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

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ETH/BTC
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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~

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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

Bitcoin

The rise of the crypto casinos

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crypto casinos
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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin
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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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