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

Author Topic: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum  (Read 43610 times)

FXOpen and 5 Guests are viewing this topic.

Online emma.lee1890

  • Sr. Member
  • ***
  • Joined: Jun 2018
  • Posts: 451
  • Country: cn
  • Thanked: 2 times
  • Karma: +0/-0
  • Gender: Female
  • HODL!
    • View Profile
    • Arabian Escapes
  • Bitcoin Address: https://goo.gl/WyVf4R
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #75 on: September 30, 2018, 07:20:00 AM »
echnically BTC/USD is now in a range. A new rally requires a breakout above the all-time highs at $2,889 on FXOpen (around $3,000 on other major exchanges). On the lower end, there’s some weak support at the $2,500 round figure


Offline swminershop.com

  • Newbie
  • Joined: Oct 2018
  • Posts: 13
  • Thanked: 1 times
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #76 on: October 03, 2018, 12:28:55 PM »
It will go up in the end of year

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #77 on: October 03, 2018, 12:35:20 PM »

Bitcoin Still Stuck in Range


As noted above bitcoin is still stuck in a range for 23 days now. The top of this range is at $6,825 dollars while the bottom is at $6,116 dollars.





On the chart above this range is clearly marked with a yellow rectangle. There will be no clear trend on the daily chart until we get a decisive breakout beyond the top or bottom. Similarly to the price action, things have been slow on the news front too.


Weak support below can be found at the $6,000 round figure followed by the last major swing low at $5,883 dollars. We have a much stronger level at this year’s low of $5,790 dollars.


The $5,700 to $6,000 area is a triple-bottom for BTC/USD. This year we already got three bounces here in February, June and August. A clearing of this area could stop-out a lot of people and thus quickly lead to a test of the $5,000 round figure.  There’s no change in trends on the longer-term charts either. Bitcoin is slightly bearish on the weeklies and slightly bullish on the monthlies.


Read also LTC/USD analysis on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #78 on: October 10, 2018, 07:10:50 AM »
Bitcoin Continues Range


Bitcoin prices continue to trade inside a relatively tight range. During the past week prices hit a high of $6,693 and a low of $6,419 dollars. This is a price difference of only $274 dollars or 4.2 percent. This is on the low side for the usually wild crypto market and especially compared to the volatility we had earlier in the year and during the entire last year.



It’s hard to say when this calmness will end but when it does big moves could happen, either up or down. It’s good to be prepared for every possibly and to not fight the market when the push comes. A decisive breakout above $6,825 dollars could start a new rally on the daily charts. Below $6,116 dollars the trend will shift to the downside. These are the two major inflection points we’re looking at right now.

Higher up there’s some resistance at around $7,409 dollars followed by the $8,000 round figure and the latest major swing high at $8,486 dollars. The $9,000 and especially the $10,000 round level could act as resistance to rising prices. On the lower end there’s weak support at the $6,000 round figure followed by the last major swing low at $5,883 dollars. This year’s low is at $5,790 dollars and is another notable support for BTC/USD.

The $5,700 to $6,000 area is a triple-bottom for bitcoin. This year we already got three bounces here in February, June and August. A clearing of this area could stopout a lot of traders and quickly lead to a test of the $5,000 round figure. As you can probably guess by the lack of movement, there’s no change in trends on the longer-term charts. Bitcoin is slightly bearish on the weeklies and slightly bullish on the monthlies.


Read also LTC/USD analysis on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #79 on: October 12, 2018, 01:01:49 PM »
Ether on Life Support

Ether prices dropped by over 10 percent yesterday to hit a low of 0.02946 BTC at one point but quickly bounced from here. A decisive breakdown below this level could re-start the downtrend in ETH/BTC. On the lower end we have weak support at the most recent swing low of 0.02620 BTC, followed by the December 2017 lows at 0.02287 BTC. The 0.02 round figure could also act as temporary support.



To start a new rally the bulls need a breakout above the most recent swing high at 0.03617 BTC. Resistance higher up can be found in the 0.039 to 0.041 BTC area, followed by 0.04205 BTC and 0.04843 BTC. The round 0.05 milestone should also act as resistance to rising prices. On the longer-term charts ETH/BTC is bearish on the weekly but range-bound on the monthly charts.

Read also DSH/BTC analysis on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #80 on: October 18, 2018, 02:50:36 PM »
LTC/USD

From Monday’s spike at $62 the price of Litecoin has retraced by 11.8% as its currently trading at $54.73.



