Bitcoin, Ethereum & Ripple Charts: Successful Retest Or Breakdown?
Bitcoin, Ethereum & Ripple Charts: Successful Retest or Breakdown? January 24, 2018, 06:32:00 AM EDT By Paul Robinson, DailyFX Cryptocurrencies are in 'retest' mode, hold or fold? Bitcoin testing trend-line again, a failure here puts a drop below 9222 in focus Ethereum & Ripple aren't at support levels, but still need to hold soon, or else Find out what traders are doing in Bitcoin on the IG Client Sentiment page , and what it may mean about future price fluctuations. Cryptocurrency retest or another leg lower? The other day we were discussing the possible change in character in price behavior across the cryptocurrency market . If the 'animal spirits' have indeed been broken, another big leg lower could soon be in store. We are nearing a point in time which looks like it's 'hold or fold' time for the group. Last week's plunge and reversals were extremely fierce, indicating a significant inflection point. The modest weakness we've seen in recent days could simply be a retest (a common occurrence at meaningful turning points), and if the case, then we should see the group firm up and turn up. If a breakdown develops below those spike-low levels, then much lower levels could be seen in short order. Bitcoin (BTC/USD) is working its way back lower while in 'retest' mode at the moment, but will need to firm up soon as it has support in the current vicinity. Yesterday, it was below the July trend-line, but managed to close above for a second day in a row. A close below the trend-line will quickly bring last Wednesday's spike-low at 9222 into focus. A break below there could be significant, likely bringing in another wave of selling. A hold here and rally will bring the 13k area of resistance back into play, and will need to be overcome if higher prices are to follow. Want to Continue reading >>
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Iota, Litecoin, Dash, Monero: Price Analysis, Dec.28
Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash, Monero: Price Analysis, Dec.28 Still down? Why the crypto market is so volatile right now and what to do about it. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market has been volatile over the last couple of days. Does the change in behavior signal a possibility of a further fall? We shall try to forecast it using our chart analysis. The South Korean governments proposed regulations and curbs on cryptocurrency trading have dampened the sentiment. After all, the nation with a relatively small geographical territory is responsible for a sizeable trading volume , about one-fifth by some measures, in Bitcoin. Nick Colas , one of the first Wall Street analysts to cover Bitcoin, believes that 2018 will see a surge in volatility with about 40 percent falls. If that happens, timing the markets become that much more important. A buy and hold strategy, similar to 2017, might not be the best way to trade Bitcoin. We shall try to identify these turning points for our traders so that they dont get stuck with huge losses. In our previous analysis , we had mentioned that Bitcoin s pullback will face a strong hurdle between $15,118.45 and $16,160.02. Yesterday, Bitcoin turned down after reaching $16,494.53. The cryptocurrency has a strong support at the trendline. We expect the bulls to attempt a recovery from here. If they are able to break out of $16,494.53 levels, we should see a retest of the highs. On the other hand, if the BTC/USD pair breaks down of the trendline, it can fall to $12,788.14 levels, which is a Continue reading >>
Bitcoin Vs Ethereum: Cryptocurrency Comparison
Bitcoin VS Ethereum: Cryptocurrency Comparison Last updated on June 14th, 2017 at 08:11 pm Since its release in early 2009, Bitcoin has been the trailblazing leader of the cryptocurrency revolution. Countless imitators have come and gone but Bitcoin remains dominant, despite nearing the current limits of its transactional capacity. Ethereum, created mid-2015, is Bitcoins strongest rival But can Ethereum deliver on the hype surrounding its complicated technology, as well as recover from the recent spectacular failure of the DAO , to usurp Bitcoins primacy? Complimentary or Competing Cryptocurrencies? How valid is the frequent claim that Bitcoin and Ethereum arent direct competitors but rather complimentary aspects of the new, blockchain-based economy? The peaceful coexistence theory holds that the web is vast and deep enough for Bitcoin and Ethereum to carve out their respective niches: Bitcoin specialising in its role as digital gold; offering a dependable monetary system free from unbounded inflation and political intervention. Ethereum evolving into the world computer; a blockchain-based programming language enabling code-based contracts and decentralised applications. In practice, matters are more complex. Given the extensibility of cryptocurrency, neither coin has a clearly defined sphere of operation. There is considerable overlap between their functions and markets, with nothing to prevent user migration. For example, additional layers built upon Bitcoin, such as the Rootstock.io smart contact platform, threaten to trespass on Ethereums playground. Rootstock promises to do everything Ethereum can, with the added security of a two-way peg to the more secure Bitcoin network. Likewise, Ethereum has become a popular trading and investment instrument , infringing upon Continue reading >>
Is Ethereum Overtaking Bitcoin As The Top Digital Currency?
