Bitcoin, Crypto currency, Blockchain

Bitcoin, Ethereum and Ripple – rate analysis KW41 – The tough sideways phase lasts

As there are no direction-setting decision in the case of the popular crypto-currencies. The sideways phase. The promising chart pattern has not yet been resolved.

BTC (BTC/USD)

The fluctuation of the Bitcoin exchange rate has reached a percentage point of view, a new low. This currently amounts to only US $ 300, or 5 percent. The holds downward trend. Currently, the strength is not enough, these to be approached. In the last three days of the Bitcoin came again to the edge of the cloud of the Ichimoku-Kinko-Hyo-indicator, and is bounced off it. Again, the moving averages in the daily chart divided and do not provide unambiguous Interpretation.

Bullish Version:

The area 5.877 up to 6.025 US Dollar can be defended. In the best case lower rate than 6,300 US dollars from already, and the Bitcoin on the upward trend. This currently runs at US $ 7,000 – tendency falling. With a price increase of this, the cloud of the Ichimoku Kinko Hyo is outbid indicator. Significantly higher level of relevance will have this breakout of the downward trend in the resolution of Formation. A breakout above the above-mentioned downward trend is associated with the resolution of the case, triangle. A non-compliant resolution has enormous potential and could lead Bitcoin to the 8,000-US-Dollar-brand. Further price increases to follow in case of a Exceed. The objectives are then:

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

Bearish Version:

The re-Hesitation of the Bitcoin at the lower edge of the cloud of the Kinko-Hyo-indicator has more impact and the 6000 US Dollar mark will be tested. This area can not be kept and falls of the Bitcoin under the 5.877 US dollars, resolved the case at the end of the triangle. This may initiate a significant price slide. The downward targets are:

  1. 5.428 US Dollar
  2. 4.872 US $
  3. 3.929 US Dollar
  4. 3,300 US dollars

and should not be achieved, if it is a false breakout, as soon as possible.

Ethereum

After Reaching the goal on the bottom of the US $ 180, the air is at the Ethereum-rate out. After the course of high of 255 US dollars Ethereum began again for the correction. Since then, the fluctuation width is negligible. The course is now immersed in the cloud of the Ichimoku-Kinko-Hyo-indicator. The moving averages is not meaningful in this “micro-movement”, at least from the point of view of the daily charts.

Bullish Version:

The ground around 167 US dollars can be maintained. By the increase of about 263 U.S. dollars, the confirmation of the bottoming out occurs. The indicators would confirm this increase. The objective of the course to the Crossing of 263 U.S. Dollar is still located at 338 US dollars. Already the increase in the price over 322 US dollars enough to the cloud of Ichimoku-Kinko-Hyo-beat indicator – tendency falling. An increase of about 366 US dollars enabled the target price of 405 dollars. The big buy signal is still very far, is mentioned for the sake of completeness however:

Increases in the price of 471 US dollars associated with an upward movement, with the aim of 624 dollars.

Bearish Version:

Ethereum again reached the short term bottom in the US $ 180. This is enough for a new small counter-movement, but may not be sustainable. Courses of 167 US dollars to solve the target price at US $ 129.

Ripple (XRP/USD)

The large upward movement at a Ripple rate for the time being to an end. 41 percent of the movement have already been sold. With the continuous correction of the Ripple is now in the important range between 0,43 and 0,46 dollars. As before, no end-of-day rates could be generated on the downward trend. This speaks not just for the “slip of the tongue” to the top. The supportive cloud of the Ichimoku-Kinko-Hyo-indicator, coming closer. But it is still a good 20 percent from the current rate. The moving averages sell signal to confirm.

Bullish Version:

Already 0,43 US-Dollar mark may be defended on the part of Ripple. The downward trend of 0.55 US Dollar – bearish – will be tested and broken. This should be able to wear Ripple short-term to the level of 0.67 US Dollar. A bigger buy signal comes about 0.75 to the US Dollar and the objectives of the course:

  1. 0.89 US Dollar
  2. 1.15 US dollars
  3. US $ 1.37

Bearish Version:

Ripple can’t keep to 0.44 US dollars. The relapse of this brand also triggers at the same time a sell signal by means of the 38,2% Fibonacci Retracement. So the entire can will find upward movement to an end, and it goes back to the breakout level. This is $ 0.31. Follow starting from here, further corrections to these goals:

  1. $ 0.24
  2. $ 0.15

Conclusion:

The news at the Top 3 Coins. The market is almost come to a Standstill. The case of the end triangle when Bitcoin hangs like a sword of Damocles over the market. So the next decision is made. In particular, the note: Protect your capital! If the resolution is carried, no longer can be generated an exceptionally high level of volatility, you know, in particular, from the current market behavior is almost.

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 08:00 on the 10. October created. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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