NovaDAX
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NovaDAX is a leading global digital currency exchange, providing advanced financial services to global traders leveraging blockchain technology. NovaDAX provides customers a safe, convenient and fast way to buy, sell and store digital assets.
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πŸ” Bitcoin Price Analysis: BTC/USD Must Dump before Bulls Reign in 2019

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-15.png

When we take a top-down approach, it is clear that we do have a bear break down pattern. BTC/USD prices are now trending below $5,800 and printing new 2018 lows. From the charts, there are two levels of interest, the 78.6 percent Fibonacci retracement level drawn from 2017 high lows at $4,500 and the next support level of $3,000.
Like in our previous BTC/USD iterations, we said any break below $5,800 and bears should look to unload at spot with stops at $6,000 and first targets at $4,500. If losses are steep then $3,000 would test Bitcoin holders’ grit. From this, the $1,500 gap between these two important levels is where Bitcoin could spring back to $8,500 or higher.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1062907514189008896

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” ETH/USD Price Analysis: Below $200 ETH Mining is Useless, Hash Rate Drop

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-Weekly-Chart-Nov-15.png

From a top down approach, it is clear that ETH/USD is struggling against sellers. Not only is it trading within a bear breakout pattern with clear point of interest at $250–$300 as resistance and $160 as support, but the fundamental factors are supportive of price.
Therefore in line with our previous ETH/USD price analysis, we recommend patience for risk-on traders until after there are strong, high volume losses below $160β€”Sep 2018 lows. Such breaks will confirm the bear breakout pattern of early August and usher the next wave of sellers aiming at $130 and later $50.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1062953408678641665

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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Bitcoin Price Analysis: BTC/USD Prices Steady but Further Losses Expected

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-16.png

Like the rest of the market, BTC/USD is deep in loss territory printing 14 percent in the last week and closing below important support levels at the back of strong volumes. Though we expect prices to stabilize over the weekend, the simple fact is that we have a bear break out pattern below 2018 lows of $5,800.
This is not only bad for the coin’s market cap but the (sometimes) direct relationship between BTC and Altcoin could spur further market losses as the sell off continues. From previous BTC/USD trade plan we expect prices to find support at $4,500.
However, if the selloff is strong then BTC could further drop to $3000. Inside this $1,500 is where buyers should find loading opportunities with stops at immediate support level.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1063361182881349632

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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-4.png

ETH price found support near the $165 level and later recovered slightly against the US Dollar.
There was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could trade above $180, but it could face a strong resistance near the $186 level.
Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD is likely to face a strong resistance near the $186 and $190 levels.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1063328187277443072

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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” BTC/USD Price Analysis: Prices Recover Hours after Amun Bitcoin ETP Approval

πŸ“‰ BTCUSD Chart:https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-19.png

Thing is, Bitcoin is stable and week over week losses are low. After recording upwards of 20 percent weekly losses on Nov 14, prices have been steady and are now just 14 percent down in the last week. These higher highs point to BTC demand in lower time frames perhaps in response to the approval of the first Bitcoin ETF and the expectation of institutional involvement.
Overly, BTC/USD is technically bearish and could sink to new levels as prices trade in line with the bear breakout pattern that saw several support levels crashed in the last few days. Of note is the high level of market participation confirming bears of the last 11 months.
Unless otherwise there are rapid gains above $6,000, traders should be unloading BTC on every pullback. Ideal stop lies at $6,200 with first sell target at $4,500.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1064414832085020672

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD At Risk Of More Declines

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-6.png

ETH price struggled to move above the $179 resistance and declined against the US Dollar.
There is a key connecting bearish trend line formed with resistance at $178 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently at a risk of a downside break below the $165 support level.
Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD is likely to extend declines below $165 and $160 in the near term.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1064415749983227904

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” BTC/USD Price Analysis: Hash Rate and Difficulty Drop, Bottoms Near

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-20.png

Back to the chart and losses are clear. Like in our last BTC/USD trade plan, the coin like most in the market is trading within a bear breakout pattern following the events of last week that saw BTC drop from around $6,300 to below $5,800 in a classic bear breakout market complete with wide trade ranges and high volumes.
Aside the clear breaks, notice that this depreciation did print in the final section of the descending wedge confirming a classic weeks after several retest of the $5,800-$6,000 main support zone. All in all, we expect bears to reign through this week with our first targets at $4,500 or lower as mentioned earlier.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1064722263272910849

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” ETH/USD Price Analysis: ICOs under Pressure, May Liquidate for Fiat

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-Weekly-Chart-Nov-20.png

Aside from Bitcoin Cash (BCH/USD) and Cardano (ADA/USD), losses in ETH/USD are visible. The coin is down 29 percent in the last week and 14 percent in the last day as sellers step on the accelerator aiming their muzzles at $100 and probably $75 by the end of the year.
Of course, that is the path investors don’t want to see. Nonetheless, notice that ETH/USD is trading within a bear breakout pattern following last week’s drop below the lower limit of our support zone at $160. Backing this move down are strong volumes and wide trade ranges triggering shorts in line with our last ETH/USD price analysis.
Moving on, we suggest traders to align their position with the path of least resistance, unloading on every high unless of course there are strong gains above $160 and most importantly $200.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1064722443963514882

