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Topic: Cryptocurrency Analytics from FXOpen - page 24. (Read 42503 times)

hero member
Activity: 1820
Merit: 505
August 04, 2017, 04:21:05 AM
It’s a mixed bag this Thursday for Ether and Dash. While Ether is trading a bit higher since our update last week, Dash continues to range.

Ether Bounces From Lows

Ether prices versus bitcoin bounced from the 0.058 lows on FXOpen to 0.081 right now. The lows on other exchanges were around the 0.066 level.

Read more: https://blog.fxopen.com/ether-slightly-up-dash-range-bound/
hero member
Activity: 1820
Merit: 505
August 02, 2017, 01:15:13 PM
The long-anticipated bitcoin fork finally happened today. Prices first rallied going into the event only to drop few hours before the split. Alts followed a reverse pattern with losses pre-fork and large gains shortly after.
Bitcoin Forks, Prices Drop From Highs

Bitcoin prices hit a high of $2,892 on FXOpen today just hours before the BCC hard fork. Soon after, however, we saw a large crash of over $200 in less than four hours.

Read more: https://blog.fxopen.com/bitcoin-forks-prices-drop/
hero member
Activity: 1820
Merit: 505
July 28, 2017, 12:31:52 PM
Due to important events in the bitcoin space, in this update we will cover Bitcoin and Ether, instead of the usual Ether+Dash combo.
Ether Stays in Downtrend

Ether continues its slow downward trend. It’s currently quoted at 0.07873, down from 0.08875 during our last update. This is a fall of 11.3 percent.

Read more: https://blog.fxopen.com/ether-stays-in-downtrend-bitcoin-up/
hero member
Activity: 1820
Merit: 505
July 25, 2017, 12:16:49 PM
Since our last update a few days ago BTC/USD prices remained mostly range-bound. Initially, it looked like we may break the important $3,000 handle but after fork fears reappeared prices took a nosedive today.
Bitcoin Ranges as Fork Fears Reemerge

Bitcoin is quoted at $2,546 dollars per coin right now, slightly down from the $2,558 handle noted in our last update. Volatility has been high though and during this time we hit a high of $2,750 and a low of $2,523.

Read more: https://blog.fxopen.com/no-progress-for-btcusd-as-fork-fears-reemerge/
hero member
Activity: 1820
Merit: 505
July 23, 2017, 03:26:10 PM
Bitcoin broke above the important $2,550 level this morning and hit a high of $2,748 on FXOpen and over $2,900 on other exchanges. This had a positive impact across the crypto world as altcoins started to move up as well, at least in dollar terms.
Peercoin Down but Climbing

A lot has happened to Peercoin since our last update two weeks ago. First prices are fell in a downtrend as bitcoin crashed to a low of $1,812 five days ago. Then as BTC/USD reversed course, so did PPC/USD. It’s now quoted at $1.91 dollars per coin.

Read more: https://blog.fxopen.com/bitcoin-rally-lifts-all-boats/
sr. member
Activity: 434
Merit: 250
July 19, 2017, 06:28:15 AM
buy looking the trend in 2014 i am thinking where i was in this workl 350$ BTc and 3$ ltc in 2 years more than 100% profit . I have invested lots in equity share not even gave 5% returns.
hero member
Activity: 1820
Merit: 505
July 18, 2017, 04:53:31 PM
We’ve had an interesting week for bitcoin as prices first crashed below the $2,000 handle only to rally strongly from the lows on renewed hope for scaling. Litecoin followed a similar pattern with a fall to $35.30 followed by a 21% rally to $42.89 dollars per coin.

Bitcoin Bounces on BIP91 Signalling

Bitcoin prices bounced from the $1,812 lows to a hit a high of $2,232 today, a move of over 23 percent. The sharp reversal during the past three days can be attributed to bitcoin miners signalling for BIP91 ahead of schedule. The initial plan called for the Segwit2x software to be deployed and for signalling to begin on July 21st. More on this HERE.

Read more: https://blog.fxopen.com/bitcoin-bounces-on-signalling-for-scaling/
hero member
Activity: 1820
Merit: 505
July 13, 2017, 02:38:22 PM
It’s been tough two weeks for Ether. Since our last update, the fledgling crypto-currency lost over 26 percent versus bitcoin and even more versus the US Dollar.

