Cryptocurrency Analytics from FXOpen

[voskobojn]

The range in the ETH/BTC pair continues for another week. On the other hand Dash continues to slowly gain ground on bitcoin.
Range in ETH/BTC Continues

The weeks-long trading range in ETH/BTC continues. We are currently quoted at 0.07304, up by few percentage points since last week. No important support/resistance points have been taken out yet.

As you can see on the chart below, the range is getting ever narrower, a good indicator that we will see a breakout soon. Will the catalyst be Metropolis, the expected protocol upgrade? If everything goes well on the testnet, Byzantium, the first part of the Metropolis upgrade, should launch around October 9th.

Read more: https://blog.fxopen.com/range-in-ethbtc-continues/

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[voskobojn]

Ha пpoтяжeнии oчepeднoй нeдeли пapa ETH/BTC ocтaeтcя в диaпaзoнe. C дpyгoй cтopoны, Dash пpoдoлжaeт мeдлeнный pocт к биткoйнy.
ETH/BTC ocтaeтcя в диaпaзoнe

Topгoвый диaпaзoн ETH/BTC длитcя yжe кoтopyю нeдeлю. Ha дaнный мoмeнт пapa кoтиpyeтcя пo цeнe в 0.07304, чтo нa нecкoлькo пpoцeнтoв вышe пo cpaвнeнию c пpoшлoй нeдeлeй. Hикaкиx вaжныx ypoвнeй пoддepжки и coпpoтивлeния пoкa нe нaблюдaeтcя.

Кaк виднo нa гpaфикe нижe, диaпaзoн cтaнoвитcя бoлee yзким – xopoший пoкaзaтeль тoгo, чтo cкopo мы cмoжeм нaблюдaть пpoбoй. Бyдeт ли кaтaлизaтopoм oжидaeмoe oбнoвлeниe пpoтoкoлa Metropolis? Ecли иcпытaния пpoйдyт ycпeшнo, Byzantium, пepвaя чacть oбнoвлeния Metropolis, дoлжнa быть зaпyщeнa 9 oктябpя.

Read more: https://blog.fxopen.ru/para-ethbtc-prodolzhaet-ostavatsya-v-diapazone/

[voskobojn]

Both Bitcoin and Litecoin traded mostly flat since our last update seven days ago. Bitcoin is quoted at $3,920 dollars per coin right now, down from $3,974 last Tuesday. Its little brother is trading at $52.71, down by 3.1 percent.

Bitcoin Mostly Flat

Bitcoin prices are down by $54 since our update last week. In percentage terms this is only 1.36%. This calming follows a period of high volatility during which prices fell over $1,200 in three days, only to recover most of the losses in the next four days. Since then we bounced back and forth between the $3,500 and $4,000 handles.

Read more: https://blog.fxopen.com/bitcoin-litecoin-mostly-flat/

[leea-1334]

Interesting thread! I have added it to my list of threads to follow. I am wondering though. Other than commentary, do you always post buy or sell entry points? I would have liked to know what to do this week in this flat market since it is only Wednesday. Should I just sit on my alts patiently? All out of Bitcoin to spend.

[voskobojn]

Кaк Биткoйн, тaк и Litecoin в ocнoвнoм нaxoдятcя вo флэтe c мoмeнтa нaшeгo пocлeднeгo oбзopa нeдeлю нaзaд. Биткoйн кoтиpyeтcя пo цeнe в $3 920 зa мoнeтy нa мoмeнт нaпиcaния дaннoгo oбзopa, чтo нижe пo cpaвнeнию цeнoй в $3 974 в пpoшлый втopник. Eгo млaдший бpaт кoтиpyeтcя пo цeнe в 52,71 дoллapa CШA, чтo нa 3,1 пpoцeнтa нижe.
Биткoйн в ocнoвнoм вo флэтe

Цeны нa биткoйн cнизилиcь нa 54 дoллapa c мoмeнтa нaшeгo oбзopa нa пpoшлoй нeдeлe. B пpoцeнтнoм cooтнoшeнии этo вceгo 1,36%. Этo зaтишьe cмeнилo пepиoд выcoкoй вoлaтильнocти, кoгдa цeны пaдaли бoлee чeм нa 1 200 дoллapoв зa тpи дня, a зaтeм вoccтaнaвливaлиcь в тeчeниe cлeдyющиx чeтыpex днeй. C тex пop цeнa кoлeбaлacь мeждy ypoвнями $3 500 и $4 000.

