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Ripple (XRP) Price AnalysisMarket Overview XRP managed to increase by 15% this week as the cryptocurrency finally broke above the $0.20 level. The cryptocurrency had been struggling to break above $0.20 since the March market collapse but managed to penetrate above here on Tuesday when it surged past the 100-days EMA at $0.206 and closed at $0.218 (1.272 Fib Extension). Yesterday, XRP continued higher into the bearish .5 Fib Retracement level at $0.23. In today’s trading session, XRP has dropped lower as it trades at $0.218. Short term prediction: BULLISH The break above $0.20 has now turned XRP bullish and it would need to drop beneath $0.20 to turn neutral again. If it was to drop beneath $0.18, the market would be considered as bearish. If the buyers manage to rebound from $0.218 and push higher, the first level of strong resistance lies at $0.229 (bearish .5 Fib Retracement). Above this, resistance is located at $0.234, $0.24 (1.414 Fib Extension), and $0.257 (bearish .618 Fib Retracement). Toward the downside, support lies at $0.21, $0.206 (100-days EMA & .236 Fib Retracement), $0.20, and $0.1881 (.382 Fib Retracement). Following this, added support lies at $0.18. The RSI has dropped from overbought conditions as the bullish momentum is starting to show some signs of weakness.
COINBASE:XRPUSD
by CoinGape
BTC Breaks $8,400 As Halving Approaches – How High Will It Go? Bitcoin surged by a total of 7.8% today as the cryptocurrency breaches $8,000 to climb as high as $8,430. The block halving for the coin is now just 12-days away. After stalling at $7,800 yesterday, Bitcoin managed to surge by 7.8% today to break above the resistance at $7,800 and break above $8,000. The coin continued to climb further higher above $8,000 as it reached the $8,430 level before finding resistance. This price jump is not surprising when we consider that the BTC block halving is just 12-days away now. With this event, we will see the BTC block reward being slashed in half from 12.5 BTC per block to just 6.25 BTC per block. This would put some pressure on the smaller mining operations and will force many of them to close down. The hash rate for the entire market is starting to climb right now and we can expect it to continue to rise until the block halving event. After the event, we might see the hash rate drop significantly. Market Overview Taking a look at the daily chart above, we can clearly see BTC stalling yesterday at $7,800 as the bulls took a break from their 7-days of continuing price increases. In today’s trading session, we can see BTC surging past $7,800, breaking above $8,000, and breaching the resistance at $8,073 provided by the bearish .786 Fib Retracement. It continued above $8,000 to reach the resistance at $8,430 (1.618 Fib Extension). It has since dropped from here to reach $8,300. Short term prediction: BULLISH Bitcoin remains strongly bullish in the short term and would need to drop beneath $7,600 (100-days EMA) to turn neutral. It would have to fall further beneath $6,800 to turn bearish. If the buyers managed to break the $8,430 resistance, higher resistance is located at $8,608 (bearish .886 Fib Retracement). Above this, resistance lies at $8,800, $9,000, and $9,163. On the other side, if the sellers push lower, support can be found at $8,000. Beneath this, added support lies at $7,877, $7,676, $7,600, and $7,400. Key Levels: Support: $8,000, $7,800, $7,676, $7,600, $7,400, $7,200, $7,000. Resistance:$8,430, $8,608, $8,800, $9,000, $9,163.
BITSTAMP:BTCUSD
by CoinGape
BTC ON Huobi Futures 6666 6666 seems to be a trend these days been seeing this price sticking around for some time. BTC is down around 4 to 5 percent at the time right before the daily close. We did have a nice uptrend previously on the channel over the weekend. Its anyone game but with the btc block rewards going down in 29 or so days does this mean the halving is priced in ? are we going down to lower or going to spike up after this retracement. Its anyone's game? Are you a bear or bull after this decrease in price?
