Bitcoin (BTC) Ranges as Dominance Falls

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bullish
Bitcoin is still trading in the bullish trend zone. We have entered the fourth day as Bitcoin continues to struggle below the $8,800 resistance level. On a daily bases, the bulls will test the resistance level and pullback. As the coins fluctuate below the resistance level, the coin is characterized by indecisive candlesticks like the Dojis and the Spinning tops.

These candlesticks describes the indecision between the buyers and sellers. Nonetheless, if the bulls succeed in breaking the $8,800 resistance, the market will move to the $9,500. Meanwhile, the fluctuation is ongoing below the resistance level.

BTC/USD - Daily Chart

Daily Chart Indicators Reading:
Bitcoin is in a strong bullish momentum as the stochastic bands are above the 80% range. It is possible that sellers may show up in the overbought region of the market. The purpose is to push the price downward. The EMAs are also showing signs of a bullish crossover indicating price rise.

BTC/USD Medium-term bias: Bullish
On the 4 hour chart, the price is in an uptrend. The coin is making a series of higher highs and higher lows. The uptrend is showing the support levels of price where traders can initiate long trades. The bulls are testing the resistance at $9,000, while the price pulls back.

BTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The RSI period 14 level 66 indicates that the market is above the centerline 50. It means that Bitcoin will rise. The 21-day SMA and the 50-day SMA are sloping upward indicating the upward move.

General Outlook for Bitcoin (BTC)
For the past four days, Bitcoin is in a sideways trend. The upward move has been hampered at the $8,800 resistance level. The market is actually fluctuating between the levels of $8,600 and $8,800. In a couple of days to come, we should expect a price breakout or price breakdown. A bullish breakout will see the Bitcoin reached a high of $9,500. All the indicators are showing buy signals

BTC Trade Signal
Instrument: BTC/USD
Order: Buy
Entry price: $8,800
Stop: $8,000
Target: $9,500

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Bitcoin Cash (BCH) Reaches the Overbought Region, Can the Rally Continue?

Key Resistance Levels: $275, $300, $325
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Bullish
Bitcoin Cash has made a tremendous move to a higher price level. The bullish move is very significant because it took six days to break the lower and upper price range of $200 and $240. In retrospect, BCH was range-bound for four months before the resumption of another selling pressure. The last bearish move was at the low of $171 where the bulls took their initiative.

The upward move commenced from a low of $171 to a high of $360 on January 14. Below the resistance at $360, Bitcoin Cash is fluctuating in a tight range of $360 and $320. The coin can break either of the price levels and move on. BCH will rise and reach a high of $400 or $440 if the bulls break the current resistance. The coin may drop to the low of $280 or 240 if the $320 support cracks.

BCH/USD - Daily Chart

Daily Chart Indicators Reading:
Bitcoin Cash is trading in the overbought region of the daily stochastic. At the overbought region, there are presence of sellers who may push price downward. The coin is above 80% range which indicates that the coin is in a strong bullish momentum. The moving averages are showing signs of a bullish crossover.

BCH/USD Medium-term bias: Bullish
On the 4-Hour chart, the coin is making a series of higher highs and higher lows. The coin reaches a high of $360 and retraces to $320 and then resumes a sideways move. The price bars are clustering below the resistance zone. A breakdown or breakout is imminent.

BCH/USD - 4 Hour Chart
4-hour Chart Indicators Reading
The MACD line and the signal line are above the zero lines which indicates a buy signal. The 21-day SMA and the 50-day SMA are sloping upwards indicating the upward move.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is presumed to be out of the downtrend zone. The price bars are above the 21-day SMA and 50-day SMA indicating that the upward move is ongoing. The coin will remain bullish as long as it is is in the bullish trend zone. BCH is moving upward after testing the $320 support level.

Bitcoin Cash Trade Signal
Instrument: BCH/USD
Order: Buy
Entry price: $359
Stop: $300
Target: $440

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EURJPY Loses Upside Momentum and Recedes From Approaching the 123.00 Mark

EURJPY Price Analysis – January 17

Increased selling surrounding the European currency is driving the currency to give part of its weekly gains and plunge back to the level of 122.40. Strengthening sentiment against the US dollar on Friday puts additional pressure on other pairs, and all this follows the anticipated results of recent US indicators.

