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Cryptocurrency Analysis
Time Frame : 30 Min Chart
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Bitcoin – BTCUSD
Cryptos were hit hard overnight by a Bitcoin led selloff. The question now is whether the bubble has burst and is there more downside. We are watching the three main cryptos…Bitcoin, Ethereum and Ripple for a bigger unwind tonight. Expect that if key resistance (marked on charts) holds, then holders may be forced to re-think and liquidate some or all of there positions. For shorts, we will work off a lower high for confirmation that the fun will start to begin.
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Crypto Pair : Bitcoin
Current Price : 50152
Status : On watch for a spike down off 50650
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Crypto Pair : Ethereum
Current Price : 1625
Status : On watch for a spike down off 1676
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Crypto Pair : Ripple
Current Price : 0.48903
Status : On watch for a spike down off 0.49944
