FXO (OP)
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June 27, 2018, 11:26:53 AM |
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Both bitcoin and litecoin are trading only a few percentage points above the 2018 lows. Bitcoin is quoted at $6,075 dollars right now, down by $625 dollars or 9.3 percent. Litecoin is trading at $77.31 dollars, down by $20 and almost 21% in percentage terms. Bitcoin Floats Above 2018 LowsBitcoin hit a new yearly low of $5,766 on Sunday but we got a fairly quick rebound from here. In the next few days the dead-cat bounce took us to $6,326 dollars but as you can see on the chart below a lot of those gains have since faded. We are still in a downtrend on the daily charts. To end it we need a breakout above $6,840 dollars per coin. A new rally, however, requires a break of the $7,775 resistance as well. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. Continue reading...
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FXO (OP)
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June 28, 2018, 09:35:45 AM |
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Ether is sitting on the important important around 0.07 BTC per coin. Meanwhile Dash is making new yearly lows and is quoted at 0.03693 BTC at the moment. Ether Sits on SupportAfter falling by almost 10 percent since last Thursday, Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly. Ether is quoted at 0.07107 BTC right now. A decisive breakdown below 0.06961 BTC is needed to finally start the downtrend on the daily charts. For now the pair remains in a range. Support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC. Continue reading...
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FXO (OP)
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July 06, 2018, 11:04:47 AM |
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ETHER LITTLE CHANGED, DASH DOWNBoth Ether and Dash are trading little changed versus bitcoin. Ether is up by 0.11% while Dash is lower by 0.84 percent since last Thursday. Not large moves by any means and especially not for the crypto market which tends to be more volatile than traditional markets. Ether Little ChangedEther is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where we were trading at on June 28th. Continue reading...
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Gudhal Untu
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July 06, 2018, 01:36:36 PM |
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The future trend of cryptocurrencies is certainly still very dependent on bitcoin, and until now bitcoin marketcap is still number # 1 with more than 38% reach, and I'm sure that the future will continue to improve even though bitcoin marketcap continues to decrease.
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FXO (OP)
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July 10, 2018, 02:53:45 PM |
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FXOpen cut spreads. Screenshot was made today on a real ECN account.
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FXO (OP)
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July 10, 2018, 03:28:51 PM |
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Bitcoin Drops, Litecoin FollowsYesterday bitcoin made another attempt to break out and end the current downtrend. It was unsuccessful and the coin proceeded to drop by $346 dollars from the highs. Litecoin followed big brother lower declining by 6 percent today. Bitcoin Drops From HighsBitcoin hit a high of $6,806 yesterday, only $34 dollars away from the previous swing high at $6,840 dollars. As noted in our last article, we needed a breakout above this level to end the downtrend. As that didn’t occur, BTC/USD remains in a downtrend on the daily charts. The $6,840 dollars figure remains to be the important swing high. A breakout above it would both end the downtrend and trigger a new uptrend in prices. We are currently quoted at $6,460 dollars, down 3.6 percent on the day. Continue reading...
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FXO (OP)
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July 13, 2018, 09:37:03 AM |
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Ether is desperately trying to cling on to the support around 0.07 BTC. Meanwhile Dash hit new 15-month lows today at 0.03335 BTC. Ether Teeters on SupportEther is quoted at 0.06946 BTC right now, desperately trying to climb back above the 0.07 BTC figure. Two days ago a new multi-week low of 0.06734 BTC was hit but as you can see on the chart below we bounced back quickly from here. While the support is now technically broken, we can’t call for a downtrend yet. For that to happen we need to see a decisive breakdown of a level not just a quick and shallow break. A break of 0.06734 BTC is now needed for a new downtrend. Weak support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC. Continue reading...
