Hitbtc announces the addition of Dogecoin
Hitbtc, the most technologically advanced exchange on the market, is pleased to announce the addition of full functionality for Dogecoin from today, June 16. Hitbtc offers customers the ability to trade both fiat and cryptocurrencies in complete confidence on a state-of-the-art platform. Already on offer are USD and EUR, as well as Bitcoin and Litecoin, but following the result of users’ votes, Dogecoin is now being implemented, allowing users to trade with the same great features enjoyed by our existing customers. And if that’s not good news enough, the Hitbtc voting competition....
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Dogecoin price ranged between 50 and 52 satoshis throughout yesterday's trading sessions on hitbtc. On cryptsy, dogecoin traded between 49 and 53 satoshis yesterday. By examining the 4 hour Hitbtc (DOGE/BTC) chart from tradingview.com and plotting William's Alligator indicator accordingly (look at the below chart), we can notice the following: The support level at 52 satoshis has been resisting a drop in dogecoin price since the 2nd of March. Although the price fell down to around 39 satoshis on the 4th of March, the long downwards shadow of the candlestick (look at the candlestick circled....
Dogecoin price traded between 58 and 60.7 satoshis on Hitbtc and between 58 and 60 satoshis on Cryptsy yesterday. Although the support level is rising on both Hitbtc's and Cryptsy's 1 day chart, it seems that Dogecoin price still prefers to stay within the 56 satoshis and 62 satoshis range. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the 20 day EMA and the MACD indicator accordingly (look at the below chart), we can notice the following findings: Dogecoin is now trading below the 20 day EMA and has been so during all of yesterday's trading sessions which....
Dogecoin price traded between 52 and 62 satoshis on Hitbtc throughout yesterday's trading sessions, yet on Cryptsy, the price ranged between 59 and 60 satoshis. Let's take a look at the 4 hour Hitbtc (DOGE/BTC) charts from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart). We can notice the following: Dogecoin price has been testing the rising support trend line that we plotted during last week's analysis. However, whenever a bearish candlestick takes price below that level, the following candlestick is always bullish and takes the price....
Dogecoin price ranged between 50 and 55 satoshis throughout yesterday's trading sessions on Hitbtc. Today's trading volume on both Cryptsy and Hitbtc seems to be higher than yesterday's, so there are better chances to see dogecoin price rise again to approach the 60 satoshis mark during today's trading sessions. By studying the 4 hour Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can notice the following:- Although dogecoin price dropped down well below the seemingly strong support level at 52 satoshis....
Dogecoin price dropped further yesterday to record a low of 52 satoshis on Hitbtc today as we expected during yesterday's analysis. In my opinion, the 52 satoshis level will support the price and prevent dogecoin price from declining to lower levels. By studying the 4 hour Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the William's Alligator indicator (look at the below chart), we can notice the following: The price now is continuing to record lower lows and we can spot a downwards sloping support level as shown by the orange trend line on the below chart. Dogecoin price is now....