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Analysis: Bitcoin, Ripple, Litecoin, Ethereum, ETC, Dash & Monero

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Analysis: Bitcoin, Ripple, Litecoin, Ethereum, ETC, Dash & Monero

Introduction

This article was posted on Saturday, 15:10, UTC.

Bitcoin Bitcoin spiked down towards the first main support zone near $1875, and it’s currently trading above the $2000 level again. I expect more downside, but trading these bounces with small positions could be lucrative. The $2230 level could cap the current bounce. Ethereum ETH’s overnight minimum was around 110, a 40% top to bottom correction. The 100 level and the prior base between 77 and 85 are the obvious levels to watch. The advancing long-term trendline is currently found near 90, providing further strong support. Ripple XRP spiked as low as 0.12 touching the long-term trendline and getting close…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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