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On May 20, 2019, we analyzed Ethereum (ETH and Ethereum Classic (ETC) to predict future price fluctuations. In this analysis, we assess the validity of our predictions.

We begin by examining the trading patterns of each of the coins and then assess their technical indicators. By comparing them to those observed yesterday, we are able to make a more thorough assessment of the cryptocurrencies.

Ethereum In a Broadening Wedge
Since May 17, ETH/USD has been trading within a short-term ascending broadening wedge. During this period, gradual increases have been observed:


ETH dropped from the resistance line on May 20 to validate the support line. A slight reversal brought the price back into the middle of the wedge where it is still trading at the time of writing.

Short-Term Increase?
To better predict The price of Ethereum is analyzed alongside the 100- and 200-period moving averages below:



On May 20, the 100-period MA crossed above the 200-period one. This is known as a bullish cross and often indicates that an uptrend has begun. Furthermore, this was succeeded by a price increase above both moving averages.

In yesterday’s analysis, we noted that bearish divergence had recently been generated within the RSI and MACD. Because this was occurring within a bearish pattern, we predicted: “the price of ETH will decrease towards the support line of the wedge.”

The support line was reached after our analysis was published. Then the price rebounded to its current position.

Given May 20’s bullish cross, ETH may experience slight increases inside the confines of the wedge. However, there remains bearish divergence in a bearish pattern suggests that a breakout is unlikely.

The price may still reach the support line after any future hourly gains.

Ethereum Classic Inside a Symmetrical Triangle
ETC/USD reached an hourly low of $6.66 on May 15 and generated an ascending support line. After reaching a high of $8.48 the next day, a resistance line emerged.

Since that time, ETC has been decreasing inside the symmetrical triangle outlined below:



At the time of writing, the price is trading slightly above the support line of the triangle.

Possible Top
The price of ETC is analyzed at 12-hour intervals alongside the RSI to assess possible future price fluctuations. During this period, ETC has been following an ascending support line since February. No resistance line is yet apparent for this period.

The triangle traced in the previous section is well above the long-term support line:



Bearish divergence is observed within the RSI for the period May 15 to 19. In addition, bearish divergence was observed in both the RSI and MACD between Apr 7 to May 16 in yesterday’s analysis.

This suggests ETC is likely to breakdown from the triangle and reach the long-term support line traced above. Prices may reach $6.

Conclusion
In the short term, ETH is trading inside a broadening wedge while ETC’s price is trading inside a symmetrical triangle. Additionally, ETH has generated a short-term bullish cross while ETC has generated significant long-term bearish divergence in the RSI.

Therefore, we believe that ETC will soon break down from its short-term trading pattern and drop towards the long-term support line. ETH, on the other hand, may experience slight gains before dropping. A breakdown does not currently appear likely for ETH.

source: https://beincrypto.com/bullish-cross-ethereum-breakdown-ethereum-classic-eth-etc-price-analysis-may-21/

in this correction period that sometimes makes the panic of the koin owner, afraid of the price that does not return again and cancels getting the benefit of the aseet owned

holding good assets may be better, from holding a half / not promising coin .
I personally don't have much coins in my wallet if price good  i will  sell my asset  and I buy assets in the real world

I believe now if the price of bitcoin affects the altcoin, it is indeed not a fast process but the altcoin price has started to rise unlike yesterday

As Bitcoin breaks significant resistance at $6,000 and $8,000, all within the space of a week, interest is reaching fever point. But despite the strong performance, which some say is buoyed by economic uncertainty over the US-China trade war, there are those among us who remain skeptical.

Bitcoin FOMO
An impressive week for cryptocurrencies saw Bitcoin break the $8,000 mark on Tuesday. Up 120% since the start of the year, this momentum is continuing to lead the rest of the market into a bull run. Unsurprisingly, mainstream news outlets and everyday people are once again talking about Bitcoin.

In view of this, Bitcoin advocate, Thomas Lee of Fundstrat Global Advisors, believes no-coiners will FOMO into cryptocurrencies. Speaking to CNBC, he said:

“There have been positive developments, including some of the announcements coming out of Consensus, like the BAKKT launch and merchants starting to accept Bitcoin. But, what’s getting investors quite optimistic is that, now Bitcoin is approaching that $10,000 level, I think there’s an increasing chance that traditional non-crypto investors are going to start looking at crypto again.”

Lee went on to talk about the importance of getting new investment into the space. Which he believes will be the key catalyst for pushing prices back towards all-time-highs.

All-Time-Highs
Thomas Lee has continually pushed bullish sentiment, even during the height of crypto winter, which saw Bitcoin lows of around $3,200. And as each day passes, it looks more and more certain that we have finally left the bear market behind. Part of the reason behind the upswing may relate to economic uncertainty caused by the US-China trade war, which Lee mentioned in the CNBC interview.

Last week, Trump announced a tariff hike on Chinese imports from 10% to 25%. This move was the culmination of months of political wrangling, which only served to strain already tense relations.

more complete: https://www.newsbtc.com/2019/05/17/bitcoin-fomo-is-strong-but-the-bears-will-not-go-quietly/

Binance Reopens Trading, Despite Incomplete Fund Recovery As Hackers Look To Sell Discounted BTC

he cryptocurrency community bonds together in times of trouble, and that has been proven once again with Binance. Though the platform has succumbed to an unfortunate hacking, multiple players of the industry have spoke out about their support and willingness to help. What will Binance do next?



Binance Reopens Trading, Despite Fund Recovery Being Incomplete
-Binance has reopened trading for their platform, following a massive hack almost two weeks ago.
-Reddit user suggests that the BTC is being sold at a 70% discount on another website.

The recent hacking of the Binance platform on May 7th has been highly publicized, as the hackers managed to get away with 7,000 BTC. In total, the theft was worth about $40 million, and CEO Changpeng Zhao was proactive about handling the issues that the platform faced. The company quickly shut down deposits and withdrawals on the exchange while they went through an investigation.

By May 16th, the platform reopened these processes, though the company still has not recovered the funds.

In the meantime, it looks like attacks against Binance has not stopped. A user on Reddit spoke out on the r/Cryptocurrency subreddit, saying that the team that committed the theft was now selling the BTC at a 70% discount.

more complete: https://bitcoinexchangeguide.com/binance-reopens-trading-despite-incomplete-fund-recovery-as-hackers-look-to-sell-discounted-btc/