Bitcoin, Ethereum and Ripple – rate analysis KW10 – The supports hold

the After the clear break of the upward movement of the 24. February 2019 in one of the Top 3 Bitcoin, Ethereum and Ripple are working on a stabilization. So far, this succeeds.

Thomas Hartmann
6. March 2019BTC$3.873,17 , and 0.92%Facebook Twitter LinkedIn xing mail

Before we get to the actual course of analysis, a short Announcement: The Seminar on "crypto-currencies trading the right way" are still a few seats available. We have presented the Event in the last week. So if you're interested, you can register directly on the side of the trading school the cryptographer.

After the last few days, the classes developed very positively, the question is: what's next? We look at the Charts of the three largest crypto

Bitcoin (BTC/USD)

A quote from the previous forecast:

The Bitcoin shows more strength and the resistance at 3.929 US Dollar is sustainably overcome. currencies: The next destination is 4.071 US Dollar. In addition, the 4.195 US Dollar come into play. Rate increases over the course of high of 24. December 2018 go hand in hand with the aim of 4.701 US Dollar.

Said and done. The Bitcoin price showed strength, and enabled to and in accordance with conditions on the top and picked accordingly, a variety of course objectives. The history high of 24. February 2019 was at 4,200 US dollars. A tolerance of just five dollars. Then it came again to a downward movement. The significantly higher price target at 4.701 US Dollar has not been activated. The end of the upward movement is surprising, therefore, in any way. Only the speed with which the Bitcoin's fall been left. Where this is to the liking of the higher-level correction.

Since the days will now be tested again in the bottom. After all, a Test that takes place at almost 600 US dollars on the low for the year. The so-often-mentioned support in 3,655 thousand dollars has now been run twice already and keeps the price of Bitcoin stable. The first Test of the support, also, the overcome could provide downward trend from the January 2018 for buying interest.

Currently, the Bitcoin is on course directly to the 23.6 percent Fibonacci Retracement Level at 3.883 US Dollar. The cloud of Ichimoku-Kinko-Hyo-indicator is outbid, and supports the Bitcoin to 3.550 US-Dollar – and rising. The moving averages have been generated according to the most recent exchange rate losses, a sell-signal.

Bullish variant:

The Bitcoin no longer falls back below the support 3,655 thousand dollars. The current hurdle, and the 23.6 percent Fibonacci Retracement Level at 3.883 US dollars, is sustainable outbid. A small decision may play out already in 3.929 US Dollar. This resistance has been tested in the past. A breakout above this gives the Bitcoin back to the force to take again the 4.195, US Dollar in focus.

rate increases over the course of high of 24. December 2018 go hand in hand with the aim of 4.701 US Dollar. This must be sustainable.

add more thickness and the resistance area of 4.701 up 4.872 US overcome dollars, are the targets

5.428 US Dollar5.877 US dollars

enabled.

Bearish variant:

The bears have the Bitcoin, who has the final Say. The Bitcoin can the course of high of 24. February 2019 not overcome 4.195 US Dollar. The Bitcoin slips below the support at 3,655 thousand US dollars, it will face further charges. A decline below the cloud of Ichimoku-Kinko-Hyo-indicator and the downward trend of 9. January 2019 again the support area of the low for the year, the focus will be. A further confirmation of the break below the 78,6% Fibonacci Retracement at 3.548 US Dollar. The support area between 3.132 and 3.303 US will leave the Dollar down, threaten to larger charges.

the Following targets are then activated:

2.629 US Dollar1.920 US Dollar1.601 US Dollar1.224 US dollars Ethereum (ETH/USD)

A quote from the previous forecast:

What is now missing is a sustained outbreak of 167 US dollars. Here is the next resistance. On this single point resistance a correction in the resistance area between 175 and 196 US Dollar is desirable.

no sooner Said than done. The Ether rate has run out of 167 US dollars, and three dollars outbid. Here's a similar termination of the movement, followed then as in the Bitcoin. Here, too, the oft-mentioned support area was run. This is between 109 and 129 US dollars and was the best time to get started. The same game, with the indicators: Ethereum is above the cloud of Ichimoku-Kinko-Hyo-indicator. This supports Ethereum to 116 US dollars a decreasing trend and the moving averages are on sale.

