Markets Roundup by F1Cryptos

[F1 Cryptos]

Ethereum inched lower on Friday, decreasing the price of digital currency to less than $800.00 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $784. A hurdle can be noted near $800, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[CryptoTC]

Good info. I finally decided to add more ETH at the $700 level a few days ago. Thinking very long term with it.

But the network issues need to be resolved soon before any more big runups will happen.

 

[F1 Cryptos]

Litecoin inched higher on Monday, increasing the price of digital currency to more than $150 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $151. A hurdle can be noted near $200, a key psychological level ahead of $206, 50% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

On the downside, a support may be noted around $138, an immediate horizontal support ahead of $100, the psychological level as well as another key horizontal support area and then $57, a major trendline support. The technical bias shall remain bullish as long as the $100 support area is intact.


US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[F1 Cryptos]

Bitcoin inched lower on Tuesday, decreasing the price of digital currency to less than $8600 after some key economic releases. The technical bias remains bearish because of a lower low in the recent downside move.

Bitcoin Technical Analysis

As of this writing, the digital currency is being traded near $8562. A hurdle can be noted near $10000, a key psychological level ahead of $11194, 50% fib level on the daily chart and then $19468, the high of the last major upside move. A break and daily closing above the $19468 level shall trigger renewed buying interest, validating a rally towards the $21000 resistance zone.

On the downside, a support may be noted around $8159, an immediate horizontal support ahead of $7000, the psychological level as well as another key horizontal support area and then $5559, the low of the last major downside move. The technical bias shall remain bearish as long as the $20000 resistance area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[F1 Cryptos]

Ethereum inched higher on Wednesday, increasing the price of digital currency to more than $850.00 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $853. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[The CC Forums]

Thank you very much for registering here and posting some tech analysis info. We currently don’t have a TA writer to cover this method of investing and trading. I appreciate your valuable insight and encourage you to keep posting.

You may also want to post analysis within each currency’s separate forum. I’ll leave that up to you.

You are welcome to share links to services you provide as well. Adding a link to a signature is a good way to get attention for a site.

Good info. Please keep us up to date with your thoughts. Thanks again.

 

[The CC Forums]

@F1 Cryptos Tagging you for a question.

Would you be OK with me moving this thread into the new Technical Analysis forum I created in this same section of the site?

I've been moving threads around regularly to better categorize info. Your posts are certainly market info, but I'd like to get the TA section going. Let me know when you get this message.

 

[F1 Cryptos]

Litecoin inched higher on Thursday, increasing the price of digital currency to more than $200 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Litecoin Technical Analysis

As of this writing, the digital currency is being traded near $225. A hurdle can be noted near $250, a key psychological level ahead of $306, 23% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

On the downside, a support may be noted around $138, an immediate horizontal support ahead of $100, the psychological level as well as another key horizontal support area and then $57, a major trendline support. The technical bias shall remain bullish as long as the $100 support area is intact.


US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[Old Man Crypto]

Litecoin inched higher on Thursday, increasing the price of digital currency to more than $200 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Litecoin Technical Analysis

As of this writing, the digital currency is being traded near $225. A hurdle can be noted near $250, a key psychological level ahead of $306, 23% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

.

I’m new to this kind of analysis for trading. Thank you for posting this. Will you be covering other coins besides these three?

I’m interested in Dash, Monero, Cardano and Tron. I don’t own any of those but might want to buy some. Thanks.

 

[CryptoTC]

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Do you think the payroll and unemployment data really affect crypto trading much?

The economy heating up might cause rising interest rates which some feel will keep negative pressure on stocks. And rising interest rates push bond prices down as yields rise. But crypto? I’m new to crypto, but I don’t think we’ve seen any rising interest rates since bitcoin was first unleashed into the financial world.

So will the numbers be bullish for crypto as people pull money out of stocks or bearish for crypto? Are there specific cryptos that benefit from rising interest rates?

Still trying to get a handle on crypto valuation basics.

