Top 3 Price Prediction Bitcoin, Ripple, Ethereum: BTC/USD targets $8,800 Altcoin season is coming


ETH/USD aims at $220 but may come as a positive surprise.
 XRP/USD falls sharply and targets $0.28.
 ETH/USD presents candidacy to lead the Altcoins towards more attractive prices.
 As we are drawing closer to the end of the week, cryptocurrencies have finally decided to correct and get out of the recent stagnation.


 The extent of the falls is usual in this market  and it is surprising that anybody is surprised.
 A wide trading range is the nature of this market  both to the upside and to the downside.
 The red that stains the portfolios should not distract the exciting situation that presents itself in the duality Bitcoin vs. Altcoins.
 The impact of the falls in the latter is being accelerated and are in more advanced stages of the consolidation phase.

When defining probable scenarios, the data above helps to develop a scenario in which Altcoins complete the process before the Bitcoin does, and even begin to climb while Bitcoin continues in the consolidation phase.



 The ETH/BTC graph provides relevant information. ETH/BTC Daily Chart The ETH/BTC pair is currently trading at the price level of 0.02359 after hitting support at 0.023 on Wednesday (price congestion support), levels unseen since early December 2017.
 The chart is very conducive to a bullish turn – or at least to the formation of a floor.
 Below support at 0.023, the second one is at 0.020 (price congestion support) and the third one awaits at 0.0155 (double price congestion support).
 Above the current price, the first resistance level for ETH/BTC is at 0.027 (price congestion resistance), then the second at 0.0278 (price congestion resistance and EMA50) and the third one at 0.0293 (price congestion resistance).


The MACD on the daily chart shows potential for a considerably bullish configuration.
 It diverges from May’s lows and has made two failed cross attempts.
 The downside margin is minimal.
 The DMI on the daily chart shows bulls losing ground in the past two days after remaining active in the previous 12 days of declines.



 The final leg has frightened a few, but the market bottom thinks the end of the bearish leg is near. BTC/USD Daily Chart BTC/USD is reliable and despite the declines is in the upper range of the current bullish scenario.
 Wednesday’s attempt to attack new highs exhausted King Bitcoin that began falling by sharply by midday  a possibility already contemplated in the previous article.
 Today it has hit $11,500 in price congestion support, and for now, it bounces back up in an increasingly bearish environment.

Read the full topic at
https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ripple-ethereum-btc-usd-targets-8-800-altcoin-season-is-coming-201907111154
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