BTC/USD
Since last Tuesday when the price of Bitcoin was around $6500 we have seen a downfall of over 30% measured to the lowest levels Bitcoin’s been today, which is at $4529.
This move to the $4700 area was expected as the price action formed a bearish pennant from which, if you were to project the length of the prior move from the apex, you would get a target at around $4700. Also, this was the target area for the descending triangle breakout seen on the daily chart below.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-both-under-strong-selling-pressure/
Topic: Cryptocurrency Analytics from FXOpen - page 17. (Read 42644 times)
LTC/USD
The price of Litecoin has fallen by 16.34% from yesterday’s high at $51.38 and is currently being traded at $42.8.
Read more: https://blog.fxopen.com/ltc-usd-and-eos-usd-more-downside-expected/
The price of Litecoin has fallen by 16.34% from yesterday’s high at $51.38 and is currently being traded at $42.8.
Read more: https://blog.fxopen.com/ltc-usd-and-eos-usd-more-downside-expected/
Compared to last week, Bitcoin is down $130 on FXOpen or close to 2 percent. We are quoted at $6,433 dollars right now.
Bitcoin Down as Tether Drops Again
As we can see on the chart below, the zig-zag movement in BTC/USD continues. After last week’s small rally this week we’re witnessing a selloff.
Read more: https://blog.fxopen.com/bitcoin-down-as-tether-drops-again/
Bitcoin Down as Tether Drops Again
As we can see on the chart below, the zig-zag movement in BTC/USD continues. After last week’s small rally this week we’re witnessing a selloff.
Read more: https://blog.fxopen.com/bitcoin-down-as-tether-drops-again/
BTC/USD
Last Tuesday, November 6th, the price of Bitcoin was at the opening around $6470, and measuring to its current levels of $6438 the price has fallen by only 0.49%. The price hit its recent high the next day on November 7th reaching $6609 and spiking up to $6615 from where the price has been in a downtrend correcting, reaching the recent low at $6380, and spiking down to $6358.7 at its low. Measured from the recent high to the recent low, the price has pulled back by 3,44% but has recovered since its making up for the downfall and is now at 2,61%.
Read more: https://blog.fxopen.com/btc-usd-in-a-correction-xrp-usd-lagging-behind/
Last Tuesday, November 6th, the price of Bitcoin was at the opening around $6470, and measuring to its current levels of $6438 the price has fallen by only 0.49%. The price hit its recent high the next day on November 7th reaching $6609 and spiking up to $6615 from where the price has been in a downtrend correcting, reaching the recent low at $6380, and spiking down to $6358.7 at its low. Measured from the recent high to the recent low, the price has pulled back by 3,44% but has recovered since its making up for the downfall and is now at 2,61%.
Read more: https://blog.fxopen.com/btc-usd-in-a-correction-xrp-usd-lagging-behind/
LTC/USD
Since the last week’s analysis on 1th of November, the price of Litecoin has increased by 7.81% measured from the open at $49.88 to the levels the cryptocurrency is currently being traded at $53.83.
Read more: https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-corrective-stage/
Since the last week’s analysis on 1th of November, the price of Litecoin has increased by 7.81% measured from the open at $49.88 to the levels the cryptocurrency is currently being traded at $53.83.
Read more: https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-corrective-stage/
Bitcoin has managed to successfully conquer the $6,500 handle yesterday. We hit a high of $6,592 during the small pump but a lot of those gains were quickly surrendered. We are currently quoted at $6,564 dollars per coin.
Bitcoin Up but Momentum is Weak
The short-term momentum in BTC/USD is up but weak. The percentage gain yesterday was only 1.4%, far from convincing. To get a stronger rally we may need a breakout above the $6,850 figure. A move above here would take us into bull territory on the daily charts.
Read more: https://blog.fxopen.com/bitcoin-up-but-momentum-is-weak/
Bitcoin Up but Momentum is Weak
The short-term momentum in BTC/USD is up but weak. The percentage gain yesterday was only 1.4%, far from convincing. To get a stronger rally we may need a breakout above the $6,850 figure. A move above here would take us into bull territory on the daily charts.
Read more: https://blog.fxopen.com/bitcoin-up-but-momentum-is-weak/
Do not worry too much about these signs, our market is showing signs of growth and you can see the altcoins are green and Bitcoin has recovered to near $ 6600. That is good news and look forward to a beautiful future.
BTC/USD
Since last Tuesday the price of Bitcoin has increased by 2.41%, coming from $6327 to the current level at $6484.5.
Read more: https://blog.fxopen.com/btc-usd-still-under-pressure-while-xrp-usd-increased-by-over-18/
Since last Tuesday the price of Bitcoin has increased by 2.41%, coming from $6327 to the current level at $6484.5.
Read more: https://blog.fxopen.com/btc-usd-still-under-pressure-while-xrp-usd-increased-by-over-18/
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.
Read more: https://blog.fxopen.com/the-bias-for-ltc-usd-and-eos-usd-is-short-term-bullish/
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.
