- Bitcoin prices can collapse as smart money has been trapped for so long.
- Ethereum Price Action is a show about sell signals.
- The XRP price action is the most optimistic and the invalidation level is very important.
The cryptocurrency market is in an unfortunate situation. Traders may have been tempted to jump over guns following Monday’s rally. The rally was still in control of the downtrend and had a direct impact on the smart money game plan. If market conditions continue, Bitcoin, Ethereum and XRP prices can experience a tough liquidity hunt.
Investing in Bitcoin prices now is purely gambling
The failure of Bitcoin to maintain its critical levels of $ 41,500 and $ 40,000 suggests strong bearish control. Investors still participating in the deal probably set a stop loss below Monday’s swing low of $ 38,536. This is a clear goal that bears should aim for next. If the swing low is broken, BTC prices could unfortunately return to the $ 36,000 low zone.
BTC./USDT 4 hour chart
Bitcoin prices should guarantee that traders will wait for a $ 43,000 break to say that the uptrend will continue confidently. With a grand plan of things, it’s okay to miss the first 10% of the move when you’re on the right side of the trend. If the BTC price could exceed $ 43,000, the $ 51,000 target will return to the table, up 30% from the current BTC price.
Ethereum prices can plummet to $ 2,750
Ethereum prices have fallen below the psychological $ 3,000 level. The ETH price is currently trading at $ 2,950 as the bear repeatedly printed candlesticks of the same length involving bears. If market conditions continue, ETH prices can plummet to $ 2,750.
ETH prices have broken through all major levels above $ 3,000 with strong bearish candles. In addition, the 50-day moving average has also been broken, with a decent selling volume on the 4-hour chart.
ETH / USDT 4 hour chart
Ethereum price invalidation remains at $ 3,320, the same as last week. If the bulls can rebound to this area, the uptrend in ETH prices will return to the table. The Bulls are confidently aiming for $ 4,000 and could rise 35% from the current Ethereum price.
XRP price is most likely
XRP prices are still the most optimistic in the crypto market. Ripple prices arose from the down wedge pattern this month and are now retesting the upper trendline. XRP is currently trading at $ 0.72. The dollar cost averaging method can be the best option for XRP enthusiasts.
The price volume of XRP is still declining on the 4-hour chart, increasing optimism. No bearish candle could match the power of 10% of the bullish swallowing candles of March 15th.
XRP / USDT 4 hour chart
The safest invalidation level is below the second supply zone at $ 0.62. Since XRP’s long-term goal is in the $ 3.00 zone, smart money discounts can be accompanied by drama. If the price of XRP exceeds $ 0.62, expect all hell to be unleashed. The price of XRP could drop to $ 0.44, resulting in a 40% drop from the current price.
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