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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 23, 2019 5:48 pm

BTC/USD

From yesterday’s high at $10976.7 the price of Bitcoin has decreased by 9.62% as it came down to $9920.6 at its lowest point today around which the price is currently being traded.

Image

Looking at the hourly chart, you can see that the price came down to the 0 Fib level but there hasn’t been an interaction, as the price found support at the vicinity of the 1st wave’s ending point. As the WXY correction ended an upward five-wave move has been seen developing until yesterday’s high. There could still be a possibility that this wave hasn’t ended as we could be seeing the 4th wave developing.

[URL="https://blog.fxopen.com/btc-and-xrp-retracement-seen/"]Read more on FXOpen[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Jul 25, 2019 3:33 pm

LTC/USD

From last weeks high at $105.3 the price of Litecoin has decreased by 16.21% measured to the lowest point the price has yesterday which is at $87.994. Since yesterday’s low, we’ve seen an increase of 10.31% as the price came up to $97.127 at its highest point today around which it is currently being traded.

Image

On the hourly chart, you can see that the price came down to the significant horizontal support level yesterday but there hasn’t been an interaction even though the price quickly spiked to the downside around the open before another upturn occurred. This indicates buyers presence at those levels confirming that the area serves as a support.

Read more on FXOpen blog: https://blog.fxopen.com/ltc-and-eos-prices-start-increasing-again-as-the-recovery-continues/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 30, 2019 6:47 pm

BTC/USD

Last week the price of Bitcoin was $10641.1 at its highest point on Monday. From there we’ve seen the price decreasing until Wednesday when the price started recovering and came to $10168 which was again retested on Saturday but since the price failed to exceed the prior high another shart downfall has been seen to $9367 on the same day.

Image

Since then the price has been hovering in a horizontal range between the Saturday’s low and $9580 but the price spiked to the downside and retested the prior low on a quick spike after which a retest of the 0 Fib level has been made. This horizontal range could be interpreted as a consolidative range after the price fell below the 0 Fib level and is likely a sign of indecision.

Read more on FXOpen blog: https://blog.fxopen.com/btc-and-xrp-sideways-range-showing-indecision/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Jul 31, 2019 10:56 am

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Aug 01, 2019 1:43 pm

LTC/USD

From Monday’s low at $88.63, the price of Litecoin has increased by 12.64% measured to its highest point today at $99.837.On the hourly chart below, you can see that the price of Litecoin found resistance at the minor horizontal level and has got rejected which is why the price has started decreasing and is currently being traded at $96.6.

Image

The price of Litecoin has fallen to the significant horizontal support level at $86.48 where it found support after a 16.9% decline after the first interaction with the same horizontal resistance level with whom it has interacted today as well. This interaction was the first wave out of the expected recovery after a complex correction ended which is why the next one was a retest of the support level and now that the price has started moving to the upside again, we are likely seeing the development of the 3rd wave.

Read more on FXOpen blog: https://blog.fxopen.com/ltc-and-eos-further-recovery-expected-before-the-downtrend-continues/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Aug 04, 2019 12:55 pm

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Aug 06, 2019 2:05 pm

BTC/USD

From 30. of July the price of Bitcoin has increased by 30.92% as it came up to $12317.5 at its highest point coming from $9407. As it encountered resistance a steep downfall has been seen with the price currently being traded at $11875.

Image

Looking at the hourly chart, you can see that the price came up to the 0.618 Fibonacci level where it found resistance and got rejected. The price came down to retest the broken descending trendline which is the resistance level of the descending channel in which the price action has been bouncing since 26. of June.

[URL="https://blog.fxopen.com/btc-increasing-significantly-while-xrp-is-moving-sideways/"]Read more on FXOpen blog.[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Aug 06, 2019 6:27 pm

On the hourly chart, we can see that the price of Litecoin ended its five-wave to the upside. It formed a descending structure after. Today the price broke its resistance line but was stopped out at the minor horizontal resistance level with the price currently being in a downward trajectory.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Aug 07, 2019 12:41 pm

Useful graphs! Can you please advise worthy platform where I can trade all of these coins from the title of this thread? And omisego with monero

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Aug 07, 2019 12:43 pm

Useful graphs! Can you please advise worthy platform where I can trade all of these coins from the title of this thread? And omisego with monero
E.g. monfex, I use it

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Aug 07, 2019 12:45 pm

Useful graphs! Can you please advise worthy platform where I can trade all of these coins from the title of this thread? And omisego with monero
E.g. monfex, I use it
Got any link?

