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January 12, 2016, 04:05:56 PM |
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Bitcoin is trading off the highs as what seems to be China-related panic buying subsides in the past few days. Bitcoin’s little brother, Litecoin, is also down after yesterday’s liquidity spike retraced completely. Bitcoin Off $455 Highs Everyone’s favorite cryptocurrency is trading at $445 flat right now. This is almost $10 dollars below last week’s high at $454.98. That high reached seems to be (at least in part) due to panic buying after the People’s Bank of China guided the Yuan 0.51% down, to its lowest level since 2011. This led to market panic both in China and across the world. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fs8wlFdj.png&t=662&c=sr6NYlBMi4sx8g) Read More https://blog.fxopen.com/bitcoin-off-highs-as-panic-subsides/
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January 14, 2016, 04:22:09 PM |
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Both Namecoin and Peercoin have rallied strongly today. Namecoin is up by 9 percent while PPC/USD is trading higher by close to 12 percent. However doubts remain about the sustainability of these rallies. The two major crypto-currencies, Bitcoin and Litecoin, haven’t moved much and are slightly down compared to our last update. Bitcoin is currently quoted at $432 dollars, down $13 dollars since Tuesday. Its little brother Litecoin is down to $3.48, from $3.51 two days ago. Peercoin Higher by 12 Percent Alternative cryptocurrency Peercoin is trading higher by 5.3 cents, or almost 12 percent today. This adds to previous gains of 1.2 cent since last Thursday. We are currently quoted at $0.482 dollars. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FX8iAy5V.png&t=662&c=qV0Pqe0RI2vuyQ) Read More https://blog.fxopen.com/namecoin-and-peercoin-stage-a-rally/
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January 19, 2016, 03:02:10 PM |
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Bitcoin entered a new downtrend last week after breaking the important $400 figure on Friday. Prices subsequently fell by $50 dollars, or just over 12 percent, to a new monthly low of $349.82. Its little brother Litecoin followed the move lower with losses totaling 13.5 percent. As usual we’ll start with bitcoin first. Bitcoin Breaks $400 Dollars After trading in a range for close to a month BTC/USD finally made its move. Prices barreled past the important $400 figure on Friday, closing at $386 dollars per coin. The losses continued for another day on Saturday as bitcoin hit a new one-month low at $349 dollars. We have since bounced back somewhat to $386.33 dollars. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FX3g7vw5.png&t=662&c=vTEaZfJoG9UYVg) Read More https://blog.fxopen.com/bitcoin-breaks-400-enters-downtrend/
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January 21, 2016, 02:17:27 PM |
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It’s been a volatile week for cryptocurrencies. Bitcoin first crashed below the $400 handle, hitting a low of $349 dollars on Saturday. This prompted both Peercoin and Namecoin to reverse their rallies and head lower. But in the next few days a sharp retracement started, bringing BTC/USD back above the $400 round level. We are currently quoted at $416 dollars per coin. The knock-on effect on PPC and NMC saw their losses reversed as well, whipsawing trend-following traders again. Peercoin Reverses Trend on Bitcoin As noted above, prompted by Bitcoin, Peercoin reversed its uptrend and headed lower. We mentioned that this was a possibility in our previous PPC article. The surge higher in prices wasn’t broad-based and the two major cryptocurrencies Bitcoin and Litecoin were flat during that rally. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FKyWiP3g.png&t=662&c=3jJhpEHvPV_zSQ) Read More https://blog.fxopen.com/volatile-week-for-cryptocurrencies/
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January 27, 2016, 03:57:26 AM |
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Bitcoin is trading lower compared to Thursday. Prices fell by $23 dollars last Friday, from $407 to $384 dollars. Since then we have been moving up slowly and one coin is selling for $394 dollars right now. Litecoin had a similar few days, falling by 14 cents on Friday and recouping some of the losses in the past four days. But as usual, let’s start with big brother bitcoin first. Bitcoin Trading Lower The swings for everyone’s favorite crypto-currency continue. Two weeks ago prices fell by almost $100 dollars, from $443 to a low of $349.82 dollars. From here we rallied all the way to an interim high of $425.50 dollars, only to surrender most of those gains in the later part of last week. We are currently trading at $394.67 dollars. On the chart above you can see the recent swings in the BTC price. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FtDVDest.png&t=662&c=tKa6WtAgnbWe-A) Read More https://blog.fxopen.com/bitcoin-trading-lower-after-swings/
