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voskobojn
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September 21, 2018, 04:15:21 PM |
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Both Ether and Dash are trading little changed compared to last week. Back then ETH/BTC was quoted at 0.03138 BTC and now it’s trading at 0.03172 BTC, a change of only 1 percent. Dash is quoted at 0.02853 BTC, up from 0.02822 BTC last week, or a gain of only 1 percent again. Ether Little Changed As noted above, ETH/BTC hasn’t moved much this week. The trend on the daily chart is still down but caution should be exercised. We’re already over two months into this downtrend and in the last 36 days the pair dropped by close to 50 percent before stabilizing somewhat. This makes the risk/reward ratio unattractive for shorts at these levels. Read more: https://blog.fxopen.com/ether-dash-up-1-percent/ |
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voskobojn
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October 03, 2018, 01:31:41 PM |
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The price of bitcoin is still stuck in a range. We are quoted at $6,557 dollars at the moment. Bitcoin Still Stuck in Range As noted above bitcoin is still stuck in a range for 23 days now. The top of this range is at $6,825 dollars while the bottom is at $6,116 dollars. Read more: https://blog.fxopen.com/bitcoin-stuck-in-range/ |
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voskobojn
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October 10, 2018, 08:13:11 AM |
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Most major crypto-currencies are stuck in a tight range. This is true for the two coins we follow on Tuesday as well. Both Bitcoin and Litecoin haven’t made a breakout since our last update seven days ago. Bitcoin Continues Range Bitcoin prices continue to trade inside a relatively tight range. During the past week prices hit a high of $6,693 and a low of $6,419 dollars. This is a price difference of only $274 dollars or 4.2 percent. This is on the low side for the usually wild crypto market and especially compared to the volatility we had earlier in the year and during the entire last year. Read more: https://blog.fxopen.com/major-cryptos-still-in-range/ |
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voskobojn
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October 18, 2018, 03:21:11 PM |
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LTC/USD From Monday’s spike at $62 the price of Litecoin has retraced by 11.8% as its currently trading at $54.73. Looking at the hourly chart we can see that the price action is now back on the descending channels resistance line, which now serves as a support. As you can see, the price action formed an ascending channel that breaks out from the descending one. But it results in a painful and slow upward move followed by a massive red candle bringing the price back inside the territory of the descending channel. It happened on Monday and happened two more times previously. I believe that this will happen this time as well and the price is heading down to the lower support zone line at $49.2 or even lower to the support zone lower line 2 at $44.62. Zooming out on to the 4-hour chart you can clearly see where these significant horizontal levels originate from, and that zone was the main plateau from which the all-time high was made. It would be very significant to break it as it serves as a strong support and was well respected in the past. The price hasn’t gone below it since August last year. Read more: https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-bearish-pennant/ |
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voskobojn
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October 19, 2018, 08:30:01 AM |
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Despite some drama during the week, bitcoin is still stuck in a range. We are quoted at $6,545 right now, only marginally lower compared to last week’s price of $6,633 dollars. Bitcoin Still in Range The price of bitcoin is still in a range on the daily chart. Compared to last week we’re down by only $88 dollars or 1.3 percent. Naturally this wasn’t enough to trigger a change in trend. Read more: https://blog.fxopen.com/bitcoin-in-range-after-tether-panic/ |
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voskobojn
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October 24, 2018, 10:06:47 AM |
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The already tight range in BTC/USD narrowed further in the last seven days. We are quoted at $6,518 dollars right now, only down $26 dollars since our last update. Bitcoin Trading Range Narrows Further As noted above, the trading range has narrowed even further. The high during the past seven days stands at $6,731 while the low is at $6,479 dollars. Prices have been aimlessly bouncing around in this tight area. Read more: https://blog.fxopen.com/bitcoin-trading-range-narrows-further/ |
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voskobojn
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October 31, 2018, 02:04:52 PM |
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Both bitcoin and litecoin lost ground since our last update. The percentage of the drop differed greatly however. While BTC/USD fell by $192 dollars or close to 3 percent, LTC/USD declined by a much larger 6.8 percent. This put LTC back in a downtrend. Bitcoin Still in Larger Range With the sizeable drop on October 29th Bitcoin broke out of the smaller trading range, marked with a yellow rectangle on the chart below. We are currently quoted at $6,326 dollars, close to the most recent low at $6,295 dollars. Read more: https://blog.fxopen.com/bitcoin-drops-litecoin-back-in-downtrend/ |
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voskobojn
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October 31, 2018, 02:09:57 PM |
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For a long time, leading digital currencies, such as Bitcoin and Ether, continue to soar around average price points, which remain relatively stable. Of course, significant news of the cryptocurrency market can send shock waves throughout the market, quickly causing a surge or a fall in prices. However, as the events of the past week have shown, digital tokens seem to be prone to returning to familiar price ranges. Almost all the top 10 digital currencies by market capitalization are being traded horizontally throughout the week. Although some coins fell at the end of the week, Bitcoin remains relatively close to the $6,500 threshold, while Ether is pegged to the price of $200. Read more: https://blog.fxopen.com/stability-of-cryptocurrency-what-does-it-mean/ |
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tadpole_bitfrog
Member
 Offline
Activity: 464
Merit: 10
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November 07, 2018, 12:15:53 PM |
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Do not worry too much about these signs, our market is showing signs of growth and you can see the altcoins are green and Bitcoin has recovered to near $ 6600. That is good news and look forward to a beautiful future.
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voskobojn
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November 08, 2018, 06:08:02 PM |
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Bitcoin has managed to successfully conquer the $6,500 handle yesterday. We hit a high of $6,592 during the small pump but a lot of those gains were quickly surrendered. We are currently quoted at $6,564 dollars per coin. Bitcoin Up but Momentum is Weak The short-term momentum in BTC/USD is up but weak. The percentage gain yesterday was only 1.4%, far from convincing. To get a stronger rally we may need a breakout above the $6,850 figure. A move above here would take us into bull territory on the daily charts. Read more: https://blog.fxopen.com/bitcoin-up-but-momentum-is-weak/ |
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voskobojn
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November 14, 2018, 11:59:48 AM |
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BTC/USD Last Tuesday, November 6th, the price of Bitcoin was at the opening around $6470, and measuring to its current levels of $6438 the price has fallen by only 0.49%. The price hit its recent high the next day on November 7th reaching $6609 and spiking up to $6615 from where the price has been in a downtrend correcting, reaching the recent low at $6380, and spiking down to $6358.7 at its low. Measured from the recent high to the recent low, the price has pulled back by 3,44% but has recovered since its making up for the downfall and is now at 2,61%. Read more: https://blog.fxopen.com/btc-usd-in-a-correction-xrp-usd-lagging-behind/ |
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voskobojn
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November 14, 2018, 12:01:38 PM |
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Compared to last week, Bitcoin is down $130 on FXOpen or close to 2 percent. We are quoted at $6,433 dollars right now. Bitcoin Down as Tether Drops Again As we can see on the chart below, the zig-zag movement in BTC/USD continues. After last week’s small rally this week we’re witnessing a selloff. Read more: https://blog.fxopen.com/bitcoin-down-as-tether-drops-again/ |
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