Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
+ Reply to Thread
Page 14 of 14 FirstFirst ... 4 12 13 14
Results 131 to 138 of 138

Thread: Bitcoin currency discussion

  1. #131
    My pips hand is weak
    ----
     
    Nasatube is an unknown quantity at this point Nasatube's Avatar
    Join Date
    Nov 2017
    Posts
    180
    Accumulated bonus
    248.01 USD
    Thanks
    1
    Thanked 5 Times in 5 Posts

    Bitcoin analysis for May 01, 2018.

    The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.828. The Japanese financial regulator has confirmed that so far eight companies have expressed the intention to withdraw their applications to operate cryptocurrency exchanges. Meanwhile, about 100 more companies are seeking to enter the market. The technical picture on Bitcoin looks bearish.

    Trading recommendations:

    According to the H4 time - frame, I found that price broke a rising wedge in the background, which is a sign that sellers are in control. I also found that price is trading inside of the downwrad channel and my advice is to watch for potential selling opportunities. The downward targets are set at the price of $8.616 and at the price of $8.322.

    Support/Resistance

    $9.000 Intraday resistance

    $8.810 Intraday support

    $8.616 Objective target 1

    $8.322 Objective target 2

    With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

    *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


  2. Fb
  3. #132
    Forex in the blood
    ----
     
    sweetfriends is on a distinguished road sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    389
    Accumulated bonus
    429.80 USD
    Thanks
    3
    Thanked 34 Times in 32 Posts

    Bitcoin Bulls Seek Breakout to $10K or Higher

    Bitcoin (BTC) has been trading in a narrowing price range over the past week, but a bullish breakout is looking likely, the technical charts suggest.

    The cryptocurrency created a bearish outside-day candle last Wednesday, signaling the rally from the low of $6,425 had run out of steam. However, the bitcoin bulls ensured there was no negative follow-through on Thursday and defended $8,800 over the weekend.

    While a convincing break above $9,500 has remained elusive so far, the charts suggest the bulls have the stronger hand going forward.

    The chart above shows that bitcoin is trading in a narrowing price range with higher lows and lower highs, forming a bull pennant pattern.

    A bullish breakout would mean the rally from the low of $6,425 has resumed and could open the doors to $12,000 (target as per the measured height method - i.e. length of the flagpole added to breakout price).

    While that target looks a little far-fetched, BTC could rally to $10,000 on confirmation of a bull-pennant breakout (4-hour close above pennant resistance of $9,400).

    On the other hand, a downside break would add credence to last Wednesday's bearish outside-day candle and could yield a pullback to $8,490 (38.2 percent Fibonacci retracement of the rally from $6,425 to $9,767.4).

    That said, the odds of a bull-pennant breakout are high as indicated by the price action in the daily chart below.

    The bears failed to capitalize on bullish exhaustion last week, as indicated by the bearish outside-day candle. This is evident from the lack of bearish follow-through on Thursday and higher lows pattern - $8,652 (April 26 low), $8,750 (April 28 low) and $8,818 (May 1 low).

    Further, the gradually ascending 5-day moving average (MA) and 10-day MA continue to favor the bulls.

    As of writing, BTC is changing hands at $9,120 on Bitfinex, representing marginal gains compared to the previous day's close (as per UTC) of $9,066.

  4. #133
    My pips hand is weak
    ----
     
    Nasatube is an unknown quantity at this point Nasatube's Avatar
    Join Date
    Nov 2017
    Posts
    180
    Accumulated bonus
    248.01 USD
    Thanks
    1
    Thanked 5 Times in 5 Posts

    Bitcoin analysis for May 03, 2018.


    The Bitcoin (BTC) has been trading Upwards. The price tested the level of $9.241. Goldman Sachs is reportedly launching a bitcoin trading operation where it will trade bitcoin futures contracts on behalf of clients using its own money, starting as early as the next few weeks. The Wall Street investment firm will also offer its own bitcoin futures product to clients. Technical picture on Bitcoin looks bearish.

    Trading recommendations:

    According to the H1 time - frame, I found that price successfully tested the major supply trendline in the background, which is a sign that buying looks risky. According to the structure, I expect a downward wave and potential testing of $8.786, Anyway, watch for a valid breakout and successful re-test of the upward channel before you start your potential sell positions.