Read more: https://blog.fxopen.ru/bitcoin-i-litecoin-vo-flete/

[voskobojn]

Dash lost a lot of the recent gains and is now on the verge of ending the rally. Ether on the other hand is still stuck in that range with bitcoin.

Another Range-bound Week for ETH

Another range-bound week for ETH/BTC. We are trading at 0.07143 BTC right now, down from 0.07304 last week. This is a drop of only 2 percent, small amount for a crypto-currency pair.

Read more: https://blog.fxopen.com/dash-loses-gains-eth-still-in-range/

[voskobojn]

A mixed picture for the two cryptos we cover on Tuesdays. While bitcoin continued to make gains and ended its downtrend, LTC lost some ground this week.

Bitcoin Downtrend Over

The short-lived bitcoin downtrend is over. Prices broke above the important $4,103 swing high last Wednesday. It’s currently quoted at $4,257 dollars per coin, a gain of $327 dollars or just over 8 percent.

Read more: https://blog.fxopen.com/bitcoin-up-litecoin-down/

[voskobojn]

Ether prices are resting on a key support level, a break of which could lead to a new downtrend. Dash, on the other hand, is already in a downtrend after a string of nine bearish daily candles.
Ether Resting on Key Support

Ether is resting near key support around 0.06626 BTC. A few days ago we again tested this level with prices bottoming out at 0.06643 BTC before climbing higher. But the bounce was short-lived and we are currently quoted at 0.06763 BTC, very close to the lows.

Read more: https://blog.fxopen.com/ether-resting-on-key-support/

[voskobojn]

The Euro (EUR) inched lower against the US Dollar (USD) on Friday, decreasing the price of EURUSD to less than 1.1700 following some key economic events. The technical bias has however turned bullish because of a higher high in the recent upside rally.
EUR/USD Technical Analysis

As of this writing, the pair is being traded near 1.1698. On the downside, a support can be noted around 1.1652 (a key horizontal support) ahead of 1.1639 (the low of the last major downside move) and then 1.1600 (the confluence of horizontal support as well as psychological number) as demonstrated in the given below chart.

Read more: https://blog.fxopen.com/eurusd-poised-for-more-losses-as-sellers-remain-in-control/

[voskobojn]

Bitcoin prices continue to surge and are now within a couple percentage points off all-time highs. Litecoin, on the other hand, continues to lose ground to the big brother but is trading mostly flat versus the U.S. Dollar.
Bitcoin Nears All-Time Highs

The bitcoin surge continues. As you can see on the chart below, the crypto is slicing through resistance levels like a knife through butter.

Read more: https://blog.fxopen.com/bitcoin-nears-all-time-highs/

[jules-jules]

It's crazy by looking at these early charts how far the crypto-world has progressed already! Thanks for these analyses.

[voskobojn]

The panic flight to bitcoin continues and market players are dumping everything to buy up some coins. Dash continued the downtrend started last week and ETH/BTC crumbled after a key support level was broken.
ETH/BTC Crumbles as Support Breaks

The key support level at 0.06626 BTC fell on Monday and led to a quick drop to 0.05845. In percentage terms, this  was a loss of close to 12% in less than 20 hours. In the next few days prices recovered somewhat but today the decline resumed and we hit new lows at 0.05814 BTC. We are currently trading just slightly off the lows at 0.05834 per BTC.

Read more: https://blog.fxopen.com/ethbtc-crumbles-dash-continues-downtrend/

[voskobojn]

Bitcoin continues to make new highs. Last Thursday prices blasted through the key $5,000 level. Litecoin joined the party starting its own uptrend on the same day.
Bitcoin Breaks $5,000 Dollars

Bitcoin broke the key $5,000 round figure with easy on Thursday. During a large two-day short squeeze a new high of $5,870 dollars was hit. Since then we’ve been trading range-bound between the highs and the $5,500 level. We’re currently quoted at $5,572 dollars.

Read more: https://blog.fxopen.com/bitcoin-breaks-5000-litecoin-joins-the-party/

[ChiNgadOr]

Цeны нa биткoйн peзкo взлeтeли c минимyмa в $2 970 и нa дaнный мoмeнт кoтиpyютcя пo цeнe в 3 974 дoллapa CШA. Litecoin пocлeдoвaл aнaлoгичнoй cxeмe, дocтигнyв минимyмa в 32,35 дoллapa, и ceйчac нaxoдитcя y oтмeтки 54,48 дoллapa зa мoнeтy.

