Bitcoin, Ripple and Ethereum – rate analysis KW48 – pattern-valid downward movement

the Bitcoin, Ripple and Ethereum – rate analysis. As for weeks predicted, it was played in the case by the end of the triangle, and the downward movement withdrew currencies through all the Crypto. New Year Lows! However, what follows?

Thomas Hartmann
28. November 2018 share Facebook Twitter LinkedIn xing mail

Bitcoin, Ripple and Ethereum have not recovered from the price movements of the last few weeks. But how it looks on the technical side? The rate analysis for the calendar week 48.

Bitcoin, BTC, (BTC/USD)

With the break below 5.877 US Dollar, the mentioned several times, the case broke at the end of the triangle. The there was nothing to oppose. The objectives of the course on the bottom have been announced in written form the last five weeks:

"Here is only a short-term stabilization and a return under 5.877 US dollars is completed, the Short scenario with the following objectives:

5.428 US $ 4.872 US $ 3.929 US $ 3,300 US dollars

did The Updates in video form the Rest. Only the last one is down remained objective yet open.

The sell-off was clearly, nevertheless, could be taken small between recoveries on the Long side. The first downside target after the penetration of 5.877 US Dollar stood at 5.428 US Dollar. In fact, a Low was made at 5.414 US Dollar and following a course followed by recovery of 6.6 percent, and 356 US dollars. With the subsequent break-up of the area between 4.701 and 4.872 US was played Dollar and abandoned.

The counter-movement was only 3.6 percent, or 175 US dollars. The following goals were good for a short term Long Trade. After 3.929 dollars could be used for stabilization, came a new low for the year at 3,655 thousand dollars. This holds up so far. How clearly the downward movement was, also by means of the cloud of the Ichimoku Kinko Hyo indicator to confirm. This is currently about 40 percent or 1,600 of the US Dollar from the current rate happen. The moving averages, a clear language, speak: From the all-clear can be in the daily chart.

Bullish variant:

The 3,655 thousand dollars can be seen as a short-term bottom, the established. The Bitcoin slips to a new low for the year. The steep downward trend from may 2018 will be outbid. The Bitcoin to rise and reached the resistance area between 4.701 and 4.872 US Dollar. Price increases above 4.872 US Dollar are associated with a price target at 5.428 US Dollar. In addition, the down abandoned upward trend and the resistance area 5.877 up to 6.025 US Dollar is extremely relevant. It can be also shown further strength, we find ourselves again in the old sideways zone between 6.025 and 7.692 US Dollar. With rates on 7.961 USD a larger buy-signal is activated. Target: 9.726 US Dollar.

Bearish variant:

The downward trend from may 2018 may not be using the daily closing price outbid. The Bitcoin slips more and the sell signals on the Ichimoku-Kinko-Hyo-indicator, and the slip confirmed it through the cuts. The low for the year at 3,655 thousand US dollars will be undercut and further sales will follow. The open downward reaches the target at 3,300 US dollars. Under 3.132 US Dollar the other targets on the bottom are as follows:

2.629 US $ 1.920 US $ 1.601 U.S. dollars 1.224 US Dollar Ripple (XRP/USD)

A similar picture in the case of Ripple. Nevertheless, here is a clear strength. After the re-Test of the upward trend from June 2018 0.57 U.S. dollars, the downward started here movement. This has kept to the point. The cloud of Ichimoku-Kinko-Hyo-indicator, in combination with the downward trend in the short term to stem further price losses, but this was not enough to play the bottom. With the movement of the confirmation of all indicators, at least from the point of view of the daily charts. The next logical point of contact is now at $ 0.31. Or is now found in the soil in the range of $ 0.33?

Bullish variant:

Ripple has on the underside of the air to 0.31 dollars. In the best case, it's not even under the current floor of $ 0.33. The downward trend is back. Accompanied by a starting of the range 0.43 to 0.46 per US Dollar. The next destination is broken upward trend and the target price of 0.67 US Dollar.

A rate increase of more than 0.75 US Dollar enabled the objectives of the parent Up:

0.89 US $ 1.15 US $ US $ 1.37

Bearish variant:

The short-term bottom at $ 0.33 is undercut. The $ 0.31 to be run. A clear of slipping under the $ 0.31 is enabled, the target price of $ 0.24. With the condition – classes under US $ 0.22 – follow 0,15 US-dollars.

Ethereum (ETH/USD)

An excerpt from the final analysis:

"The sell-signal by means of moving averages shows the effect and Ethereum are more. The viscous sideways movement around the 200 US Dollar is bearish resolved. The course of low at 188 US dollars, it is tested, and undercut. The next destination is then up to the significant Low of 167 US dollars. A decline below this triggers a wave of selling for the target of 129 US-Dollar.“

The bearish variant with Ethereum is fully risen. Over the next few weeks, attention was drawn to the significant weakness of Ethereum. With the current downward movement Ethereum is threatening more and more, in the two-digit US-Dollar range to drift away. The cloud of Ichimoku-Kinko-Hyo-indicator and the moving averages have flattened perfectly. From the point of view of the cloud, a sell signal is for 225 US dollars active. The moving averages confirmed this only a couple of dollars lower.

Bullish variant:

Ethereum can stabilize at the lower edge of the area to the 108 US dollars. The rate continues to rise and reaches the interim target for $ 175. A rate increase of about 196 US dollars, the buy signal triggers with a goal of 241 US dollars. Then the cloud of the Ichimoku Kinko Hyo is outbid indicator and the moving averages should switch to a buy signal. About 263 U.S. dollars, a larger objective of the course is increasingly likely. This is 338 dollars.

Bearish variant:

The left edge of the area was already in the short term, down. From the point of view of the daily charts but only with the fuses or the shadow of a candle. It will be required.a daily closing price of lgt beneath. Ethereum is drifting in the double digits, and reached the 95 dollars. Sales under 91 US dollars, select the price target at $ 60.

conclusion:

Too much is not a promise. With resolution of the falling triangle the planned scenario is risen. The losses were predictable, and make it clear that the Technical analysis works also in the crypto market. The Short-profits can do with the analyses, were immense. Now, the further development remains to be seen. Because from the point of view of daily charts of all the crypto currencies are strong. A soil formation can occur already in the Tick Chart and can then be confirmations in various units of time. The important for us to remember. In the end only dealing with the Chart and a healthy money-risk Management, can happen to you too much.

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 21. November created. USD/EUR exchange rate on the cut-off: 0,88 euros.

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