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January 28, 2016, 04:18:59 PM |
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Smaller altcoins continue to swing around wildly. Yesterday Namecoin and Peercoin surged by 12.5% and 17 percent respectively. Today both cryptos have surrendered most of those gains as bitcoin took a dive lower. Big brother fell by $14 dollars this morning, from $395.86 to a low $381.67. We are currently trading at $385 dollars per coin, closer to the daily lows then the highs. Peercoin Surges by 17 Percent Peercoin surged by 17 percent yesterday, from $0.414 to a high of $0.483. Today we saw a lot of those gains disappear as BTC dropped and PPC/USD initially fell to a low 43 cents flat. One Peercoin is selling for $0.451 right now, around the middle of the daily range. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FU6Y5eQo.png&t=662&c=U-ECYA4cC7ZRaw) Read More https://blog.fxopen.com/altcoins-continue-wild-swings/
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February 02, 2016, 03:30:16 PM |
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Bitcoin and Litecoin continued the slow drift lower in the past seven days. On Thursday and Friday BTC/USD fell by close to $30 dollars, from $395.86 to a low of $366.50. Litecoin declined by 26 cents during those two days, from $3.26 to $3 dollars flat. Since then however, both cryptos have remained stable, albeit with a bearish bias. But let’s start with big brother bitcoin. Bitcoin Falls $30 Dollars Bitcoin’s decline of close to $30 dollars last week continues the trend lower for the cryptocurrency. We are currently quoted at $377 dollars per coin and we’ve stayed around these prices for the entire trading day. On the daily chart below we can see that despite the sharp rallies in between, the trend for BTC prices has been lower for the past few weeks. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FS56sRzy.png&t=662&c=kYucqBWiFp4yjg) Read More https://blog.fxopen.com/bitcoin-and-litecoin-drift-lower/
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February 04, 2016, 05:45:25 PM |
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Both Peercoin and Namecoin have snapped their multi-day losing streak after BTC spiked higher two hours ago. Peercoin is currently up by 1 cent on the day, or about 2.4 percent. Rival coin NMC is up by 1 cent as well to $0.407 dollars. Peercoin Higher by 2.4 Percent As noted above, alternative cryptocurrency Peercoin is trading higher today. This is mostly due to big brother bitcoin surging by $16 dollars to $385 dollars per coin, or just over 4 percent. But taking a more long-term view, PPC is nowhere near staging a new rally, or a downtrend for that matter. As we can see on the chart below, we are currently quoted at $0.42, over 6 cents away from both breakout points. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F89HOlbB.png&t=662&c=o9ZlfgwVXJQoJA) Read More https://blog.fxopen.com/peercoin-namecoin-higher-after-btc-spikes/
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February 09, 2016, 07:19:46 PM |
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Cryptocurrencies stayed more or less range-bound during the past few days. A larger factor contributing to this were the Chinese New Year holidays. Bitcoin is currently quoted at $378.01, not even 50 cents above its price this time last week. Meanwhile Litecoin is trading at $3.08 dollars per coin, practically unchanged for the week. Bitcoin Volatility Eases Into the Chinese New Year We’ve seen a noticeable drop in daily volatility during the past few days. Most of the largest bitcoin exchanges are based in China/Hong Kong and they’ve announced that USD deposits will not be processed until next Monday, February 15th. Deposits in Chinese Yuan will continue to be processed, albeit at a slower pace. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXggfXvU.png&t=662&c=Mik-Xo80FoQo9g) Read More https://blog.fxopen.com/bitcoin-calms-during-chinese-new-year/
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February 11, 2016, 03:50:28 PM |
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Most of the altcoin market continues to trade in a range. Peercoin is down by 1.3 cents compared to last Thursday while Namecoin is trading almost unchanged at $0.401 dollars per coin. The lull in market action is likely caused by bitcoin’s decreasing volatility. We’ve touched a bit on the reasons behind this in our recent article. Peercoin Falls by 3 Percent Alternative crypto-currency Peercoin is trading lower by 3 percent this week. On the chart below we can see that after a brief spike last Thursday, PPC/USD has resumed the slow downward slide. But what we said in last week’s article continues to apply, we’re nowhere near the two important breakout points for PPC. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FxxEENhi.png&t=662&c=pQyf7HsWhTX9tQ) Read More https://blog.fxopen.com/altcoins-continue-range-bound-trading/
