Bitcoin, Ethereum, Quant Price Analyses
Bitcoin, Ethereum, Quant Price Analyses
Trading

Bitcoin, Ethereum, Quant Price Analyses

By R.L. Bryer - 10 Aug 2022

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Bitcoin Analysis 

Bitcoin’s price snapped two straight days of positive price action on Tuesday and wrapped-up its daily candle -$676.  

Today’s price analysis begins as always with bitcoin and today’s first chart is the BTC/USD 1D chart below from Operation_Morning_Star. BTC’s price is trading between the 1 fibonacci level [$17,370.73] and 0.786 [$28,638.77], at the time of writing.

The targets above for bullish BTC market participants are 0.786, 0.618 [$37,484.71], and 0.5 [$43,697.93].

Traders going short the BTC market are looking to again send BTC’s price back down to test the 2017 all-time high of $19,891. If they’re successful at pushing BTC’s price below that level the next fibonacci target is the 2022 low of 1 [$17,370.73] on bitstamp’s exchange. 

Bitcoin Analysis 
BTC/USD 1D chart: the price is trading between the 1 fibonacci level [$17,370.73] and 0.786 [$28,638.77]
Bitcoin’s Moving Averages: 5-Day [$23,241.62], 20-Day [$22,562.79], 50-Day [$22,959.44], 100-Day [$30,315.23], 200-Day [$38,559.77], Year to Date [$34,136.83].

The Fear and Greed Index is 31 Fear and is -11 from Tuesday’s reading of 42 Fear.

Fear and Greed
The Fear and Greed Index is 31 Fear

BTC’s 24 hour price range is $22,888-$23,913 and its 7 day price range is $22,526-$24,185. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $45,612. 

The average price of BTC for the last 30 days is $22,295 and its +7.4% over the same duration. 

Bitcoin’s price [-2.84%] closed its daily candle worth $23,141 on Tuesday and in red figures for the first time in three days. 

Ethereum Analysis 

Ether’s price sold-off more than 4% on Tuesday and when traders settled up at the daily session close ETH was -$75.55.  

The second chart we’re looking at today is the ETH/USD 12HR chart below by puzzledHare79535. Ether is trading between 0.786 [$1,703.15] and 0.618 [$1,727.74], at the time of writing.

Market participants that are long ETH are eyeing overhead targets of 0.618, 0.5 [$1,745.01], and 0.382 [$1,762.38].

Traders that are convinced lower prices are in store because of the recent bearish rejection of Ether bulls at the $1,800 level have targets to the downside of 0.786, 1 [$1,671.82], and 1.618 [$1,581.37]. 

Ethereum Analysis 
ETH/USD 12HR chart: Ether is trading between 0.786 [$1,703.15] and 0.618 [$1,727.74]
Ether’s Moving Averages: 5-Day [$1,685.47], 20-Day [$1,544.50], 50-Day [$1,406.91], 100-Day [$2,059.90], 200-Day [$2,767.33], Year to Date [$2,364.98].

ETH’s 24 hour price range is $1,667.93-$1,790.83 and its 7 day price range is $1,592.48-$1,806.67. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $3,139.33. 

The average price of ETH for the last 30 days is $1,503.33 and its +40.12% over the same time frame. 

Ether’s price [-4.25%] closed its daily candle on Tuesday worth $1,702.8 and in red digits also for the first time in three daily candle closes. 

Quant Analysis

Quant’s price also took a step backwards on Tuesday and concluded its daily trading session -$3.1. 

The last chart to wrap up today’s price analyses is the QNT/USD 1W chart below from huy221. Quant’s price is trading between 1 [$110.12] and 1.618 [$147.98], at the time of writing.

The overhead targets for QNT bulls are 1.618 and 2.618 [$209.24].

The downside targets for bearish QNT traders are the 1 fib level, followed by 0.5 [$79.49], and a full retracement back to 0 [$48.86].

Quant Analysis
QNT/USD 1W chart: the price is trading between 1 [$110.12] and 1.618 [$147.98]
Quant’s price is +86.73% against The U.S. Dollar for the last 90 days, +153.3% against BTC, and +159.8% against ETH, over the same time frame.

QNT’s 24 hour price range is $119.8-$129.6 and its 7 day price range is $101.43-$132.05. Quant’s 52 week price range is $40.5-$416.6. 

Quant’s price on this date last year was $154.4. 

The average price of QNT over the last 30 days is $101.33 and its +73.04% over the same timespan. 

Quant’s price [-2.41%] closed its daily candle on Tuesday worth $125.7 and in red figures for the first time since August 4th. 

R.L. Bryer

Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.

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