B
by HuobiGlobal
1
Bitcoin Price Outperforming Altcoins While Dominance Falls Bitcoin price continues to trend towards $8,000 in spite of the fall in the dominance rate. Bitcoin halving is associated with heightened volatility before and after the process; post halving predictions go beyond $10,000. Bitcoin dominance rate has taken a hit after rising to 67.99% (vital resistance zone) on March 9. However, a sharp drop followed resulting in a leaner Bitcoin dominance rate. At the time of writing, Bitcoin dominance stands at 64.7%. This shows that altcoins have been performing relatively well against Bitcoin. According to a cryptocurrency trader @FeraSY1, Bitcoin dominance is set to test key levels at 61 and 53 respectively. #Bitcoin Dominance HTF Structure We Can say obviously that #BTC Dominance has broken 2 years uptrend + successful bearish Retest of this Major uptrend Next Key Levels are 61/53/50 % What does it mean? This has Direct #Bullish impact on Alts Mainly Majors & Mid Caps Vs. Bitcoin pic.twitter.com/PbiopPnKwQ — Feras_Y (@FeraSY1) April 8, 2020 In spite of the falling BTC dominance rate, BTC/USD has been performing exceedingly well in comparison to the altcoins. The recent surge towards $7,500 confirmed the return of the bulls into the market following the fall under $4,000 on March 12. Most altcoins are still heavily correlated to Bitcoin price including Ethereum, Litecoin and Bitcoin Cash. Bitcoin Price Technical Picture BTC/USD is trading at $7,278 at the time of writing. An ongoing bearish momentum risks testing the support at $7,200. Besides, the RSI retreat from the overbought (above 70) hints that sellers could keep on gaining traction against the buyers. On the upside, $7,300 is the immediate resistance. The movement towards the critical $7,400 level must be strong enough to break the resistance at $7,500 in order to pave the way for gains towards $8,000. Bitcoin is barely a month away from its third mining reward halving event scheduled to take place early in May. Past halving events have been characterized by increased volatility prior to and after the process. As speculation mounts across the market, I believe Bitcoin could gain the energy to clear the hurdle at $8,000. Performance following the halving could be the beginning of the much-awaited rally above $10,000 and towards the all-time high. Bitcoin Key Intraday Levels Spot rate: $7,289 Relative change: -80 Percentage change: -1.13% Trend: Bearish Volatility: Expanding
COINBASE:BTCUSDLong
by CoinGape
1
BTCUSD FULL ANALYSISWelcome back traders! We are going to look at BTCUSD today on the monthly, weekly, daily, 12h, and 4h. We will look at Simple Moving Averages(SMA's,) Exponential Moving Averages(EMA's,) Oscillators, Visible Range Volume Profile(VPVR,) and more! MONTHLY The giant pattern on the monthly points to $6,450. We want to see BTC stay above the 21 EMA, currently at $7,323. If we see a major breakout, clearing the 10 day SMA, currently at $8,350, would be indicative of further bullish activity, perhaps even a catapult to a new all time high. The Awesome Oscillator is decreasing at a decreasing pace, but still on track to hit zero. The last time the AO crossed from positive to negative (also at a decreasing rate of decline,) the bull cycle of 2019 began. WEEKLY There is Bullish Divergence on the weekly with the AO. The t3-cci oscillator is negative and increasing at an increasing rate, which is also bullish. The MACD_VXI appears to be beginning convergence, which would be bullish. RSI has locally bottomed at the price of $3,850, which could indicate a low. Currently, the price is resting just above the .382 Fibonacci retracement from $13,800. Daily Our VPVR has the strongest Point of Control(POC) at just above $7,200, with the highest volume node ranging from $7,150 to $7,350 (this indicates a likely strong area for support and resistance.) If these levels break, the next major area for support is just above $6,600. It is also noteworthy that RSI is above 53, which has been a significant level for bullish activity. Lastly, the 50 day SMA is acting as a resistance, and will need to be concurred for further bullish activity. 12H This zoomed out chart of the 12H gives us a target if bullish activity continues, with a POC just about $7,900. The next challenge will be the 100 day SMA at $7,475, which is acting as resistance. 4H Although there is an ascending bearish wedge forming, there are bullish signs on this chart as well. The 10 day and 200 day SMA's just crossed on April 5, and BTC has recently crossed the 200 day SMA as well. Despite the T3-CCI indicator originally heading towards zero, it appears to be curving back up. The AO is decreasing less than it has been, and may see a change in direction soon as well. SUMMARY Long Term Bitcoin is holding up in the long term, and overall bullish. We want to stay above $6,450 according to the giant patterns on the monthly and weekly charts, and we are holding strong above our significant long term POC's. The support along the .382 FIB is a great sign on the weekly, and $7,900 is the next target, assuming bullish activity continues. Short Term The cross between the 200 day SMA and 10 day SMA is a bullish sign, especially with the recent overcoming of the 200 day SMA. The bearish wedge forming on the 4H is a concern and should be monitored closely. Ideally, the price will remain above $7,150 for further bullish activity. Disclaimer: This is NOT trading advice, NOR financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