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Aug 07, 2019 12:47 pm

Useful graphs! Can you please advise worthy platform where I can trade all of these coins from the title of this thread? And omisego with monero
E.g. monfex, I use it
Got any link?
Sure https://www.monfex.com

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Aug 08, 2019 3:00 pm

LTC/USD

From last Monday when the price of Litecoin was sitting at $87.72 at its lowest point we have seen an increase of 16.79% as the price came up to $102.45 on this week’s Monday. The price spiked even further to the upside to 107.2 but since it attempted to exceed the prior high and entered the seller’s territory it started decreasing again. Currently, the price is being traded at $90.8 as a retracement occurred.

Image

Looking at the hourly chart, you can see that the price is stuck in horizontal range and has been moving sideways since the first attempt for recovery has been made. The price came down below the horizontal support zone at $86.4 but then spiked to $104 in one go. This increase has been made in a five-wave manner which is why it could have been the first wave out of the next impulse wave to the upside, but since the price started moving sideways after a minor retracement this isn’t much likely.

Read more on FXOpen blog...https://blog.fxopen.com/ltc-and-eos-stuck-in-a-horizontal-range/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Aug 13, 2019 4:45 pm

Bitcoin and Ripple Showing Signs Of Weakness

BTC/USD

The price of Bitcoin has been decreasing from last Tuesday when it spiked up t0 $12315 at its highest point and came down to $11297 today which is a decrease of slightly over 8%. Last Tuesday’s spike was an interaction with the 0.618 Fibonacci level which ended as rejection with the price currently testing the 0.382 Fib level for support.

Image

On the hourly chart, you can see that the price is still back inside the territory of the descending channel as the attempt for a breakout to the upside failed. The price came only up for a lower high before a cluster has been formed above the 0.5 Fib line but a straight downfall has been seen below the horizontal level. This could be an early indication that the price isn’t continuing its upward trajectory as most likely a retracement has started developing.

Read more on FXOpen blog...https://blog.fxopen.com/bitcoin-and-ripple-showing-signs-of-weakness/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Aug 15, 2019 1:25 pm

LTC/USD
On Monday, the price of Litecoin has been traded at $90.153 at its highest point but soon started decreasing to its significant horizontal support level at $84. As a breakout occurred from the horizontal support zone the price has fallen to $72.92 and spiked even further to $71.13 at its lowest point today which is a decrease of 21% since the start of the week.

Image

On the hourly chart, you can see that the price broke out from the horizontal range in which it was consolidating from 17th of July. As you can see the price is currently slightly lower than it was on after it fell below the horizontal zone previously which indicates further downside potential as a lower low has been made. This downtrend is likely a continuation of the higher degree downside move which started on 12 of June when the price of Litecoin reached $144 at its highest point.

[URL="https://blog.fxopen.com/ltc-and-eos-breakout-to-the-downside/"]Read more on FXOpen blog...[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Aug 20, 2019 2:47 pm

BTC/USD

From last Thursday the price of Bitcoin has recovered by 13.41% as it came up from $9655 to $10950 at its highest point today. The price is currently being traded slightly lower as it reached close to its significant horizontal resistance level at around 0.382 Fib level which is why a minor retracement occurred.

Image

On the hourly chart, you can see that the price has found support on the symmetrical triangle which could be interpreted as a bearish pennant which is why the recovery has been made but there isn’t much further room left before we see a breakout from the triangle. From the yearly high we’ve seen a three-wave move to the downside after which a three-wave recovery has developed. The uptrend continuation has been invalidated when the price of Bitcoin fell below the second W wave’s ending point which was presumed the be the territory of the 2nd wave in which the price cannot enter on the 4th if impulsive.

[URL="https://blog.fxopen.com/btc-and-xrp-downtrend-likely-to-continue/"]Read more on FXOpen blog...[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Aug 22, 2019 5:22 pm

LTC and EOS – Recovery soon expected but decline is yet to end

LTC/USD

Last Thursday the price of Litecoin was sitting at its lowest levels the price has been since 29th of April as it was $71.1 but from there started recovering until Monday when it came up to $78.87 at its highest. From Monday we’ve seen another decrease with the price making a slightly lower low compared to the last week’s one but is currently sitting at $73.867.

