Cryptocurrency Trade Ideas and Latest News

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Ardor VS Bitcoin- Time To Buy?

Ardor reached the high at 15.2k satoshi after a strong rally resulting in a 490% growth against the Bitcoin. But then a strong corrective move followed where Ardor lost 50%. The correction was stopped at the 61.8% Fibonacci retracement level.

In addition, this support is confirmed by 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. And finally the 4/1 Gann Fan trendline has also been rejected, together with the 200 Moving Average.

Clearly, there is a massive support at 7.3k satoshi and it is being rejected, suggesting that ARDR/BTC could be ready to continue the uptrend.

However, the risk of further decline is always there, and in case support is broken Ardor could drop to 4.4k satoshi support, but at this point, it seems an unlikely scenario.

Source: http://cryptopost.com/ardor-vs-bitcion-time-to-buy/

 

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Metaverse – Sky Is Not The Limit

Metaverse is one of the newer coins that holds great potential. Currently, it can be traded on Bitfinex, RightBTC, HitBtc and few other exchanges but potentially could be adopted by most major exchanges in the nearest future.

The price remains very cheap in relation to the “starting price”, which is $2.5 for 1 Metaverse coin. ETP/USD has been ranging between $2 and $6 for the past 4 months, but as of lately it showing the potential for the rise.

Metaverse broke above the descending channel, going up to $6.2. On a corrective wave down price went down and was stopped at 61.8% Fibonacci retracement level and the 4/1 Gann Fan trendline, both of which have been rejected. Then price broke above the downtrend trendline and yet again corrected back to 61.8% Fibs at $2.4.

It seems like a very interesting timing for Metaverse as it could be the starting point for a long-term uptrend. The very first upside target is seen at $12-13 area. If it manages to break above, much bigger growth potential should present itself. On a downside, break and close $1 support could invalidate bullish outlook.

Source: http://cryptopost.com/metaverse-sky-is-not-the-limit/

 

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Bitcoin Could Have Reached The Bottom

It seems that Bitcoin has finally found the bottom after losing 62% from the all-time high. Fibonacci applied to the breakout of the ascending channel shows that price has reached the final downside target at 0% Fibs at $7555 and rejected it cleanly.

In addition, Fibonacci applied to the corrective wave up after breaking the uptrend trendline shows that the very same price level is at 561.8% retracement. Today Bitcoin rejected the lower trendline of the descending channel, not to mention that on a Daily chart price is rejecting the 200 Moving Average.

And finally, price rejected the 2/1 Gann Fann trendline has acted as a support. Therefore, all the facts so far are in favor of the potential uptrend continuation and pointing out to the end of the correction.

Source: http://cryptopost.com/bitcoin-could-have-reached-the-bottom/

 

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Ardor Probability Of Reversal

Ardor went all the way down to the 5k satoshi level from the 15k satoshi high, losing almost 70% to the Bitcoin in just one month. The support at 7.3k satoshi was broken together with the Gann Fan trendline and price went lower, to test the next support at 5k satoshi.

This is a very strong support are, ie 4.5-5k satosi, that is a 227.2% Fibonacci retracement level of the corrective wave up after breaking the uptrend trendline. It also confirmed by the 8/1 Gann Fan trendline. And finally, the 200 Moving Average on a Daily chart, that hasn’t proved to be broken as Day has to close below 5k sats.

Considering that RSI oscillator showing the oversold market condition it is likely that Ardor is at the bottom of the correction and could start rising from this point. At the same time 5k satoshi support must be watched for a break and close below, it this case Ardor could go lower.

Source: http://cryptopost.com/ardor-probability-of-reversal/

 

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Zencash VS Bitcoin Approaching Key Resistance

Following the previous idea on ZenCash, the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first.

The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will manage to break above, the price could go as high as btc 0.01.

On a downside note, break and close below btc 0.0033 could send price lower, back to the next support at btc 0.0025, but it still should not invalidate bullish outlook.

Source: http://cryptopost.com/zencash-vs-bitcoin-approaching-key-resistance/

 

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Top 5 Coins With Strongest Recovery Recently

On the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction?

Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners.

INTERNET OF PEOPLE (50% Recovery against the Bitcoin)
FUNFAIR (43% Recovery against the Bitcoin)
DECENTRALAND (37% Recovery against the Bitcoin)
POWER LEDGER (34% Recovery against the Bitcoin)
GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)

Source: http://cryptopost.com/top-5-coins-with-strongest-recovery-recently/

 

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Incent VS Bitcoin Buying Opportunity

Since January the 1st Incent has been correcting downwards for the all-time high at 7.7k satoshi, down to the 2.6k satoshi, losing 65% to the Bitcoin. From 2.6k price went up to the 3.4k satoshi resistance while forming a bullish divergence on the RSI oscillator.

Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken. This resistance level is inline with the inverted head and shoulders neckline trendline. On the breakout, the H and S pattern should be completed by sending price back to the 5.4k satoshi resistance, that previously was rejected several times.

Break above the resistance should establish a longer-term uptrend sending price much higher. On a downside, the support in at 2.4k satoshi and only break and close below could invalidate bullish outlook.

Source: http://cryptopost.com/incent-vs-bitcoin-buying-opportunity/

 

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Incent Approaching Key Resistance

Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average.

Clearly, the short-term trend is upwards and Incent is yet to test the key resistance at $0.38. This is the 23.6% Fibonacci retracement level applied through the all-time high. When/if it will be reached the Head and Shoulders pattern will be completed.

The most important will be the reaction of the market after the target is reached. Break above should confirm the long-term growth while rejection could result in a corrective move down.