BITSTAMP:BTCUSDLong
by CryptoRichCrypto
5
BTC/USD Recovery Undeterred, Is $7,000 The Stepping Stone? Bitcoin price remains bullish after finding support at $6,500. BTC/USD bulls depend on the break above $7,000 to shift the recovery focus to $8,000. Bitcoin price has been dealing with extreme volatility levels mainly driven by the fear caused by the Coronavirus pandemic. However, the digital asset appears to be gaining resilience based on the recovery moves it pulled on Friday and Monday. Last week, the Bitcoin price broke above a key resistance zone at $6,000. Impressive upside action approached the critical $7,000 zone. Unfortunately, a breakout did not materialize, leaving BTC/USD vulnerable to losses under $6,000. Bitcoin Price Bullish Scenario At the time of writing, BTC/USD is trading at $6,576 after adding over 1.5% of gains on Tuesday. The Asian hours have been characterized by increased buying entries, however, it is still not enough to sustain movement towards $7,000. Generally, Bitcoin price trend remains in the able hands of the bulls. This is emphasized by the up-trending Relative Strength Index (RSI). The indicator has since the crash to levels under $4,000 formed a higher high pattern. With the RSI under the average, room for growth is plenty as long as the buying volume increases steadily throughout the week. The zone at $7,000 has been tested once, making it a critical area. If BTC/USD steps above it, buyers could get a boost as the focus shifts to $8,000. On the other hand, failure to clear the resistance could result in exhaustion of the bulls and a bearish action back to $6,000. Despite the bullish momentum, selling pressure cannot be ignored especially if the 50-day SMA continues to close the gap towards the 200-day SMA. Bitcoin Key Levels Spot rate: 6,576 Relative change: 85 Percentage change: 1.20% Trend: Bullish Volatility: Shrinking
COINBASE:BTCUSDLong
by CoinGape
1
Short NZD/JPY setup 3/18/20This was a well executed trade. I waited patiently and executed for the most part without fear. I wasn't thinking while executing but more so focusing on my process. I've adopted the belief that "getting into the habit of taking profits off the table, discipline" is a useful belief. It caused me to close the position at 11 pips profit. I believe this to be a useful belief but I must also cut losses prior to my SL if I'm also going to TP before 1:1 RR
Short
by ShrewdCatfx
1
XRP Remains Rangebound But Can This Bullish Momentum Continue? XRP saw a small 1.5% price increase over the past 24 hours of trading as it reaches $0.24. It has been bouncing around within a range between $0.24 and $0.228 for the past week of trading. Bitcoin finally managed to climb back above $8,900 as it brings the rest of the market higher. XRP saw a 1.5% price increase as it heads back into the resistance at the $0.24 level. The cryptocurrency managed to find support at a .886 Fibonacci Retracement level $0.228 to stall the latest price decline. Since reaching this level of support the cryptocurrency has been bouncing between $0.228 and $0.24 as it trades sideways within this trading range. XRP remains the 3rd largest cryptocurrency with a total market cap valuation of $10.48 billion. Market Overview: Since our last analysis, XRP continued to struggle to break above the resistance outlined at $0.24. It continued to trade within the range between $0.24 and $0.228 over the past few days of trading and has recently just returned to the upper boundary. Short term prediction: NEUTRAL XRP remains neutral after establishing the aforementioned trading range. It would need to climb above $0.27 before we can even start to consider this market as starting to turn bullish. A break beneath the lower boundary of the range would turn the market bearish. If the buyers break $).24, the first level of resistance lies at $0.251 (bearish .236 Fib Retracement). This is followed by resistance at $0.27 (bearish .382 Fib Retracement), $0.285 (bearish .5 Fib Retracement), and $0.30 (bearish .618 Fib Retracement). Alternatively, the market should find strong support at $0.228. If it breaks beneath here, additional support lies at $0.22, $0.212 and $0.204. Key Levels: Support: $0.2281, $0.22, $0.218, $.212, $0.204, $0.20, $0.195. Resistance: $0.24, $0.25, $0.251, $0.264, $0.27, $0.28, $0.285, $0.29, $0.30.