Key Levels
Resistance Levels: 124.31, 123.37, 122.87
Support Levels: 121.47, 119.99, 115.83

EURJPY Long term Trend: Bullish

Progress from the level of 115.83 is currently considered as a correctional trend. Strong resistance is observed with horizontal resistance to inhibit growth. Nevertheless, a steady breakout of resistance may indicate a larger bullish price and aim the level at 127.50 key resistance as follows.

Although the trend is bullish, on the other hand, EURJPY is trading bearish in a narrow trading range of 122.75 – 122.16, and violation of this area may lead to a further bear trend for the currency pair.

EURJPY Short term Trend: Ranging

At the moment, the moving averages 5 and 13 crossings are losing 0.22% at 122.22 level, and breaking through the short-term horizontal support line may lead to the level of 121.80 and, finally, to the level of 121.45. On the other hand, the next rising barrier is at the level of 122.87 (January 16 high, 2020), followed by the level of 123.37.

EURJPY is trading with a bearish bias beneath the strong resistance level of 122.87 and seems to be aiming at the level of 122.20, as the euro is getting weaker.

Instrument: EURJPY
Order: Sell
Entry price:122.20
Stop: 122.65
Target: 121.80

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Gold Restores Positive Dynamics Due to Steady Movement to the Level of $ 1560

XAUUSD Price Analysis – January 17

Gold rose in the middle of the European session to the American session on Friday and is presently trading near the upper limit of its weekly trading range, about $ 1560 level. A sustainable movement to the level of $ 1560 was seen as a key factor for buyers and may pave the way for further appreciation.

Key Levels
Resistance Levels: $ 1625, $ 1589, $ 1575
Support Levels: $ 1536, $ 1517, $ 1500

XAUUSD Long term Trend: Bullish

The indicators on the daily chart maintained their bullish bias, and also resumed growth in a positive direction, adding confidence to the constructive trend.

Meanwhile, some subsequent buying may confirm the bullish bias and set the stage for movement to the upper boundary of the bullish trend zone, combined with a horizontal resistance zone at $ 1611.49 in the long term.

XAUUSD Short term Trend: Ranging

Observe that the yellow metal is compressed by the moving average of 5 and 13 on the 4-hour time frame, presently at $ 1,555.33 and $ 1,556.68, respectively. Thus, it is likely that in the short term, gold may continue to rise versus the US dollar.

However, it is unlikely that bears can overcome, and the exchange rate may plunge beneath the short-term horizontal support at $ 1,536 level. Besides, it is unlikely that some upside potential may overcome, and the price of gold may exceed $ 1575 level.

Instrument: XAUUSD
Order: Buy
Entry price: $1557.07
Stop: $1517
Target: $1575

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Ripple (XRP) Rallies above Resistances, but Sellers Are Unrelenting

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bullish
Surprisingly, the bulls made an impressive move as it reaches the high of $0.24. The selling pressure was overwhelming as the bears push the price to a low of $0.22. Meanwhile, if the selling pressure continues, the coin will fall to the low of $0.20. Alternatively, if the support at $0.22 holds, XRP will rise to retest the $0.24. If the support holds, it shows that the bulls are still in control. Nevertheless, more buyers are still needed to push XRP to the previous highs.

XRP/USD - Daily Chart

Daily Chart Indicators Reading:
Ripple is trading below 80% range but approaching  an overbought area of the daily stochastic. The coin is in a bearish momentum. The price bars were above the 21-day SMA and the 50-day SMA indicating the upward move. A break below the EMAs indicates that the downtrend has resumed.

XRP/USD Medium-term Prediction: Bullish
On the 4-hour chart, the coin is at the low of $0.21 but rose to a high of $0.24. The selling pressure made the coin to fall  to a low of $0.22. After consolidation, the market rose from the low of $0.22 to resume the upward move . If the current momentum is sustained the price will retest the high of $0.24.

XRP/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index (RSI) period 14 level 58 indicates that the coin is approaching the bullish trend zone. The price is likely to rise to retest the current resistance at $0.24.

General Outlook for Ripple (XRP)
Ripple (XRP) has risen to a high of $0.24 but was overwhelmed by selling pressure. XRP fell to its  previous low. Ripple is likely to hold at the current support of $0.22. That means it  is likely to rise to retest the $0.24 resistance level.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.22
Stop: $0.18
Target: $0.24

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Bitcoin (BTC) Consolidates, Attempts to Resume Uptrend

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bullish

For the past three days, the bulls have been compelled to a stand still below the $9,000 resistance. Bitcoin is in a sideways move below the resistance for a few days since the upward move has been put on hold. Bitcoin has taken a breather as the price continues its consolidation. After the consolidation, price will follow the direction of the market.

