallen in a new direction. Still, XRP market is falling. XRP/USD Market Key Levels: Resistance levels: $0.35, $0.37, $0.39 Support levels: $0.30, $0.28, $0.26 Looking at the medium-term chart, Ripple appeared bearish as price trades within a descending channel in since early April. While sitting at the lower channel, XRPUSD market has been consolidating for the past five days as a swing high is expected at $0.35 resistance level. A further push above the mentioned resistance may resume XRP on a bullish trend. Meanwhile, a possible swing low could plummet price to $0.3 support and beyond. Evidently, the trend lines are still a defensive line for the bulls and the bears. Viewing the 4-hours RSI, a gradual buying momentum is compounding as it points upward. More importantly, the 4-hours Stochastic RSI pressure nears overbought territory. A slight drop is likely once the indicator reaches the overbought zone. Nevertheless, XRPUSD market is still respecting a descending channel pattern. XRP/BTC Market Ripple, as a hedge, is on a downtrend trend. The massive sell-off in early April has led the sellers to more significant downward movement as price faces 6000 SAT low.The coin’s value is dramatically depreciating as a new low is yet to be established. The bearish scenario is now revealed to be strong; following a new purple line. Since the drop, the 4-hours RSI has positioned trading below the 50 level; currently swinging on the oversold line. A clear breach above the purple trend line could fly price to 6600 SAT resistance and above. The current 4-hours Stochastic RSI faces the oversold zone; showing an ongoing selling pressure. A long position may switch the Oscillator on an upside trend. At the moment, the sellers are gaining control of the market. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to trade Bitcoin successfully: https://insidebitcoins.com/trading/bitcoin Best cryptos exchanges: https://insidebitcoins.com/cryptocurrency-exchanges
  12. BNB trading: BNB Falls After Posting $20, The Bulls May Resume Rally Binance Coin (BNB) Price Analysis – April 15 For the past two weeks, Binance Coin has been trading below $20.5, the yearly high, following a bearish sentiment. While BNBBTC market consolidates, BNBUSD is actually playing out on a decline as the sellers target next support level. However, a bullish breakout may continue an upward direction. BNB-USD Market Key Levels: Resistance levels: $20, $21 Support levels: $17, $16 BNBUSD performance has been quite impressive since the beginning of the year 2019; recording its all-time high at $20.5 in early April. After the steady drop to $17 area, the bulls increased momentum as price retested the ATH area; carving a descending broadening wedge formation. BNBUSD-4H-Chart-April-15 In the last few hours of trading, the bears appeared to be resuming the rally. A selling pressure is gradually aiming $17 and $16 supports; respecting the trend line. The important RSI is currently facing downward, signaling a bearish play. Reaching the oversold area may position the token at the mentioned price levels. A bullish play is likely to retest $20 resistance level. Surpassing the level may lead to a bullish continuation. BNB-BTC Market Following the market structure, BNBBTC is bearish on a medium-term trend as the price trades within a channel pattern. The fall began slowly after a double-bottom pattern at 0.0044 BTC high, which led the bears to the lower trend line at 0.0033 BTC before the bulls walk to 0.0039 BTC; testing the upper trend line. BNBBTC-4H-Chart-April-15 Since yesterday, the price action has remained below 0.0039 BTC resistance level. A cross above this resistance could poise BNB for an upside trend. A long position could meet resistance at 0.0042 BTC resistance level. On the other hand, a downward move is likely at 0.0034 BTC and 0.0033 supports. As revealed on the 4-hours RSI, the cryptocurrency is trading below the overbought level. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers
  13. How to Buy Bitcoin with PayPal in 5 Minutes Last Updated on April 10, 2019 4.6 (91.54%) 26votes The complications with buying Bitcoin with Paypal are well-known : many individuals have sold their bitcoins on Paypal to buyers who have then claimed chargebacks, in essence leaving the seller without their cryptocurrency or funds from the sale. Thankfully, there are many other ways of buying Bitcoin through Paypal nowadays, and to do so on safe, regulated platforms. From our research, we have found eToro to be the best platform for puchasing bitcoin through Paypal. Read on to find the steps you should take to buy Bitcoin on this platform and on more exchanges, all of which will be reviewed in detail in this article. Quick Guide: Buy Bitcoin in 5 Minutes With PayPal Register for an account with a platform like eToro Click on “Deposit” to select the payment options Select the