Bitcoin prices could crash because the smart money has trapped the bulls.
Ethereum price action shows sell signals.
XRP price action is the most positive, failure level is critical.
The cryptocurrency market is in an unfortunate position. Traders may have been hoodwinked after Monday's rally, which fits into smart Money's game plan as they remain in control of the downtrend. If market conditions persist, bitcoin, Ethereum and XRP prices could be subject to severe liquidity manhunt.
Investing in bitcoin prices right now is a pure gamble
Bitcoin's failure to hold at key levels of $41,500 and $40,000 suggests strong bearish control. Investors still trading may have set stops below Monday's swing low of $38,536, the obvious next target for bears. If the swing low is broken, BTC could disappoint back to 36,000
The low value of the dollar. Bitcoin prices should warrant traders waiting for a break above $43,000 to express confidence that the uptrend will continue. In general, when you're on the right side of the trend, it's okay to miss the top 10%. If BTC can break $43,000, the $51,000 target will be back on the table, resulting in a 30% increase in the current BTC price.
XRP prices have the most potential
XRP prices still look the most optimistic in the cryptocurrency market. XRP has broken out of this month's downtrend wedge and is now retesting the uptrend line. XRP is currently trading at $0.72. The dollar-cost averaging approach is probably the best choice for XRP enthusiasts.
XRP prices are still weakening on the 4-hour chart, adding to the optimism. No bearish candle can match the power of the 10% bullish candle swallowing on March 15th.
The safest failure level would be less than $0.62 in the second supply zone. XRP's long-term target is in the $3.00 area, so any discount from smart Money could have some dramatic impact. If XRP breaks through $0.62, expect everything to collapse. XRP could fall back to $0.44, resulting in a 40% drop in current prices.