bitcoin_price_analysis

Bitcoin (USD) Price

Pricing News

German Authorities Sold $14 Million in Seized Cryptos Over Price Fears

May 29, 2018 at 10:00 | Wolfie Zhao

Prosecutors in Germany have made an emergency sale of cryptocurrencies seized in two investigations due to concerns over price volatility.

Bitcoin Price Faces Last Major Support Level Before $5K

May 29, 2018 at 09:00 | Omkar Godbole

Bitcoin is down again and looks set to test another key support level at $6,900, the technical charts indicate.

Bitcoin Bears In Charge But Indecision Could Spur Rally

May 28, 2018 at 10:25 | Omkar Godbole

While the odds are still stacked in favor of bitcoin's bears, marketplace exhaustion may have provided a chance for a brief rally.

IHS Markit Has A Plan to Tokenize A $1 Trillion Loan Market

May 28, 2018 at 04:00 | Ian Allison

IHS Markit is developing a blockchain-based system to handle cash payments in syndicated loans – and eventually, in a wider range of transactions.

Just One Top Crypto Bucked This Week's Market Downturn

May 25, 2018 at 15:15 | Omkar Godbole

Shadowing the losses in bitcoin, the top-25 cryptocurrencies have all fallen over the last seven days – all bar one, that is.

Bitcoin Faces Close Below Long-Term Support In First Since 2015

May 25, 2018 at 10:00 | Omkar Godbole

If bitcoin closes the week below the 50-week moving average it will increase the likelihood of a sell-off to $6,000

Revolut App Adds XRP, Bitcoin Cash to Crypto Options

May 24, 2018 at 14:35 | Daniel Palmer

Mobile banking app Revolut now lets users buy, sell and hold Ripple's XRP and bitcoin cash, in addition to bitcoin, litecoin and ether.

Bitcoin Faces Drop to $7K as Bull Defense Crumbles

May 24, 2018 at 09:30 | Omkar Godbole

Bitcoin looks set to test $7,000 in the next 24 hours, courtesy of a bear flag breakdown on the technical charts.

Coinbase Is Rebranding Its Crypto Exchange Service

May 23, 2018 at 20:26 | Nikhilesh De

Coinbase announced Wednesday it was rebranding its GDAX platform as Coinbase Pro. Additionally, the company has acquired Paradex, a relay platform.

Bitcoin Price Faces Bear Indicator Not Seen Since 2014

May 23, 2018 at 09:00 | Omkar Godbole

Following bitcoin's recent losses, a key long-term trend indicator is looking increasingly bearish.

Bitcoin Price Analysis: Bearish Continuation Likely as BTC Tests Strong Support

Lower highs and lower lows have been the story of bitcoin for the last few weeks — market behavior that has left even the most bullish investors scratching their heads. Since bitcoin’s dramatic rise to $20,000, there has been a series of harsh drops temporarily stifled by feeble rallies. At the time of this article, BTC-USD has managed to break through three major levels of support of both the upper and lower parabolic trends, and a long-term linear trend:

Figure 1: BTC-USD, 1-Day Candles, Macro View

For the time being, BTC-USD has managed to find support on the macro 50% retracement values twice. The 50% retracement has proven to be a strong level of support, but if you take a closer look at the market, there isn’t a whole lot of support below those values all the way down to the $7,000 values.

Figure 2: BTC-USD, 6-HR Candles, Next Levels of Support

Looking at the way the 50 and 200 EMA are acting on the 6-hour chart, we see that the overall macro trend is moving downward and is actually finding resistance on the 200 EMA — values that for a long period of time have shown to be firm levels of support. On the 6-hour candles, the 50 and the 200 EMAs have formed a pattern called a “death cross.” A death cross is when the 50 EMA crosses downward and begins trending below the 200 EMA. This is typically a sign of a more macro, bearish market outlook.

If the 50% values fail to provide support on the next test, a sharp drop could be in store — a sharp drop similar to the one from $14.5K to $9K. Looking at the image above, it becomes apparent that the parabolic rise to $20K was so sharp and aggressive, there was little time to establish firm levels of support on the way up.

Well, now that we are moving back down in price, the aggressive growth comes with aggressive consequences. In our case, the aggressive consequence is the lack of support between the $10,000 and $7,000 values. If we do see a drop below the 50% Fibonacci line, it is highly likely to find support along the 61% values where the blue bar is shown above.