amount to deposit with PayPal ($250 recommended) Once the Payment has been processed, click on “Overview” Press the “Buy” button near the Bitcoin Market Place an Open Trade on Bitcoin You should have Bitcoin in your “Portfolio” now Buy Bitcoin If you still have doubts as to why you should use PayPal to buy Bitcoin, you can compare the best exchanges that offer PayPal as a payment method. Compare You can find out more and compare the brokers and exchanges that offer to Buy or Sell Bitcoin with PayPal in our list below, or you can skip through directly to our step-by-step guides and tutorials · · Bitcoin (BTC) · Price 5,059.44 · Market Cap 89,250,542,056 6. Apr8. Apr10. Apr5000520054004800Zoom1d1w1m3m6m1yFromApr 4, 2019ToApr 11, 2019Highcharts.com Source: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best Forex Brokers 2019 – Forex Trading Platforms Compared Last Updated on April 8, 2019 5 (100%) 1 vote The trading of foreign currencies, or simply ‘Forex’ or ‘FX’, is arguably one the largest investment markets in the world. To illustrate just how big the forex scene has become, it is estimated that the industry is responsible for more than $5 trillion in trading volumes – each and everyday. It is important to note that this trading scene is not just reserved for institutional investors. On the contrary, the forex investment space is utilized by traders of all sizes. Whether you’re looking to trade forex full-time, or for a couple of hours a day, there are now heaps of established trading platforms available to choose from. But with so many platforms to choose from, how do you go about finding the best forex brokers? What should you look for when choosing a FX brokerage service? Read our guide to find out the best forex trading platforms for 2019. · Exchange · Rating · Properties · To Buy Experience The Best Choice · 12+ Cryptos · €200 Min Deposit · Accepts PayPal Buy Now eToro is a multi-asset platform that offers CFD and non-CFD products. 76% of retail investor accounts lose money when trading CFDs with this provider. Your investment is at risk and you could lose your money investment. Source: https://insidebitcoins.com/forex-brokers
  14. How to Read Forex Charts Forex markets demonstrate exchanges between different currencies and their prices relative to that exchange. Understanding charts are very important and can be an extremely useful tool in trading Forex. Prior to learning how to read them and how you can use them to make money trading, you should understand what exactly goes on in a forex market chart. Charts Are Relative to a Parameter – Foreign exchange market charts are always relative to a certain parameter. The most basic chart type in Forex, which you’ll also be using the most, is the standard line graph. A line graph houses two axis, the X-Axis, and the Y-Axis. Charts demonstrate something. The most common chart, a line graph, shows the performance of one parameter over the length of a different parameter. The most common chart in Forex trading is the performance of a currency pair over a said period of time. In this case, we can determine the following parameters are used to demonstrate a chart for how the price of a currency pair performs over time. The parameters used in this case are: 1.) The trading pair 2.) The exchange rate (price) of the trading pair, 3.) Length of time the exchange rate of the trading pair has been recorded. In the most standard and most likely used average format of this type of chart, the parameters are used in the following notion; on the Y-Axis, you have a scale that shows the prices that the trading pair has previously obtained. On the X-Axis, you have a start date for where the data recording starts, and then an end date for when the data ends. Let’s look at the above chart of USD/JPY courtesy of DailyFX. At the title of each graph, you will have an overview indication of what it is you’re looking at. In this case, this is the chart for the price of “USD/JPY“, in other words, the amount of USD that can be exchanged for JPY over the period of a year. On the X-Axis you can see the time indications, which are marked by Months (Time). Then as we previously mentioned, on the Y-Axis, we have the price points at which the USD/JPY pair has attained. Now, let’s delve a bit deeper into the graph. The exact price points may simply look like the prices at which USD/JPY has obtained previously, correct? Yes and no. The above chart is one of the most used and probably most important chart type that you’ll come across, called a Candlestick Chart. A candlestick chart is a type of chart that shows the performance of a currency over time through the form of “candlesticks”. Candlesticks are visual representations of price movements of an underlying currency from its open price, close price, as well as its price increase/decrease relative to the price of the currency on the previous