Connect with us

Bitcoin

ETH/BTC and ETC/BTC Price Analysis: Pay Attention to the Signals Here

Published

on

ETH/BTC
READ LATER - DOWNLOAD THIS POST AS PDF

While crypto-focused technical analysts often spend the majority of their time on individual cryptocurrencies with charts priced in dollars, some of the best technical setups and opportunities are often found in key pairs.

Today, we’re going to focus on the technical pictures for ETH/BTC and ETC/BTC, which should give us an idea of relative strength among major large-cap coins as well as allow for detection of buy and sell signals in these important pairs.

ETH/BTC

Price Analysis

  • High: 0.046336
  • Low: 0.044795
  • 24-Hour Volume: 7.188K
  • MACD Signal: Sell

ETH/BTC is the classic pairing, pitting the two arguably most important coins against one another.

The story here really depends upon your time frame. Looking over the longer time frame – going back 18 months to two years – shows us clear outperformance for those long this pairing.

However, over the past two months, the relative picture has been moving sharply in the opposite direction, with the chart for the ETH/BTC pairing breaking sharply underneath its major moving averages to take out its late March and early April lows.

The 14-day RSI indicator is now down printing in the teens showing a severe oversold state. But, as they say, “the trend is your friend”, even if this particular trend has hardly been friendly for those holding exposure long ETH/BTC.

ETC/BTC

Price Analysis

  • High: 0.002004
  • Low: 0.0019062
  • 24-Hour Volume: 50.871K
  • MACD Signal: Sell

ETC/BTC has been extraordinarily steady in maintaining a tight trading range going all the way back to October 2017.

However, given the fact that ETC is now more readily tradable in fiat currency terms based on growing acceptance among exchanges, we may be about to see this change.

At this point, the ETC/BTC pair has been holding support in its trading range just underneath the 0.002 level, which has acted like a shelf of support for the majority of 2018.

If the widespread assumption about Bitcoin needing to lead the way higher for the cryptocurrency complex as a whole turns out to be on target, then ETC/BTC may well be about to retest its late 2017 lows now that it has broken solidly beneath all of its major moving averages over the past 10 days.

Happy Trading~

To trade cryptocurrencies, sign up with BitMex or Binance!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

Continue Reading

Elite