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Markets Roundup by F1Cryptos

Posted: Tue Feb 13, 2018 2:41 am
by F1Cryptos
Bitcoin inched lower on Tuesday, decreasing the price of digital currency to less than $8600 after some key economic releases. The technical bias remains bearish because of a lower low in the recent downside move.

Bitcoin Technical Analysis

As of this writing, the digital currency is being traded near $8562. A hurdle can be noted near $10000, a key psychological level ahead of $11194, 50% fib level on the daily chart and then $19468, the high of the last major upside move. A break and daily closing above the $19468 level shall trigger renewed buying interest, validating a rally towards the $21000 resistance zone.

Image
On the downside, a support may be noted around $8159, an immediate horizontal support ahead of $7000, the psychological level as well as another key horizontal support area and then $5559, the low of the last major downside move. The technical bias shall remain bearish as long as the $20000 resistance area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Re: Markets Roundup by F1Cryptos

Posted: Tue Feb 13, 2018 10:03 am
by uaimperial
hmm sounds good

Re: Markets Roundup by F1Cryptos

Posted: Wed Feb 14, 2018 2:29 am
by bittzy78
Please keep posting these roundups :)

Re: Markets Roundup by F1Cryptos

Posted: Wed Feb 14, 2018 2:35 am
by F1Cryptos
Ethereum inched higher on Wednesday, increasing the price of digital currency to more than $850.00 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $853. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

Image

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Re: Markets Roundup by F1Cryptos

Posted: Fri Feb 16, 2018 11:47 pm
by bittzy78
Please feel free to make a new market roundup post every day. :)

And thanks for posting.

Re: Markets Roundup by F1Cryptos

Posted: Mon Feb 19, 2018 12:48 am
by F1Cryptos
Ethereum inched higher on Monday, increasing the price of digital currency to more than $850.00 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $851. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

Image

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Re: Markets Roundup by F1Cryptos

Posted: Fri Feb 23, 2018 4:23 am
by F1Cryptos
Ethereum inched higher on Friday, increasing the price of digital currency to more than $800. The technical bias remains bearish because of a lower high in the recent upside move.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $819. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the pychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

Image
On the downside, a support may be seen around $818, the low of yesterday ahead of $567, the low of last major downside move and then $360, the confluence of two major trendline support levels. The technical bias shall ramiain bearish as long as the $954 resistance area is intact.

Vitalik Buterin’s Remarks

Ethereum founder Vitaik Buterin warns that cryptocurrencies still fall into hyper-volatile asset class and could plunge to near zero price anytime. He suggests investors to make only limited investment in cryptocurrencies which they can afford to lose.

Trade Idea

Considering the overall technical and fundamental outlook, selling the digital currency near current levels can be a good strategy in short to medium term. If you are looking to buy and store Etherum for long term then it is recommended to wait for a level around $600. Like other cryptocurrencies, ethereum is also under strong selling pressure. Given the current circumstances, a move towards $600 is very likely.

Re: Markets Roundup by F1Cryptos

Posted: Tue Mar 20, 2018 5:39 am
by F1Cryptos
Litecoin inched higher on Tuesday, increasing the price of digital currency to more than $150 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Litecoin Technical Analysis

As of this writing, the digital currency is being traded near $157. A hurdle can be noted near $250, a key psychological level ahead of $306, 23% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

Image

On the downside, a support may be noted around $138, an immediate horizontal support ahead of $100, the psychological level as well as another key horizontal support area and then $57, a major trendline support. The technical bias shall remain bullish as long as the $100 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in February, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.
The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Re: Markets Roundup by F1Cryptos

Posted: Fri Mar 23, 2018 3:10 am
by plpatel
That's something to lookout for...
Can you also post TA with shorter time frame like 1H or 30Min, so as we can have short term trades to go for...

Re: Markets Roundup by F1Cryptos

Posted: Fri Mar 23, 2018 3:17 am
by F1Cryptos
Ethereum inched lower on Friday, decreasing the price of digital currency to less than $550. The technical bias remains bearish because of a lower high in the recent upside move.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $516. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the psychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

Image

On the downside, a support may be seen around $509, the low of yesterday ahead of $500, a major psychological level and then $360, the confluence of two major trendline support levels. The technical bias shall remain bearish as long as the $954 resistance area is intact.

Vitalik Buterin’s Remarks

Ethereum founder Vitaik Buterin warns that cryptocurrencies still fall into hyper-volatile asset class and could plunge to near zero price anytime. He suggests investors to make only limited investment in cryptocurrencies which they can afford to lose.

Trade Idea

Considering the overall technical and fundamental outlook, selling the digital currency near current levels can be a good strategy in short to medium term. If you are looking to buy and store Etherum for long term then it is recommended to wait for a level around $600. Like other cryptocurrencies, ethereum is also under strong selling pressure. Given the current circumstances, a move towards $600 is very likely.