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Bitcoin Price Analysis: High Volumes and Shrinking BTC/USD Trade Range Positive for Price

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-21.png

Though BTC/USD prices are struggling against waves of sell pressure dropping 30 percent and 15 percent in the last week and day, prices could stabilize today. Notice that we have a small, lower wick indicating bulls in lower time frame.
But since prices are trading within a bear breakout pattern of last week, traders need a lot of convincing for them to change their bear preview. It is also likely that the capitulation of the last two days did cause an imbalance and bulls might work towards correcting that.
Nevertheless, from candlestick alignment, it is highly likely that BTC/USD bulls will thrust prices back towards the $5,000–$5,500 zone before bears pick up driving back price lower. However, if we see prices rocketing past $5,800 or this week closing with a long lower wick then we would most likely have a solid bottom in place.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1065139368187199488

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD Consolidating Above $120 Support

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-8.png

ETH price declined heavily and traded close to the $120 support level against the US Dollar.
Yesterday’s highlighted key bearish trend line is intact with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair needs to climb above the $138 and $140 resistance levels to start a decent recovery.
Ethereum price is trading near key supports against the US Dollar and bitcoin. ETH/USD must stay above $120 to recover in the short term.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1065139903493693440

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” BTC/USD Price Analysis: Bitcoin Payments Drop while Lightning Network Capacity Increase

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-22.png

Despite its deep liquidity, BTC/USD is one of the worst performers in the last week. It is down 30 percent and as the slide continues, it is lights out for Bitcoin bulls.
Simply put, candlestick arrangement combined by fundamental factorsβ€”declining adoption levels will most likely draw some liquidity from the market and this could have adverse effect on spread which in turn affect entry or exit positions discouraging capital injection.
But as it is, BTC/USD is trading within a bear breakout pattern and with a full candlestick bar printing below the $5,800, sellers are in charge. Although prices are now trading below $4,500 meaning our first targets have been hit, we recommend holding off from shorting and instead wait for pullbacks in line with our last BTC/USD trade plans.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1065496392263561217

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Bitcoin Price Analysis: Regulators Step in while BTC/USD Prices Range

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-23.png

The direction of least resistance is southwards but sellers are losing steam. Weekly losses are stable at 22 percent. While BTC is trading within a bear breakout pattern, our previous BTC/USD trade plan remain as it is. After four days of steep losses, we expect prices to stabilize through the weekend.
As long as BTC prices are oscillating within a tight range with supports at the $4,300-500 and caps at $5,000, there is evidence in lower time frames that buyers could jump in and thrust prices towards $5,500 by end month.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1065799475145277440

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD Extending Declines Below $120

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-10.png

ETH price failed to move above the $135 and $136 levels against the US Dollar.
There is a new key bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently under pressure and it could accelerate declines below the $120 level.
Ethereum price is faced a fresh round of selling against the US Dollar and bitcoin. ETH/USD broke the $120 low and it could accelerate further losses.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1065886899372347392

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-11.png

Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar.
There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is under pressure below $3,800 and it could even break the $3,500 support level.
Bitcoin price tumbled more than 15% and broke the $3,800 support against the US Dollar. BTC/USD could accelerate declines towards the $3,500 level.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1066896978116698113

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD Rallies Into Resistance Near $118

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-12.png

ETH price declined sharply and even broke the $100 level before recovering against the US Dollar.
There is a major bearish trend line formed with resistance at $116 on the hourly chart of ETH/USD (data feed via Kraken).
The pair needs to surpass the $116 and $118 resistance levels to recover further in the near term.
Ethereum price declined to new lows against the US Dollar and bitcoin. ETH/USD spiked below the $100 level before recovering above $110.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1066943191536922624

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” BTC/USD Price Analysis: SEC Commissioner Comment on Bitcoin ETF

πŸ“‰ BTCUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Bitcoin-Weekly-Chart-Nov-27.png

Obviously, the path of least resistance is southwards and as long as BTC prices are trading below the minor resistance zone of $4,500 and $4,700 then we might as well see further declines in days to come.
At spot rates, BTC/USD is down 22 percent in the last week and with new lows, the bear breakout pattern of the last two weeks is clear and valid.
If anything, it would be ideal for short sellers to enter on every pullback towards $4,500 in lower time frames as laid out in previous BTC/USD trade plans. However, losses below last week’s lows at $3,700 would trigger another wave of sell pressure towards $3,000β€”our first bear target.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1067324706569633792

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
πŸ” Ethereum Price Analysis: ETH/USD Resumes Decline Below $110

πŸ“‰ ETHUSD Chart: https://www.newsbtc.com/wp-content/uploads/2018/11/Ethereum-13.png

ETH price failed to break the $119 resistance level and later declined against the US Dollar.
There is a crucial bearish trend line in place with resistance at $113 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to extend the current decline below the $105 and $102 support levels.
Ethereum price failed to gain traction and declined against the US Dollar and bitcoin. ETH/USD could even break the $98 low and extend losses in the near term.

πŸ“°News from: https://twitter.com/Nova_DAX/status/1067307755264860160

πŸ’²The best crypto-currency exchangeπŸ‘‡
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πŸ“’If you have any questions about the use of NovaDAX.com, please contact us by email at support@novadax.com
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