Bitcoin Price Analysis: BTC Lift Off, Cross-Hairs at $4,500

Bitcoin Price recover, bulls bounce back
Market leaders set positives in Blockchain and crypto
There is a jump in market participation level. Volumes swell in the 4HR time frame

After Jan 20 drops, BTC is finding support at around $3,500—the lower limit of our support zone. As a result, there is a likelihood that Bitcoin prices will rally in coming days.
Bitcoin Price Analysis
Fundamentals
Jerry Yang has been a longtime fan of blockchain and cryptocurrencies. So, his recent comment at the Nikkei Innovation Asia Forum held in Singapore is nothing new. At the Forum, he said blockchain is a perfect fit for banks and trading.
Yang is particularly impressed by the type of infrastructure in progress saying it shall have a long-term implication. However, this is not the first time he has endorsed this nascent technology.
In a CNBC interview back in late 2017,  the Yahoo Co-founder said he was a firm believer in cryptocurrencies and the efficiencies it tags goes a long way in benefiting the society not only from transactions point of view but from it does create a transparent system.
As we know, banks’ operations are often opaque, and it is common to hear of large settlement after being held accountable for facilitating money laundering or defrauding customers.
Candlestick Arrangements

At spot rates, BTC prices are stable and positively hovering above the lower limit of our support zone at $3,500. From candlestick arrangement, this is bullish, and if anything, developments, especially in the 4HR chart, is exceptionally optimistic meaning aggressive traders can initiate positions at spot rates.
Behind this optimism is a bullish pin bar—clearer in the 4HR chart—bouncing off Jan 20 lows at the back of above average volumes—5k versus 2k. Increasing demand in lower time frames means there is a similar pattern in the daily chart, lifting investor confidence.
All the same, we shall interpret this as positive, but before we recommend risk-averse traders to buy, BTC prices first need to rally above $3,800 or Jan 14 highs. Only then will traders execute with first targets at $4,500 with liquidation level at around $3,500-700.
Technical Indicators
There is a rejection of lower lows and backing this resurgence is increasing demand for BTC as aforementioned. The double bar bull reversal pattern in the 4HR chart is at the back of high trading volumes—5k versus 2k. Because of this, risk-off traders can buy at spot rates, but it is ideal if there is confirmation as a spike in market participation drive prices above $3,800.
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Ripple Price Analysis: XRP “Hostile Takeover” Rumor Quashed

Ripple price strong supports from around 30 cents
Valor Foundation plans of hard forking the Ripple Ledger
XRP demand grows in lower time frames, volumes rise

Even though Jan 20 sellers did wipe out strides, XRP did find support at around 30 cents. With all-around bullish fundamentals, it is likely that bulls will rally and break above 40 cents in the near term.
Ripple Price Analysis
Fundamentals
If the XRP Hostile takeover rumor is even remotely close to the truth, then XRP bag holders should be ready for a blood bath. Hostile takeovers are rare in traditional markets, and a forceful change of management is simple: the acquirer–in our case Vishal Harpalani’s Valor Foundation—identifies an unwilling target company—the “victim” ,in this case, Ripple Labs official issuers of XRP.
Their tactic: raise “tens of millions of dollars,” trigger a price collapse via debt instrument and later hard fork the Ripple ledger. Note that, this move can flop and as a $14-billion-dollar Silicon Valley behemoth, weaned off VC funds and controlled by a determined company, Ripple, ready to defend its turf, we doubt if this can happen.
Exuding confidence, Brad had this to say:

.@danprimack wants to sell some snake oil… any buyers out there!? Media have a responsibility to help the industry understand what’s hype vs. substance, not to propagate blatant attempts at market manipulation. When will media coverage of this industry mature? https://t.co/QzZ3MxoyNR
— Brad Garlinghouse (@bgarlinghouse) January 15, 2019

To defend their publication, the editor at Axios said:

I’m not selling anything to anyone Brad, and you know that. I have zero financial interests in anything crypto. reported on something and clearly said that it is unlikely to work. If it’s about market manipulation, then it was a lousy attempt as xrp is down a whopping penny today
— Dan Primack (@danprimack) January 15, 2019

However, should Valor Foundation raise enough funds and cause an XRP death spiral, their success would help strengthen their overall objective of building a reliable digital payment system tailor-made for those who can’t access banking or other financial services mostly in developing economies.
Candlestick Arrangements

Like BTC, XRP is rejecting sell pressure, and after initial accumulation, demand is increasing in lower time frames. Upswings like this cement our previous position, validating our XRP/USD trade plan. Although we expect prices to rally—now that we have a bullish pin bar near our main support at 40 cents, we recommend maintaining a neutral position. That’s until after there is a clear break above the 50 percent Fibonacci retracement level. The level is the 34 cents mark based off Dec 2018 high low. 34 Cents is significant because the  level meshes with Jan 14 highs.
Once prices rally above 34 cents, risk off traders can initiate longs on pullbacks with first targets at 40 cents. From there on, risk-averse traders can buy at spot rates with modest targets at Dec 2018 highs of 60 cents.
Technical Indicators
Guiding our short-term trade plan is level of market participation. A stand out in recent days is Jan 10 bear bar printing in a predominantly bullish market. We have reiterated this stating that for bulls to be in the driving seat then trade volumes must spike above recent averages of around 17 million and exceed Jan 10 trade volumes of 83 million. No doubt, such rallies will lift prices from spot levels to above 40 cents. In turn, this will lay the foundation for further gains towards $1.
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Tron Price Analysis: Oracle Partnership Rumor Pumping TRX?

