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Altcoin-market – Low trading margin in the case of Bitcoin and Ethereum, with possible soil formation

The total market capitalization of the crypto-market managed this week is neither a new high nor a new weekly low to form. The resistance at 268 billion dollars

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Altcoin-market – Low trading margin in the case of Bitcoin and Ethereum, with possible soil formation

The total market capitalization of the crypto-market managed this week is neither a new high nor a new weekly low to form. The resistance at 268 billion dollars, as well as the support in the range of 240 billion US dollars to continue. The capitalization was not able to settle decisively and is currently 258 billion dollars on previous week's closing.

From Stefan Lübeck
16. September 2019BTC$10.229,71 -1.08%part Facebook Twitter LinkedIn xing mail

At the 10 Top crypto-currencies this week shows a rather heterogeneous picture. While the EOS-Coin with a price premium of just under eight per cent, again as a weekly winner, beats Bitcoin SV, a discount of ten percent to beech. Noteworthy is the strong Performance of Ethereum, which can convince with a price increase of about five percent.

a Total on six out of ten of the Top 10 Coins on a weekly point of view, moderate Price declines by one percent. You vary low the previous week's closing price as the reserve currency, Bitcoin. The low volatility of the overall market is also impressive in the sideways current price movements of the Top 10 Coins is thus.

views of the market capitalization

total market capitalization on the Basis of values of Cryptocap shown

the fluctuation of The market capitalization of crypto broad-market declines this week. Neither the upper nor lower edge of the in the last few weeks, trained in the gross margin were ongoing. The support area between 230 and 240 billion US Dollar continues to be in. Also, the resistance area of around 269 billion US dollars, continued to limit the rate fantasies.

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The sagging of the volatility is to a stronger outbreak of hope. However, it seems as if the players in the market overall, the level of the crypto market is currently fairly valued reputation. As long as the market can't break the capitalization on a weekly basis, the brands mentioned below or above, it says for medium-term investors continue to wait for a breakout. Only the breakout from this Range should provide an indication of the future direction of the market in the coming weeks.

A stronger movement of the reserve currency, Bitcoin may end the current sideways phase and a new impetus to deliver. As long as Bitcoin does not start the 11,000 mark, and in the best case, overcomes, is to schedule a further weakness of the overall market at any time. The positive weekly performance of the number two in the crypto-market, Ethereum, lets hope that the soil is found in the Altcoins for the time being, and Resistors should again be a strength.

Best price development: Ethereum (ETH)

rate analysis on the Basis of the value pair of ETH/USD on Bitfinex

The week winner is, strictly speaking, again EOS. As the chart technical evaluation since last week, but nothing has changed, I would like to comment this week, instead, on the development of Ethereum. After successfully passing the Retest of the August lows at $ 166 managed Ethereum to solve more of the 3-month lows and in the weekly comparison, a rate increase of almost five percentage points to generate. Currently, the price tries the super trend from the daily chart at 189 US-Dollar to break through.

Overcomes the Ethereum course, the 190 US dollars, there is increase in chances of in the direction of the 201 US dollars, the top edge of the red marked resistance area. This area may, however, provide only short-term resistance, the price of Ethereum, the key brand at 210 US dollars at the exponential moving attack average of the last 200 days. A break of this brand would give the course a boost and as a price target the area around 232 to 240 US dollars to enable. In this resistance zone, there was change several times in the past to direction, which is why this area is for the time being, see as the maximum price target for the coming week.

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Also, if the chart image of Ethereum has brightened, this looks more like a temporary recovery. The overall downward trend persists. For me, a close Reshort is therefore in the region of this resistance zone is interesting. The Stop Loss should be just above the 245 US Dollar placed the Take Profit at 201 US dollars.

A glance at the indicators shows that the RSI and the MACD are generating in the daily chart a buy signal. The RSI was able to overcome the Key level of 55 and runs more stable to the top. Also the MACD has now arrived back in the positive range. On a weekly perspective, a sale has, in particular the MACD signal. Although the RSI on a weekly basis is slightly on the Rise, however, provides only a fraction of the 45, and ideally of the 55 with a fresh buy-signal.

