FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Page 26 of 26 FirstFirst ... 162223242526
Results 376 to 390 of 390

Thread: Bitcoin Analysis

  1. #376
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    From Monday’s high at $11843 the price of Bitcoin has decreased by 2.64% measured to today’s low at $11530. This is still a higher low compared to the low point made last Saturday, August 22nd from where we have seen the start of recovery which lead to the higher high made on Monday and is currently again in an upward trajectory sitting at $11653.



    Looking at the hourly chart, we can see that the price is again back above the pivot point that was the ending point of the first sub-wave of the previous upward move, now validated as the wave A from the ABC correction count to the upside. As you can see the price hasn’t made the 5th wave out of the lower degree count before starting to move to my projected level in the bearish scenario I pointed out last week which is the ascending support from the range in which the price has been correcting since the 2nd of August.

    Read more on FXOpen blog...

  2. #377
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    From last Thursday when the price of Bitcoin fell down to around $11200 level which was the lowest price has been since the 12th of August, we have seen an increase of 6.83% as the price came up to $11967 at its highest point today at which its currently being traded. The price is in an upward trajectory and is showing strong bullish momentum.



    On the hourly chart, you can see that the price broke out from the major horizontal resistance points and isn’t showing any signs of struggle with the last rise from today’s low at $11551 being parabolic. With the price making a higher high compared to the previous B wave of the lower degree ABC correction to the downside we are most likely seeing the beginning of the higher degree upside move after the WXY correction ended last week.

    Read more on FXOpen blog...

  3. #378
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    Since the start of the week, we have seen the price of Bitcoin increasing to $10950 area which was its highest point yesterday. But since then the price made a decrease of 2.74% and fell to $10685 at its lowest point. Currently, we are seeing the price in an upward trajectory and being traded at $10793 with it looking like the increase is likely to continue.



    On the hourly chart, you can see that from last week’s Thursday when the price came down to $10240 level and even spiked further down, we have seen bullish price action with the price coming up by around 7% measured to the yesterday’s high. As it came up to retest the previous lower degree horizontal level that served as support but was broken on the 21st of September it made an ascending triangle. Yesterday’s high could be considered as a fakeout with the price attempting to break its resistance level but a slight move above it pushed the price impulsively to its support level immediately after.

    Read more on FXOpen blog...

  4. #379
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    The price of Bitcoin has been increasing since last Thursday when it was sitting at $10539.2 and from there reached $11742 at its highest yesterday which was an increase of 11.42%. From yesterday’s high the price pulled back by 2.6% and is currently being traded at around $11500 level.



    On the hourly chart, we can see that last Thursday a breakout was made from the symmetrical triangle in which it was since the yearly high was made and the bullish momentum pushed the price above two significant horizontal levels at $11138.5 and the next one at $11428.3. The upper significant horizontal level correlates with the 0.618 Fibonacci one that is currently being tested for support.

    Read more on FXOpen blog...

  5. #380
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    The price of Bitcoin has been increasing from last Friday when it was sitting around $11221 at its lowest and reached $11847 at its highest today which is an appreciation of 5.58%. Currently, we have seen a minor pullback but the price is still in an upward trajectory indicating strong bullish momentum.



    On the hourly chart, you can see that a breakout was been made above the prior high made last week on Monday and the price is now retesting its levels for support. This minor pullback is likely the 4th wave out of the lower degree impulse wave which is why another increase would be expected from here before a more significant one. That correlates with the current rest on the support level as the price is likely to finds support here.

    Read more on FXOpen blog...

  6. #381
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    From yesterday’s low at $12771 the price of Bitcoin has increased by around 5% as it reached slightly below $13400 where it’s currently being traded. The price is in an upward trajectory after some days of consolidating but as it was doing so in an ascending range this could be the continuation of that ascending structure.



    Looking at the hourly chart, you can see that the price of Bitcoin made a rise above the prior attempt for a breakout when the price came above the 1.272 Fibonacci level. As now we are seeing an impulsive move above the Fib level again it could be an early indication that a breakout to the upside is being made. On the other hand, there is still a possibility that the price is continuing to form its ascending channel as this move could end as a third interaction with its resistance level.

    Read more on FXOpen blog...

  7. #382
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    The price of Bitcoin has increased since yesterday’s low at $13206 to $13703 where it is currently being traded. This is a 4.16% recovery after the price fell from slightly above the $14000 level which was interacted with on Saturday. As the interaction ended as a rejection another pullback has been seen but again high at a higher low compared to the one made last Thursday which is still bullish.