Looking at the hourly chart we can see that the price action is now back on the descending channels resistance line, which now serves as a support. As you can see, the price action formed an ascending channel that breaks out from the descending one. But it results in a painful and slow upward move followed by a massive red candle bringing the price back inside the territory of the descending channel. It happened on Monday and happened two more times previously. I believe that this will happen this time as well and the price is heading down to the lower support zone line at $49.2 or even lower to the support zone lower line 2 at $44.62.

Zooming out on to the 4-hour chart you can clearly see where these significant horizontal levels originate from, and that zone was the main plateau from which the all-time high was made. It would be very significant to break it as it serves as a strong support and was well respected in the past. The price hasn’t gone below it since August last year.

Read also EOS/USD analysis on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #81 on: October 19, 2018, 09:11:25 AM »
Bitcoin Still in Range

The price of bitcoin is still in a range on the daily chart. Compared to last week we’re down by only $88 dollars or 1.3 percent. Naturally this wasn’t enough to trigger a change in trend.



On FXOpen there was a sharp short-lived spike above $7,000, reaching a high of $7,335 dollars at one point. This was due to a mini bank-run on Bitfinex. As the price of Tether plummeted to 85 cents on the dollar, panicked traders bought bitcoin to get their money out of Bitfinex as soon as possible. The exchange recently lost another banking partner and users are reporting delayed or rejected fiat withdrawals.


Read more...

Online emma.lee1890

  • Sr. Member
  • ***
  • Joined: Jun 2018
  • Posts: 451
  • Country: cn
  • Thanked: 2 times
  • Karma: +0/-0
  • Gender: Female
  • HODL!
    • View Profile
    • Arabian Escapes
  • Bitcoin Address: https://goo.gl/WyVf4R
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #82 on: October 21, 2018, 10:27:10 AM »
 Coupled with direct BTC deposits, FXOpen Crypto accounts are unique in the FX industry and allow clients to transact in a most convenient trading environment with minimal costs and a good potential for profits.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #83 on: October 23, 2018, 03:00:02 PM »
BTC/USD

From last Tuesday, October 16th, the price of Bitcoin has decreased by 4.69% from the high at $6852 to the current levels of $6535.



Looking at the hourly chart, we can see that the price action has broken out off of the minor symmetrical triangle. It was formed after a bull flag, making it invalid and signaling that the price is likely heading down, which is what happened. After a breakout, the price fell to the next significant level it found in a lookout for support. It is on the prior higher degree symmetrical triangle inside a descending one from which the price broke out last Monday.

As you can see, the intersection between that level and the horizontal support level served as a temporary support. The price bounced off of it but as the peak was only to $6655 more downside was to be expected. Currently, the price has fallen again and is now interacting with the symmetrical triangle of a higher degree support. The price quickly dipped below it but jumped above it again leaving a wick on the hourly chart.

Read more on FXOpen blog.

Online emma.lee1890

  • Sr. Member
  • ***
  • Joined: Jun 2018
  • Posts: 451
  • Country: cn
  • Thanked: 2 times
  • Karma: +0/-0
  • Gender: Female
  • HODL!
    • View Profile
    • Arabian Escapes
  • Bitcoin Address: https://goo.gl/WyVf4R
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #84 on: October 28, 2018, 05:37:07 PM »
FXOpen is the first Forex broker to offer clients MT4 accounts denominated in Bitcoin and other cryptocurrencies. Coupled with direct BTC deposits, FXOpen Crypto accounts are unique in the FX industry and allow clients to transact in a most convenient trading environment with minimal costs and a good potential for profits

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #85 on: October 31, 2018, 08:21:37 AM »
Bitcoin Trading Range Narrows Further

As noted above, the trading range has narrowed even further. The high during the past seven days stands at $6,731 while the low is at $6,479 dollars. Prices have been aimlessly bouncing around in this tight area.



This will not last forever of course. Tight ranges are usually followed by a surge of price action. During quiet times like these, inexperienced traders usually increase their trading size to compensate for the lack of volatility and try to scalp the range. After the market breaks out, many traders who were busy buying lows and selling highs get ‘caught’ on the wrong foot and have to close their oversized positions quickly. This can trigger a snowball reaction as panicked traders rush to the door at the same time.

The levels we’re looking at are $6,825 on the upside and $6,116 on the downside. A decisive breakout above/below these levels could lead to an extended move higher/lower. Some exchanges are still experiencing Tether price dislocation. The troubled ‘stablecoin’ is currently quoted at $0.9748 on Kraken and has been trading noticeably below the $1 peg for two weeks now. You can read more about why this is happening and how to adjust your chart analysis in our previous article.

