Topic: Cryptocurrency Analytics from FXOpen - page 28. (Read 42644 times)
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It’s time for another Peercoin/Namecoin update. The two coins had a different fate since our last update 14 days ago. While NMC fell to new lows and into a downward trend, PPC only bounced at support.
Namecoin Breaks Down
Namecoin prices broke down past the $0.27 level last week, hitting a low of $0.236 on October 18th. From here we rallied back up as prices retested the previous support at 27 cents. But now this level acted as resistance, leading to renewed selling. We’re currently quoted at $0.254 per coin.
Read More https://blog.fxopen.com/namecoin-breaks-down-peercoin-nears-support/
Namecoin Breaks Down
Namecoin prices broke down past the $0.27 level last week, hitting a low of $0.236 on October 18th. From here we rallied back up as prices retested the previous support at 27 cents. But now this level acted as resistance, leading to renewed selling. We’re currently quoted at $0.254 per coin.
Read More https://blog.fxopen.com/namecoin-breaks-down-peercoin-nears-support/
We have a mixed bag this week as Bitcoin climbs higher but its little brother tests support. Bitcoin prices broke the previous swing high at $642 and hit a new high at $656 per coin before falling back. Litecoin on the other hand tested the support at $3.76 dollars. We’ll see how that turned out later on, for now let’s take a look at BTC/USD.
Bitcoin Stalls at $650 After Gains
Bitcoin prices peaked at $656.99 after taking another step higher. Those gains couldn’t be sustained however and soon BTC settled down close to the $650 round figure. We noted this level as potential resistance in our previous article
Read More https://blog.fxopen.com/bitcoin-surges-higher-litecoin-tests-support/
Bitcoin Stalls at $650 After Gains
Bitcoin prices peaked at $656.99 after taking another step higher. Those gains couldn’t be sustained however and soon BTC settled down close to the $650 round figure. We noted this level as potential resistance in our previous article
Read More https://blog.fxopen.com/bitcoin-surges-higher-litecoin-tests-support/
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More problems for Ether during the last two weeks as users had to undertake yet another hard fork. Prices have broken the uptrend and look set to move lower instead. Dash on the other hand is already in a downtrend after breaking the 0.01822 swing low nine days ago.
Second Hard Fork for Ether
Ether prices suffered during the past two weeks. The developers rolled out another update due to what appears to be a persistent attack on the network. Initially the successful fork gave a boost to prices with ETH/BTC jumping 8 percent on October 18th. But as we can see on the chart below that rally quickly fizzled out as new attacks emerged. The problems may lead to yet another hard fork for Ether, the third one this year.
Hard forks are controversial in the crypto-space as they (among other risks) could lead to a splintered network. During the first Ether hard fork this year, a sizable percentage of users decided to stick with the original ETH software and called their chain ‘Etherium Classic’.
Read More https://blog.fxopen.com/more-problems-for-ether/
Second Hard Fork for Ether
Ether prices suffered during the past two weeks. The developers rolled out another update due to what appears to be a persistent attack on the network. Initially the successful fork gave a boost to prices with ETH/BTC jumping 8 percent on October 18th. But as we can see on the chart below that rally quickly fizzled out as new attacks emerged. The problems may lead to yet another hard fork for Ether, the third one this year.
Hard forks are controversial in the crypto-space as they (among other risks) could lead to a splintered network. During the first Ether hard fork this year, a sizable percentage of users decided to stick with the original ETH software and called their chain ‘Etherium Classic’.
Read More https://blog.fxopen.com/more-problems-for-ether/
It’s been eight uneventful days for Bitcoin. After the surge on October 10th, BTC/USD stayed basically flat. It’s little brother Litecoin isn’t doing much better either. Prices here have been stuck in a range for the past few weeks.
Bitcoin Flatlines Above $630
Bitcoin hasn’t made much progress during the past week. We are currently quoted at $634.10, somewhat under the $642 Monday. The uptrend for BTC is still in place.
