Cryptocurrency Analytics from FXOpen - page 27.

voskobojn

hero member

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The near three-month long bitcoin rally is finally over. Big brother’s decline took down LTC as well. Both crypto-currencies are now waiting for the next move.

Bitcoin Rally Ends with a Bang

Bitcoin’s bull run is finally over. Prices peaked at $1,096 on Fxopen (around $1,163 on other exchanges). Just three days later a low of $770 dollars was hit on Fxopen (around $810 on other exchanges).

anref

legendary

Activity: 1568

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The unrelenting bitcoin rally is finally spurring some buying in the altcoin market. Both Peercoin and Namecoin have switched from downtrends to uptrends and are now trading substantially higher since our last update.

Peercoin Follows BTC Higher

After ignoring bitcoin’s ongoing rally for a long time, alts seem to be finally waking up. Peercoin is currently quoted at $0.273 per coin, a 30 percent gain compared to our last update two weeks ago. With the latest gains, PPC/USD managed to break the downtrend and enter into rally mode.

Read More https://blog.fxopen.com/bitcoin-tide-lifts-all-boats/

anref

legendary

Activity: 1568

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Both Peercoin and Namecoin continued to suffer during the last two weeks. Peercoin is quoted at $0.209 right now, 2.6 cents or 11 percent lower. Namecoin is trading at $0.17, down by 1.8 cent or 9.6 percent compared to two weeks ago.

Peercoin Loses 11 Percent

Alternative cryptocurrency Peercoin lost an additional 11 percent since our last update. As we can see on the 4 Hour chart below, while the downmove wasn’t straight, it was consistent. The crypto hit a new multi-month low of $0.206 yesterday.

anref

legendary

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Alternative crypto-currency Dash has been trading right above an important support level all month. Ether on the other hand had a wild ride, first plunging to a new low of 0.00775, only to rally back up to 0.01152.

Ether Bounces From Lows

Ether had an interesting two weeks since our last update. The crypto initially continued the trend lower, moving below the 0.01 figure on December 2nd. Then a hack of a prominent ETH investor sent prices crashing and on December 6th a low of 0.00775 was hit. From here we got a bit of a reversal, with ETH/BTC rallying to 0.01152, almost matching the month’s high at 0.01166.

anref

legendary

Activity: 1568

Merit: 1002

Peercoin prices slipped and fell back down in a bear trend last week. One coin is selling for $0.235 right now, 8.9 percent down compared to two weeks ago. Namecoin continues to lose ground and is now trading 11.3 percent lower.

More Losses for Namecoin

Alternative crypto-currency Namecoin is quoted at $0.188 right now, 2.4 cents or 11.3 percent lower compared to our last update. On Saturday prices traded as low as $0.166 but quickly recovered from here to hit a high of $0.217 on Sunday. Most of these gains were quickly surrendered however as you can see on the chart below.

anref

legendary

Activity: 1568

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Bitcoin is quoted at $751 right now, $20 dollars higher compared to last Tuesday. It’s little brother isn’t doing well however, with prices down by close to 10 percent in the same timeframe. Let’s start with BTC and we’ll get back to Litecoin later in the article.

Bitcoin Higher by $20 Dollars

Everyone’s favorite crypto-currency is trading $20 dollars or 2.7 percent higher. But it hasn’t been a smooth ride this time with prices first rallying to a high of $773, only to fall back down to $743 dollars.

anref

legendary

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Another two weeks of red for both Ethereum and Dash. Ether is down by close to 15 percent while Dash is heading back down. Let’s start with ETH/BTC and we’ll get back to Dash later in the article.

Ether Down Almost 15 Percent

Another two grueling weeks for ETH bulls as prices continue to head lower. We are currently quoted at 0.01152, 14.6 percent below the price noted during our previous update.

anref

legendary

Activity: 1568

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It’s been an uneventful week for both Bitcoin and Litecoin. Everyone’s favorite crypto-currency is down by $4 dollars or just above 0.5%. Its little brother Litecoin is down by 7 cents or 1.8 percent and is currently quoted at $3.85.

Bitcoin Hits a Roadblock

The bitcoin rally has hit a bump in the road with prices stuck around the $730 round figure. We’re now trading at $731 dollars, down by 0.54% compared to last Tuesday. On the chart below the latest 7 days of price action are shown by the second flat-lining arrow.

anref

legendary

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Unlike the past two months where we saw both Peercoin and Namecoin fall together, during the last two weeks a divergence has emerged. Namecoin continues to drop, albeit at a slower pace, and is now down by 7.4% during the previous 14-day period. Peercoin on the other hand is up by over 10 percent during the same time-frame.

Namecoin Still Weak

A 19.4% jump on November 13th came close to ending the downtrend for Namecoin. Prices rallied as high as $0.246 but narrowly missed the 26 cents threshold. However in the days after those gains evaporated and NMC/USD now finds itself again under pressure. One coin is selling for $0.212 right now, 1.7 cents or 7.4 percent below the price noted two weeks ago.

anref

legendary

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Bitcoin is trading higher while Litecoin is little changed. This is a repeat of what has become a familiar pattern during the past few weeks. One bitcoin is now selling for $735 dollars, up 5.5 percent since our last update. Litecoin is quoted at $3.92. This is higher by 2.6 percent but well below any important resistance levels.

