BitcoinExchangeGuide

When we talk about cryptocurrency and Blockchain technology, we should be witnessing an infectious adoption on a global scale. These technologies can further enhance self-governance, thereby improving the security in the world. The obvious ensuing step that should be taken is a mainstream adoption of this technology. There are a good number of reasons why mainstream adoption hasn’t been achieved yet. One of these reasons is that cryptocurrency and Blockchain inventors are yet to create a singular product that can function as a sort of Blockchain ecosystem. Such a product is sure to gain acceptance on a global scale. This is the concept the Telegram Open Network is aiming to achieve. This guide aims to educate the reader on what the Telegraph Open Network (TON) is and how it is positioning itself to achieve global mainstream adoption. What Is Telegram Open Network (TON)? The Telegram Open Network will be a game-changer for social messaging. The Blockchain is a project born of social media behemoth, Telegram, which will be launched at the end of October. So far, a total of $1.7 billion has been raised in funding for this project through 200 private investors via an Initial Coin Offering. This project can be a very lucrative venture for new investors to hop on considering the insane amount of users that the platform has. One of the major focuses of this project will be on Blockchain scaling. Blockchain scaling has lasting issues stalking the crypto space and TON claims to have the remedy to this. The major challenge facing Existing Blockchains is its inability to scale enough to process large amounts of transactions suitable for mass adoption. TON is also planning to provide adequate security for users. The primary goal of this technology is to boost cryptocurrency adoption across the globe and this would be impossible if they fail to provide round-the-clock security and insurance for its users. The decentralized nature of TON is going to be of great essence to this cause. The Telegram Open Network project is not some other conventional ICO. This technology is also not built on any pre-existing Blockchain, instead, TON comes with its very Blockchain, the TON Blockchain. This system also has its cryptocurrency, GRAM coin, its consensus mechanism, and its virtual machine. The native coin, GRAM, can be utilized for several functions on the Blockchain including micro-payments, providing access to DApps, payment of fees and also, generating value for messages via the Telegram Messenger app. This Blockchain boasts of being able to facilitate transactions in a matter of seconds with limited or no charges. The TON platform comprises of a Blockchain and 292 supplementary networks. The Blockchain will possess the ability to support “sharding technology”, which is guaranteed to improve transaction speeds. Sharding is a method for splitting the whole network into a bunch of compartments called shards, that incorporate their autonomous piece of state and transaction history. The central principle behind sharding is to conduct transactions in a parallel manner to distinguish data into several small Blockchains that can communicate with one another. The public Blockchain also features a decentralized application platform and a peer-to-peer sharing and hosting economy. In the Telegram Open Network’s white paper statement, the Company is planning on merging the messaging app platform with a wide array of other characteristics. The function will be most useful for knowledgeable crypto users. History of TON Back in 2013, some tech enthusiasts yearned to create a system that offers freedom by way of encryption. This was the desire that makes TON a reality today. TON was created to sustain a stringent independent nature and also to be a not-for-profit entity. The company followed in the of its mentor, Wikipedia, by creating a ‘.org’ domain to accentuate its non-commercial nature even further. Telegram is an instant messaging cloud-based voice-over-IP service that was created by Telegram Messenger LLP. The founding fathers of the company are Pavel Durov and Nikolai Durov. The ideology of substantial decentralization by the founding fathers is also witnessed in the physical foundation of TON. The company makes use of a server design that is scattered across several independent server clusters to guarantee data encryption. Due to impressive features like encryption, speed, and autonomy, Telegram witnessed an extensive reception from millions of users in just a few months after its release. Subsequently, Telegram has evolved into a system that grosses over 12 updates in a year. In the first quarter of 2016, the system had 100 million active users and was delivering as much as 15 billion messages daily. In the last quarter of 2017, the system received 170 million new users and was delivering as much as 70 billion messages daily basis. As of March of 2018 Telegram had 200 million active users. As of today, 500,000 users are added to the platform daily basis. Experts claim that these figures are only going to continue growing exponentially manner over the years. Telegram says it is planning on using these remarkable figures to facilitate the widespread adoption of its cryptocurrency. Features of TON Information about the protocol as well as information about validators and their balances are stored on the Blockchain. Unlike most cryptocurrencies, GRAM does not provide support for mining, instead, the validity of transactions on the platform are determined by ‘validators’ who receive a small commission for every completed task. There are also ‘working’ Blockchains which enables the user conduct smart contracts. These Blockchains are configured with different rules and make use of various Virtual Machines to execute the smart contracts. Based on its white paper release, the Telegram Open Network will have several components including: 1- TON proxy: This is a mechanism on the network that will help users mask their identities and create a decentralized virtual private network (VPN) to guarantee online privacy. This mechanism is done in a bid to ensure that the services being provided, including Telegram, has adequate protection form censorship. 2- TON storage: This is described as a file storing mechanism used for the storage of arbitrary files that possess torrent-like access technology and contracts used to implement availability. 3- TON services: This is an inaugurated platform that will be used to guarantee decentralized browsing experience and also for smart contracts. 4- TON DNS: This feature will allow for access to available decentralized services to its users by designating accounts with human-readable labels. 5- TON payments: This will provide support for instant off-chain payments within the network. It also features in-built safeguards to ensure security when conducting transfers, making sure that these transactions are as secure as on-chain transactions. 