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Monday, December 31, 2018

Bitcoin (BTC) Long Term Price Forecast- December 29


BTC/USD Long-term Trend: Bearish
·         Resistance levels: $7,200, $7,400, $7,600
·         Support levels: $3,900, $3,700, $3,500

The price of Bitcoin was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $4,038.50 but traded and had closing price of $4,023 as at the time of writing.

 In the month of December, Bitcoin lost 0.38% of its capitalization. In December, neither the bulls nor the bears have control over the price of Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone .

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Bitcoin is in a bearish momentum and a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Thursday, December 27, 2018

Litecoin (LTC) Daily Price Forecast – December 27


LTC/USD Medium-term Trend: Ranging

·         Resistance Levels: $66, $68, $70
·         Support Levels: $30, $28, $26

Yesterday, December 26, the price of Litecoin was in a sideways trend. In the last 24 hours, there had been no significant price movement as price ranges above the $30 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

As the crypto ranges above the $30 price level, there is the likelihood of a price breakout. If the crypto’s price breaks below the $30 price level, the price of Litecoin will find support at the $24 price level. On the other hand, if price breaks upward, the crypto will reach the high of $37. Meanwhile, the stochastic indicator out of  the oversold region above the 20% range which indicates that Litecoin is in a bullish momentum and a buy signal.


LTC/USD Short-term Trend: Bearish


On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates price is in a  bearish trend zone. The crypto has the tendency to fall. Similarly, the stochastic indicator was out of the overbought region and it is below the 20% range which indicates that the crypto is in a bullish momentum and a buy signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Correlation between Gold and the AUD (&become our VIP)


I got an email over the weekend asking about the correlation if any between gold and the AUD and to be honest I didn’t know if there was any relationship between the two other than the long bow stories generated by economists. So I decided to have look. Whenever you start to look at the relationship between instruments you need to first define what you are looking at. The email I got implied that they looked the same at present therefore this implied some form of relationship.

At a glance both instruments at present seemed to be forming some form of broad congestion but this raises the question as to whether this a relevant observation since it would be possible to find hundreds of instruments that currently displaying the same pattern. However, a simple analogy will suffice to put this into context. If you have two cars driving side by side down a road this does not imply that they have either come from the same place or more importantly mean that they are heading towards the same destination. Correlation between instruments is more nuanced than simply observing that they look the same.

Correlation can be broken down into two parts, price correlation and returns correlation. Price correlation looks at whether prices move together with any degree of regularity and traders often stop their analysis here because they assume that if they move together then the impact of either an account or trading system will be the same. The issue with this is that it is not representative of the full picture. There is a second arm to correlations and this is the idea that returns between instruments can be correlated. It is important to note that it is possible for an instruments to have very high price correlations – in simple terms they look similar but have very different returns correlations. It is returns that matter to an account not whether something looks the same as something else.



When breaking down correlations I like to ask a simple question – what does the value of $1 look like if invested into each instrument since this takes into account their differing historical returns and unpacks any link between these returns.

As you can see from the chart the trajectory of $1 invested into either instrument shows at times a wildly diverging path which was exacerbated during gold’s Bull Run from 2008 and this raises the question for traders as to which possible returns would you like to expose your portfolio to. The issue here is not so much whether instruments look the same and have the same set up but rather what potential impact will trading them have upon your account. It is also quite easy to understand the differing nature of these returns by reference to the environment within which instruments exists.

Metals such as gold are free from Government interference – they can find their own level. Currencies are not free from such intervention, the fate of the AUD is intimately linked to Government policy and this ultimately puts boundaries around where the currency can go to. For example it is impossible for a currency pair to start its run at $0.75 and for it to be $7.50 three months later – this sort of move is the preserve of equities.

So outside of currently looking the same my answer to the question as to whether these two instruments share any meaningful connection for traders I would have to say no. There will also be someone who talks about the narrative behind the relationship between commodities and a given currency but my response to that is that this is an irrelevancy. Traders are not interested in stories or whether things look the same, they are or should be interested in returns.