Read more: https://blog.fxopen.com/the-bias-for-ltc-usd-and-eos-usd-is-short-term-bullish/
For a long time, leading digital currencies, such as Bitcoin and Ether, continue to soar around average price points, which remain relatively stable. Of course, significant news of the cryptocurrency market can send shock waves throughout the market, quickly causing a surge or a fall in prices. However, as the events of the past week have shown, digital tokens seem to be prone to returning to familiar price ranges. Almost all the top 10 digital currencies by market capitalization are being traded horizontally throughout the week. Although some coins fell at the end of the week, Bitcoin remains relatively close to the $6,500 threshold, while Ether is pegged to the price of $200.
Read more: https://blog.fxopen.com/stability-of-cryptocurrency-what-does-it-mean/
Read more: https://blog.fxopen.com/stability-of-cryptocurrency-what-does-it-mean/
Both bitcoin and litecoin lost ground since our last update. The percentage of the drop differed greatly however. While BTC/USD fell by $192 dollars or close to 3 percent, LTC/USD declined by a much larger 6.8 percent. This put LTC back in a downtrend.
Bitcoin Still in Larger Range
With the sizeable drop on October 29th Bitcoin broke out of the smaller trading range, marked with a yellow rectangle on the chart below. We are currently quoted at $6,326 dollars, close to the most recent low at $6,295 dollars.
Read more: https://blog.fxopen.com/bitcoin-drops-litecoin-back-in-downtrend/
Bitcoin Still in Larger Range
With the sizeable drop on October 29th Bitcoin broke out of the smaller trading range, marked with a yellow rectangle on the chart below. We are currently quoted at $6,326 dollars, close to the most recent low at $6,295 dollars.
Read more: https://blog.fxopen.com/bitcoin-drops-litecoin-back-in-downtrend/
Last week the price of Bitcoin has been hovering around $6556 levels before the price dropped. From last week’s high at $6624 the price decreased by 4.53% to its lowest point today at $6320.
Read more: https://blog.fxopen.com/both-btc-usd-and-xrp-usd-under-selling-pressure/
Read more: https://blog.fxopen.com/both-btc-usd-and-xrp-usd-under-selling-pressure/
XRP/USD
Last Monday, October 15th, the price of Ripple started the week at $0.4 at the open and in five hours managed to spike up to $0.52404 which is an increase of 30.45%.
Read more: https://blog.fxopen.com/xrp-usd-and-eos-usd-showing-potentially-short-term-increase-but-an-outlook-is-grim/
Last Monday, October 15th, the price of Ripple started the week at $0.4 at the open and in five hours managed to spike up to $0.52404 which is an increase of 30.45%.
Read more: https://blog.fxopen.com/xrp-usd-and-eos-usd-showing-potentially-short-term-increase-but-an-outlook-is-grim/
The already tight range in BTC/USD narrowed further in the last seven days. We are quoted at $6,518 dollars right now, only down $26 dollars since our last update.
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.
Read more: https://blog.fxopen.com/bitcoin-trading-range-narrows-further/
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.
Read more: https://blog.fxopen.com/bitcoin-trading-range-narrows-further/
Bitcoin decreased by 4%, Litecoin lost 7% in a week
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.
Read more: https://blog.fxopen.com/bitcoin-decreased-by-4-litecoin-lost-7-in-a-week/
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.
Read more: https://blog.fxopen.com/bitcoin-decreased-by-4-litecoin-lost-7-in-a-week/
Despite some drama during the week, bitcoin is still stuck in a range. We are quoted at $6,545 right now, only marginally lower compared to last week’s price of $6,633 dollars.
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.
Read more: https://blog.fxopen.com/bitcoin-in-range-after-tether-panic/
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.
Read more: https://blog.fxopen.com/bitcoin-in-range-after-tether-panic/
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 more: https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-bearish-pennant/
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 more: https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-bearish-pennant/
BTC/USD
From Friday’s low at $6238 the price of Bitcoin has spiked up to $7784 yesterday but has quickly pulled back and is currently hovering around $6763.
Read more: https://blog.fxopen.com/btc-usd-forming-a-symmetrical-triangle-as-well-as-xrp-usd/
From Friday’s low at $6238 the price of Bitcoin has spiked up to $7784 yesterday but has quickly pulled back and is currently hovering around $6763.
Read more: https://blog.fxopen.com/btc-usd-forming-a-symmetrical-triangle-as-well-as-xrp-usd/
Most major crypto-currencies are stuck in a tight range. This is true for the two coins we follow on Tuesday as well. Both Bitcoin and Litecoin haven’t made a breakout since our last update seven days ago.
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.
Read more: https://blog.fxopen.com/major-cryptos-still-in-range/
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.
Read more: https://blog.fxopen.com/major-cryptos-still-in-range/
The price of bitcoin is still stuck in a range. We are quoted at $6,557 dollars at the moment.
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.
Read more: https://blog.fxopen.com/bitcoin-stuck-in-range/
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.
Read more: https://blog.fxopen.com/bitcoin-stuck-in-range/
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