- Bitcoin was doing very little after holding 300 pips above my next target of 34000.
- Ripple was trying a break above 7270/7370 for a buy signal targeting 7740/7800.
- Ethereum was testing resistance at 2790/2810. Shorts need stops above 2870. A break higher is a buy signal.
Today's Analysis
Bitcoin beat first resistance at 36300/400 to test second resistance at 39400/450, but was struggling here. Bulls need a break above 40000 to target the 500 day moving average at 42000/200. Unlikely, but if we continue higher, look for strong resistance at 44100/400. Holding second resistance at 39400/450 targets 38000/37800. If we continue lower, look for 36400/36000 and probably as far as 34400/34000. Do not be surprised to see a test of very strong support at the 100 week moving average at 33000/800 (today's value).
Ripple unexpectedly beat strong resistance at 7270/7370 for a buy signal targeting 7740/7800. If we continue higher, look for quite strong resistance at 8000/8100. Shorts need stops above 8200 for a buy signal. Minor support at 7300/7280 but below here can target targets 7090/70, perhaps as far as support at 6890/6870.
Ethereum was running as far as resistance at 2790/2810. A high for the weekend was possible here but shorts need stops above 2870. A break higher is a buy signal targeting 2900/2920 and probably resistance at 3025/55. Strong support from 2660 down to 2560 should now hold the downside.