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Author Topic: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum  (Read 100582 times)

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #120 on: March 05, 2019, 03:21:07 PM »

BTC/USD


From last week’s analysis, when the price of Bitcoin was $3925, we have seen stagnation as the price was hovering sideways around those level until yesterday, when another decrease of 3.12% was made from $3906 to $3784.







Looking at the hourly chart, we can see that yesterday’s decrease was a breakout from the horizontal range in which the price moved sideways, consolidating after the initial drop of over 10%. The price fell to the most significant support level which is the baseline support since the start of the bear market and has found support there as it retested the level twice before going in an upward trajectory again.


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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #121 on: March 12, 2019, 01:44:51 PM »
BTC/USD

Last Tuesday when the price of #Bitcoin was $3783 at its lowest point we have seen an increase of 4.88% as the price was coming up to $3954 until 6th of March. From there the price action continued moving to the upside but in smaller moves, which made an ascending channel that lead the price to the horizontal resistance level at $3994.4. It was first crossed from the upside but this quick fakeout lead to a steep downfall back to the 0.618 Fibonacci level at the $3936 support.



After the price found support there it started increasing again in a five-wave manner and managed to go once again above the $3994.4 resistance line slightly higher than before as it came to $4043 at its highest spike. But since it entered the sellers’ territory another downtrend started in a three-wave manner as the price came down to the first horizontal support from the previous sideways channel at around $3901 at its lowest point today.

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #122 on: March 14, 2019, 03:52:54 PM »
LTC/USD

From last Thursday when the price of Litecoin was $58.8 at its highest point we have seen an increase at first as the price continued moving higher slightly past the horizontal support zone which now serves as resistance. The price came up to around $60 but since it entered the seller’s territory it got pushed back below the upper resistance line at $57.558 and came down to $53.814 at its lowest point on Tuesday.



From there the price started increasing again and came up to the upper resistance line again were it got rejected on a lower high and since the 5-wave impulse has ended we are most likely seeing the start of a move to the downside. This movement would be either a correction or the start of the trend continuation as the Intermediate Y wave ended from a WXY correction. If the correction gets prolonged by two more waves then this move to the downside would be the second wave X after which another move to the upside would be expected as the final wave Z should develop but if this is the start of the trend continuation then we are to see further lower lows for the price of Litecoin.

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #123 on: March 19, 2019, 03:14:31 PM »
BTC/USD

From last Tuesday when the price of #Bitcoin was $3903 at its lowest we have seen an increase of 5.68% as the price came up to around $4130 at its highest point on Saturday. Since the high, the price has been retracing back and came down to $4041 at its lowest point so far and is currently sitting at $4080.



Looking at the hourly chart we can see that the price of Bitcoin came to its first significant resistance point around the intersection between the 0.786 Fibonacci level and the falling wedge resistance line as projected. This upswing was expected as the Y wave from the second Minute correction to the upside. The most upper resistance point is at around $4300 which is the horizontal support zone, now serving as resistance so another increase to those levels could be a possibility if the price is set to retest further resistance.

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Offline kventin.upgrade

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #124 on: March 25, 2019, 11:34:27 PM »
The head of the major cryptocurrency exchange BitMEX Arthur Hayes (Arthur Hayes) believes that the "cryptocurrency winter" is over and the Bitcoin rate this year will reach $ 10,000. Is this possible this year?
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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #125 on: March 26, 2019, 12:24:30 PM »
BTC/USD

Last week the price of Bitcoin was in a minor in which the price increased by 2.17% – coming from $4057 at its lowest point on Monday to $4145 at its highest spike on Thursday. From there the price of Bitcoin started decreasing fast as it came down to $4004 in a matter of hours which indicated that the sellers are starting to gain control as the price previously came up to the vicinity of the prior high level and found resistance there again.



On the hourly chart, you can see that the price of Bitcoin broke down below the ascending trendline which was the minor trendline from 4th of March and retested it from the downside for resistance last Saturday which cause the price to start moving in a downward trajectory once more.