    Support/Resistance

    $9.242 Intraday resistance

    $9.123 Intraday support

    $8.786 Objective target

    With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

    *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  5. #134
    Forex in the blood
    ----
     
    sweetfriends is on a distinguished road sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    389
    Accumulated bonus
    429.80 USD
    Thanks
    3
    Thanked 34 Times in 32 Posts

    BITCOIN Analysis for May 4, 2018.

    Bitcoin has been quite impulsive with the bullish gains recently. Yesterday, the price approached the psychological level of $10,000. Currently the price is residing above $9,600 area from where it is expected to reach $10,000 area. Later if it breaks above $10,000 with a daily close, further bullish pressure is expected to push the price higher towards $11,500 area in short term. The recent positive fundamentals on the upgrade of the Bitcoin network, transaction speed, and lower transaction cost have helped Bitcoin to regain some momentum and attract more market participants. As for the current scenario, the price is being carried by the dynamic levels of 20 EMA, Tenkan and Kijun sen which is expected to push the price much higher in the coming days. Though certain Bearish Divergence is in progress, the bullish bias is still quite intact as the price remains above $8,500 area with a daily close.


  6. The Following User Says Thank You to sweetfriends For This Useful Post:

    Unregistered (1 )

  7. #135
    Forex in the blood
    ----
     
    sweetfriends is on a distinguished road sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    389
    Accumulated bonus
    429.80 USD
    Thanks
    3
    Thanked 34 Times in 32 Posts

    Bitcoin analysis for May 15, 2018.

    The Bitcoin (BTC) has been trading sideways at the price of $8.683. Popular crypto payment processor, Bitpay, announced a formal agreement with Florida's Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core (BTC) and bitcoin cash (BCH) can now both be used for tax payments, beginning this summer. County residents can pay in cryptocurrencies for driver licenses, ID cards, and even property taxes. The tTechnical picture on Bitcoin looks neutral to bearish.

    rading recommendations:

    According to the H1 time - frame, I found that Bitcoin is trading in the consolidation zone (channel). I also found rejection of the upper diagonal and a bearish flag in creation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if you see a valid breakout of the bearish flag. The downward targets are set at the price of $8.500 and at the price of $8.356

    Support/Resistance

    $8.760 Intraday resistance

    $8.570 Intraday support

    $8.503 Objective target

    1 $8.356 Objective target 2

    With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

    *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


  8. The Following User Says Thank You to sweetfriends For This Useful Post:

    Unregistered (1 )

  9. #136
    Where am I?
    ----
     
    GeorgeFowell is an unknown quantity at this point GeorgeFowell's Avatar
    Join Date
    Feb 2018
    Location
    Australia
    Gender:
    Male
    Posts
    2
    Accumulated bonus
    0.30 USD
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I never thought of all those things and here I am getting knowledge of everything, that's the great thing. Especially bitcoins are new in the market so we have to gain as knowledge as possible and here I have got to know about lots of things.

  10. #137
    My pips hand is weak
    ----
     
    Nasatube is an unknown quantity at this point Nasatube's Avatar
    Join Date
    Nov 2017
    Posts
    180
    Accumulated bonus
    248.01 USD
    Thanks
    1
    Thanked 5 Times in 5 Posts

    BITCOIN Analysis for May 16, 2018.

    Bitcoin has been ranging between the support area of $8,000 to $8,500 for a while now where the bullish bias still exists in the market. After the recent rejection of the bears off the $8,500 area, there were certain possibilities that the price will be proceeding higher towards $10,000, but at the next day, the price collapsed below it with a daily close. As there was no major fundamental to accelerate the bullish gains in Bitcoin, NASDAQ took interest in Bitcoin which is expected to strengthen the gains in the coming days. As of the current scenario, the price is still being held by the Kumo Cloud quite well above the $8,000 area which is expected to push higher once it clears above $9,000 with a daily close. As the price remains above the $8,000 area, further bullish pressure is expected in Bitcoin in future.



    ---------- Post added 05-17-2018 at 01:14 PM ---------- Previous post was 05-16-2018 at 03:33 PM ----------

    The State Duma of the Russian Federation will support the first reading of the initiative, which will add the basic norms of the digital economy to the civil code of the Russian Federation. This is the latest step on the way to introducing cryptocurrencies in the country, informs local press service.

