, 22 Sep 2016 - Analysis, Bitcoin Price, Cryptocurrency Nathaniel Freire is a full time day trader trading Digital Assets, Forex and Stocks.Based in New Jersey, Nathaniel Freire specializes in technical analysis with a twist of social sentiment and fundamental analysis.You can follow Nathaniel on Twitter @Cryptocoinrun The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candlestick analysis.We aim for high-probability trade setups on BTCUSD and use very few indicators.All charts use BNC’s Bitcoin Liquid Index for maximum accuracy.The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks.Bitcoin is best traded as a purely speculative commodity on 4h+ timeframes.Market Sentiment And Macro Key Points Fed indicates US rate high is likely this year.Although the fed decided to keep interest rates at .25%, they indicated that a rate hike is likely to occur this year.It is speculated that if a rate hike where to occur, US stocks and the US dollar would suffer.

A judge in Florida ruled in a money-laundering case in July that bitcoin is not money.District Judge Alison Nathan in Manhattan ruled on Monday that bitcoin was indeed to be treated as money in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies.The U.S based digital-asset exchange, Gemini Trust Co.china wholesale bitcoinannounced on Wednesday the launch of the first-ever daily bitcoin auctions.ethereum maximum amountThe next BTC/USD auction will occur at 4:00 p.m.bitcoin ticker appEastern Time on Sept.bitcoin opinie 2017BOJ introduces rate target for 10 year government bonds and keeps it's key interest rate steady at 0.1%.bitcoin euro valuta

As the BTC/JYP trading pair has in recent months surpassed the USD trading market in volume and risen to 2nd place (after BTC/CNY), many traders are looking for signs of correlation between news out of the BOJ and the price of Bitcoin.The long term view chart still looks to be in great shape.We are hovering in the lower part of the up trend channel which means that we should have a move to the upside in the near future.fastest bitcoin hardwareVolume broke out of its long term consolidation two weeks ago and has remained consistent since which is a great sign for some volatility to come.ethereum is limitedLong Term Trade Idea Last week, we mentioned that BTC had a strong probability of retracing into our target buy zone.opinie o bitcoinWe believe BTC will retrace a bit further from its current price of $596 to ultimately test the $575.00 support level where we feel that BTC will be a great buying opportunity.deposit bitcoin sms

We do not see any high probability trades to enter this week as we are in the middle of the last 3 week range.We see a high probability chance of a sideways battle between bulls and bears in the $600.00 to $575.00 range.Overall we remain bullish as all indicators and patterns point towards a strong push towards the end of this month to mid next month.Short Term Trade Idea If we zoom into the 4hr chart, we can see a potential pattern developing which enforces our short term neutral bias for the remainder of this week going into next week.The pattern above is a Bullish Falling Wedge pattern which has a high probability of resolving to the upside.The above chart suggests a minor pullback to the $580.00 level which corresponds with our long term outlook buy level.Conclusion With overall sentiment of Bitcoin mixed and chart beginning to show signs of consolidation, we believe the price of BTC will be in a choppy range going into next week.We should have a busy October as we will be one month closer to SegWit and Lightning Network scaling solutions.

Also, let’s not forget about the SEC decision on the Winklevoss Bitcoin ETF on October 12th.Disclaimer: The information presented in this article is general information only.Information provided on, and available from, this website does not constitute any investment recommendation.Bitcoin soared more than 20% over the weekend, and hit a two-year high of $719.85 on Monday morning trading GMT, before dropping a bit when European markets opened.Bitcoin’s been on a tear recently.On May 22, the price was at $438.77.Then the big rally started, rising 59% so far.It’s still unclear what’s driving the surge.Some observers believe it’s related to the so-called “halving” event coming up in July, which will slice the reward paid to computing rigs, called miners, that confirm transactions on the bitcoin ledger by solving complex equations from 25 bitcoins to 12.5.Since such rewards account for all new bitcoin creation, bitcoins will become more scarce, especially as the math equations involved will be more complex.

Others believe that demand is being driven by global economic fears, such as the possible Brexit and China’s weakening economy, which are leading investors into an investment that isn’t linked to any one country.Zerohedge pegs the jump to China’s currency controls—because bitcoin is unregulated, investors in China can move their money to the digital currency to avoid restrictions.Vinny Lingham, a bitcoin analyst, believes that the price of bitcoin will have a near-term ceiling of around $700 until the halving event next month.The event will likely lead to a lot of volatility, but could propel bitcoin to the $1,000 range by the end of the year, he says.And it’s not just bitcoin that’s booming.Ether, an increasingly popular digital currency, is up more than 500% since launching less than a year ago, setting an all time high of $17.41 USD earlier today.While the world marvels at the seemingly unstoppable growth of digital cryptocurrency Bitcoin, its closest rival, Ethereum, has enjoyed an even more unbelievable rise in 2017.

Spurred on in part by investors' unshakeable belief in Bitcoin, Ethereum – which currently ranks as the world's second largest cryptocurrency in terms of market value – has actually outperformed Bitcoin in growth in 2017, this week reaching an incredible 2,367 percent gain in value since the beginning of the year, before dropping slightly.At time of writing, the Ethereum token, ether, was worth US$178.48, yielding a massive gain in its value since January 1, when it fetched just $8.24 less than five months ago.Unlike Bitcoin, which operates on a different kind of blockchain software, and is mainly used as a payment technology, Ethereum works by performing what are called "smart contracts" – apps that execute contracts based on certain conditions being met.The broad flexibility of the concept – which enables app developers to build all kinds of decentralised apps on the platform – means the Ethereum blockchain could ultimately prove incredibly disruptive to the way data is handled on the internet.

But despite how that sounds, the disruptive prospects haven't scared big business away from Ethereum.One of the reasons the platform has attracted so much interest lately is because major companies keep signing up to the Enterprise Ethereum Alliance, an organisation seeking to support and develop the smart contracts software.Outfits like Microsoft and Intel were launch members of the Alliance, but the list keeps getting bigger, with 86 companies – including Samsung and Merck – joining just this week.While there's definitely a huge amount of interest in Ethereum and ether's amazing growth recently, there are also concerns that the party won't last, with commentators pointing out that cloning of the concept could devalue the ether currency itself."People are buying a specific blockchain, but the big interests are in the technology," Bitcoin trader Jason Hamilton told CNBC."They'll probably make their own clones and the ether tokens everyone is buying won't be used for much except trading... I don't usually trade ether.

I'm afraid of that bubble bursting, but it could go on bubbling up for a long time still."It's perhaps unlikely those concerns will be enough to stop Ethereum's recent swelling any time soon though, as the undying growth of Bitcoin just goes to show that the world is mad for cryptocurrencies.Less than five months ago, we reported on how Bitcoin's super-strong end to 2016 saw it stand out as last year's best-performing currency of 2016, at a point in time when it was approaching its all-time high of $1,163.And so far this year, Bitcoin has surpassed almost everybody's expectations, hitting a new record peak of $2,791.70 before paring back.Clearly there's an awful lot of volatility in these markets, so despite predictions that cryptocurrencies like Bitcoin could rise as high as US$1 million in 5–10 years, the truth is, nobody can really tell for sure which way this is all going to shake out."It feels like 1999 right now," managing partner of Blockchain Capital, Brock Pierce, told CNBC.