Trade Coin and Currency News

The trading idea is based on a breakout signal above the downtrend line and the local swing high. If the price moves above 7800.00 level, it will be a signal that the market is going to continue the uptrend. In order to catch this price movement, pending orders for buy should be placed at the 7810.00 level with stop orders at 7380.00 . Profit targets are 8200.00 and 8500.00 levels. If the market bounces from the downtrend line and moves lower, we’ll have to use a new swing high for placing buy orders. And it will be a new trading opportunity. I f you don’t use leverage, trading volume for this trade is up to 10% of your deposit.  Market: BTCUSD Buy: 7810.00 Stop: 7380.00 Profit Targets: 8200.00 and 8500.00 The trading signal is based on Poloniex chart.

Bitcoin’s swift recovery was the main topic of the week, as the most valuable coin not just regained its steep losses, but hit a marginal new high towards the end of the period. The entire segment is experiencing capital inflows as the total value of the coins climbed above $230 billion for the first time ever after finally leaving the vicinity of the $200 billion mark. BTC breached the $8000 level before turning slightly lower on Friday, but despite the severely overbought daily chart, it is still trading near its all-time highs. As the long-term picture still suggests a deeper correction, investors should wait with opening new positions and traders should also control position sizes here. Key support levels are found at $7700, $7000, and $6700, while the recent key break-out level at $5000 still hasn’t been re-tested. BTC/USD, Daily Chart Analysis Dash is still the most bullish altcoin from a technical standpoint, despite this week’s short-term correction, as the

The Lightning Network brought to Bitcoin with Segwit enables users to instantly exchange Bitcoin for Litecoin and vice versa. The first ever transaction between the two coins has now happened. Segwit (short for Segregated Witness) brought with it many new exciting features for Bitcoin when it was implemented in August this year, not least of them atomic swaps and the Lightning Network. The Lightning Network is an off chain network, that can, among other things, help reduce the load on the main Bitcoin blockchain. Billions of transactions can theoretically be made instantly through the application of smart contracts. Transfers are made with other parties with a 10-day lock-in period, allowing the exchange to either occur between the two parties or have them cancel and be refunded. The first swap can be seen taking place on the YouTube video below. it was released yesterday by Lightning Labs who devised the code. SEGWIT AND ITS PROGRESS Are there downsides to any of this? N

This is a long term trade. The price broke the downtrend line. It give us a new buy signal. The market is going to move upward and we can try to join this movement. MACD supports upward movement. We can place pending orders for buy at 340.00 level with stop orders at 280.00 level. The main profit target should be at 400.00 level. If the market can pass through this resistance, it will be a good signal of further upward movement to the new highs. The 2nd profit target can be at 450.00 level. If you don’t like risk/reward ratio and you are not sure in strong uptrend, it’s better to skip this trading signal and wait for a new trading opportunity. I f you don’t use leverage, trading volume for this trade is up to 10% from your deposit.  Market: ETHUSD Buy: 340.00 Stop: 280.00 Profit Targets: 400.00 and 450.00 The trading signal is based on Poloniex chart. Disclaimer: The analyst are some invested in Ethereum.

The price came back above the support zone. We can consider that the market could not break this zone and stay below. We should be ready to see a new wave of upward movement. RSI confirms price reversal and MACD shows that the market is going to move upward. DMI allows opening long trades. It gives us buy opportunity. Entry level should be at 6400.00 with stop orders at 5560.00 level. Profit targets are based on round numbers such as 7000.00 and 7500.00 levels. The part of trade volume can be left for long run. Using stop orders is strongly recommended. I f you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.  Market: BTCUSD Buy: 6400.00 Stop: 5560.00 Profit Targets:  7000.00 and  7500.00 The trading signal is based on Poloniex chart.

The price bounces from the support zone formed by SMA50 and the uptrend line. RSI confirms price reversal and MACD histogram is going to support further upward movement. If the price moves above 16.00 resistance level, we’ll get an additional confirmation that the market is going to reach the previous highs. Pending orders for buy can be placed at 16.50 level with stop at 13.80 level. Profit targets are 20.00 and 22.00 levels. I f you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.  Market: ETCUSD Buy: 16.50 Stop: 13.80 Profit Targets: 20.00 and 22.00

The market is going to break out from the horizontal channel and start a new upward movement. DMI confirms trend market conditions and the power of buyers. MACD supports upward movement. Pending orders for buy can be placed above the up border of the price channel. It’s 0.215000 level. Stop orders must be placed below the uptrend line and the nearest swing low at 0.195000 level. Profit targets are 0.260000 and 0.300000 resistance levels. I f you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.  Market: XRPUSD Buy: 0.215000 Stop: 0.195000 Profit Targets:  0.260000 and  0.300000 The trading signal is based on Poloniex chart.

After movement in the range, the market is going to break 100.00 resistance level and move upward. MACD supports such movement. ADX line rises and confirms that bulls become stronger. We should expect for further upward movement to the high at 150.00 level. Pending orders for buy should be placed above of the high of the previous bearish candle, it’s 105.00 level. Stop orders must be placed below the local swing low at 78.00 level. Profit targets are 125.00 and 150.00 levels. I f you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.  Market: XMRUSD Buy: 105.00 Stop: 78.00 Profit Targets:  125.00 and  150.00 The trading signal is based on Poloniex chart.

  Altcoins are in the center of attention today, both in positive and negative ways. Ethereum’s scary client bug caused a sell-off in the second largest coin in the second half of the session, while the rally in Litecoin, Dash, and IOTA kept traders excited beforehand, although Ethereum Classic entered a correction after its strong break-out, while Monero is still hovering around the crucial $100 resistance. Litecoin had a great session, as it surged past the $56 level and traded above the $60 price zone for the first time since mid-October. The technical picture remains bullish on the currency on all time-frames, with a likely test of the $64 level in the coming days, and with the next target at $75. Support below $56 is found at $53 and $51, with another key level near $44. LTC/USD, 4-Hour Chart Analysis Bitcoin BTC/USD, Daily Chart Analysis Bitcoin briefly dipped below $7000 again today, but the coin bounced back above the key level, still not confirm

After the recent surge in Bitcoin reached a euphoric phase, triggering both short and long-term sell signals, the coin finally rolled over today, and quickly fell to $7000 from its all-time high just above the $7500 level. Altcoins haven’t followed the most valuable coin for now as the negative correlation of the majors with BTC remained intact. Bitcoin is still severely overbought from an investment perspective, and while the short-term rising trend is intact, a possible head and shoulders pattern is forming on the 4-hour chart, which could be first the phase of a deeper correction, with an initial target of $6700. Support levels are still found at $6700, $6000, $5800, and $5400. We advise both traders and investors to wait with opening new positions in Bitcoin. BTC/USD, 4-Hour Chart Analysis Ethereum Classic followed through on its break-out, as we expected, and it surged past the key $13.50 level, while Monero also moved sharply higher to test the $100 resistance