Read More https://blog.fxopen.com/bitcoin-flatlines-litecoin-still-in-range/
Bitcoin Flatlines Above $630
Bitcoin hasn’t made much progress during the past week. We are currently quoted at $634.10, somewhat under the $642 Monday. The uptrend for BTC is still in place.
Read More https://blog.fxopen.com/bitcoin-flatlines-litecoin-still-in-range/
Bitcoin prices surged $20 or 3.25 percent today after the PBOC devalued the Yuan at the lowest level in over 5 years. The move higher was followed by Litecoin albeit at a smaller pace of 1.3 percent. As usual, we’ll start with the big brother and move back to LTC later in the article.
Bitcoin Surges 3 Percent
Bitcoin prices rallied 3.25 percent in the early Asian session after the People’s Bank of China moved the USD/CNY fixing to 6.7098 from yesterday’s price of 6.7008. Today the offshore Yuan (USD/CNH) is surging even higher, trading above the onshore rate at 6.7284.
Almost all Bitcoin mining and the majority of trading volume is generated in China. The Yuan exchange rate can have a sizable impact on Bitcoin prices (at least in the short-term) as these traders/miners rush in to hedge their weakening currency. It’s also speculated that Bitcoin is partially used as a means to circumvent China’s currency controls. It’s up for debate how prevalent this is and what impact it may have on BTC prices.
With that out of the way, let’s take a look at the technical picture. Today Bitcoin has had a decisive break above the $614 resistance. This puts us in a rally mode. We’ve also taken out another resistance, the two-month high at $628.25. Bitcoin is now quoted at $634.70 per coin.
Read More https://blog.fxopen.com/bitcoin-surges-on-weaker-yuan/
Bitcoin Surges 3 Percent
Bitcoin prices rallied 3.25 percent in the early Asian session after the People’s Bank of China moved the USD/CNY fixing to 6.7098 from yesterday’s price of 6.7008. Today the offshore Yuan (USD/CNH) is surging even higher, trading above the onshore rate at 6.7284.
Almost all Bitcoin mining and the majority of trading volume is generated in China. The Yuan exchange rate can have a sizable impact on Bitcoin prices (at least in the short-term) as these traders/miners rush in to hedge their weakening currency. It’s also speculated that Bitcoin is partially used as a means to circumvent China’s currency controls. It’s up for debate how prevalent this is and what impact it may have on BTC prices.
With that out of the way, let’s take a look at the technical picture. Today Bitcoin has had a decisive break above the $614 resistance. This puts us in a rally mode. We’ve also taken out another resistance, the two-month high at $628.25. Bitcoin is now quoted at $634.70 per coin.
Read More https://blog.fxopen.com/bitcoin-surges-on-weaker-yuan/
Are your analysis based on Fundamentals or technical analysis because he crash in ethereum price was due to the Spam attack the chain is experiencing
Cryptocurrencies can’t get ahead in this environment. Bitcoin is trading range-bound with small daily movements and the altcoin market seems to following along. Ether lost the post-conference momentum and Dash is still trading flat.
Ether Loses Momentum
Ether lost the bullish momentum gained during the Devcon2 conference. Prices topped out at 0.024 BTC on September 21 and we’ve been trading lower ever since. We’re currently quoted at 0.02137.
Read More https://blog.fxopen.com/ether-loses-momentum-dash-flat/
Ether Loses Momentum
Ether lost the bullish momentum gained during the Devcon2 conference. Prices topped out at 0.024 BTC on September 21 and we’ve been trading lower ever since. We’re currently quoted at 0.02137.
Read More https://blog.fxopen.com/ether-loses-momentum-dash-flat/
Bitcoin traders are waiting for the next move in prices before jumping on-board. We are still range-bound with no clear direction. Litecoin is in a similar predicament , likely waiting for its big brother to make the first move.
