Bitcoin has beaten all important resistance for a buy signal... as we surge higher to 45500 over night

Bitcoin has beaten all important resistance for a buy signal... as we surge higher to 45500 over night

Ripple apparently was base building!! We have shot higher to 7750 & the next target of 8500/8550 - as far as 9120 over night.

Ethereum continues higher as far as the next target of 3200/3230.

Update daily at 07:00 GMT

Today's Analysis

Bitcoin through 23.6% Fibonacci resistance at 41400/500 which I consider to be a buy signal targeting 45400/500 with a high for the day exactly here. If we continue higher this week look for 46600/800. We should struggle to beat this level here but probably only a pause - shorts may be too risky. A break higher targets 49000/500.

Good support at 42600/400 today. However if we continue lower look for a buying opportunity at 40800/500. Longs need stops below 40300.

Ripple beat strong resistance at 7350/7450 for a nice medium term buy signal. Buy & hold!! Targets up to 8500/8550 have been hit as we look for a test of strong resistance at 9480/9580. A break above 9650 is the next buy signal.

Strong support at 8600/8500 failed however but expect strong support at 8300/8200 - longs need stops below 8100. Support at 7350/7250. Longs need stops below 7150.

Ethereum shot higher to all targets as far as 3200/3230. If we continue higher look for 3400/3420 then 3510/30.

Strong support at 3000/2970 then 2840/00.

To subscribe to this report please visit or email

No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Jason Sen

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders.