cryptohopper

cryptohopper

Key levels Short term Supports—> S1: 8600 & S2: 8000 Resistances—> R1: 9400 & R2: 10000 Medium term Supports—> S3: 7400 & S4: 6800 Resistances—> R3: 11000 & R4: 12200 Potential scenario During the last weeks, Bitcoin has been decreasing with a constant bearish micro trend , a downward trend with small ups and downs. Since the 37% pump that took place...

cryptohopper

Key levels Short term Supports—> S1: 0.25 & S2: 0.21 Resistances—> R1: 0.3 & R2: 0.38 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.47 & R4: 0.55 Potential scenario Ripple is an uptrend for over a month already Currently, it is hovering around R1 at 0.30. Breaking this level is crucial for a potential bull run, especially due to the...

cryptohopper

Key levels Short term Supports—> S1: 8,700 & S2: 8,000 Resistances—> R1: 9,400 & R2: 10,000 Medium term Supports—> S3: 7,400 & S4: 6,800 Resistances—> R3: 11,000 & R4: 12,200 Potential scenario Bitcoin increased by 28% last week in barely 24 hours after it made a 5 months minimum at $7,550. With this pump, Bitcoin let us know that, even after several...

cryptohopper

Key levels Short term Supports—> S1: 7,300 & S2: 6,800 Resistances—> R1: 7,750 & R2: 8,100 Medium term Supports—> S3: 6,600 & S4: 6,400 Resistances—> R3: 8,800 & R4: 9,400 Potential scenario Two days ago, Bitcoin made a very sharp move from $8,300 to $7,400 . Almost $1,000 in barely 12 hours. Bitcoin has been continuously making lower maximums since...

cryptohopper

Key levels Short term Supports—> S1: 167 & S2: 153 Resistances—> R1: 190 & R2: 195 Medium term Supports—> S3: 140 & S4: 133 Resistances—> R3: 200 & R4: 220 Potential scenario Ethereum , as most of the cryptocurrency market, is still undertaking a bearish trend that has been going on for almost 4 months. Currently, the price is hovering around R1 and...

cryptohopper

Key levels Short term Supports—> S1: 8,100 & S2: 7,700 Resistances—> R1: 8,800 & R2: 9,300 Medium term Supports—> S3: 7,300 & S4: 7,000 Resistances—> R3: 10,000 & R4: 11,000 Potential scenario Bitcoin is slightly recovering after a fall of 17% that drove the price down to $7,700. However, we must be careful with the latest increases. Very likely, the...

cryptohopper

Key levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.46 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.55 & R4: 0.60 Potential scenario At the end of September, XRP touched its lowest level since the 2017 bull run, $0.21. Even though it looked like the everlasting downtrend was coming to its end when...

cryptohopper

Potential scenario After more than three months, it happened. The descending triangle, broke downward . Bitcoin has been making decreasing maximums for three months, putting a lot of pressure in the support $9,300. It was very likely that we could have a bearish move, and now the largest cryptocurrency is being traded at $8,000. As the book of John J. Murphy...

cryptohopper

Key levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 11,000 & R2: 11,800 Medium term Supports—> S3: 8,800 & S4: 8,200 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario It has been almost three months since Bitcoin made its sixteen months high, and it is still trapped in a very bearish scenario. The Bitcoin price has been...

cryptohopper

Key levels Short term Supports—> S1: 20 & S2: 17 Resistances—> R1: 23 & R2: 24.5 Medium term Supports—> S3: 15 & S4: 11 Resistances—> R3: 30 & R4: 32 Potential scenario BNB has been undertaking a very significant retracement process since June, as most of the cryptocurrency market. During this process, it has already decreased by 50%. It was, along...

cryptohopper

Key levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 10,900 & R2: 11,700 Medium term Supports—> S3: 8,800 & S4: 8,000 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario As argued in past market analyses, Bitcoin has been forming a large triangle for the last 3 months . However, last week it broke its lower band to test S2 at...

cryptohopper

Key levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.47 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.57 & R4: 0.68 Potential scenario The chart shows us the XRP behaviour over the last year . It has ranged from a maximum of 0.79 to a recently reached minimum of 0.24. It is currently being held on S1...

cryptohopper Updated 

Another week and Bitcoin keeps forming this huge triangle that, very likely, will end with a very large breakout up or downwards. As we can see in our volatility indicator, the Cryptohopper ATR , volatility levels are very low, even lower than 1%. This surprisingly low volatility levels together with the huge triangle that is being formed for more than two...

cryptohopper

Key Levels Short term Supports -> S1: 9,900 & S2: 9,300 Resistances -> R1: 10,900 & R2: 11,700 Medium/long term Supports -> S3: 8,800 & S4: 8,000 Resistances -> R3: 12,300 & R4: 13,000 Potential Scenario Following up with last week´s analysis , the Bitcoin keeps bouncing on the lower line of the triangle that has been forming for 2 months...

cryptohopper

Key Levels Short term Supports -> S1: 9,900 & S2: 9,300 Resistances -> R1: 10,900 & R2: 11,700 Medium/long term Supports -> S3: 8,800 & S4: 8,000 Resistances -> R3: 12,300 & R4: 13,000 Potential Scenario Bitcoin has plunged down from $11,500 to $9,500 in barely 48 hours. A decrease of around 20% during the last week. As we can see in the chart,...

cryptohopper

Ripple , and most of the altcoins, have reached minimums precrisis levels. This can be interpreted as a pull-back to the resistance that has been flipped to a support. Therefore, suggesting that we might the seeing XRP price bouncing back up. However, the price has been putting a lot of pressure in the support at 0.26 for more than a year already. This pattern...

cryptohopper

Key Levels Short term Supports -> S1: 11,800 & S2: 10,850 Resistances -> R1: 12,300 & R2: 13,000 Medium/long term Supports -> S3: 9,900 & S4: 9,400 Resistances -> R3: 13,700 & R4: 14,000 Potential Scenario The bearish channel, that has been keeping the Bitcoin price down, has been broken. This breakout has been performed with a pull-back to the...

cryptohopper

Bitcoin seems to have left behind the bearish pressures that, with ups and downs, it has been having during the last month and a half. In barely six days, Bitcoin has risen from $9,400 to $12,245 , its current level. This represents a 24% increase. The Bitcoin´s bearish channel has been just broken , and it couldn´t have done it better. BTC broke it and...