Swiss Regulators, FINMA, Turn Their Attention Towards ICOs Is Ethereum Overtaking Bitcoin as the Top Digital Currency? Posted on 2:05 pm March 9, 2016 Author JP Buntinx Categories Altcoins , Analysis , Bitcoin , News Tags bitcoin , bitcoin price , Bitcoin Trsding Volume , CNY , Cryptocompare , ethereum , ethereum price , Ethereum Trading Volume , google trends , usd If the Bitcoin price goes down, and the Ethereum price goes up during that period, does that means there is a shift in trading volume? But if that would be the case, why isnt the Ethereum price dropping when Bitcoin goes up again and investors flock back to their original investment strategy? Once again, the charts by Cryptocompare will provide interesting insights. SPONSORED ARTICLE: Tech Analysis articles are sponsored by SimpleFX - Simple as Never Before, SimpleFX is a robust online trading provider, offering trading with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and energy. Offers simple and transparent trading conditions. With all of the attention on the Ethereum project right now, there are a fair few digital currency enthusiast who would love nothing more than to see this project overtake Bitcoin in every way. More importantly, when Ethereum reached the market cap threshold of US$1bn, a lot of people expected it to keep going, but the value started plummeting shortly afterwards. At the same time, the Bitcoin price dipped as well. Are these two concepts more alike than people want to admit? Also read: Russian Startup Qiwi to Continue Bitcoin Development despite Regulatory Hurdles It is not all that difficult to gauge interest about any topic in the world outside of the realm of the digital currency ecosystem. A large part of our society has no vested interest in either Bitcoin or Eth Continue reading >>
Ethereum Price Chart Bitcoin (eth/btc)
Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko will not be responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at [email protected] Like what we are doing? Donations are welcome! Continue reading >>
Bitcoin Vs Ethereum Comparison - Btc/eth Cryptocurrency Comparison Charts - 1 Day
Dash vs Litecoin Ripple vs TRON Rise vs bitEUR Monero vs Zcash Ethereum vs Litecoin Ardor vs IOTA Vertcoin vs VeriCoin Lykke vs Tao Zoin vs Lykke FairCoin vs Newbium EOS vs Litecoin Dogecoin vs Ripple Ripple vs IOTA NAV Coin vs Litecoin BitSend vs GAIA EOS vs IOTA Bitcoin Cash vs Litecoin Bitcore vs Bitcoin Cash Ripple vs EOS IOTA vs EOS Continue reading >>
Bitcoin Vs Ethereum: Driven By Different Purposes
Bitcoin Vs Ethereum: Driven by Different Purposes Ethereum has received a lot of attention since its announcement at the North AmericanBitcoinConference in early 2014 byVitalikButerin. The natural consequence of its rising popularity has been its constant comparison toBitcoin, the first virtual currency. It is important for investors to understandthe similarities and differences between BitcoinandEthereum. Bitcoin, the first virtual currency, was born seven years back. It introduced a novel idea set out in a white paper by the mysterious SatoshiNakamoto:Bitcoinoffers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies . There are no physicalBitcoins , only balances associated with public and private keys. Over these years, the acceptance of the concept of a virtual currency has increased among regulators and government bodies.Althoughit isnt a formally recognized medium of payment or store of value, it has managed a niche for itself and continues to coexist in the financial system despite being regularly scrutinized and debated. The attempts to understandBitcoinmoreclosely resulted in the discovery of blockchain , the technology that powers it. Theblockchainis not just the hottest topic in theFinTechworld but also asought after technology in many industries. Ablockchainis a public ledger of all transactions in a given system that have ever been executed. It is constantly growing as completed blocks are added to it. The blocks are added to theblockchainin linear, chronological order through cryptography, ensuring they remain beyond the power of manipulators. Theblockchainthus stands as a tamper-proof record of all transactions on the network, accessible to all Continue reading >>
Bitcoin, Ethereum, Litecoin Technical Analysis: Comeback Trail
