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Thursday, April 7, 2016

ETH - .0246 btc - April 7th, 2016 (9:20 AM)

TODAY'S NEWS LINKS

BTC Price Analysis For Week Of April 3rd

ETHEREUM PRICE ANALYSIS FOR APRIL 6TH

BITCOIN Gambling Is Exploding

At 6:34 AM I bought .08 btc worth of ETH at .02457

Today's ETHEREUM Price .0246 (.0256)
Buy Support 7.7K BTC (8.5)
24 Hour ETH Volume 10.2K BTC (24.9)
# Available For Trade 797K (716)
24 Hour Range .0245 - .0258 (.0238-.0259)
(all figures from Poloniex) (yesterday)

Yesterday was a see-saw ride that ended in a downward trend.... that said, support was at a higher price level than the previous day as folks were reluctant to sell below the .0240's. Buy support continues to lower to pre-.03 levels and sale volume was WAY down yesterday - as coins available for sale continues to increase. I do not look for significant movement lower today. Most trading hugged the .0252 level yesterday... expect a bit lower today with .0256 being today's high. A breakout on the upside is possible (.0266).

ETHEREUM fiat tether price 10.41 at 9:22 AM.

Today's predictions - Increased volume from the 10.2 of yesterday... resulting in sustained price above .0250... 24 hour range (.0245-.0256) - lower volatility. 
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Grade of yesterday's prediction - B (called the .0248 low and narrower range)
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