Assuming the bulls breaks the resistance above $8,800; the next resistance will be $9,500. Likewise, if the bears push the price downward, the market may drop to the low of $8,200 or $8,000. Meanwhile, the coin is still consolidating below $9000.

BTC/USD - Daily Chart

Daily Chart Indicators Reading:
The MACD line and the signal line are well above the zero line indicating a buy signal. The moving averages are in a bullish crossover indicating the upward move. The price seems to be fluctuating as the bulls fail to break the resistance level.

BTC/USD Medium-term bias: Bullish
On the 4 hour chart, the price is in a sideways trend. The bulls have made two unsuccessful attempts at the $8,800 and were resisted. Each time the price will drop down and move up again. The bulls are making another bullish move to retest the $8,800 resistance.

BTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index period 14 level 60 indicates that the market is above the centerline 50. It means that Bitcoin will rise. The 21-day SMA and the 50-day SMA are sloping upward indicating the upward move.

General Outlook for Bitcoin (BTC)
Bitcoin is now in a sideways move below the $8,800 resistance. The bulls upward have been suspended for the past three days due to the inability of the bulls to break the $8,800 resistance. As the price continues to consolidate, there is the likelihood of a breakdown or breakout.

BTC Trade Signal
Instrument: BTC/USD
Order: Buy
Entry price: $8,600
Stop: $8,000
Target: $10,000

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AUDUSD Hit Back Beneath Moving Average 5 as Selling Pressure Sets In

AUDUSD Price Analysis – January 16

AUDUSD has dropped back from the corrective highs of the level at 0.6933 while losing the 0.69 handles today, registering a low on the level at 0.6887 in recent trade, piercing the moving average 5.

Key Levels
Resistance Levels: 0.7085, 0.7031, 0.6933
Support Levels: 0.6850, 0.6754, 0.6670

AUDUSD Long term Trend: Bullish

In the larger structure, with the level at 0.7085 resistance intact, there is no evident confirmation of trend reversal yet. That is, downtrend from the level at 0.8135 (high) is quite anticipated to resume to 0.6008 levels (low).

However, a decisive break of 0.7085 level may confirm long term bottoming and bring stronger rally back to the further upper horizontal level (now at 0.7487).

AUDUSD Short term Trend: Ranging

The intraday bias in AUDUSD stays neutral as the consolidation from the level of 0.6850 is temporarily in process. The forecast has not changed: a rebound from the level at 0.6670 may end in three successive horizontal lines to 0.7031 level.

On the other hand, a break of the level at 0.6850 may be aimed at supporting 0.6754 level on the daily to confirm this bearish scenario. However, a break of the level at 0.6933 may alter the focus to the resistance of 0.7031 level.

Instrument: AUDUSD
Order: Buy
Entry price: 0.6897
Stop: 0.6850
Target: 0.7013

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After IEA Reports, WTI Softens While Lacking in Upward Momentum

USDWTI Price Analysis – January 16

WTI (oil futures) is changing intraday while trading moderately from Europe into the American trading session, recently meeting fresh supplies after the International Energy Agency (IEA) released a bearish monthly report on the oil market thrashing investors’ bias.

Key Levels
Resistance Levels: $ 63.04, $ 60.34, $ 58.70
Support Levels: $ 57.40, $ 56.78, $ 55.00

USDWTI Long term Trend: Ranging

The recent data released had a muted impact on WTI oil, but the decline in WTI from the level of 65.62 continues and still reaches the low at 57.40 level.

The trend remains unchanged and the plunge is viewed as part of the sideways trading, which began from the level at 66.49. As long as the resistance level of 60.34 holds, we anticipate a further plunge to the support level of 50.64.

USDWTI Short term Trend: Bearish

In the short term, WTI crude oil rebounded on Thursday after an unsuccessful attempt to clear the horizontal support zone on the level at $ 57.40. The initial reversal signal is generated on the 4-hour time frame after the price action of the last two days ended with a successive advance.