Tron Price, surge 5.2 percent
Oracle—Tron Partnership rumor yet to be confirmed
Transaction volumes low, likely to build up ahead of 4 cents retest

Days after NiTron, TRX is making good progress and is solid above 2.5 cents as traders search for buying opportunities in lower time frames. Add this to a probable partnership with Oracle, the path of least resistance seems to be up.
Tron Price Analysis
Fundamentals
News has it that Oracle is the latest software company to “partner” with Tron. As a smart contracting and dApp platform with ambitions of dislodging Ethereum as a go-to platform, this announcement should be making waves. Oracle is one of the world’s leading software company offering diverse services ranging from cloud applications to a multi-model database management system.

Oracle #blockchain team visited #TRON Foundation HQ in SF.Diving deep on #SmartContracts #Tokenization and partnership opportunities. #TRON to the future. #TRX $TRX https://t.co/Hq3Y4IETlW
— Justin Sun (@justinsuntron) October 20, 2018

Back in 2014, it was the second largest software company by revenue streams after Microsoft.  In a tweet, Justin Sun said a blockchain team from Oracle had visited their San Francisco offices. However, we cannot get ahead of ourselves and confirm that there indeed is a partnership without official confirmations.
Justin confirmed that aside from discussing smart contracting and tokenization, they did touch a topic or two on “partnership opportunities.” At the moment, nothing is official despite Sun’s row of strong claims during the Summit.
Candlestick Arrangements

On the chart, TRX is less than $150 million away from displacing Litecoin as the eighth most valuable coin in the space. It remains a top performer, adding 5.2 percent in the last day and breaking away from the 2.5 cents mark as bulls aim to reverse Jan 10 losses.
At this pace, our TRX trading conditions are live. Both sets of traders can add to their longs at spot prices with fitting liquidation levels at Jan 21 lows of 2.5 cents.
Targets will remain the same, and as long as prices are trending above 2.5 cents, the double bar bull reversal pattern of late Dec 2018 and Jan 13-14 will be valid and indicative of the current trend.
Technical Indicator
Even with this, participation volumes are low—averaging 20 million at the time of press which is low when compared to those of Jan 10—95 million. Regardless, the trend remains bullish, and participants are maintaining this pressure meaning that the retest of 4 cents would be volatile and probably backed with high volume surges.
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Tron Price Analysis: TRX Trend Setting, Up 18% From Last week’s Close

Tron prices surge, adds 7.8 percent in the last day
Justin Sun hires former SEC official; crypto is no scam
Accompanying recent surges are high trade volumes

While most trading pairs register losses, TRX is a top performer and up 7.8 percent in the last day. At this pace, TRX bulls will likely drive prices towards 4 cents in coming few days.
Tron Price Analysis
Fundamentals
In one of Nouriel Roubini tweetstorm, the NYU professor goes to great length discrediting crypto calling the burgeoning market a “4800 Pump & Dump schemes! Crypto is THE most manipulated financial market in ALL human history & manipulation of “assets” that are all shitcoins & worth ZERO. It makes the Wolf of Wall Street look like a naive amateur. And in spite of this sleaze shitcoins lost 95% this year!”
It is for this very reason why Justin Sun is hiring a former SEC official as an endorsing statement that crypto—including TRX—is legit and investors should pour their hard-earned monies without fear. His aim is not only to advocate for tailored regulation that rids the ecosystem of scam artists but to make Tron one of the most compliant platforms in the world.
Candlestick Arrangements

Meanwhile, TRX is back and topping the performance charts. It’s only Monday, and TRX is up 7.8 percent in the last day and a massive 18 percent in the previous week as our TRX/USD trade plan is validated. Like before, we are net bullish on TRX not only because of trends set by Jan 14 and Dec 17 but the sheer resistance of lower lows in the past few days.
Aside from that, trend direction is positive sloping and the ability of bulls to maintain prices above 2.5 cents hints of underlying demand in lower time frames. Since the double bar bull reversal pattern of Jan 13-14 is now correct, both set of traders—risk-averse and risk-off, can buy at spot rates with first targets at 4 cents. Safe stops should be at 2.1 cents.
Technical Indicators
Compared with Jan 14—50 million or Jan 10—95 million, transactional volumes are low. Even so, the fact that today’s volumes may surpass recent averages of 19 million reveals underlying demand and the trend of the next few days. As long as volumes increase and prices follow suit, then traders can fine-tune entries in lower time-frames with the first target at 4 cents.
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Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple prices stable above 30 cents
SWIFT—Ripple competition should heat up in coming days
Transactional volumes low and dropping

XRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors. Even still, the slide of XRP prices have been deflating, and after 12 months of lower lows, we expect Sep 2018 to guide medium to long term price trajectory.
Ripple Price Analysis
Fundamentals
As long as SWIFT dominates, we expect determined competitors to step up their marketing, pitch to potential clients—mostly in areas where most are unbanked and without access to financial services. Such has been the effort of Ripple.
With three main products—xCurrent, xVia, and xRapid, we can conclusively say they have been largely successful. However, they still have a long way to go. As a ledger that caters explicitly for financial institutions, the only way average investors will reap benefits is when majority banks incorporate Ripple’s technologies and adopt xRapid.
The latter is a solution that guarantees speed, efficiency and cost saving made possible because it uses XRP as a liquidity tool. Thus far, 13 companies are benefiting from xRapid, but 13 is a mere drop in a cross border global payment system estimated to move $2 trillion by 2020. Should Ripple win over clients and there is regulatory clarity around XRP and xRapid, we expect demand to surge, lifting prices with it.
Candlestick Arrangements

At the time of press, XRP was up 1.2 percent from yesterday’s close, exchanging hands at around 32 cents against the USD. Considering yesterday’s price sinks, this is positive and cements our previous assertions.
However, conservative as well as aggressive traders ought to be on the sidelines until after our trading conditions are valid. Because we are net bullish with guidance from Sep 2018 surges, a safe approach is to wait until clear price swings are driving XRP above 34 cents.
A simple Fibonacci retracement between Dec 2018 high low places this buy trigger line at the 50 percent level. That’s above Jan 20 highs meaning for the first wave of higher highs to hold then buyers must reverse yesterday’s losses preferably at the back of above average trade volumes—above 24 million.
After that, the foundation for further gains towards 40 cents would be firm and conservative traders would be anticipating possible rallies towards Dec 2018 highs of 60 cents.
Technical Indicators
From a conservative approach, traders and investors would be tracking XRP buyers’ ability to reverse yesterdays and Jan 10 losses. With volumes of 83 million against 30 million averages, a bull buildup is necessary. To reiterate our stand, any volume surge driving prices above 34 cents (or below 30 cents) should exceed 24 million and ideally 83 million confirming demand or supply depending on breakout direction.
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Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin Price drop 4.1 percent in the last day
Wyoming could be the blockchain and crypto center in the US
Participation levels low, prices may consolidate in days ahead.

Despite bullish fundamentals, BTC continues to cede ground against the USD. At spot rates, prices are steady and trending within our support zone. Unless otherwise there are sharp gains above $3,800, sellers may snap back to trend.
Bitcoin Price Analysis
Fundamentals
Wyoming may be the center of crypto attention thanks to their openness and embrace of new technology, but the real deal is the endorsement from the United Nations.
In their latest World Economic and Social Survey 2018 Report, a multinational organization made up of 193-member concluded that Bitcoin and cryptocurrencies, in general, were a new frontier in the finance. Of course, this is no brainer.
For a technology that is barely ten years, the underlying technology is not only disruptive but brings about efficiency, transparency and above all a new level of ownership. It is because of these inherent properties that the organization firmly believes that businesses can build new business models around the benefits of crypto and blockchain.
“The innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation…As such, the blockchain technology presents the possibility—a first in the field of finance! —that trust in institutions backed by a government can be replaced by trust in computer code.”
Candlestick Arrangements

Even with that, BTC is struggling against a strong wave of sell pressure. At spot rates, the coin is stable in the last day as prices hover around yesterday’s close. Nonetheless, our projection is bullish. Note that prices are yet to breach through our support zone.
When we paste a Fibonacci retracement tool, our immediate support lies between $3,500 and $3,700 flashing well with the 61.8 and 78.6 percent Fibonacci levels based off Dec 2018 high low. However, because of yesterday’s downturns and sharp losses from above $3,700, we recommend patience until after prices rally above $3,800.
After that, first targets will remain as before– at $4,500 and $5,000. The only bummer is if there is confirmation of yesterday’s losses and prices slide, complementing Jan 10 losses as prices dip below $3,500—the lower limit of our support zone. That likelihood will most likely catalyze further declines towards $3,200.
Technical Indicator
Average transactional volumes are still low. Yesterday’s bear bar for example printed above average volumes at 20k against 12k which is still low. Ideally, for a convincing break below or above, volumes should be above 35k rivaling those of Dec 17 (bull bar) or Jan 10 (bear bar).
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Bitcoin Price Analysis: BTC Volumes Shrink 22% From Jan 10