Another level of support is likely to be found on the daily 200 EMA, just above the blue region:
Figure 3: BTC-USD, 1-Day Candles, Daily 200 EMA

The 200 EMA on the daily chart has proven time and time again to be a firm level of support in previous corrective periods. It is highly unlikely that this level of support would break without several tests of the 200 EMA. In general, there is a strong confluence of support between the low $7,000s and high $8,000s. Given the current trend of lower highs and lower lows, I think it’s very likely we will see a test of these support levels.

1. Bitcoin has managed to establish a trend of three lower highs and four lower lows to really cement the current bearish trend.
   
2. Bitcoin managed to find resistance on the parabolic curve and is now in the process of testing the support of the 50% Fibonacci retracement values.
   
3. If the current levels of support do not hold, support will be found between the $8,000s and $7,000s as there is a strong confluence of support in those price values.
   

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Bitcoin Price Analysis: Market Direction Depends on Next Price Line Tests

Over the last few weeks, bitcoin has had its fair share of ups and downs. The volatility has chopped up many of the public bulls and bears alike as the market has struggled to find a consistent direction for more than a couple of weeks at a time. The market is currently in an interesting space as many macro trends have been broken. One major trend that was broken last week was the macro demand line shown below:

Figure 1: BTC-USD, 12-HR Candles, Macro Supply Line Broken

The break of the supply represents a macro change of character for the market and is undoubtedly a bullish signal. After bottoming around $6,500, bitcoin had a very strong, sustained rally for a 40% market value increase over a relatively small amount of time. Currently, the market is experiencing some turbulence as we test well known resistance points where lots of overhanging is present. Our current price level is the beginning of the hypodermic trend we saw late last year as we broke free of the parabolic envelope shown below:

Figure 2: BTC-USD, 12-HR Candles, Hypodermic Trend Breakthrough

The Hypodermic Trend is where the FOMO, irrational buying began and left many investors holding underwater positions. This FOMO resulted in tons of overhanging supply and I don’t expect us to make any upward progress without a solid fight from the bitcoin bears.

This recent markup came about as a result of a solid accumulation phase on the 2-HR time frame that lead into reaccumulation and has now pushed us into a new trading range that is currently testing the overhanging supply. The figure below outlines the micro accumulation leading into our current trading range:
Figure 3: BTC-USD, 2-HR Candles, Micro Markup into New Trading Range

Our current trading illustrates the presence of supply by the sellers:
Figure 4: BTC-USD, 60-Min Candles, Current Trading Range

It is unclear whether this current trading range is distribution (top of the rally) or reaccumulation (temporary stop before a resumption of the uptrend), but what is clear is the presence of supply. And the presence of supply makes total sense given the current price level.

Whether the market is going to move up or down remains to be seen, but key price levels to watch are near the bottom of our current trading range in the $8,600s. A breakdown of that price level would likely send us retesting our macro lows in the $6,000s. If this current trading range breaks down, that will be an incredibly bearish signal as that indicates the overwhelming presence of supply in the market. If we manage to test the $6,000s, I find it highly unlikely that we rally without establishing new lows once again.

If we manage to establish a clear reaccumulation trading range and break upward, I expect to see resistance around the 50% Fibonacci value shown below:
Figure 5: BTC-USD, 12HR Candles, Macro Resistance

1. A major macro downtrend broke last week that marks a potential, new macro uptrend.
   
2. A large amount of supply is present as we test the current price levels that also match the hypodermic breakout of last year’s parabolic trend.
   
3. We are in a trading range and are testing supply as the market decides whether we will move up or down. Key price levels exist just above our trading range. If we reject those price levels and our current trading range, expect to see a retest of the macro low in the $6,500 range.
   

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Bitcoin Price Analysis: March 11, 2018

As established prior, it definitely appears as though a Double-Top pattern has emerged for bitcoin. This pattern is visible on just about every timeframe from 4 hours on upward.

What can be seen currently on the 12-hour chart is the consistent retesting of that neckline point at $9,500. See below for an illustration of where the neckline of BTC-USD is at for this double-top formula.

Just as a reminder, this is on the BTC-USD 12-hour chart (Bitfinex)

Also, here’s an illustration to reiterate how the double-top formula usually functions in an environment like this.

Here’s also a rating of the double-top pattern in terms of its likelihood to be a successful indicator of future price movement:

Thus, we should consider the $9,300-$9,500 mark to be the ultimate battle of the bears/bulls. A strong push above that point with any sort of volume behind it could mean that the double-top that we saw is effective dead. However, if the price bounces off of its current resistance ($9,300-$9,500), then the market should brace itself for much deeper lows.