6- TON virtual machine: This is the mechanism that facilitates smart contracts on the network. What Is GRAM Cryptocurrency? For a Blockchain to function properly, there has to be a native cryptocurrency. Telegram has issued GRAM as the base cryptocurrency for TON. This coin will function mainly as part of the in-app ecosystem on Telegram and will be used as a means for payment. The external use of this coin is still yet to be confirmed. GRAM is built on a proof-of-stake protocol and protected using “smart contracts”. This will allow the network to conduct up to 10 million transactions per second. Furthermore, The GRAM coin can be used for the following purposes: Payment for in-built services delivered by DApps. It can be used to pay for the storage and security and security of data in a decentralized manner. To pay for the registration of Blockchain domain names as well as for hosting whatever TON-related sites. To pay for the masking of identities and IP addresses, from specified viewers to improve on privacy even further. To pay for the avoidance of censorship that internet service providers normally enforce. To pay for digital and physical assets sold by brokers inside the TON ecosystem or on other TON-related projects. With regards to the business model practiced by TON, their services are free for its users, in what TON calls a ‘Freemium’. Potential Competitor The obvious competition TON will be faced with is Facebook’s cryptocurrency project, Libra. Libra is a platform that will conduct almost the same functions as the Telegram Open Network. Libra’s major aims are to, first, manufacture a singular digital currency that will achieve global adoption. The second primary aim is to create a facilitates domestic and international financial transactions on a basic mobile interface. This system will be built on a Blockchain architecture capable of achieving great speeds, security, and scalability. It also plans on achieving a fully decentralized system as time goes by. These are goals that TON has also set for itself. Though they both have different characteristics, it is obvious that they share similar qualities. This has caused experts to believe that these entities will exhibit intense competition when they are launched. Whether these Blockchain giants become rivals or not doesn’t matter. What matters is that they receive extensive adoption on the global front and bring more advancements to cryptocurrency and Blockchain technology. With the headway TON has been gathering, it is expected that this product will receive an extensive adoption globally. Source: https://cryptoevent.io/news

As more and more people are becoming increasingly interested in trading cryptocurrencies, and with the existence of numerous thriving cryptocurrency exchanges, it is necessary to assist these newcomers in selecting a suitable cryptocurrency exchange. This is the aim of this article. This article is an insightful guide, covering analysis of the top Bitcoin cryptocurrency exchanges in the market presently and is directed to people looking to gain a base knowledge about cryptocurrency exchanges and also for other cryptocurrency enthusiasts. Before we go into the details of the top-ranking cryptocurrency exchanges for trading Bitcoin and altcoins, we need to first understand what a cryptocurrency exchange is. What Is a Bitcoin Cryptocurrency Exchange? A Bitcoin cryptocurrency exchange is an online platform where Bitcoins and other altcoins are bought and sold by matching buyers with sellers. Just like every other commodity, the price of Bitcoin is determined by supply and demand. There are Bitcoin exchanges spread across the globe, which provides support to different users across regions. There are numerous functions carried out by crypto exchanges, however, most of them possess varying functions. Some exchanges approve fiat currency-based transactions while others carry out the only cryptocurrency. Some Bitcoin exchanges are supervised by regulatory bodies while others are not. It is worth mentioning though that a good cryptocurrency exchange should allow for supervision from the authorities to ensure that its users’ funds and information are protected. Some exchanges don’t sell Bitcoins at any cryptocurrency for that matter, rather they create a means for their users to make “bets” on price fluctuations of a cryptocurrency. There is a truckload of Bitcoin exchanges to choose from and this guide will make it easier for the reader to make a decision. Questions to Answer Before Choosing a Bitcoin Exchange 1- Is the exchange affordable? When choosing an exchange, you have to look out for the costs of using that platform. If an exchange charges excessive fees per trade and you just happen to be a frequent trader, it means that you will be spending a whole lot on commission fees and this could eat into your profits. You also need to find out how much is charged for overnight fees, withdrawal fees as well as deposit charges. 2- Is the exchange compliant with regulations? You also have to find out if the exchange you plan on adopting governed by regulatory agencies. The reason for this is to ensure that the exchange is obeying the set rules by the authorities thereby protecting you, the user, from negative market occurrences like hacks, market manipulation and so on. Some of this regulatory body include the CySec and the FCA. 3- Do they have responsive customer service? This is a very important aspect of selecting an exchange. You want to make sure that the exchange you’re using has an active customer care service to assist you in times of uncertainty or confusion. 4- Is the exchange highly liquid? You need to find out if your desired exchange has a constant inflow of liquidity so your transactions can be carried out without much delay. In a situation where liquidity is poor, facilitating transactions will be very problematic which could render the trader stranded 5- Is it available for your location? You need to find an exchange that renders services to your locality. Also, you need to make sure that the exchange remains accessible even in an event where they change location. 6- Is the exchange site trustworthy? Be sure to always look out for indications of authenticity and trustworthiness of the exchange website. 