Bitcoin, Ethereum, Litecoin Technical Analysis: Comeback Trail February 16, 2018 By Richard Mora 3174Views 0Comments Bitcoin, Ethereum, and Litecoin are showing signs of price stability. After a strong retracement that commenced in mid-December following the strong run-up of the entire cryptocurrency market which saw Bitcoin hit its all-time high near $20,000 on December 17, 2017, the market seems to have finally found its bottom. The retracement has resulted in the entire market giving back most of the of the gains made during the run-up. Bitcoin, Ethereum, and Litecoin have been trading similarly up over the last 10-days, and the technical on all three are beginning to look promising for a reversal to the upside. On February 6th Bitcoin hit its local low of $6000.00 approaching a very critical support level of $5806.90. It has since been making higher highs on the daily chart almost every day since then, as can be seen in Chart #1 below. Bitcoin has broken above the downtrend line that has formed since its reversal at the all-time high, as seen in purple in Chart #1. Another notable technical indicator is the fact that Bitcoin is now trading above the 9-day moving average with all 4 data points of the daily bar above the moving average. Furthermore, the 9-day moving average is now on an upward trajectory. The next downward price swing will tell the tail. If the next downswing stays above $6000 before price turns upward, then a reversal may very well be in progress. As can be seen in Chart #2 below, the price action for Ethereum is almost an exact image of Bitcoin. Ethereum traded to a local low of $565.54, also on February 6, 2018. And just like Bitcoin, it has been trading up almost every day since. It also has broken through its downtrend line and is also trading a Continue reading >>
Analysis: A Significant Ethereum To Bitcoin Price Chart.
Analysis: A Significant Ethereum to Bitcoin Price Chart. Join our community of 10 000 traders on Hacked.com for just $39 per month. The following guest analysis article is written byTaki Tsaklanos, lead analyst at InvestingHaven. The price of Ethereum largely recovered from this weeks flash crash . Some call it a sell off in a secular bull market, others call it buying the dip. We call it: strong fundamentals, and by that we mean that the price surge is justified by demand driven dynamics. Because of that we stick to our long term Ethereum forecast of $1000 . Talking about fundamental strength in Ethereum, it is interesting to apply traditional relative strength ratios to cryptocurrencies. When analyzing traditional markets we look at the gold to silver ratio to identify which of the two is outperforming or to understand whether a bull market has started or ended. In stock markets the S&P 500 to Russell 2000 ratio is popular as a gauge of risk (the small cap Russell typically outpeformers when investors are in risk on mode). When it comes to cryptocurrencies the most popular way among analysts is to compare market caps. While that is a good indicator it is not the most valuable one in our view. What really is valuable as an indicator is the price ratio, for instance the Ethereum to the Bitcoin price ratio. The reason why we prefer this ratio above a market cap comparison is that, bottom line, whatever the market cap, all that matters is price. The point is that price reflects supply and demand factors; price is the point where supply and demand find equilibrium. The Ethereum to Bitcoin price ratio is shown on the following chart: This ratio reveals a very interesting insight. In March of this year, Ethereums relative strength moved to an all-time high right when it cro Continue reading >>
Eth Btc Ethereum To Bitcoin Price Chart Tradingview
Whats up traders, Here we have ETH/BTC on the 1H chart.Price recently had a down impulse leg, followed by a corrective leg. The corrective leg recently stalled at 0.5 Fibonacci retracement resistance, and price has since made lower lows.Price was correcting in a support channel structure, however the structure has recently broken and price began showing ... Continue reading >>
Cryptocurrency Charts: Levels To Watch In Ethereum, Bitcoin & Litecoin
