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voskobojn
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May 05, 2017, 06:12:37 AM |
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Ether managed to enter another rally last week. Today prices hit an all-time high, surging over 0.062 BTC per coin. Dash on the other hand failed its breakout last week and has been trading flat ever since. Ether Hits All-Time High Ether prices broke above the 0.05 resistance last week. The breakout initially was a bit weak, with prices retesting the previous resistance two times (see chart below). But after this ETH/BTC decidedly broke higher and just hit an all-time high of 0.06247 during the past few hours.  Read more:https://blog.fxopen.com/ether-hits-all-time-high/ |
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voskobojn
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May 09, 2017, 06:46:34 PM |
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The crypto bubble continues for another week. Yesterday bitcoin hit a high of $1,705 dollars on Fxopen. It’s little brother Litecoin narrowly missed hitting the $30 dollars level. Bitcoin Rallies Above $1,700 Dollars The bitcoin rally goes on. Prices hit a high of $1,705.80 dollars yesterday. We are currently quoted only slightly below this high water mark at $1,691 dollars.  Read more:https://blog.fxopen.com/bitcoin-rallies-above-1700-litecoin-hits-29-75/ |
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voskobojn
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May 11, 2017, 06:29:14 AM |
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Both Peercoin and Namecoin have roughly doubled in value since our last update two weeks. One PPC is now selling for $2.21 dollars while buying one NMC will cost you $2.25 dollars. Peercoin Up by 97 Percent Peercoin prices are up by 97 percent since our last PPC article. Back then we said this: ”It’s hard to say when the current bubble will end but for now, it pays to be long.” This remains our current sentiment. There is no doubt that all crypto-currencies are in a major bubble at the moment. Still these bubbles can last a long time and if you’re already long it pays to follow along. The longer-term charts (weekly and monthly) are bullish too. The new watermark that might end the bull trend is the $1.17 swing low. A breakdown below here would end the rally but not start a bear trend. For that to happen prices need to dip below the 75 cents level.  Read more: https://blog.fxopen.com/peercoin-namecoin-double-in-value/ |
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voskobojn
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May 16, 2017, 09:11:35 PM |
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Bitcoin is down by 1.5 percent compared to one week ago. It’s little brother Litecoin is down by a much larger 14.9 percent and has finally ended the rally. Bitcoin Down $27 Dollars Bitcoin is trading lower by $27 dollars compared to last Tuesday. One coin is selling for $1,664 dollars on Fxopen right now.  Read more: https://blog.fxopen.com/bitcoin-down-1-5-litecoin-rally-ends/ |
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voskobojn
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May 18, 2017, 03:02:49 PM |
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It’s been a volatile two weeks since our last update. Ether first swung to a new high only to crash close to 30 percent just days later. Dash didn’t do so well either and is now back in a downtrend. Ether Falls From Highs Ether prices hit an all-time high of 0.06274 on May 5th. Just four days later a low of 0.04415 was hit on Fxopen, a drop of almost 30 percent from the highs. We’re currently quoted near the 0.05 round figure.  Read more: https://blog.fxopen.com/dash-enters-downtrend-ether-in-neutral-mode/ |
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voskobojn
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May 24, 2017, 05:56:56 AM |
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Bitcoin prices broke past the $2,000 mark for the first time last week. Due to the important developments in this space during the past few days in this article we will only cover BTC (sorry litecoiners). Bitcoin Breaks $2,000 on Scaling Agreement Bitcoin prices broke above the important $2,000 handle last week. After some consolidation around the area prices surged higher to top out at $2,226 on Fxopen. The primary driver behind this surge was speculation about a scaling agreement at the Consensus 2017 conference. The rumored deal was set to be published on Monday morning US time. When this didn’t transpire, prices crashed, testing $2,000 on most exchanges (see chart below). On FxOpen we traded as low as $2020 before a recovery rally began. The reversal was helped by the official agreement announcement on Tuesday that sent prices back near all-time highs.  Read more:https://blog.fxopen.com/bitcoin-breaks-2000-on-scaling-agreement/ |
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voskobojn
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May 27, 2017, 03:35:11 AM |
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Both Peercoin and Namecoin are back in ranges after their rallies cooled off. We are now in ‘wait and see’ mode for these crypto-currencies. Peercoin Rally Ends The PPC rally ended on May 16th when prices fell through the $1.60 support line. This ‘event is marked with a yellow rectangle on the chart below. We are currently still near the same price, almost 10 days later. Prices swung higher and lower but ultimately came back around the average.  Read more: https://blog.fxopen.com/peercoin-namecoin-back-in-ranges/ |