7- Are they offering professional trading on your behalf? It should be noted that any crypto exchange platform that is promising to offer you “professional trading services” for a fee or whatever reason, is a sham and as such should be avoided at all costs. Best Bitcoin Sites for 2019 Now that we know what to look out for before choosing an exchange, let us look at a suitable platform with their features, advantages, and disadvantages. In no particular order, listed below is the 2019 best cryptocurrency exchange/site. CryptoRocket CryptoRocket is an offshore brokerage which is owned by CryptoRocket Limited and is registered and situated at St. Vincent and the Grenadines. This platform uses a MetaTrader 4 trading system and it offers a variety of assets ranging from forex to stocks, cryptocurrencies, indices and a hist of other assets for its users to trade on. The cryptocurrency section offers trades on Bitcoin, Monero, Zcash, Ethereum, Tron and a lot more. Pros and Cons Pros: It offers a great variety of cryptocurrencies and other assets to choose from. It doesn’t require excessive verification procedures. It has a delightful user-friendly interface. It requires zero fees on deposits, withdrawals, and other transactions. Cons: There are no cryptocurrency wallets available on this platform. It has limited payment options. It currently does not operate in a lot of countries including the United States. Binance Binance is a Hong Kong-based cryptocurrency exchange previously situated in China, where they subsequently moved to Japan, Taiwan, and finally Malta in search of a more suitable national regulation. Binance is the largest cryptocurrency trading platform in the world, as regards volume. Binance offers a wide array of cryptocurrencies available for trade including Bitcoin, Ethereum, Tether, and their native coin BNB. Pros and Cons Pros: It doesn’t require excessive verification to trade cryptocurrencies. Just your email will do. It allows cryptocurrency deposits as well as fiat currencies. It offers a great selection of up-to-date cryptocurrencies. Cons: Binance is the most targeted exchange from hackers and phishers. Verification becomes slow when looking for extended limits. Coinbase Coinbase is an American-based fiat-cryptocurrency exchange that accepts US dollars, as well as other specific fiat currencies, in exchange for Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and Ripple. Coinbase is a very sort after crypto exchange because of its wide availability and its user-friendly platform. However, Coinbase is among the most costly Bitcoin exchanges to use. This is a result of the impressive level of investor protection they offer their customers. Pros and Cons Pros: In Coinbase, you own the Bitcoin or the crypto asset you’re buying on the exchange. There is no need to make deposits of funds when you want to buy Bitcoin (for instance those who use credit cards). The Coinbase platform has a user-friendly interface and is easy to understand by newbies. Also, on Coinbase, the fees required for credit card transactions are very low. Cons: The trading fees charged by Coinbase are relatively higher compared to those charged by other top cryptocurrency exchanges. The credit card charges are also relatively high compared to other top exchanges. 24Options 24Options is one of the best trading platforms for Bitcoin and other cryptocurrencies. This platform gained a great deal of fame when they carried out a market strategy that involved supporting and sponsoring a football giant, Juventus. 24Option trades traditional cryptocurrencies as well as CFDs. The platform, which has an impressive user-friendly interface, also trades other assets including stocks, commodities, and forex. 24Option has indicated interest in exploring Cannabis stocks, which is currently a booming sector in the global markets. Pros and Cons Pros: They accept payment methods from electronic wallets, credit and debit cards, as well as bank transfers. They adhere to regulations set by regulatory authorities (CySec, FCA) which ensures the protection of the user, in this case, you, from unfavorable events in the market. The platform allows a minimum deposit of $100 US dollars, making it favorable for those looking to test the platform with a small amount before fully investing in it. Cons: It has different account levels which are very expensive. It is not operational in many countries around the world, including the United States. Coinmama Coinmama is a cryptocurrency exchange that was created as well as became fully operational in early 2013. This exchange is available globally as it provides services to as many as 188 countries. It became popular in 2017 when it was discovered as one of the exchanges with the fastest purchasing processes in trading Bitcoin and other altcoins using a debit or credit card. Pros and cons Pros: It is readily accessible to a wide range of locations. Credit cards, debit cards, and bank transfer payment methods are accepted by this exchange. Coinmama continuously tries to expand the cryptocurrency pairs it offers. Cons: It is a very expensive exchange platform to use. It restricts users from selling back their cryptocurrencies. Bittrex Bittrex is another major American-based cryptocurrency exchange that enables trades on hundreds of altcoins including Bitcoin. Bittrex used to be the lowest charging exchange in the industry with a fee of 0.25 percent per trade until Binance came into play. However, Bittrex is still one of the best options when it comes to routine buying and selling as well as providing access to several “obscure” altcoins. Pros and Cons Pros: Bittrex has a very strong trading selection, and they consistently provide useful updates to the platform to keep abreast of the ever-increasing advancements in Blockchain technology. It charges decent commission rates for executed transactions. Cons: It is quite expensive for customers who trade frequently. Gemini Gemini exchange was founded by the Winklevoss Twins in October 2015. Cameron and Tyler Winklevoss gained their popularity when they sued Mark Zuckerberg over Facebook. Gemini is a very solid crypto exchange that offers cheap fees, advanced order type and a varied selection of altcoin. Gemini is based in New York and is striving to attain the highest level of FinTech licensing that the state can grant. This makes Gemini a sort after platform for both institutional and individual investors to trade Bitcoin and other altcoins. Pros and Cons Pros: Gemini exchange is considered to be affordable for a fiat-inclusive exchange. It offers very trustworthy and secure services. It enables fiat deposits and withdrawals. Gemini is a high volume exchange thereby ensuring that the user transactions/trades can always be carried. Gemini is also easy to use and understand. Cons: There is a limited option for trading altcoins. The platform doesn’t enable mobile support. It doesn’t allow for margin trading. The only fiat currency it accommodates is the US dollar. Bitfinex Bitfinex, founded in 2012, is one of the oldest cryptocurrency exchanges and has its headquarters in Hong Kong. This exchange accounts for a substantial amount of the daily volume of Bitcoin and other altcoins around the globe. Bitfinex offers margin trading and lending across about 263 crypto assets which include crypto-to-crypto pairs and crypto-to-fiat pairs, thanks to its BVI entity. Unfortunately, this exchange is not available to United States citizens. Bitfinex boasts of having one of the strongest user interfaces among crypto exchanges. Though this exchange was involved in the unaudited growth of Tether and other scandals, Bitfinex has mended its ways by avoiding scandalous activities and by providing a high quality of service to its customers. Pros and