Get daily market analysis from our in-house experts Choose from more than 25 webinars each week Put your questions to our experts in real-time Q&As Register now Want to hold off on improving your trading? Click here to dismiss. With your broad range of free expert guides, you'll explore: The basics of forex trading and how to develop your strategy Foundational knowledge to help you develop an edge in the market What's ahead for major FX pairs, Gold, Oil and more Download a Free Guide Want to hold off on improving your trading? Click here to dismiss. Cryptocurrency Charts: Levels to Watch in Ethereum, Bitcoin & Litecoin Price behavior analysis, short to intermediate-term trade set-ups. We may soon see the cryptocurrency space once again struggle as big cross-roads come into view. Ethereum is heading towards a trend-line off last months high, which may mark an important second lower-high. Bitcoin is also rallying into a noteworthy zone of resistance. Litecoin crossed one threshold, with attention now turned towards another important one. See how traders are positioned in Cryptocurrencies and what it might mean on the IG Client Sentiment page. Ethereum headed towards trend-line, may mark important 2nd lower-high In the short-term, there is support right around 900; it has held on several occasions in recent days. Looking higher, not far ahead is the trend-line running down off the high from last month. Depending on the timing it could be in confluence with a retest of the underside of the trend-line extending higher since November. The overall price pattern could be decidely bearish if we see a strong turn down soon, whether from current levels or the aforementioned resistance. A topping sequence marked by a 2nd lower high (3rd peak) with an already existing lower-low ear Continue reading >>
Bitcoin & Ethereum Are Building Explosive Short-term Chart Patterns
Bitcoin & Ethereum Are Building Explosive Short-term Chart Patterns January 26, 2018, 04:45:00 PM EDT By Paul Robinson, DailyFX Bitcoin near the apex of a triangle, sitting on big support Ethereum building a similar pattern, but not at quite the spot of importance as Bitcoin A big move in cryptocurrencies could be in store in days ahead Want to learn more about cryptocurrencies? Check out this guide, Introduction to Bitcoin Trading Bitcoin near the apex of a triangle, sitting on big support On Friday, the cryptocurrency market was sent lower by exchange-related news in Japan, but managed to rebound. The drop and rebound helped further along the development of a symmetrical triangle in Bitcoin (BTC/USD). The coiling price action is indicative of a potentially explosive move on the horizon. Triangles can break in either direction, which is why it is important to wait for the break, rather try and predict it, before becoming aggressively positioned. The development of the formation arrives at an interesting juncture. The trend-line from July has been broken on several occasions on an intra-day basis since the sharp reversal on Jan 17, but each time Bitcoin managed to close the day at or back above. Should we see a downside break unfold, it would not only constitute a breach of an important trend-line, but also occur in the direction of the trend off the December high, which could get Bitcoin really rolling downhill. As we noted earlier in the week, a change in character could be underway in the cryptocurrency market , where dips aren't bought as they once were. A downward break would confirm the notion that we are seeing an important shift in market psychology, and that the 'animal spirits' have been tamed. On an aggressive break, the 9222 level will become very important Continue reading >>
Bitcoin Vs. Ethereum
/ 9 Comments /in Digital Literacy /by Chris Castiglione Whats the difference between Bitcoin and Ethereum? First, its important to understand that there are two categories of digital coins:Cryptocurrencies (e.g. Bitcoin, Litecoin, Monero, ZCash, etc) andTokens(e.g. Ethereum, Filecoin, Storj, Blockstack, etc.) Bitcoin is a cryptocurrency. Bitcoin and other cryptocurrencies are competing against existing money (and gold) to replace them with a truly global currency. A global currency which allows individuals to own their own money (without having to rely on national banks). Lower fees for transferring money across geographic borders. Financial stability for people who live in countries with unstable currencies. (e.g. In 2016, the Venezuelas currency hit an inflation rate of 800%). In addition, two-thirds of the current global population has no access to banking, or limited access Bitcoin is changing