Cryptocurrency analytics (Bitcoin, Litecoin, Ethereum, Dash)

[FXOpen]

BTC AND XRP – PRICES REACH SIGNIFICANT HIGHS BUT A DOWNTURN LIKELY SOON TO START



BTC/USD

The price of Bitcoin has been decreasing since yesterday when it came up to $19787 at its highest point. Another spike to that level was made today after some sideways movement followed by a shart decline to $18059 at its lowest point today which was a decrease of 9.35%. Since then recovery has been made with the price currently being traded at $19407.



On the hourly chart, we can see that the price made it past the upper horizontal level which labels the all-time high from December of 2017. A new all-time high was made effective as the price slightly exceeded its utmost upper level of 2017, but since it entered the seller’s territory we have seen strong pressure on the price, which was pushed it strongly to the downside.

Continue reading... https://www.fxopen.blog/btc-and-xrp-prices-reach-significant-highs-but-a-downturn-likely-soon-to-start/

[MrSpasybo]

I think the price of BTC will continue to rise during the gender time to test the ATH 2017-2018 more times before reaching the new ATH. The motivation that DeFi brings is still intact and the upward trend in price after the halving will help Bitcoin conquer $20k soon. I expect BTC to do this by Q1 2020.

[FXOpen]

LTC AND EOS – FINAL PUSH TO THE UPSIDE COMING?



LTC/USD

From last Thursday, November 26th when the price of Litecoin was sitting at the $65 level, we have seen an increase of 42.64% measured to its highest point at $92.664 made on Tuesday. Since then the price has been moving sideways, spiking to the downside at first but then making a series of lower highs. Currently, it is being traded $90 and is starting to move to the upside again.



On the hourly chart, you can see that the price formed a symmetrical triangle from Tuesday’s high around the significant horizontal level at $86.486. Now we are seeing an attempt for a breakout to the upside after the price reached its apex.

Continue reading... https://www.fxopen.blog/ltc-and-eos-final-push-to-the-upside-coming/

[hair]

I think the price of BTC will continue to rise during the gender time to test the ATH 2017-2018 more times before reaching the new ATH. The motivation that DeFi brings is still intact and the upward trend in price after the halving will help Bitcoin conquer $20k soon. I expect BTC to do this by Q1 2020.

That's right, next year is the one that's been waiting for, how will bitcoin surpass the ATH price.

[FXOpen]

BTC AND XRP – CONSOLIDATION SEEN BUT A BREAKOUT LIKELY STARTED



BTC/USD

The price of Bitcoin has been moving sideways since the 1st of December when it reached a new all-time high, spiking above the $19,677 level. Since then we have seen the formation of a descending triangle with the price now going back to its support level and has been testing it for support once again. Currently, it is being traded at around $18,819.



On the hourly chart, you can see that the price is finding support on the current interaction and has closed the hourly candle above it with now forming a green one. This could be an early indication that the price found support there and is now going to make a bounce. The triangle we have seen form could be the consolidative 4th wave out of the five-wave impulse to the upside that started on the 26th of November.

Continue reading...  https://www.fxopen.blog/btc-and-xrp-consolidation-seen-but-a-breakout-likely-started/

[FXOpen]

LTC AND EOS – DESCENDING CHANNEL ENDING SOON



LTC/USD

The price of Litecoin has been decreasing since the start of the month when it came up to $93. Measured to its lowest point of the month made yesterday at $74.45 we have seen a decrease of 20%. The price is currently being traded around the levels of yesterday’s low, but it appears that it found support there and is now looking to start increasing again.



On the hourly chart, you can see that the price of Litecoin formed a descending channel from the start of the month with yesterday’s low being a retest of its support level. Now as the price has managed to stay on the same levels as on its lowest yesterday and didn’t make a lower one, before finding some support we could be seeing the start of the upside move that is to propel the price at least to the channels resistance level.

Continue reading... https://www.fxopen.blog/ltc-and-eos-descending-channel-ending-soon/

[FXOpen]

BTC ENCOUNTERS RESISTANCE WHILE XRP FINDS SUPPORT

BTC/USD

The price of Bitcoin has been increasing from last Friday when it was sitting at $17,570 at its lowest point and came up by around 11.4% measured to its highest point today at $19,570. Now the price is being traded at $19,316 as it fell from today’s high and is now making a recovery.



