Cryptocurrency Analytics from FXOpen - page 26.

voskobojn

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The Securities and Exchanges Commission decided to reject the first US bitcoin ETF. Prices initially crashed on the decision but quickly recovered. Litecoin fell on the ETF decision as well but it later recovered all losses.

SEC Rejects Bitcoin ETF

The US Securities and Exchanges Commission decided to reject a rule change that would permit the listing of the first US bitcoin ETF. Prices initially crashed by over $200, from $1246 to a low of $1,040 on FXOpen. Other exchanges saw similar 20% declines.

Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf/

voskobojn

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Dash continues the strong rally after the breakout two weeks ago. Earlier this month a high of 0.04825 was reached. We’re trading near these highs at 0.04243 BTC right now. Ether is on the move as well, after commencing its down uptrend.

Dash Nears All-Time High

Dash prices are nearing the all-time high set earlier this month. Since our last update, the altcoin surged from 0.01969 to 0.04243. In percentage terms this is a gain of close to 110%.

Read more: https://blog.fxopen.com/dash-surges-by-110-percent/

voskobojn

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Another exciting week in the crypto arena. Both bitcoin and litecoin clocked some gains since our last weekly update. But will these gains stick?

Bitcoin Drops on PBOC Comments

Bitcoin prices dropped from $1,255 to a low of $1,170 today on comments by PBOC’s Zhou Xuedong. The official said that while bitcoin exchanges will not be forbidden, strict regulations will be applied to the sector. The PBOC will undertake an observation period and may even close non-complying exchanges. Zhou Xuedong is the director of the PBoC’s Business Administration unit and was the person in charge of the audit conducted on bitcoin exchanges earlier this year.

This tone is the strongest yet to date from the People’s Bank of China so it’s not surprising to see the price fall a decent amount. However BTC/USD has recovered about half of the losses already and is quoted at $1,226 right now. Chinese prices remain suppressed as bitcoin withdrawals are still not possible. One coin is selling from $1,150 t0 $1,165 on the Big Three, a discount of over $70 dollars from USD exchanges.

voskobojn

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We have a mixed bag of results today. While Peercoin continues to clock gains, Namecoin finished its rally. It’s currently quoted at 25 cents, only 1.1 cent above the price noted two weeks ago.

Peercoin Rallies by 13 Percent

Peercoin prices are up by over 13 percent during the past 14 days, from $0.284 to 0.322 right now. As you can probably deduce from the chart below, the uptrend is still in place.

voskobojn

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Bitcoin prices surged close to 10 percent in the past seven days, largely due to speculation regarding the upcoming ETF decision. Litecoin moved up slightly but remains in a downtrend. As usual we start with bitcoin and we’ll come back to LTC/USD later in the article.

Bitcoin Surges $100 on ETF Speculation

Bitcoin prices rallied by over $100 dollars since last Tuesday to hit a high of $1,188 on Fxopen. On other exchanges we’ve seen figures above $1,200. The move higher seems to be largely due to increased speculation about the upcoming bitcoin ETF.

Read more:https://blog.fxopen.com/bitcoin-surges-on-etf-speculation/

voskobojn

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It’s a mixed bag for the two cryptos we will cover in today’s article. While Dash managed to stage a successful breakout last week, ETH prices didn’t get very far and soon retraced all gains.

False Breakout for Ether

Ether prices had a false breakout last week. On February 14th prices surged from 0.01125 to a high of 0.01321. But by day four of the rally we had a 50% retracement and by day eight all of the gains were lost.

voskobojn

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The slow bitcoin recovery continues with the market making new highs. We hit $1,085 recently on Fxopen. Meanwhile Litecoin continues to struggle with prices only up by 3.5 cents or just under 1 percent.

Bitcoin Recovery Continues

The recovery in BTC prices continues for another week. We are currently quoted at $1,085, over $93 dollars higher compared to the price noted last Tuesday. This is a gain of 9.4% in percentage terms. As you can see on the chart below, we’ve been in an almost constant uptrend since the lows at $913 over one month ago.

Read more:https://blog.fxopen.com/bitcoin-rally-continues-litecoin-flat/

voskobojn

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During the past two weeks both Peercoin and Namecoin have paused their rallies. We haven’t reversed course yet as both altcoins are waiting for the next move.

Peercoin Still in Uptrend

Peercoin prices are technically still in an uptrend. But the momentum to the upside is almost completely gone as PPC/USD hasn’t made a new high in almost one month (since January 17th). To renew it, the bulls have to push PPC above this month’s high at $0.305.

voskobojn

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Bitcoin prices are trading around the $1,000 figure with no clear direction. Market participants seem to be focused on the upcoming bitcoin ETF decision and ignoring the news from China. Little brother Litecoin entered a short-term bear market last week. As usual we’ll begin with BTC and come back to Litecoin later in the article.

Bitcoin Traders Wait for ETF Decision

A lot has happened since our last update seven days ago. The major news was the Big Three Chinese exchanges stopping bitcoin and litecoin withdrawals. This initially crashed prices and we saw a low of $913.99 on BTC-E. Shortly thereafter however a recovery occurred that sent BTC/USD back to the $1,000 handle. This exact scenario repeated one more time, with prices bottoming out at $963 dollars few days later.

Read more:https://blog.fxopen.com/bitcoin-waits-for-etf-decision/

voskobojn

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Both Ether and Dash ended their uptrends this month. The two cryptocurrencies have been trading sideways during the second half of January but only recently they dipped lower. We haven’t entered a bear market yet but a strong downmove could push us in that scenario.