Bitcoin Price in a $300 range mode
ShapeShift bombarded with US DoJ subpoenas in Q4 2018
Transaction volumes dip, moving averages slide from 18k to 14k in four days

Participation levels are low, and with drying transactional volumes, BTC prices are ranging. However, with a flurry of subpoenas, exchanges are wary. All in all, we retain a bullish outlook expecting breakouts above $3,800 as Bitcoin rally to $5,000.
Bitcoin Price Analysis
Fundamentals
The US is the world’s largest economy, and as one of the major players in crypto, their regulatory stand can influence asset performance. We can draw examples from their sanctions on Russia and Iran. Their economies suffered as a result of that ban. As a global phenomenon, crypto is designed to be censorship resistant, distributed and without a point of failure.
Unlike China, USA might be accommodative but complying with their rules is involving and expensive. It is for this reason that most exchanges prefer to set up operations in Europe and satellites countries like Mauritius or Gibraltar as their laws are lax on crypto.
Following the steps of Kraken, ShapeShift has released their recent compliance report. There, we can see that subpoenas more than doubled in Q4with the US DoJ being the most demanding. In total, they made 18 requisitions throughout 2018.

Pulling Back The Curtain: How ShapeShift Handles Law Enforcement Compliance: https://t.co/NefZV7xIY8
Thanks to @krakenfx for inspiring us to bring more transparency to the #cryptocurrency space. We encourage others to join in on this initiative. pic.twitter.com/RWIailvbF3
— ShapeShift.io (@ShapeShift_io) January 18, 2019

Candlestick Arrangements

From the charts, BTC prices are scant and confined within a tight trade range. Even so, we retain a bullish outlook on Bitcoin as long as our trade conditions are valid. Note that—and as per our previous emphasis—buyers have a chance once prices edge past Jan 14 highs of $3,800.
The $3,800 not only doubles up as a minor resistance level but as an essential Fibonacci retracement level based on Dec 2018 high low, a breakout above it preferably with above average trade volumes could lay the foundation for higher highs towards $4,500 triggering conservative long positions.
At the moment, none of our trade conditions are valid. Therefore, we shall retain a neutral outlook aware that losses below $3,700 main support could see prices tumble to $3,200 or lower.
Technical Indicators
Strong price movements can only be at the back of stellar participation. It’s clear that this is lacking and with averages of 14k—down from 18k when prices sank below $4,000 on June 10, any breakout above $3,800 or below $3,700 or Dec 28 should be at the back of above average volumes exceeding 35k or 20k on the lower limit.
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Ripple Price Analysis: XRP Consolidates For the Eighth Straight Day

Ripple prices in a 2 cents trade range below 34 cents
Mercury FX demonstrates the power of XRP
Prices ranging as daily average trading volumes drop t0 23 million—streams from BitFinex

Although the path of least resistance ought to be northwards, sellers are currently pinning down bulls. Nonetheless, our XRP/USD trade plan is upbeat, and with Mercury FX moving huge sums from the UK to Mexico using XRP, it seems like we are on the early stages of widespread adoption.
Ripple Price Analysis
Fundamentals
Today marks the seventh day of an energy-sapping consolidation that began after Jan 10 sharp falls. All the same, with last year value erosion, investors, as well as the trading community, believe the market might be making a turnaround. It’s pretty ambitious, but the mere fact that prices are finding resistance for further upsides could wear off demand allowing bears to pick up in line with Jan 10 trend direction.

1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy
— Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019

At the moment, we are closely watching how adoption is picking up. And propping investors’ bullish projections is news that Mercury FX used XRP to move$4,552.41–helping the client, Mustard Foods, save $90 and 31 hours—from the UK to Mexico. The seamless and near instantaneous flow demonstrated in real time the capabilities of XRP and what adopting companies set to benefit should they ditch traditional systems characterized by latency and high costs.
Candlestick Arrangements

Back to the chart and XRP is struggling. Not only are prices accumulating within a 2 cents range with caps at 34 cents but from an effort versus result approach, bulls are in charge since prices are within Jan 14 high low. Regardless, we shall not recommend immediate buys at spot rates not until XRP bulls drive prices above 34 cents—a level that also doubles up as the 50 percent Fibonacci retracement level.
Our long-term bullish stance is still valid as long as spot prices are maintained above 30 cents and most importantly from 25 cents—which mark Sep 2018 lows. If anything, the monthly bull bar will always define the long-term trajectory of this coin, and unless otherwise there are rapid drawdown, it is likely that prices will expand to 60 cents—Dec 2018 highs and later 80 cents subject to a high-volume, ecstatic break and close above 40 cents or the 61.8 percent Fibonacci retracement level off Sep 2018 high-low.
Technical Indicators
Transaction volumes are low, and perhaps this could explain tight ranges inside Jan 14 high low. Though sellers may have the upper hand in the short-term, rejection of lower lows and subsequent rally from 30 cents to above 35 cents and even 50 cents should be at the back of high trade volumes exceeding 83 million on the upper end and daily averages of 23 million.
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Tron Price Analysis: TRX Drop to 2.5 Cents Imminent