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voskobojn
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May 30, 2017, 11:58:42 AM |
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Bitcoin fell a large $1,026 dollars from the highs reached last Thursday. Litecoin also dropped by a massive 56 percent during the three days of bitcoin decline last week. Both coins have now recovered about 40-50% of the losses. Bitcoin Falls $1,026 Dollars From Highs Bitcoin prices fell by a whooping $1,026 dollars from the highs to the lows reached on May 27th. Prices got very close to the potentially trend-ending level of $1,700 on Fxopen but narrowly missed it by bottoming out at $1,710 dollars. We are currently quoted around the 50 percent retracement mark at $2,230 dollars per coin.  Read more: https://blog.fxopen.com/bitcoin-falls-1026-dollars-from-highs/ |
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voskobojn
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June 06, 2017, 01:43:06 PM |
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Another green week for bitcoin. The leading crypto-currency managed to break the previous all-time high today to hit $2791 on FXOpen. Litecoin managed to get out of its downtrend after being helped by the BTC recovery. New Highs for Bitcoin New highs were reached today at $2791 dollars per coin. This is a gain of $571 or over 25 percent since our last update. It seems that BTC gains are getting close parabolic again, which means either even bigger gains or another sharp correction. As a reminder, the last one took down BTC/USD by $1,026 from the highs.  Read more: https://blog.fxopen.com/new-highs-for-bitcoin/ |
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voskobojn
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June 08, 2017, 06:56:44 PM |
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Namecoin and Peercoin continue to be dragged down/up along with BTC prices. The two cryptos crashed during the May 26th/27th bitcoin dumping but has since recovered nicely as the big brother made new highs. Namecoin Prices Remain Range-bound Namecoin prices remain range-bound after a failed breakout to the downside. The correlation between BTC/USD and NMC/USD is still high. We can expect Namecoin to continue being the ‘victim’ of bitcoin’s fortunes. If you already have a bitcoin position keep in mind that you may be doubling your exposure with a NMC trade in the same direction.  Read more: https://blog.fxopen.com/failed-breakdown-for-namecoin-peercoin/ |
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voskobojn
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June 13, 2017, 07:21:45 PM |
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Another volatile week for crypto-currencies. Bitcoin briefly broke above the previous all-time high only to sell-off hard on flippening fears. Litecoin followed BTC both up and down but remains tucked in a range. Bitcoin Falls on Flippening Fears Bitcoin briefly broke the previous all-time high of $2,848 on FXOpen to hit a new high of $2,889 yesterday. On some other BTC/USD exchanges like Coinbase we touched the $3,000 mark only to sell-off strongly shortly after. The reason behind the heavy selling was flippening fears.  Read more: https://blog.fxopen.com/bitcoin-falls-from-highs-on-flippening-fears/ |
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voskobojn
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June 15, 2017, 07:18:26 PM |
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Bitcoin fears about a contentious fork are slipping over to the altcoin market. While the losses here are not large in BTC terms, there are in USD. Both Ether and Dash fell significantly from the highs made earlier this week. Ether Tumbles From Highs In US Dollars, Ether prices tumbled from the $415 high to a low of $288 today. This is a drop of $127 dollars or just above 30 percent. In BTC terms however, which is the pair we cover in our articles, the drop was much lower at only 14.6%. Here prices fell from 0.1510 to a low of 0.129 BTC before rebounding somewhat. We are currently quoted at 0.1359 BTC, about 10 percent off the all-time highs. Technically this pair is still in an uptrend and will remain so until the bears take out the 0.0865 BTC swing low.  Read more: https://blog.fxopen.com/bitcoin-fork-fears-hit-altcoins/ |
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voskobojn
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June 22, 2017, 01:20:23 PM |
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Both Peercoin and Namecoin broke out during this week. The two crypto-currencies tested their multi-year highs yesterday but have since fallen back a bit. Peercoin Starts New Rally With the break above $2.30 PPC/USD is now back in a new uptrend. Yesterday a high of $2.621 was hit on Fxopen, almost matching this year’s high at $2.62 dollars per coin.  Read more: https://blog.fxopen.com/new-uptrend-for-peercoin-and-namecoin/ |
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voskobojn
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June 27, 2017, 03:44:30 PM |
