Analysis of Ethereum, Bitcoin, Monero, Zcash, Litecoin – Ripple, Hacked: Hacking Finance

Ethereum

Ethereum proceeds to drift downwards spil it bounces off Two nd arc support. It still paints a (relatively) bullish long-term picture, because it is on the sunny side of the arc pair, and above the 1×,1 Gann angle (blue 45 degree line).

My guess at the present is that this will proceed for a duo more days until it hits the 1×,1 line at

$38. If so, IMHO it will be a good buy. However, if it should close below that point, that would be fairly bearish. So, that would be a good place to waterput a zekering loss, (imho).

Litecoin

Litecoin’s chart is a thing of beauty. It responded to the setup like Ginger Rogers ter the arms of Fred Astaire. Note hos that advance wasgoed largely contained by the Four×,1 and Five×,1 Gann angles. The correction wasgoed (so far) contained by the Two nd arc support. It seems that there is still a day or two to wait for this coin to finish correcting.

My expectation is that Two nd arc support will proceed to hold, but since wij never know for sure, a zekering loss below the arc might be a wise stir.

Bitcoin

Te our last katern wij noted that it wasgoed an energy day for bitcoin. Price wasgoed sitting below the 1st arc pair and I suggested caution. However, the coin took that energy and burst convincingly through the resistance. While the Two nd arc pair is at $1250, my guess is that a better profit target is the Three rd arc pair at $1440.

Monero

Monero has bot trading sideways for a while now. Looking at the bear setup, which seems to be ter control, my guess is that there is still a few days of sideways to down movement to contend with. I imagine I speak for all traders when I say that I hate trading sideways markets. Traders get eaten alive if they get caught up ter that. Ter the event of a selloff to

$17 the Trio rd arc pair will be klapper, and that might be a good buying chance.

Zcash

Spil mentioned ter an earlier katern a few days back, Z contant (ZECUSD) is my dearest trade right now. On both long and brief term time-frames pricetime has closed above resistance.

Spil you can see, there are Two setups ter this chart. There is a large Two nd arc (green) that price has just closed above, and also, a smaller, shorter-term setup wherein price just closed above the 1 st arc. I have a feeling that this market will go quickly to triple digits. Wij will see.

Ripple

Ripple is my Two nd most dearest coin at this time. It has violated through brief term resistance, and is very close to longer term resistance. I would not be at all astonished if wij see a test of the ATH ter the next week.

Reminisce: The author is a trader who is subject to all manner of error te judgement. Do your own research, and be ready to take total responsibility for your own trades.

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9 Comments

April 8, 2017 at 1:32 pm

Thanks for the technical analysis. It would be superb if wij could also have a primer on each crypto coin. What are they about? Why would there be request for them? Will they still be around te two years etc? While I’m familiar with Bitcoin it would be interesting to hear hacked.com’s thoughts about the altstem coins

April 9, 2017 at 1:27 am

That would be an interesting article, however I am not the person to write it. My understanding of the technical aspects is sparse. I do however believe they represent the fine hope of humankind, to free us from the endless cycle of debt and servitude which fiat currencies have imposed on us ter our ignorance.

April 8, 2017 at Five:52 pm

April 9, 2017 at 1:28 am

You are fairly welcome. 🙂

April 9, 2017 at 12:02 pm

What zekering would you recommend for Zcash since it has crossed 70 now? Thanks.

April 9, 2017 at 1:24 pm

Man you rock! Glad I subscribed when I did. This article hooked mij up

April 9, 2017 at 11:39 pm

Can I come in the Zcash now since it’s back from 72 and now trading ter the range of 63 since Four hrs again?

April Ten, 2017 at 1:36 am

I remain very bullish on Zcash, ripple and a host of other coins. This week looks like it will be very titillating for crypto traders.

April Ten, 2017 at Two:00 am

Thanks a loterijlot Jim. You are awesome.

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Altcoins

November 30, 2017

Bitcoin specie (BCH) declined sharply on Wednesday, spil the market pulled back from large gains earlier te the week. The decline occurred te lockstep with a broad correction for the original bitcoin, which shortly fell $Two,000 after hitting fresh record highs.

BCH/USD Price Levels

Bitcoin specie wasgoed down more than 10% early Thursday before paring losses. At press time, the digital currency wasgoed trading around $1,380, or less than half of its all-time high.

BCH/USD trade volumes have exceeded $Two.Five billion overheen the past 24 hours, with South Korea’s Bithumb accounting for more than a quarter of the daily turnover. Europe-based HitBTC eyed harshly 10% of the daily traffic.

The broad decline ter bitcoin specie came spil prices failed to thrust across $1,700 earlier ter the week, resulting ter a downward correction. Prices have since moved sharply below a bullish trendline and are hardly clinging on to a major support level around $1,450.

