Bitcoin, Crypto currency, Blockchain

Bitcoin, Ethereum and Ripple – rate analysis KW33 – stabilization or a flash in the pan?

The above price targets on the bottom have been reached. Since yesterday, a bullish return runs in various Coins. Kann at this level, a stabilization succeed, or is it only a breath, for a new Low?

In order to give an Overview of the Top 3, here are the developments of Bitcoin, Ethereum and XRP price will be presented. We also take, if possible, on prior rate analysis and look at what has happened since then.

BTC (BTC/USD)

 The last week presented “Bearish variant” went on. Bitcoin has reached its price target on the bottom at 6,000 US dollars. The condition from the last analysis was as follows, inter alia:

“By the break of the short-term upward trends in the since weeks announced course is run target at 6,000 US dollars. Under 5.877 US Dollar losses rate up to 5.428 dollars.“

The Low was marked at 5.878 to the U.S. Dollar. The condition for a further price target on the bottom was therefore not met. A Point Landing. The ongoing recovery brings yet 10 % on. So far, the price of the Bitcoin is still under the short-term uptrend and the cloud of the Ichimoku Kinko Hyo indicator. Is outbid, the short-term downward trend, currently at 6,800 US dollars and rising – is this a confirmation of the bottoming out. Various moving averages have not yet rotated, and confirm so far is a “Short Setup”.

Bullish Version:

The short-term upward trend will soon be back, Robert. Courses above the US $ 7,000 associated with the fraction of the medium-term downward trends. Also, is outbid by means of such courses, the cloud of the Ichimoku Kinko Hyo indicator. At 7.357 US Dollar, the 38.2 % Fibonacci Retracement is located. In the case of the persistent strength of the course must be hoisted as soon as possible on the upper edge of the resistance area. This is 7.961 US Dollar. Only then are the major course objectives are active:

  1. 9.261 US Dollar
  2. 9.726 US Dollar
  3. 10.540 US Dollar

Bearish Version:

The soil formation fails. Since yesterday, the current price increases are only there to generate lower rates. The course goes under the 5.877 US Dollar and as a result, the course will be activated goal at 5.824 US Dollar. It is even significantly lower than this target price, and threatens a return to the $ 5,000 mark.

Ethereum

In the case of Ethereum as the presented Bearish variant has unfolded in full effect. The price target on the bottom was also fulfilled here.

“Ethereum continues to show significant weakness, and the 338 dollars will be undercut. By this movement, the course will be activated goal at 241 US dollars.“

Here, even the timing of the announcement has arrows by means of a Forecast fully applied. The sell signal was already attested in the case of courses under 405 US dollars. The cloud of the Ichimoku Kinko Hyo indicator has once again shown what can happen when significant weakness is present in a Coin.

Bullish Version:

Ethereum can now show in the area of the 241 US Dollar strength. The course is not a new Low. Courses will be about 365 US dollars, the ground of education to confirm. The 405 U.S. Dollar, previously considered a sell signal, can be overcome. The short-term downward trend, currently at 475 US Dollar bearish – caps the rates only temporarily. Courses 477 US Dollar exchange rate confirm increases by means of the indicator. Here is the cloud of the Ichimoku Kinko Hyo indicator is outbid. The target on the upper side is then located at 624 US dollars.

Significantly higher rate, a significant Exceeding of the 684 US Dollar is goals. Only then will the following objectives be enabled:

  1. 897 US dollars
  2. 1.021 dollars

Bearish Version:

The significant weakness in the case of Ethereum is continuing. The soil formation is undone, and with exchange rates, 241 U.S. Dollar, a further course will be activated goal on the bottom at 196 US dollars.

Ripple (XRP/USD)

Since then, in the case of Ripple, our “Initial sell signal” is triggered, knows Ripple only direction is down. With the fulfilled condition for the Bearish variant 45% loss Rate came close. The downward movement started by the rupture of various upward trend, more and more travel.

“Ripple is losing more and the target price is reached on the bottom at 0.30 US dollars. This brand is not sufficient for a recovery in prices, we are threatened with a loss Rate of 0.24 US Dollar.“

On the part of the analysis, everything went on here. Ripple is now again at a crossroads, and you pay attention to the indicators, further downward movement is more likely. The lower edge of the cloud of the Ichimoku Kinko Hyo indicator is now removed 76 % from the current rate happen. The moving averages still have enough air to course process increases. A raison d’être for a Bullish variant, but there are of course also in this Update.

Bullish Version:

With the Low at $ 0.25 a gradient was low Ripple achieved, which is set in. The $ 0.31 that were previously selling brand, be outbid. The short-term downward trend, currently standing at US $ 0.40 tendency falling – can lids the course. An increase of about $ 0.45 is accompanied by the clear break of the 23.6% Fibonacci Retracement. The upper edge of the cloud of the Ichimoku Kinko Hyo indicator is left behind, with rates of about $ 0.55.

To speak of a larger completed floor education requires courses on 0,75 dollars. This buy signal promises at the same time the following objectives:

  1. Of 0.93 US Dollar
  2. 1.15 US dollars
  3. US $ 1.37

Bearish Version:

Ripple is removed from a soil formation. The course of low – currently at 0.25 US Dollar is undercut. Rates below 0.21 US dollars the objective of the course to enable at 0.15 US dollars. This would correspond to re-rate losses of nearly 30 %.

Conclusion:

What’s going on currently in the crypto-currencies? The answer is, as so often in the Chart. The course objectives that have been set for weeks, have been met by means of the forecast and the associated conditions. All of the Top 3 Coins by market capitalization – run, this time in sync. All 3 have arrived at important brands, all of which can initiate further price increases. If this is not achieved will be re-enabled, the Bearish variations. Everything you can implement with the necessary strategy, even if you’re wrong. A healthy risk and money management is the A and O. is here

Disclaimer: The presented on this page, 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 at 09:45 on 15. August created. USD/EUR exchange rate on the cut-off: 0,88 euros.

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