Биткoйн oтcкaкивaeт oт минимyмoв
Цeны нa биткoйн peзкo пoдcкoчили c минимyмa $ 2,970 дo мaкcимyмa в $4 103 чyть paнee ceгoдня. C тex пop цeнa нeмнoгo oткaтилacь пocлe внoвь oпyбликoвaнныx плoxиx нoвocтeй из Китaя.

Read more: https://blog.fxopen.ru/bitkojn-rezko-podskakivaet-no-vse-eshhe-v-nishodyashhem-trende/

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中共总书记习近平在中共十九大开幕时强调党的领导，也声言继续推进依法治国、经济改革等政策。
1小时前
谁会跻身政治局常委？
从窑洞到巅峰 习近平思想的发展历程

[voskobojn]

The Australian Dollar (AUD) inched lower against the US Dollar (USD) on Friday, decreasing the price of AUDUSD to less than 0.7900 following some key economic releases. The technical bias shall remain bullish because of a higher high in the ongoing upside move.
AUD/USD Technical Analysis

As of this writing, the pair is being traded around 0.7851. A support can be noted around 0.7700, an immediate horizontal support ahead of 0.7750 the psychological number and then 0.7667, another key horizontal support as demonstrated in the given below chart.

Read more: https://blog.fxopen.com/aussie-dollar-plunges-despite-below-average-us-job-data/

[voskobojn]

The long-awaited upgrade to the ETH network happened on Monday but it didn’t do much for the price. Dash continues to lose ground to bitcoin.
No Help from Byzantium

The Byzantium upgrade transpired this week. For more on what this upgrade entails, please take a look HERE. While technically there were no major problems, price-wise there was no boost for Ethereum. As you can see on the chart below, the short-lived bounce in ETH/BTC was sold into. We’re currently quoted at 0.05329, down by 8.6 percent since last Thursday.

Read more: https://blog.fxopen.com/eth-doesnt-get-help-from-byzantium/

[voskobojn]

Bitcoin prices rallied into another fork of the protocol and fell right after. Litecoin followed a similar pattern of first up, then down.

Bitcoin Rallies Into Another Fork

It’s a fork year for bitcoin! The door opened by bitcoin cash back in August is now in use again. The new (potential) fork is called bitcoin gold with the major change being a GPU-friendly mining algorithm. The supposed ‘snapshot’ happened early this morning on block 491,407. According to a help FAQ by Coinbase, the Bitcoin Gold team will pre-mine 100,000 Bitcoin Gold coins before releasing the software to the public. Unlike previous forks, the network will not be usable for several days until a working software is released.

Read more: https://blog.fxopen.com/bitcoin-rallies-on-another-fork/

[voskobojn]

The downtrends in both Ether and Dash are continuing. Both cryptos have made new lows since our update last Thursday.

Ether Downtrend Continues

Ether keeps making new lows versus BTC, trading at 0.05 BTC, down from 0.053 BTC last week. We traded as low as 0.04661 going into the bitcoin fork . People dumped everything to buy BTC in order to receive the ‘free dividend’. These money flows got sharly reversed post-fork on October 24th when prices spiked to a high of 0.05545 BTC. But these highs were quickly sold into and we are quoted near the 0.05 round figure again.

Read more: https://blog.fxopen.com/ether-dash-downtrends-continue/

[voskobojn]

Bitcoin surged to new all-time high today after an announcement from the CME about BTC futures coming this year. Earlier we hit $6,435 dollars per coin and we are currently quoted just slightly off the highs at $6,424.
Bitcoin Surges on CME Futures

Bitcoin surged to new highs today after the CME declared their intention to launch new BTC futures this year. The move comes just 2 months after their rival CBOE made a similar announcement. If approved by regulators, the futures will come in Q4 of 2017 for CME and probably early in 2018 for the CBOE.

Read more: https://blog.fxopen.com/cme-to-launch-bitcoin-futures/

[voskobojn]

Strong selling can be seen in altcoin markets during the past few weeks. People moved money to BTC to collect the ‘free fork money’. Large losses can be seen across the board versus bitcoin with both ETH and Dash making new lows.

New Lows for ETH/BTC

The ETH vs BTC ratio got even lower this week, falling to 0.03712 earlier today. We have since bounced back somewhat and the pair is quoted at 0.04047 BTC right now. This is a loss of close to 20 percent since our last update.

Read more: https://blog.fxopen.com/altcoin-sell-off-repeats/