Bitcoin Up 5.5 Percent

It’s another week of gains for BTC/USD. We’re now up by 5.5 percent compared to last Tuesday and close to 20 percent since the start of this rally back in October.

anref

legendary

Activity: 1568

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The gains for bitcoin continue and with it we’re seeing most altcoins under pressure. Ether is testing the lows reached last month while Dash is somewhat stable but not far from its lows either. Let’s start with ETH/BTC and we’ll get back to Dash later in the article.

Ether Testing Lows

Ether prices are testing the lows reached during October. One coin is now quoted at 0.01349 per BTC, just barely above the 0.01332 low hit last month. Few hours ago we traded as low as 0.01338.

Gahs

sr. member

Activity: 294

Merit: 250

Minter

I believe the price of bitcoin and gold surged because people were afraid of how the fiat economy would turn out once Trump gets sworn in.

anref

legendary

Activity: 1568

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The crypto-market had a interesting week, like most financial markets. The US election last Tuesday sparked a wave of volatility that was also felt in Bitcoin and Litecoin. But the initial impact was soon negated as prices took a U-turn and erased the gains.

Bitcoin U-Turns on Trump Victory

The US election brought a surprising winner last Tuesday. Despite what the polls were suggesting, Donald Trump will be the new US president. This surprise result initially led to a shock risk-off mode in markets. We saw the Yen rallying, the SP500 crashing by 5% and Gold and Bitcoin moving higher. Prices hit a high of $729 dollars on November 9th right after the election results.

memequiserle

hero member

Activity: 616

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Chainjoes.com

Quote from: epitome on October 28, 2016, 09:19:09 AM

assuming that you are Petar Kotevski i like your blog and would you give a detailed study about the recent big time upcoming and past ICO and their possibilities ,i request you to start with ICONOMI as i want detailed analysis like the one you have done before in your blog

i think until now fxopen not supported trading iconomi coin
so the frist must request to fxopen added iconomi support trading in there

egghead123

legendary

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http://bitcoinplus.org/content/Litecoin_trading_analysis.php

anref

legendary

Activity: 1568

Merit: 1002

More losses for Peercoin and Namecoin during the past two weeks. Namecoin dropped an extra 2.5 cents or close to 10 percent since our last NMC update. Peercoin on the other hand finally managed to break the support at 27 cents and is now trading lower by 4.2 cents. This is a move down of over 15 percent.

Namecoin Falls by 9.8 Percent

Namecoin continues its downward sloping trajectory. Prices are now quoted at $0.229, or 9.8 percent lower. But as we can see on the chart below, the last 14 days haven’t been smooth sailing for the bears. While initially they managed to push NMC/USD as low as 0.221 last week, the subsequent rally took prices back to a high of $0.259. From here a second wave of selling led to a low of $0.227 yesterday.

anref

legendary

Activity: 1568

Merit: 1002

The crypto-market took a set back last week after rumors about new China restrictions. Bitcoin dropped from $725 to $675 on Fxopen during a short 12-hour period. Litecoin followed a similar pattern that day, falling from $3.99 to $3.80 in 8 hours.

Bitcoin Drops $50 on China Rumors

Bitcoin prices dropped $50 or close to 7 percent on November 3rd on speculation about new China restrictions. According to a news story that first appeared on the Bloomberg terminal, Chinese officials are mulling restrictions on domestic bitcoin exchanges. The new rules would impose limits on moving certain volumes of bitcoin and other digital currencies abroad. Allegedly officials are worried that the exchanges are used to circumvent domestic capital restrictions.

anref

legendary

Activity: 1568

Merit: 1002

Another week where we’re seeing gains for bitcoin and losses in the altcoin market. Bitcoin continues to advance and is now quoted at $729, $12 dollars above the price recorded two days ago. Ether on the other hand is down over 23 percent in the past ten days while DSH/BTC is down slightly more at 25 percent.

Ether Drops Over 23 Percent

Ether dropped 23.6% against bitcoin in the past ten days. On October 25th prices broke down below the 0.018 important support and it’s been downhill ever since, as you can see on the chart below.

anref

legendary

Activity: 1568

Merit: 1002

Another good week for bitcoin as prices surge higher by $67 or just above 10 percent. Its little brother Litecoin is not doing as great however and is still fighting with the $4 resistance area. As usual we’ll start with bitcoin and go back to LTC later in the article.

Bitcoin Rally Hits $720

The bitcoin rally continues unabated as prices reached a new high at $720 today. But the road to here from last week’s print at $650 wasn’t smooth, as the chart below shows.

anref

legendary

Activity: 1568

Merit: 1002

Quote from: epitome on October 28, 2016, 09:19:09 AM

assuming that you are Petar Kotevski i like your blog and would you give a detailed study about the recent big time upcoming and past ICO and their possibilities ,i request you to start with ICONOMI as i want detailed analysis like the one you have done before in your blog

I'm not Petar Kotevski. Send a message to him to blog https://disqus.com/home/forums/blogfxopencom/ https://blog.fxopen.com

Topic: Cryptocurrency Analytics from FXOpen - page 27. (Read 42503 times)