You can view the charts attached to the articles here: https://www.tradinggame.com.au/correlation-between-gold-and-the-aud/ 

Author: Chris Tate

Article reproduced with kind permission of TradingGame.com.au

This piece is ended with the 3 quotes below:

“The main message I want traders to understand is how important the disciplined execution of a well thought out trading plan is in today's markets.” – Andy Jordan

“When you are overconfident, you are ripe for a major setback in the market.” – Joe Ross

“Every system begins in drawdown”. – Chris Tate

www.tallinex.com wants you to make money from the markets





How to get properly verified by NETELLER (exposed)


NB: Please note that when you open a Neteller account and fund it, you need to go to setting, and click/tap on “unverified” to begin the verification process.

Neteller is a very reliable and dependable financial services. However, it’s compulsory to get verified by Neteller before you can start enjoying it. If you fail to get verified, you’ll be frustrated. You’ll not even be able to use Neteller.

Take your bank account for example, can you use your bank account without getting fully verified?

A lot of users have been frustrated by the verification process simply because they don’t know what to do or they do the wrong things. Here are the things you need to know.

1.      You must fund your Neteller account before you start using it. You can fund with any amount between 5 USD to 50 USD (higher rates are also allowed) before you can start your Neteller verification process.

2.      Ensure that you use information that can be substantiated when you’re opening a Neteller account. Certain people use information that cannot be supported by valid documents, and at the end of the day, they cannot get verified. Make sure that, you use exactly the date of birth, address, official name, as they appear on your documents. There are people who change their information too often, owing to fake life or carefree life. That is why many are having BVN issues.



3.      What you need for verification are:
A document to identify yourself,
A capture of your face,
And a proof of your address.

Your ID and face capturing is the first step. After that is approved, you capture or upload your proof of address.
Your national ID card (plastic) OR travelling passport OR voter’s card OR driver’s license is what you will use. . Your documents must be clean, without stains or tears, not having expired and with all the edges showing.

Your best proof of address is your bank statement, showing your address. It must be signed and stamped by your bank. Only one page is enough. You may need to use a high quality scanner to scan your proof of addresses and upload it on Neteller website.

4.      If you have info or data that you cannot support with documents, do not use it.

5.      Use a laptop or a smartphone with very high quality camera for capturing your face and documents. Too many people use computers and phones with poor quality cameras and they don’t know why their documents are being rejected.

It’s best and fastest to do all your verification on the Neteller mobile app. Otherwise, you can do it on their website.

If you have any questions, please let us know.

Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng

9 ways to withdraw your Neteller funds


How can I withdraw funds from my NETELLER Account?

There are several withdrawal options that you can use in order to withdraw funds from your NETELLER account. Click on the links below to see all the details for each option:

1.      NETELLER money transfer – this withdrawal option is available for all NETELLER members. By the NETELLER money transfer you can instantly send money to other NETELLER member using just his email address.

2.      Transfer to a merchant site - this is an instant withdrawal option allowing you to transfer funds from your NETELLER account to a merchant site.

3.      Transfer to a Skrill wallet – this is an instant withdrawal option allowing you to transfer funds from your NETELLER account to your Skrill account. The transaction is initiated into the Skrill wallet as a deposit and the funds are instantly transferred.



4.      Net+ Prepaid Mastercard®* - there are two types of Net+ Prepaid Mastercard®: Net+ Plastic Prepaid Mastercard® and Net+ Virtual Prepaid Mastercard®. With the Net+ Prepaid Mastercard® you can make instant payments and ATM withdrawals.

5.      International bank withdrawal – this withdrawal option is available for the majority of the countries. The International bank withdrawal allows you to transfer funds from your NETELLER account directly to your bank account.

6.      Bank transfer withdrawal – this withdrawal option is available for the members residing in Europe. The Bank transfer withdrawal allows you to quickly transfer funds from your NETELLER account directly to your bank account.

7.      Local bank withdrawal – this withdrawal option is available for the members residing in some countries from Latin America. The Local bank withdrawal allows you to quickly transfer funds from your NETELLER account directly to your bank account.