Image

Looking at the hourly chart, you can see that the price almost came down to $69 horizontal level which is the support level of the starting point on the previous increase.

EOS/USD

Last week on Thursday the price of EOS was sitting at $3.31 at its lowest spike from where we’ve seen a 14% recovery until Monday when the price reached $3.78 at its highest. But from Monday we have seen another downtrend developing with the price moving back to the last week’s low vicinity above which it is currently being traded at $3.588.

Image

On the hourly chart, you can see that after a breakout from the horizontal range above $4.16 a lower low has been made compared to the ending point of the corrective wave Y which could indicate that the correction got prolonged by two more waves similarly like in the case of Litecoin.

Read more on FXOpen blog [url]https://blog.fxopen.com/ltc-and-eos-recovery-soon-expected-but-decline-is-yet-to-end/[/url]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Aug 27, 2019 3:41 pm

Bitcoin and Ripple – a breakout to the downside looks close

BTC/USD

Last Tuesday the price of Bitcoin was sitting at $10948 which was the first lower high after an attempt for interaction with the 0.382 Fibonacci level. As the price was in a downward trajectory it fell by 10.18% moving slightly below the symmetrical triangle’s support level but the price found support there and started recovering. The recovery which followed has been stopped out at the 0.236 Fib level on two occasions which is why we are seeing the price being struck in this range and is forming a cluster.

Image

XRP/USD

The price of Ripple has been attempting to hold above its lower horizontal support level at $0.26617 which is below the significant one at $0.29450 and has formed a symmetrical triangle which could be interpreted as a bearish pennant. The pennant is known as a trend continuation pattern which is why we could see a breakout to the downside but the price of Ripple is at its lowest levels since September last year and has fallen by over 50% from its yearly high which is why we could see the level holding with the recovery to the upside starting soon.

Image

Read more: https://blog.fxopen.com/bitcoin-and-ripple-a-breakout-to-the-downside-looks-close
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Sep 03, 2019 3:06 pm

BTC/USD and XRP/USD recover, but for how long?

BTC/USD

Last Monday the price of Bitcoin was $10503 and spiked further to $10675 at its highest point. From there the price has decreased by 10.41% as it came down to its lowest point at $9417.9 on Thursday. As the price came down to its significant horizontal support level last Thursday and found support there a recovery has been seen of around 11% as it came up to the same levels as on last Monday.

Image

XRP/USD

The price of Ripple was $0.27788 at its highest point on Monday from where we’ve seen a decrease of 10.34% at its lowest point to $0.249 made on Thursday but as the price came down to its lower horizontal support level and found support there a minor recovery has been seen of around 6% as the price came up to $0.2645.

Image

Read more about BTC/USD and XRP/USD predictions here - https://blog.fxopen.com/btc-usd-and-xrp-usd-recover-but-for-how-long/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Sep 05, 2019 5:44 pm

LTC and EOS – Recovery seen but it could be still a corrective one

LTC/USD

From last Friday when the price of Litecoin has been sitting around $62.332 at its lowest point we have seen an increase of 13.61% until Tuesday when it came up to $70.8 at its highest point but is currently sitting at $67 as a minor retracement occurred.

Image

Looking at the hourly chart, you can see that the price attempted to make a recovery above the $69 horizontal level but the attempt ended as a fakeout with the price currently retesting its support point made by the intersection of multiple trendlines. After the price continued moving below the $69 level it hasn’t continued doing so for much longer before recovery started which could indicate that we’ve seen the ending wave from the five-wave move to the downside that started on the 22nd of June at the yearly high.

EOS/USD

From last Thursday when the price of EOS was sitting at around $3 at its lowest point we’ve seen a recovery of 12.3% until Tuesday this week when the price came up $3.45 at its highest. The price is currently being traded at around $3.27 as a minor retracement occurred to the horizontal support level which was broken on the way down.

Image

On the hourly chart, you can see that the price has managed to move back up above the significant horizontal level and is now retesting it for support which is why if the support is shown as present the recovery might continue.

