Bitcoin, Crypto currency, Blockchain

Bitcoin, Ethereum and Ripple – rate analysis KW35 – short-term bottom formation completed

f83bb9f3d4777e152a358546450a99a9 - Bitcoin, Ethereum and Ripple – rate analysis KW35 – short-term bottom formation completed

The Top 3 of the crypto market can continue its recovery to continue. The minimum condition for return is fulfilled. The current level of the Bitcoin rate and the rates of Ethereum and Ripple is now in need of strength, to enable higher goals.

Bitcoin (BTC/USD)

The 6,000-US-Dollar-brand has established itself. The Bitcoin price has formed another deeply. In particular, in the last two days of unique strength has been proven. The presented “Long Setup” is still running. With the current upward movement of the Bitcoin has a course to run under the edge of the cloud of the Ichimoku-Kinko-Hyo-indicator. The short-term upward trend has been recaptured, and the medium-term downward trend is away from the table. The moving averages have not been treated in this way still on the bullish version.

Bullish Version:

 

With the breakthrough of the medium-term downtrend further connection follow purchases. The short-term upward trend is quite steep, but can be kept in the best case, again and again, or to be used, by the upward movement of the Bitcoin speed up the course.

The cloud of Ichimoku-Kinko-Hyo-indicator, with rates of over 7,400 US Dollar over a decreasing trend. The next destination from the Bitcoin price is 7.700 US dollars. Significant course to enable increases over the 8,000-US-Dollar mark the following objectives:

  1. 9.261 US Dollar
  2. 9.726 US Dollar
  3. 11.540 US Dollar

Bearish Version:

The soil formation has been good for a 21-percent rate increase. This represents a return to the higher-level downward movement. The price of Bitcoin slips back under the short-term upward trend. The medium-term downward trend, although for a short stabilization good, but it will also leave down. The 6,000-US-Dollar mark will once again fought hard. The 5.877 US Dollar, breaking the course will be activated goal at 5.428 US Dollar. Buyers in the market, don’t come here enough the 5,000-US-Dollar-brand.

Ethereum

Ethereum can withdraw from the total return in the crypto market literally. The course is still under considerable pressure and can’t assert himself to the top. In the case of a “weak Coin” one should be especially careful. The correction is in the next Phase, will Ethereum are particularly strong including. The moving averages can here be no doubt: The “Short Setup” is still in full swing. The cloud of Ichimoku-Kinko-Hyo-indicator is still very far away. 160 U.S. dollars must first be accomplished.

Bullish Version:

Ethereum starts soon. Courses about 241 US dollars to serve as a Long-positioning. About 365 US dollars, the floor is complete education. The short-term Downtrend is overcome with rates over 450 US-Dollar – trend – catching -. This course also high on the cloud of the Ichimoku Kinko Hyo is outbid indicator. On the 470-US-Dollar-brand the target price to 629 dollars.

By means of a rate increase of about 684 US dollars, the following objectives will be enabled:

  1. 897 US dollars
  2. 1.021 dollars

Bearish Version:

The marked weakness of recent days will continue significantly in the case of Ethereum. The already now displayable lack of buying interest suggests lower rates. The current sideways movement is left-to-bottom, and with the collapse of the 241 U.S. dollars, the next course will run low at 196 US dollars.

Ripple (XRP/USD)

With Ripple, you could now take almost 47 percent of book profit, if one has followed the analysis. The 0,24-US-Dollar-brand has confidently held. By the current rate of movement Ripple has reached a point of landing at the short-term downward trend. Here of course comes back only once. The cloud of Ichimoku-Kinko-Hyo-indicator, now runs in the range to $ 0.43. The moving averages are on the verge of confirm the short-term upward movement, and thus a mixed picture.

Bullish Version:

The short-term downward trend currently at the height of the current course – is broken. With an increase of about $ 0.45, the 23.6 percent Fibonacci overcome Retracement. The cloud of the Ichimoku Kinko Hyo indicator has now been exceeded, with rates about $ 0.43. This is a further buy signal triggers, which drives the price on 0,67 dollars.

About $ 0.75 to be significantly activated a higher course objectives:

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

Bearish Version:

The short-term down trend and can not be overcome. Courses under $ 0.31 negate the short-term soil formation. Below 0.21 US dollars a course is activated the target at 0.15 US dollars.

Conclusion:

All of the current “Long setup” should be well secured. The Bitcoin exchange rate, from the Ethereum course, and from the Ripple-course look. Noteworthy is the significant weakness in the case of Ethereum. It is precisely here that one should be more cautious. For further upside potential must be fulfilled, the conditions in the analyses. Anyone who is reading here from the beginning, but can draw confidently the Stop Loss in the profit and the Bustle, because the realised book profit is clearly. At the current rate, without the fulfillment of a condition of “pure slip”, however, should be avoided.

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 14:40 on 22. August created. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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