 

[F1 Cryptos]

Bitcoin inched higher on Friday, increasing the price of digital currency to more than $9000 after some key economic releases. The technical bias remains bearish because of a lower low in the recent downside move.

Bitcoin Technical Analysis

As of this writing, the digital currency is being traded near $9986. A hurdle can be noted near $10000, a key psychological level ahead of $11194, 50% fib level on the daily chart and then $19468, the high of the last major upside move. A break and daily closing above the $19468 level shall trigger renewed buying interest, validating a rally towards the $21000 resistance zone.

On the downside, a support may be noted around $8159, an immediate horizontal support ahead of $7000, the psychological level as well as another key horizontal support area and then $5559, the low of the last major downside move. The technical bias shall remain bearish as long as the $20000 resistance area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[F1 Cryptos]

Ethereum inched higher on Monday, increasing the price of digital currency to more than $850.00 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $851. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in January, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report. The Department of Labor will publish January’s employment report on Friday.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[F1 Cryptos]

Ethereum inched higher on Friday, increasing the price of digital currency to more than $800. The technical bias remains bearish because of a lower high in the recent upside move.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $819. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the pychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

On the downside, a support may be seen around $818, the low of yesterday ahead of $567, the low of last major downside move and then $360, the confluence of two major trendline support levels. The technical bias shall ramiain bearish as long as the $954 resistance area is intact.

Vitalik Buterin’s Remarks

Ethereum founder Vitaik Buterin warns that cryptocurrencies still fall into hyper-volatile asset class and could plunge to near zero price anytime. He suggests investors to make only limited investment in cryptocurrencies which they can afford to lose.

Trade Idea

Considering the overall technical and fundamental outlook, selling the digital currency near current levels can be a good strategy in short to medium term. If you are looking to buy and store Etherum for long term then it is recommended to wait for a level around $600. Like other cryptocurrencies, ethereum is also under strong selling pressure. Given the current circumstances, a move towards $600 is very likely.

 

[CryptoTC]

Ether Technical Analysis

As of this writing, the digital currency is being traded near $784. A hurdle can be noted near $800, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

l
Ether Technical Analysis

As of this writing, the digital currency is being traded near $853. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Ether Technical Analysis

As of this writing, the digital currency is being traded near $851. A hurdle can be noted near $900, a key psychological level ahead of $1065, a key trendline resistance on the daily chart and then $1379, the high of the last major upside move. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.
On the downside, a support may be noted around $567, an immediate horizontal support ahead of $500, the psychological level as well as another key horizontal support area and then $400, another major psychological number. The technical bias shall remain bullish as long as the $567 support area is intact.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $819. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the pychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

On the downside, a support may be seen around $818, the low of yesterday ahead of $567, the low of last major downside move and then $360, the confluence of two major trendline support levels. The technical bias shall ramiain bearish as long as the $954 resistance area is intact.

Trade Idea

Considering the overall technical and fundamental outlook, selling the digital currency near current levels can be a good strategy in short to medium term. If you are looking to buy and store Etherum for long term then it is recommended to wait for a level around $600. Like other cryptocurrencies, ethereum is also under strong selling pressure. Given the current circumstances, a move towards $600 is very likely.

Could we get a definition of what short term and medium term means in time periods? Long term to me is a year or more. Shower-term limited to a few weeks or a month while intermediate anything between 8 weeks to 12 months?

Am I on with these numbers or way off?

 

[The CC Forums]

Could we get a definition of what short term and medium term means in time periods? Long term to me is a year or more. Shower-term limited to a few weeks or a month while intermediate anything between 8 weeks to 12 months?

Am I on with these numbers or way off?

For stocks, most consider short term to be 9 months or less, intermediate from 9 months to a few years and long-term anything over 3-5 years out.

In crypto, short-term means 2 weeks to 2 months, intermediate 2-6 months and long-term is anything held over 6-18 months. There’s no term for anyone holding more than 2 years because no one has yet to find that mythical investing beast.