The author would personally recommend refraining from making any strong long/short maneuvers until it can be clearly observed which direction that the price is traveling. Determining the next direction may mean waiting until the next 8/12-hour candle forms on the chart first.

Recent volume has been in an uptick recently. However, this is also correlated with the mass increase in selling volume. Thus, based on our volume studies, that correlates with definitive price action moving south (lower).

Here’s the excerpt posted below of the volume studies that we learned about prior:

So, the death cross (EMA 200>EMA 50) remains in tact at this point in time as well on the 12-hour chart and the price is well below both the EMA 200 and EMA50. So, the market is nowhere close to “recovery” or a bounce at all.

In fact, what is going on looks more observable as a ‘dead cat bounce.’

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Eight consecutive red candles from $11,700 all the way down to $8,300 at its lowest represents a 40 percent decrease in price in under a week. It is more than likely that a lot of individuals have closed the short positions that they opened up earlier to lock in profits or out of skepticism that the market has ‘bottomed out’. Hence, the price rising or “bouncing” after hitting the $8,500 resistance point.

Let’s take a look at some other indicators:

The Bollinger’s Bands reflect that the price was due for a correction of some sort sooner or later.

Here’s the MACD for the 12-hour chart. That slight curve that you see on the MACD (blue) line usually indicates a price that is getting ready to head back upward. However, if the next 12-hour candle is red (long red candle), then this line would definitely straighten out.

It’s worth noting that the last few lines produced by the Histogram are becoming smaller, meaning there is less divergence between the two lines. This means a potential cross could be imminent, although that price could also be short-lived as well.

Overall though, the MACD is still showing a firm sell.

Downtrend pressure (red line) decreasing, but so is the uptrend (green line) as well on the Aroon’s that we see here.

The Aroon Down > Aroon Up still, which is a classic signal of a downtrend.

Balance of Power (smoothed over with an EMA (9)), in the negatives overall. However, the unsmoothed value is well into the positives at this very moment.

Williams %R is nowhere near close to emitting a buy signal. Although it has retreated from the oversold zone that it was in previously (black bars beneath the huge, purple rectangle).

The Chaikin Money Flow (CMF) smoothed over (HMA (9)), showing a massive exodus of money flow from bitcoin over the last few weeks. Definitely not a positive correlation for anyone looking for an uptick in the price.

This is one of the earliest indicators of a reversal and it looks like the money was flowing out of bitcoin way before the recent 40 percent decrease in price.

Average True Range: This is an indicator that is used to represent volatility. Whenever there’s a spike in this indicator during a bear market (which we’re in right now), you can consider this is a sign that there will be a downtick in price. Whenever the ATR is going down (lower volatility), that has usually signaled that BTC-USD specifically is gaining in price.

So, keeping an eye on this indicator is crucial.

Conclusion

None of the indicators overall are signaling anything that should make a trader feel as though there is an ‘imminent’ reversal taking place or that the green candle that is being posted on the 12-hour chart will be sustained in any way.

In the author’s personal opinion, what’s going on is more of a consolidation period, if anything, before the market continues downward. It’s important to remember that bear flags/pennants as well as dead cat bounces are all continuation patterns, which means that they are slight breaks in price direction before it continues on its path.

It remains to be seen what will truly happen, but at this point, it looks like there is a strong possibility that bitcoin will soon continue downward to much lower levels than what we’re seeing currently. On it’s next trip downward toward $8,500, it may break south of that mark definitively. Given the finicky patience/hands of investors in the market currently, this could precipitate ‘panic selling,’ which will depress the price even further.

Disclaimer: Author does not own any bitcoin currently and does not believe in the Mt. Gox theory that they are purposefully flooding the market downward or that the selloff of bitcoin is flooding the market in anyway.

Bitcoin Price Analysis – May 24

• Azeez Mustapha
• /
• 24 May 2018
• /
• 372 views
• /
• In Bitcoin , Price Analysis

• Bitcoin's is holding on to the $7,500 price level as bearish pressure mellows down.
• If the downtrend continues, the price of the asset is expected to fall to lows of $7,000 or $6,600.