    On the 4-hour chart, we can see that the interaction with the $14000 level was a retest of the last year’s highest point made on June 26th and was the second one. Since we have seen another failure for a breakout the price has started moving sideways but is still showing bullish signs with higher lows being made. Now that it made an interaction with the $13207 level spiking to the downside for its retest another upward movement has been seen, but it could be a corrective one. This is especially considering the descending trendline which is being formed and with whom we are currently seeing an interaction.

    Read more on FXOpen blog...

  8. #383
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    The price of Bitcoin has been moving sideways since last Friday when it came up to $15,977 at its highest point and from there fell to around $14,412 on Saturday. Since Saturday’s low, recovery has been made with the price reaching $15,860 on Monday but from there fell again to $14,850 area. Currently, it is being traded at $15,276 and is showing signs of weakness as it made an interaction with the descending trendline and found resistance there.



    On the hourly chart, you can see that this descending trendline is the resistance level from the triangle which has been forming since last Friday’s high with its support level being the uptrend line from the 4th of November.

    Read more on FXOpen blog...

  9. #384
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    BTC/USD

    The price of Bitcoin has been increasing since Sunday when it was sitting at $15764 and came up to $17084 today which is an increase of around 8.3%. The price is in an upward trajectory and is making new highs with every rise.



    Looking at the hourly chart, you can see that the price has made a higher high compared to the one made last Thursday which was the 3rd wave of the lower degree count from the impulse wave to the upside. This was another increase which is the ending wave of the higher degree count that started around the 3rd of November when the price broke out above last year’s high made on June 26th.

    Read more on FXOpen blog...

  10. #385
    FXOpen Customers Support FXSupporter's Avatar
    Join Date
    Jun 2008
    Posts
    858
    Thanks
    2
    Thanked 256 Times in 106 Posts

    Default

    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.

    Read more on FXOpen blog...

  11. #386
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    11,908
    Thanks
    1,813
    Thanked 432 Times in 279 Posts

  12. #387
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    11,908
    Thanks
    1,813
    Thanked 432 Times in 279 Posts

    Default

    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.

    From Sunday’s high, we have seen a three-wave decrease which could have been a local correction which would mean that another minor higher high could come, but in that case, the current move should be the developing lower degree impulse which doesn’t look like one. This is why it is more likely that now we are seeing a corrective increase before further impulsive moves to the downside.

    Read more

  13. #388
    Moderator cool user Resolve's Avatar
    Join Date
    Mar 2012
    Location
    India
    Posts
    43,405
    Thanks
    6,234
    Thanked 2,576 Times in 1,517 Posts

    Default

    This topic is being updated for further discussions...

  14. The Following User Says Thank You to Resolve For This Useful Post:

    hesham1046 (01-12-2021)

  15. #389
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    11,908
    Thanks
    1,813
    Thanked 432 Times in 279 Posts

    Default

    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.

    If we are seeing the development of the ABC correction the price of Bitcoin could fall back to the $23,500 range before the correction ends. There could be a possibility that this would be a five-wave impulse rather than the ABC correction in which case the decrease could continue below $23,500.

    In the short-term, we are expecting that the price establishes support around the $30,000 area before a recovery to $37,550 which would be the 0.618 Fib level.

    Read more
    Last edited by hesham1046; 01-12-2021 at 07:34 PM.

  16. The Following User Says Thank You to hesham1046 For This Useful Post:

    Resolve (01-12-2021)

  17. #390
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    11,908
    Thanks
    1,813
    Thanked 432 Times in 279 Posts

    Default

    BTC/USD
    The price of Bitcoin has been moving sideways since last week as it came up to $40,000 area but then fell to $33,813 at its lowest point yesterday. This occurred after recovery and now we are seeing another minor one with the price reaching $37,486. Currently, it is being traded slightly lower but is still in an upward trajectory.

    BTC and XRP

    Looking at the 4 hour chart, you can see that the price made it slightly below the 0.382 Fib level on Sunday’s low but managed to pull back up above it. This could indicate that support has been found but we are still yet to see if it manages to exceed the local high at the 0.618 Fib level.

    The primary scenario is one in which we are seeing an ABC correction of a higher degree and so far this has played out. The downfall below the 0.5 Fibonacci level has confirmed the previously assumed ABC to the upside which is the B wave from the higher degree count.

    This is why from here we would be expecting the continuation to the downside, but that might not come as expected. The C wave which was projected to the downside should have been developing a five-wave impulse but has instead made a three-wave decrease followed by a recovery.

    Now if the price continues increasing this count might get invalidated but this would potentially still be the part of the correctional count which is set to push the price lower.

Page 26 of 26 FirstFirst ... 162223242526

Bookmarks

Bookmarks

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
2005-2021 © 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 EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.

FXOpen does not provide services for United States residents.

Join us