Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The market is reluctant to give up the gains, bullish options in play

• BTC/USD makes it easy for bulls to do their thing.
• ETH/USD is more reluctant and hesitant between the two sides of the market.
• XRP/USD has strong upside potential but lacks leadership.

 

A new day on the balance wire is making its way into old Europe. The feeling of moving so close to disaster for so many days is torture. Above all, for those who cannot detach themselves for a moment from the screens and who, in their eagerness not to miss anything that happens, can end up being the ones who pay for the party of others.

The constant observation of prices exposes us to emotional tension, keeps us perpetually at the limit, weakens our decision-making capacity and usually ends up provoking an impulsive behavior at the worst moment. The trader loses her/his general vision and focuses their attention on a small box of fears, and phobias, until the unpleasant end.

Training to manage this kind of emotional trap properly is not easy to find. Trading journals, Mindfulness, Meditation on any of its variables are the limited tools commonly accepted. All are methods in which the aspiring Trader Yoda must link theory and practice in solitude.

So, the figure of the mentor comes in: an experienced person with a high capacity for empathy and who can understand the emotional situation of the aspirant at any time. He then offers the trader the right tool to return to balance, again and again, until he can integrate it into his trading.

In our education section, you can find material on this subject.

 

Do you want to know more about my technical setup?

 

ETH/BTC 240 Minute Chart

 

The ETH/BTC cryptocurrency pair found support at the price level of 0.0351 (price congestion support) and has a bit more margin below it with the presence of one of the bullish trendlines that have governed the movement since last December.

Above the current price, the critical level to overcome is at 0.0381 (price congestion resistance), then the next significant level is at the price level of 0.0415 (price congestion resistance). Above this point, the price rises in the crypto market could be significant.

 

 

Below the current price, the level that is the most important to hold onto if you want to keep the options bullish is right here. Below the price level of 0.0349, the market would enter a consolidation zone that would lengthen the doubts for weeks.

 

BTC/USD 240 Minute Chart

 

The BTC/USD pair is currently trading at the $3,860 price level. Early in the day, the pair breached the $3,900 level (price congestion resistance), but the attempt was immediately thwarted.

Above the current price, the first resistance level is at $3,900 (price congestion resistance), then the second resistance level is at $4,050 (price congestion resistance). The third resistance level, at $4,190 (price congestion resistance), and it is the critical level that if exceeded would put the market into bullish mode again.

Below the current price, the first support level for the BTC/USD pair is just below the current price at $3,848 (SMA100). The second support level is at $3,816 (EMA50), while the third support level, a critical level that if the BTC/USD pair should not pierce, is $3,700 (congestion support and SMA200).

 

 

The MACD on the 4-hour chart shows a very flat profile but resists crossing down, a structure that increases the chances of seeing a new bullish stretch anytime soon.

The DMI on the 4-hour chart also shows an improvement over yesterday's situation. The bears continue to hold back as the bulls try again to position themselves above the ADX line, an achievement that would undoubtedly push the price towards new relative highs.

ETH/USD 240 Minute Chart

 

The ETH/USD is currently trading at the $136.50 price level. Ethereum moves are compressed between the SMA100 at the $139.90 price level and the EMA50 at the $136.10 price level.

Above the current price, the ETH/USD has a first resistance level at $140, with the SMA100 at $139.90 and a price congestion resistance at $142.5. The second resistance level is $150.50 (price congestion resistance), while the third resistance level is at $161.5 (price congestion resistance).

Below the current price, the first support line is just below the current price of $136.1 (SMA100). The second support level is the most important for the ETH/USD pair and is at $130 (price congestion support and SMA200). If Ethereum loses this support, it will quickly move to the third support point at $120 (price congestion support).

 

 

The MACD on the 4-hour chart does show a downward crossing of the lines. It is a minor difference from the one seen in the case of the BTC/USD pair, but it is data to take into account.

The DMI on the 4-hour chart also shows differences from Bitcoin. Here, the bears keep the tone and even improve their positions in the past few hours. The bulls, on the other hand, have a downward trajectory that takes them very close to the levels of the sell side of the market.

 

XRP/USD 240 Minute Chart

 

The XRP/USD pair is currently trading at the $0.313 price level. XRP is in a complex zone between moving averages that are very close together.

Above the current price, the first resistance level is between the price level of $0.315 (EMA50), the price level of $0.318 (SMA100), passing through the price level of $0.317 (price congestion resistance) as we see a critical resistance zone. The second resistance level for the XRP/USD pair is $0.3280 (price congestion resistance), while the third resistance level is $0.3340 (price congestion resistance).

Below the current price, the first support level is at $0.3110 (price congestion support), then the second support level for the XRP/USD pair is at the price level of $0.308 (price congestion support) and the third support level is at $0.30 (price congestion support).

 

 

The MACD on the four-hour chart shows a cross profile in the downside but hints at a bullish cross in the short term. Both lines remain on the bullish side of the indicator.

The DMI on the 4-hour chart shows the bears retreating slightly today, while the bulls remain above the ADX and a return to a bullish market could provide a substantial boost to the price.

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