Cons Pros: It has a complex yet intuitive trading platform. It has a strong selection of cryptocurrency assets including Bitcoin for its users to choose from. Cons: It doesn’t support mobile use. It is unavailable in the United States. Kraken Kraken is a Canadian-based crypto exchange which has a strong selection of altcoins and offers a wide array of trading options. They also offer margin and leverage trade. Kraken seems to be struggling with advancing with market trends, but it still tries to keep up in one way or the other. Even though Kraken struggles with high trading volume on some days, it still functions as it should. The CEO of Kraken, Jesse Powell is advocates the good customer service promised by the platform by being publicly active on social media and responds to inquiries and criticism by customers. Pros and Cons Pros: It provides margin and leverage trading. It has a very strong customer service system. It supports trading of a good selection of crypto assets including Bitcoin. Cons: It has a slow-paced development process. ShapeShift ShapeShift is among an important class of exchanges that instantaneously provides liquidity for crypto-traders without requiring any identification from these traders. ShapeShift has been integrated into a selection of trading wallets for inter-wallet trading. This exchange is concerned about its customers’ convenience and is an exchange that will always be consistent with its services. Pros and Cons: Pros: ShapeShift is a very convenient exchange. It has a strong online presence and is available in popular wallets. Cons: It is costly to utilize. It has liquidity related issues on rare occasions. Changelly Changelly is another exchange that provides instant liquidity for traders on the go. Just like ShapeShift, Changelly’s API brings speedy trading to different wallets as well as other crypto applications. This kind of exchange fills a very important section of the crypto industry. Pros and Cons: Pros: Just like ShapeShift, Changelly is also a very convenient crypto exchange. It is built into popular cryptocurrency applications. Cons: It is equally costly to utilize. It faces occasional liquidity issues. KuCoin KuCoin has been dubbed the Binance clone by some because it offers many of the benefits that come with Binance; discounted fees, cheap trading with proprietary crypto, and it provides a wide selection of assets. Whether this exchange is a Binance copycat or not, it sure provides an excellent trading platform for its users. Pros and Cons Pros: It provides cheap fees to its users. It provides access to a good number of coins as well as “obscure” coins. Cons: It is feared as not adequately regulated. All in all, Binance trumps every other exchange in the aspect of affordability. In Binance, traders are charged a measly 0.10 percent for every by or sell order. This figure is way lower than the industry average. To make it even more unbelievable, Binance offers a 50 percent discount (0.05 percent) for traders using the exchange’s native coin, BNB. Even though other copycat exchanges try to mimic the payment structure of Binance, they never seem to attain better pricing. However, some CFD brokerage like Robinhood offers a zero charge trading fee (0.0 percent), although these companies make their money from spreads and other subtle means. This means that the traders still pay a fee, they just don’t notice it. So What Exactly is a CFD? A CFD (Contracts For Difference) is a category of a cryptocurrency exchange that does not sell any cryptocurrency asset instead, CFD brokerages create a means for users to “bet” on the price of Bitcoin and other altcoins. CFDs are the way to go for traders looking to trade Bitcoin without having to deal with the stress that comes with owning a Bitcoin asset. However, the stakes are higher when it comes to CFDs. It is easier to lose one’s trading capital on a CFD. Only experienced and adept traders are advised to venture into CFD trading. So, if you want to trade the real thing, go with a conventional Bitcoin exchange and not a CFD. Categories of Bitcoin Exchanges There are two distinct categories of Bitcoin exchanges; centralized and decentralized. Simply put, centralized exchanges are exchange platforms that approve the use of fiat currency (US dollars, British Pounds, Japanese Yen) as a means of payment, while decentralized are those that accept only cryptocurrencies as means of payment. Characteristics of Centralized and Decentralized Exchanges Centralized: Centralized exchanges are very compliant with stringent rules and regulations. This exchange also provides a higher level of security to its investors as compared to other exchanges. However, centralized exchanges have a limited range of services that they offer. Decentralized: Unlike centralized exchanges, decentralized exchanges offer a wider variety of services to its customers. Also, they don’t adhere to strict rules and regulations proffered by regulatory bodies. However, this feature leaves it open to several fraudulent activities and renders it susceptible to hacks. Final Thought There are a plethora of cryptocurrency platforms in existence today. Some of these platforms should never be explored because they can leave you susceptible to hacks and fraudulent losses. This guide is intended to be an eye-opener for the reader and to help the reader navigate through cryptocurrency exchange selection. Source: https://cryptoevent.io/news

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – July 24 ETH/USD Medium-term Trend: Ranging · Resistance Levels: $280, $300, $280 · Support Levels: $200, $180, $160 Yesterday, July 23, the price of Ethereum was in a range bound move below the 12-day EMA and the 26-day EMA. On July 16, after the downward trend correction at the $200 price level, the bulls made an upward move to break above the EMAs. The bulls are facing resistance at the 12-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend to retest the $320 and $340 resistance level. On the other hand, if the bulls fail to break the EMAs, the ETH price will continue to range below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the price of Ethereum is in a bullish trend. The 12-day EMA and the 26-day EMA are pointing northward. On July 24, the bulls made an upward move to break above the EMAs. The crypto's price is facing resistance at the $225 price level as the price retraces to the support of the 12-day EMA. The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source:

Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20 BTC/USD Long-term Trend: Ranging Resistance $10,500, $11,000, $11,500 Support levels: $10,000, $9,500, $9,000 The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level. On the other hand, if the bulls fail to break above the EMAs. the crypto's price will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – July 18 LTC/USD Medium-term Trend: Bearish · Resistance Levels: $100, $110, $120 · Support levels: $90, $80, $70 Yesterday, July 17, the price of Litecoin was in a bullish trend. On July 16, the downward correction ended at the price of $80 price level. The $80 support level was the previous low of April 11 and May 6. The support level is holding as the bulls made an upward move towards the EMAs. On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will rise and retest the $140 overhead resistance level. However, the bulls are likely to face resistance at the $120 price level.The MACD line and the signal line are below the zero line which indicates a sell signal. LTC/USD Short-term Trend: Bullish On the 1-hour chart, the LTC price is in a bullish trend. The 12-day EMA and the 26-day EMA are trending upward because the price has commenced an upward movement. On July 16, in the downtrend, the bears reached a low of $76 but pulled back above the $80 price level. Yesterday, the bulls broke above the EMAs and commenced ranging below the $94 price level. Today the bulls have broken the $94 resistance level and are approaching the high of $100.The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.co

Ethereum Price Prediction: Long-term (ETH) Value Forecast – July 13 ETH/USD Long-term Trend: Bearish · Resistance Levels: $240, $260, $280 · Support Levels: $220, $200, $180 On June 26, the ETH market reached its peak price of $340 price level. The bulls tested the $340 price level and were resisted. The market fell to the support of the 12-day EMA to commence a range bound move above the EMAs but below the $320 resistance level. The bulls were facing another resistance at the $320 price level after the overhead resistance. On July 9, the bulls were resisted at the $320 price level and the ETH market commenced a downward correction. The bears broke the 12-day EMA and the 26-day EMA as the downtrend continues. The ETH price has fallen into the previous range bound zone of $220 and $280. The crypto may likely revisit the previous low of $220 price level. A trend line has been drawn to determine the duration of the bearish trend. A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 11 BTC/USD Medium-term Trend: Bullish · Resistance Levels: $12,000, $11, 800 ¸ $12,400 · Support levels: $11,400, $11,200, $11, 000 Yesterday, July 10, the price of Bitcoin was retracing from the $13,000 resistance level. On June 26, the BTC market reached the $13000 price level and was resisted. The price fell to the support of the 26 –day EMA and commenced a range bound move above it. On July 9, the bulls were resisted as price retraced to the support of the 26-day EMA. From the Fibonacci tool, the price fell to the support of the 0.382 Fib. retracement level. The 0.382 Fib. retracement level is a continuation zone. If the bulls defend this level, the crypto’s price will rise. On the upside, if the bulls break the $13, 000 price level, the crypto’s price will rise and test the high of $14,000 price level. The crypto’s price is above the EMAs which indicate that price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal. BTC/USD Short-term Trend: Bullish On the 1-hour chart, the BTC price is in an uptrend trend. The 12-day EMA and the 26-day EMA appears to be heading northward. The crypto’s price was in an upward move above the 12-day EMA and the 26-day EMA until the bulls were resisted at the $13,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – July 6 LTC/USD Long-term Trend: Bearish · Resistance Levels: $140, $150, $160 · Support levels: $110, $100, $90 The LTC/USD pair is now in a bearish trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is falling and may be range bound. The crypto’s price is below the EMAs which indicate that price may further depreciate. On June 22, the LTC market reached a high of $140 price level. On June 23, the bulls were resisted and the LTC market was on a downward correction to a low at $114 price level. At the support of the $110, the bulls made an upward move to reach the bullish trend zone. The bulls were resisted again as the price fell below the EMAs. On the upside, if the bulls break the EMAs and price is sustained above it , the crypto will retest the $140 price level. On the other hand, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound move. From the Fibonacci tool, the LTC price is in 0.50(50%) Fib. retracement level which is a downtrend zone. The 0.50(50%) Fib. retracement was holding as the bulls took control of price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – July 4 LTC/USD Medium-term Trend: Bullish Resistance Levels: $140, $150, $160 Support levels: $120, $110, $90 Yesterday, July 3, the price of Litecoin was in a bullish trend attempting to break the EMAs and reach the bullish trend zone. Presently, the LTC market is in a bullish trend but below the 12-day EMA and the 26-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $134 and $140 resistance levels. On the other hand, if the bulls fail to break the EMAs, the LTC price will be in a range bound move. From the Fibonacci tool, the price of Litecoin is in the downtrend zone of 0.50 Fib. retracement level. Yesterday, the price did not continue its fall to the 0.786 Fib. retracement level. Rather the LTC price is moving upward. The MACD line and the signal line are above the zero line which indicates a buy signal. LTC/USD Short-term Trend: Bullish On the 1-hour chart, the LTC price is in a bullish trend. In the lower time frame, the LTC market is facing resistance at the $122 price level. The bulls have tested the resistance level on four occasions. On each occasion, the price would fall to the support of the EMAs after testing the resistance level. Today the bulls have broken the $122 resistance and reach a high of $125. The price of Litecoin is retracing at a high of $126 price level. The MACD line and the signal line are above the zero line which indicates signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 29 ETH/USD Long-term Trend: Bullish · Resistance Levels: $320, $340, $360 · Support Levels: $300, $280, $260 The ETH/USD pair is now in a bullish trend. In retrospect, the price of Ethereum had been in a sideways trend trading between the levels of $220 and $280 for a month. On June 21, the bulls broke the $280 overhead resistance and reached the high of $315. From the chart, on June 26, the bulls tested the $360 price level and were resisted. The ETH market was on a downward correction to the support of the 12-day EMA. The 12-day EMA support level was holding as the bulls make an upward move to the previous highs. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the other hand, if the bears break below the EMAs, the crypto’s price will fall to the low of $240 price level. On June 1, the ETH price has an opening balance of $267 and closing balance of $308 as at June 28. The price of Ethereum appreciated by 15% of its capilisazation in the month of June 2019. From the Fibonacci tool, the ETH price is in the downtrend zone of 0.50 Fib retracement level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – June 27 LTC/USD Medium-term Trend: Bullish · Resistance Levels: $140, $150, $160 · Support levels: $120, $110, $100 Yesterday, June 26, the LTC price was falling as the bulls fail to break the $140 overhead resistance level. The bulls have failed to break the $140 overhead resistance since June 11. On June 22, the bulls made their final attempt to break the $140 price level but were resisted. The bears have broken below the 12-day EMA and the 26-day EMAs which suggest that there is a likelihood of price continuous fall. From the Fibonacci tool, the LTC price has broken the 0.236 and it is approaching the 0.382 Fib. retracement level. On the downside, if the bears break the 0.382 Fib, retracement level, the LTC price will be in the downtrend zone, trading at the $100, or $110 support level. The MACD line and the signal line are above the zero line which indicates a buy signal. LTC/USD Short-term Trend: Bearish On the 1-hour chart, the LTC price is in a bearish trend. On June 25 and 26, the bulls were resisted at the $137 resistance zone. The crypto’s price fell to a low at $115 as the bulls pulled back price to the EMAs. The price of Litecoin may further depreciate as price is below the EMAs. The MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.co

Ethereum Price Prediction: Long-term (ETH) Value Forecast – June 22 ETH/USD Long-term Trend: Ranging · Resistance Levels: $300, $320, $340 · Support Levels: $280, $260, $240 The ETH/USD pair is now in a bullish trend. In the last one month, the price of Ethereum had been trading between the levels of $220 and $280. The bulls had made several attempts to break out this range but to no avail. On June 21, the bulls broke the $280 upper price range and reached the previous high of $315 price level. The 12-day EMA and the 26-day EMA are trending northward indicating an uptrend. A trend line has been drawn to determine the duration of the bullish trend. If a bullish trend is ongoing, the candlestick will test the trend line and make an upward move to the previous highs or new highs. eETH/USD pair is still in a bullish trend. However, if price breaks the trend line and another candlestick closes on the opposite of it; the bullish trend is said to be terminated. The ETH price is expected to reach a high of $340 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 20 BTC/USD Medium-term Trend: Bullish · Resistance Levels: $9,000, $9,200, $9,400 · Support levels: $8,800, $8,600, $8, 400 Yesterday, June 19, the BTC price was in the bullish trend zone. The hurdle to jump over is the $9,400 overhead resistance. The bulls have been battling to jump over the $9,400 resistance since June 17. Today, the BTC price was trading at $9,277 as at the time of writing. The crypto is trading and ranging below the overhead resistance levels. From the Fibonacci retracement level, the market is trading above the 0.236 and 0.382 Fib. retracement levels. These are continuation zones for a trending market. The BTC coin is expected to break the $9,400 resistance level. On the upside, the bulls will overcome the $9,400 resistance, if more buyers are introduced at the upper price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is in a bullish trend. From the chart, the bulls have tested the $9,400 resistance level on more than three occasions . Three attempts had been made to break the overhead resistance but to no avail. On the upside, if the bulls break $9,400 overhead resistance, the crypto’s price will reach the $10,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – June 15 LTC/USD Long-term Trend: Bullish · Resistance Levels: $120, $140, $160 · Support levels: $110, $80, $60 The LTC/USD pair is in the bullish trend zone. The LTC market had earlier traded in a sideways trend. On April 3, the LTC made an upward move but were resisted at the upper price level. The price retraced to the support of the $80 price level and commenced a sideways trend. On May 11, the LTC market resumed a bullish trend. The crypto’s price is making a series of higher highs and higher lows. The crypto’s price retraced to the support of 12-day EMA at the $100 and $120 price levels but the bulls continue their upward move to the higher price levels. Presently, the crypto’s price is facing resistance at the $135 price level. From the Fibonacci retracement level, the price is at the 0.236 (23.6%) Fib. retracement. On the upside, the LTC price is likely to rise because the price is in the continuation zone of the 0.236 (23.6%) and 0.382 (38.2%) Fib. retracement levels. In addition, if the bulls overcome the $135 resistance level, the price would reach a high of $150 or $160 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Ethereum Price Prediction: Long-term (ETH) Value Forecast – June 8 ETH/USD Long-term Trend: Ranging · Resistance Levels: $280, $300, $320 · Support Levels: $240, $220, $200 The ETH/USD pair is trading in a range-bound zone. The ETH market is trading between the levels of $240 and $280. In the last three weeks, the bulls and the bears were yet to break their respective levels. On June 3, the bulls were resisted and the price fell to the $240 support level. The lower price range was holding as the bulls took another initiative to resume the range bound move. However, the appearance of small body candlesticks provides indecision between the buyers and sellers at the current market price. Nevertheless, if the crypto continues its range-bound movement, the price of Ethereum is likely to face a bullish breakout or a bearish breakout. At the upper price level, if there is a bullish breakout at the $280 resistance level, the ETH price will rally above the $320 price level. On the other hand, if there is a bearish breakout at the $240 price level, the coin will depreciate to a low at $160 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – June 1 LTC/USD Long-term Trend: Bullish · Resistance Levels: $105, $110, $115 · Support levels: $100, $90, $80 The LTC/USD pair is in the bullish trend zone. On April 3, the LTC market had been trading below the $100 resistance level before it was broken. During the month of April, the LTC market fell to a low at $70 support level. In the month of May, the bulls made an upward move and tested the $100 resistance twice before breaking it. On May 24, the bulls broke the $100 resistance level to reach a high of $120 price level. The bulls were resisted at the $120 price level and price retraced to the support of the 12-day EMA. On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level. On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Meanwhile, the coin has an opening balance of $78 in the month of May 2019. The crypto has a closing price of $114 as at May 31. This indicates that the LTC market appreciated by 46% of its capitalization in the month of May 2019. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 30 ETH /USD Medium-term Trend: Ranging · Resistance Levels: $270, $280, $290 · Support Levels: $260, $250, $240 Yesterday, May 29, the price of Ethereum was still in a sideways trend. Since on May 26, the ETH market had been fluctuating between the levels of $260 and $280. The bulls were being resisted at the $275 price level while it was well supported at the $260 price level. On the upside, if the bulls break the $280 price level, the market is likely to rise to the highs of $290 and $300 price levels. On the downside, if the bulls fail to break the $280 price level, the market will fall to the support of the 26-day EMA or continue its range bound move. The MACD line and the signal line are above the zero line which is a buy signal. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the price of ETH is in a bullish trend zone. The bulls have broken the $280 overhead resistance and price is approaching the $290 price level. Nevertheless, if the bulls sustain the price above the $280 price level, the bulls will retest the previous highs. However, if the bulls face resistance at $295, the crypto’s price is likely to fall to the range bound zone. On the other hand, if the bulls break the initial resistance, the crypto’s price will soar above the $300 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – May 27 LTC/USD Medium-term Trend: Bullish · Resistance Levels: $116, $120, $124 · Support levels: $108, $104, $100 Last week the price of Litecoin reached its peak price of $104 while in a bullish trend. The market reached the $104 price level and was resisted by the bears. The LTC market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $84 support level. The EMAs are trending horizontally as the crypto’s price is fluctuating below and above it. On May 24 and 25, the bulls broke the EMAs and the overhead resistance of $104. The market is approaching the $116 price level. This was a positive sign as the bulls took control of price. However, the market is having a slight retracement after being resisted at the $116 price level. If the bulls sustain the price above the EMAs, the market will rise to the $120 price level. On the other hand, if the price continues its downward correction, it may fall to the $104 price level. LTC/USD Short-term Trend: Bullish On the 1-hour chart, the price of Litecoin is in a bullish trend. In the previous week, the market was in a sideways trend. The crypto’s price was fluctuating between the levels $88 and $93. However, in the last 48 hours, the crypto’s price was ranging above the $100 price level before the recent surge in price. The crypto’s price rose to a high of $116 price level but was resisted. The price retraced to the $110 price level and resumed its upward move.The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 23 ETH /USD Medium-term Trend: Bearish · Resistance Levels: $250, $260, $270 · Support Levels: $240, $230, $220 Yesterday, May 22, the price of Ethereum was in a sideways trend. The crypto’s price now ranges above the 12-day EMA but trades below the $260 resistance level. The ETH market is range bound between the levels of $230 and $260. The candlesticks pattern has changed to small bodies price bars like the Doji and the Spinning tops. This described the indecision between the buyers and the sellers at the current market price. Nevertheless, the crypto’s price is above the 12-day EMA which indicates that price will make an upward move. However, if the market continues its range-bound movement, the crypto is set for a price breakout or a price break down. A price break out would make the market rally above $280 price level. A price break down would further depreciate the crypto’s price. Yesterday, the market fell and depreciated to a low at $243 price level. Nevertheless, the crypto’s price is below the EMAs and will further depreciate to the previous low at $230 price level. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the price of ETH was in a bearish trend zone. The market had been on a downward correction after the resistance at the $280 price level. On May 21, the bulls were also resisted at the $262 price level. The ETH price was also resisted at the $260 and the $257 price levels. On each resistance, the price would fall below the EMAs but the bulls would make attempt to pull above the EMAs. Yesterday, the market fell and dropped to the previous low at $243 to commence a range bound move. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – May 18 LTC/USD Long-term Trend: Bearish · Resistance Levels: $90, $95, $100 · Support levels: $85, $80, $75 On May 6, the LTC/USD pair had traded up to the high of $92.94 but the bulls were resisted. The market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $70 support level. The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend. On May 14, the crypto’s price reached the $104 price level was resisted. The bears broke the 0.236 (23.6%) and 0.382 (38.2%) Fibonacci retracement levels and found support at the 0.50 retracement. ince the price has dropped below the continuation zone of the Fib. retracement level, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level. In other words, the price is likely to revisit the $80 support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 16 ETH /USD Medium-term Trend: Bullish · Resistance Levels: $250, $260, $270 · Support Levels: $240, $230, $220 Yesterday, May 15, the price of Ethereum was in a bullish trend. Since on May 14, the crypto’s price was making a series of higher highs and higher lows. The market rose from its low at $216.50 to a high at $270 price level. From the chart, the market has retraced to the support of the bullish trend line. If the price is holding at the support of the trend line, the crypto’s price will resume its bullish trend to retest the $270 price level. However, if the price breaks the trend line, it is likely that the selling pressure will resume. That is the price is likely to fall to another low at $226 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the price of ETH was in a bullish trend zone. Yesterday, the ETH price was trading at $246.78 and the price level was sustained up till the $270 price level. Presently, the bulls tested the $270 resistance level and were resisted. The crypto’s price has broken the trend line and another bearish candlestick closing after it. Technically, the current trend is likely to have reversed. The coin is currently trading at $259.30 as at the time writing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Top of Form Source: www.bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – May 11 LTC/USD Long-term Trend: Bearish · Resistance Levels: $60, $70, $80 · Support levels: $60, $50, $40 On April 7, the LTC/USD pair had been in a downtrend. On April 6, the crypto’s price reached a high of $92 but the bulls were resisted at the $96 price level. The crypto’s price fell to the support of the $70.93 price level. On April 30, the $70 support level was holding as the bulls initiated a bullish trend. The bulls broke the 12-day EMA and the 26-day EMA as price reached a high of $82.62 price level. The crypto’s price was resisted again at the $85 