FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Try Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Page 14 of 14 FirstFirst ... 41011121314
Results 196 to 206 of 206

Thread: Bitcoin Analysis

  1. #196
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin fell on Thursday below $10,000 to near a two-week trough, as investors assess South Korean finance minister's remarks on the truth of banning cryptocurrencies.

    At Bitstamp, bitcoin dipped to 3.5%, or $360 to $9,790 from the opening of $10,150, with an intraday high at $10,190, and a low at $9,705.



    Bitcoin rose 1.8% on Wednesday, the first profit in three days on short-covering operations away from a two-week trough at $9,519.

    Bitcoin lost 27% in January, the first monthly loss since September, and the largest since January 2015.

    Throughout 2017, bitcoin spiked 1400%, adding $200 billion to its market value, but as demand cooled down, the virtual currency lost $44 billion in January.

    South Korean finance minister warned ahead of the Parliament from widespread cryptocurrency trading in South Korea, the third largest market for them in the world, while asserting there are no current plans to ban their trading.

    Otherwise, social networking giant Facebook banned all ads pertaining to cryptocurrencies, considering them related to mostly fraudster advertising.

  2. #197
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price succeeded to achieve our waited target at 8643.35 after the strong decline that it witnessed yesterday, starting today with more decline to break the mentioned level and attempts to hold below it, which hints the price head to suffer more losses on the short term and medium term basis, paving the way to head towards 6039.30 as a next main station.

    Therefore, the bearish trend will be suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 9390.00 will release the price from the current negative pressure and push to start recovery attempts that target 10748.00 – 11160.00 areas initially.

    Expected trading range for today is between 7500.00 support and 9390.00 resistance

  3. #198
    Super Moderator
    Join Date
    Jun 2017
    Posts
    165
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    13
    Thanked 577 Times in 143 Posts

    Default

    Bitcoin Drops by 40 Percent in 6 Days



    Read about BTC/USD in our blog post for February 7, 2018.

    Trade bitcoin on MetaTrader 4 platform with FXOpen broker.

  4. #199
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price keeps its stability below 8643.35 level and below the bearish channel’s resistance line that appears on the chart, which keeps the bearish trend scenario valid until now, waiting to visit 6036.30 mainly, noting that stochastic current positivity might cause more sideways fluctuation.

    We should note that breaching 8643.35 will stop the expected decline and push the price to achieve gains that start at 10748.00 and might extend to 12852.65 on the short term basis.
    Expected trading range for today is between 6500.00 support and 9300.00 resistance

  5. #200
    Super Moderator Vera_K's Avatar
    Join Date
    Jul 2015
    Posts
    27
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 77 Times in 23 Posts

    Default

    According to the technical charts, Bitcoin bulls risk losing control unless prices see a convincing break above the $9,000 mark soon.
    The BTC cryptocurrency has failed twice to hold above $8,900. Further, bitcoin also clocked a six-day high of $9,070.64 on Feb. 10, but quickly fell back below the key psychological level of $9,000.
    Thus, the area around the $9,000 mark has been established as a point of stiff resistance.
    As of writing, bitcoin's global average price on the BPI is at $8,390. The cryptocurrency has appreciated by at least 40 percent from the recent lows below $6,000.
    However, the bulls are still not out of the woods and need to move prices quickly above $9,000 or the bears could once more exert their influence.


    That said, exhaustion around $9,000 has neutralized the immediate outlook and bearish revival is seen only below Feb. 2 low of $7,845.

    Daily chart: Stuck in a falling channel


    The above chart (prices as per Coinbase) shows:

    • BTC is trapped inside a falling channel marked by trendlines representing lower highs and lower lows.
    • Both the bullish 5-day moving average (MA) and 10-day MA crossover and an upside break of the descending trendline on the RSI favor the upside.
    • Still, the cryptocurrency faced rejection at the descending trendline/falling channel hurdle earlier today and is now changing hands below $8,500.


