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Bitcoin Price Analysis: BTC/USD Bulls Keep Charging to Upside Targets
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Bitcoin Price Analysis: BTC/USD Bulls Keep Charging to Upside Targets

  #1 (permalink)
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Bitcoin Price Analysis: BTC/USD Bulls Keep Charging to Upside Targets

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Bitcoin is gaining momentum after a strong bounce off the rising channel support visible on the 1-hour chart. Price has climbed past the first two Fibonacci extension levels and could be looking to test the swing high next.

This is in line with the 61.8% Fibonacci extension level at $4,125. The channel resistance is closer to the 78.6% level at $4,177 and the full extension is at $4,242.3. However, 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, there’s still a chance that bearish momentum could stay on.

Then again, the gap between the moving averages is narrowing to signal weakening selling pressure and a potential bullish crossover. If so, more buyers could be encouraged to jump in and sustain the climb. A break past the channel resistance could spur a steeper climb for Bitcoin.

RSI is heading lower from the overbought zone to signal that selling pressure is just about to pick up. Similarly stochastic has just recently turned lower from the overbought zone and has plenty of ground to cover before reaching the oversold region, which suggests that sellers could stay in the game for much longer. In that case, another test of the channel bottom around $4,000 could be underway, and a break below this might still spur a reversal.

The strong rebound off the $4,000 key area of interest seems to have been enough to revive confidence in the coin, as well as other cryptocurrencies. Many are still predicting that Bitcoin could reach as high as $5,500 in May when more developments kick in and central banks are rumored to be stocking up on digital assets as well.

However, this move seems to have been accompanied by low volumes and no actual industry developments, so profit-taking could be as quick as in previous instances.

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  #2 (permalink)
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Ripple (XRP) Price Analysis: Further Gains Seem Likely

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Ripple price corrected lower after trading as high as $0.3168 against the US dollar.
The price traded below the $0.3100 level, but the $0.3070 level acted as a decent support.
There was a break above a key bearish trend line with resistance at $0.3080 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to accelerate gains once bulls clear the $0.3120 resistance level in the near term.
Ripple price remained well bids on the downside against the US Dollar and bitcoin. XRP/USD is climbing higher and it could accelerate once again towards the $0.3150 and $0.3165 levels.

Ripple Price Analysis

This past week, we saw a solid upward move above the $0.3100 resistance in ripple price against the US Dollar. The XRP/USD pair even broke the $0.3150 resistance and settled well above the 100 hourly simple moving average. The price traded as high as $0.3168 and later it started a downside correction. Sellers pushed the price below the $0.3120 and $0.3100 levels. However, the price found a strong support near the $0.3070 level and the 100 hourly simple moving average.

A swing low was formed at $0.3070 and recently the price climbed higher once again. It broke the 23.6% Fib retracement level of the last decline from the $0.3168 high to $0.3070 low. Moreover, there was a break above a key bearish trend line with resistance at $0.3080 on the hourly chart of the XRP/USD pair. The pair is now trading nicely above the $0.3080 level and the 100 hourly SMA. On the upside, an immediate resistance is near the $0.3120 level.

Besides, the 50% Fib retracement level of the last decline from the $0.3168 high to $0.3070 low is also near $0.3120. Therefore, the price might struggle to clear the $0.3120 resistance area. If bulls succeed in gaining strength above the $0.3120 resistance, the price could retest the $0.3150 resistance. Any further gains will most likely increase the chances of a move towards the $0.3200 barrier.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is trading nicely above the $0.3070 support and the 100 hourly SMA. Should sellers clear the $0.3070 support, there could be a downside extension. The next key support is near the $0.3030 level, where buyers are likely to emerge. Therefore, the $0.3070 support holds the key for more gains above the $0.3100 and $0.3120 resistance levels in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level, with a positive bias.

Major Support Levels – $0.3080, $0.3070 and $0.3030.

Major Resistance Levels – $0.3100, $0.3120 and $0.3150.

