EUR/USD
1.1749
-0.25% (-0.0029)
BTC/USD
17774.60
+0.20% (+35.9)
BTC/EUR
15050.00
-0.46% (-70.0)
BTC/GBP
13450.00
-1.42% (-193.5)
ETH/USD
712.79
+2.78% (+19.29)

Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple Price Analysis (September 2017)

BTC/USD

Bitcoin moved opposite to our forecast, hitting our stop loss at $4400. The digital currency has broken below the ascending channel, thereby ending the upside momentum for the time being. So, has Bitcoin become negative? No, not yet.

BTC, ETH, LTC, BCH

It is currently in a correction that can extend to $3749 levels, which is a 38.2 percent Fibonacci retracement of the rise from $1758.2 to $4980. The 50-day simple moving average support is at $3823. We expect Bitcoin to find some kind of support between these two levels.

However, until the digital currency stops falling and forms a short-term bottom, we will not give any buy recommendations. We don’t find any bearish patterns either, therefore, we are not recommending any short trade on the cryptocurrency.


ETH/USD

Ethereum also went against our forecast and stopped us out at $318. The digital currency has also broken down of the ascending channel, ending its uptrend. Currently, Ethereum is taking support at the $285 levels, just below the 38.2 percent Fibonacci retracement levels of the rise from $130.26 to $396.88.

A breakdown below $285 can extend the fall to $263 where it has a strong support. If this support also breaks, the cryptocurrency can fall to $232 levels, which is the 61.8 percent Fibonacci retracement level.

Though we see a downside opening up, the logical stop loss for the trade is at $310. The risk to reward ratio is not attractive, especially if Ethereum bounces from $263 levels. Therefore, we are not recommending any trade on it.


BCH/USD

Bitcoin Cash is moving according to our expectation. It has become range bound between $523 and $736. A breakdown below $523 will find some support at $470, below which the cryptocurrency will become bearish and can fall to $440 and thereafter to $310 levels.

On the other hand, a bounce from the $523 levels will keep the digital currency range bound, with a possibility of a rally to $634 and thereafter to $736 levels. However, this is a very risky trade, especially when most of the top cryptocurrencies are correcting. Therefore, even traders who attempt this trade should allocate only 25 percent of their normal position size.


XRP/USD

Ripple has been trading inside a descending triangle, which will complete on a breakdown and close below $0.193 levels. The pattern target of such a break is way lower at $0.085. However, the digital currency has a strong support at $0.13500, which hasn’t been breached on a closing basis since early May of this year. We expect this level to hold.

On the other hand, if ripple breaks out of the downtrend line of the triangle, it will invalidate the bearish pattern and a move to $0.30000 is likely, with a small resistance at $0.26500. Aggressive traders can buy on a breakout and close above $0.23500 and keep a SL of $0.19000.

However, ripple is not in a clear trend. Therefore, initiating any trade on it is risky. Traders who can quickly raise their stops and be disciplined should only attempt the trade. Please keep the position size small.


LTC/USD

Litecoin did not reach our buy trigger level of $83, therefore, our trade did not execute. It is currently taking support at the 61.8 percent Fibonacci retracement level of the rally from $42 to $98.

A breakdown below the $63 levels will be bearish for the digital currency, which can extend the fall to $54 and thereafter to $42 levels. Considering the bearish setup, we are not recommending any trade on it.

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CurrencySell Price Performance
BTC to SEK 151327.68 0.29 %
BTC to PHP 895484.37 0.20 %
BTC to GBP 13343.21 0.25 %
BTC to USD 17774.60 0.20 %
BTC to EUR 15124.48 0.25 %
BTC to INR 1138825.50 0.20 %
BTC to AUD 23217.25 0.08 %
BTC to SGD 23954.90 0.16 %
BTC to MYR 72485.51 0.20 %
BTC to GHS 80136.86 0.20 %

Bitcoin Ethereum Ripple LTC BCH price prediction analysisBitcoin TNDBitcoin EthereumBitcoin LYDWhy is Bitcoin Rising and Falling in a Week?Bitcoin UYUBitcoin YERBitcoin BWPBitcoin SDGBitcoin LBPSatoshi to BitcoinBitcoin KWDBitcoin KHRBitcoin JOD

0.631 BTC to CAD | 00:00:06 0.417 BTC to SGD | 2017-12-15 21:00:07 0.2625 BTC to USD | 2017-12-15 18:00:17 0.783 BTC to USD | 2017-12-15 15:00:33 0.2925 BTC to EUR | 2017-12-15 12:00:13 0.234 BTC to USD | 2017-12-15 09:00:06 0.995 BTC to EUR | 2017-12-15 06:00:16 0.7525 BTC to SGD | 2017-12-15 03:00:26 0.305 BTC to ETH | 2017-12-15 00:00:25 0.407 BTC to PLN | 2017-12-14 21:00:13 0.758 BTC to PHP | 2017-12-14 18:00:03 0.524 BTC to CAD | 2017-12-14 15:00:08


Bitcoin and other exchange rates are updated each second. Intraday rates start at 00.00 (UTC timezone) and finish at 23.59. The detailed prices are calculated in that interval.
Last Update of Bitcoin Rates (UTC): December 16, 2017 - 01:32

About Bitcoin

Is it Money?

Bitcoin is an electronical money unit that it never can be print or visually visible. It is a digital currency money that you can buy and sell in Bitcoin Market. Bitcoin is a money unit but it is not printed, like the other moneys as dollar, euro or pound. Bitcoin is used electronically and no one take the control of it. In short, bitcoin is a digital currency. You can monitor realtime bitcoin prices at live bitcoin price.
It is a payment system based on digital currency.
Bitcoin Mechanism: Bitcoin works behind a new technology based on digital money. It works as a mobile app that you can send and receive data. Just like that, if you have a bitcoin wallet, you can send BTC and receive BTC both. It is a digital wallet that you may pay with your bitcoins when you get a service.
It works systematically with transactions as banks. Bitcoin network shares a public method (ledger: Block Chain).The chain contains all transaction processes which happened already. This ledger provides a permition to an user's computer to verify the validity of a transaction. Each transactions are protected by digital signatures corresponding to the "Sender Adress". The system provides that an user can control btc wallet to send bitcoins from his wallet.
Bitcoin Owners: No one controls the Bitcoin Network. It is a technology like cloud, emails, apps, etc. All bitcoin users control the network around the world. Bitcoin Market: Economy markets are not open for all day but bitcoin markets are open 24-hour in 7 days. Price of Bitcoin may change in each second. You can exchange your bitcoins in 24/7.


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