Fore more information, [url=https://blog.fxopen.com/ltc-and-eos-recovery-seen-but-it-could-be-still-a-corrective-one/]read FXOpen Blog[/url]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Sep 10, 2019 2:09 pm

BTC/USD

Last week on Monday the price of Bitcoin was sitting at $9723.8 at the open from where we’ve seen an increase of 12.11% until Friday’s high when the price reached $10901 at its highest point. From Friday’s high the price has depreciated by 6.71% to Monday’s low at $10172 and but has recovered since and is currently sitting slightly above at around $10271.

Image

Looking at the hourly chart, you can see that the price is still above the upper descending trendline which serves as support but has fallen below the 0.236 Fibonacci level and is forming a cluster. As the interaction with the 0 Fib line ended as a retest of the support level with the price finding support an increase of over 15% occurred but this increase mighty still be corrective before we see a strong downward move, especially considering that the price came up above the symmetrical triangle’s resistance level and attempted to break out to the upside but found strong resistance there and pulled back inside the triangles territory.

[URL="https://blog.fxopen.com/wp-content/uploads/2019/09/btcusd-1h-1-768x359.png"]Read more on FXOpen blog...[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Sep 12, 2019 1:59 pm

LTC/USD

From Monday’s open at $70.7 the price of Litecoin has been moving sideways and retesting the horizontal support level at $69 along the way around which the price is currently being traded again. Last week the price has been trading below the horizontal level until Saturday when a breakout above it has been seen. As the price managed to stay above the level and made a higher high it looks like the support has been established but another confirmation will soon be seen.

Image

On the hourly chart, you can see that from the start of September the price has been rising after a significant downfall which pushed the price below the significant horizontal level. Price action has made a rising wedge pattern which could be interpreted as another corrective pattern before further downtrend continuation especially considering that the price hasn’t entered the territory above the upper support level at $72.4 from which the impulsive downfall was made on the 28th of August.

Read more on FXOpen blog... https://blog.fxopen.com/ltc-and-eos-further-increase-expected/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Sep 17, 2019 3:01 pm

BTC/USD

Last Monday the price of Bitcoin was sitting at around $10446 level which was an interaction with the 0.236 Fibonacci level after an attempt for a breakout from the descending triangle. As the price failed to breakout out from the triangle and instead got rejected by its horizontal resistance found slightly below the 0.382 Fibonacci level we have seen a decrease to $9985 at its lowest point last Wednesday.

Image

From there another attempt is being made for a breakout to the upside but the price is currently stuck in a cluster between the 0.236 Fibonacci level and the triangle’s resistance which has been broken and serves as support. Currently the price is being traded at $10231 which is only 1.53% lower from yesterday’s open and with the price managing to hold above the triangle’s resistance we might see another attempt for a breakout to the upside.

Read more on FXOpen blog...https://blog.fxopen.com/btc-still-indecisive-while-xrp-is-looking-bullish/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Sep 19, 2019 2:40 pm

LTC/USD

On Monday’s open, the price of Litecoin has been trading at $70.278 and from there increased by 14.2% measured to the weekly high made yesterday at $80.26 at its highest point. Since yesterday’s high, we’ve seen a decrease of around 9% as the price fell to $72.96 at its lowest point today but is currently being traded at $74.5.

Image

Looking at the hourly chart, we can see that the price of Litecoin broke out to the upside from the horizontal resistance level at $72.4 which is why today we’ve likely seen a retest of the level for support. Prior to the breakout, the price of has been ranging in a horizontal manner but is overall on the rise since the start of September.

Read more on FXOpen blog...https://blog.fxopen.com/ltc-and-eos-first-signs-of-a-recovery/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Sep 24, 2019 3:38 pm

BTC/USD

The price of Bitcoin has been decreasing from yesterday’s open at $10088 and has come down by 4.46% measured to its lowest point today which was at $9638. This decrease is a continuation of the downtrend which started on the 6th of September when the price was sitting at $10920 which is a decrease of 11.94% measured to its lowest point today. Currently, the price is being traded at $9716 as a minor recovery is being made.

Image

On the hourly chart, you can see that the price has almost come down to the descending triangle’s support at $9386 but there wasn’t any interaction. As the price is in a downward trajectory we could expect to see an interaction with the support level after which we are to see if a bounce occurs of would we see a breakout to the downside.