that. Ethereum is a token.What Bitcoin does for money, Ethereum does for contracts. Ethereums innovation is that is allows you to write Smart Contracts: basically any digital agreement where you can say if this happens, then something else happens. For example: If I vote for the President, then my vote is official and no one else can vote as me. If I sign my name on this document, then I own the car, and you no longer own the car. Up until now weve carried out these agreements with a signature at the bottom of a paper document. Ethereum dramatically improves this model because it is digital, and proof of the transaction can never be deleted. Vitalik Buterin; Other co-founders include Gavin Wood and Joseph Lubin Deflationary (a finite # of bitcoin will be made) Inflationary (much like fiat currency, where more tokens can be made over time) 12.5 at the moment. Half at every 210 Continue reading >>
Understanding Bitcoin Price Charts
CoinDesk Launches 2017 Year in Review Opinion and Analysis Series Whether you already own bitcoin or plan to get some, sooner or later youll want to know how much the cryptocoins are worth when converted to your currency of choice . Later, you may want to know whether to hang onto your coins or to sell them hopefully making a little profit in the process. However, analyzing price charts and understanding trading terms from the financial world can be rather daunting, especially for the beginner. This guide serves as a useful primer of the basics. The best place to find out the latest price of bitcoin (currency symbol: BTC or XBT) is the exchange you bought them from ( Bitstamp , Bitfinex and BTC-e being the most popular exchanges at the moment), or Coindesks own Bitcoin Price Index . Knowing bitcoins current price is one thing, but pretty soon youll want to know where prices will go in the future. Forecasting price movements of anything traded at an exchange is a risky probabilities game nobody is right all the time. Many traders have lost lots of money, if not their life savings, into such attempts. The two main approaches to predicting price development are called fundamental analysis and technical analysis . While fundamental analysis examines the underlying forces of an economy, a company or a security, technical analysis attempts to forecast the direction of prices based on past market data, primarily historical prices and volumes found on price charts. To perform technical analysis on bitcoin price and volume history, youll need bitcoin price charts that display data in a more readable manner than just plain number tables. Good places to start are the charts on Coindesks Bitcoin Price Index . The most basic type of price chart displays prices as a line: Closing pr Continue reading >>
Bitcoin Vs Ethereum: Where To Invest In The Next 10 Years?
Sep 1, 2017 517 0 Comments By: April Rosialda Cryptos are reaching new heights! During Bitcoins early years, people had been very skeptical to Bitcoins real purpose and Sep 1, 2017 422 0 Comments By: April Rosialda Bitcoin is still rising! Bitcoin is truly unstoppable! It continues to break its records over and over! Despite the Sep 1, 2017 624 0 Comments By: April Rosialda Are you looking for a good investment? Things have finally changed, but no worries because this is a good Sep 1, 2017 330 0 Comments By: April Rosialda This crypto is saving lives! Hurricane Harveyis atropical cyclonethat is causing unprecedented and catastrophicfloodingin southeasternTexas. The hurricane is one Jul 24, 2017 7008 0 Comments By: April Rosialda Is this crypto the next big thing? Recently, Apple has just announced that users can now use Dash in Home Features Bitcoin vs Ethereum: Where to Invest in the Next 10 Years? Bitcoin vs Ethereum: Where to Invest in the Next 10 Years? Should Investors Choose BetweenBitcoin vs Ethereum? According to Bitcoin.com,Bitcoin is different thanthe other currencies youve used before. Unlike government issued money, that can be inflated at will, the supply of bitcoin is mathematically limited to twenty one million bitcoins, and that can never be changed. It is impossible to counterfeit or inflate. You can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets cant be frozen. Meanwhile, according to Ethereum.org, Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Itenables developers to create markets, store reg Continue reading >>