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February 16, 2016, 04:17:26 PM |
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After several weeks of range-bound trading, bitcoin finally managed to string together some gains. Prices are up $34 dollars since bottoming out at $374.08 last Tuesday. Meanwhile its little brother Litecoin is gaining ground as well, albeit to a lesser extent. But let’s start with bitcoin first. Bitcoin Downtrend Ends During the weekend BTC prices broke past the $392.50 swing high, ending the previous downtrend. And today we look set to break to new highs as bitcoin enters rally territory. On the chart below this slow creep higher is clearly visible. What are some of the important levels to watch? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FEZMHNhK.png&t=662&c=6JS5qxM0SMjRaA) Read More https://blog.fxopen.com/bitcoin-enters-uptrend-after-rally/
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February 18, 2016, 06:02:16 PM |
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Altcoins are still undecided as bitcoin continues the march higher, gaining $17 dollars or just over 4 percent since Tuesday. Prices hit $424.99 dollars per coin minutes ago, nearing the swing high at $425.50. We are currently quoted at $424 dollars flat. But let’s start with Peercoin first and we’ll come back to BTC later on. Peercoin Nearing Breakout Point In the past week, PPC /USD has gained 3.7 cents or 9 percent. With the recent gains PPC is nearing its upper breakout point, marked on the chart below. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQRPnGHH.png&t=662&c=8pttvP2dBMMOcA) Read More https://blog.fxopen.com/altcoins-still-undecided-as-bitcoin-surges/
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February 23, 2016, 02:23:15 PM |
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Since our last BTC update on Thursday, prices rallied an extra $25 dollars to hit a high close to $450 dollars on most exchanges. This propelled its little brother Litecoin to join the rally. But in the past three days both cryptos have retraced somewhat. Let’s start with big brother first and we’ll come back to Litecoin later. Bitcoin Retraces Over $30 Dollars Bitcoin retraced over $30 dollars from the highs reached on February 21st. We are currently quoted at $421.97 on Fxopen, slightly above the lows reached earlier in the session. On the chart below we can see that in the grand scheme of things, this retracement is not very large. (Note that due to an outage at FxOpen/BTC-E, this chart doesn’t capture the entire rally to $448-$450.) Bitcoin has rallied over $70 dollars from a low of $374.08 on February 9th. After such a strong rally, a sharp correction was inevitable at some point. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fm8gDr4n.png&t=662&c=ED68wt8zVf70xA) Read More https://blog.fxopen.com/bitcoin-retraces-litecoin-breaks-out/
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February 25, 2016, 04:57:33 PM |
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Not much has changed in cryptoland during the past two days. Bitcoin is currently quoted at $422.14, only 16 cents above Tuesday’s price. Litecoin is trading at $3.34, down 3 cents compared to two days ago. But in the days prior to Tuesday, both Peercoin and Namecoin broke out, with different results. Let’s go over PPC/USD first. Peercoin Up 2 Percent Peercoin broke out above the $0.467 level last weekend and proceeded to rally to a high of $0.496. The gains here stopped, partly because of the important $0.50 round figure, noted in our previous PPC article. But the major reason behind the retracement back to $0.456 was bitcoin’s crash on February 23rd. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSVHP7SM.png&t=662&c=PbXkZL8x3_IU3g) Read More https://blog.fxopen.com/peercoin-gains-namecoin-little-changed/
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March 01, 2016, 03:28:59 PM |
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Bitcoin edged higher in the past week, rallying from $421.98 to $433.57 dollars, a gain of 2.7 percent. However this didn’t translate into gains for for the wider altcoin market. Litecoin is trading little changed at $3.37 dollars per coin. Namecoin is little changed since last Thursday and Peercoin is down by 3.6 percent. But let’s start with BTC first. Bitcoin Gains 2.7 Percent Bitcoin rallied from the lows at $413.40 reached last week. From low to high, the gains have been over $24 dollars or just under 6 percent. From the noted price last Tuesday, BTC/USD is trading higher by 2.7 percent. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FrUIoCO1.png&t=662&c=RbcpDb3vNW6QCQ) Read More https://blog.fxopen.com/bitcoin-edges-higher-litecoin-little-changed/