BTCUSD Medium-term Trend: Bearish

Resistance: $7,900, $7,800, $7,700

Support: $7,300, $7,400, $7,500

Yesterday, May 23, price of Bitcoin broke the support level at $8,000. It was assumed yesterday that if the downtrend continued, the asset could fall to lows of $7,000 and $6,600. However, the price of Bitcoin is currently trading at $7,495.72. Bitcoin’s price has fallen to a low of $7,500. On the weekly chart, the bears have been resisted at the $7,500 level twice.

In order to know when the decline will end, a bearish trend line can be drawn across the price bars at the resistance levels. If Bitcoin breaks the trend line and the candlestick closes on the opposite side of the trend line, then we will assume that the decline has ended. However, traders should wait for the decline to end before embarking on long positions.

On the other hand, if the downtrend continues, price of the asset is expected to fall to the lows of $7,000 or $6,600.

BTCUSD Short-term Trend: Bearish

On the daily chart, price of Bitcoin is still in a bearish trend. Price of the asset was ranging between the levels of $7,900 and $7,800 before it fell to the low of $7,500. The asset has tested the support level at $7,500 on more than three occasions and was repelled. The asset is currently in a range bound movement after testing the support level at $7,500.

Bitcoin Price Analysis - The current bullish pennant

After finishing 2017 up

1300%, Bitcoin (BTC) is down from all time highs. The cryptocurrency's market cap now stands at US$229 billion, with US$3.95 billion traded in the past 24 hours. Trading volume should begin to increase again as traders return from their year end celebrations.

Hash rate and difficulty continue to rise as more miners join the network. With multiple mining innovations in the pipeline and new hardware on the horizon, expect the hash rate to continue to rise unabated.

The most cost-efficient Bitcoin miners are application-specific integrated circuits (ASICs) which are specifically designed for mining. The largest ASIC producer is currently Bitmain, a Chinese company headed by Jihan Wu. Bitmain Antminers account for a large percentage of the total hash rate. Both the S9 and L3+ models are currently sold out.

A new contender for efficiency, based on computations per kilowatt, is Halong Mining’s Dragonmint 16T. Halong has been taking pre-orders since November and is aiming to deliver the mining hardware in March. The company is headed by pseudonymous Bitcoin Core developer BtcDrak, who wants to bring more competition to the mining space.

Another Chinese company, Canaan Creative, will be shipping their own mining hardware in the first quarter of 2018. The Avalon 8 will be less efficient than the Dragonmint 16T, but more efficient than the Antminer products. Bitfury is also touting a new chip with higher efficiency. The Georgian-based company already has a range of products, all of which are currently sold out. According to several users who have inquired about purchasing the new miners, there is a US$2 million minimum buy order.

Miners are currently concentrated where electricity is cheap, including China, Venezuela, Canada, and Washington State. The heavy concentration of mining in China means Bitcoin’s decentralized nature is under threat should the Chinese government decide to shut down these operations. However, the Bitcoin network will automatically adjust the difficulty following a sudden drop in hash rate. This adjustment occurs every two weeks, on average, so any shock to the network would be relatively short lived.

Many Chinese miners are reportedly relocating, with British Columbia, Canada being an optimal location due to its cheap hydroelectric power and cooler temperatures. The increased geographic distribution of mining locations ensures no single point of failure and no network disruptions should a crackdown occur.

According to Bitnodes, there are currently

11,000 reachable active nodes across the world, with the greatest concentration in the United States, Germany, and China. Full nodes are essential for the decentralized peer to peer trust component of any crypto network. Each node ensures consensus and ensures miners are being honest with transactions in the ledger. Although only miners can build the chain, nodes are responsible for validating the chain and ensuring immutability.

While miners will typically run full nodes to propagate the blocks they find more efficiently, other participants run full nodes to help support the network and increase decentralization. Nodes can be added with wallets and hardware such as a BitSeed or Raspberry Pi, but there is no direct incentive to do so, an issue which some cryptocurrencies address through the Proof of Stake consensus algorithm.

Bitcoin Core developer Jonas Schnelli is working on a cheaper out-of-the-box full node, in partnership with the Swiss-based hardware wallet company Digital Bitbox. The Blockstream Satellite also adds another network connection opportunity, albeit one-way. The satellite network provides a way to receive new blocks and ensure nodes stay in sync. Transactions can be sent using other communication channels such as SMS or conventional satellite internet services.