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Bitcoin price settled above the key $5,000 hurdle and tested the $5,240 resistance ag


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Bitcoin price settled above the key $5,000 hurdle and tested the $5,240 resistance against the US Dollar.

The price faced a strong selling interest near the main technical barrier at $5,240-5,260.
There is a major connecting bullish trend line formed with support near $4,200 on the daily chart of the BTC/USD pair (data feed from Kraken).

The pair corrected recently, but it is likely to make another breakout attempt above $5,240.
Bitcoin price started a massive bull-run above the $4,500 and $5,000 resistances against the US Dollar. BTC is currently struggling near the $5,240 resistance, but more upsides seems possible.

Bitcoin Price Analysis

In the past two days, we saw a nasty upward move above the $4,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair even climbed above the $5,000 resistance and settled well above the 100-day simple moving average. During the recent rise, there was a break above a couple of important resistances near the $4,000 and $4,200 levels (green area). It opened the doors for a sharp rally above the $4,800 and $5,000 levels.

More importantly, there was a break above the 50% Fib retracement level of the last significant drop from the $6,559 high to $3,122 low. The price settled above the $5,000 resistance area and recently tested the next major hurdle near $5,240-5,260. It represents the previous swing low near $5,250 (red line). Besides, the 61.8% Fib retracement level of the last significant drop from the $6,559 high to $3,122 low is also near the $5,240 level. Therefore, the recent downside correction was from a crucial technical resistance near $5,250.

Having said that, downsides are likely to be limited since there are many supports near $5,000, $4,900 and $4,840. If there is an extended correction, the price could test the $4,600 or $4,550 support. There is also a major connecting bullish trend line formed with support near $4,200 on the daily chart of the BTC/USD pair. The main support is near the previous breakout area near the $4,200 level.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price clearly moved into a strong uptrend above $5,000. It is currently facing a crucial resistance near $5,240, above which there are chances of more upsides towards the $5,500 or $5,750 level. The final stop for buyers could be $6,000 if there is a proper follow through above $5,500. On the downside, buyers are likely to remain active near $4,840 or $4,600 in the near term.

Technical indicators:

Daily MACD – The MACD is placed heavily in the bullish zone.

Daily RSI (Relative Strength Index) – The RSI for BTC/USD climbed above the 80 level and currently flat near 87.

Major Support Levels – $4,840 followed by $4,600.: Pcguru:

Major Resistance Levels – $5,250, $5,500 and $5,750.:заниматься боксом:

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Ripple (XRP) Price Holding Crucial Support & Likely To Bounce Back

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Ripple price climbed sharply and tested the $0.3750 resistance before correcting lower against the US dollar.
The price corrected below the $0.3600 and $0.3480 support before buyers appeared near $0.3280.
Yesterday’s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair must stay above the $0.3300 support and the 100 hourly SMA to bounce back.
Ripple price corrected lower sharply after a strong rise against the US Dollar and bitcoin. XRP tested a crucial support area and it remains well bid on the downside above $0.3300.

Ripple Price Analysis

There was a strong upward move above the $0.3480 resistance in ripple price against the US Dollar. The XRP/USD pair surged above the $0.3500 and $0.3600 resistance levels. The price traded close to the $0.3750 resistance and settled well above the 100 hourly simple moving average. Later, there was a downside correction, but the $0.3480 support acted as a buy zone. There was a fresh increase, but the price failed again near the $0.3750 resistance area.
As a result, there was a sharp decline below the $0.3600 and $0.3480 support level. Moreover, yesterday’s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP/USD pair. The decline was such that the price even spiked below the $0.3400 level. It tested the $0.3280 support area and the 100 hourly simple moving average. A strong buying interest emerged near $0.3280, resulting in a rebound above $0.3400. The price broke the 23.6% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low.
However, the previous key support near $0.3480 is currently acting as a strong resistance. The next key resistance is near the $0.3500-0.3510 area. Besides, the 50% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low is also near the $0.3510 level. Therefore, a break above the $0.3510 level is needed for buyers to regain control in the near term.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price could decline once again towards the $0.3300 support and the 100 hourly SMA. However, downsides could be contained as the price is likely to bounce back as long as it is above $0.3280 and the 100 hourly SMA. If there is a close below the 100 hourly SMA, the price might slide back towards the $0.3000 support area.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD declined sharply below the 50 level and it is currently near 40.