On the long-term charts the situation is unchanged, Bitcoin is slightly bearish on the weeklies and slightly bullish on the monthlies.

Read also Litecoin analysis on FXOpen blog.

Online GoldXCashNet

  • Newbie
  • Joined: Oct 2018
  • Posts: 16
  • Karma: +2/-0
  • HODL!
    • View Profile
  • Bitcoin Address: ji6uyu6g95kugi56i5p6ih05ih
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #86 on: October 31, 2018, 08:51:36 AM »
Very usefull information !

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #87 on: November 01, 2018, 01:41:55 PM »
LTC/USD

From last Monday high at $53.8 the price of Litecoin has decreased by about 9% at its recent lowest point at $48.87. Currently, the cryptocurrency is traded at $50.029, which almost a 2% recovery from the mentioned low as the price is in an upward trajectory.



On the hourly chart, we can see that the price went below the horizontal support level at $52.4 and a big red candle appeared indicating that selling was activated around that area. As the price dropped, it went below the next horizontal support level at $49.23 dipping two times below it and leaving two wicks that both reach out to $48. Currently, as the price has recovered with a big green candle, we are seeing a minor descending structure that is corrective in nature and will likely result in another increase from these levels.

Read more on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #88 on: November 06, 2018, 01:17:39 PM »
BTC/USD

Since last Tuesday the price of Bitcoin has increased by 2.41%, coming from $6327 to the current level at $6484.5.



Looking at the daily chart we can see that the price of Bitcoin interacted with the horizontal support level at $ 6256 last Wednesday. That is why we have seen this increase over the course of the last week to the next horizontal level at $6516, which now serves as resistance. Yesterday’s candle was a red one indicating that the price might get rejected by the horizontal level, but as today’s candle is a green one with a wick interacting with the level, we are yet to see if the rejection gets validated or was it just a correction before a breakout.

After the increase to above $7600 ended as a spike, I was expecting the price to interact with the descending triangle’s resistance line to retest it for support before a breakout could be considered. But as the price retraced by 100% and is now in an upward trajectory, I believe that the interaction will never happen unless the price falls straight down from here. As the price pulled back by 100% from the spike on Monday, October 15, it is still unclear whether this could be viewed as a “fakeout” or not because the price hasn’t quickly dropped inside the territory of the descending triangle. But it definitely shouldn’t be viewed as a breakout considering that the price retraced back to the same levels from which the increase was made.

Read also XRP/USD analysis on FXOpen blog.

Online FXOpenTopic starter

  • Full Member
  • **
  • Joined: Sep 2014
  • Posts: 112
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/FXOpenCompany
    • plus.google.com/+fxopen
    • fxopenbroker.livejournal.com
    • twitter.com/FXOpenBroker
    • View Profile
Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #89 on: November 08, 2018, 06:10:00 AM »
Litecoin Double Bottom at $47 Dollars

Litecoin formed a double bottom in the $47 dollars area. Prices hit a low of $47.78 dollars on October 31st, slightly above the $47.03 price noted on September 12th. This is also the yearly low for LTC/USD.



The bounce from this area of support was strong enough to propel prices to a high of $56.47 today, effectively ending the short-lived bear trend on the daily charts.The altcoin is trading at $54.36 dollars right now.

Litecoin needs a breakout above $60 dollars to trigger a rally. On the opposite end a clean breakdown below $47 dollars would re-start the bear and possibly lead to large losses below. Litecoin is bearish on the weekly charts. The trend situation is neutral on the monthlies.

Read more on FXOpen blog.


 

CryptoCurrency Analytics from FXOpen

Started by FXOpen

Replies: 1
Views: 5745
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: 9262
Last post October 25, 2012, 06:39:20 PM
by rTech
Real-time Bitcoin & Litecoin Trading

Started by realtimebtc

Replies: 1
Views: 7254
Last post March 05, 2014, 10:25:21 PM
by OSOK
Cryptocurrency Trading Analytics

Started by hydraulic1

Replies: 1
Views: 2079
Last post August 18, 2017, 12:16:19 PM
by Key
According to Google Trends, interest in Bitcoin and Ethereum fell by 75%

Started by Rabia780

Replies: 0
Views: 121
Last post August 21, 2018, 04:41:30 PM
by Rabia780

your ads here