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The combined crypto-currencies market cap fell below $100 billion yesterday as we saw large losses across the board. Bitcoin fell against the US Dollar and almost all altcoins fell versus bitcoin, leading to the market cap declining from a high of over $115 billion last week to ‘only’ $92 billion at the moment. Bitcoin Remains in Range Bitcoin is currently quoted at $2,397 on FXOpen, down $280 dollars from last Tuesday. In percentage terms, this is just over 10%. On the chart below we can see that the majority of the losses transpired during the past three days. We had no major news releases during this time so we can chalk up the latest down move to technical reasons.  Read more: https://blog.fxopen.com/crypto-market-falls-below-100-billion/ |
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voskobojn
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June 29, 2017, 07:31:11 PM |
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Everything is back in a range this week, as both Ether and Dash are waiting for the next move. We also provide a short BTC update at the end of this article. Ether Ends Rally Ether prices continued the slow downtrend versus bitcoin. This has led to ETH/BTC finally ending the rally that started last month. We are currently quoted at 0.11927 BTC per 1 Ether, down from 0.1359 BTC two weeks ago. This is a decline of just above 13 percent.  Read more: https://blog.fxopen.com/ether-ends-rally-dash-back-in-range/ |
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voskobojn
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July 05, 2017, 06:40:11 AM |
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Time for another crypto update. Unlike most weeks, this time we have Litecoin outperforming Bitcoin. While BTC prices remain mired in a trading range, the LTC pump continues. We’re now quoted at $49 dollars per coin after previously trading above the $50 mark. But let’s cover big brother first and we’ll come back to litecoin later in this article. Bitcoin Still in Range Bitcoin prices are still in range on the daily charts. During the past seven days, we bottomed at a low of $2,326, just above the important $2,250 level. A break below here would’ve triggered a new BTC downtrend.  Read more: /https://blog.fxopen.com/litecoin-breaks-50-dollars/ |
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voskobojn
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July 06, 2017, 02:43:24 PM |
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Both Peercoin and Namecoin are continuing their upward trends. Compared to two weeks ago we’re seeing continued gains for both of these crypto-currencies. Peercoin Up 7 Percent Peercoin prices are up 17 cents or just above 7 percent since our last PPC update. We are currently quoted at $2.47 dollars per coin.  Read more: https://blog.fxopen.com/peercoin-and-namecoin-continue-move-higher/ |
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voskobojn
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July 11, 2017, 05:42:12 PM |
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The meltdown in crypto prices continues, with many of the top 20 altcoins hitting drawdowns of over 50 percent from the highs. Luckily the two coins we follow on Tuesdays have so far avoided this fate. Bitcoin is down by ‘only’ 21 percent from the highs while LTC/USD is down by just over 17 percent. Bitcoin Bounces at Important Support Bitcoin tested the important support at $2,250 today. By the looks of things, the first try was unsuccessful for the bears. Prices dipped to a low of $2,245 on FXOpen today and stayed there for a grand total of 1 minute before bouncing back above the $2,250 mark. Soon after we had a major rally of $139 dollars to hit a high of $2,384. We have since fallen back a bit to $2,331 dollars per coin.  Read more: https://blog.fxopen.com/bitcoin-tests-important-support/ |
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voskobojn
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July 13, 2017, 06:38:22 PM |
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It’s been tough two weeks for Ether. Since our last update, the fledgling crypto-currency lost over 26 percent versus bitcoin and even more versus the US Dollar. Ether in Downtrend After Losses After the recent large losses, ETH/BTC is now in a downtrend. The altcoin lost close to 30 percent versus the US Dollar and 26 percent versus bitcoin.  Read more: https://blog.fxopen.com/ether-in-downtrend-after-major-losses/ |
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voskobojn
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July 18, 2017, 08:53:31 PM |
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We’ve had an interesting week for bitcoin as prices first crashed below the $2,000 handle only to rally strongly from the lows on renewed hope for scaling. Litecoin followed a similar pattern with a fall to $35.30 followed by a 21% rally to $42.89 dollars per coin. Bitcoin Bounces on BIP91 Signalling Bitcoin prices bounced from the $1,812 lows to a hit a high of $2,232 today, a move of over 23 percent. The sharp reversal during the past three days can be attributed to bitcoin miners signalling for BIP91 ahead of schedule. The initial plan called for the Segwit2x software to be deployed and for signalling to begin on July 21st. More on this HERE.  Read more: https://blog.fxopen.com/bitcoin-bounces-on-signalling-for-scaling/ |
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