Bitcoin Metselspecie to Increase Block Size

Developers at bitcoin specie have made plans to increase the digital currency’s block size te the fresh year. The initiative wasgoed announced ter a year-long roadmap that appeared Tuesday on bitcoinabc.org.

“Our top priority for Bitcoin Specie is to keep improving it spil a fine form of money. Wij want to make it more reliable, more scalable, with low fees and ready for rapid growth,” the developer said. “It should “just work”, without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”

BCH metselspecie split from the original bitcoin back ter August after a minority of the mining community backed a large block size increase. By enhancing the block size, backers hope to make cryptocurrency more user-friendly for transaction purposes. Opponents of bitcoin contant argue that the fresh protocol could undermine the blockchain’s security.

Bitcoin Alfabet said a secondary objective of boosting block size is to improve features to permit for timestamping, representative tokens and more ingewikkeld transactions.

BCH largely struggled out of the gate, with investors disavowing the cryptocurrency te favor of bitcoin and a petite handful of altcoins. Sentiment quickly shifted earlier this month after the backers of the Segwit2x hard fork abandoned their mission. This triggered a yam-sized spike for BCH at the expanse of the original bitcoin.

There is no evidence to suggest that the mining community will support Segwit2x te the near future. However not technically dead, the fresh Segwit protocol’s implementation window has narrowed significantly. Like bitcoin contant, the 2X upgrade wasgoed intended to make bitcoin more relevant from a transactions perspective. Albeit bitcoin is widely expected by many merchants, it’s primary use is to store value.

To that point, the BTC/USD exchange rate spiked above $11,000 on Wednesday for the very first time everzwijn. Prices declined sharply straks ter the day, but were back above the $Ten,000 threshold by early morning Thursday.

Disclaimer: The author wields bitcoin, Ethereum and other cryptocurrencies. He holds investment positions ter the coins, but does not engage ter short-term or day-trading.

Featured picture courtesy of Shutterstock.

Analysis

November 29, 2017

The cryptocurrency market might have experienced a classic blow-off top today, with the help of the historic rally te Bitcoin that carried it past the $Ten,000 (and the $11,000) level before turning sharply lower during the 2nd half of the session.

Wij warned of a nearby top ter latest days, and altcoins also demonstrated signs of overheating with almost all of the majors reaching overbought territory on all time-frames. BTC has no major support levels until $8200, and a quick stir to that zone would be normal after the monster rally. Further support levels are still found at $7700, $7000, and $6700, and a budge towards the previous major break-out level at $5000 is still not out of the question.

BTC/USD, 4-Hour Chart Analysis

Ethereum Classic has bot one of the leaders of the surge, until getting severely overbought on all time-frames yesterday. The coin already plunged back to the very first major support zone at the prior high near $23, and wij expect further corrective price act, given the opened up long-term picture, with major support levels at $Eighteen, $16, and $14.50.

ETC/USD, 4-Hour Chart Analysis

All of the majors got caught ter the wave of selling, and the state of the market is switching very quickly, but wij advise traders to wait with injecting fresh positions even during the likely bounces te the coming days, spil the overbought readings should be cleared before a durable rally. Let’s see the crucial short-term charts ter detail.

Analysis

November 28, 2017

The historic rally te the cryptocurrency reached even higher today, with Bitcoin getting even closer to the $Ten,000 mark and some altcoins experiencing another day of lofty gains. Albeit today’s rise is not spil broad spil the rally of the latest days, the segment klapper another all-time high regarding capitalization above the $310 billion mark, with BTC adding the most te market value again.

The last major coin on a short- and long-term buy signal, Ripple, ultimately joined the party, spil it surged past the $0.26 resistance and it’s now headed towards $0.30 after a lengthy period of relative weakness. The coin is still yet to turn overbought, and a rally past the long-standing resistance zone inbetween $0.30 and $0.32 is now possible te the coming days, albeit the majority of the market is now ripe for a deep correction.

XRP/USDT, 4-Hour Chart Analysis

Ethereum Classic scored the largest percentage gains today, and that triggered a short-term sell signal, so now wij advise investors and traders to only keep their core holdings and wait for the next deeper correction to open fresh positions. Trailing stops are ideal for exiting trades during such break-outs, with the very first major support zone only found at $23.

ETC/USD, 4-Hour Chart Analysis

Litecoin and Monero also gained further ground today, spil the positive short-term signals remain active, while Ethereum continued to consolidate near our primary target at $475. IOTA klapper a record high above the $1.1 level, despite its already overbought state, while Dash and NEO drifted slightly lower. Let’s see how the short-term setups of the majors.

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