Week in review: crypto - currency and stock market

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The market data are taken from HitBTC exchange.

global stock markets: Mixed Outlook for investors

Strong earnings reports helped US stocks. Amazon was able to increase its sales with the highest growth rate in more than six years. The net profit has doubled. The stock jumped on this news to a new record. Other leading technology companies such as Microsoft and Intel were able to record strong profits, but their shares after the initial jumps to new highs. The S&P 500 flattened out in the end, however, and the week fell by only 0.01 percent.

Rising interest rates worldwide continue to be a Problem, since the 10-year yields for U.S. government bonds rose on Wednesday, briefly, about 3.0 percent and the week at 2.96% closed. The 3.0-percent mark is one of the many market participants noticed and important threshold. Meanwhile, the inflation pressure in the US Department of labor. It was reported that wages and salaries are not risen so quickly since the age of 11.

The UK's FTSE was up with an increase of 1.82 percent of the frontrunner. For him it is the fifth week in a row, in the he profits course and now also the highest weekly close since the end of January was recorded.

The historical Meeting between the North and South Korean President eased geopolitical tensions. But it is still to come, many more advances and the markets will be watching new developments closely. The Japanese Nikkei Index rose 1.38 percent and closed at its highest in a week course for 12 weeks.

Chinese stocks are likely to have due to the impending expansion of the U.S. duties on Chinese Goods of poor performance. The trade talks between the two countries will be continued next week in Beijing. The Chinese Shanghai Composite rose this week to 0.35 percent. The Hong Kong Hang Seng fell 0.45 percent.

the Indian BSE 30 Sensex shares could soon the breath go out

Since the Low of 32.483,03 in front of six weeks, the Sensex last week, a rally on 35.065,37 down and up to 7,95% gains. He came a month ago in momentum, as he broke out on a case bull wedge pattern, where he is of his Support by the 200-day average upward jump (brown line).

The rise of 1.61 percent is a result of the completion of the 61,8% Fibonacci Retracements at 34.931,21 and the Index continues to be strong. This seems to show that the Index can at least go up to the next potential Resistance Zone. This rate zone, which is encircled on the Chart in red, can be seen as the bottom of the lower rising trend line and is also a completion of 78,5% Fibonacci Level. This is located at 35.596,51.

British FTSE 100: strong, but on the way in the Resistance

The FTSE is a month ago, also from a bull wedge broken out and has since increased rapidly. He also has every week to a strong conclusion. It increased by 9,32%, and reached last week's High of 7.507,10. Last week, the FTSE has left its competitors behind, as he was able to record a Plus of 1.82 percent and thus above the 61.8% Fibonacci Retracement Level (7.439,0), shot. The week he finished the first Time in 12 weeks, again above its long-term upward trend line. In addition, the FTSE is back above its 200-day average (brown line).

at the same time,the Index is now facing a Resistance Zone on the way to the 78,6% Fibonacci Retracement Level at 7.594, 5. This potential Resistance Zone is located around the multi-month Resistance from the year 2017 and there where 2 rising trend lines come together.

crypto-currencies: a Mixed growth through Retracements

The performance of the eight crypto-currencies on our Chart last week was very mixed. Bitcoin Cash was at the top, because he is risen by 18.2 percent, and Ripple brought up the rear with a decline of 12.9 percent. Overall, however, digital currencies have a rest and are in the early stage of a potential upward trend since your floors from four weeks ago, a rally. Further signs of strength must be awaited in the coming weeks, as the trend structure is to organize and the Pullbacks complete.

eruptions on falling trend lines there were in most of the eight crypto-currencies, which we observe. Some are well over their 200-day average lines increased. Both are evidence of strength. The next buying wave, the currencies above the 200-day average will rise faster, since they show relatively strong when you look at the 200-day average. The following digital currencies are above their 200-day average lines: Bitcoin, Cash, Ethereum, IOTA, Monero and Ripple.

You should remember, however, that in the case of the markets on a breakout through a significant Resistance Zone (for example, a trend line) in the end, once again, a Retracement to the previous progress before the Trend continues. So far the Retracements of the recent strong increase was rather mild. This means that it can very quickly lead to further and deeper Retracements, before the upward trends continue. It would be healthy and normal when that happens. When it comes to the rallies, however, earlier and there are outbreaks on previous trend highs, that would be a sign of strength. But that also increases the chances that the course is outdated itself, and then a more messy Retracement/correction follows.

In terms of the coming week, there is concern that downward pressure could be stronger, if the so-called "Tokyo-Wal" Mt bitcoin of the closed stock exchange. Gox in the market. Estimated 170 million US dollars (140 million euros) or more in Bitcoin have been taken out of the Wallet and can be sold. No one knows what is happening in this regard, really. But the thought of a large seller could dampen investor sentiment and, therefore, the purchase of enthusiasm will dampen.

Ripple

last week, the price of XRP/USD from its bottom at $ 0.45 (0.37 euros) from a month ago, which was exactly at the 61.8% Fibonacci Retracement Zone of the inner downward trends. The High from this week and the upward trend was 0,964 US Dollar (€0.79). This is an increase of 105.9 percent in less than 5 weeks. So far, the Pullback was mild. There was a Support at the intersection between the 38.2% Fibonacci Retracement Level and the 200-day average. Until two weeks ago Ripple was below its 200-day average line.

If he is a decided jump over the High of last week, would be the next target the Resistance Zone of fluctuation highs in February, around the 78,5% Fibonacci line at 1.06 to the US Dollar (€0.87). Then the next target when the variation is high at about $ 1.23 (1.01 euros). A rally above this variation in high-a clearer bull signal for the long-term recovery from the recent correction.

A case under the Support from last week at 0,758 US Dollar (EUR 0.62) leads to a deeper correction, in the case of the Fibonacci Level as a potential Support zones can be targeted, as seen on the Chart.

Bitcoin Cash

Bitcoin to Cash has a similar thickness. He rose last week above its 200-day average line (brown) and this now acts as Support. The rate of BCH/USD has rejected from the bottom the most. He is risen by 162,3 percent, how you could the most High for four weeks of of 1,573 US dollars (1.297 Euro).

If the recent Low of 1.228,90 is broken down, he will probably fall more on the 50% Retracement at 1.086,3, US Dollar (896,24 Euro) and the 61.8% Retracement at 971,40 US Dollar (801,44 Euro). A jump over the High of last week, and then the Fluctuation from February to 1,636, $ 8 (1.350,42 Euro) would be the next clear signs of strength. This would in the medium term, indicate a probable continuation of the upward movement. You have to remember that nothing goes vertically upwards. Pullbacks and consolidations are normal and healthy for the development of a trend.

The market data are taken from HitBTC exchange and the diagrams for the analysis come from trading view.