Ripple’s XRP: Still the dud player
XRP/USD up about eight cents of a percent at $0.334 in a less than 2 percent range for the day, adding to the signs of XRP’s consolidation. On the daily chart, as pointed by this author last week, XRP continues to play southwards in a downward sloping parallel channel whose lower end is around $0.23 currently. Although XRP is currently trading at lower end of the bollinger bands and small bounces can’t be ruled out from here, larger trend still remains lower and any major bounce towards $0.40 will get sold into. Read More @ https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-still-the-dud-player-201901130410?utm_source=tradingview&utm_medium=rss&utm_campaign=254b9d70-7c4b-481b-a94e-aaac0c60ed14
Ethereum Price Weekly Analysis: ETH Could Accelerate Losses Below $121
- ETH price declined heavily this past week below the $146 and $130 supports against the US Dollar.
- There is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken).
- The pair remains at a risk of more losses if sellers push the price below $121 and $120 in the near term.
Ethereum price is trading in a bearish zone versus the US Dollar and Bitcoin. ETH/USD could accelerate losses towards $112 or $108 if there is a break below $121.
Ethereum Price Analysis
This past week, ETH price tumbled below the $146 and $140 support levels against the US Dollar. The ETH/USD pair even traded below the $130 support and the 100 simple moving average (4-hours). The decline was such that the price tested the last swing low of $120-121. Later, the price started consolidating losses and traded in a range above the $121 level. An initial resistance is near the $128-129 zone (the previous support).
Besides, the 23.6% Fib retracement level of the last decline from the $153 high to $121 low is also near the $128 area. Therefore, it won’t be easy for buyers to clear the $128-129 resistance zone. If there is an upside break above $128, the price may climb towards the $138 zone. The 100 simple moving average (4-hours) is positioned near the $138 area to prevent further gains. Moreover, the 50% Fib retracement level of the last decline from the $153 high to $121 low is at $137. Finally, there is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD. Therefore, the $128 and $138 levels are the main hurdles for buyers in the coming days. Read more @ https://www.newsbtc.com/2019/01/13/ethereum-price-weekly-analysis-eth-could-accelerate-losses-below-121/
Tim Draper Paid $18 Million For His First Bitcoin Batch, What’s it Worth Now?
Tim Draper — A Fervent Crypto Bull
To celebrate Bitcoin’s tenth birthday, Tim Draper, the world-renowned American venture capitalist and forward-thinker, wrote an op-ed piece for a recent Coindesk feature series. Draper, whose investor son also believes cryptocurrencies are also tantalizing, noted that it was fifteen years ago when he saw value in digital currencies. However, a viable digital medium of value didn’t appear in Draper’s scope until 2011, when Peter Vincennes, chief executive at Coinlab, met with the investor to introduce him to Bitcoin. Vincennes and Draper hit it off near immediately, with the latter asking for the former to purchase $250,000 worth of BTC on Mt. Gox. Read More @ https://www.newsbtc.com/2019/01/13/tim-draper-18-million-first-bitcoin-batch/
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