One of the most basic forms of technical analysis uses a series of moving averages.A large number of traders also use the 200 day (slow) moving average (MA/EMA/SMA/TEMA) to determine if price is in a bullish or bearish trend.We can add a 50 day (fast) moving average as well and look for confirmation in the shift of a trend with moving average crosses.These 50/200 crosses are so widely used and respected, they even have special names.A 50 over 200 cross is considered extremely bullish and is known as the Golden Cross.A 200 over 50 cross is considered extremely bearish and is known as the Death Cross.On November 1st, a Death Cross occurred, signifying the beginning of a significant downtrend.Currently, in the next few days there is an opportunity for a Golden Cross, a strong bullish entry signal.On November 23rd, a Death Cross occurred, signifying the beginning of a significant downtrend, albeit a later signal than that of $ETHBTC.A Golden Cross occurred on February 7th, a strong bullish entry signal.

Another type of moving average system is the Ichimoku Cloud, which uses four key indicators as entry signals.As long as the price remains above the cloud, sentiment remains bullish.When the Tenkan (T) is over the Kijun (K) sentiment is bullish.When the Lagging Span (LS) is above the cloud and above the price sentiment is bullish.A bullish TK cross occurred on the daily timeframe this week, which is a bullish signal as well as long entry signal (based on $ETHBTC 1x Cloud Daily).Around January 18th, price entered the cloud and initiated a Kumo Edge to Edge trade.The larger the cloud, the bigger the expected move.The stop loss for these trades is always below the Kijun.Price may be extremely volatile while in the cloud but there is an expectation with a high degree of probability that price will reach for the opposite edge of the cloud.Ichi Cloud Bullish Entry Signals include: price above cloud, bullish cloud, and over the past few days a bullish TK Cross, and lagging span is above price.The best entry on the Ichimoku cloud system is to always wait for the last signal to flip over to enter.

After 40 days of consolidation, resistance at $11.50 was broken.The measured target of the ascending triangle is ~$14.25.All cloud signals have been bullish since February 4th, except for a bullish cloud, which flipped bullish on February 12th.This was the best long entry based on this timeframe using these cloud settings.All cloud signals have been bullish since February 4th, except for a bullish cloud, which flipped bullish on February 9th.Should the pitchfork be reliable, current target is 0.016-0.019 in the immediate future based on the pitchfork median line, which can be thought of as return to mean.A candle close below the blue quartile invalidates the pitchfork.The technicals on $ETH have looked bullish for a few days now, on both four hour and daily timeframes.With an Adam & Eve double bottom wanting to complete and several cloud signals recently signaling a long entry.About Latest Posts Latest posts by Josh Olszewicz (see all) Ethereum Technical Analysis 02/16/17Avner Meyrav A negative trend for cryptocurrencies: All 20 currencies registered losses over the past 24 hours, most showing double-digit declines.

The massive correction could be attributed to renewed debates regarding a Bitcoin fork.Bitcoin below $2,300 A major slowdown in the cryptocurrency bull run was seen in recent days, as Bitcoin is on a steady decline, most recently fueled by talks of a possible hard fork.The world’s largest cryptocurrency, which hit an all-time high of around $3,000 just four days ago has shown a massive correction, trading below $2,300 this morning.litecoin pool walletBitcoin’s market cap also dropped below $40 billion.bitcoin pleaTrade Bitcoin Now Ethereum losses 30% in four days The negative cryptocurrency trend has greatly influenced Ethereum, which registered losses of more than 11% in the past 24 hours, losing nearly 30% overall in the past four days.logiciel pour bitcoin

Despite this correction, Ethereum sentiment is still at an all-time high, as a recent survey conducted by CoinDesk showed that 90% of traders are positive regarding the overall state of Ethereum.Trade Ethereum Now Is a Bitcoin hard fork coming in August?The ongoing debate in the Bitcoin community regarding a hard or a soft fork is making headlines again.Since the community is divided between those who wish to increase Bitcoin’s block size in order to improve processing times and those who wish for it to remain the same, a hard fork could potentially split Bitcoin into two or more separate currencies.bitcoin tax trackerWhile it was believed that the hard fork has been averted with the proposed implementation of the SegWit solution, now more fuel has been added to the fire.ethereum miner hashrateBitmain, a major producer of Bitcoin mining hardware, has announced that it intends to generate a hard fork of its own on August 1st, which means that come August, the Bitcoin blockchain could split into two or three different currencies.ethereum chart euro

All trading involves risk.Only risk capital you’re prepared to lose.The information above is not investment advice.With Bitcoin undergoing a correction, it was highly anticipated that Ethereum would follow suit.In fact, it did.Ethereum peaked at $225 on May 24, and was down to $130 on May 27, rising gradually touched $200 mark.Ethereum (ETH) has had a spectacular rally this year, rising over 2700% in 2017.Not just Ethereum, the year has been phenomenal for cryptocurrencies.bitcoin fraudstersThe rising endorsement of Bitcoin by countries and regulators has lifted the sentiments around cryptocurrencies while activation of SegWit fueled Litecoin and raised hopes for a resolve of Bitcoin’s scaling debate.bitcoin utopiaEthereum the second largest cryptocurrency in terms of market capitalization has seen been a great contributor to this rally.best bitcoin ticker app iphone

Ethereum is a decentralized software platform that enables Smart Contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party.(Related reading, see: Understanding the Reasons Behind Ethereum's Price Rise) During the year, Ethereum (ETH) had moved up by 900% by first week of May.Thus, the real surge happened during May itself.A stream of positive events for Ethereum in a backdrop of supporting cryptocurrency environment has pushed it beyond $200 mark.On one hand, more and more start-ups and developers are working on Ethereum based projects while on the other hand, biggest names in the industry are coming together to explore its potential across industries.Ethereum Enterprise Alliance (EEA), a consortium formed in early 2017 added 86 members, including names such as Toyota Research Institute, Samsung SDS, National Bank of Canada, Mitsubishi UFJ, ING, Dinosaur Dog, Merck, Taiwan FinTech Association, iPaynow, Infosys, Vanbex Group, Zerocoin Electric Coin Company and Wall Street Blockchain Alliance among others.

The rising trend of ICOs with firms issuing tokens on Ethereum platform is catching pace too.In the recent past, Melonport and Blockchain Capital have successful raised funds via this mechanism, Kik Interactive, Inc.is the latest company that plans to go the ICO way.Kik has announced its intent to launch of its own cryptocurrency​ on the Ethereum platform.In 2017, so far, companies have raised about $180 million vis-à-vis $101 million in 2016 in ICO’s, according to Smith+Crown.(Related reading, see: Popular Kik Messaging App to Launch Ethereum-Based Cryptocurrency) The recent correction has been partly because of profit booking and large-volume speculation.However, the quick rebound reflects the confidence.Having said that, cryptocurrencies are bound to remain a victim of volatility despite a positive outlook.Thus, as an investor, its best to follow some general principles of investing.One effective way for cryptocurrencies such as Bitcoin and Ethereum can be to buy smaller portions on dips.