Source: http://cryptopost.com/incent-approaching-key-resistance/

 

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Comparison of Bitcoin Major Corrections

The Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let’s try to compare the past two correctional moves down with the current one.

The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.

First Correction

The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days.

Second Correction

The next strong correction was not too far away and happened during 2014 – 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days!

Third (Current) Correction

With the latest move down, Bitcoin has corrected down by almost 70%, during a relatively very short period of time, only 51 days.

The Conclusion

All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000.

Source: http://cryptopost.com/comparison-of-bitcoin-major-corrections/

 

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Shift Bottomed Out?

Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017.

The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch:

61.8% Fibs ($5.3)
50.0% Fibs ($6.8)
38.2% Fibs ($8.3)

Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook.

Source: http://cryptopost.com/shift-bottomed-out/

 

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Metaverse ETP – Great Opportunity Of 2018?

Metaverse is a relatively new coin although with a great concept and team behind it. It is always questionable if the project will become the reality, but if Metaverse team will be able to accomplish their goal, ETP could be one of the best investment opportunities in 2018.

The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

The rejection was very clean and price started to move upwards breaking above the downtrend trendline. This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge.

Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the descending channel. Next resistance is at $8.8, which corresponds to the 161.8% Fibonacci retracement level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel.

These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate bullish outlook and extend the consolidation period.

Source: http://cryptopost.com/metaverse-etp-great-opportunity-of-2018/

 

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DigiByte VS Bitcoin Signs of Reversal

DidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up.

After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs.

First resistance: 600 Satoshi

Second resistance: 770 Satoshi

Third resistance: 830 Satoshi.

If the price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook.

Source: http://cryptopost.com/digibyte-vs-bitcoin-signs-of-reversal/

 

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Bitcoin Price Development

Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately.

The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels.

On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario.

Source: http://cryptopost.com/bitcoin-price-development/

 

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BitBean Change In Trend

On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.

Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.

On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.

Source: http://cryptopost.com/bitbean-change-in-trend/

 

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EuropeCoin Could Double in Value

EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.

After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.

On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.

Source: http://cryptopost.com/europecoin-could-double-in-value/

 

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Factom to the New All-Time High

Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.

Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers.

The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook.

Source: http://cryptopost.com/factom-to-the-new-all-time-high/

 

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Ripple VS Bitcoin Uptrend After Consolidation

Ripple has produced a double top near 22k satoshi and corrected down, to 10k satoshis area where it found the support. The support is at 61.8% Fibonacci retracement level, where price spiked below but failed to break it with confidence.

Currently, XRP/BTC is forming a triangle pattern, which could lean in the uptrend continuation. Although the consolidation could be extended, while price will remain within the triangle.

Break and close above the downtrend trendline should confirm bullish intentions of the Ripple, sending the price up to 30k satoshis area, at 127.2% Fibonacci retracement level.

On a downside, break and close below the uptrend trendline might result in a wave down towards 76.4% Fibs, at 6.3k satoshis, where buying opportunity could be even more attractive.

Source: http://cryptopost.com/ripple-vs-bitcoin-uptrend-after-consolidation/

 

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NAVCoin Waiting Time

Currently, NAVCoin found the support at $1.58, which is 50% Fibonacci retracement level. The support was rejected cleanly and the price went slightly up, although failed to break above the downtrend trendline.

The consolidation is still in play and price could continue to trade between $1.58 support and $1.93 resistance. Break above or below should determine the further direction of the NAV/USD. Break above the resistance should send the price up to $3.3 area, while a break below the support could extend the downtrend, pushing price lower towards $0.54 support, that is 127.2% Fibs.

Source: http://cryptopost.com/navcoin-waiting-time/

 

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VeChain At The Key Support

VeChain has reached the all-time high at $9.6, after which it corrected down to $2.6, losing 73% to the USD. Price failed to break with confidence below 61.8% Fibonacci retracement levels at $3.8 and below the 3/1 Gann Fan trendline, although it produced spikes lower.

After reaching the low at $2.6, VeChain recovered reaching the $7.1, and managed to break above the 61.8% Fibonacci retracement level, suggesting the validity of the uptrend. But now, VEN/USD is trading at the key support area, and the daily close below $4.7 would confirm the support and the Gann Fann trendline breakout. In this case, the price is likely to move down once again towards either $3.8, $2.4 or $1.27 support levels.

However if VeChain will avoid daily close below $4.7, the price could continue moving higher and potentially hit the $10 psychological resistance level. In any case, the major trend is up, but the risk of further correction down remains.

Source: http://cryptopost.com/syscoin-should-move-up-150/

 

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OmiseGo VS Bitcoin – A Perfect Buying Opportunity?

Clearly, OmiseGo trend is up, while it continues to produce higher highs and higher lows, not to mention that price stays above the 200 Moving Average. While the trend up is valid it is just a matter of searching for a perfect buying opportunity.

Is it possible that today is the day? The opportunity day? Well, it certainly could be!

OmiseGo has reached the high at btc 0.0019 and corrected back to btc 0.0016 where currently it is facing a very strong resistance.

The lower trendline of the ascending channel is being rejected.
The 3/1 Gann Fan is being rejected.
The 38.2% Fibonacci retracement level is being rejected
The 200 Movin Average is being rejected

The support at the btc 0.0016 is massive and if OmiseGo will hold this area, the probability of the uptrend continuation shall be extremely high. Although it could be better to way for a confirmation – break above the downtrend trendline.

On a downside, break and close below btc 0.0016 might result in further correction down towards 76.4% Fibs at btc 0.0013, from where the long-term uptrend is expected to continue.

Source: http://cryptopost.com/omisego-vs-bitcoin-a-perfect-buying-opportunity/