However, one of the biggest criticisms of the Bitcoin network leading into 2018 continues to be the fees. This complex and multifaceted issue has many players and moving parts involved. The most obvious driver, and an issue for debate for a number of years, is the size of Bitcoin blocks. Segregated Witness (SegWit) provided some relief through a soft fork last year. The protocol change effectively reduces transaction size, but SegWit adoption is currently around

Two of the largest Bitcoin exchanges, Bitfinex and Coinbase, are yet to offer access to SegWit addresses to their users. These exchanges do not give users the option of prioritizing transactions with higher fees and do not batch transactions, both of which would greatly reduce transaction fees.

CEO Brian Armstrong has said that Coinbase is working to implement these solutions but has not given a timeline. The exchange briefly disabled Bitcoin transactions on January 11th and the effect on the network was an immediate decrease in both network transactions and fees.

Because of Coinbase’s explosive user growth in 2017, their impact on the network has also grown by several orders of magnitude. These detrimental effects will not change without on-ramp competition or changes in how the company interacts with the network. There are currently

160,000 unconfirmed transactions at the time of writing.

Exchange traded volume has been led by the US Dollar Tether (USDT), Japanese Yen (JPY), and US Dollar (USD) markets. USDT, which is pegged to the USD, has seen an increase in volume recently as traders seek safe haven from declining BTC prices.

Trading in the Korean Won Markets (KRW) has been hampered by misreporting from Western news outlets, specifically Reuters, regulatory uncertainty, and remarks by a rogue government official on a potential cryptocurrency ban. However, legislation will likely mirror that of Japan and other Western nations and not that of China. Volume has declined accordingly but a price premium remains.

Global over-the-counter (OTC) volume has pulled back since December, although many countries continue to push all time price highs. No data is readily available for OTC South Korean volume.

Technical Analysis

Historically, over the past three years, January has been a mediocre month for BTC bulls. This correlation also matches the market cycles hypothesis which correlates with the OKcoin, now OKEX, quarterly futures expiration dates. January and July have preceded the beginning of relative bearish reversal periods, whereas April and October have preceded the beginning of relative bullish reversal periods. This has occurred irrespective of the macro trend.

These cycles also match Wyckoffian markup or markdown, with corrections before continuation in each phase. Based on the previous and projected time point, a new all time high is unlikely until approximately July 2018, with optimal entries around April 2018.

An argument against this hypothesis is the parabolic nature of the trend, which signals hastening speed with contracting periods of consolidation between each move. The parabola would suggest a bottom and move higher much sooner than July 2018, should the trend continue. Depending on how this is drawn, there is still some room left for consolidation before a move higher.

A Pitchfork can also be used to show how the trend has hastened over the past year. Pitchforks use three anchor points to predict a price channel with diagonal potential reversal zones. BTC bullishly invalidated a long standing, multi-year Pitchfork after several resistance and support tests in and on the upper limit.

A more current Pitchfork shows that the price is consolidating within the lower bounds of the trend (yellow). A break to the lower diagonal support (turquoise) will signify a strong buy signal based on this 12 month trend, most of which has been held below the median line (red). Buying in that zone comes with the risk of a bearish invalidation of the Pitchfork, with the upside potential being a return to the medium line, followed by a test of the upper limit.

On the daily chart, the Ichimoku Cloud is currently bullish but is threatening a bearish TK cross, a long exit signal.

The Cloud uses a moving-average-type system with dynamic support and resistance to make projections of key zones, as well as capturing 80% of any given trend. As long as the price remains above the Cloud, sentiment remains bullish. Price in the Cloud indicates a neutral trend, and below the Cloud indicates a bearish trend.

When the Tenkan (blue) is over the Kijun (red) sentiment is bullish, as shown below. When the Kijun is over the Tenkan sentiment is bearish. When the Lagging Span (dark green) is above the Cloud the current price sentiment is bullish, as shown below. When the Lagging Span is below the Cloud the current price sentiment is bearish.

The best entry signals when using this indicator occur when the trend is obvious, but 1 or 2 of the signals have yet to become confluent on a higher timeframe trend.

The current structure resembles two previous pullbacks to the 200EMA after a bearish TK cross and complete span of the Cloud. These dips, in August 2016 and July 2017, occurred in the setting of major fear uncertainty and doubt, the Bitfinex hack and Bitcoin Cash fork respectively. A similar event over the next few weeks would result in a similar outcome. The 200EMA currently resides around US$8,500.

On the four hour chart, the 50/200EMAs crossed and recrossed four times in 2017, all resulting in a push higher after reaching support at the 850EMA, currently at US$9,865. A bearish cross of the 50/200EMA recently occurred, and should history repeat itself, a touch of the 850EMA will follow.

