Cryptocurrency Analytics from FXOpen

[Nxtblg]

The bitcoin rally is in jeopardy. The bulls haven’t made any progress in six days now, since reaching a high of $256.75 last Wednesday. Peercoin is in a similar boat with prices stagnant since last Friday. But let’s start with big brother first.

Bitcoin Rally in Jeopardy

The bitcoin rally is dying a slow death. All momentum to the upside has now been lost. In today’s session, we opened at $248.54 and proceeded to fall by $5 dollars to a low of $243.12 before stabilizing somewhat. We are currently quoted at $244.57.

Jumped the gun in re Greece: that's my guess.

[anref]

Litecoin is trading lower compared to our last update. The altcoin lost about 22 cents or just over 7 percent since last Thursday. Namecoin on the other hand bounced at the $0.55 resistance and is currently trading at 47 cents per coin.

Litecoin Declines by 7 Percent

Litecoin declined by over 7 percent since last week. The cryptocurrency traded as low as $2.63, hitting the 23% Fibonacci retracement but missing the 38.2 percent by a good margin. Today we came close to testing the lows with prices trading to $2.6599 before rallying back higher. We are currently quoted at $2.8455.


Read More https://blog.fxopen.com/litecoin-down-7-namecoin-little-changed/

[anref]

It’s been a two great days for the cryptocurrency markets as all major coins set new multi-month highs. Bitcoin broke the June 17th high and rallied to $267.99, a more of more than 5 percent. Meanwhile Litecoin continues its unstoppable run with a gain of 47 percent in 22 hours. But let’s start with big brother first.

Bitcoin Gains 5 Percent

Bitcoin rallied from an open of $246 on Monday to a high of $267.99 today. The move came within striking distance of a previous important swing high at $269.70. We noted this level as a potential resistance figure in our previous BTC article. Bitcoin is currently quoted near the highs at $265.13.

Read More https://blog.fxopen.com/litecoin-surges-47-bitcoin-higher-by-5-percent/

[X68N]

Hello,

as a trader in FX and crypto i wonder whats the purpose of this thread and for which audience?

What style and strategy do you use?

greetings

[anref]

Cryptocurrencies are retracing across the board. After topping out near the $270 resistance on Tuesday, bitcoin has declined for two straight days. The total loss from the top currently stands at $14 dollars or 5.3 percent. Meanwhile the rest of the market is clocking much larger losses. Peercoin followed BTC lower by 14 percent and Namecoin has fallen by 13 percent cents since Tuesday.

Peercoin Falls by 14.6 Percent

Peercoin is currently down by 8.4 cents since reaching a high of $0.575 on Tuesday. In percentage terms this is 14.6%, the most among the top 4 cryptocurrencies.  We are currently quoted at 49.1 cents for one Peercoin. Note that the 14% fall is measured from the high to the current price. If we measure it to the lows hit yesterday, the losses were over 18 percent.



READ MORE https://blog.fxopen.com/cryptocurrencies-retrace-across-the-board/

[anref]

The cryptocurrencies rally continues for another week. Since our last update, bitcoin renewed the upward momentum but ultimately was unable to clear the $270 dollars level. Meanwhile Litecoin surged higher to $5.63 dollars per coin.

Bitcoin Rejected at $270 Dollars

In the past two days BTC/USD broke the previous high at $269.30 and set a new multi-week high at $272 dollars per coin. But the rally higher failed to clear this level for a second time. The correction seen today tested $260 dollars.




Read More https://blog.fxopen.com/bitcoin-rejected-at-270-litecoin-hits-5-63-dollars/

[anref]

The past 7 days saw a resumption of the upward trend. Bitcoin is pushing on the $270 dollars resistance, Litecoin is surging and Peercoin hit a new high for the year today. But Namecoin remains range-bound, stuck between 64 and 77 cents per coin.

Peercoin Hits New Yearly High

Peercoin hit $0.658 today, a new high for 2015. The move higher has no doubt been helped by the general rally across most cryptocurrencies. Peercoin is now getting close to an important resistance area comprised of two levels, $0.70 and $0.73.


Read More https://blog.fxopen.com/namecoin-range-bound-more-gains-for-peercoin/

[anref]

The crypto rally hit a major bump in the road since our last update. Litecoin had a blowout top on July 10th, first rallying to a high of $8.67 before falling 60 percent to a low of 3.61. Namecoin fell 56% from its high at $1.30 and Peercoin declined by 46 percent before recovering somewhat. But let’s start with big brother first.

Bitcoin Falls on Greek Deal

Unlike the rest of the crypto market, bitcoin hit its bump on the road two days alter, on July 13th. While the altcoin market was going belly up, BTC/USD broke the important resistance at $270 dollars and surged to a high of $310.22 on July 12th. This put everyone’s favorite cryptocurrency within $8 dollars of its 2015 high. But soon after the highs were reached news broke that Greece reached a deal with its creditors. This caused a major BTC correction of $40 dollars as prices traded back down to the $270 dollars mark.

