Cryptocurrency analytics (Bitcoin, Litecoin, Ethereum, Dash)

[FXOpen]

EOS/USD AND LTC/USD – FURTHER DECLINE EXPECTED

EOS/USD

The price of EOS has decreased back to the levels of Monday’s low as it came down by 4.81% to $3.496 at it’s lowest point today. It is currently being traded slightly above $3.5 mark but is struggling to make any movements and is stuck in a tight range. This is indicated by the wicks on the hourly candles from both sides which you can see from the hourly chart below.



From the yearly high at $4.05 which was made on the 14th of January the first time and later retested on the 17th, we have seen a decrease of 15.7% measured to the Sunday’s low at $3.42. This amount of decrease in combination with the wave structure and the impulsiveness seen, especially on Sunday implies that the correction of a higher degree started with the mentioned decline of over 15% being its first wave.

Continue reading... https://www.fxopen.blog/eos-usd-and-ltc-usd-further-decline-expected/

[FXOpen]

BTC AND XRP – IS THE INCREASE CORRECTIVE?

BTC/USD

From last Friday when the price of Bitcoin was sitting at $8261 at its lowest point, we have seen an increase of over 10% as the price reached $9149 at its highest today. The price is currently being traded slightly lower but is still above $9000.



Looking at the hourly chart, you can see that it reached the 1 Fibonacci level at the vicinity of the prior high and was stopped out by the significant level, founding resistance there. The pattern from the 24th of January till today looks similar to the correction of a higher degree from June last year. This is why I would presume that the five-wave impulse has ended and that we are seeing the second corrective structure after it’s completion.

Continue reading  https://www.fxopen.blog/btc-and-xrp-is-the-increase-corrective/

[FXOpen]

LTC AND EOS – IS THE INCREASE ENDING?



LTC/USD

Since the start of the week, the price of Litecoin has been increasing and has come up from $55.84 at it’s lowest point to $62.86 at it’s highest which is an increase of 12.57%. The price is currently being traded around the levels of today’s high but is starting to show the signs of struggle to keep up the upward momentum.



On the hourly chart, you can see that the price today came up to the vicinity of the prior high and has tested the 0 Fibonacci level, finding resistance there on the quick spike to the upside. This indicates that the horizontal level serves as a strong resistance and is likely to continue doing so. After a decrease of 18.8% made last week, ending at the 0.786 Fib level, which is considered the 4th wave out of the five-wave impulse we have seen an increase of 23.13% which could be the 5th wave. As the price came up to the prior high this 5th wave could be completed or it could continue for another attempt and eventually wick above it, but is likely to end soon.

Continue reading... https://www.fxopen.blog/ltc-and-eos-is-the-increase-ending/

[FXOpen]

BTC AND XRP – RETRACEMENT SOON EXPECTED

BTC/USD

The price of Bitcoin has reached it’s highest point this year yesterday, coming to $10163 but since then made a minor retracement of around 4.3% as it fell to $9726 at it’s lowest point today. Currently, the price is being traded at around $9774 which is slightly higher then it’s lowest point today and is hovering around those levels most likely retesting it’s support.



On the hourly chart, you can see that the price reached the same levels as the impulsive spike to the upside made on the 26th of October last year which is at the 0.786 Fibonacci level which served as a strong resistance point. Now the level repelled the price again which is why we have seen a minor retracement but if this was the end of the increase that started from the begging of the year the price could be headed further to the downside.

Continue reading... https://www.fxopen.blog/btc-and-xrp-retracement-soon-expected/ 

[willmacmaster]

I don't know about you guys but it was so exciting to see bitcoin hit $1000 once again last weekend and it has given me a whole new belief in cryptocurrencies once again and I feel 2020 could easily surpass the highs of 2019. I foresee that by April we would easily have surpassed the $14,000 mark and that we could see new highs by the summertime, particularly owing to the upcoming halving that is happening very soon. However, I'm not sure that long-term that bitcoin is the future and there are plenty of other alt-coins that could easily surpass bitcoin due to their superior use-cases, you can find loads of places to get involved in them here https://www.cryptimi.com/exchanges/altcoins-exchanges.  Nonetheless, it is an exciting time to be involved in the industry and I am very excited about what this year will bring. I wish you all the luck with your trading!

[Delgboke]

I think this should be an old analysis about Bitcoin price because currently Bitcoin surges more than what is here now, the current price of Bitcoin is above $10000 dollars as of yesterday and we believe it will continue to increase.

[FXOpen]

LTC AND EOS – FURTHER ROOM FOR GROWTH?

LTC/USD

From yesterday’s open at $76.669 the price of Litecoin has increased by 9.63% measured to it’s highest point today which was at $84 but since then made a decline of 8.19% coming to $77.16 at it’s lowest point today. Currently, the price is being traded around $79 and is attempting to make up for the loss made inside the hourly trading session leaving wick on the current candle.



As you can see from the hourly chart, the price has managed to hold above the $78.442 horizontal level which serves as a support point. The horizontal level isn’t as significant as the next to the upside at $84.334 with whom the price made an interaction today and tested it for resistance. Strong resistance has been indicated at the mentioned level since the price made a steep downfall after the interaction which is why I don’t believe that the interaction with the next more significant one at $86.48 will be made before the downturn starts.

