FX Fatcat

Bitcoin (BTC) Daily Price Forecast – August 13

lundi 13 août 2018

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

Bitcoin (BTC) Daily Price Forecast – August 13

Why a risk reward ratio is best for Forex Trading?

lundi 13 août 2018

Consistency is key when it comes to any style of forex trading. Maintaining a proper risk to reward ratio is critical. Most people suggest a 2:1 risk reward ratio, but in reality a properly executed 1:1 risk reward ratio makes more sense. You can read about this here: https://www.timelinx.org/blog/why-a-...-forex-trading

Why a risk reward ratio is best for Forex Trading?

EURUSD: Bearish, Targets Further Downside

dimanche 12 août 2018

EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure

EURUSD: Bearish, Targets Further Downside

Ethereum (ETH) Daily Price Forecast – August 9

jeudi 9 août 2018

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.

Source: www.bitcoinexchangeguide.com

Ethereum (ETH) Daily Price Forecast – August 9

Litecoin (LTC) Daily Price Forecast – August 6

lundi 6 août 2018

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.

Litecoin (LTC) Daily Price Forecast – August 6

EURUSD: Bearish, Retains Downside Pressure

dimanche 5 août 2018

EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure

EURUSD: Bearish, Retains Downside Pressure

Bitcoin (BTC) Daily Price Forecast – August 2

jeudi 2 août 2018

BTC/USD Medium-term Trend: Bearish

Resistance levels: $7,700, $7,800, $7,900
Support levels: $7,500, $7,400, $7,300

Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, the MACD line and the signal line are below the zero line which indicates a sell signal.

Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the support level of the market. The BTC price is making a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a 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

Bitcoin (BTC) Daily Price Forecast – August 2

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