Ether Ends Uptrend

Ether prices dipped below the 0.01106 swing low last week, thereby ending the relatively brief uptrend. We are back in ‘no mans land’ here. Ether is quoted at 0.01069 at the moment. This is a percentage difference of just under 7% compared to two weeks ago. On the chart below the last 14 days are marked with a yellow rectangle to make it easier to stand out.

Read more: https://blog.fxopen.com/ether-and-dash-go-sideways/

voskobojn

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Bitcoin’s leg higher continues for another week. After embarking on a new short-term uptrend last week, BTC/USD built on those gains to climb back above the $1,000 mark. It’s little brother Litecoin isn’t doing as good as it remains range-bound.

Bitcoin’s Trend Higher Continues

Bitcoin managed to climb back above the $1,000 mark this week. We are currently quoted at $1,003 dollars per coin on Fxopen, a gain of $71 dollars compared to last Tuesday. In percentage terms, this is a move of 7.6 percent.

Read more: https://blog.fxopen.com/bitcoins-leg-higher-continues/

voskobojn

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Today Namecoin prices broke above the $0.242 swing high and began and new uptrend. It joins Peercoin which has been in rally mode for most of January. This uptrend continues into the new month.

Peercoin Rally Continues

Peercoin prices are still in rally mode as the altcoin trends higher, albeit slowly. Since our last update 14 days ago no new highs have been reached. Prices peaked at $0.313 on January 17th and during the past two weeks we only traded as high as $0.304 (today). But the overall direction remains up, as can be seen on the chart below.

voskobojn

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Bitcoin prices rallied strongly today, entering a new short-term bull market. This is happening despite a plunge in volume on Chinese bitcoin exchanges. Litecoin prices are moving up as well, helped by the altcoin’s transition to Segwit.

Bitcoin Rallies as China Volumes Plummet

Bitcoin prices are trading at $934 dollars right now, up by 3.2 percent since Thursday. The rally happened despite (or because) plummeting trading volumes on Chinese bitcoin exchanges. after instituting trading fees last week, Big Three lost over 90 percent of their volume. Most are now trading close to the volumes seen on the USD-based exchanges.

thebatletbet

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how many fx open support altcoin trading in meta tader 4
only bitcoin, or several altcoin support too, ethereum, litecoin
i can't acces fxopen,com, what is solution can acces fxopen

voskobojn

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Both Ether and Dash are still in uptrends. But while Dash gained new ground during the past two weeks, Ether stayed mostly flat.

Ether Prices Mostly Stable After Rally

Ether prices have stayed mostly stable during the past two weeks. We are currently quoted at 0.01148, down by 5 percent compared to our last ETH update. This is not much considering that up to this point prices rallied 50 percent from the lows hit in December.

Read more: https://blog.fxopen.com/ether-dash-still-in-uptrend/

voskobojn

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Bitcoin prices remained stable in the face of more China restrictions and even rose a bit in the previous seven day period. Litecoin on the other hand is down slightly by 1.6 percent.

Bitcoin Stable in Face of More China Restrictions

Bitcoin is trading at $902 right now, $37 dollars above it’s last Tuesday price. In percentage terms this is a gain of 4.3 percent.

voskobojn

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In our previous article we hypothesized that both Peercoin and Namecoin are in rally mode. Shortly after that article however we got a sharp correction in prices, which briefly broke below some important support levels (more on this below).

Peercoin Resumes Uptrend

The last two weeks saw a lot of volatility in PPC prices. First we fell to a low of $0.211 on January 7th, briefly breaking below the $0.223 level identified last week as a potential trend ender. But the break wasn’t decisive and if you take a look at the daily chart you can see that prices never closed below this level. Furthermore the duration of the trip below $0.223 was short, lasting only a few hours.

talikila

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Quote from: voskobojn on January 17, 2017, 10:03:27 AM

It’s been a hectic start of the year, with pricing surging to a new all-time high only to crash shortly thereafter. But this past week has been much calmer, with prices swinging above and below the $800 mark. Little brother Litecoin remains undecided as well.

A Calmer Week for Bitcoin

It’s been a much calmer week for BTC/USD. Prices are currently quoted at $865 dollars, only $3 below last Tuesday’s price. This a price difference of only 0.34 percent. On the chart below the price action for the latest seven days is marked with a yellow rectangle.

Thank you for your share. I like this chart. It will help me have a good decision for trading bitcoin.

voskobojn

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It’s been a hectic start of the year, with pricing surging to a new all-time high only to crash shortly thereafter. But this past week has been much calmer, with prices swinging above and below the $800 mark. Little brother Litecoin remains undecided as well.

A Calmer Week for Bitcoin

It’s been a much calmer week for BTC/USD. Prices are currently quoted at $865 dollars, only $3 below last Tuesday’s price. This a price difference of only 0.34 percent. On the chart below the price action for the latest seven days is marked with a yellow rectangle.

Read more: https://blog.fxopen.com/a-calmer-week-for-bitcoin/

voskobojn

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The start of the year has been good to ETH investors. Prices are up by close to 47 percent right now from the January open at 0.00828. Dash is up by a substantial amount as well since the start of the year.

Ether Gains on Bitcoin’s Troubles

Ether is trading at 0.01216 BTC right now, close to 47 percent from the yearly open. Granted, this has been a rally from oversold levels. At one point prices declined by over 75 percent from the highs hit earlier this year.

Topic: Cryptocurrency Analytics from FXOpen - page 26. (Read 42644 times)