Bitcoin spiked down towards the first main support zone near $1875, and it’s currently trading above the $2000 level again. I expect more downside, but trading these bounces with small positions could be lucrative. The $2230 level could cap the current bounce.


ETH’s overnight minimum was around 110, a 40% top to bottom correction. The 100 level and the prior base between 77 and 85 are the obvious levels to watch. The advancing long-term trendline is currently found near 90, providing further strong support.


XRP spiked as low as 0.12 touching the long-term trendline and getting close to its previous line-in-the-sand level near 0.11. As Ripple was already in a deep correction, this might have marked the end of the move (-75% from the top!!) but the prior base near 0.07 is not out of the question.


LTC is in a slightly different technical setup, as it already has been in the process of forming a base between 20 and 24 in recent weeks. This morning it spiked below 20 but it trades above the crucial level again. The 16.5 level is a strong candidate for a final bottom, with the prior base between 12.75 and 14 also providing support.


Dash only joined the party relatively late, so the speculative gains were less pronounced, I expect the prior base between the 70 and 80 levels to hold, with further support at 60. The 85 level could also be in focus as it roughly coincides with the long-term trendline.


XMR gave back most of its recent run, but the 25-27 zone should hold the correction with very strong support in that area. The long-term trendline is also found near 25.

Ethereum Classic

ETC found support near 9.5 this morning with after a more than 50% correction. The prior resistance at 9.15 and the top of the base at 7.5 serve as a primary target for the correction. Further support is around 5.30, but I don’t expect ETC to fall anywhere near that. [Hacked]