COINBASE:XRPUSD
by CoinGape
NZDCAD short 1:1 RR from 1hr Resistance I took this short because at the time I thought that it was a valid trade. I followed my process, I followed my plan... however during the middle of the trade I realized that the 15m structure over the last 24 hours was creating HH's and HL's. This does not meet my setup criteria. It took this trade for me to realize that I need to add this concept to my filtering process in the morning. That's what I took from this trade. Additionally my execution on the supposed "valid " trade was poor as well. I was rushing to get my entry in. I feel like my more refined process will enable me to relax and trade logically. Not consumed by the Fear of Missing out. That is if I decide to follow the plan/process I have for myself each morning. Price actually got to TP area but my intuition was telling me that we were going to keep heading down. I removed TP order and price decided to reverse on me. I suppose this is another lesson. Take what the market gives you.
Short
by ShrewdCatfx
platinum Platinum has sold quite aggressively for the past couple of days. We are back on that demand line we have been founding support for the last few weeks now. If buyers continue finding value on these levels we will finally pass the high at 985 and eventually the higher resistance level at 1020 IF not next stop bellow is the 940s level . As we can see on the MACD negative momentum so far has been building up with no signals of divergence . Also the more price bounces on a trend line the buying power reduces and looking left we have been bouncing on this trend line for a while. Good sing though is that we are now sitting just above the average price of Platinum that the last 50 days give as the 50 day MA on the Daily confirms and that has been a strong support so far . Signals on this are mixed right now.
P
by django2
EUR/USD short to retest Low created at LondonThis trade did not meet my setup criteria. It was forced and rushed. It was a very emotional trade. I believe it was partly overconfidence from doing well early this week and also Fear of Missing Out. If I had taken my time and followed my process I would've avoided this costly trade. -1.29R. Lesson is that I must become aware , psychologically, when I feel an urge to place my money at risk. I treat this like a business but trading is hard and I understand it'll take time. It is a skill. Ultimately discipline to a well defined and understood setup will bring me success in the markets. I am currently observing the trades that are Wins and back testing the price structure behind them. It's a work in progress. Going to take time. Also changing Brokers currently.
Short
by ShrewdCatfx
4
NZD/USD short to retest lows created during London Generally Bearish on Daily. This was my setup. Price is near 1hr Zone, I defined it as Resistance, someone could've defined it as support but why would we? The HTF's are Bearish. We have confirmation that we have a good chance to drop to the London Low because we have shooting star-like candles rejecting prior 15m S/R zone. We have multiple bear closes past 15m bulls in this pullback structure. I took a risk, in my mind, with the best probability to succeed out of all the pairs I was looking at this morning.
Short
by ShrewdCatfx
EUR/USD short to go retest low of the day 2/17/20I took this short because I was stalking EUR/USD and waiting for a pullback with a favorable 15m close, my setup. But there was no clear 15m low to go retest. Only a wick to fill on 15m in bearish HTF momentum. I Placed this trade about 30m after the first trade. I forced this setup, trying to do too much. In trading, in my humble opinion less is actually more. Even though we ended up filling the 15m wick, The probability of this trade working out was lower than my first trade since there was no clear Low to retest. I stopped out early, -.65R
Short
by ShrewdCatfx
ZCASH forming double bottom! Prepare for launch! We started monitoring this asset as soon as it entered the horizontal channel and this was accompanied by the increased volume. The price formation is now looking like a double bottom and the following evidence supporting that: 1) We broke the 50 daily MA line 2) A steady increase in the volume after the second bottom and the current bar is above the 20 MA 3) A steady increase in RSI while the price was forming the double bottom pattern To make an accurate entry we are waiting for the following: 1) Break the resistance of the most recent pick at $32.92 with good volume 2) Re-check this level as a support. Preliminary setup: Entry: 33.00 Take Profit: 39.95 Stop Loss: 30.23 Previous Post +20.97% The analysis is done by Wunderbit Trading For Weekly market reviews join our YouTube Channel: YouTube
Long
by Deobald
1
BTC (Bitcoin) struggles to find its direction.Bitcoin was quite volatile on Thursday, October 31 and was trading in the $9,444 - $8,958 range. Surprisingly, we saw almost no change in price as it only lost a few dollars to stop at $9,148. The coin was 11 percent up in October and successfully formed its first green candle on the monthly chart since June. Bulls reminded for themselves on Friday, November 1 and the BTC/USD pair climbed up to $9,246. The move was followed by another winning session on Saturday, November 2 when the most popular digital currency closed at $9,305. On Sunday, November 3 bitcoin made another step-down and closed the day and week at $9,204, with 3.4 percent of loses for the 7-day period. No change in BTC behavior as it is still ranging in the $9,500-$9,000 zone. I think we can expect a drop below $9,000 in the coming days.