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March 03, 2016, 04:05:03 PM |
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Peercoin rallied sharply today, from $0.455 to a high of $0.498 before retracing. This on a day where big brother bitcoin dropped $7 dollars to $423 dollars per coin. Smaller altcoin Namecoin is down as well, albeit slightly. Peercoin Rallies by 9.4 Percent Peercoin was up by close to 10 percent today, hitting $0.498 before the sellers stepped back in. We are currently off 1.8 cents from the highs at 48 cents per coin. This is still up 5.5 percent on the day. On the chart below today’s surge is clearly visible. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRTxL4oi.png&t=662&c=Z_eC59UCctCLhw) Read More https://blog.fxopen.com/peercoin-rallies-namecoin-slightly-down/
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March 08, 2016, 05:35:49 PM |
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In the past week both bitcoin and litecoin have ended their uptrend. Bitcoin bears barreled past the important $410 swing low, pushing prices to a low of $393.99 before a rebound occured. Litecoin fell to a low of $3.125 before stabilizing somewhat. Bitcoin Breaks $410 Dollars Bitcoin broke below the important $410 swing low last Saturday. In the selling that followed, a low close to $394 dollars per coin was hit. We have since rebounded somewhat with prices trading around $410 dollars at the moment. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fjk7P9vp.png&t=662&c=VazKhQsC0tmDIQ) Read More https://blog.fxopen.com/bitcoin-litecoin-end-uptrends/
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March 10, 2016, 08:49:24 PM |
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While bitcoin prices stayed mostly unchanged during the past four days ($413 right now), both Peercoin and Namecoin are trading higher. Peercoin is up by 7 percent to $0.516. But the big mover this week was Namecoin, currently trading at $0.583 or 40 percent higher compared to its price last Thursday. The two altcoins have now switched places, with NMC climbing on top on a per coin basis. Peercoin Higher by 7 Percent Alternative cryptocurrency Peercoin is trading higher to 51.6 cents right now. This is a gain of over 7 percent compared to one week ago. On the chart below we can see that the current uptrend hasn’t been a smooth ride. Last Saturday we dropped to a low of $0.451, just above the 45 cents level noted in our previous article as a potential trend breaker. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fav8AE6d.png&t=662&c=hK2Pe1LANSi13Q) Read More https://blog.fxopen.com/peercoin-higher-namecoin-surges-40/
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March 15, 2016, 02:31:58 PM |
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Both bitcoin and litecoin have stayed ranged-bound since their uptrends ended last week. Bitcoin has been moving in a relatively tight range between $408 and $422 dollars. The crypto is currently quoted at $415 dollars per coin, only 1.2 percent higher since last Tuesday. Litecoin moved between $3.20 and $3.36 dollars and is quoted at $3.28 right now. Bitcoin Waits for Direction After the end of its rally last week, BTC/USD has traded undecided. Like we said above, since last Tuesday we traded between $408 and $422. But during the past four days we saw this range narrow further to only $10 dollars. With ranges you can never be sure when prices will break out, but it pays to be prepared so let’s take a look at some levels. Read More https://blog.fxopen.com/bitcoin-litecoin-wait-for-direction/
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March 17, 2016, 04:25:52 PM |
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Both Peercoin and Namecoin are slowly drifting lower. Peercoin is down by 4.9 percent compared to last Thursday. The losses were much larger for NMC however, this coin is trading lower by 17 percent. Bumpy Road for Peercoin The bumpy rally continues for Peercoin. In the past week prices topped out at the 57 cents level and have been under pressure since. We noted this figure as a potential strong resistance in our previous articles. Above here we find resistance at the $0.616 swing high, followed by $0.932 and the parity level at $1 dollar. Because we have a large gap from $0.616 to $0.932, resistance levels are likely to emerge in between, potential candidates are the round levels at $0.70, $0.80 and $0.90 dollars per coin. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F3jIXv9Q.png&t=662&c=qdIKfvyab465wA) Read More https://blog.fxopen.com/namecoin-peercoin-drift-lower/
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