Cryptocurrency Analytics from FXOpen

[voskobojn]

The CME/fork inspired rally in bitcoin continues. It’s little brother litecoin is not participating this time around however.

Bitcoin Rally Continues

Bitcoin is currently quoted at $7,130 dollars per coin, up by close to 12 percent since last Tuesday. As reported back then, the Chicago Mercantile Exchange announced that they will offer BTC futures by the end of this year, pending regulatory approval. This, along with the coming bitcoin fork (Segwit2x) on November 16th are pushing prices higher.

Read more: https://blog.fxopen.com/bitcoin-rally-continues/

[voskobojn]

The planned bitcoin protocol upgrade Segwit2x got cancelled yesterday due to insufficient consensus. This led to an unwinding of the previous ‘free money’ trade. Both alts we follow on Thursdays have since rallied.
ETH Rallies on Segwit2x cancellation

The planned 2MB block increase got cancelled yesterday. The announcement on linuxfoundation.org says:

‘Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth’

The post is signed by the lead Segwit2x developer Jeff Garzik, Jihan Wu, a major Chinese miner and Mike Belshe, CEO of BitGo. Erik Voorhees confirmed the news on his twitter.

Read more: https://blog.fxopen.com/altcoins-rally-as-segwit2x-is-cancelled/

[voskobojn]

The 45-day rally in bitcoin is finally over. Prices hit a low of $5,426 three days ago. We have since bounced back but are still far away from the all-time high. Somewhat surprisingly Litecoin has gained ground during this turmoil.
Bitcoin Rally Ends

The long bitcoin rally is over, at least on the daily charts. Prices had a sharp correction of $2,361 dollars in the five days after segwit2x was cancelled. As explained previously, segwit2x was a plan to increase the maximum block size from the current 1mb to 2mb, thereby allowing more room for transactions and lower fees.

Read more: https://blog.fxopen.com/bitcoin-rally-ends-as-capital-flees/

[voskobojn]

Alternative crypto-currencies are back under pressure after a resurgence in bitcoin prices. Earlier today BTC/USD took out the all-time high again and peaked at $8,025 dollars per coin. This put alts back under pressure.
ETH/BTC Back in Range

Ether is back in a range versus bitcoin. This week’s push above 0.05 BTC ended the downtrend. But the gains stopped not far from here without breaking the important 0.05545 swing high. Thus no rally was triggered.

Read more: https://blog.fxopen.com/altcoins-back-under-pressure/

[voskobojn]

                                                                       New Highs for BTC, Litecoin Breaks Out

It’s been a good week for both bitcoin and litecoin with both cryptos making nice gains. Bitcoin hit new highs today and LTC/USD broke out to the upside.
Bitcoin Hits $8,347 Dollars

Bitcoin hit a new all-time high of $8,347 dollars today. We are currently trading a bit below the highs at $8,320 dollars per coin. Earlier in the day there was a large dip to $7,769 dollars on news about Tether being hacked. The company issued a post (later removed) in which they say that they will do a software update to prevent the stolen tethers from ‘entering the ecosystem’. This helped to calm market fears and prices were soon trading at all-time highs again.
Read more: https://blog.fxopen.com/new-highs-for-btc-litecoin-breaks-out/

[voskobojn]

BTC дocтигaeт нoвыx мaкcимyмoв, ycпeшный пpoбoй для Litecoin

Xopoшaя нeдeля выдaлacь кaк для биткoйнa, тaк и для лaйткoинa: oбe кpиптoвaлюты знaчитeльнo выpocли. Bчepa биткoйн дocтиг нoвыx мaкcимyмoв, a пpoбoй ввepx пapы LTC/USD нaкoнeц yдaлcя.
Биткoйн дocтигaeт ypoвня $8 347

Bчepa биткoйн дocтиг нoвoгo peкopднoгo ypoвня 8 347 дoллapoв. B нacтoящee цeнa нaxoдитcя чyть нижe мaкcимyмoв нa ypoвнe $8 250 зa мoнeтy. Чyть paнee вчepa пpoизoшлo знaчитeльнoe пaдeниe дo ypoвня 7 769 дoллapoв нa фoнe нoвocти o взлoмe ceти Tether. Кoмпaния в cвoeм cooбщeнии зaявилa (пoзжe cooбщeниe былo yдaлeнo), чтo выпycтит oбнoвлeниe пpoгpaммнoгo oбecпeчeния, кoтopoe бyдeт нaпpaвлeнo нa тo, чтoбы пoxищeнныe тoкeны нe “yплыли” в глoбaльнyю экocиcтeмy. Этo пoмoглo ycпoкoить pынoчныe cтpaxи, и вcкope цeны внoвь дocтигли peкopдныx мaкcимyмoв.