BITSTAMP:BTCUSD
by FutureBlockchain
1
Bitcoin (BTC) bulls in an attempt to hold $9,000 Bitcoin formed its third consecutive green candle on the daily chart on Sunday, October 27 and moved up to $9,550 closing the 7-day period with a 16.5 percent of increase. The BTC/USD pair opened the new trading period on Monday, October 28 with a slight correction. It erased 3.4 percent of the total capitalization and dropped to $9,222 even though bulls were able to push the price up to $9,946 during intraday. On Tuesday, October 29, the coin recovered for the loses registered during the previous session and closed at $9,420. It was already obvious that neither bulls nor bears were able to for a definitive trend and the levels near $9,000 will be crucial for the mid-term. The mid-week session on October 30 was no different as sellers temporarily took over control and brought the most popular cryptocurrency back down to $9,154. This time, however, they were able to briefly break below the $9,000 support. Holding $9,000 and then moving up to mid-$9,000s will be crucial for the mid-term move. Bears, on the other hand, will be looking to push below the mentioned support and revive downtrend. To me, it looks like we can expect another drop to $8,400 in the next weeks if no sudden spike in volume is observed.
BITSTAMP:BTCUSDShort
by FutureBlockchain
Bitcoin planning to make one final serious move.If you like my analysis dont forget to hit the like button. Typical 4Hr Bitcoin Chart. $BTC price is respecting quiet nicely the blue triangle, apart from this its following the trendline (red) drawn at bottom acting as 1st support before price might tests triangle base (blue color)if red support fails. Its a descending triangle bearish, btc might jump bit above triangle to trap longs IMO, but if it stays above red support trend line, i'm bullish as its making higher lows, if it breaks red support I'll be bearish and open short. Checking on fibonacci scale, btc is playing with fib 23.6 making lower highs. If things goes out of box and breaks triangle upwards, 1st target will be 10500, 10900 and will test 11241 in no time. If it breaks down 9846, this time we will be back in time.
BITMEX:BTCUSD.P
by open4profit
4
Bitcoin Prices slide as Bart Simpson rears his headIt has come to reports that the prices of Bitcoin have descended below $11,500 this Wednesday. The pattern has taken the shape of the fictional character Bart Simpson's head. The predominant cryptocurrency had gone past $12000 but there was an abrupt descend only hours later from that. It rose high to $12,145 and slid down to $11,438 in that very afternoon. The unwelcoming pattern of Bart's head, as so it has been named after the fictional character, Bart Simpson. It has, consequently, driven the crypto market to decay. The crypto industry had to incur a severe market sell-off. It is learned that newly-published research has affirmed that Bitcoin and crypto-currencies have led to the formation of an inverse correlation with the S&P 500. Nevertheless, it is also being noticed that both stock and crypto markets are in risk now. Bitcoin has come down by 0.55%. the Dow Jones industrial average loses 0.53% and the S and P sliding 0.31% for the day. The profits, it is learned, were to relinquish them in a vicious sell-off only hours later to the gains. Structure of Bart's head wrecks havoc on the crypto domain Bitcoin had to suffer a huge loss by the unwelcoming Bart Simpson technical pattern. This pattern is consistently unwelcoming because the price spikes trade sideways and then swerve low to the point of collapse which is its original level. It has been named the "Bart" formation by the armchair traders as the pattern of lines are reminiscent of the head of Bart Simpson which is analogously spiked. This is a very rare occasion for the crypto traders but whenever it rears it's head then it is because there are manipulators striving to exploit the market at the expense of retail traders. This pattern is heavily detrimental to the crypto market and hence intimidating to the operators of the market. The crypto market is operated under strict vigils and therefore, such forebodings are hard to sense and fortunately rare for this very reason. However, the stalwartz associated with the industry are devising ways to have riddance of such havocs, keeping in mind that no more losses or taints are caused to the market. It is also learned that preventive measures would be taken so that they can out-maneuver every kind of prospective threats. Speculatively, the security on technological terms would be strengthened even more. News Source: TheCoinRepublic
BITFINEX:BTCUSD
by TheCoinRepublic
1