Tron price fall 5.1 percent but is still bullish
David Labhart joins the Tron Foundation as Head of Compliance
Bear volumes high and above average–61 million versus 23 million

In light of today’s candlestick arrangement and level of participation, TRX is likely to drop to 2.5 cents. However, should it found support; the bounce will see TRX clear 3 cents as bulls march to 4 cents by mid-February.
Tron Price Analysis
Overview
At ninth, TRX market cap stands at $1.708 billion and $300 million away from flipping Litecoin as the eighth most valuable coin. Other than that, TRX is down 5.1 percent in the last day but up 32 percent in the previous week meaning the currency is one of the top performers. In line with our TRX/USD price analysis, our bullish stance is still valid, and as long as prices are above 2.5 cents, every low should be a buying opportunity. Targets will remain as before—at 4 cents and later 6 cents.
Fundamentals
After spending 15 years dealing with matters law and compliance, the Tron Foundation plans to use David Labhart’s experience. David is a former US SEC supervisory attorney, and by agreeing to join Tron as Head of Compliance and co-General Counsel, it is clear that the foundation’s power wielders are not taking compliance lightly.
By hiring David, it is clear that Justin Sun and company want a clear rapport with financial authorities across the globe. The move is in line with Justin Sun’s ambition of seeing the foundation open up communication channels with regulators ensuring that network development bode well with regulator’s dictates.
Besides, it’s a timely addition coming a week before niTron Summit where regulators, platform users, entrepreneurs, and industry leaders will come together to discuss pertinent issues in the sector aside from establishing useful contacts. On joining Tron, David said:
“Joining TRON is the perfect progression in a career driven by a passion for the frontier of the financial industry; where technology meets regulation. Blockchain and cryptocurrency are the next steps in the evolution of the world’s financial system. I’m excited about Justin’s passion and long-term view of the benefits and potential impact of this new technology.”
Candlestick Arrangement

With a bear pin bar and high trade volumes, it is hard to recommend buys at spot prices. That’s unless of course a countering high-volume bull bar fading sellers prints in the 4HR chart. That’s unlikely, and chances are we shall have a double bar bear reversal pattern by today’s close. However, that should not be a cause of concern.
To reiterate our stand, we expect bears to drive prices back to 2.5 cents. It is at this level that buyers should be searching for longs in lower time frames in a classic retest phase. Nonetheless, drops below2.5 cents with volumes exceeding averages could spell doom for TRX bulls. In that case, price may sink to 1.1 cents.
Technical Indicators
Today’s volumes are high—61 million versus 23 million and above Dec 21—45 million against 15 million. Since it is a pin bar, we expect TRX prices to drop back to 2.5 million in a retest phase. If not and bears step in, it is likely that Nov-Dec bear trend will resume.
All charts courtesy of Trading View–BitFinex data streams.
Do your own research. Opinions are those of the author.
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Bitcoin Price Analysis: BTC Slide 6.1%, Bull Party Over?

Bitcoin price drop 6.1 percent after testing $4,100
Korean authorities approve seven exchanges compliant with their security measures
The slide below $4,000 at the back of high transaction volumes

After today’s losses, subsequent price action would determine whether BTC is within a necessary bull squeeze or the retest of $4,100 marked the beginning of bear trend and completion of a retest. After all, the dominant trend is bearish, and rejection of higher highs is at the 38.2 percent Fibonacci retracement level of Nov-Dec 2018 high low.
Bitcoin Price Analysis
Overview
After decent performance throughout the last weeks of Dec 2018 and early this month, Bitcoin sellers are back. According to live streams from coin trackers, BTC is down 6.1 percent in the last day. Regardless, traders are optimistic and expect prices to rebound more so if there support at $3,700. If that is the case, then today’s drawdown is a bull squeeze driving prices towards the base of a bull flag.
Fundamentals
In theory, the blockchain should be infallible, distributed and secure. Most as Bitcoin have lived up to their expectations, and with Exa-hash rates, there is no economic incentive to launch attacks. The cost will be exorbitant for no good reason. Bitcoin and its blockchain are therefore safe. However, the technology is still new and infrastructure developing.
Buttressing Bitcoin are exchanges—a set of on-off ramps allowing buyers and sellers to exchange digital asset. As centralized marketplaces, they are a honey pot for malicious hackers always on the lookout for any vulnerabilities. Most successful hacks result in multi-million-dollar losses and topping the table is that mega-hack at Coincheck where an estimated $500 million evaporated just like that.
It is for this reason why authorities, especially in SE Asia, Europe, and the US, are taking steps, executing their mandate and protecting vulnerable investors. Latest news is that the Ministry of Science and ICT while working closely with Korea Internet and Security Agency (KISA) has approved seven exchanges–UpBit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Kore– after a three-month security inspection between Sep to Dec 2018.
Candlestick Arrangement