Ether in Downtrend After Losses

After the recent large losses, ETH/BTC is now in a downtrend. The altcoin lost close to 30 percent versus the US Dollar and 26 percent versus bitcoin.

Read more: https://blog.fxopen.com/ether-in-downtrend-after-major-losses/
hero member
Activity: 1820
Merit: 505
July 11, 2017, 01:42:12 PM
The meltdown in crypto prices continues, with many of the top 20 altcoins hitting drawdowns of over 50 percent from the highs. Luckily the two coins we follow on Tuesdays have so far avoided this fate. Bitcoin is down by ‘only’ 21 percent from the highs while LTC/USD is down by just over 17 percent.

Bitcoin Bounces at Important Support

Bitcoin tested the important support at $2,250 today. By the looks of things, the first try was unsuccessful for the bears. Prices dipped to a low of $2,245 on FXOpen today and stayed there for a grand total of 1 minute before bouncing back above the $2,250 mark. Soon after we had a major rally of $139 dollars to hit a high of $2,384. We have since fallen back a bit to $2,331 dollars per coin.

Read more: https://blog.fxopen.com/bitcoin-tests-important-support/
hero member
Activity: 1820
Merit: 505
July 06, 2017, 10:43:24 AM
Both Peercoin and Namecoin are continuing their upward trends. Compared to two weeks ago we’re seeing continued gains for both of these crypto-currencies.

Peercoin Up 7 Percent

Peercoin prices are up 17 cents or just above 7 percent since our last PPC update. We are currently quoted at $2.47 dollars per coin.

Read more: https://blog.fxopen.com/peercoin-and-namecoin-continue-move-higher/
hero member
Activity: 1820
Merit: 505
July 05, 2017, 02:40:11 AM
Time for another crypto update. Unlike most weeks, this time we have Litecoin outperforming Bitcoin. While BTC prices remain mired in a trading range, the LTC pump continues. We’re now quoted at $49 dollars per coin after previously trading above the $50 mark. But let’s cover big brother first and we’ll come back to litecoin later in this article.

Bitcoin Still in Range

Bitcoin prices are still in range on the daily charts. During the past seven days, we bottomed at a low of $2,326, just above the important $2,250 level. A break below here would’ve triggered a new BTC downtrend.

Read more: /https://blog.fxopen.com/litecoin-breaks-50-dollars/
hero member
Activity: 1820
Merit: 505
June 29, 2017, 03:31:11 PM
Everything is back in a range this week, as both Ether and Dash are waiting for the next move. We also provide a short BTC update at the end of this article.

Ether Ends Rally

Ether prices continued the slow downtrend versus bitcoin. This has led to ETH/BTC finally ending the rally that started last month. We are currently quoted at 0.11927 BTC per 1 Ether, down from 0.1359 BTC two weeks ago. This is a decline of just above 13 percent.

Read more: https://blog.fxopen.com/ether-ends-rally-dash-back-in-range/
hero member
Activity: 1820
Merit: 505
June 27, 2017, 11:44:30 AM
The combined crypto-currencies market cap fell below $100 billion yesterday as we saw large losses across the board. Bitcoin fell against the US Dollar and almost all altcoins fell versus bitcoin, leading to the market cap declining from a high of over $115 billion last week to ‘only’ $92 billion at the moment.
Bitcoin Remains in Range

Bitcoin is currently quoted at $2,397 on FXOpen, down $280 dollars from last Tuesday. In percentage terms, this is just over 10%. On the chart below we can see that the majority of the losses transpired during the past three days. We had no major news releases during this time so we can chalk up the latest down move to technical reasons.

Read more: https://blog.fxopen.com/crypto-market-falls-below-100-billion/
hero member
Activity: 1820
Merit: 505
June 22, 2017, 09:20:23 AM
Both Peercoin and Namecoin broke out during this week. The two crypto-currencies tested their multi-year highs yesterday but have since fallen back a bit.

Peercoin Starts New Rally

With the break above $2.30 PPC/USD is now back in a new uptrend. Yesterday a high of $2.621 was hit on Fxopen, almost matching this year’s high at $2.62 dollars per coin.

Read more: https://blog.fxopen.com/new-uptrend-for-peercoin-and-namecoin/
hero member
Activity: 1820
Merit: 505
June 15, 2017, 03:18:26 PM
Bitcoin fears about a contentious fork are slipping over to the altcoin market. While the losses here are not large in BTC terms, there are in USD. Both Ether and Dash fell significantly from the highs made earlier this week.

Ether Tumbles From Highs

In US Dollars, Ether prices tumbled from the $415 high to a low of $288 today. This is a drop of $127 dollars or just above 30 percent. In BTC terms however, which is the pair we cover in our articles, the drop was much lower at only 14.6%. Here prices fell from 0.1510 to a low of 0.129 BTC before rebounding somewhat. We are currently quoted at 0.1359 BTC, about 10 percent off the all-time highs. Technically this pair is still in an uptrend and will remain so until the bears take out the 0.0865 BTC swing low.

Read more: https://blog.fxopen.com/bitcoin-fork-fears-hit-altcoins/
hero member
Activity: 1820
Merit: 505
June 13, 2017, 03:21:45 PM
Another volatile week for crypto-currencies. Bitcoin briefly broke above the previous all-time high only to sell-off hard on flippening fears. Litecoin followed BTC both up and down but remains tucked in a range.

Bitcoin Falls on Flippening Fears

Bitcoin briefly broke the previous all-time high of $2,848 on FXOpen to hit a new high of $2,889 yesterday. On some other BTC/USD exchanges like Coinbase we touched the $3,000 mark only to sell-off strongly shortly after. The reason behind the heavy selling was flippening fears.

Read more: https://blog.fxopen.com/bitcoin-falls-from-highs-on-flippening-fears/
hero member
Activity: 1820
Merit: 505
June 08, 2017, 02:56:44 PM
Namecoin and Peercoin continue to be dragged down/up along with BTC prices. The two cryptos crashed during the May 26th/27th bitcoin dumping but has since recovered nicely as the big brother made new highs.

Namecoin Prices Remain Range-bound

Namecoin prices remain range-bound after a failed breakout to the downside. The correlation between BTC/USD and NMC/USD is still high. We can expect Namecoin to continue being the ‘victim’ of bitcoin’s fortunes. If you already have a bitcoin position keep in mind that you may be doubling your exposure with a NMC trade in the same direction.

Read more: https://blog.fxopen.com/failed-breakdown-for-namecoin-peercoin/
hero member
Activity: 1820
Merit: 505
June 06, 2017, 09:43:06 AM
Another green week for bitcoin. The leading crypto-currency managed to break the previous all-time high today to hit $2791 on FXOpen. Litecoin managed to get out of its downtrend after being helped by the BTC recovery.

New Highs for Bitcoin

New highs were reached today at $2791 dollars per coin. This is a gain of $571 or over 25 percent since our last update. It seems that BTC gains are getting close parabolic again, which means either even bigger gains or another sharp correction. As a reminder, the last one took down BTC/USD by $1,026 from the highs.

Read more: https://blog.fxopen.com/new-highs-for-bitcoin/
hero member
Activity: 1820
Merit: 505
Bitcoin fell a large $1,026 dollars from the highs reached last Thursday. Litecoin also dropped by a massive 56 percent during the three days of bitcoin decline last week. Both coins have now recovered about 40-50% of the losses.

Bitcoin Falls $1,026 Dollars From Highs

Bitcoin prices fell by a whooping $1,026 dollars from the highs to the lows reached on May 27th. Prices got very close to the potentially trend-ending level of $1,700 on Fxopen but narrowly missed it by bottoming out at $1,710 dollars. We are currently quoted around the 50 percent retracement mark at $2,230 dollars per coin.

Read more: https://blog.fxopen.com/bitcoin-falls-1026-dollars-from-highs/
hero member
Activity: 1820
Merit: 505
Both Peercoin and Namecoin are back in ranges after their rallies cooled off. We are now in ‘wait and see’ mode for these crypto-currencies.

Peercoin Rally Ends

The PPC rally ended on May 16th when prices fell through the $1.60 support line. This ‘event is marked with a yellow rectangle on the chart below. We are currently still near the same price, almost 10 days later. Prices swung higher and lower but ultimately came back around the average.

Read more: https://blog.fxopen.com/peercoin-namecoin-back-in-ranges/
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