    "The initiative aims to minimize the existing risks associated with the use of digital objects to transfer assets to an unregulated digital environment to legalize criminal income, bankruptcy or sponsorship of terrorist groups" - said Pavel Krasheninnikov from the United Russia political party and head of the legislative work commission. The initiative to be considered next week does not mean that digital currencies will become a legal tender. Instead, a separate act developed by the Central Bank, the Ministry of Finance and the Ministry of Economic Development will set the conditions for digital currencies to be used as payments "in controlled quantities." The initiative will make the digital confirmation by the user in a smart contract equal to his written consent.

    Russia first prepared a draft "On Digital Financial Assets" bill in March this year, which would provide federal laws regulating cryptocurrencies and ICO, after President Vladimir Putin's decision to initiate crypto-regulation from July 1. The project of 20th March defines cryptographic and digital tokens as assets intended exclusively for trading on authorized exchanges, also requiring that user accounts on the cryptographic exchange comply with AML regulations and terrorism financing regulations. "It is important that cryptocurrencies and tokens are included in the legal field of the Russian Federation. On the one hand, these are opportunities that we can not miss. On the other hand, when they are outside the legal field, you can use them to give bribes, withdraw money in the event of bankruptcy, pay black salaries and simply steal - without any consequences "- said Igor Sudets, director of the "Blockchain for Lawyers" program at the Russian University of Economics in Plekhanov in Moscow.

    In conclusion, one might speculate, that after the cryptocurrency use in Russian Federation will become legal and regulated, it might be a good time for a national cryptocurrency? According to the current path of events this idea does not seems to be far fetched.

    Let's now take a look at the Bitcoin technical picture at the H4 time frame. The price has bounced from the 50% Fibo at the level of $8,132 again, but the bounce was short-lived so far. The market is still trading below the golden trend line, so the outlook remains bearish. The next target is seen at the level of $7,974 and $7,712. The impulsive scenario invalidation level is still at $6,402.


  11. <a href="http://www.mt5.com/">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
  12. #138
    Forex in the blood
    ----
     
    sweetfriends is on a distinguished road sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    389
    Accumulated bonus
    429.80 USD
    Thanks
    3
    Thanked 34 Times in 32 Posts

    Bitcoin analysis for 18/05/2018.

    Economist Alex de Vries, who published the article "Bitcoin's growing energy problem" in the scientific journal Joule, told the financial media, that mining Bitcoin will consume 0.5 percent of world energy by 2018.

    De Vries concludes that because the Bitcoin network currently consumes about 2.55 GW of electricity and is heading towards 7.67 GW in the future (for reference, Ireland consumes 3.1 GW and Austria 8.2 GW), the network has a big problem, which is growing fast. However, he also notes that solutions such as the Lightning Network can ease the situation.

    Extracting Bitcoins requires energy to perform calculations, which in turn give the miners an award in the form of Bitcoin. In mid-February, it was reported that in 2018, Iceland's cryptographic output would absorb more electricity than households. The debate over whether Bitcoin mining is excessively harmful to the environment is perceived by some as irrelevant due to the high demand for Bitcoins in some countries. "Half a percent is quite shocking. This is an extreme difference compared to the ordinary financial system, and this growing demand for electricity will certainly not help us achieve our climate goals" - De Vries said.

    He hopes his article will initiate talks on this topic because he thinks the world needs "more scientific discussions about where this network is going."

    Let's now take a look at the Bitcoin technical picture at the H4 time frame. The wave a of the corrective cycle has been made and the low was established at the level of $7,900, so now it might be a good time to start a short-term corrective pull-back in the wave b. Nevertheless, to complete the correction there is still the wave c missing and the projected target for this wave is seen at between the levels of $7,712 - $7, 442.


+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forex Forum Nigeria Presentation
You are welcome to the Forex Forum Nigeria serving as a virtual salon for communication of traders of all levels. Forex is a dynamically developing financial market which is open 24 hours a day. Anyone can get access to this market via a brokerage company. On this forum you can discuss the numerous advantages of trading on the currency market and all aspects of online trading on MetaTrader4 and MetaTrader5 platforms.

Forex Forum Nigeria Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.