BitcoinExchangeGuide Coins Update

[BitcoinExchangeGuide]

Bitcoin (BTC) Long Term Price Forecast- December 1


BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $4,000, $3,800, $3,600

The BTC/USD pair was bearish in the month of November 2018. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The digital currency is likely to fall in the month of December 2018.

Meanwhile, on November 1, Bitcoin has an opening balance of $6,362.99 and today, November 30, the price is at $4,098.88. The price of Bitcoin has depreciated by 35.58 % of its capitalization.

However, the entire bullish pullback has been erased by the bearish pressure. There will be no need for trade recommendation as the bearish pressure is ongoing.The MACD line and the signal line are below the zero line which indicates a sell signal.

Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA.


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

 

[BitcoinExchangeGuide]

Ethereum (ETH) Daily Price Forecast – December 5


ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 4, the price of Ethereum was in a bearish trend. There had been no significant price movement in the last 24 hours. The crypto's price is fluctuating below the 12-day EMA and all the price movements were resisted by the 12-day EMA. From the daily chart, the digital currency was unable to break the 12-day EMA and the 26-day EMA.

This indicates that the price of Ethereum is not likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. If the price tests the lower price level of $100 and the level holds; traders should initiate long trades in anticipation.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Today, the bullish trend broke 12-day EMA and the 26-day EMA and commenced range bound movement above it. But the crypto's price fell again below the EMAs which will result in the downtrend.


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: www.bitcoinexchangeguide.com

 

[BitcoinExchangeGuide]

Litecoin (LTC) Long Term Price Forecast – December 8


LTC/USD Long-term Trend: Bearish

• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10

The LTC/USD pair had been in a smooth downtrend since the beginning of November 2018. On November 1, the crypto had an opening balance of $50.13 but has depreciated to the low of $25.25.

The crypto's price is below the 12-day EMA and the 26-day EMA which is an indication of price falling. The exponential moving averages are tending southward an indication of a downtrend. From the Stochastic indicator, the reading is in the range below 20%.

This indicates that the price of Litecoin has a strong bearish momentum and a sell signal. Since the bearish momentum of Litecoin is strong, the crypto is likely to fall. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. 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 BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

 

[BitcoinExchangeGuide]

Bitcoin (BTC) Daily Price Forecast – December 12


BTC/USD Medium-term Trend: Bearish

• Resistance Levels: $6,800, $6,900, $7,000
• Support levels: $3,300, $3,200, $3,100

Yesterday, December 11, the price of Bitcoin was in a bearish trend. In the last 48 hours, the price of Bitcoin had been in the bearish trend zone.

The crypto's price had been fluctuating above the $3,400 price level. It was suggested that if the bears broke the $3,400 price level, the crypto will resume the downtrend and price is expected to test the $3,000 price level.

Today, the crypto's price is below the EMAs and price is fluctuating above the $3,400 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. In the bearish trend of yesterday, the crypto’s price fell to the low of $3,413.3 and commenced a bullish movement on the upside. The bulls broke the 12-day EMA but were resisted by the 26-day EMA and price fell back to the bearish trend zone.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Relative Strength Index period 14 is level 37 which indicates that price is nearing the oversold region.


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

 

[BitcoinExchangeGuide]

Weekly trading signals for major cryptos - DECEMBER 17th


Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)

BTC/USD

Dominant trend: Bearish

Supply zone: $5000, $6000, $7000
Demand zone: $2000, $1500, $1000

BTC/USD continues in a bearish trend in the long-term outlook. After breaking the predicted target at $3377 in the demand area of last week analysis on 13th December, the strong bearish pressure further pushed the cryptocurrency down to a new lower low at $3215 on 15th December ending the week in a bullish doji.

This suggests brief bullish pullback may be expected in the days ahead. The bears’ return may be around the 10-EMA, after exhaustion. Moreover, the price remains below the two EMAs, the stochastic oscillator is in the oversold region at 6%, and its signal points down. These suggest further downward movement in BTC/USD. $3000 in the demand area may be the bears targeted lower low.

ETH/USD

Dominant trend: Bearish

Supply zones: $250, $300, $350
Demand zones: $50, $30, $10

The week just ended opened bullish on 9th December as ETH/USD was up at $102.50 in the supply area, but the bulls later lost momentum as the day closed as an inverted hammer. This was a signal that the bears were back. $85.94 was the initial low but increased momentum dropped ETH/USD down to $83.17 in the demand area on 15th December ending the week with a bullish hammer.

With a possible trend reversal, the bulls are gradually staging a return. ETH/USD was up at $91.46 in the supply area earlier today. Further upward movement was rejected by the 10-EMA which acted as a strong resistance.

The bears still remain in control of the market and may return and push price further down south. With the price below the two EMAs and the stochastic oscillator signal at 8% in the oversold region, this suggests downward momentum. $50.00 in the demand area is still on the card as the trading week commences.


