News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Join analyst @DavidJSong at 6:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EDT on DailyFX!
  • EUR/USD fell sharply last week and there are few signs yet that the selling is over. However, a bounce is likely before the decline resumes. Get your #currencies update from @MartinSEssex here:
  • The week ahead has many systemic issues that take control of the markets, but scheduled data is heavily skewed to the Dollar. Here is my video for the week ahead:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @PaulRobinsonFX here:
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here:
  • BoE’s Tenreyro says evidence on negative rates are “encouraging” Meanwhile, STOXX Europe Banks Index resides at all time lows
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • Anti-fiat #gold prices suffered the worst week since August as the US Dollar gained ground. Will losses extend? All eyes turn to fiscal stimulus hopes and non-farm payrolls data. Get your #metals update from @ddubrovskyFX here:
Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

2019-04-15 09:25:00
Nick Cawley, Strategist

Bitcoin, Ripple and Ether Price, Charts and Analysis:

  • Bitcoin turnover slows down as traders look for next leg of the move higher.
  • Ripple range trades, Ether’s uptrend remains in place.

IG Client Sentiment Datashows how retail are positioned in a variety of cryptocurrencies.

  • Bitcoin (BTC) trade data shows 80.8% of traders are net-long.
  • Ripple(XRP) trade data shows 97.8% of traders are net-long.
  • Ether (ETH) trade data shows 91.6% of traders are net-long.

Top Five Cryptocurrencies by Market Capitalization – April 15, 2019

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

Bitcoin (BTC) Needs to Break Above $5,650 to Trigger Next Leg Higher

Turnover in the largest cryptocurrency has turned lower in the last few sessions, seemingly keeping prices in check for now. The recent five-month high around $5,460 needs to be re-tested before $5,650 comes into focus. A break and close above here should open the way to $6,110 ahead of a cluster of previous prints around the $6,500-$6,800 area. Support at $4,796 remains.

A Guide to Day Trading Bitcoin and Other Cryptocurrencies.

Bitcoin (BTC) Daily Price Chart (September 2018 – April 15, 2019)

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

Ripple (XRP) Stuck in a Range

The third-largest cryptocurrency has given back most of April’s gains and looks stuck in a range going abck to late-December 2018. The recent peak around $0.38 acts as first resistance followed by the December 24 high at $0.45 which will need a fundamental driver to be broken above. To the downside, support around $0.28 needs to be respected and should hold in the short-term before $0.25 level comes into play. Ripple should continue to range trade for now.

Ripple (XRP) Daily Price Chart (August 2018 – April 15, 2019)

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

Ether (ETH) Supportive Uptrend Needs to Hold

Ether continues to consolidate its recent trend higher, making a series of new higher lows from Mid-December. While this supportive trend continues to suggest higher prices in the short- to medium-term, ETH needs to stay above $160 other a fall back to the $142 area may be seen. To the upside, a break of the recent $187.8 high would open a potential move to $222 ahead of $252.

Ether (ETH) Daily Price Chart (September 2018 – April 15, 2019)

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on the cryptocurrency market – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.