Continue reading... https://www.fxopen.blog/ltc-and-eos-further-room-for-growth/

[FXOpen]

BTC AND XRP – FURTHER DOWNSIDE EXPECTED



BTC/USD

The price of Bitcoin has been in a decline since last Thursday when it came up to $10466 at it’s highest point. From there we have seen a decrease of 8.8% as it came down to $9546 at it’s lowest point yesterday. Currently, the price is being traded slightly higher than yesterday and is sitting at $9705.



On the hourly chart, we can see that the price came down to retest the ascending trendline from the start of the increase last year in December and has found support there. As we have seen a bounce off of the trendline the currently seen move is most likely further retest of its support so further testing would be expected to occur.

Continue reading...  https://www.fxopen.blog/btc-and-xrp-further-downside-expected/

[FXOpen]

LTC AND EOS – CORRECTION DEVELOPING

LTC/USD

From yesterday’s high at $78 the price of Litecoin has decreased by 10.51% as it came down to $69.82 at it’s lowest point today. The price is currently being traded around those levels as it’s attempting to establish some support.



Looking at the hourly chart, we can see that the price came down to the ascending trendline and retested its intersection with the $69 horizontal level with a spike but the hourly candle closed above it leaving a large wick to the downside. This indicates that support is present at those levels but this might not be for much longer as we have seen strong bearish momentum since yesterday.

Continue reading... https://www.fxopen.blog/ltc-and-eos-correction-developing/

[FXOpen]

BTC AND XRP – DOWNSIDE EXPECTED AS SIGNIFICANT SUPPORT HAS BEEN BREACHED



BTC/USD
From yesterday’s open when the price of Bitcoin was sitting at $9988.8 which was it’s highest point, we have seen a decrease of 4.71% as the price came down to $9518 at it’s lowest point today. Currently, the price is hovering around those levels and is sitting slightly higher at around $9564.



Looking at the hourly chart, we can see that the price has broken out from the ascending support level, significant uptrend support from the ascending channel in which the price has been since December last year. On the 18th of December, the price has been sitting at $6544 and from there to its highest point this year at $10490 made on the 13th of February made an increase of 60%.

Continue reading... https://www.fxopen.blog/btc-and-xrp-downside-expected-as-significant-support-has-been-breached/

[FXOpen]

LTC AND EOS – LOWER LOW EXPECTED

LTC/USD

On Monday’s open the price of Litecoin was sitting at around $80 which was the exact ending point of the recovery to the upside as from there the price decreased in an impulsive manner to $57.58 at it’s lowest point today which is a 28.1% depreciation.



As you can see from looking at the hourly chart, Monday’s open was at the presumed B wave from the ABC correction that started after an interaction with the $84.2 horizontal level on the 13th of February. We have seen the completion of the five-wave impulse to the upside which is now we are seeing the three-wave correction to the downside.

Continue reading... https://www.fxopen.blog/ltc-and-eos-lower-low-expected/

[FXOpen]

BTC AND XRP – HAS THE CORRECTION ENDED?



BTC/USD

From Sunday when the price of Bitcoin retested the $8506 level and found support there we have seen an increase of 5.8% measured to its highest point yesterday at $8963. Currently, the price is being traded slightly lower after a minor retracement and is now in an upward trajectory, sitting at $8889.



On the hourly chart, you can see that the price increase was straight up and that this downside move made since yesterday’s high was its first corrective move. Thus, we might see a further decline before further uptrend continuation occurs. The descending move would serve to retest some of the prior resistance levels for support especially the horizontal one of a lower range at around $8682 where the previous higher low ended.

Continue reading...  https://www.fxopen.blog/btc-and-xrp-has-the-correction-ended-2/

[fxprodealers]

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[FXOpen]

LTC AND EOS – BULLISHNESS SEEN BUT FOR HOW LONG?



LTC/USD

From yesterday’s low at $59.3 the price of Litecoin has increased by 6.58% today measured to the daily high at $63.24 around which the price is currently being traded. Bullish momentum has been caught with the price being in an upward trajectory but is now retesting the current levels for resistance.



Looking at the hourly chart, you can see that yesterday’s low was an interaction with the 0.236 Fibonacci level on which the price found support and bounce off of it but has now come up to the starting Fib level where it is finding resistance. As you can see the price made it past the horizontal level but that doesn’t mean that we have seen a breakout to the upper range as the increase has been stopped out.

Continue reading... https://www.fxopen.blog/ltc-and-eos-bullishness-seen-but-for-how-long/

[FXOpen]

BTC AND XRP – CORRECTION LIKELY ENDED



BTC/USD

Yesterday the price of Bitcoin reached $7709 at it’s lowest point coming from $9166 high made on Saturday which is a decrease of 15.9% in only two days. Since yesterday’s low, we have seen a minor recovery with the price currently sitting at around $8100 level. This 5.3% increase from yesterday might continue as the price is in an upward trajectory and came above the significant horizontal zone.



Looking at the hourly chart, we can see that this descending move was caused by rejection at the 1 Fibonacci level of a higher degree count which was actually the ending point of the first corrective move made in June last year after the parabolic increase which developed throughout the first half of the year ended. Thus this was the 4th wave out of the lower degree five-wave impulse to the downside which is the C wave of a Minute count.

Continue reading... https://www.fxopen.blog/btc-and-xrp-correction-likely-ended/