Bitcoin bounce from 400 pips above the only support for this week at the 500-day moving average at $39200/$390000 reaches as far as strong resistance at $44200/$44400 with a high for the day exactly here.
Ripple retesting & holding the 500-day moving average at $7300/$7250 although we overran as far as $6966. The bounce reached strong resistance at $8071/$8200 with a high for the day exactly here.
Ethereum longs at mega important support at $3050/$3000 work on the bounce to strong resistance at $3350/$3400 for profit-taking.
Today's Analysis
Bitcoin holding important support at the 500 day moving average at $39200/$39000 to hit strong resistance at $44200/$44400. A high for the day here as we dip back to minor support at $42500 (and holding here too as I write) - below $42000 risks a retest of the 500 day moving average at $39600/$39400. A break below $39000 this time (I think it will happen eventually) is another important sell signal initially targeting $37800/$37750 and $36500/$36000. Below $36000 can take prices as far as $31000.
A break above $44500 however targets $46500/$47000, perhaps as far as very strong resistance at $48500/$49000. Shorts need stops above 50000.
Ripple (XRP/USD) reached strong resistance at $8071/$8200 and guess where the high for the day was? Minor support at $7750/$7700 tested now as I write. Further losses retest important support at $7350/$7300. A break below this week's low at 6966 is the next sell signal initially targeting $6450/$6400, perhaps as far as 5840/5800.
Holding minor support at $7750/$7700 allows a retest of strong resistance at $8071/$8200. A break above $8300 is a short-term buy signal initially targeting $8600.
Ethereum (ETH/USD) longs at mega important support at $3050/$3000 work to the bounce to strong resistance at $3350/$3400 for profit-taking - a high for the day exactly here. A break higher however targets 3500/3550.
Important support at $3050/$3000 - stop below $2900. However, a break lower is a very significant sell signal.