 

[CryptoTC]

For stocks, most consider short term to be 9 months or less, intermediate from 9 months to a few years and long-term anything over 3-5 years out.

In crypto, short-term means 2 weeks to 2 months, intermediate 2-6 months and long-term is anything held over 6-18 months. There’s no term for anyone holding more than 2 years because no one has yet to find that mythical investing beast.

So crypto years are like dog years, 7 crypto years for 1 stock investing year.
And I chose a cat avatar. What was I thinking?

 

[F1 Cryptos]

Litecoin inched higher on Tuesday, increasing the price of digital currency to more than $150 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Litecoin Technical Analysis

As of this writing, the digital currency is being traded near $157. A hurdle can be noted near $250, a key psychological level ahead of $306, 23% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

On the downside, a support may be noted around $138, an immediate horizontal support ahead of $100, the psychological level as well as another key horizontal support area and then $57, a major trendline support. The technical bias shall remain bullish as long as the $100 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in February, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.

 

[F1 Cryptos]

Ethereum inched lower on Friday, decreasing the price of digital currency to less than $550. The technical bias remains bearish because of a lower high in the recent upside move.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $516. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the psychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

On the downside, a support may be seen around $509, the low of yesterday ahead of $500, a major psychological level and then $360, the confluence of two major trendline support levels. The technical bias shall remain bearish as long as the $954 resistance area is intact.

Vitalik Buterin’s Remarks

Ethereum founder Vitaik Buterin warns that cryptocurrencies still fall into hyper-volatile asset class and could plunge to near zero price anytime. He suggests investors to make only limited investment in cryptocurrencies which they can afford to lose.

Trade Idea

Considering the overall technical and fundamental outlook, selling the digital currency near current levels can be a good strategy in short to medium term. If you are looking to buy and store Etherum for long term then it is recommended to wait for a level around $600. Like other cryptocurrencies, ethereum is also under strong selling pressure. Given the current circumstances, a move towards $600 is very likely.

 

[CryptoTC]

Ethereum inched lower on Friday, decreasing the price of digital currency to less than $550. The technical bias remains bearish because of a lower high in the recent upside move.

Ethereum Technical Analysis

As of this writing, the digital currency is being traded near $516. A hurdle can be noted around $954, a key horizontal resistance area ahead of $1000, the psychological level and then $1044, the upper trendline resistance area as demonstrated in the given below daily chart.

On the downside, a support may be seen around $509, the low of yesterday ahead of $500, a major psychological level and then $360, the confluence of two major trendline support levels. The technical bias shall remain bearish as long as the $954 resistance area is intact.

I picked up a small amount of ETH over the last few days.

If it stays under $600, I’ll pick up a little more after April 1.

 

[F1 Cryptos]

Litecoin inched higher on Monday, increasing the price of digital currency to more than $150 after some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.

Litecoin Technical Analysis

As of this writing, the digital currency is being traded near $157. A hurdle can be noted near $250, a key psychological level ahead of $306, 23% fib level on the daily chart and then $369, the high of the last major upside move. A break and daily closing above the $369 level shall trigger renewed buying interest, validating a rally towards the $400 resistance zone.

On the downside, a support may be noted around $138, an immediate horizontal support ahead of $100, the psychological level as well as another key horizontal support area and then $57, a major trendline support. The technical bias shall remain bullish as long as the $100 support area is intact.

US Payrolls Report

The ADP national employment report showed private sector employment rose by 234,000 jobs in February, beating economists’ expectations for an increase of only 185,000. December’s payrolls count was revised down to 242,000 from 250,000.

Manufacturing added 12,000 jobs last month and construction payrolls increased 9,000 despite bitterly cold temperatures in many parts of the country. There were also widespread job gains in the private services sector.

The ADP report is jointly produced with Moody’s Analytics. It, however, has a poor record predicting the private payrolls component of the government’ more comprehensive employment report.

Trade Idea

Considering the overall technical and fundamental outlook, buying the digital currency around current levels appears to be a good strategy in short to medium term.