Читaть дaльшe:https://blog.fxopen.ru/btc-dostigaet-novyh-maksimumov-uspeshnyj-proboj-dlya-litecoin/

[voskobojn]

Altcoins are finally getting a break from the non-stop selling. Today 6 out of the top 10 alts are showing strong gains versus the US Dollar. The gains are bit higher versus bitcoin because BTC/USD is down around 2 percent today. Alternative crypto-currencies, ‘altcoins’ or ‘alts’ is the term used for all crypto-coins except bitcoin.
Ether Still in Range

Despite being up 5.25% today and 17 % since our last update, ether is still in a trading range (vs BTC) on the daily charts. Against the U.S. Dollar, ether peaked above the $400 round figure earlier today and is nearing its all-time high at $415 dollars.

As you can see on the chart below, ETH/BTC hasn’t broken the two important swing points at 0.03712 on the downside and 0.05545 BTC on the upside.

Read more: https://blog.fxopen.com/large-gains-in-altcoins/

[voskobojn]

Both bitcoin and litecoin continued their rallies this week. Bitcoin got close to hitting the psychological $10,000 mark today and LTC/USD broke to new all-time highs.
Bitcoin Nears $10,000 Mark

Bitcoin prices hit a high of $9,960 dollars today, narrowly missing the psychological $10,000 level. We are currently quoted just slightly off the highs at $9,921 dollars per coin.

Read more: https://blog.fxopen.com/bitcoin-nears-psychological-10000-mark/

[voskobojn]

Both of the cryptos we follow on Thursdays are up compared to seven days ago. But only Dash in still in rally mode.
Failed Breakout for ETH/BTC

Ether had a brief break above the upper end of the range at 0.05545 BTC. A high of 0.05906 BTC was seen on November 25th but prices topped out here. We are currently trading much lower at 0.0435 BTC per coin.

Read more: https://blog.fxopen.com/failed-breakout-for-eth-dash-up/

[voskobojn]

Both of the cryptos we follow on Tuesdays have hit new all-time highs. Bitcoin peaked at $11,950 dollars today while LTC/USD topped out at $105.30 two days ago.
Bitcoin Clears $10,000 Dollars

After fighting with the $10,000 level for a few days BTC finally managed to clear it and head higher. Today we hit a high of $11,950 before a daily retracement took us back down to $11,461 dollars per coin. We are currently quoted close to the daily highs at $11,712 dollars.

Read more: https://blog.fxopen.com/bitcoin-litecoin-at-new-all-time-highs-2/

[voskobojn]

The Great Britain Pound (GBP) inched lower against the US Dollar (USD) on Wednesday, decreasing the price of GBPUSD to less than 1.3450 following some key economic events. The technical bias remains bullish because of a higher low in the recent downside move.
GBP/USD Technical Analysis

As of this writing, the pair is being traded near 1.3422. A hurdle may be noted around 1.3655 (a major horizontal resistance zone) ahead of 1.3900(a psychological level) and then 1.3943 (another major resistance area).

Read more: https://blog.fxopen.com/gbpusd-falls-as-uk-economy-disappoints-expectations/

[voskobojn]

Altcoins are getting sold aggressively for BTC. Since last Thursday BTC/USD gained over 60 percent while ETH/BTC dropped by close to 45 percent. Now both ETH and Dash are in a bear market versus BTC.
ETH/BTC Drops by 45 Percent

Ether has lost almost 45 percent of its value versus bitcoin. There’s a speculative rush into BTC, likely preempting the launch of bitcoin futures. The CBOE announced that they will launch bitcoin futures this Sunday at 6 PM EST. Their competitor the CME will do so 8 days later.