Bitcoin Higher by 90 Cents
Bitcoin is trading barely changed compared to the prices seen seven days ago. We’re now quoted at $608.69 per coin. Last Tuesday, we recorded the price of $607.79 in our previous BTC article. The high-to-low range was a bit higher with BTC/USD topping out at $611 and hitting a low of $598. But both of those moves fizzled out quickly and the prices withdrew back inside the range. The rectangle below shows the price action during the past seven days.
Read More https://blog.fxopen.com/bitcoin-traders-wait-for-next-move/
Bitcoin Higher by 90 Cents
Bitcoin is trading barely changed compared to the prices seen seven days ago. We’re now quoted at $608.69 per coin. Last Tuesday, we recorded the price of $607.79 in our previous BTC article. The high-to-low range was a bit higher with BTC/USD topping out at $611 and hitting a low of $598. But both of those moves fizzled out quickly and the prices withdrew back inside the range. The rectangle below shows the price action during the past seven days.
Read More https://blog.fxopen.com/bitcoin-traders-wait-for-next-move/
The crypto market has been in a hibernation mode for the past few weeks. Bitcoin is trading with no clear direction around the $600 round figure. Smaller altcoins haven’t budged as well. Compared to their prices two weeks ago, both PPC and NMC are barely changed.
Namecoin Still in Tight Range
Alternative cryptocurrency Namecoin is still in a tight range noted in our latest NMC article. We are currently quoted exactly at 30 cents, only 0.5 cents higher compared to 14 days ago. This is a move of 1.66 percent, a negligible amount for that time frame.
Read More https://blog.fxopen.com/crypto-market-in-hibernation-mode/
Namecoin Still in Tight Range
Alternative cryptocurrency Namecoin is still in a tight range noted in our latest NMC article. We are currently quoted exactly at 30 cents, only 0.5 cents higher compared to 14 days ago. This is a move of 1.66 percent, a negligible amount for that time frame.
Read More https://blog.fxopen.com/crypto-market-in-hibernation-mode/
The two major cryptocurrencies Bitcoin and Litecoin are back in a range, although they took a different path to get there. Bitcoin ended its uptrend and is now back in an undecided territory after another week of downside movements. Litecoin briefly broke the important support noted in our latest article but has bounced back hard since then and moved back inside its range. As usual, we’ll first start with BTC and cover its little brother later on.
Bitcoin Back in Range
Everyone’s favorite cryptocurrency is now back in a range after spending the last seven days mostly in the red. Prices dipped to a low of $581.89 on FXOpen and $592 on other exchanges. While this dip doesn’t count as a break of the $590 level noted last week, the upside momentum has been completely lost in BTC/USD. For example, on September 4 a high of $613 was reached and today we’re trading below here at $607 per coin. So, we’ve basically stayed in this new range for the past 23 days.
Read More https://blog.fxopen.com/bitcoin-undecided-litecoin-bounces-strongly/
Bitcoin Back in Range
Everyone’s favorite cryptocurrency is now back in a range after spending the last seven days mostly in the red. Prices dipped to a low of $581.89 on FXOpen and $592 on other exchanges. While this dip doesn’t count as a break of the $590 level noted last week, the upside momentum has been completely lost in BTC/USD. For example, on September 4 a high of $613 was reached and today we’re trading below here at $607 per coin. So, we’ve basically stayed in this new range for the past 23 days.
Read More https://blog.fxopen.com/bitcoin-undecided-litecoin-bounces-strongly/
Ether got a boost from the Devcon2 conference in Shanghai and managed to finally break to the upside. Dash, on the other hand, stabilized somewhat after losing over 30 percent in one month.
Ether Breaks Out
Ether broke above the 0.02204 monthly high on Tuesday as the Devcon2 conference got underway. But the lead-up to the event wasn’t a smooth sailing for the new cryptocurrency. Ethereum’s most popular client Geth suffered a DOS attack. This resulted in nodes running out of memory and crashing on the same block (2283416). Other Ethereum clients were not affected.
