Bitcoin, Ethereum and Ripple - Price Analysis KW33 - Stabilization or not?

cryptoexpert0 (16)in #bitcoin • 6 years ago (edited)

Bitcoin, Ethereum and Ripple - Price Analysis KW33 - Stabilization or not?

The mentioned price targets on the bottom have been reached. Since yesterday various coins has had abullish run. Can they be stabilization and succeed at this level or is it just a breath of fresh air?

To give an overview of the top 3, the developments of Bitcoin, Ethereum and XRP course will be presented here. Wherever possible, we rely on previous price analysis and look at what has happened since then.

BTC (BTC / USD)

Last week presented "Bearishe Variant" went fully on. Bitcoin has reached its target price on the bottom at $ 6,000. The condition from the last analysis was, among other things, as follows:

"Due to the break of the short-term uptrend, the price target announced for weeks at 6,000 US dollars is called. Under $ 5,877 threatened losses up to $ 5,428.

The low was marked at $ 5,878. The condition for another price target on the bottom side was thus not fulfilled. A point landing. The ongoing recovery brings so far 10% on the credit side. So far, Bitcoin's price is still under the short-term uptrend and cloud of the Ichimoku Kinko Hyo indicator. If the short-term downtrend outbids - currently rising at $ 6,800 - this is a confirmation of bottoming. Various moving averages have not turned yet and so far confirm a "short setup".

Bullish variant:

The short-term uptrend is recaptured in a timely manner. Prices above $ 7,000 go along with the break in the mid-term downtrend. In addition, by means of such courses, the cloud of Ichimoku Kinko Hyo indicator outbid. $ 7,357 is the 38.2% Fibonacci retracement. If strength continues, the course must be hoisted over the top of the resistance area as quickly as possible. This is $ 7,961. Only then are the larger price targets active:

9,261 US dollars
$ 9,726
$ 10,540

Bearish variant:

Soil formation fails. The price increases since yesterday are only there to generate lower prices. The price is below $ 5,877, which activates the price target at $ 5,824. If it falls significantly below this price target, a relapse threatens to the $ 5,000 mark.

Ethereum

At Ethereum also the presented Bearishe variant has shown full effect. The price target on the bottom was also met here.

"Ethereum continues to show significant weakness and the $ 338 is undercut. This move activates the price target at $ 241. "

Here even the time announcement has been fully applied by means of forecasting arrows. The sell-signal has already been certified at prices below $ 405. The cloud of the Ichimoku Kinko Hyo indicator has once again shown what can happen if there is significant weakness in a coin.

Bullish variant:

Ethereum can now continue to show strength around $ 241. The course does not train a new low. Courses over $ 365 confirm the bottoming. The 405 US dollars, which were previously considered a sell-signal, can be overcome. The short-term downtrend - currently falling at $ 475 - is capping the price only intermittently. Quotes above $ 477 confirm the price increases using the indicator. Here is the cloud of the Ichimoku Kinko Hyo indicator outbid. The target on the top is then at $ 624.

For significantly higher price targets, a significant excess of 684 US dollars is significant. Only then are the following destinations activated:

897 US dollars
$ 1,021

Bearish variant:

The clear weakness in Ethereum continues. Bottom formation is being undone, and at $ 241, another lower target price of $ 196 is being activated.

Ripple (XRP / USD)

Since Ripple's "initial sell-signal" has been triggered, Ripple knows only one direction and that is down. With the condition fulfilled for the Bearishe variant nearly 45% loss of price came about. The downward movement picked up more and more due to the break of various uptrends.

"Ripple continues to lose and the target price on the bottom at $ 0.30 is reached. If this mark is not sufficient for a price recovery, it threatens a price loss to 0.24 US dollar. "

On the part of the analysis everything went on here. Ripple is again at the crossroads and if you pay attention to the indicators, a further downward movement becomes more and more likely. The lower edge of the Ichimoku Kinko Hyo indicator cloud is now 76% off the current price action. The moving averages still have enough air to handle price increases. Of course, a raison d'être for a Bullishe variant is also available in this update.

Bullish variant:

With the low at $ 0.25, a runoff low was reached at Ripple which stands up. The $ 0.31, previously considered a sales mark, are outbid. The short-term downtrend - currently falling at $ 0.40 - can not cap the price any further. An increase of more than $ 0.45 goes hand in hand with the sharp break of the 23.6% Fibonacci retracement. The top of the cloud of the Ichimoku Kinko Hyo Indicator is left behind at over $ 0.55.

To speak of a larger completed bottoming, it requires courses over $ 0.75. This buy signal simultaneously promises the following goals:

$ 0.93
$ 1.15
$ 1.37

Bearish variant:

Ripple is far from bottoming. The historical low - currently at $ 0.25 is undercut. Prices below 0.21 US dollars activate the price target at 0.15 US dollars. That would correspond to renewed price losses of just under 30%.

Conclusion:

What is currently going on with cryptocurrencies? The answer is as often in the chart. The price targets, which have been announced for weeks, have been met by forecasting and the associated conditions. All top 3 coins - by market capitalization - are in sync this time. All 3 have arrived at major brands, which can now initiate further price increases. If this fails, the bearish variants are activated again. Everything can be implemented with the necessary strategy, even if one is wrong. A healthy risk and money management is the alpha and omega here.

Disclaimer: The price estimates shown on this page do not constitute buy or sell recommendations. They are merely an assessment of the analyst.

Pictures based on data from bittrex.com and bitfinex.com created at 09:45 on 15 August. USD / EUR price at the time of going to press: 0.88 euros.

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