Cryptocurrency Analytics from FXOpen

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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/

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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/

[andyste]

ussualy you trading altcoin in fxopen what you use indicator
in trading cyptocurency can use meta trader 4 or not

but i can see your post picture, your trading never use indicator

[anref]

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/

[anref]

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/

[epitome]

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

[anref]

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

[anref]

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.

Read More https://blog.fxopen.com/more-gains-for-bitcoin-as-rally-marches-on/

[anref]

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.

Read More https://blog.fxopen.com/ether-dash-down-over-20-percent/

[anref]

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.

Read More https://blog.fxopen.com/bitcoin-drops-on-china-rumors/

[anref]

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.

Read More https://blog.fxopen.com/more-losses-for-peercoin-and-namecoin/

[egghead123]

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

 

 

[memequiserle]

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

[anref]

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.

Read More https://blog.fxopen.com/bitcoin-prices-u-turns-on-trump-victory/

[Gahs]

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.

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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.

Read more https://blog.fxopen.com/ether-testing-lows-dash-stable/

[anref]

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.

Read More https://blog.fxopen.com/bitcoin-higher-litecoin-little-changed/

[anref]

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.

Read More https://blog.fxopen.com/peercoin-ends-downtrend-namecoin-still-weak/

[anref]

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.

Read More https://blog.fxopen.com/bitcoin-litecoin-wait-for-resolution/

[anref]

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.

Read More https://blog.fxopen.com/ether-bounces-off-support-dash-down-again/