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FXO (OP)
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July 13, 2018, 10:09:04 AM |
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Gold price is correcting higher, but it is facing a major resistance near $1,248. Crude oil price is under pressure, and on the upside, there are key resistances near $70.25 and $70.70. Important Takeaways for Gold and Oil- Gold price declined this week and settled below the $1,250 support against the US Dollar. - There is a crucial bearish trend line formed with resistance near $1,247-48 on the hourly chart of gold. - Crude oil price is likely to face many resistances on the upside like $70.25 and $70.70. - China’s Trade Balance in June 2018 posted a surplus of $41.60B, well above the forecast of $27.61B. Gold Price Technical AnalysisGold price remained in a downtrend this week from well above the $1,260 pivot level against the US Dollar. The price declined and broke many supports such as $1,254 and $1,250. It traded towards the $1,240 level and formed a low near $1,241. It is currently correcting higher and it already moved above the $1,244 resistance. It also broke the 23.6% Fib retracement level of the last decline from the $1,256 high to $1,241 low. However, there is a significant resistance formed near $1,248 and the 50 hourly simple moving average. There is also a crucial bearish trend line formed with resistance near $1,247-47 on the hourly chart of gold. Continue reading...
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nanasei
Newbie
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Activity: 126
Merit: 0
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July 13, 2018, 10:50:59 AM |
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This analysis was done about 3 months ago and is still relevant to todays bitcoins price. The bearish price of Bitcoins and top alternative currency is not going to end sooner.
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FXO (OP)
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July 17, 2018, 08:48:34 AM |
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After a prolonged period of low volatility and range-bound trading the crypto market rallied yesterday. Bitcoin jumped by $288 dollars to close the day at $6,663 dollars per coin. Litecoin rallied by $3.92 to close at $82.94 dollars yesterday. Possible breakout for BitcoinBitcoin finally ended the downtrend started back in May of this year. The crypto rallied by 4.5% yesterday. Today we’re gaining more ground with BTC/USD quoted at $6,712 right now. Bitcoin looks set to test the important resistance at $6,840 dollars per coin. A decisive breakout above here would start a new BTC rally. Above here there’s weak resistance at the previous swing low of $7,046 dollars. Resistance higher up can be found at the $7,775 swing high. This is followed by more levels at $8,590 and 8,880 dollars. The $10,000 round figure is another notable resistance level. A breakout above here could lead to more gains. Continue reading...
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FXO (OP)
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July 20, 2018, 08:15:52 AM |
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After a long period of consolidation, Ether entered a downtrend vs BTC. Meanwhile Dash continued the bearish trend from the week prior. Ether Enters DowntrendWe finally got a decisive break of support in ETH/BTC. Earlier the pair tried to start a new downtrend but was rebuffed twice as bulls rallied us back above the 0.07 BTC mark. Yesterday we got a sharp break below the previous low at 0.06734 BTC and unlike previous times we kept going. Today a new two-month low of 0.06232 BTC was hit. We are currently quoted just above here at 0.06139 BTC. Continue reading...
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el kaka22
Legendary
Offline
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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July 25, 2018, 09:25:15 AM |
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I hate these chart readings. I mean people keep on reading charts on bitcoin like crazy and they share it and everyone talks about it, hell whole crypto world became a master at financial chart reading this past 6 months for some reason. Bitcoin doesn't care about your charts, learn this already, I have been around for over 5 years and charts never matter.
One big whale one big move, one big wave and all of a sudden anything can happen. Bitcoin can become 6k tomorrow or 10k, no one will be surprised for both of them. Learn that charts never matter when the majority of moves happens quickly with some trigger pulled by some people, stop caring about your charts and not read them.
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Bardman
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July 25, 2018, 06:16:29 PM |
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I hate these chart readings. I mean people keep on reading charts on bitcoin like crazy and they share it and everyone talks about it, hell whole crypto world became a master at financial chart reading this past 6 months for some reason. Bitcoin doesn't care about your charts, learn this already, I have been around for over 5 years and charts never matter.
One big whale one big move, one big wave and all of a sudden anything can happen. Bitcoin can become 6k tomorrow or 10k, no one will be surprised for both of them. Learn that charts never matter when the majority of moves happens quickly with some trigger pulled by some people, stop caring about your charts and not read them.