Prices initially crashed from 0.02135 to 0.01891 before a fix was published. This led to a quick rebound next day followed by the breakout we see on the chart below.
Read More https://blog.fxopen.com/ether-gets-a-boost-from-conference/
Ether Breaks Out
Ether broke above the 0.02204 monthly high on Tuesday as the Devcon2 conference got underway. But the lead-up to the event wasn’t a smooth sailing for the new cryptocurrency. Ethereum’s most popular client Geth suffered a DOS attack. This resulted in nodes running out of memory and crashing on the same block (2283416). Other Ethereum clients were not affected.
Prices initially crashed from 0.02135 to 0.01891 before a fix was published. This led to a quick rebound next day followed by the breakout we see on the chart below.
Read More https://blog.fxopen.com/ether-gets-a-boost-from-conference/
Both Bitcoin and Litecoin are trading barely changed compared to one week ago. Bitcoin is at $608 right now, only $3 above last Tuesday’s price. Its little brother Litecoin is quoted at $3.82 per coin, just 2 cents above the $3.80 price noted in our last LTC update.
Bitcoin Barely Changed
As we mentioned above, Bitcoin is trading barely changed this week. Prices have been locked between $600 and $610 on most exchanges.
Read More https://blog.fxopen.com/bitcoin-litecoin-barely-changed/
Bitcoin Barely Changed
As we mentioned above, Bitcoin is trading barely changed this week. Prices have been locked between $600 and $610 on most exchanges.
Read More https://blog.fxopen.com/bitcoin-litecoin-barely-changed/
After the flash-crash a few weeks ago, Peercoin and Namecoin are back to their boring selves. Namecoin is stuck in a tight range between 27 and 32 cents per coin. Meanwhile, Peercoin bears managed to make some progress in the past two weeks but no key levels have been broken yet.
Namecoin Stuck in Range
The alternative cryptocurrency Namecoin is stuck in a relatively small range between $0.277 and $0.32 per coin. Neither the bulls nor the bears have the upper hand here.
Read More https://blog.fxopen.com/peecoin-down-namecoin-range-bound/
Namecoin Stuck in Range
The alternative cryptocurrency Namecoin is stuck in a relatively small range between $0.277 and $0.32 per coin. Neither the bulls nor the bears have the upper hand here.
Read More https://blog.fxopen.com/peecoin-down-namecoin-range-bound/
The Bitcoin rally hit a stumbling block on Sunday as prices crashed close to $40 in one hour. Meanwhile, Litecoin was rejected at the $4 mark for the third time.
Bitcoin Rally Stalls
Bitcoin is up by less than 0.5% of $3 compared to last Tuesday. Initially, the momentum move higher took us to $628.25 on Sunday but shortly thereafter prices plunged to a low of $590 on most exchanges.
Read More https://blog.fxopen.com/bitcoin-stalls-litecoin-rejected-at-4-dollars/
Bitcoin Rally Stalls
Bitcoin is up by less than 0.5% of $3 compared to last Tuesday. Initially, the momentum move higher took us to $628.25 on Sunday but shortly thereafter prices plunged to a low of $590 on most exchanges.
Read More https://blog.fxopen.com/bitcoin-stalls-litecoin-rejected-at-4-dollars/
The altcoin market has been under pressure recently after bitcoin’s break above $600. Ether’s break above 0.02122 BTC fizzled out quickly while Dash continued the slow trend lower. A lot of what happens next will depend on big brother. A continuation of the BTC rally could sink our two alts further, while a dip back below $600 would likely have the opposite effect.
Dash Slowly Trends Lower
Dash is slowing losing ground. We’re now quoted at 0.01831 BTC, substantially below the 0.02282 price noted in our last DSH/BTC update. The losses have been slow but systemic, with 10 red candles during the last 14 days.
