The response, which started last week, is still valid. Those who have followed the updates should have invested “long”. As always, the crucial question is:
Will there be more about the cryptosoft?
To give an overview of the top 3, here https://www.geldplus.net/en/cryptosoft-review/ are the developments of Bitcoin, Ethereum and XRP course presented. If possible, we will also refer back to previous cryptosoft price analyses and look at what has happened since then.
The US$ 6,000 mark still holds at the Bitcoin exchange rate. The process of the “bearish variant” offered the perfect long entry. The book profit at the Bitcoin course increased to ten percent at the top. The cloud of the Ichimoku-Kinko-Hyo-indicator is still around 550 US dollars away. The short-term upward trend will cause greater difficulties. This is currently accompanied by the medium-term downward trend. If further price increases occur, the Bitcoin price runs into a multiple resistance range.
The moving averages are about to confirm a crypto trader
Bullish variant: The Bitcoin price continues to show a crypto trader and again overcomes the short-term downward trend. With prices above 7,000 US dollars, the medium-term downward trend has also been significantly overcome. The cloud of the Ichimoku-Kinko-Hyo-Indicator is overcome with courses over 7.600 US Dollar – tendency falling. The next important hurdle is crypto trader around 7,700 US dollars. Price increases above 7,961 US dollars activate larger upward targets:
9,261 US dollars
9,726 US dollars
11,540 US dollars
The bottom formation was only a return in the superior downward movement. The multiple resistances on the upper side cannot be taken. The 23.6 percent Fibonacci retracement confirms the price weakness of the Bitcoin price and from here a new low follows. With the break of 5,877 US dollars, the next price target is 5,428 US dollars. If this is not enough, there is a threat of exchange rate losses to around 5,000 US dollars.
The price target around the US$ 241 mark was already reached last week. A 25 per cent book gain was to be won here. In the end, however, the Ethereum exchange rate is still very sluggish and weak. Significant price gains are sold off again and again in the daily chart. The cloud of the Ichimoku-Kinko-Hyo-indicator is insanely 120 US dollars away from the current exchange rate and underlines the weakness of the Ethereum exchange rate.
The current setback can only be seen as a return to support. Prices above 241 US dollars are used for long positioning. The Ethereum rate is recovering and rises above 365 US dollars to confirm the bottom formation. The resistance range, which goes hand in hand with the short-term downward trend, is overcome with prices above 460 US dollars – with a downward trend. In addition, the cloud of the Ichimoku-Kinko-Hyo-indicator is then outbid. From there, a short-term rise in the exchange rate to 624 US dollars is to be expected.
Larger price targets require a significant rise of more than 684 US dollars to be activated. The following targets are thus activated:
897 US dollar
1,021 US dollars
The decline in the Ethereum rate already signals a lack of buying interest. Not even the 23.6 percent Fibonacci retracement was able to reach the high of 321 US dollars. Prices below 241 US dollars are accompanied by further losses to 196 US dollars.