Advertise with us (we do not endorse any site advertised)

Author Topic: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum  (Read 24619 times)

0 Members and 4 Guests are viewing this topic.

Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile

No Follow-through for Bitcoin


Bitcoin prices are having a hard time making headway during the past five days. We saw a new high of $8,425 on Sunday but this was quickly sold into by the bears. We are currently quoted at $8,102 dollars.





Bitcoin is still in a range on the daily charts. To end it we need a breakout above $8,425 dollars to the upside. As usual we’re looking for a decisive breakout here not just a brief and shallow spike higher. Higher up there’s more resistance around the $9,000 round figure and the $9,165 swing high. Further up we have the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars.


On the lower end the bears need a break of the support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. On the longer-term weekly charts BTC/USD is range-bound as well. The monthly charts are still looking bullish.


Read about LTC/USD on FXOpen blog.


Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Bitcoin Rally Continues

The rally in BTC/USD continues with more gains during the past few days. As noted previously, with the break above the $8,425 dollars swing high we’re back in a bull market on the daily charts.






There’s weak resistance higher up at $9,887 dollars followed by a stronger level at the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars. Fundamentally no major news have been released to trigger the current bull market in cryptos. The several smaller news events have been both bullish and bearish for the price.


The current rally may end if we get a decisive break below the $7,821 swing low. A new bearish trend needs a break of the support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. On the longer-term weekly charts BTC/USD is range-bound but the monthly charts are keeping the bullish bias.


Read about LTC/USD on FXOpen blog

Offline ososjohn

  • Newbie
  • Joined: Apr 2018
  • Posts: 1
  • Karma: +0/-0
  • HODL!
    • View Profile

found a new cool site, service to track the price of cryptocurrency. updated very quickly. started to use it. try it for yourself/ and that I'm not allowed to insert links
 marketcoinprice com

Offline CryptoCZ

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
found a new cool site, service to track the price of cryptocurrency. updated very quickly. started to use it. try it for yourself/ and that I'm not allowed to insert links
 marketcoinprice com
Does this site have its own application?

Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
More Gains for Bitcoin


Since last Tuesday bitcoin prices advanced by $439 dollars or almost 5 percent. Naturally the uptrend on the daily charts is still in place. To end it the bears will have to push us below the $8,650 swing low. A new downtrend requires a breakdown below the next swing low at $7,821 dollars per coin.



Further down there’s strong support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. Higher up there’s some resistance at the psychological $10,000 figure, followed by more resistance at $10,680, $11,000 and $11,769 dollars. On the weekly charts BTC/USD is range-bound but the monthly charts are still keeping the bullish bias.

Similarly to last week there have been no major news catalyst behind the moves. There has been some chatter from China regarding the legality of some bitcoin trading platforms but so far there hasn’t been any fire, only smoke.


Read about LTC/USD here.

Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Bitcoin Rally Stalls

As noted above, the rally in BTC/USD is somewhat stalling. Prices topped out at $9,987 dollars six days ago and since then it’s been a slow ride down. Yesterday morning we dipped below the $9,000 round figure briefly but recovered quickly for a second time. However the bulls may not be so lucky the third time around, another retest may lead to a breakdown lower.



The potential trend-ending support stands at the $8,815 swing low although not far from here there’s more decent support at the $8,650 swing low. A new downtrend may commence on a decisive break below the $8,000 round figure. Further down there’s some support around the former swing low at $7,287 dollars.

But a stronger area to watch out for is the $6,420 to $6,600 range. This is where we bottomed out last time. This year’s low at $5,980 dollars is another notable level. A clearing of these support levels may open the door to the $5,000 round figure. There’s no change on the longer-term charts. Here the weekly is still range-bound with the monthly keeping a bullish bias.


Read about LTC/USD on FXOpen blog

Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile

Bitcoin Back in a Downtrend


As noted in our previous article, BTC/USD is now back in a bear market. Last week we saw a drop of over $1,000 dollars during which a low of $8,202 was hit. From here we got somewhat of a dead-cat bounce, helped by the Consensus conference.





But with the event already underway and technicals turning bearish, speculators could start to ‘sell the news’. Weak support on the way down can be found at the $8,202 swing low, followed by the $8,000 round figure. Further down we have more support at $7,821, another notable swing low. A strong support area below can be found in the $6,420 to $6,600 dollars range. This is where we bottomed out during the last selloff. A decisive break below here could open the door for a break of this year’s low at $5,980 dollars.


On the upside there’s resistance at the $9,165 dollars, followed by a strong area of resistance around the $10,000 round figure. A clean breakout above here would both end the downtrend and start a new uptrend. On the longer-term weekly charts BTC/USD is in a range while the monthly chart is looking bullish.


Read about LTC/USD on FXOpen blog.

Offline FXOpenTopic starter

  • Jr. Member
  • *
  • Joined: Sep 2014
  • Posts: 73
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Ether Loses Momentum

Ether prices have lost the positive momentum vs bitcoin. We are currently quoted at 0.08414 BTC, below the highs hit back on May 6th.






Nonetheless, ETH/BTC remains in an uptrend on the daily charts. To end it the bears will have to make a decisive push below the 0.07703 BTC swing low. A breakdown below 0.07413 BTC is needed for a new downtrend.


Higher up there’s weak resistance above the 0.085 BTC round figure. This is followed by the 0.08829 swing high and the 0.09 and 0.1 BTC round figures. A decisive breakout above here may open to door to this year’s high at 0.121 BTC. On the longer-term weekly charts Ether is range-bound. The trend is bullish on the monthly charts, which take a longer time to turn.


Read about DSH/BTC and BTC/USD on FXOpen blog


 

CryptoCurrency Analytics from FXOpen

Started by FXOpen

Replies: 1
Views: 5173
Last post September 23, 2014, 11:07:33 AM
by FXOpen
Bitcoin price going down makes me think that Litecoin price could go up

Started by bitcoinforum.com

Replies: 1
Views: 8933
Last post October 25, 2012, 06:39:20 PM
by rTech
Real-time Bitcoin & Litecoin Trading

Started by realtimebtc

Replies: 1
Views: 6779
Last post March 05, 2014, 10:25:21 PM
by OSOK
Cryptocurrency Trading Analytics

Started by hydraulic1

Replies: 1
Views: 1621
Last post August 18, 2017, 12:16:19 PM
by Key
Bitcoin hit 7 USD

Started by bitcoinforum.com

Replies: 3
Views: 14589
Last post January 09, 2012, 02:32:08 PM
by viperjbm

your ads here