For more signals: https://www.cryptocomparer.com/news...ltc-weekly-trading-signals-for-december-17th/

 

[BitcoinExchangeGuide]

Ethereum (ETH) Daily Price Forecast – December 19


ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $250, $280
Support Levels: $100, $80, $60

Yesterday, December 18, the price of Ethereum was in a sideways trend. On December 17, the ETH price closed at a price of $98.81 after a bullish trend. After that, the crypto’s price went into a sideways trend after facing resistance at the $98 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

The crypto’s price broke the resistance at $100 price level and it is approaching the price at $105. On the other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.


ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. The price of Ethereum reached the high of $99.20 and commenced a range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA.

If price breaks below the 12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside, the crypto’s price has the tendency to rise above the EMAs but must break the resistance to reach other levels of prices.


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: www.bitcoinexchangeguide.com

 

[BitcoinExchangeGuide]

Weekly trading signals for major cryptos - DECEMBER 10th


Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)


BTC/USD

Dominant trend: Bearish

Supply zone: $6400, $7200, $8000
Demand zone: $2500, $2000, $1500

The market remains under the control of the bears on the long-term outlook. Having achieved the predicted target last week at $3377 on 7th December and a further drop to $3277 in the demand area, the bears seems to have a brief rest. Exhaustion at the demand area denoted by wicks coupled with hammer signalled the bulls gradual return.

BTC/USD was up at $3800 on 8th December, but a further upward movement was rejected around the 10-EMA. The cryptocurrency provides a down-trending market scenario with the formation of lower highs and lower lows.

With the price below the two EMAs that are fanned apart which suggest strength in the context of the trend and in this case the downtrend, BTCUSD may be set for a new lower low as the bears’ pressure becomes much stronger.


ETH/USD

Dominant trend: Bearish

Supply zones: $200, $220, $240
Demand zones: $50, $40, $30

The bears’ pressure was sustained in the past week as Ethereum went further down to $83.00 in the demand area on 7th December closing the week lower than the previous at $111.52. Rejection to further downward price movement was obvious as the bulls return this was signalled by the two hammers formation a strong indication of trend reversal.

$102.50 in the supply area was retested as the new week began on 9th December.

This flag formed by the bullish pressure was necessary for the market correction before the downtrend continuation. With the price below the EMAs an indication of strong bears pressure, $53.93 the 261.8 fib level in the demand area may be tested in days ahead


For more signals: https://www.cryptocomparer.com/news...ltc-weekly-trading-signals-for-december-10th/

 

[BitcoinExchangeGuide]

Litecoin (LTC) Daily Price Forecast – December 27


LTC/USD Medium-term Trend: Ranging

• Resistance Levels: $66, $68, $70
• Support Levels: $30, $28, $26

Yesterday, December 26, the price of Litecoin was in a sideways trend. In the last 24 hours, there had been no significant price movement as price ranges above the $30 price level. 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.

As the crypto ranges above the $30 price level, there is the likelihood of a price breakout. If the crypto’s price breaks below the $30 price level, the price of Litecoin will find support at the $24 price level. On the other hand, if price breaks upward, the crypto will reach the high of $37. Meanwhile, the stochastic indicator out of the oversold region above the 20% range which indicates that Litecoin is in a bullish momentum and a buy signal.


LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates price is in a bearish trend zone. The crypto has the tendency to fall.

Similarly, the stochastic indicator was out of the overbought region and it is below the 20% range which indicates that the crypto is in a bullish momentum and a buy 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.

Source: https://bitcoinexchangeguide.com

 

[BitcoinExchangeGuide]

Bitcoin (BTC) Long Term Price Forecast- December 29

BTC/USD Long-term Trend: Bearish

• Resistance levels: $7,200, $7,400, $7,600
• Support levels: $3,900, $3,700, $3,500

The price of Bitcoin was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $4,038.50 but traded and had closing price of $4,023 as at the time of writing.

In the month of December, Bitcoin lost 0.38% of its capitalization. In December, neither the bulls nor the bears have control over the price of Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone .

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Bitcoin is in a bearish momentum and 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.

Source: https://bitcoinexchangeguide.com

 

[BitcoinExchangeGuide]

Weekly trading signals for major cryptos - JANUARY 3RD


Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)


BTC/USD

Dominant trend: Ranging

Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000

BTC/USD remained in a range-bound market in the long-term outlook. The bulls attempted to rally on 28th December that took the cryptocurrency to $4095 in the supply area but lacked the momentum for continuity hence the bears returned. BTC/USD closed the year at $3771.

The new year opens with a break out from the 10-EMA as the cryptocurrency rose to $4083 in the supply area within the range.

BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.


ETH/USD

Dominant trend: Bullish

Supply zones: $250, $300, $350
Demand zones: $50, $30, $10

The rejection of the downward price movement and subsequent formation of a bullish engulfing candle on 28th December confirm the uptrend. ETH closed the year above the $100.00 as the bulls pushed the price up $153.00 in the supply are on 31st December.

The new saw the bull sustaining the momentum after the bullish railroad on 1st January. $163.67 was retested yesterday as the bulls continue their journey up in the long-term.

Price stands above the two EMAs crossover with stochastic oscillator signal points up at 76% in the overbought region which suggests upward momentum in the price of the cryptocurrency in the long-term.

$174.00 in the supply area remains a target for the bulls in the long-term.


For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-3rd/