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Author Topic: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum  (Read 142607 times)

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #150 on: August 22, 2019, 03:07:44 PM »
LTC and EOS – Recovery soon expected but decline is yet to end

LTC/USD

Last Thursday the price of Litecoin was sitting at its lowest levels the price has been since 29th of April as it was $71.1 but from there started recovering until Monday when it came up to $78.87 at its highest. From Monday we’ve seen another decrease with the price making a slightly lower low compared to the last week’s one but is currently sitting at $73.867.



Looking at the hourly chart, you can see that the price almost came down to $69 horizontal level which is the support level of the starting point on the previous increase. If that previous increase was the 5th wave from the higher degree uptrend move this means that price has almost retraced to the 4th wave’s ending point.

Read more about LTC/USD and EOS/USD pairs analysis on FXOpen blog...


Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #151 on: August 27, 2019, 01:12:38 PM »
Bitcoin and Ripple – a breakout to the downside looks close
BTC/USD
 Last Tuesday the price of Bitcoin was sitting at $10948 which was the first lower high after an attempt for interaction with the 0.382 Fibonacci level. As the price was in a downward trajectory it fell by 10.18% moving slightly below the symmetrical triangle’s support level but the price found support there and started recovering. The recovery which followed has been stopped out at the 0.236 Fib level on two occasions which is why we are seeing the price being struck in this range and is forming a cluster.



On the hourly chart, you can see that the sellers have been putting a lot of pressure at the 0.236 Fib line and that the triangle’s support level hasn’t been respected properly which could serve as a first indication that more likely we are to see a breakout to the downside. This breakout would be the third structure from the yearly high with the first two being three-wave corrections the third one could be the five-wave move to the downside and would be the C wave of the higher degree.

Read more analysis about BTC/USD and XRP/USD cryptocurrency pairs here - https://blog.fxopen.com/bitcoin-and-ripple-a-breakout-to-the-downside-looks-close/

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #152 on: September 03, 2019, 01:03:30 PM »
BTC/USD and XRP/USD recover, but for how long?
BTC/USD Last Monday the price of Bitcoin was $10503 and spiked further to $10675 at its highest point. From there the price has decreased by 10.41% as it came down to its lowest point at $9417.9 on Thursday. As the price came down to its significant horizontal support level last Thursday and found support there a recovery has been seen of around 11% as it came up to the same levels as on last Monday.As you can see from the hourly chart, the price has started to break out to the downside from the symmetrical triangle which was formed since the 26th of June but it found support on the previous low levels at 0 Fibonacci line which has caused a bounce to the 0.236 Fib level and is currently retesting the broken triangle’s support.


Read more about BTC/USD and XRP/USD cryptocurrency rate prediction here - https://blog.fxopen.com/btc-usd-and-xrp-usd-recover-but-for-how-long/

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #153 on: September 05, 2019, 03:34:39 PM »
LTC and EOS – Recovery seen but it could be still a corrective one
LTC/USD From last Friday when the price of Litecoin has been sitting around $62.332 at its lowest point we have seen an increase of 13.61% until Tuesday when it came up to $70.8 at its highest point but is currently sitting at $67 as a minor retracement occurred.


Looking at the hourly chart, you can see that the price attempted to make a recovery above the $69 horizontal level but the attempt ended as a fakeout with the price currently retesting its support point made by the intersection of multiple trendlines.  After the price continued moving below the $69 level it hasn’t continued doing so for much longer before recovery started which could indicate that we’ve seen the ending wave from the five-wave move to the downside that started on the 22nd of June at the yearly high.
Read more on FXOpen Forex Blog - https://blog.fxopen.com/ltc-and-eos-recovery-seen-but-it-could-be-still-a-corrective-one/

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #154 on: September 24, 2019, 01:37:53 PM »
BTC/USD

The price of Bitcoin has been decreasing from yesterday’s open at $10088 and has come down by 4.46% measured to its lowest point today which was at $9638. This decrease is a continuation of the downtrend which started on the 6th of September when the price was sitting at $10920 which is a decrease of 11.94% measured to its lowest point today. Currently, the price is being traded at $9716 as a minor recovery is being made.