Read More https://blog.fxopen.com/crypto-rally-hits-a-bump-in-the-road/

[anref]

Last week’s we had an explosive end in the Litecoin and Namecoin rallies. But the rest of the altcoin market help up reasonably well with PPC and BTC still in uptrend. That changed today when Peercoin ended its run as well and bitcoin got within $13 dollars of ending its rally.

Namecoin Falls Below 62 Cents

The Namecoin rally ended on a break below the support at 62 cents. By July 10th and July 11th, when the sharp correction transpired, prices have carved out a nice support near $0.618-$0.64.  The crash took out this level and closed out the uptrend. While NMC/USD did have a dead cat bounce in the following days, today we got more confirmation with prices taking another tumble below $0.60. We are currently quoted at 58 cents per coin.


Read More https://blog.fxopen.com/peercoin-namecoin-rallies-ends-as-well/

[anref]

Bitcoin flash-crashed 30 percent on a cleared orderbook. Meanwhile alternative cryptocurrency Litecoin stayed mostly flat since last Friday. But as usual let’s start with big brother first.

Bitcoin Flash-Crashes 30 Percent

Bitcoin flash-crashed close to 30 percent in 2 minutes. The crash happened due to a large sell order on the BTC-E orderbook. This market order cleared the entire buy side all the way down to $194 dollars per coin.It only took 2 minutes to go from $276 to $194 dollars, a fall of 30 percent. Then the arbitrage bots took advantage of the opportunity and bought up the cheap BTC-E coins. Because FxOpen sources its data from BTC-E, we saw identical decline on its platform as well.


Read More https://blog.fxopen.com/bitcoin-rally-hangs-by-a-thread-after-crash/

[anref]

Both Namecoin and Peercoin traded flat this week. After their respective rallies ended, volatility has plummeted, with the 7-day ATR dropping six-fold in PPC/USD and nine-fold in NMC/USD.

Peercoin Trades Flat After Rally Ends

Peercoin is trading flat after its rally ended. For the past seven days since our last PPC update, prices moved in a range between $0.48 and $0.556. While this congestion area is relatively large in percentage terms (12%), it’s much smaller compared to the daily ranges seen in early July. For example, the 14-day Average True Range, a common measure of volatility, has declined over 30 percent, from $0.133 to $0.099 today. A shorter ATR of 7-days shows a much sharper six-fold contraction from a high of 19 cents to only 2.9 cents today.


Read More  https://forum.forexcup.com/showthread.php/109357-Forex-Finals-Tour-V-Calls-for-Talented-PAMM-Manager?p=2160567#post2160567

[anref]

Bitcoin slowly gained more ground since our last update. This supported the rest of the altcoin market. Litecoin rallied over 31 percent, Peercoin gained 21% and NMC added 11 cents or exactly 20%. But let’s start with big brother first.

Bitcoin Rally Continues

After a near brush with death at the $270 dollars support last week, the bitcoin rally continues. About 10 days ago prices on FxOpen briefly flash-crashed below this level. But the lows lasted less then 2 minutes as the cheap coins got bought up. Because the crash didn’t replicate on other platforms we said that: ‘

‘Still, the crash hasn’t altered the current bitcoin uptrend because other major exchanges stayed flat during this event. To end the current rally, the bears will need to make a decisive push below the important support at $265/$270 dollars. Due to low liquidity during the summer months, it’s better if the move lower is confirmed with other exchanges”

Read More https://blog.fxopen.com/bitcoin-rally-continues-at-a-slower-pace/

[anref]

Peercoin Higher After Volatile Week

Alternative cryprocurrency Peercoin is trading somewhat higher this week. The altcoin has been buoyed by bitcoin’s rally but cracks are already starting to show. Since our last update on Thursday, PPC/USD gained 12.5 cents, or just over 25 percent and hit a high of $0.616 yesterday. But right as bitcoin’s move higher stalled, PPC rolled over, crashing by 10.3 cents to $0.513. We are currently quoted at $0.521, not far from the lows.




Read More https://blog.fxopen.com/peercoin-namecoin-higher-in-volatile-week/

[anref]

Both Bitcoin and Litecoin and trading slightly down since our last update. Bitcoin is down from $286 to 279.50, a fall of 2.7 percent. Meanwhile its little brother recorded a larger loss from $4.93 last Tuesday to $4.33 today, for a total of 12.2 percent.

Bitcoin Nears $270 Dollars

Bitcoin traded as low as $275 dollars in the past seven days. This comes after the week before the crypto hovered near this important mark for several days.