Read More https://blog.fxopen.com/dash-trends-lower-eth-still-flat/
Dash Slowly Trends Lower
Dash is slowing losing ground. We’re now quoted at 0.01831 BTC, substantially below the 0.02282 price noted in our last DSH/BTC update. The losses have been slow but systemic, with 10 red candles during the last 14 days.
Read More https://blog.fxopen.com/dash-trends-lower-eth-still-flat/
The two major crypto-currencies Bitcoin and Litecoin clocked some nice gains this week. Bitcoin is up by $26 dollars or 4.5 percent compared to last Tuesday. Meanwhile its little brother Litecoin is up by 15 cents or just under 4 percent.
Bitcoin Breaks Out
Bitcoin surged on Sunday, breaking past the $600 round figure. The reason for the rise is yet unclear although ex-post facto some tried to tie the move to the G20 meeting held during the weekend. Another option is Bitfinex-related speculative buying. Volume more then doubled on this exchange during the short rally. No news have been announced as of yet by the troubled exchange.
Read More https://blog.fxopen.com/bitcoin-breaks-out-litecoin-fails-at-resistance/
Bitcoin Breaks Out
Bitcoin surged on Sunday, breaking past the $600 round figure. The reason for the rise is yet unclear although ex-post facto some tried to tie the move to the G20 meeting held during the weekend. Another option is Bitfinex-related speculative buying. Volume more then doubled on this exchange during the short rally. No news have been announced as of yet by the troubled exchange.
Read More https://blog.fxopen.com/bitcoin-breaks-out-litecoin-fails-at-resistance/
It’s been an interesting two weeks for Peercoin and Namecoin. We used to cover these two cryptocurrencies every Thursday. But with rising prominence of Ether and Dash it’s only fitting to include these altcoins in our weekly analysis. Now we will cover PPC and NMC on a rotational basis, one week on, one week off.
Namecoin Flash Crashes to 15 Cents
Namecoin has been under pressure for several weeks, slowly drifting down to the 27-28 cents support area. Two weeks ago we identified these levels as important support. It’s not a surprise that as soon as this support was broken, prices flash-crashed to $0.153 dollars per coin. It’s likely that there were lots of stop orders right below here because like we said on August 18 last year’s low is at $0.274 and ‘a decisive clearing of this support area would switch the long-term trend to the downside as well.’
Read More https://blog.fxopen.com/peercoin-and-namecoin-flash-crash-recover/
Namecoin Flash Crashes to 15 Cents
Namecoin has been under pressure for several weeks, slowly drifting down to the 27-28 cents support area. Two weeks ago we identified these levels as important support. It’s not a surprise that as soon as this support was broken, prices flash-crashed to $0.153 dollars per coin. It’s likely that there were lots of stop orders right below here because like we said on August 18 last year’s low is at $0.274 and ‘a decisive clearing of this support area would switch the long-term trend to the downside as well.’
Read More https://blog.fxopen.com/peercoin-and-namecoin-flash-crash-recover/
Bitcoin is trading little changed compared to last Tuesday. Prices are down by $7 dollars or just 1.1 percent. It’s little brother Litecoin is down by a larger 2 percent. As usual let’s cover big brother first and we’ll come back to LTC later in the article.
Bitcoin Little Changed in Volatile Week
Bitcoin is trading little changed during the past seven days but not for lack of trying. The total weekly range was a respectable $24 dollars, or 8.7 percent. The bears and the bulls can’t make up their mind as we’re entering the 27th day of being stuck in range. The bounds of this area can be found at $596 to the upside and $556 to the downside.
Read More https://blog.fxopen.com/bitcoin-little-changed-litecoin-down/
Bitcoin Little Changed in Volatile Week
Bitcoin is trading little changed during the past seven days but not for lack of trying. The total weekly range was a respectable $24 dollars, or 8.7 percent. The bears and the bulls can’t make up their mind as we’re entering the 27th day of being stuck in range. The bounds of this area can be found at $596 to the upside and $556 to the downside.
Read More https://blog.fxopen.com/bitcoin-little-changed-litecoin-down/
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