Major Support Levels – $0.3320, $0.3300 and $0.3280.
Major Resistance Levels – $0.3480, $0.3500 and $0.3510.

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Ripple (XRP) Price Could Soon Follow BTC and ETH Higher, Targets $0.40

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Ripple price is trading in a positive zone above the $0.3500 support area against the US dollar.
Bitcoin and Ethereum climbed higher recently above the $5,200 and $180 levels respectively.
There was a break above a short-term contracting triangle with resistance near $0.3620 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair must clear the $0.3750 resistance to climb towards the $0.3850 and $0.4000 resistances.
Ripple price is placed nicely for more gains against the US Dollar and bitcoin. XRP might sooner or later break the $0.3750 resistance to start a solid rise towards the $0.4000 level.

Ripple Price Analysis

After a downside correction, ripple price found support near the $0.3250 level against the US Dollar. The XRP/USD pair started a fresh rise and traded above the $0.3380 and $0.3400 resistance levels. Later, there was a close above the $0.3500 level and the 100 hourly simple moving average. A swing high was formed at $0.3791 before the price corrected once again. It declined below the $0.3600 level and the 50% Fib retracement level of the last wave from the $0.3258 low to $0.3791 high.

However, the $0.3500 level acted as a solid support along with the 100 hourly SMA. Besides, the 61.8% Fib retracement level of the last wave from the $0.3258 low to $0.3791 high also acted as a support. The price is currently moving higher and is placed above the $0.3600 level. Moreover, there was a break above a short-term contracting triangle with resistance near $0.3620 on the hourly chart of the XRP/USD pair. The pair tested the $0.3700 level and it is currently signaling more gains.

On the upside, the main resistance is near the $0.3750 and $0.3780 levels. A successful close above the $0.3750 level is likely to open the doors for more gains above the $0.3850 resistance. The next main hurdle for buyers is near the $0.4000 level, where sellers are likely to appear.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is clearly trading in a bullish zone above the $0.3600 and $0.3550 support levels. Therefore, if there is a fresh downside correction, buyers are likely to protect $0.3550 and the 100 hourly SMA. On the upside, sellers need to keep an eye on $0.3750 and $0.3780. A successful follow through above $0.3780 and $0.3800 is likely to push the price towards the $0.3850, $0.3900 or even $0.4000.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is placed nicely in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level.

Major Support Levels – $0.3600, $0.3550 and $0.3520.

Major Resistance Levels – $0.3700, $0.3750 and $0.3780

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Ethereum (ETH) Price Hesitates But Further Gains Seem Likely

https://www.newsbtc.com/wp-content/uploads/2019/04/Ethereum-7.png

ETH price traded to a new 2019 high near $188 and recently corrected lower against the US Dollar.
The price corrected below the $180 level and tested the key $174-175 support area.
There is a major bullish trend line in place with support at $174 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains supported on dips and it is likely to test the $188 or even $190 level in the near term.
Ethereum price remained well bid on the downside versus the US Dollar and bitcoin. ETH corrected lower recently, but it found a strong support near the $174-175 area.

Ethereum Price Analysis

Yesterday, we saw a fresh increase above the $180 resistance in Ethereum price against the US Dollar. The ETH/USD pair traded above the $185 level and tested the $188 level. The pair struggled to retain the bullish momentum and later corrected below the $185 level. There was a break below the $180 level and the 50% Fib retracement level of the last wave from the $165 low to $188 high. There was even a spike below the $175 level, but the $174 level acted as a strong support.

