Technical analysis weekly Bitcoin and Ethereum: April

            

Disclaimer: This analysis could not - in any way - mind the recommendation, but rather an attempt prognosis Expected future price movement, it is also to be taken into account that digital currencies often violate the rules of technical analysis and proceeding prices unexpectedly.

In a sudden movement; rose in the 12 April, the liquidity of the currency market, the digital divide is significantly impetus for digital exchange rates to top strongly, in less than half an hour liquidity rose by about 18% when increased from $17 billion to 21 billion dollars, which led to the strong upward movement of currencies, Bitcoin digital currency price rose from 5293 to 8083 dollars, the currency of Ethereum price has risen from 432 to 519 dollars as well as for the rest of the exchange.
This rise in the level of liquidity i digital currency market active and move the price upward momentum, after he began to be affected by the kind of recession during the days preceding the rise, also gave a glimmer of hope for the return of the price movement to rise again. That after the declaration of some of the giants of Wall street market, such as George Soros, Allen Howard Rothschild family; their intention to invest in the currency market, the digital divide can be say that it already started some actual steps by them in this regard, after the recent stability between the two levels (6500-7400) has given the go-ahead for such new investors to start pumping new liquidity to the market, and we assume this is the sudden high liquidity to about 23 billion dollars after the liquidity swings between the levels of 10-13 billion dollars in recent days. 

Technical analysis of Bitcoin

                                                

 Contributed to the recent rise in liquidity in the payment of the price of Bitcoin snapping the line of colleague who was standing at the level of approximately $7962, after the stability of Bitcoin prices witnessed during the last days, the positive things, which paved the way for this command is enabled Bitcoin prices unchanged over the declining channel created since late last year, despite the PRECARIOUSNESS of the line to the frame of the week.
The positive technical indicators is also continuing fixed over the line which was broken, and the macd indicator is strongly oriented toward the top away from the extremist groups that had arrived (-658).

What needs to Bitcoin to continue to climb?

Despite the recent strong movement, but he could not predict that prices had begun in the upward journey new for bitcoin, there are still many things that must be achieved to announce the start of a new upward journey, as follows:
first: we must maintain the digital currency market at least at the new levels of liquidity, also begins to attract additional liquidity working side by side with the liquidity available to push the exchange rates to the highest digital alphabetization.
Secondly: bitcoin needs to overcome some of the price levels be liberated from the short-term downward trend that started since the fall in prices on the level of 11,700 dollars in March last year, these points in succession is (approximately $8,450, and almost $9050).
Third: It is important that the REFLEXIVE movement pattern is taking shape in the bitcoin falling prices which started since December of last year, or break the resistance point is located at the level of 11,700 dollars. 

Technical analysis of Ethereum

Of good things for Ethereum is that the upward momentum in the digital currency market largely contributed to the success of Ethereum to overcome one of the most important obstacles that stand in the way, during the recent rise of Ethereum managed to get out of the canal and the DOWNSIDE which worked during the past period, the depletion of the value of the Ethereum for Bitcoin.

With the Ethereum managed to penetrate the ceiling falling channel at the level of 495 dollars, the price of Bitcoin more freedom of movement, it is good that this breakthrough followed by flat Ethereum prices during the last two days and the non-return of God had uniquely again in this channel.

Macd indicator gives a positive signal, where the macd rose and became very close to the central region, which is certainly positive for Ethereum, and this enabled the Ethereum to restore part of the value lost in front of Bitcoin; where the value of 0.053672 Ethereum for Bitcoin (5.36% of the price of Bitcoin) to about 0.061944 (6.19%) at the time of the writing of this analysis, note that this value had arrived 0.064686 (6.46%) on the 12th of April.


Ethereum needs at the present time to maintain the cohesion of the prices and not to return to the channel the downside, and then seeking to penetrate the next resistance point, which is located at the level of approximately $653.