On the technical front, our previous stance as far as Bitcoin trading is valid. As we can see from the chart, sellers are back. In 45 minutes during the European session, prices tumbled from around $4,100 to spot rates.
Still, bulls are resilient, and prices are trending above $3,700—our main support line. For trend continuation, it will be essential if bulls reverse these losses in subsequent days and drive BTC prices above $4,100 and later $4,500. If not and this persists then this will cease from being a bull squeeze.
Instead, the retest phase will be complete, and bears will resume taking cues from bears of early Nov-Dec 2018. Therefore, we recommend patience as we wait for price reaction at $3,700—the base of our bull flag and minor support and sell trigger line.
Technical Indicators
The last ten days average stands at 16k which is less than the volumes behind Jan 6 bull bar at 25k. Jan 6 bar is definitive and above average volumes accompany today’s losses—20k versus 16k (expected to increase by close). We need to see counter bull bars but should sell pressure spill over to tomorrow; chances are sellers will blast through $3,700.
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Ripple Price Analysis: XRP Flash Crash, Flips Ethereum–Again

Ripple price is down 5.7 percent but flips ETH from second

Santander’s use of xCurrent has been beneficial
Bear trading volumes spike

Technically, XRP is bullish, but for buy trend continuation, prices must surge above 40 cents as reiterated in our last XRP/USD trade plans. At the moment, sellers appear to be in control and the 5.7 percent drop could trigger dumps in days to come.
Ripple Price Analysis
Overview
Even at second, XRP bulls couldn’t stand the 45-minute flash crash. At spot prices, the coin is down 5.7 percent but up the ranking order after flipping ETH to second. It is what coin supporters want to see, and as long as it remains this way and ETH drop, the coin’s limited volatility—ETH is down 12.5 percent—will attract capital just like it did back in Nov 2018. However, although this bull squeeze could end up being a blessing for risk-averse traders, any drop below 34 cents and 30 cents could shift momentum from net bullish to bearish.
Fundamentals
Estonia’s DX Exchange choice of digitizing some high-value NASDAQ’s stocks like Facebook, Apple and Tesla was a “proof of concept.” Because of this exchange, it is now possible to trade stock market derivatives. Ripple’s XRP is available for trade. However, there are more opportunities now that BCG Group has made known their intentions of creating eMetals representing real-world assets as Gold or Silver secured by smart contracts and payable through cryptocurrencies.
Meanwhile, Santander’s One Pay FX is proving to be cheaper and more efficient making the bank competitive. In a conference, the Ana Patricia Botín-Sanz, the Group Executive Chairman of the bank said she the “devil is in the details,” and there has been real reciprocity because users can send and receive funds while on the go.
Candlestick Arrangement

At spot rates, XRP is the second most valuable coin the space with a market cap of $14.03 billion.  That is despite sinking 5.7 percent in the last day. From candlestick arrangement, it is likely that bears will drive prices below Dec 28 lows of 34 cents.
Advising this is the increasing trading volumes—56 million. It is 10 million more than those of Dec 28 bull bar and although volumes are lower than that of Dec 24—123 million, the simple fact that volumes are above daily averages and accompanying trade range wider than usual after days of consolidation is negative for XRP’s value. If prices drop below 34 cents, it is likely that sellers will drive XRP price towards 30 cents by mid-next week.
Technical Indicators
As aforementioned, bear volumes are increasing. After 13 days of consolidation, this high-volume flash crash may be an undesirable bear breakout. However, drops below 34 cents will reaffirm this stand.
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Tron Price Analysis: TRX $800 million Away from the Top 4

Tron Price add to their gains, surge 44 percent from last Wednesday
Questions linger on whether proof of work alternatives truly embody blockchain principles
Transaction volumes on the rise, daily printouts exceed recent averages

TRX is back to the top 10 and is a top performer adding 44 percent in the last week. With trend and pattern defined, traders should aim at 4 cents in the near term.
Tron Price Analysis
Overview
Tron is on an uptrend, posting impressive gains and short $800 million from the top 4. It’s up 7.5 percent in the last day and a whopping 44 percent in the previous week cementing our bullish stance. At this rate, we expect TRX prices to expand towards the elusive 4 cents by the end of February 2019 with accelerants being significant company partnerships, the revival of Bitcoin and more defection from Ethereum.
Fundamentals
There is a conundrum out there. Following an unfortunate fraud in the Ethereum classic network, a poser is whether a truly decentralized and open source must be open for such attacks. It’s a thought-provoking statement by a curious internet user who despite the apparent loss of business by CoinBase and confidence on Charles Hoskinson product, is confident that such attacks should be a norm on every proof of work platform controlled via distribution.
Tron’s founder Justin Sun will always be an influencer. Although we don’t expect hackers to have a majority of hash rate and things like those because of the network’s delegated proof of stake algorithm, a lingering question is whether proof-of-work alternatives like dPoS is binning decentralization—a core principle in blockchain—for expediency and scalability.
Social media is full of Sun’s shills, and at one point Charles Hoskinson offered Mantis to Tron saying the solution would increase efficiency, a goal Tron was seeking at that time.