Read more: https://blog.fxopen.com/altcoins-sold-for-btc/

[voskobojn]

Another good week for crypto-currencies. Bitcoin is continuing its climb higher, now in its fifth week with sizeable gains. Litecoin prices have gone parabolic, up from $99 last Tuesday to $301 dollars today.
Bitcoin Continues Bullish Trend

The bullish trend that started last month is still in play for bitcoin. Yesterday we hit a high of $17,547 dollars per coin, up from $11,712 last week. This is a gain of $5,835 dollars or just under 50 percent. We are currently quoted at $16,473 dollars. If prices close above $14,350 this Sunday, it would be the fifth green week in a row with large gains.

Read more: https://blog.fxopen.com/litecoin-prices-go-parabolic/

[voskobojn]

The Ether downtrend versus BTC ended yesterday as prices climbed back above the 0.037 level. Dash also clawed back a lot of the earlier losses but remains in a downtrend vs bitcoin.
Ether Downtrend Ends

The short-lived downtrend in ETH is over after prices decisively broke the previous support turned resistance at 0.03712 BTC. Yesterday we hit a high of 0.044 BTC before the pair retraced somewhat. We are currently trading at 0.03968 BTC.

Read more: https://blog.fxopen.com/ether-downtrend-ends/

[voskobojn]

Another week of gains for Bitcoin and Litecoin. Big brother almost hit the $20,000 mark last week while LTC topped out at $370 dollars per coin.
Bitcoin Nears $20,000 Dollars

Bitcoin prices almost hit the $20,000 figure in the speculative frenzy over the listing of CME futures. A high of $19,850 dollars was hit on Sunday shortly after the new futures launched. The CME futures for January delivery topped out at $20,650.

Read more: https://blog.fxopen.com/bitcoin-nears-20000-dollars/

[voskobojn]

                                           Ether, Dash Back in Rally Mode

Both Ether and Dash and now back in rally mode versus bitcoin. The two altcoins had nice gains since our last update.

Ether Back in Rally Mode

Ether prices are back in an uptrend vs bitcoin. Since last Thursday we’ve gone up from 0.03968 to 0.04702 BTC, a gain of 18 percent.

Read more: https://blog.fxopen.com/ether-dash-back-in-rally-mode/

[voskobojn]

Bitcoin had a substantial correction last week leading to the end of the latest month-long bull run. Litecoin followed big brother lower but has not ended the uptrend yet.
Bitcoin Rally Ends

The uptrend started in November is finally over for BTC after prices broke below the important $12,711 swing low last Friday. Subsequently we saw a low of $10,680 on FXOpen. From here we retraced most of the losses with prices topping out at $16,470 yesterday. We are currently quoted at $15,427 dollars per coin.

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

[voskobojn]

The range in BTC/USD continued during the past week. This wasn’t much of a surprise considering that the period included the Christmas and New Year Holidays. Litecoin is trading little changed, currently quoted at $257 from $263 dollars last week.

Bitcoin Range Continues

After ending the rally on December 22nd bitcoin remained in a range. The top of this range is at $19,850 all-time high while the low is at the latest major swing low of $10,680. A break beyond either of these price extremes could usher in the new trend. For now we remain in ‘wait and see’ mode.

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

[okan]

The range in BTC/USD continued during the past week. This wasn’t much of a surprise considering that the period included the Christmas and New Year Holidays. Litecoin is trading little changed, currently quoted at $257 from $263 dollars last week.

Bitcoin Range Continues

After ending the rally on December 22nd bitcoin remained in a range. The top of this range is at $19,850 all-time high while the low is at the latest major swing low of $10,680. A break beyond either of these price extremes could usher in the new trend. For now we remain in ‘wait and see’ mode.

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

btc will rise after january 15 i thin. it will run a bull week.
it can be 20000 dollar until february

[voskobojn]

Not much change for bitcoin and litecoin during the past week. Bitcoin is up by 2.6 percent since last Tuesday while LTC is down by 4.7 percent. Given previous crypto volatility, these are relatively small price movements.
Bitcoin Slightly Up

Bitcoin prices had a wild ride last week but ultimately ended up not far from where they started. Buying one BTC will cost you $14,287 dollars right now, compared to $13,929 last week.

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