8.      Mobile wallet withdrawal – this is an instant withdrawal option allowing members from certain countries to withdraw funds from their NETELLER account to mobile number registered in their account.

9.      Send money to mobile phone – this is an instant withdrawal option allowing members registered in all countries (except USA and Canada) to transfer funds to a mobile wallet in several countries. 


Please note that a foreign exchange (FX) fee of 3.99% will be applied to any NETELLER transaction which involves changing currencies.


Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng



Tuesday, December 25, 2018

Weekly trading signals for major cryptos - DECEMBER 10th


Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)

BTC/USD

https://www.cryptocomparer.com/wp-content/uploads/2018/12/BTC-1D-chart-1.png
Dominant trend: Bearish

Supply zone: $6400, $7200, $8000
Demand zone: $2500, $2000, $1500

The market remains under the control of the bears on the long-term outlook. Having achieved the predicted target last week at $3377 on 7th December and a further drop to $3277 in the demand area, the bears seems to have a brief rest. Exhaustion at the demand area denoted by wicks coupled with hammer signalled the bulls gradual return.
BTC/USD was up at $3800 on 8th December, but a further upward movement was rejected around the 10-EMA. The cryptocurrency provides a down-trending market scenario with the formation of lower highs and lower lows.

With the price below the two EMAs that are fanned apart which suggest strength in the context of the trend and in this case the downtrend, BTCUSD may be set for a new lower low as the bears’ pressure becomes much stronger.

ETH/USD

https://www.cryptocomparer.com/wp-content/uploads/2018/12/ETH-1D-chart-1.png
Dominant trend: Bearish

Supply zones: 
$200, $220, $240
Demand zones: 
$50, $40, $30

The bears’ pressure was sustained in the past week as Ethereum went further down to $83.00 in the demand area on 7th December closing the week lower than the previous at $111.52. Rejection to further downward price movement was obvious as the bulls return this was signalled by the two hammers formation a strong indication of trend reversal.
$102.50 in the supply area was retested as the new week began on 9th December.
This flag formed by the bullish pressure was necessary for the market correction before the downtrend continuation. With the price below the EMAs an indication of strong bears pressure, $53.93 the 261.8 fib level in the demand area may be tested in days ahead


Saturday, December 22, 2018

Monthly Forecast for Gulf Keystone (December 2018)


Gulf Keystone shares (LSE:GKP) are currently under bearish pressure. The bearish pressure was strong enough to overturn the recent bullishness in the market.


A “sell” signal appeared in October 2018 when price dropped below the lower Trendline, and it has held out till now, causing a Bearish Confirmation Pattern to appear in the market.  The RSI period 14 is in the oversold region, denoting weakness in the market.

In the last few months, any upwards bounces in the market have been taken as valid shorting signals and this is supposed to continue for the next few months. The bias on Gulf Keystone is bearish and thus, long trades are not recommended.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Tern: What is so special about this stock?


There is nothing strange or nothing special on Tern stock (LSE:TERN). Price trended downwards in July, August and September 2018 (despite rally efforts along the way), and it has been consolidating since then.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. Each EMA is flat and with no directional movement. This means the trend is flat.


There is nothing special on TERN at the moment as the market is essentially trendless. However, there may soon be a breakout, which might really favor bulls.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  
 
Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

           

Tuesday, December 18, 2018

Ethereum (ETH) Daily Price Forecast – December 19


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ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $250, $280
Support Levels: $100, $80, $60

Yesterday, December 18, the price of Ethereum was in a sideways trend. On December 17, the ETH price closed at a price of $98.81 after a bullish trend. After that, the crypto’s price went into a sideways trend after facing resistance at the $98 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

The crypto’s price broke the resistance at $100 price level and it is approaching the price at $105. On the other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.


ETH/USD Short-term Trend: Bullish


On the 1-hour chart, the crypto's price was in a bullish trend. The price of Ethereum reached the high of $99.20 and commenced a range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA.

If price breaks below the 12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside, the crypto’s price has the tendency to rise above the EMAs but must break the resistance to reach other levels of prices.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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