@justinsuntron you guys should use our mantis client instead of Ethereum Java https://t.co/u2e2pObqYE the code is much better, security audited and consensus is pluggable for a DPoS style protocol.
— Charles Hoskinson (@IOHK_Charles) June 25, 2018

Ironically, Mantis—aside from efficiency, could bolster network security, ensure complete decentralization and immutability. If Tron went ahead with the implementation, is there some risk of exploitation?
Candlestick Arrangement

From the charts, it is clear that bulls are in charge. Expansion numbers are boosting, and in a classic breakout pattern, we expect prices to edge and close higher by the end of the week. We are confident of this position. Backing this assertion are high volumes feeding the last three days price action. Although TRX bulls are firmly in control, today’s volumes, for example, are above daily averages—21 million versus 15 million. With every higher high, there is a confirmation of Jan 6 volumes.
Technical Indicators
Driving prices to new territories are increasing levels of market participation. As aforementioned, average volumes are high. Therefore, every dip in lower time frames—30 mins to 1 hours chart—should be a buying opportunity in this bullish breakout pattern and early stages of a larger bear trend reversal pattern.
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Bitcoin Price Analysis: BTC Ranging, Russia’s Grand Plans

Bitcoin Price is ranging inside Jan 6 high low
Russia may convert their USD Reserves to BTC to bypass sanctions
Trading volumes are low

Technically, BTC is bearish from a top-down approach but bullish in the short term. We expect ecstatic buys if bulls drive prices above $4,500 and, in that case, first targets will be at $6,000.
Bitcoin Price Analysis
Overview
At the time of press, BTC is up 5.3 percent against the USD in the last seven days. Nonetheless, we are net bullish and expect prices to recover thanks to favorable macros and accompanying candlestick arrangement that shouts bullish.
From the chart, it is clear that prices are consolidating. Depending on the breakout direction, the short-term trend will determine whether we have a distribution or an accumulation. If prices edge higher in line with mid-December bullish thrusts, then the double bar bull reversal pattern of the week ending Dec 23 would be correct.
Fundamentals
On the fundamental front, news has it that the Russian government has plans in place to diversify their cash holdings into Bitcoin in case sanctions are imposed.
While there are other reserve currencies, the state level adoption and this change of heart by Russia won’t bode well with politicians. However, on matters crypto and Bitcoin, any form state adoption will open up doors for Bitcoin.
According to reports, Vladislav Ginko, a Russian Professor with ties to the Kremlin said Bitcoin is the only way of by-passing damaging US and NATO Sanctions. Should there be such orders, Russian elites will quickly diversify their cash reserves into Bitcoin further cementing the coin status as a duo asset that can serve as a medium of exchange and at the same time a store of value.
Remember, reports have it that Russia is sitting on more than $450 billion of reserves. If the government is forced to liquidate any amount, then BTC would surge to new highs.
Candlestick Arrangement

Meanwhile, BTC/USD prices are ranging in lower time frames and virtually unchanged in the last day. Unless otherwise there are dips below $3,700, our previous trade plans are constant.
All in all, prices are oscillating inside Dec 28 high low is bullish from an effort versus result point of view. Up-thrusts above $4,500 would spur demand, and as per our projection, BTC will likely surge towards $6,000.
Technical Indicators
Like yesterday, transaction volumes are light pointing to market participation. To reiterate, upswings lifting BTC above $4,500 should exceed 120k or above the current average of 15k.
All Charts Courtesy of Trading View–BitFinex
Disclaimer: Opinions are those of the author. Do your Research.
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Tron Price Analysis: TRX Surge, can it Flip Ethereum to Second?

Tron price is up 39.5 percent from last Tuesday
Platform is attracting gamers thanks to Tron Arcade
Transaction volumes are fair and trading within a bullish breakout pattern.

No doubt, Tron (TRX) is one of the best performers in the last week. It is up 39.5 percent at the time of press and trading within a bullish breakout pattern after clearing 2.5 cents. At this rate, TRX may end up testing 4 cents by the end of January.
Tron Price Analysis
Overview
There are no permanent positions in the top 10. A simple glance at coin trackers’ statistics and it is clear that coins are tussling as they climb up the liquidity table. A case in point is Tron–and days disparaging comments from Stellar’s Jed McCaleb, Justin Sun may be actualizing his realities of making TRX one of the most liquid coin.
At spot rates, TRX is up 11.8 percent in the last day, and a massive 39.5 percent from last Tuesday meaning the coin is now trending at ninth. Of course, this is endorsing for traders reeling from 2018 damage.
Fundamentals
Buoying these are fundamental developments and a superior platform that platforms launched in legacy smart contract and dApp launching sites are finding irresistible. Aside from EtherGoo and BitGuild, Tron has ambitious plans of attracting developers who will instead roll out dApps surpassing those at EOS.

