Bitcoin BTC bottomed exactly at the downside target & key support level at 31100/3000. An easy 6000 pips on our shorts before the bounce to the first resistance level at 36200/36700.
A sell opportunity today at a price of 38000/38500 stop above 39000.
Bitcoin sell opportunity today at a price of 38000/38500 stop above 39000. A break higher is a buy signal for today targeting a price of 41000/41200, perhaps as far as 43000/43500.
Shorts at at 38000/38500 36500/200, perhaps as far as 34200/33500. The key support level at 31000/30000. A break lower is obviously a sell signal.
Ripple outlook negative if we hold below the price of 0.8830/0.9000, targeting 0.8050/30. Again expect very important 6 month trend line & 200 days moving average support level at 0.7040-0.6970. Longs need stops below the May low at 0.6500.
The strong resistance level at 0.8830/0.9000 but above here can target 0.9150 & further strong resistance at a price of 0.9300/9400. Shorts need stops above 0.9500.
Ethereum shorts at a strong resistance level at 2750/2800 worked hitting 2550/2500 & minor support at 2380/2350 this week. Gains are likely to be limited with the first resistance level at 2550/2650. Shorts need stops above 2700. A break higher however targets resistance level at 2850/2900. Shorts need stops above 2950.
Holding first resistance level at 2550/2650 re-targets 2380/2350. If we continue lower in the 3 week bear trend, look for 2140/30 before a price retest of important 61.8% Fibonacci support at 1728.
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