Read more on FXOpen blog...https://blog.fxopen.com/btc-and-xrp-significant-support-reached/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Sep 26, 2019 4:01 pm

EOS/USD

The price of EOS has been sitting around $3.86 at its highest point on Monday from where we have seen a decrease of 37.84% measured to the lowest spike yesterday which was at $2.4. Now the price is being traded at $2.85 as we have seen a price recovery but like in the case of Litecoin the price is currently retesting its broken horizontal level from the downside, meaning the level is now serving as a resistance point.

Image

Looking at the hourly chart, we can see that prior to the downfall the price made a five-wave increase to the $4.16 horizontal level where it got rejected. The increase seen was most likely the Y wave from the WXY correction to the upside dating from the 16th of July. If this is true, then now we have seen the downtrend continuation as the correctional stage completed with the price now moving impulsively to the downside.

More... https://blog.fxopen.com/ltc-and-eos-retesting-the-broken-levels-for-resistance
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Oct 01, 2019 1:39 pm

BTC/USD

From yesterday’s low at $7775.2 the price of Bitcoin has increased to a significant horizontal level at $8500 today which is an increase of 9.38%. I was expecting that the level would serve as support on the way down, but the price continued moving below it which is why today we are seeing a retest of level for resistance. Currently, the price is being traded slightly lower at around $8357 as the price got rejected.

Image

Looking at the hourly chart, you can see that after a breakout from the descending triangle the price continued moving to the downside and fell below the support level with strong momentum. As we are likely seeing the development of the Y wave from the 3rd WXY correction to the downside we are soon to see the completion of the downfall, and if the price is moving in a five-wave manner the recovery we’ve seen from yesterday could be the 4th wave, especially considering that it has developed in a three-wave manner which indicates corrective structure.

[URL="https://blog.fxopen.com/btc-and-xrp-recovery-seen-but-it-could-still-be-corrective/"]Read more on FXOpen blog...[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Oct 03, 2019 2:34 pm

LTC/USD

From Monday’s open at $54.64 the price of Litecoin has increased by 5.34% at its highest point of the week made on Tuesday when the price retested the $57.558 level which was broken on the way down. Currently, the price is being traded slightly lower at around $55.72 as it was mostly been moving sideways since the start of the week.

Image

Looking at the hourly chart, you can see that the price of Litecoin most likely ended its five-wave move to the downside on the $52.427 horizontal level which is a major pivot level and was considered as the median line of the support zone with the $57.558 being its upper level. As the price came down inside this support range we are seeing the price retesting the levels before the next decisive move.

[url=https://blog.fxopen.com/ltc-and-eos-moving-sideways-but-for-how-long/]More...[/url]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Wed Oct 09, 2019 7:16 pm

BTC/USD

The price of Bitcoin has been stuck in a horizontal range since last Monday when it fell to $7758 with strong bearish momentum which is the support level of the mentioned range and retested the $8500 level which is its resistance. This horizontal range could be interpreted as a consolidative range after a breakout has been seen from the descending triangle but it is still unclear whether or no the price headed further to the downside from here or are we going to see the recovery starting soon.

Image

On the hourly chart, you can see that the price of Bitcoin made a three-wave move from the presumed X wave of the 3rd WXY correction. The downfall might have ended on the 3rd wave but considering the impulsiveness seen it more likely that we are in for another low as the price action could develop in a five-wave manner. If this is true then the currently seen range would be its 4th wave which is corrective in nature and will end as a retest of the broken $8500 support level.

Read more - https://blog.fxopen.com/btc-and-xrp-lower-lows-expected-but-a-recovery-is-soon-to-start/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Oct 10, 2019 4:38 pm

LTC/USD

From Monday’s low at $53.83 the price of Litecoin has increased by 11.3% measured to the highest point the price has been yesterday which is at $59.939. Currently the price is being traded slightly lower at $57.9 as the price reached started decreasing from yesterday’s high.

Image

On the hourly chart, you can see that the price has decreased as a result of the resistance rejection which was made yesterday with the ascending channel’s upper level in which the price has been consolidating since the 27th of September. Looking at the wave structure from the 27th’s low we have seen 3 three-wave corrections playing out which could be a WXY correction of a higher degree in which case yesterday’s interaction would be its ending wave.

Read more on [url=https://blog.fxopen.com/ltc-and-eos-ascending-channels-could-mean-further-downside/]FXOpen blog[/url].
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