Predict the Closing Price: Best Prediction Wins One (1) Ethereum Coin
GRAND PRIZE: 1 Ethereum Coin
If there are ties, a random drawing will determine the winner.
Remaining ties will receive a $50 Amazon gift card as a consolation prize.
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WINNER: Michael Bowman (Rank #1)
THE CROWD’S LINE EXPECTING A RALLY FOR ETHEREUM INTO FRIDAY’S 5PM CLOSE
THURSDAY, MARCH 8TH as of 8AM EST
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SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR ETHEREUM vs. LAST PRICE
THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE
8AM CRYPTOCURRENCY TRADING SUMMARY
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
CRYPTOCURRENCY TECHNICALS
- TECHNICAL NEAR-TERM TARGET: Now the bitcoin failed at the 50-DAY-MOVING-AVERAGE of $11,450. This will now act as a new level of resistance with heavier resistance at the $12,700.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support a 9,800 level.
LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE
WEDNESDAY, MARCH 7TH as of 8AM EST
THE CROWD’S LINE EXPECTING A 10% RALLY FOR ETHEREUM INTO FRIDAY’S 5PM CLOSE
THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
CRYPTOCURRENCY TECHNICALS
- TECHNICAL NEAR-TERM TARGET: Now the bitcoin failed at the 50-DAY-MOVING-AVERAGE of $11,450. This will now act as a new level of resistance with heavier resistance at the $12,700.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000. Minor support a 9,800 level.
LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE
TUESDAY, MARCH 6TH as of 8AM EST
THE CROWD’S LINE ETHEREUM PRICE PREDICTION IS WITHIN CLOSE RANGE TO ETHEREUM’S LAST PRICE
HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.
EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
A DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
A PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.
THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE
* PREDICTIONS FOR THE CROWD’S LINE CRYPTO PRICE CHALLENGE MUST BE IN BY WEDNESDAY MARCH 7th
*THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM
* THE CROWD’S LINE IS PREDICTING $877.73 FOR THE 5PM CLOSING PRICE ON NEXT FRIDAY
* IT WILL BE INTERESTING TO SEE HOW THE CROWD’S LINE PREDICTION CHANGES FOLLOWING THE STRONG RALLY IN THE PRICE OF BITCOIN
8AM CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
* BITCOIN SURGES YESTERDAY BUT FAILS TO REMAIN FIRMLY ABOVE THE 50-DAY-MOVING-AVERAGE
* COINBASE LOOKING FOR GROWTH: Coinbase may be setting the stage for M&A or bolt on acquisitions. The Cryptocurrency trading platform poached a top dealmaker from LinkedIn as it seeks to make bigger acquisitions, a move that could spark consolidation in the cryptocurrency industry.
CRYPTOCURRENCY TECHNICALS
- TECHNICAL NEAR-TERM TARGET: Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200. The strong price performance may trigger new buyers as was seen late last year when the price crossed this level. The new target is now $12,700 which may pose the next level of major resistance.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000. Minor support at $11,100.
THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM THIS WEEK
HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.
EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
A DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
A PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.
THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE
* ETHEREUM’S PRICE EDGES CLOSER TO THE CROWD’S PREDICTION
* THE CROWD’S PRICE PREDICTION MOSTLY UNCHANGED OVER THE WEEKEND
8AM CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
* BITCOIN SURGES THROUGH $11,200 RESISTANCE LEVEL; NEARS $11,600 LEVEL
* CRYPTOCURRENCIES MOSTLY TRADING HIGHER THIS MORNING
* FORBES MAGAZINE SAYS (IN REPSECT TO BITCOIN’S RALLY), “IS THIS COMBACK FOR REAL? HARD TO SAY, AS THERE ARE HARDLY ANY “FUNDAMENTALS” TO JUDGE WHETHER BITCOIN IS UNDERVALUED OR OVERVALUED AT THESE LEVELS.” – That is to say, unless you have a methodology to evaluate THE CROWD’S view of it’s FAIR VALUE.
CRYPTOCURRENCY TECHNICALS
- TECHNICAL NEAR-TERM TARGET: Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200. The strong price performance may trigger new buyers as was seen late last year when the price crossed this level. The new target is now $12,700 which may pose the next level of major resistance.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000. Minor support at $11,100.
LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE
SATURDAY, MARCH 3rd as of 10AM EST
THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM THIS WEEK
THE CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE
* THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM
* THE CROWD’S LINE IS PREDICTING $877.67 AS THE 5PM CLOSING PRICE ON NEXT FRIDAY
* IT WILL BE INTERESTING TO SEE HOW THE CROWD’S LINE PREDICTION CHANGES FOLLOWING THE STRONG RALLY IN THE PRICE OF BITCOIN
10AM CRYPTOCURRENCY TRADING SUMMARY
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
CRYPTOCURRENCY TECHNICALS
- TECHNICAL NEAR-TERM TARGET: Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200. The strong price performance may trigger new buyers as was seen late last year when the price crossed this level. The new target is now $12,700 which may pose the next level of major resistance.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000. Minor support at $11,100.
LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE
FRIDAY, MARCH 2ND as of 8AM EST
AT THE MOMENT, THE CROWD IS STILL PREDICTING A SIDEWAYS MOVE FOR THE PRICE OF ETHEREUM
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.
A DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
A PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
* BITCOIN TRADES ABOVE $11,000 RESISTANCE LEVEL OVERNIGHT
* CRYPTOCURRENCIES HOLDING FIRM DESPITE THE VOLATILITY IN THE GLOBAL STOCK MARKETS
SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES
* SEC Sends Wave of Subpoenas to ICOs, Including Overstock’s tZERO
On Wednesday, the Journal report stated that “scores” of subpoenas and information requests were sent out demanding details about the structure of sales and pre-sales of ICOs. While the article specifically mentions that the SEC has declined to comment and cites nebulous anonymous sources, the probes reportedly sought the subpoenas and requests from tech companies and advisers involved in the digital tokens market.
THE CRYPTOCURRENCY TECHNICALS
- BITCOIN RESISTANCE: Bitcoin finally fought through the old resistance level of $10,000. Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance. If bitcoin can break that level we could be setting up for a move back to the all-time highs.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.
LAUNCHING OUR 2ND WEEKLY CRYPTOCURRENCY CHALLENGE
WEDNESDAY, FEBRUARY 28TH AS OF 8AM EST
AT THE MOMENT, THE CROWD IS PREDICTING A SIDEWAYS MOVE FOR THE PRICE OF ETHEREUM
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.
A DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
A PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES
THE CRYPTOCURRENCY TECHNICALS
- BITCOIN RESISTANCE: Bitcoin finally fought through the old resistance level of $10,000. Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance. If bitcoin can break that level we could be setting up for a move back to the all-time highs.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.
ETHEREUM PRICE PREDICTIONS SKEWED SLIGHTLY HIGHER
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.
A DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
A PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
* BITCOIN HOLDING ABOVE $10,000 SUPPORT
* CRYPTOCURRENCIES WEAKER ACROSS THE BOARD THIS MORNING
SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES
THE CRYPTOCURRENCY TECHNICALS
- BITCOIN RESISTANCE: Bitcoin finally fought through the old resistance level of $10,000. Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance. If bitcoin can break that level we could be setting up for a move back to the all-time highs.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.
LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE
TUESDAY, FEBRUARY 27th as of 8AM EST
CRYPTOCURRENCIES REBOUND LED BY ETHEREUM
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.
A DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
A PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.
TODAY’S CRYPTOCURRENCY NEWS HEADLINES
* BITCOIN HOLDING ABOVE $10,000
*THE 2-DAY RALLY CONTINUES ACROSS CRYPTOCURRENCIES
* CRYPTOCURRENCY CROWD CHALLENGE ENDS ON WEDNESDAY, MARCH 7TH
SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES
*GOLDMAN SACH JOINS THE CRYPTO MARKETPLACE: After mostly stating that the it was only interested in clearing bitcoin futures for clients, Goldman Sachs appears to be adding execution services as well. Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market. Most important is that this event only helps to further legitimizes cryptocurrencies as an investable alternative asset class.
*A $25,000 PRICE PREDICTION FOR YEAREND: While on CNBC, Fundstrat analyst Tom Lee predicted that Bitcoin would reach $20k by June and $25k by year-end.
THE CRYPTOCURRENCY TECHNICALS
- BITCOIN RESISTANCE: Bitcoin finally fought through the old resistance level of $10,000. Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance. If bitcoin can break that level we could be setting up for a move back to the all-time highs.
- BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.