close. This might sound confusing at first, but let’s dive in; candlesticks are a concept that can only be learned with practice. A candlestick represents a singular time mark relative to the time preference you’ve set. If you open a “Daily” candlestick chart, each candlestick that you see on the chart will be representative of a “Day” of price movement. Let’s look at a zoomed in version of the USD/JPY chart, which looks like so: Looking at this chart, each candlestick represents a “Day” of price movement for the USD/JPY pair. Each green candlestick means that on this “Day”, the price of USD/JPY closed higher than what it closed on the day before unless we are talking about the most present candlestick on a candlestick chart. In this case, the candle will be green or red depending on whether or not the price on a “Day” opens relative to the previous day. If it opens higher, then in realtime the candle will appear green. The following image, provided by Investopedia, demonstrates the anatomy of a candlestick on a chart. The topmost part of the candlestick indicates the highest price achieved by the pair during the day; the second topmost is which price the pair opened or closed the day at; the body of the candle extends only as far as the fluctuation in price during the day. The bottom of the body indicates the subsequent open or closing, and then finally, the bottommost part of the candle represents the lowest price attained during the trading period. Analyzing these sorts of charts are necessary to get a better grasp for Forex trading but are also extremely necessary for learning how to maneuver any financial market. Learning the functionality and basis of a candlestick chart will be invaluable in your overall trading. The second chart that should be understood is the basic line chart. With (Hopefully) newfound knowledge in Candlestick Charts, understanding basic line charts will be easy. Line charts are primarily useful in Forex trading for a preliminary overview of price action. If there are 4 trading screens open across your trading desk, you may not want to know the exact details associated with price action that candlesticks provide. Sometimes you simply want to know the general direction. Basic line graphs are excellent for that purpose. A line graph displays data in a similar manner as a Candlestick Chart. A basic line graph/chart will overview the price of a certain trading pair over a certain time period. However, it will only ever demonstrate a singular parameter through the chart: which is the close price of the trading pair. Here is the same trading pair we viewed earlier with a candlestick layout, except now replaced with a basic line setup. Here you can see we have a very broad overview instead of exact closes, opens, and daily movements, and sometimes that’s the only thing you want when looking at a trading pair. This chart is extremely simple in terms of composition: on the Y-Axis, we have the price of the range of prices the trading pair has previously attained, and then on the X-Axis we have our variable of time, which is in months for this specific graph. Reading Forex charts is essential, and with this basic understanding, you should have the capability to make very brief and preliminary inferences, such as “This trading pair has been declining in price for over 2 months now”, or “This trading pair dipped down today after increasing for over 3 weeks, maybe now is a good time to trade upward.” Of course, nothing is set in stone; however, comprehending Forex charts will allow you to reach a level of knowledge in trading and analysis that can be very helpful in making profit Source: https://insidebitcoins.com/trading/forex
  15. Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 4 ETH/USD Medium-term Trend: Bullish Resistance Levels: $240, $250, $260 Support Levels: $150, $140, $130 Yesterday, April 3, the price of Ethereum was in a bullish trend. Yesterday, the bulls reached a high of $173.76 but were resisted. The price retraced and resumed another bullish trend. The bulls tested the $175 price level and were resisted again. The crypto’s price fell to the support of the 26-day EMA. On the upside, if the support of the 12-day EMA holds, the crypto’s price is likely to rise to retest the $175 price level. On the downside, if the bears break below the EMAs, the crypto’s price will continue its downward fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price reached a high of $176.36 but the bulls were resisted and the price fell to the support of the 12-day EMA. The bulls resumed another bullish trend at the support of the 12-day EMA and tested the $180 price level. The price fell to the low at $161 and commenced a range bound movement. Today, the ETH price is trading at $164.21 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com
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