Cryptocurrency Analytics from FXOpen

[voskobojn]

The downtrends in ETH/BTC and DSH/BTC continue for another week. Ether is down over 16 percent versus BTC since last Thursday while Dash is down by a smaller 6 percent.
Ether Drops 16 Percent

Ether has dropped over 16 percent in the past seven days and is currently quoted just below the 0.06 round figure. The altcoin has been in a persistent downtrend versus bitcoin since the middle of February, losing over a third of its value during this time. Support below can be found at the latest swing lows around 0.059 and the 0.06 round figure. This is followed by the 0.05405 swing low and the 0.05 BTC round figure.
Read more: https://blog.fxopen.com/downtrends-in-ether-dash-persist/

[voskobojn]

Litecoin Falls After Litepay Fiasco

Litecoin prices were the big mover during the past week as the crypto got aggressively sold. To be fair part of this was caused by bitcoin losses, big brother lost 10 percent of its value since last Tuesday. Altcoins tend to follow bitcoin prices.
Bitcoin Down 10 Percent

Bitcoin is down by close to 10 percent since our last update, from $8,839 to $7,948 dollars right now. The downtrend noted in last week’s article remains in place for BTC/USD.
Read more: https://blog.fxopen.com/litecoin-falls-after-litepay-fiasco/

[voskobojn]

Bitcoin fell to new lows last week as the downtrend continues. Prices dropped to $6,420 dollars per coin before a temporary bottom was found. On LTC/USD a low of $108.44 was hit before prices recovered somewhat.
Bitcoin Bounces From Lows

Bitcoin is quoted at $7,378 dollars right now, a gain of 15 percent from the lows. However, this bounce is still very much in the realm of ‘dead cat’, as counting from the start of March bitcoin is down by 29 percent.

Read more: https://blog.fxopen.com/bitcoin-bounces-from-lows/

[voskobojn]

Both Ether and Dash saw new lows this week, with prices bottoming out at 0.05240 BTC and 0.04077 BTC respectively. Since these lows we’re seeing somewhat of a bounce for both altcoins but more on that later.
Ether Downtrend Still in Force

The downtrend for ETH/BTC continues for another week. Right now the crypto is trading at 0.05430 per BTC, around 4 percent off the lows.
Read more: https://blog.fxopen.com/more-losses-for-ether-dash-2/

[voskobojn]

It’s been a good day for almost all crypto-currencies today, especially vs the U.S. Dollar. The gains were driven higher by a surge in the value of bitcoin. As usual, litecoin followed BTC higher and closed the day up by 13 percent.
Bitcoin Back in Range After Spike

Bitcoin prices surged from $6,859 to $8,069 dollars today, a gain of 17.64 percent. We are currently quoted a bit below the highs at $7,897 dollars per coin. But what’s even more astounding is that the spike happened during the span of forty minutes. No major news can be pinned to the sudden buying as of yet.
Read more: https://blog.fxopen.com/bitcoin-altcoins-surge-higher/

[voskobojn]

After the massive $1,200 candle five days ago, bitcoin is struggling to continue the gains. Litecoin is trading mostly range-bound as well.
No Follow-through for Bitcoin

Bitcoin prices are having a hard time making headway during the past five days. We saw a new high of $8,425 on Sunday but this was quickly sold into by the bears. We are currently quoted at $8,097 dollars, only $10 above the highs made during the huge 40 minute candle, read more HERE.
Read more: https://blog.fxopen.com/bitcoin-struggles-to-continue-gains/

[voskobojn]

Both Ether and Dash surged higher as a bullish sentiment from bitcoin spread all over the crypto market. The two altcoins are trading substantially higher compared to one week ago, with ETH up by 15% vs BTC while Dash is up by 18 percent.

Ether Ends Downtrend, Surges Higher

The downtrend for ETH/BTC on the daily charts is finally over as prices bust through the 0.06030 BTC swing high. Earlier today a high of 0.07080 was hit, over 35% recovery from the 0.05240 BTC lows.
Read more: https://blog.fxopen.com/ether-dash-surge-higher/

[voskobojn]

Both bitcoin and litecoin are back in a bull market. Bitcoin is quoted at $9,354 dollars right now, a gain of almost 6 percent since our last update. Litecoin is trading higher as well, quoted at $161 dollars at the moment.
Bitcoin Rally Continues

The rally in BTC/USD continues with more gains during the past few days. As noted previously, with the break above the $8,425 dollars swing high we’re back in a bull market on the daily charts.
Read more: https://blog.fxopen.com/bitcoin-litecoin-back-in-bull-market/

[voskobojn]

During the past week both bitcoin and litecoin saw extended gains as the daily trend continues to go higher. Bitcoin is currently quoted at $9,764 dollars compared to $9,325 during our last update. Litecoin saw much smaller gains, trading at $162 versus $161 dollars last week.
More Gains for Bitcoin

Since last Tuesday bitcoin prices advanced by $439 dollars or almost 5 percent. Naturally the uptrend on the daily charts is still in place. To end it the bears will have to push us below the $8,650 swing low. A new downtrend requires a breakdown below the next swing low at $7,821 dollars per coin.
Read more: https://blog.fxopen.com/more-gains-for-btcusd-and-ltcusd/

[voskobojn]

The crypto-market took a turn for the worse during the past 24 hours with heavy losses in USD for most coins. Some like Dash even entered a bear market in BTC terms.

