Adsense

Monday, August 13, 2018

Bitcoin (BTC) Daily Price Forecast – August 13


BTC/USD Medium-term Trend: Ranging
Resistance Levels: $6,500, $6,600, $6,700
Support levels: $6,100, $6,000, $5,900
Last week the overall trend of Bitcoin was bearish. The price of Bitcoin was above the $7,000 price level. The bears broke the $7,000 price level and were approaching the $6,000 price level. The assumption last week was that price is not likely to break the support level at $6,000. One of the reasons is that the level had not been broken since November 2017. On August 11, price tested the level at a price of $6,081.80 and pulled back.
Today, the BTC price is in a bullish trend at a price of $6,462.78 as at the time of writing. The BTC price is getting stronger as the bears were to defend the $6,000 price level. Traders are looking out for buy setups to initiate long trades. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 54 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.


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         

Sunday, August 12, 2018

Weekly Trading Forecasts for Major Pairs (August 13 - 17, 2018)


   Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
After consolidating in the months of June and July, 2018, the market has resumed its bearish journey, which it started in April 2018. Last week, price dropped roughly 200 pips, and it has dropped more than 1000 pips since April. This is a bear market and there is still a possibility of price going further downwards, reaching the support lines at 1.1400, 1.1350 and 1.1300. However, the further the market goes south, the higher the probability of a strong reversal.  


USDCHF
Dominant bias: Neutral
It is interesting that the bias on USDCHF remains neutral, just as it was last week. The neutrality in the market has been existing since June 2018. Normally, USDCHF should go upwards as EURUSD goes south, but the former has chosen to remain neutral as the latter goes south, hence showing the bulls’ apathy. Should EURUSD skyrocket (something that will eventually happen) there would be a smooth bearish movement on USDCHF.

GBPUSD
Dominant bias: Bearish
Last week, Cable shed close to 250 pips. In this month of August, Cable has shed roughly 350 pips and it has shed at least, 1600 pips since April 17, 2018. There is a Bearish Confirmation Pattern in the market, which points to the possibility of further bearish movements, as price targets the accumulation territories at 1.2750, 1.2700 and 1.2650. While price could reach these targets, it may not be able to go significantly below them.  


USDJPY
Dominant bias: Bearish
Unlike EURJPY and GBPJPY, USDJPY did not go significantly lower last week. One reason for this is that, USD is strong in its own right, and until it loses a considerable amount of stamina, a major slide versus JPY may not be expected. Nonetheless, there is already a “sell” signal in the market, and the signal may become more significant as price goes southwards, towards the demand levels at 110.50, 110.00 and 109.50.

EURJPY
Dominant bias: Bearish
This currency trading instrument went downwards by at least, 270 pips last week. Price tested the demand zone at 126.00 on Friday, and then closed slightly above the demand zone at 126.50. All this is happening according to the general bearish expectations on certain JPY pairs in the month of August; therefore the major target for the month is the low of May, which is the demand zone at 125.00. The instrument ought to remain bearish this week.

GBPJPY
Dominant bias: Bearish
This cross dropped by 350 pips last week. It has dropped close to 600 pips this month, and roughly 800 pips since July 16. There is a Bearish Confirmation Pattern in the market, which signals further downwards movement, especially for this week. Thus, a bearish target of at least, 200 pips is anticipated. But that does not rule out probabilities of occasional rallies, which should be transient in nature.

This forecast is concluded with the quote below:

“The less the trade becomes about us and the more about our rules and trading plan, the more we have steered ourselves towards achieving success in the markets on a consistent basis.” – Sam Evans




  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng





Friday, August 10, 2018

Sell NETELLER @N340/$ - Offer Expires August 20, 2018



Hello Traders:

Make Money Now. Sell NETELLER @N340/$ - Offer Expires August 20, 2018

Eid al-Adha (or Eid-el-Kabir) is fast approaching and we know that traders need money to celebrate. Even those who are not Muslims need money during and after the holidays.

Therefore, we offer you the chance to sell Neteller at N340/$ if you have an Access Bank account. If you don’t have an Access Bank account, you can sell at N335/$. All these are our VIP rates.

This offer is available for our verified customers only. If you want to get verified, please go to Instantforex.com.ng and click on “sign up” at the top side of the website.  



If you have at least, 3000 USD Neteller to sell, please contact us for verification short-cut.

If you sell below 100 USD per transaction, you do not qualify for this promo. The minimum we sell or buy is 20 USD per transaction.

Make Money Now
Our normal price is N320/$ (or N322/$ for Access Bank customers), and there are even exchangers who buy Neteller for as low as N300/$ or less. Tell sellers they can now sell Neteller to us at N340/$.

Do you know those who have abundance of Neteller? Do you know those who sell only at low rates? You can ask them to send Neteller to your wallet, and you can transfer from your wallet to us. Then you will pocket the difference as your profits.

As our customers know, we pay faster than other exchangers.

To fund and withdraw with Neteller, please visit: www.instantforex.com.ng





Thursday, August 9, 2018

Ethereum (ETH) Daily Price Forecast – August 9


ETH/USD Medium-term Trend: Bearish
Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330
Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows of  either $326.42 and $283. Traders are to look out for buy setups in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 21 which indicates that the market is -oversold suggesting bulls to take control of the market.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Monday, August 6, 2018

Litecoin (LTC) Daily Price Forecast – August 6


LTC/USD Medium-term Trend: Bullish
Resistance Levels: $75, $76, $77
Support Levels: $70, $69, $68

Last week, the price of Litecoin was in a sideways trend fluctuating between the levels $91 and $74. On August 4th, the LTC price broke the support level at $74. LTC price is out of the range-bound zone. Today, the LTC price has fallen to the low of $72.88 and had commenced a bullish movement. The cryptocurrency is now targeting the previous high of $91.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that a bearish trend is ongoing. The relative strength index period 14 is level 47 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy 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.