On the hourly chart, you can see that the price has almost come down to the descending triangle’s support at $9386 but there wasn’t any interaction. As the price is in a downward trajectory we could expect to see an interaction with the support level after which we are to see if a bounce occurs of would we see a breakout to the downside.

Read more on FXOpen blog...

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #155 on: September 26, 2019, 01:58:27 PM »

EOS/USD

The price of EOS has been sitting around $3.86 at its highest point on Monday from where we have seen a decrease of 37.84% measured to the lowest spike yesterday which was at $2.4. Now the price is being traded at $2.85 as we have seen a price recovery but like in the case of Litecoin the price is currently retesting its broken horizontal level from the downside, meaning the level is now serving as a resistance point.



Looking at the hourly chart, we can see that prior to the downfall the price made a five-wave increase to the $4.16 horizontal level where it got rejected. The increase seen was most likely the Y wave from the WXY correction to the upside dating from the 16th of July. If this is true, then now we have seen the downtrend continuation as the correctional stage completed with the price now moving impulsively to the downside.

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #156 on: October 03, 2019, 12:31:20 PM »
LTC/USD

From Monday’s open at $54.64 the price of Litecoin has increased by 5.34% at its highest point of the week made on Tuesday when the price retested the $57.558 level which was broken on the way down. Currently, the price is being traded slightly lower at around $55.72 as it was mostly been moving sideways since the start of the week.



Looking at the hourly chart, you can see that the price of Litecoin most likely ended its five-wave move to the downside on the $52.427 horizontal level which is a major pivot level and was considered as the median line of the support zone with the $57.558 being its upper level. As the price came down inside this support range we are seeing the price retesting the levels before the next decisive move.

Read more on FXOpen blog...

Offline bossmarket1

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #157 on: October 06, 2019, 07:22:34 AM »

Where can I exchange PRIZM cryptocurrency?

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #158 on: October 08, 2019, 12:31:51 PM »
.

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #159 on: October 09, 2019, 05:32:08 PM »
BTC/USD

The price of Bitcoin has been stuck in a horizontal range since last Monday when it fell to $7758 with strong bearish momentum which is the support level of the mentioned range and retested the $8500 level which is its resistance. This horizontal range could be interpreted as a consolidative range after a breakout has been seen from the descending triangle but it is still unclear whether or no the price headed further to the downside from here or are we going to see the recovery starting soon.


On the hourly chart, you can see that the price of Bitcoin made a three-wave move from the presumed X wave of the 3rd WXY correction. The downfall might have ended on the 3rd wave but considering the impulsiveness seen it more likely that we are in for another low as the price action could develop in a five-wave manner. If this is true then the currently seen range would be its 4th wave which is corrective in nature and will end as a retest of the broken $8500 support level.
Read more on FXOpen forex blog

Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #160 on: October 10, 2019, 02:36:17 PM »
LTC/USD

From Monday’s low at $53.83 the price of Litecoin has increased by 11.3% measured to the highest point the price has been yesterday which is at $59.939. Currently the price is being traded slightly lower at $57.9 as the price reached started decreasing from yesterday’s high.



On the hourly chart, you can see that the price has decreased as a result of the resistance rejection which was made yesterday with the ascending channel’s upper level in which the price has been consolidating since the 27th of September. Looking at the wave structure from the 27th’s low we have seen 3 three-wave corrections playing out which could be a WXY correction of a higher degree in which case yesterday’s interaction would be its ending wave.

Read more on FXOpen blog.

Offline Fereyjo

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #161 on: October 24, 2019, 09:15:47 AM »
There are excellent sites where they check the emergence of a new cryptocurrency, people vote for each.  You can understand which of the new cryptocurrencies has a prospect.


 

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