Bitcoin, ETHEREUM and XRP prices formed risky patterns before Triple Witching

Common cryptocurrencies like Bitcoin, Ethereum and Ripple formed different risky patterns before the triple event that was closely delivered.

Bitcoin (BTCThe price fell to 83,580 dollars from the highest weekly level of $ 87158, while Ethereum (EthLess than $ 2000 decreased. Tamulization (XrpHe decreased from this week from $ 2.59 to $ 2.35.

One of the possible reasons for this price is that the market participants are awaiting the triple separation event in Wall Street. Triple Witching is the day when the third Friday of March, June, September and December. On this day, stock options, the future of the stock index, and the index options at the same time.

The upcoming Triple-Hitching event will witness future options and contracts worth more than $ 4.5 trillion. Historically, the prices of coded stocks and currency increase the fluctuations that precede, and during it, and after the witch’s event.

For example, the Bitcoin price opened at $ 97777 in the last triple event on December 20. Then it decreased to 92200 dollars and ended today by 97,000 dollars.

The triple witch event for this quarter occurs as concerns about Donald Trump’s tariff He remained. It also comes two days after the Federal Reserve delivery a The steadfast interest rate decision. While officials warned of the recession, Jerome Powell indicated that inflation would be temporary. The Federal Reserve also hinted that it would reduce quantitative tightening policies soon.

Bitcoin price is a height of height

There is a risk that the price of BTC will decrease or after the triple event. It has formed a rising wedge pattern, including two thunderbolt and rapprochement lines. This style is at the top of the double part at $ 108,150, and the death cross formed on March 14. These patterns indicate more negative prices for bitcoin, with the immediate goal at $ 76,890, their lowest level in March.

Ethereum price tribe-top shape

Ether formed a triple style at $ 4,005, with a neckline at $ 2,140. The triple top often leads to a strong landmark, and in this case, it decreased below the neckline. I also moved to less than 50 weeks and 200 weeks, which indicates more than the downside, and perhaps to the psychological point at $ 1500.

The price of the XRP is head and shoulder

Meanwhile, the price of XRP is at risk of collapse even after SEC ended the case of ripples. The main reason for this is that the currency has formed a head and a shoulder of the neck line of $ 1.93, with the shoulders reached $ 3. Failure to nullify this style this week by moving above the shoulder level. Therefore, moving below the neckline at $ 2 risks it to $ 1.