EOS is in hot water after allegations arose that a major part of its blockchain governnance, led by Chinese crypto exchange Hubobi, may be involved in a corruption scheme. EOS’ parent company and Huobi issued public statements, and refrained from admitting or denying the charges.
— John_Addington (@340mm) October 6, 2018

As we know EOS use the same dPoS consensus algorithm and Block Producers but with allegation—and evidence of bribing, corruption and centralization claims, Tron “purity” might, after all, be the last haven for developers seeking stability and support.

I have submitted Proposal #13 to modify the energy limit to 100 billion, which will be effective on Sunday 20:00 PM(GMT+8), please vote for proposal #13. #TRON #TRX $TRX https://t.co/RtTvuRlTgg
— Justin Sun (@justinsuntron) December 27, 2018

Then again there was approval of Justin Sun’s Proposal 13 which aims to reduce smart contract costs and energy limits from 20 Sun to 10 Sun.
Candlestick Arrangement

Price wise and TRX is bullish and trading within a bullish breakout pattern. As visible from the chart, not only are TRX prices above 2.5 cents confirming gains of mid-Nov 2018 but the breakout is at the back of above average volumes—26 million versus 13 million.
Because of this, it is clear that TRX bulls are in charge and may reverse Nov 2018 losses. Everything else constant, both set of traders should buy TRX at spot prices—or wait for pullbacks in lower time frames– with first targets at 4 cents and stops at 2.1 cents.
Technical Indicators
Transaction volumes are above average, and while today’s breakout volumes—26 million– didn’t exceed those of Nov 20—65 million, it was double the current averages of 13 million. As a result, we expect TRX bulls to print higher in coming days.
All Charts Courtesy of Trading View–BitFinex
Disclaimer: Opinions are those of the author. Do your Research.
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Ripple Price Analysis: XRP at 40 Cents an Illusion?

Ripple Price is range bound with caps at 40 cents
Ardo Hansson, a member of ECB, berate cryptocurrencies
Trading volumes are low

Although Dec 24 bull bar did rouse traders, XRP/USD is ranging with caps at 40 cents. Going on, we expect prices to expand above 40 cents towards 60 cents or higher in coming days.
Ripple Price Analysis
Overview
With each passing day, XRP’s lack of volatility may be ideal for Ripple and banks transacting using xRapid. However, for traders, this stable coin status means XRP is one of the few under-performing coins in the last 24 hours.
At current rates, XRP is up 3.9 cents against the USD and bulls are yet to close above the all-important resistance level at 40 cents. If it goes on like this then, then we shall retain a bullish outlook, but in light of existing conditions, traders would better halt their trading until after there is a definite break and close above previous support now resistance at 40 cents.
Coincidentally, this level is the 61.8 percent Fibonacci retracement line between Nov-Dec 2018 high low.
Fundamentals
On the macro side of the equation, Ardo Hansson—a member of the European Central Bank and a Governor of Estonia asserts that cryptocurrencies are a fad and a “fairy tale.” In a conference to mark Estonia’s five years with the Euro, the Ardo said crypto is a “load of nonsense” clutching on straws. He goes on to say that unless there is some market equilibrium, the crypto bubble will go bust.
“The bubble is collapsing, and maybe we should see how far this collapse goes, and what is left when we’ve reached a new kind of equilibrium. I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.”
He goes on to issue a precaution saying if “grandmothers invest in this” then there should be fitting regulatory protection on the ground.
Candlestick Arrangement

As Ardo lambasts cryptocurrencies while forgetting that the country’s banking sector is recovering from a $230 billion money laundering scandal involving Danske, XRP volatility is low. in the last day the coin is down 0.3 percent and oscillating within Jan 6 and 7 bars.
Still, this is bullish because bears are yet to erase Jan 6 gains and trading above Dec 28 lows at 34 cents. Our last XRP/USD trade plan is valid, and unless there are satisfying breaks above 40 cents, traders are better off staying on the sidelines.
To highlight previous plans, any drop below 30 cents could trigger the next wave of bear pressure complementing the drain of Nov 2018.
Technical Indicators
XRP/USD is accumulating within a 6 cents range with caps at 40 cents on the upside and minor supports at 34 cents and later 30 cents. Despite this volatility tapering, bulls are in charge.
Therefore, gains above 40 cents should be at the back of high volumes exceeding those of Dec 24—123 million versus 54 million or even Sep 21—751 million versus 149 million.
All Charts Courtesy of Trading View–BitFinex
Disclaimer: Opinions are those of the author. Do your Research.
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