Besides, the 61.8% Fib retracement level of the last wave from the $165 low to $188 high acted as a support. The price bounced back and traded above the $176 and $178 levels. It even spiked above the $180 level, but the $183 level prevented gains. It seems like there is a connecting bearish trend line in place with resistance near $182 on the hourly chart of ETH/USD, which is acting as a hurdle. A clear break above the trend line and $184 might open the doors for more gains.

The next key resistance is near the $188 level, above which the price is likely to test the $190 level. On the downside, there is a strong support formed near $174 and $175. There is also a major bullish trend line in place with support at $174 on the same chart. The trend line support near $174 also coincides with the 100 hourly simple moving average.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price seems to be trading above a couple of important supports near $174. As long as the price stay above $174 and the 100 hourly SMA, it is likely to bounce back towards $184 and $188. There are even chances of a break above the $190 level.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to move back into the bullish zone.

Hourly RSI – The RSI for ETH/USD declined recently and tested the key 50 level.

Major Support Level – $174

Major Resistance Level – $182

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Bitcoin (BTC) Bulls Take Back Seat, $4,850 Holds The Key

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Bitcoin price started a major downward move after it failed to stay above $5,150 against the US Dollar.
The price declined below the $5,080 and $5,000 support levels to enter a short term bearish trend.
There is a key declining channel in place with resistance at $5,040 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline further towards the main support near $4,850, where bulls could take a stand.
Bitcoin price failed to hold the key $5,220 and $5,150 supports against the US Dollar. BTC even dipped below $5,000 and it may continue to slide towards the key $4,850 support area.

Bitcoin Price Analysis

Recently, there was a bearish reaction below the $5,350 support in bitcoin price against the US Dollar. The BTC/USD pair started a major downward move after sellers managed to push the price below the $5,220 and $5,150 support levels. It opened the doors for more losses, with a close below $5,150 and the 100 hourly simple moving average. The price even broke the $5,000 support area and traded close to the $4,920 support area.

A swing low was formed at $4,922 and the price is currently consolidating losses. It tested the 23.6% Fib retracement level of the recent drop from the $5,463 high to $4,922 low. There is also a key declining channel in place with resistance at $5,040 on the hourly chart of the BTC/USD pair. The pair could spike above the $5,040 and $5,050 levels. However, upsides are likely to be contained near the $5,080 and $5,100 levels. The main resistance is near the $5,150 level, above which bitcoin price could test the 50% Fib retracement level of the recent drop from the $5,463 high to $4,922 low.

The current price action is suggesting more losses below the $4,920 support level. The next main support is at $4,850, which was a resistance earlier. Bulls are likely to take a stand near $4,850. If they fail to protect $4,850, the price could test the $4,720 support.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price clearly struggled in the past two sessions and settled below the $5,150 support. In the short term, there could be an upside correction, but upsides are likely to be capped near $5,080 or $5,100. Therefore, there are chances of another downside push below $4,920 before bulls appear near the $4,850 support area.

Technical indicators:

Hourly MACD – The MACD is showing negative signs in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recovered recently from 30 and it is currently near the 40 level.

Major Support Levels – $4,920 followed by $4,850. : Crazy_pilot:

Major Resistance Levels – $5,040, $5,080 and $5,150.:заниматься боксом:

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Ripple (XRP) Price Could Retest $0.3000 Before Fresh Upside

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Ripple price failed near the $0.3370 level and declined below the $0.3250 support against the US dollar.
The price traded to a new weekly low at $0.3134 and remains at a risk of more losses in the short term.
There is a major bearish trend line formed with resistance near $0.3285 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could extend the current decline and it may even revisit the key $0.3000 support area.
Ripple price failed to gain bullish momentum against the US Dollar and bitcoin. XRP declined below $0.3220 and it may continue to decline towards $0.3000 before completing a correction.

Ripple Price Analysis

Yesterday, we saw a strong buying interest above $0.3200 and ripple price recovered above $0.3280 against the US Dollar. The XRP/USD pair even broke the $0.3350 level, but it failed to clear the $0.3370 level. It seems like the price struggled to settle above the $0.3350 level and the 100 hourly simple moving average. As a result, there was a fresh decline below $0.3280 and $0.3250. The price even broke the $0.3220 and $0.3200 support levels. A new weekly low was formed at $0.3134 and the price settled well below the 100 hourly simple moving average.