    Daily chart: Long-term momentum studies turn bearish




    • The longer-term 50-day MA and 100-day MA (momentum studies) will likely see bearish crossover (50-day MA cuts 100-day MA from above) in a day or two (marked by circle).
    • Further, the 200-day MA has shed bullish bias (is no longer sloping higher in favor of the bulls).


    The weekly chart is biased towards the bears. Thus, the bulls need progress soon,via a quick move above $9,000.


    View


    A close above $9,000 would confirm an upside break of the falling channel, meaning bearish-to-bullish trend change.
    It would also add credence to the bullish 5-day MA and 10-day MA crossover and open doors for a move higher to $11,500–$11,800.

    However, gains above $10,000 could be short-lived.
    On the other hand, a close below $7,851 (Nov. 2 low) would signal the corrective rally from Feb. 6 low has ended and would encourage stronger sell-off to $5,000.

    Source: coindesk.com
    Fresh analytics, news updates and fellow traders’ companionship on FXOpen Facebook page.
    Актуальная информация, свежая аналитика и общение с единомышленниками в официальной группе FXOpen в VK.


  6. The Following User Says Thank You to Vera_K For This Useful Post:

    hesham1046 (02-20-2018)

  7. #201
    Super Moderator
    Join Date
    Jun 2017
    Posts
    165
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    13
    Thanked 577 Times in 143 Posts

    Default

    Bitcoin Up by 13 Percent

    Bitcoin is currently quoted at $8,520 dollars per coin, up by $952 dollars since our last update. This is a gain of close to 13 percent, 12.82% to be exact.



    Read more in our blog post.

  8. #202
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price shows some slight bearish bias after approaching 10000$ barrier, while the positive effect of the inverted head and shoulders’ pattern still active, which keeps the bullish trend scenario valid for the upcoming period, reminding you that our main targets begin at 10748.00 and extend to 12852.65, while holding above 8643.35 represents key condition to continue the suggested rise.



    Expected trading range for today is between 8643.35 support and 10748.00 resistance

  9. #203
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price managed to achieve our first waited target at 10748.00 and settles around it, as it attempted to breach it but without managing to settle above it, noting that the positive effect of the inverted head and shoulders’ pattern still active, to support the continuation of the bullish trend that its next target located at 12852.65.



    Therefore, we will keep our positive overview in the upcoming sessions supported by the EMA50 and stochastic positivity, reminding you that holding above 8643.35 represents key condition to continue the expected rise.



    Expected trading range for today is between 9700.00 support and 12000.00 resistance

  10. #204
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price resumes its positive trading to breach 10748.00 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards 12852.65 that represents our next main target, supported by stochastic and the EMA50 positivity, noting that it is important to settle above 8643.35 to achieve the waited targets.



    Expected trading range for today is between 9700.00 support and 12000.00 resistance

  11. #205
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    9,914
    FXO Shares
    0
    FXO Bonus
    0.006
    Thanks
    1,700
    Thanked 310 Times in 189 Posts

    Default

    Bitcoin price managed to build good support base above 10748.00 level, to trade positively and move around 11500.00$ barrier now, which reinforces the expectations of continuing the bullish trend on the intraday and short term basis, which is affected by the previously completed inverted head and shoulders’ pattern.



    Therefore, we believe that the way is open to visit our next target at 12852.65, noting that holding above 10748.00 represents key condition to continue the suggested rise, as breaking it might push the price to visit 8643.35 areas again before any new attempt to rise.



    Expected trading range for today is between 10748.00 support and 12852.65 resistance

  12. #206
    Super Moderator
    Join Date
    Jun 2017
    Posts
    165
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    13
    Thanked 577 Times in 143 Posts

    Default

    Bitcoin Higher but Stops Short of New Rally

    Bitcoin prices traded even higher since our last update but they stopped short of triggering a new rally. We are currently quoted at $10,714 dollars, after topping out at $11,769 dollars yesterday.



    Read more here.

Page 14 of 14 FirstFirst ... 41011121314

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2017 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us