To contradict this, there is an active bullish continuation chart pattern with a 1.618 fib extension and a measured move of US$28,000 and

US$30,000 respectively. A pennant of this nature typically resolves when three-quarters full or greater, which will occur within the next 10 days.

Conclusion

After a bumper year packed with eventful and volatile trading opportunities, 2018 is quickly shaping up to be no different. The Bitcoin protocol roadmap continues to address the high fee environment with various upgrades that can now be implemented on top of SegWit. Bitcoin mining continues to drive ASIC production and manufacturing even if all of the upcoming hash rate is not used to mine Bitcoin.

Technicals for the quarter are mixed but are beginning to lean bearish. An unexpected event may act as fuel for a deeper drop. Market cycles suggest no new highs until around July. This would invalidate both the parabolic trend and the current Pitchfork. Daily Cloud and four hour EMAs suggest a deep support test sooner rather than later, based on similar previous fractals. The most immediate evidence for such a retrace will occur after the failure of the current bullish pennant, which is possible within the next 10 days.

Bitcoin Price Analysis - Crucial week ahead

Bitcoin (BTC) has been wide-ranging over the past week after a strong pullback. The market cap now stands at US$235 billion on US$6.46 billion in volume over the past 24 hours. Volume has slowed broadly amongst the cryptocurrency markets, which is most likely due the holiday season.

BTC transactions per day have declined since the peak around 490,000. This trend has been matched through Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). ETH continues to process the highest number of transactions per day, almost double that of BTC. However, the average value of a BTC transaction is over 10x greater than ETH (not shown below).

There are currently 175,00 unconfirmed transactions in the bitcoin mempool, down from over 250,000 just a few days ago. Transactions usually see an uptick during downwards price movements, as was the case from the 17th to the 22nd of December. This only compounded the problem of the existing backlog. “Spam” transactions also continue to plague the network. One such “spam attack” was caught live and recorded.

SegWit, which reduces the size of each transaction and therefore makes the transaction cheaper, continues to have around 10% adoption. Key bottlenecks in the ecosystem like the major exchanges continue to develop, or ignore, SegWit integration. Coinbase/GDAX has promised SegWit addresses sometime in 2018.

Currently, SegWit uses the P2SH address format which is compatible with older clients. A BIP, first introduced on the 20th of March, is gaining traction to move SegWit towards native addresses. BIP 173, created by Peter Wuille and Greg Maxwell of Blockstream, introduces the Bech32 address format which is more efficient and secure, and not case sensitive.

In the meantime, difficulty continues to climb. This indicates that additional hashing power is being added to the BTC network. Block times before each difficulty adjustment have benefited from this, holding below 10 minutes on average over the past week. According to BTC.com, the next difficulty adjustment will be a 5% increase and is set to occur in three days. This suggests that miners continue to believe BTC is amongst the most profitable coins to mine, as hash rate has not moved elsewhere.

Exchange traded volume has been led by the US Dollar (USD) and Japanese Yen (JPY) pairs. The Tether (USDT) pair, which is pegged to $1, has seen an increase in volume recently as traders seek safe haven from declining BTC prices.

Korean Won (KRW) trading volume and price are down sharply amidst reports that regulatory bodies are looking to reign in anonymous trading accounts. The KRW markets have been trading at almost $4000 above USD markets, which suggests difficult or impossible arbitrage opportunities.

The minister of the Office for Government Policy Coordination, Hong Nam-ki, said on Thursday that the Korean government is banning the use of anonymous virtual accounts in cryptocurrency transactions as part of efforts to curb speculation. These accounts are widely used in the Korean financial industry.

Only real-name bank accounts and matching accounts at virtual currency exchanges will be used for deposits and withdrawals in the future. Reuters reported that this as an outright ban on trading yesterday, which caused a direct and immediate sell off. The New York Times later picked up the story as well.

Technical Analysis

When determining the progress of a trend, the Ichimoku Cloud, Moving Averages, and Pitchforks are excellent resources for entry and exit signals.

On the weekly chart, the Ichimoku Cloud signals continue to scream bullish momentum. The Cloud uses a moving-average-type system with dynamic support and resistance to make projections of key zones, as well as capturing 80% of any given trend. As long as the price remains above the Cloud, sentiment remains bullish. Price in the Cloud indicates a neutral trend, and below the Cloud indicates a bearish trend.