Ether Flat Ahead of Consensus

Ether prices are staying mostly flat vs bitcoin. The crypto is quoted at 0.8047 BTC right now, not far from where it was trading last week.
Read more: https://blog.fxopen.com/dash-in-a-downtrend-ether-flat/

[voskobojn]

Both bitcoin and litecoin are back in a bear market on the daily charts. One bitcoin is selling for $8,683 dollars right now while LTC is quoted at $147 dollars per coin.
Bitcoin Back in a Downtrend

As noted in our previous article, BTC/USD is now back in a bear market. Last week we saw a drop of over $1,000 dollars during which a low of $8,202 was hit. From here we got somewhat of a dead-cat bounce, helped by the Consensus conference.
Read more: https://blog.fxopen.com/bitcoin-litecoin-back-in-a-bear-market/

[voskobojn]

Ether has lost the upward momentum versus BTC. While a new swing high was made today, the coin has made meager gains in the past two weeks.
Ether Loses Momentum

Ether prices have lost the positive momentum vs bitcoin. We are currently quoted at 0.08414 BTC, below the highs hit back on May 6th.
Read more: https://blog.fxopen.com/ether-loses-momentum-dash-up/

[voskobojn]

Both bitcoin and litecoin are continuing their downtrends. Bitcoin is quoted at $8,290 right now, lower by 4.5 percent since last Tuesday. Litecoin is trading at $133 dollars, down by 9.5 percent.
Bitcoin Still Bearish

Bitcoin is still looking bearish on the daily charts. On Friday we hit a new interim low of $7,921 but from here we got a bounce to $8,590 dollars. Right now we’re somewhat in between these two figures at $8,290 dollars.
Read more: https://blog.fxopen.com/bitcoin-litecoin-continue-downtrends-2/

[voskobojn]

In the world of Cryptocurrencies, there are “fundamental technologies”. Some digital currencies can give rise to new Cryptocurrencies through their technology. The most important project in developing this idea is Ethereum, a decentralized revolutionary concept of reasonable contracts. The innumerable applications for this technology make Ethereum the second Cryptocurrency by market capitalization.
Read more: https://blog.fxopen.com/everything-you-need-to-know-about-ethereum/

[voskobojn]

Both bitcoin and litecoin are trading slightly higher since our last update. Bitcoin is quoted at $7,617 dollars compared to $7,482 back then, a gain of just under 2 percent. Litecoin is trading at $120 dollars right now, up by $3 dollars.
Bitcoin Slightly Higher

Bitcoin has advanced higher by almost 2 percent in a low volatility environment. The high during the past seven days was at $7,775 and the low at $7,270 dollars, a range of $505 dollars or close to 7 percent. This is very low compared to recent price movements. For example the 14 week ATR (Average True Range) is around $1,500 while the 5 week ATR is at almost $1,000 dollars.
Read more: https://blog.fxopen.com/bitcoin-litecoin-slightly-higher/

[voskobojn]

Dash continues to be in downtrend on the daily charts. Ether almost joined in last week after the 0.074 BTC swing low was taken out but prices quickly reversed higher.
Ether Back in Range

After a strong V-shaped reversal ETH/BTC is back in a range on the daily charts. This range is marked with a yellow rectangle on the chart below. We are currently quoted at 0.07824 BTC.
Read more: https://blog.fxopen.com/dash-stays-in-a-downtrend/

[voskobojn]

Ether prices jumped after a SEC official made a statement that the crypto is not a security. Dash is trading barely changed compared to one week ago.
Ether Jumps on SEC Statement

At the Yahoo Finance’s All Market Summit: Crypto in San Francisco, the U.S. SEC Director of Corporate Finance William Hinman said that the commission would not be classifying ether or bitcoin as securities. Tokens that ‘run’ on the ether blockchain may be classified as securities. Over the past few months there were worries that regulation could spill over from the token market to ETH itself. More of this clarified SEC position here.
Read more: https://blog.fxopen.com/ether-jumps-on-sec-statement/

[voskobojn]

The 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 Remains

Bitcoin 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.
Read more: https://blog.fxopen.com/some-gains-across-crypto-market/

[voskobojn]

Dash is down by 3 percent since last Thursday. Ether on the other hand is up but by only 1%, from 0.07772 to 0.07854 BTC.
Ether Still in Range

The low volatility across the crypto markets continues. Ether is up by only 1 percent compared to one week ago. Consequently no trends have been established on the daily chart. For that to happen price has to breakout outside of the rectangle on the chart below.
Read more: https://blog.fxopen.com/dash-down-3-ether-still-in-range/

[mybtcasset]

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