Since December 17, 2017, Bitcoin corrects starting from just under $ 20,000, a broad downtrend channel can be moved. Since 10.01. This year has established another steeper within the first named downtrend channel. Its upper edge is marked in red dashed lines. The Bitcoin price has been bouncing off her since yesterday. The 50% retracement on the entire $ 9,900 bull market that last served as support is again being attacked. Breaking this support would increase the likelihood of a correction stretch towards the 61.8% retracement at $ 7,590.
It remains in my view. So far, there are no bullish signals. Drinking coffee, watching and waiting is announced. It would be positive if the price tag of $ 9,900 could be held. It would increase the chance of a small triple bottom.
Ripple is breaking down but still has not enough strength to beat the downside resistance at $ 1,4243.
Wait and watch! Only the weak and greedy traders have difficulty waiting. Ripple will be interesting from a technical point of view if it can rise above $ 1.4342 on a daily closing price basis. At approximately $ 1, there is a support line that can cushion losses (initially?).
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