price level as the bears broke below the EMAs. The crypto’s price is below the EMAs which indicate that the price is likely to fall. If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level. On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level. The crypto’s price is trading at $78.12 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – May 8 BTC/USD Medium-term Trend: Bullish · Resistance Levels: $6,800, $6,900, $7,000 · Support levels: $6,000, $5,900, $5, 800 Yesterday, May 7, the price of Bitcoin was in a bullish trend zone. Yesterday, the crypto’s price rose and tested the $6,300 price level and was resisted. The BTC price was facing resistance at the $6,300 price level. The crypto’s price fell to the support of the 12-day EMA. In other words the crypto’s price broke the 0.236 (23.6%) Fibonacci retracement level. The crypto's price would be in a downtrend if it had broken the 0.382 (38.2%) Fibonacci retracement level. The BTC price is likely to rise because it is within the continuation zone of the Fibonacci levels. The crypto's price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the downside, if the bears break below the EMAs, the BTC price will be in a downtrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is in a bullish trend zone. On May 7, the bulls tested the $6,280 resistance level on two occasions and were resisted. In the second attempt, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $6,096.90. If the $6,100 price level holds, the crypto’s price will rise to retest the $6,300 resistance level.The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com

New paper finds that Twitter, Google Trends can help predict crypto price fluctuations The Southern Methodist University recently put out a research paper that found a couple of standout facts regarding the cryptocurrency industry. Most notable is the finding that tweet count and Google search trends can help predict when crypto prices are about to change. Correlation is key That’s right. As reported by Bitcoinist, the paper notes that despite the volatile market and prices regarding Bitcoin and Ethereum, it’s possible to predict potential changes when factoring in user sentiment: “Twitter is increasingly used as a news source influencing purchase decisions by informing users of the currency and its increasing popularity. As a result, understanding the impact of tweets on price direction can provide a purchasing and selling advantage to a cryptocurrency user or a trader. By analyzing tweets, we found that tweet volume, rather than tweet sentiment (which is invariably overall positive regardless of price direction), is a predictor of price direction.” Of course, the paper uses Bitcoin and Ethereum because of the popularity of the two. Cryptocurrency wallets are full of these assets, and companies are consistently trying to make Bitcoin trading much easier than it has been. These currencies are tweeted about the most often, hence they make a great model for studying. However, the University made sure to tie this in with another big source, Google Trends: “By utilizing a linear model that takes as (sic) input tweets and Google Trends data, we were able to accurately predict the direction of price changes. By utilizing this model, a person is able to make better informed purchase and selling decisions related to Bitcoin and Ethereum.” How accurate are these findings? Interestingly, in their research, the group found that “sentiment analysis is less effective for cryptocurrency price changes in an environment in which prices are falling”. This is because tweets about crypto and blockchain tend to lean towards the positive side or are neutral. Cryptocurrencies are not mainstream. Those who tweet about them generally have a “special interest” in the technology which is why you don’t see much negativity within them. Put simply, it is then the number of tweets, not so much the emotions within them, that alter cryptocurrency prices. Of course, one has to account for bots on Twitter. There are all sorts of fake Twitter accounts within the cryptocurrency space – some of which promote Bitcoin robot scams. Regardless, it’s not always clear when an account is a bot, meaning their tweets will still factor into the reception of cryptoassets. As for the results, the team found that Google Trends searches for Bitcoin and Ethereum would jump up before prices did the same. The same happens with Bitcoin and tweets regarding it. These findings may seem obvious, but they show that user interest can in fact change crypto prices, rather than the common belief that tweets and online discussion follow price changes. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers

Bitcoin Trading: Steady Bitcoin Pumps a Slight Recovery in Top 20 Altcoins Bitcoin (BTC) Price Analysis – April 30 The recent steady movement in Bitcoin price was as a result of low volatility in the course of the last five days of trading which had tightened trading between the range of $5100 and $5300. However, a surge in volatility is expected to determine the next ultimate direction of the giant crypto. BTC/USD Long-term Trend: Bullish (1D chart) Key Levels: Resistance levels: $5600, $6000 Support levels: $4800, $4500 From the long-term perspective, we had seen how Bitcoin managed to crawl above the green trend-line before the notable spike in early April which has floated price above the $5000 level. After the sudden price increase, BTC has flagged up with steady movement in the channel. Last Thursday, Bitcoin dropped to $5000 from the $5600 high level. Since then, the market has been trading below $5400 till this moment with choppy price action. While indecisive, we may experience another surge in volatility which could take Bitcoin to the next phase. The RSI is currently indecisive. A downward direction may lead to a bearish breakout. Below the channel lies a tight range between $4800 and $4500. The 4-hours Stochastic RSI suggested BTC to be bearish. BTC/USD Medium -term Trend: Bullish (4H Chart) After the April 2 sudden price surge, Bitcoin has remained in the ascending channel. Though, nothing much has changed since the leading cryptocurrency poised $5600, the current resistance. For the past five days now, Bitcoin’s volatility has been relatively low. As a result of this, the market appeared indecisive with choppy price action. Sitting on the lower trend line, below the channel lies $4900 and $4700 support. On the upside, the market may retest $5500 and $5600 resistance levels, where the upper trend line lies. Above this channel, Bitcoin could create a new high around $5800 and $6000 levels. The 4-hours RSI is rising above the 40 level. A further incline may project BTC price at $5500. Significantly, the 4-hours Stochastic RSI lies close to the overbought territory. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to trade Bitcoin successfully: https://insidebitcoins.com/trading/bitcoin Best cryptos exchanges: https://insidebitcoins.com/cryptocurrency-exchanges