Read also: Hamas receives Bitcoin donations via Coinbase

Bullish variant:

Ethereum is working to the Fibonacci Retracement Level to the top. A Crossing of the 23.6% Fibonacci Retracement level at 154 US dollars brightens the short-term chart picture. Then the next price target is once again at 167 US dollars. Rate increases over 196 US Dollar, and thus on the resistance range to draw conclusions on the target price of 241 dollars. If, Yes if there would not be a downward trend from July 2018. This currently runs at 218 US dollars – falling – and should bring at least a small correction.

Bearish variant:

Ethereum is unable to overcome the resistance area between 175 and 196 dollars. In the case of further significant weakness Ethereum is not even about 144 US dollars – to 23.6 percent Fibonacci Retracement Level and the resistance at 167 US dollars. Ethereum is immersed again in the support area 109 to 129 US dollars. A Drift speed under the lower edge of the cloud of the Ichimoku-Kinko-Hyo-indicator at 116 US dollars should the downside scenario. A sustained decline below US $ 109 will allow you to Test the range of 91 to 95 US dollars. This area is not enough buying interest and it goes under the low for the year of 83 US dollars, can be followed by large price target at $ 60.

Ripple (XRP/USD)

a number of times in the Ripple rate on the purchase of a chance at the key support at $ 0.31 pointed out. On several occasions this was for a 15 percent profit. But as is so often the acclaimed "Underdog of the Top 3 Coins" can Ripple make out of this Chance nothing. This is mainly due to the desperate Test of the downward trend of 24. Dezembhe 2018. Instead of going here just once sustained it, has Ripple sideways. So far, So good, one would think. But: This is not a sign of strength and if you look at the indicators in location, is Ripple wedged by these lust lots of sideways movement completely. The cloud of Ichimoku-Kinko-Hyo-indicator offers is now again a resistance of 18% to 0,38 U.S. dollars. The moving averages of the movement can gain nothing, and provide a false signal to the other.

Bullish variant:

Ripple shows, how did this come to, significant strength and rises above the cloud of Ichimoku-Kinko-Hyo-indicator. Accordingly, he stands at about 0,38 U.S. dollars. The next price target is $ 0.43. It goes on 0,46 dollars and the course of high of 6. November 2018 0.57 US Dollar, are not the 0.67 to the US Dollar as a realistic goal.

Bearish variant:

The lower edge of the cloud of the Ichimoku-Kinko-Hyo-indicator is already sufficient that Ripple away again. In addition, several Fibonacci Retracement levels are on the way to the top. These are to be regarded as a resistor. Already rate increases shall apply through the course of high of $ 0.35 as a Surprise. Again 0,31 US to be broken-dollars, should the downward movement in the new travel. The goal is then up to the support area between 0.21 and $ 0.24. A relapse below 0.21 U.S. Dollar worsened the Situation for Ripple dramatically. The objective of the course on the bottom, then,

0,15 US-dollars.Conclusion:

Bitcoin and Ethereum do it again. Here, everything goes according to Plan, and it is a true Ping-Pong game, take advantage of it. Nothing will change until a sustainable break-out from the sliding zone. Top Short bottom Long. Of course, with a sensible strategy. How long this state is maintained, is irrelevant. It is not only about to benefit from it. The possibility is there.

So Long, good Trades!

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

images on the Basis of data from bittrex.com and bitfinex.com on 6. March created.

USD/EUR exchange rate at the time of writing: € 0.88

you have interest to learn Trading from an expert? In the trading school cryptographer various webinars for Learning the Trading craft. Just have a look!

The prices of Bitcoin, XRP, Ethereum & co. can be found here.

buy Bitcoin , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: Now