unexpectedly fell under the support at 50500/50000 and our purchase opportunity at 46400/46000.
A surprising crash of 10,000 PIP (20%) leaves a dramatic bull trap, with longs from the past 20 days may be faced with losses.
unexpectedly crashed back to 2-week low, which nailed 40% of the 6-week profits.
unexpectedly crashed back to 4-week lowest, which nailed 40% of the 6-week profits.
today's analysis
The massive bear-in-minded candle from Bitcoin on the daily and weekly chart signals further potential losses. A classic bull trap. Holding under 47500/47000 strives for 46000. Holding under the 200-day gliding average of 46,000 today is a more negative goal 45300/100, maybe even 44300/44000. Other losses test yesterday's low at 43000/42900, but I would not put it again today. A breakthrough downwards only aims at minor support at 41500/100. A break under 40000 is the next sales signal.
keeping over the sliding 200-day average at 46000 gives the bulls hope at short notice, but there will probably be many long positions that are looking for a shock to minimize losses. First resistance at 47200/400. We should find it difficult to surpass this level, but further increase in 49000/500 on resistance.
ripple also has an important bear-gathering candle (albeit less serious than Bitcoin). Longs from last week can be confronted with losses. Holding under 11170/11340 risks a renewed test of yesterday's low at 10550/10250. There is a good chance that this will not last today. Another loss goal 9700/9650. If we go down further, we are looking for 9050/30, maybe until the strong support at 8600/8550.
bulls need courses over 11750, but expect a strong resistance at 12000/12100 and again at 12550/12650.
First resistance at 3480/3500. This keeps the first support here at 3410/00. Below 3350/20, further losses up to 3270/50, perhaps until the second support at 3150/3050. A breakthrough below 3000 should be a sales signal that originally targets 2890/50. Expect strong support at 2650/2600, but longs need stops under 2500.
Liability exclusion : no assurance or guarantee is given regarding the correctness or completeness of this information and opinions can be changed without prior notice. The estimates and forecasts presented herein are based on assumptions that may not be correct or are realized in other ways. All reports and information serve exclusively for information purposes and neither the information contained here nor an expressed opinion represent an offer or request to submit an offer, to buy or sell securities or options, futures or other relatives derivatives.
Suche
Mein Konto
