Only charts

Bitcoin is currently trading at 3300$ after falling to a low of 3190$ . it is recommended to open long positions from here with take profit at 3950$ and 4150$ . stop loss if bitcoin closes 1h candle below 3300$ . I still believe bitcoin is not a popped bubble.

Crypto currencies have fallen almost 50% this month. With top currencies like bitcoin and etherum reaching levels not seen in a year. I believe those levels represent critical support and we will see marvellous rebound from current areas. Etherum will definitely recover from early nineties , possibly around 95$ . The rebound may continue till 600$ . No change in fundamentals , however we might see some great projects coming live soon and possible mass acceptance for bitcoin and etherum in the retail world. We still have a big war running between card processors and crypto processors. The rebound will be technical mainly.

The first and most popular crypto currency , bitcoin is sliding below the last line of support 6300$ ,now trading at 6170$ . Honestly i was terribly bullish on bitcoin and I was seeing 13000$ as year end target. However that fall from 7500$ to 6200$ is a very bearish sign and there is no sign of even short term recovery. So , the target now would be 3000$ It is recommended to liquidate to tether until it is very clear if we are keeping the slide or recovering again over 7000$.

Bitcoin is currently trading at 6400$ slightly over the horizontal support area at 6300$ . Rsi (relative strength index) is showing positive signal trending higher on the 1h chart. Buy at current levels with target 6700$ atleast. Follow me for more updates on trading crypto and fiat currencies. My twitter handle : @b4borio

Ripple ($XRP) broke below the bullish trend line on the 1h chart and fall to 1.15$ close to our earlier mentioned critical support at 1.14$ where it formed double bottom. If we break below that level , the sentiment will be extremely bearish. We will have a chance of retesting the broken bullish trend-line and the intact bearish trend-line at 1.25$ as show below. If we manage to break that area successfully , $XRP will turn into bullish trend and possible rally towards 2.30$ area. Keep following for updates..

As posted earlier we have a rising trend line which has been tested and proved to be as of strong support for the pair . Support currently can be found 1.14$ , while resistance lies at 1.55$ area followed by 2.30$ area. So , keep holding your ripples till 1.55$ area and lets see how the pair will react to that level. Today's high was 1.3060$ while lows were at 1.23$ area. So keep those levels in mind and we are trading actively above the 200 MA  on the 30 minutes chart.

XRP/USD (ripple) is about to rally , first resistance will be around 1.36$ then we have clear way to 2$ in the next few hours. Lets keep an eye on how things will develop and I will let you know if this trade recommendation proves wrong. For now , we are still on the bright side holding breath for a fast rally. Fasten your seat belts and book in 60% gain this week.