The new preliminary test of the initial resistance level at $ 58.70, while the lowest requirement for confirming the reversal is expansion through horizontal barriers on the level at $ 60.34 and ( both psychological zone at $ 65.62 / $ 57.40). The failure to break may signal a prolonged consolidation and may remain vulnerable to a downward movement, while a break beneath may lead to a negative signal.

Instrument: USDWTI
Order: Buy
Entry price: $ 58.00
Stop: $ 57.40
Target: $ 61.40

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Blockchain Ingenuity in Internet Gaming

The online gaming industry has evolved a long way from the ’70s when packet-based computer networking was invented. Over the years, fast forward to the 90s, several gaming platforms have tried to give a facelift to the well-known gaming industry. With several innovations down the block, Fairspin.io which is a Blockchain-based casino platform is a groundbreaking innovation that gives the user a quintessential casino experience while maintaining transparency.

Game technicians believe that Blockchain can change the world of games on the Internet. Firstly, there is clarity about what is happening on the backend in order to lead to a completely unaffected betting outcome. Secondly, Blockchain-based Internet trust was invented to increase user safety and eliminate all types of fraud.

What Is Fairspin.io?
Fairspin, a subsidiary of Tech core Holding B.V., is an application based on innovative technologies from True Play. It offers its players a reliable and proven betting platform based on the Blockchain solution. Formerly known as fair play, it is regulated by the Curacao gaming license and works in partnership with leading gaming technologies such as NetEnt, Microgaming, Spinomenal and others.

Honesty Control allows you to record every transaction on the platform through a smart contract and can be monitored through Etherscan. It also displays winnings and payouts of users on its blockchain, while maintaining user privacy. After creating a user account, Fairspin.io accepts Bitcoins (BTC) and Ethereum (ETH) as deposit funds. Later it will be converted to TPLAY tokens equal to ERC-20; It is specifically designed for gaming transactions. One thousand TPLAY tokens equal 1 ETH.

Why Fairspin.io?
Fairspin has a multilingual platform, available in 8 major languages of the world. Unlike other online casino gaming platforms, which record the results of bets on their servers, each bet is stored on the blockchain.

Security of User Information and Safety of Funds
Fairspin has a built-in honesty control that allows users to determine the outcome of each game on the blockchain.

Instant withdrawal of funds from the platform to cryptocurrency, without commissions, without hidden fees. It is trustworthy since the financial situation of the casino is most often publicly reflected on the blockchain. Fairspin offers a reward to a new user, providing up to 200% of the bonus on deposits made.

Users have the advantage of choice, as Fairspin offers a wide range of first-class casino games. Numerous games are also available on the platform, such as slots, roulette, card games, video poker, lottery and much more. Fairspin also provides its users with real situations so that they can compete in tournaments with people, in place of bots.

Fairspin – a dynamic, fast-growing platform, in 2019; has updated its site with new gaming features.

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GBPJPY Maintains a Positive Outlook While Consolidating Past the Level at 143.00

GBPJPY Price Analysis – January 15

The currency pair confirmed its mood, trading in the lateral range this week, changing slightly to close, the trend signals remain weak, but modest growth in Asia into the European session today forced buyers and sellers to act cautiously, and the forecast for Wednesday is modestly mixed.

Key Levels
Resistance Levels: 148.66, 147.95, 144.36
Support Levels: 142.00, 139.31, 126.54

GBPJPY Long term Trend: Ranging

In a larger structure, an increase from the level of 126.54 can occur either of consolidation from the low, or with the start of a new uptrend. In any case, a further rally is expected, while the support level of 139.31 stays in the resistance zone of 148.66 / 150.00.

A reaction from there can reveal in which case it should be. However, a steady breakthrough of the support level of 139.31 may weaken this scenario and, in the first place, change the long-term neutral trend.

GBPJPY Short term Trend: Ranging

GBPJPY’s intraday bias stays neutral at this point. However, the correction from the level of 147.95 may continue. But in the event of another plunge, its lower side may be limited by the level of 139.31 (partial restoration of the level of 126.54 – 147.95 and 140.81) to start a rebound.

On the other hand, overcoming the level of 144.36 may lead to a re-testing of the resistance level of 147.95. Although a steady breakthrough of the level at 140.81 may pave the way for the recovery of a part on the level of 139.31.

Instrument: GBPJPY
Order: Buy
Entry price: 143.00
Stop: 142.68
Target: 144.36

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