At the moment, the price is correcting higher above $0.3150. It broke the 23.6% Fib retracement level of the recent decline from the $0.3326 high to $0.3134 low. However, there are many resistances on the upside, starting with $0.3220 and $0.3230. The 50% Fib retracement level of the recent decline from the $0.3326 high to $0.3134 low is also near $0.3230. Above $0.3230, the 100 hourly SMA could prevent gains above $0.3250. There is also a major bearish trend line formed with resistance near $0.3285 on the hourly chart of the XRP/USD pair.

Therefore, the price is likely to struggle between $0.3250 and $0.3280 in the short term. If bulls fail to surpass the trend line and $0.3300, there are chances of a fresh decline. An initial support is near the recent low at $0.3130, below which the price may revisit the $0.3100 level. However, the main support is at $0.3000, where buyers are likely to appear.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is showing bearish signs below the $0.3250 and $0.3280 levels. A clear break and close above $0.3300 is needed for a change in trend to bullish in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD might move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recovered recently from 25 and it is currently at 40.
Major Support Levels – $0.3130, $0.3100 and $0.3000. *
Major Resistance Levels – $0.3250, $0.3280 and $0.3300. *

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Bitcoin (BTC) Price Hesitates But More Upsides Seem Likely

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There was a slow and steady rise in bitcoin after it tested the $4,920 area against the US Dollar.
The price climbed higher steadily and broke the $5,200 resistance area to move into a positive zone.
There is a key ascending channel in place with support at $5,270 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could dip in the short term, but buyers are likely to buy heavily near $5,270 or $5,250.
Bitcoin price is showing positive signs above the $5,200 pivot level against the US Dollar. BTC could accelerate higher once it clears the $5,400 resistance area in the near term.

Bitcoin Price Weekly Analysis (BTC)

This past week, there was a downside extension below the $5,000 level in bitcoin price against the US Dollar. The BTC/USD pair traded below the $4,950 level before buyers took a stand above the $4,920 level. A swing low was formed at $4,922 and later the price started consolidating in a range. Finally, there was a fresh increase above the $5,160 resistance and the 100 simple moving average (4-hours). The price broke the $5,200 level and the 50% Fib retracement level of the last slide from the $5,462 high to $4,922 low.

The recent upward move was positive since there was a close above the $5,200 and $5,250 levels. However, the price seems to be struggling near the $5,350 resistance. There was also no close above the 76.4% Fib retracement level of the last slide from the $5,462 high to $4,922 low. A successful close above the $5,350 level may perhaps open the doors for more upsides above the $5,400 and $5,450 levels. A break above the last high near $5,462 could trigger a strong upward move towards $5,600 or $5,800.

On the downside, there is a decent support formed above $5,270. There is also a key ascending channel in place with support at $5,270 on the 4-hours chart of the BTC/USD pair. If there is a break below the channel support at $5,270, the price could test the $5,160 support level and the 100 simple moving average (4-hours).

Bitcoin Price Weekly Analysis BTC Chart

Looking at the chart, bitcoin price is trading nicely above key supports near $5,200. If there is a short term downside correction, buyers are likely to protect $5,270 or $5,200. Only a daily close below $5,160 could put buyers on the back foot. The next key support is at $5,040, followed by the $4,922 swing low.

Technical indicators

4 hours MACD – The MACD for BTC/USD is slightly placed in a bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is slowly moving lower towards the 50 level.
Major Support Level – $5,160
Major Resistance Level – $5,400

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The more I follow crypto the more obvious it is that Tether is used to try to ignite some kind of exponential process.

Tether seems to basically try to act like the Fed did post financial crisis.

Like QE, it should also become less effective the more and more it is used.

I would be much more interested in crypto trading if it wasn't for this. At least the Fed signals their intentions.

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