Read More https://blog.fxopen.com/bitcoin-down-2-litecoin-lower-by-12-percent/

[anref]

The decline for cryptocurrencies continues. In the last seven days, Peercoin bounced near the important $0.465 support while Namecoin fell about 8  percent. Big brother bitcoin also continues to drift lower, down close to $15 dollars since a high of $289.97 reached last week.

Peercoin Bounces at Important Support

Since our last update on Peercoin, the crypto bounced near the important $0.465 mark. A low of $0.474 was reached on Saturday, August 1st. The next day PPC/USD gave it another shot, this time trading to a low of $0.476. The subsequent rebound saw prices rally to $0.526 on Monday, only to give up most of the gains in today’s trading session. We are currently quoted at $0.492 dollars per coin.

The bounce adds more validity to this support level. A decisive break below $0.46 would start a new PPC downtrend. More support below this level can be found at $0.376, followed by the round $0.30 mark.

Read More https://blog.fxopen.com/peercoin-bounces-at-support-namecoin-down-8/

[anref]

The rally in bitcoin prices ended last Saturday after prices decisively broke below the important $270 support level. While the initial push took us to a low of $252 dollars per coin, we have since bounced back somewhat. Meanwhile the rest of the cryptomarket is more or else stable as well. For example Litecoin has been trading flat for the past six days hovering right below the $4 figure.

Bitcoin Rally Ends

The bitcoin rally ended on August 8th with a break of $270 that took out $265 one hour later. In the next 10 hours, BTC/USD was down by $13 dollars to $252 flat, a decline of 4.9 percent. Bitcoin has since rebounded and is currently quoted at $261.95, after trading as high as $269.26 this morning.

Read More https://blog.fxopen.com/bitcoin-rally-ends-litecoin-move-awaited/

[anref]

Both Peercoin and Namecoin entered into bearish territory last week. Soon after big brother bitcoin broke the important $270 handle, the altcoins followed suit, with Peercoin breaking $0.465 and Namecoin going below 55 cents per coin.

Peercoin Enters Downtrend

Alternative cryptocurrency Peercoin entered a new downtrend on August 9th, after a decisive break below the $0.465 figure. We had some follow-through soon after, with prices bottoming out at $0.431 on August 11th, a loss of 7.3 percent. But since then PPC/USD bounced back somewhat, hitting a high of $0.484 the next day, only to resume the decline today. One coin is currently selling for exactly 44 cents.

Read More https://blog.fxopen.com/peercoin-and-namecoin-enter-downtrends/

[anref]

Things are quickly turning south for the crypto-market as bitcoin continues to push on the support at $250 dollars. Both Peercoin and Namecoin have made new lows since our last update. As we wrote in our weekly update, both cryptos entered a downtrend last week. Peercoin is down by 2.5 cents or 5.6 percent while Namecoin is down by 1.4 cents or just below 3 percent. But let’s start with Litecoin which seems to be the most stable of the big four.

Litecoin Range-bound, Waiting for Next Move

Litecoin is still trading range-bound, waiting for the next move. We are currently quoted at $3.91 for one coin, only 1 cent lower compared to one week ago. In the past seven days, LTC/USD traded in a tight range between $3.77 and $4.18 dollars.

Read More  https://blog.fxopen.com/bitcoin-hovering-above-250-dollars/

[statdude]

What do you think LTC will do?

[anref]

The crash in bitcoin prices on Wednesday sent shockwaves across the cryptomarket. Bitcoin fell by close to $40 dollars or over 15 percent. Peercoin sold off by 25% while Namecoin hit a low of  – 30% at one point. What was the reason for the sell-off?

Bitcoin Crash Sinks All Ships

Two prominent bitcoin developers released a new version of the software during the weekend called Bitcoin XT. The main goal of the new software is to facilitate bigger blocks. A ”block” is the building material of the bitcoin ”blockchain”. It holds all relevant data for the most recent bitcoin transactions.

You can read about the other proposed changes HERE. Despite the good intentions, the new client triggered fears of a bitcoin split, meaning we would see two networks instead of the current unified bitcoin network. Several catchy headlines ”Bitcoin could split” by major media outlets didn’t help the matter.

After the break of $250, which we noted on Tuesday as an important support level, Bitcoin crashed close to $32 dollars , hitting a low of $218. Today the selling continued with prices hitting a new low at $211.05. This is very close to the double bottom at $210.84. This level was also noted in our article as important support for BTC/USD. After the bounce near $210 we rallied over $20 dollars and we are currently quoted at $233 dollars per coin.

Peercoin Falls by 25 Percent

Peercoin fell by 25 percent since our update last week. During the bitcoin turmoil a lot of $0.329 was reached in PPC prices. Same as with bitcoin, we later saw a strong reversal and Peercoin is currently quoted at $0.372. This is still 16 percent below the prices noted last Thursday.



Read More https://blog.fxopen.com/bitcoin-crash-reverberates-across-cryptomarket/