6th Mar, 2018

Cryptocurrencies in general has been really stiff in past two weeks with it’s momentum and
decisive volatility. For a trade set-up - our long term “Trading range and Break-Out views” stays
the same as discussed in our weekly and other day analysis. Today we will view at a short-term
trade set-up with respect to limited volatility in major crypto-currencies.





Bitcoin (CMP - Rs 7,14,500 ) :


As we look in the chart above, BTC has been forming a bigger and smaller ascending positive
trade channels in daily time-zones. Along the upper line of resistance of the smaller ranged
ascending channel, BTC has looked to have formed a ‘shooting star’ indicating a smaller bearish
outlook towards the end of day yesterday. 



The bearish candle will confirm it’s move only if BTC closes below the value of $11,000 to test
new levels of support between $10,500-$10,000 where it will again gain strength along the
baseline of the ascending channel and also 25/75/100 DEMA falling close to the same line. 



Being conclusive, a fall below $11,000 will get BTC to fall and test upto $10,500-$10,300 and a
day-close above $12,000 will make BTC to get the positive momentum to rally to new highs of
$13,000 and $14,600.

Ripple : 



Ripple gained a positive momentum day before yesterday upto the value of $1.08 post the
rumours doing the rounds of XRP’s probability of getting listed on Coinbase. Later yesterday,
Coinbase tweeted to dismiss the rumour of adding any crypto-asset to either GDAX or Coinbase
post which, XRP fell back and
has been consolidating close
to $0.95. 



If you have been following our
levels properly, we had
mentioned first resistance
intra-day level at $1.08 which
the rumour pump could not get
over. 



Currently, forming a shooting
star post the 4th march rally,
XRP still looks to resist along
the shot-term line of resistance
which also collides with 100-
DEMA. We expect XRP to be in the tight trading range between $0.85-$1.08 unless any of the
levels is breached. Any breach would get XRP to gain momentum to further level of support or
resistance mentioned in our intra-day levels.


*DEMA - Daily Exponential Moving Average*






Detailed Intra-day Price-Analysis Report for all Crypto-Currencies :



Resistance 2 $13,100 $995 $1,550 $255 $1.22

Resistance 1 $12,000 $915 $1,350 $232 $1.08

USD Bitcoin Ethereum Bitcoin Cash Litecoin Ripple

Support 1 $11,000 $810 $1,125 $200 $0.85

Support 2 $10,500 $770 $1,050 $175 $0.70





Sources :



1. cryptowat.ch/bitstamp

2. tradeblock.com/markets



Disclaimer :

This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the
investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a
professional advisor of their choosing when deciding if an investment is appropriate.

The Company has prepared this report based on information available to it, including information derived from public sources that have
not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy,
correctness, completeness or reliability of the information, opinions or conclusions expressed herein. This report is preliminary and
subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise
after the date made or to reflect the occurrence of unanticipated events.

Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum etc.are very speculative and are subject to market risks.
The analysis by Author is for informational purpose only and should not be treated as an investment advice.