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PRICE ANALYSIS: BITCOIN |

April 14, 2018 Trade Analysis by CryptoPress

PRICE ANALYSIS: BITCOIN
April 11, 2018
Bitcoin price has been straddling the $6600 – $7000 range
for the past week. The market seems to be in consolidation. Its 67% correction
since $20k has left most bruised, bloodied, and broken.
Many reasons can be attributed to this, but more recent news
involving George Soros and Rockefeller may be most prevalent at this time. The
institutional money is here, and it’s bringing high frequency trading
algorithms with it.
This may seem bullish for the overall future of Bitcoin, but
make no mistake, this is bad news for retail investors. Regardless, let’s take
a look at the BTC/ USD chart for Coinbase.
Bull Case
Unless…

PRICE ANALYSIS: ETHEREUM | April 3, 2018

April 4, 2018 Trade Analysis by CryptoPress

Bull case:
Our target is the $493 – $530 range, but this seems
unlikely. Technical analysis doesn’t support this claim, all indicators are
pointing towards a bearish future. The only bullish sign is the fact that the
Tenkan-Sen happens to be at this trading range. Meaning we are currently in
oversold territory, so people may want to bring price back to equilibrium
before heading down again.
Bear case:
Stochastic RSI seems to confirm the continuation of the down
trend. Although it isn’t a very strong signal, short term momentum is pointing
downward, which supports this bearish view. Also, the Lagging-Span indicator
shows that past price is not in trading range….

PRICE ANALYSIS: BITCOIN | April 3, 2018

April 4, 2018 Trade Analysis by CryptoPress

Bull case:
Stochastic RSI shows a bullish divergence, meaning price is
set to pivot upwards towards $7800 resistance. If we are able to break this
resistance level, it’s likely that price may reach the Kijun-Sen at $8800. We
have already tested the Kijun-Sen four times since late February, it seems
likely that we will again sooner rather than later. Stop-loss can be set at
your own discretion.