On the hourly chart, you can see that this is a struggle for the price to keep up its bullish momentum above the lower horizontal level at $19,191 which represents the daily candle close from the 2017 all-time high.  Since the start of the month, we have seen the price in a decline, forming a descending channel from the 1st of December. Last Friday the price found support on the 0.618 Fib level and started increasing again, breaking out from this descending formation and coming above the significant lower horizontal level.

Continue reading... https://www.fxopen.blog/btc-encounters-resistance-while-xrp-finds-support/

[FXOpen]

BTC AND XRP – CORRECTION DEVELOPING BUT FOR HOW LONG?



BTC/USD

The price of Bitcoin has continued increasing from last week and came to $24,310 at its highest points yesterday from which it decreased by 10.11% at first, but is now making a recovery and is currently sitting at $23,478 level. This minor pullback we have seen yesterday could have been the beginning of the higher degree descending move as the prior impulse to the upside ended but since the price is starting to increase again we are yet to see.



On the hourly chart, you can see that it came up in a five-wave manner from the 11th of December when it was sitting at $17,500 at its lowest point which was a higher low compared to the one made on the 26th of November.

Continue reading... https://www.fxopen.blog/btc-and-xrp-correction-developing-but-for-how-long/

[[email protected]]

Do you think BTC will rally further then?

[FXOpen]

BTC AND XRP – CONSOLIDATION DEVELOPING BUT FOR HOW LONG?

BTC/USD

The price of Bitcoin has been in a decline since Sunday when it reached $34,716 at its highest point. We have seen a downfall to $30,367 but the price spiked further to $27,774 at its lowest wick before snapping back above the 0 Fib level. Currently, it is being consolidated above it and is moving sideways, sitting at $31,901 and is in an upward trajectory.



Looking at the hourly chart, we can see that the price completed another five-wave impulse to the upside that started on the 21st of December. This rise was most likely the ending wave of the higher degree count which is why now we are seeing some consolidation. The price action may continue to move sideways for some time now but if the 5th wave of a higher degree is in, then the price is now likely to decline further in a corrective manner.

Continue reading... https://www.fxopen.blog/btc-and-xrp-consolidation-developing-but-for-how-long/

[[email protected]]

Thank you for that analysis! I really hope BTC will continue rallying.

[John_Kammy]

Bitcoin price is forming a new All-time high every new day and hence the upper limit of the rally remains completely in speculation. Many analysts, however, predict the bull run to touch $50K in the near future surpassing $40K anytime from now. The retracement or correction phase cannot be overlooked as the price chart is on the verge of forming a head and shoulder pattern

[FXOpen]

LTC AND EOS – ESTABLISHING SUPPORT BEFORE NEW HIGHS



LTC/USD
The price of Litecoin has been increasing since last week and came up from $124.2 at its lowest point on Saturday to $170 at its highest on Monday. This week has started with a pullback to $147.2 but the price is back on the same levels as on Monday.



Looking at the hourly chart, you can see that the price made an interaction with the horizontal resistance found at the $170 level and fell back to its ascending trendline. As it found support there again it is currently making another breakout attempt.

Continue reading... https://www.fxopen.blog/ltc-and-eos-establishing-support-before-new-highs/

[Xrdlx]

I really hope BTC will continue rallying.

Bitcoin will continue to strengthen mate, because Bitcoin is the main coin in this Cryptocurrency.  Everyone believes Bitcoin is a good coin.

[FXOpen]

BTC AND XRP – HAS THE CORRECTION ENDED?



BTC/USD
From yesterday’s low at $30,340 the price of Bitcoin has increased by 20.71% as it came to $36,743 at its highest point today. Since then it has made a minor retracement and is currently sitting at around $35,340 and is in a downward trajectory.



Looking at the hourly chart, you can see that the price increase that ended on Friday was the ending wave from the higher degree count. This is why now we are seeing the development of the five-wave descending move. As it might have ended the price would now be expected to recover but as this is most likely the beginning of the descending move from the downside we are to see the downtrend continuation after the recovery has been made.

Continue reading... https://www.fxopen.blog/btc-and-xrp-has-the-correction-ended-3/