DASH and Litecoin Analysis December 18, 2017

DASH/USD

DASH continues to be very volatile, bouncing between the $800 level on the bottom, and the $1000 level on the top. This type of volatility continues to be an issue, but I think eventually we will break out and clear the $1000 level. In the meantime, buying the dips on short-term charts continues to be the best way to play this market.

 

LTC/USD

Litecoin continues to be very bullish, initially testing the $250 level underneath. We bounced from there, and have now formed a bit of a hammer, and that of course is a bullish sign. I think we will eventually clear this region, but right now it’s likely to see consolidate of action around the $300 level, until traders are comfortable enough to continue to buy.

Thanks for watching, I’ll be back tomorrow.

The post DASH and Litecoin Analysis December 18, 2017 appeared first on NEWSBTC.


Source: newsbtc
DASH and Litecoin Analysis December 18, 2017

Jeff Sessions Misrepresented Justice Crime Statistics

While delivering a speech in Baltimore on Tuesday, U.S. Attorney General Jeff Sessions misrepresented Department of Justice statistics in claiming there had been a 13 percent spike in the violent crime rate. The report he was citing clearly said there had been no measurable change. Sessions started his speech on one of his favorite themes: […]
Source: bitcoinwarrior
Jeff Sessions Misrepresented Justice Crime Statistics

Ethereum Analysis December 18, 2017

ETH/USD

Ethereum initially fell during the trading session on Friday, testing the vital $600 level. We have rallied significantly since then, so it looks as if this market is going to continue to be a “buy on the dips” situation. I believe that eventually we will go looking towards the $700 level, and that of course the $800 level after that. A breakdown below $600 could send this market down to $500.

 

ETH/BTC

Ethereum broke down against Bitcoin, and now that we are below the 0.04 level, and of course Bitcoin is rallying significantly, I believe that this market will continue the downward trajectory, perhaps reaching as low as the 0.025 level underneath.

The post Ethereum Analysis December 18, 2017 appeared first on NEWSBTC.


Source: newsbtc
Ethereum Analysis December 18, 2017

Bitcoin Analysis December 18, 2017

BTC/USD

Bitcoin has rallied significantly during the trading session on Friday, breaking above the top of an ascending triangle. By measuring the move, we get a potential rally to the $23,000 level, but expect short-term pullbacks occasionally. It looks as if the bullish pressure continues, as momentum has picked back up to the upside.

 

BTC/JPY

Bitcoin has rallied against the Japanese yen as well, although and not as clear of a pattern as against the US dollar. This being the case, looks as if we are going to reach towards the ¥2.2 million level again, which makes sense considering the 40% of Bitcoin trading comes out of Japan, and through the retail sector. Buying on the dips continues to be the best way to play against the yen.

Thanks for watching, I’ll be back tomorrow.

The post Bitcoin Analysis December 18, 2017 appeared first on NEWSBTC.


Source: newsbtc
Bitcoin Analysis December 18, 2017