at the beginning of the week, the overall market started off positive. He reached to the middle of the week the strong resistance at 268 billion dollars, where the market capitalization rebounded down again. Currently, the capitalization of all the crypto-listed currencies, as at 254 billion US dollars. It is located in the vicinity of the closing price from the previous week. Thus, it could be a new week high over the last week is generated. The resistance to the 270 billion dollars, however, is still in existence.
From Stefan Lübeck
23. September 2019BTC$9,785 of,26 -0.54%part Facebook Twitter LinkedIn xing mail
At the 10 Top-Crypto-currency-this week, a majority of the positive image. In particular, Ethereum, with 11 per cent, but also Stellar, with a Plus of 18 percent can convince. Also, Ripple, Litecoin and Cardano have solid rate increases of around five percentage points. Weak the strongest crypto-currency of the preceding weeks, EOS, on the other hand, with a discount of four per cent, as well as Monero with a loss of 4 percent. The 3 per cent loss of value in Bitcoin have had a positive effect overall on the other crypto-currencies out.
views of the market capitalization
total market capitalization on the Basis of values of Cryptocap shown
First, it is positive to note that the volatility of the currency market capitalisation of all the Crypto has again increased. The top of the in the last few weeks, trained trade margin edge at 269 billion US dollars, however, could only be overcome in the short term. In consequence, they fell back again in the old sideways channel. The sudden start-up of the trading range on Wednesday, the 18th. September, might indicate that a stronger outbreak is more likely. The Problem currently is that so-called connection purchases absence so far. The market capitalization should generate a weekly close above the channel top edge, for medium-term investors to attract. Interestingly, the Situation in the key currency, Bitcoin is, as it were, for a long-term sagging below the psychological 10.00 mark is likely to create selling pressure in the overall market. More encouraging, the increases in the case of multiple crypto act as more currencies in the Top 20.
Best performance: Stellar (XLM)
rate analysis on the Basis of the value-pair STR/USDT on Poloniex
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After the descent from the Top 10 Coins, Stellar has lost value continuously, was able to stabilize but in the last week in the area of 0,057 USD. At the start of the week Stellar come up then with a strong days plus and in consequence of an interim rate increase of 54 percent generate.
One reason for this is likely to be News regarding a possible collaboration with NEO. The increase of Stellar ranged exactly in the resistance zone in the area of the 38-Fibonacci-Retracements of the entire downward movement since mid-may. Since the Reach of the week’s highs at 0,090 US Dollar, however, there was an impressive bearish counterattack, the bulls at a cost of more than half of the upward movement. The week plus of more than 18 percentage points, was enough for Stellar yet again in tenth place in the crypto-advance currencies. Although the exceptionally strong upward movement acts as a temporary relief, but is the chart for the bulls only above the exponential moving average of the last 200 days in 0,097 US Dollar sustainably friendly.
The Chart of Stellar currencies can be used to exemplify the movements of some of the Crypto in the last two weeks. Strong rate accompanied increases in the subsequent large Sales. Only in the case of a break of the resistance to 0,097 US dollars, the course activated target in the area of the 61s-Fibonacci-Retracements at 0.11 US Dollar. As a support, 0,067 US Dollar and ultimately the all-time low last week at 0,057 US Dollar act now.
As a good opportunity offers, the risk ratio for a Long Trade, would be a cost in Reach of 0,062 US Dollar makes sense. The Stop Loss should be closely under the 0,057 USD 0,055 US Dollar placed. The Take Profit is at the upper edge of the resistance area at 0,0935 US dollars, which is also the exponential moving average of the last 200 days, placed.
indicators despite the bearish
rise in long-term look at the indicators, the RSI and the MACD-indicator in the daily index chart due to the strong bullish movement this week, some oversold signals. In particular, the RSI should not drop below the threshold value of 45, to be able to in a timely manner, a further bullish movement to trigger. On a weekly perspective, both of these indicators are to be assessed, however, continue to be as bearish. While the RSI may comprise at least one first pulse to the North, and next week, the 45 could be launched, indicated the MACD is still lot of bids due soon Momentum.
Worst course development: Eos (EOS)
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rate analysis on the Basis of the value pair EOS/USD on Bitfinex
After two strong weeks, the Eos Coin must now springs. The upward movement is thus stopped for the time being. Since Eos is not reached in the penultimate analysis of the market raised the initial target for the Short Setup, I take this as a weakness of the bulls. Eos failed already at the 38 Fibonacci Retracement of 4.23 US Dollar and is currently trading about 12 per cent lower at 3.79 US dollars. Thus, the Eos-rate is not managed, the breakage of the red downtrend line for a more sustained increase in in the direction of the exponentially sliding means of the value of the last 200 days. Whether it is merely a re-Test of the downtrend line from the top and the cops dare attack us again, or the recent Low at $ 3.11 again, one remains to be seen.
however, As in the case of Eos is also a well-hedged Long Trade is offering, is a multi-level entry between 3.53 US $ 3.30 US dollars, which is also the super trend in the days runs Charter, need to be considered. This Trade should be provided Loss with a Stop at 3,03 dollars and a Take Profit in the area of the red resistance zone at ~4,70 dollars. In the range of $ 4.68, then the 14 days mentioned Short Setup could be traded. The price should fall, however, and the Low of 3.06 dollars progress on a daily basis, would be as a target of the range of 2.40 to 2.20 US dollars to imagine.