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Offline kventin.upgrade

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #126 on: March 27, 2019, 01:36:02 AM »
BTC/USD
On the hourly chart, you can see that the price of Bitcoin broke down below the ascending trendline which was the minor trendline from 4th of March and retested it from the downside for resistance last Saturday which cause the price to start moving in a downward trajectory once more.



Do I understand correctly that according to your technical analysis, the price by the end of the week (month) may be below 4000, possibly 3500?
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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #127 on: March 28, 2019, 11:41:44 AM »
LTC/USD

From last Thursday when the price of Litecoin was around $61.58 we have seen sideways movement in a range between the resistance level at $62.5 and the support at $58.2. Today the price has retested the horizontal resistance level of the mentioned sideways range and is currently sitting around $61.613.



On the hourly chart, we can see that the price of Litecoin ended its five-wave to the upside. It formed a descending structure after. Today the price broke its resistance line but was stopped out at the minor horizontal resistance level with the price currently being in a downward trajectory. As the price is still above the resistance zone I was expecting a retest of its significant level at $57.558 which hasn’t occurred, but the price fell close to it on Tuesday coming to $58.

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Offline maks-ivanov89

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #128 on: March 28, 2019, 06:34:44 PM »
Interesting thoughts))
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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #129 on: April 01, 2019, 07:43:37 AM »
For me 44 is more probable scenario..

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #130 on: April 02, 2019, 12:51:02 PM »
BTC/USD

From yesterday when the price of BTC was at $4163 the BTC/USD pair has increased by 22.7% today measured to the highest point the price has been which is at $5108.




On the hourly chart, you can see that the price came to the descending trendline on Saturday when the interaction has been made. Then a minor retracement occurred to the 0.786 Fibonacci level where the price found support on a quick spike as it came back to the significant resistance level and was hovering around before finally going above it slightly, retested it from the upside. After that strong momentum was shown to the upside as the price increased impulsively and parabolically.

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Offline kventin.upgrade

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #131 on: April 02, 2019, 07:41:04 PM »

If the reports are indeed true, why are prices rebounding strongly?
Technically, the important levels to remember are $3,930 and $5,000. A breakdown below $3,930 could start a new downtrend in prices, while a move above $5,000 would restart the rally.


The question of "why" was asked precisely and in time, and key levels were clearly defined.
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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #132 on: April 09, 2019, 01:58:00 PM »
BTC/USD

From last Tuesday when the price of Bitcoin was sitting around $4192 we have seen an exponential increase of the price of Bitcoin as on the same day it increased by around 17% in a matter of hours to $4894. The following the day the price continued its upward trajectory and has come up by another 8.15% before a significant pullback occurred on Friday when the price fell by approximately the same as the previous increase, as it came down from $5327 to $4861.9 which was a decrease of 8.73%.



Over the weekend the price continued increasing and came up to $5332 level again which has proven to be a significant resistance point as the price previously came to that level. It caused a sharp pullback, and has attempted another breakout yesterday but has been stopped out at those levels. Today the price again came close to the horizontal resistance level before starting to move to the downside again.

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #133 on: April 11, 2019, 03:00:28 PM »
LTC/USD

From yesterday’s high at $91.318 the price of Litecoin has decreased by 12% measured to the lowest point the price has been today at $79.87. The price has been in a downtrend from Saturday when it came up to around $98, and then decreased by around 20% and is still moving to the downside.



Looking at the hourly chart, you can see that the price of Litecoin is in a corrective stage after the price increased parabolically last week. As I have counted the sub-waves of the corrective structure we are now seeing its third component developing. The RSI is signaling extremely oversold conditions as it came down below 20% mark.

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #134 on: April 16, 2019, 11:30:41 AM »
BTC/USD

From yesterday’s high at $5222 the price of Bitcoin has decreased by 4.58% measured to today’s low at around $4980 which was only a quick spike as the hourly candle closed at $5031. Since then the price has made a slight recovery and is currently in an upward trajectory sitting at $5106.6.



Last week the price of Bitcoin experienced sideways movement from Monday until another spike to the upside was made to $5483.5 on Wednesday. But straight after the price started plummeting down with strong momentum and made a downfall of around 10% in one go as it came down to $4935.7 on Friday. This downfall has led the price below the support line of the ascending channel but the price managed to go back inside its territory.

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