When the Tenkan (blue) is over the Kijun (red) sentiment is bullish, as shown below. When the Kijun is over the Tenkan sentiment is bearish. When the Lagging Span (dark green) is above the Cloud the current price sentiment is bullish, as shown below. When the Lagging Span is below the Cloud the current price sentiment is bearish.

The best entry signals when using this indicator occur when the trend is obvious, but 1 or 2 of the signals have yet to become confluent on a higher timeframe trend.

The recent pullback to US$11,000 found support at the Tenkan. The next support down is the Kijun at US$11,000. Price has bounced at or near the Kijun six times in the current trend. The Cloud continues to show a thin upward slope, the mark of a healthy trend. A thick Cloud, which last occurred late in 2015, signifies a rangebound price with a high likelihood of reversal.

Additionally, the price is light years away from either the 50 or 200 Exponential Moving Averages (EMA), both of which are at a 45 degree angle. These moving averages are commonly used to determine the status of the trend. When a faster moving average is above a slower moving average, the trend is bullish, and vice versa.

Hastening of the trend is best depicted with the use of a parabola, as popularized by ParabolicTrav recently on twitter. The slope of the trend on a logarithmic chart has gotten steeper and steeper over the past year. Typically, these patterns end after four touches of support with a massive reversal which breaks the curved support. BTC is currently flirting with this zone.

The Pitchfork, which uses three anchor points to predict a price channel with diagonal potential reversal zones, shows price vacillating within the heart of the trend (green). A break to the lower diagonal support will signify a strong buy signal based on the year long trend, most of which has been held below the median line (red).

On the daily chart, the Ichimoku Cloud also continues to show bullish signals with several Kijun bounces. A candle close below the Kijun would signal a significant pullback, likely below the US$11,000 support. These Kijun breaks have led to an average of a 17.75% drop on the four occasions they have occurred this year, which would bring the price to around US$10,400.

On this same timeframe, since the bullish cross of the 50/200EMA on the daily chart in September 2015 the price has largely remained above the 50EMA. A break of the 50EMA would likely reach for the 200EMA (yellow), currently US$7,300. While unlikely at the moment based on current price structure, it’s important to prepare a roadmap for all possibilities.

On the four hour chart, the 50/200EMAs have crossed and recrossed four times this year, all resulting in a push higher after reaching the 850EMA, currently at US$8,500. If the 200 and 50 EMA cross on this timeframe, I’d expect the same to occur in this instance.

The Cloud signals are mixed in this timeframe. The Cloud is bearish, the price is below Cloud, the TK cross is bullish, and the lagging span is below price and Cloud. A long entry signal of moderate position size would be appropriate if the price rises above the Cloud, a Kumo breakout. If the price is above Cloud with a bullish Cloud as well the likelihood of bullish continuation is significantly greater.

Conclusion

Bitcoin has hit several new all time highs over the course of 2017. The asset was at one point up over 1800%. Despite news events which pummeled the price, BTC has proven that it remains more antifragile now than it has ever been. Mainstream adoption will continue to rise into 2018 with Bitcoin-backed ETFs shortly on the horizon.

Technicals in the near term suggest a crucial week ahead in a historically bearish month for Bitcoin. The likely support for any dip remains between US$8,500-$10,500. Otherwise, new highs to beyond US$30,000 are reasonable based on the current trend.

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Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

Bitcoin Price Analysis: March 11, 2018

As established prior, it definitely appears as though a Double-Top pattern has emerged for bitcoin. This pattern is visible on just about every timeframe from 4 hours on upward.

What can be seen currently on the 12-hour chart is the consistent retesting of that neckline point at $9,500. See below for an illustration of where the neckline of BTC-USD is at for this double-top formula.

Just as a reminder, this is on the BTC-USD 12-hour chart (Bitfinex)

Also, here’s an illustration to reiterate how the double-top formula usually functions in an environment like this.

Here’s also a rating of the double-top pattern in terms of its likelihood to be a successful indicator of future price movement:

Thus, we should consider the $9,300-$9,500 mark to be the ultimate battle of the bears/bulls. A strong push above that point with any sort of volume behind it could mean that the double-top that we saw is effective dead. However, if the price bounces off of its current resistance ($9,300-$9,500), then the market should brace itself for much deeper lows.

The author would personally recommend refraining from making any strong long/short maneuvers until it can be clearly observed which direction that the price is traveling. Determining the next direction may mean waiting until the next 8/12-hour candle forms on the chart first.

Recent volume has been in an uptick recently. However, this is also correlated with the mass increase in selling volume. Thus, based on our volume studies, that correlates with definitive price action moving south (lower).

Here’s the excerpt posted below of the volume studies that we learned about prior:

So, the death cross (EMA 200>EMA 50) remains in tact at this point in time as well on the 12-hour chart and the price is well below both the EMA 200 and EMA50. So, the market is nowhere close to “recovery” or a bounce at all.

In fact, what is going on looks more observable as a ‘dead cat bounce.’

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Eight consecutive red candles from $11,700 all the way down to $8,300 at its lowest represents a 40 percent decrease in price in under a week. It is more than likely that a lot of individuals have closed the short positions that they opened up earlier to lock in profits or out of skepticism that the market has ‘bottomed out’. Hence, the price rising or “bouncing” after hitting the $8,500 resistance point.

Let’s take a look at some other indicators:

The Bollinger’s Bands reflect that the price was due for a correction of some sort sooner or later.

Here’s the MACD for the 12-hour chart. That slight curve that you see on the MACD (blue) line usually indicates a price that is getting ready to head back upward. However, if the next 12-hour candle is red (long red candle), then this line would definitely straighten out.

It’s worth noting that the last few lines produced by the Histogram are becoming smaller, meaning there is less divergence between the two lines. This means a potential cross could be imminent, although that price could also be short-lived as well.

Overall though, the MACD is still showing a firm sell.

Downtrend pressure (red line) decreasing, but so is the uptrend (green line) as well on the Aroon’s that we see here.

The Aroon Down > Aroon Up still, which is a classic signal of a downtrend.

Balance of Power (smoothed over with an EMA (9)), in the negatives overall. However, the unsmoothed value is well into the positives at this very moment.

Williams %R is nowhere near close to emitting a buy signal. Although it has retreated from the oversold zone that it was in previously (black bars beneath the huge, purple rectangle).

The Chaikin Money Flow (CMF) smoothed over (HMA (9)), showing a massive exodus of money flow from bitcoin over the last few weeks. Definitely not a positive correlation for anyone looking for an uptick in the price.

This is one of the earliest indicators of a reversal and it looks like the money was flowing out of bitcoin way before the recent 40 percent decrease in price.

Average True Range: This is an indicator that is used to represent volatility. Whenever there’s a spike in this indicator during a bear market (which we’re in right now), you can consider this is a sign that there will be a downtick in price. Whenever the ATR is going down (lower volatility), that has usually signaled that BTC-USD specifically is gaining in price.

So, keeping an eye on this indicator is crucial.

Conclusion

None of the indicators overall are signaling anything that should make a trader feel as though there is an ‘imminent’ reversal taking place or that the green candle that is being posted on the 12-hour chart will be sustained in any way.

In the author’s personal opinion, what’s going on is more of a consolidation period, if anything, before the market continues downward. It’s important to remember that bear flags/pennants as well as dead cat bounces are all continuation patterns, which means that they are slight breaks in price direction before it continues on its path.

It remains to be seen what will truly happen, but at this point, it looks like there is a strong possibility that bitcoin will soon continue downward to much lower levels than what we’re seeing currently. On it’s next trip downward toward $8,500, it may break south of that mark definitively. Given the finicky patience/hands of investors in the market currently, this could precipitate ‘panic selling,’ which will depress the price even further.

Disclaimer: Author does not own any bitcoin currently and does not believe in the Mt. Gox theory that they are purposefully flooding the market downward or that the selloff of bitcoin is flooding the market in anyway.

Bitcoin is a digital currency, sometimes referred to as a cryptocurrency, best known as the world's first truly decentralized digital currency. Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates. The traded value of Bitcoin has proven volatile through various booms and busts in demand. Ultimately, however, many see Bitcoin as a store of value against government-backed fiat currencies.

Abbreviated as BTC, Bitcoin is actively traded against the world's major currencies across decentralized markets. Bitcoins are kept in so-called Bitcoin wallets, which depend on private keys and cryptography to secure its Bitcoins to a specific entity or user.

By comparison to government-backed global currencies, Bitcoin remains fairly complex for the typical user to acquire and use in regular transactions. Growing interest and significant global investments in Bitcoin wallet and Blockchain technology have nonetheless made buying and selling Bitcoin far more accessible to the average user. And indeed growing acceptance by government entities have ameliorated the ambiguity of legal and regulatory status for Bitcoin and Bitcoin exchanges.

You can find historical price of Bitcoin on our chart and latest news and analysis on the Bitcoin exchange rate.

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