The RSI and the MACD on the daily chart of the different signals. While the RSI falls significantly and with a value only slightly above the 45-brand listed, signal the MACD is a buy, tips but also slightly downwards. On a weekly perspective, the RSI has failed at the threshold value of 45 so far and therefore still tends to be bearish to be classified. The MACD in the weekly chart has also also sell signals. He also has a lot of space to the bottom, which is why the mentioned Long Trade as speculative, is to be classified.
stability of the Top 10
This week in the Top 10 Coins, the majority of a positive chart the course. While Bitcoin Cash, Bitcoin, SV and the Binance Coin to the previous week’s closing note, is currencies in the strongest Crypto in the Top 10 in particular, the Comeback of Stellar on a positive note. Because at the same time the previous number ten, Monero, ended the week weak, go Stellar and Monero positions. The week tee and simultaneous case, to place eleven is in the case of Monero, possibly with News about anonymity issues in transactions. Also, the assumption that the strength of the past few weeks is, to date, only of a temporary nature is confirmed by Eos Coin.
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The weakness in Bitcoin also has the Top 100 crypto currencies, partially give a boost to. A good 60 percent of all altcoin currencies have this week a price increase. The crypto currency Swipe to swing to the weekly winner, a rise of 156 percent. With the crypto-currency 0x also an old Acquaintance, and could start a bullish rally, with a price premium of about 44 percent. Among the crypto currencies with the largest rate reductions, the crypto-projects Monacoin and Kucoin Shares with -22% and -17 percent. It must be mentioned, however, that some of the crypto managed of the currencies in the week short-term strong price increases reported. For example, the Raven Coin, as well as the crypto-currency Ripio Credit Network could have a temporary doubling of the price. Sustainable increases on a broad Basis, however, for the time being continue to.
total market capitalization exclusive Bitcoin on the Basis of values of Cryptocap, as well as on the Basis of the value pair is BTC/USD on Coinbase
The daily chart of the Altcoin shown-total market vs. Bitcoin shows very clearly how the crypto-currencies on Wednesday up in the resistance range to rise, this level however, for the time being not to break through could. Currently it looks like a flag formation. Only a sustained rise above the red downtrend line would indicate a sustainable reversal of the velvet Altcoin rally, and on a wider Front. The formation of higher highs and higher lows on a weekly basis is to be noted here, as a first step. Without a break of the green resistance area some hope, as a comparison, the horizon is missing from the past.
A look at the Bitcoin-dominance
the dominance of The reserve currency fell at the start of the week, the first relevant support in the Form of the super-trends from the daily chart at 71,42 per cent. In the result of the dominance of up to 68.8 percent, and fell again. You tested the in the weeks before the disturbed red Downtrend from the top. Here, the domination bounced several times up and rest a few hours before the close of the week with a value of 70,46 percentage points well. As the resistance of the 70,95 per cent and 71.8 per cent, act now.
it was an outbreak of the Bitcoin exchange rate over 10,500 US Dollar is likely to bring the Bitcoin domination back on track in the direction of the year highs at 73,40 per cent. As an important support area between the level of 66.7 and 67.7 percent from crystallized on the bottom, however. In this area is likely to show whether the alternative crypto-currencies can steal the Bitcoin market share. For a sustainable reversal of dominance in favor of the Altcoins would drop Below the Key level at 65 per cent on a weekly basis is crucial.
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Bitcoin-dominance on the Basis of values of Cryptocap
The crypto-market: thanks to volatility in new and exciting
presented The Situation on the crypto-market is at least due to the increased volatility this week considerably more exciting. Sure, a wait-and-see attitude is recommended. However, investors can currently use, at least with a small share of the crypto-vaults on possible Altcoin rises. As a rule of thumb, those crypto should be selected currencies, which have generated in the last few weeks, no deeper lows and more. As an interesting target area for the possible sale of the order of the exponential moving is, in my opinion, mean to take into account the last 200 days. For medium-term investors to take action, however, continues to be hardly necessary.
Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
The chart images have been using trading view created.
USD/EUR exchange rate at the time of writing: € 0.91.
More:
market commentary: Stellar, Cardano and Ethereum as harbingers of the Altcoin Season? Altcoin-market – Low trading margin in the case of Bitcoin and Ethereum, with possible bottoming out Keybase: A Two-billion-XLM-Airdrop for the Community#EOS#Stellar