Yet people make a ton of money using TA. I guess it's only a coincidence right? Chart readings matter, the only difference is that the crypto market is heavily influenced by good/bad news. Everyone reacts really aggressively to them so you always have to be aware of that. However on periods of time when we have no significant news TA prevails.
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Bardman
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July 25, 2018, 10:22:43 PM |
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A bull trap? Do you even know what a bull trap is? ''A bull trap occurs when a trader or investor buys a stock that is about to breakout above a resistance level '' In this case we already had a strong follow through above resistance, this can't be a bull trap.
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ShineftChaos
Full Member
Offline
Activity: 378
Merit: 100
I LOVE ADABS
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July 26, 2018, 08:03:41 AM |
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Some Gains Across Crypto MarketThe crypto market is seeing some gains across the board. Bitcoin is up to $6,700 from $6,315 dollars and LTC is at $97 dollars, up from $93 dollars last week. Bitcoin Higher but Downtrend RemainsBitcoin is up 6 percent by since our last update. Prices bottomed out at $6,129 dollars last week, very close to the all-time low for BTC/USD at $5,980 dollars. However despite the gains the downtrend on the daily charts remains. To end it the bulls will have to take us above the $7,775 swing high. A move above here would also restart the rally. Higher up there’s more resistance at $8,590 and 8,880 dollars per coin. The $10,000 round figure is another notable resistance level. A clear breakout above could lead to further gains. Continue reading... Among this coins i highly prefer to invest on ethereum because the growth of this coin is much faster due to its popularity on the people in the community.
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Iwillgotothemoon
Member
Offline
Activity: 171
Merit: 14
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July 26, 2018, 08:15:43 AM |
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Your analysis is very reasonable and your markup is obvious. As a trader, your trade is more experienced than me, thank you for sharing!
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Bardman
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July 30, 2018, 02:43:50 PM |
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Your analysis is very reasonable and your markup is obvious. As a trader, your trade is more experienced than me, thank you for sharing!
His analysis isn't that great, I'm not saying it's bad but he is not very good either. He might be able to fool you because you have no experience but he clearly doesn't even understand what a bull trap is. I suggest to watch TheChartGuys on youtube. Dan is honestly one of the best, if not the best analyst out there, at least for free.
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FXO (OP)
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August 08, 2018, 12:54:31 PM |
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Bitcoin prices are back in a downtrend after falling 10 percent after yesterday’s SEC decision. Litecoin followed suit, breaking out from its range and starting its own bearish trend. Bitcoin Down After Delayed ETF DecisionBitcoin prices dropped close to 10 percent in the past 14 hours. The main catalyst behind the news was the U.S. Securities and Exchange Commission delaying a decision on the VanEck-SolidX ETF until September. While this may not seem like such a bad decision, this is exactly how the SEC treated the Winklevoss ETF. That decision was delayed for years, exhausting all legal delay options, then ultimately refused early last year. Today’s delay comes only 11 days after the SEC rejected the Winklevoss ETF for a second time. As we noted in our article back then, based on the reasons given by the agency, the VanEck-SolidX bid in August should be dead in the water too. Continue reading...
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FXO (OP)
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August 10, 2018, 03:31:03 PM |
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Ether Still in DowntrendEther continues the downtrend vs BTC. The altcoin traded as low as 0.054 BTC last Friday before recovering somewhat. We are currently quoted not far from the lows at 0.05561 BTC. Technically ETH/BTC remains in a bearish trend on the daily charts. To end it the bulls need to stage a breakout above the 0.05845 BTC swing high. A break beyond 0.063 BTC is needed for a new rally. Below current prices we have support at the March low of 0.05240 BTC followed by the 0.05 round figure. This is a another possible area where the downtrend may stall. On the longer-term charts the picture is still the same. We are in a range on the weekly charts and slightly bullish on the monthlies. Read also DSH/BTC analysis on FXOpen blog.
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