Worst course development: Bitcoin SV (BSV)

rate analysis on the Basis of the value pair BSV/USD on Bittrex

The price of Bitcoin SV could not use the break of the downtrend line from the beginning of August for further price increases. Instead, the course now runs in a slightly case sideways channel with price target of 102 dollars. Although the price of BSV was at the old support area at 110 US dollars this week, for the time being, stabilize, and from there to just under 10 per cent increase, however the chart continues to be rather bearish. The last days of Bitcoin, SV didn't make it, at the beginning of the week broken exponential moving average of the last 200 days to be restored, conquer and bounced several times down. This makes a start-up of the 100-U.S.-Dollar mark is quite likely.

Overall, the volatility seems to be, however for the time being, something to be out, bulls and bears need to collect only once, and the Situation re-evaluate. On the top of a the importance of the area around 131 to 137 US dollars, where the upper edge of the trend channel as well as the super trend day-to-day runs chart. Only a break of this resistance area on a daily basis would brighten up the chart image and new generate course objectives at the top. As a relevant brand to the 50 Fibonacci Retracement would be at 154 US dollars.

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as Long as the price of Bitcoin, not SV it creates, however, to approach again to the 130 US Dollar mark, there is further downside potential. Accordingly, I favor also in the case of Bitcoin, SV a tight Short in the range of 130 to 131 USD with a tight Stop Loss at 138,50 the US Dollar and the 2 Take Profits in the range of 110 US dollars and 99 dollars.

The RSI and the MACD on the daily chart, accordingly, sell signals. With a value of 38 the RSI is also a good piece to come back in the neutral Zone, which is between 45 and 55. Also on both indicators continue to have sell signals, including a falling character.

stability of the Top 10

The majority of the Top 10 Coins will behave this week, similar to Bitcoin and a low trading range with Closing prices near their previous week's closing prices. The partly considerable price increases of the last week can not be continued. A positive exception is the Eos Coin, which can again rise 10 per cent on the week view. So far, this rate increase is only a rebound from the Declines of the previous month. Bitcoin SV has a single Top Coin a weak performance this week and has to cope with a larger discount. The placements of the Coins, there are this week no changes.

winners and losers of the week

Also, the Altcoin market closes this week mixed. Again this week, more than fifty percent of all crypto-currencies can a price increase to present. With a price premium of 274%, 44.7 million U.S. dollars in sales, the new cryptocurrency Molecular Future, the Top-100 list this week. The Hong Kong-based Service provider has written to the flags, in the future, various services for venture capitalists and Start-ups on the Blockchain to represent.

This business model seems to encounter, especially in Asia, on great demand, according to the Homepage of the project. With a week plus of almost 30 percent, in the case of a very strong week of sales of 190 million US dollars in the project Cosmos can convince this week. The interest of the investors for the Cosmos seems to be still large.

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the loser of The week Nash Exchange is at a discount of 36 per cent. Also Wixlar loses nearly 36 percent of their value. Currently remains to be noted that there is still selective, individual crypto-currencies have a positive week performances have, to rise on a broad Front, however, is not evident.

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

viewed Due to the low volatility of the overall market this week, in this edition of the daily chart of the Altcoin total market vs. Bitcoin. After the launch of the dark green support area to stabilize the price level and a new 20-day High, form. The assumption that was used in the lower edge of the support area for Altcoin purchases, seems to be confirmed. It is still too early to speak of a sustainable Comeback of the alternative crypto-currencies. A re-Test, and the best currencies in case of breakthrough of the green resistance area could be in for a positive development of the Altcoin in the coming time.

A look at the Bitcoin-dominance

The Bitcoin-domination changed this week, only slightly. You could not encounter, the brand of 72,66 per cent, and is the end of the week on the previous week's level 71,85 percent. Also this week, the dominance of the reserve currency is not managed again to break the uptrend channel upward and tends currently to the side. Supporting the super trend from the daily chart, the runs in the area of 71,50 is currently. As long as the domination above the 71,42 per cent quoted currencies, the probability of a dominance shift in the direction of the Altcoin is still low.

to be A start of the activated target 75,32 per cent dominance seems to be but also a lot of hard work for Bitcoin. Also here a sideways trend with a low margin to identify. To the existing support brands nothing will change. Only a fraction of the 69 percent down could enable a possible bearish trend developing in favour of the Altcoins. As a key brand for a more sustainable trend change in the range of 65 percent is therefore still.

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Bitcoin-dominance on the Basis of values of Cryptocap

be represented, The market of crypto currencies can at the moment as a rather cautious and therefore boring described. Although the altcoin market may stabilize this week. After the emergence of a medium-term trend movementnot from ht, it is still, however. For medium-term investors, little action is currently required. It should be on the resolution of the sideways channel in the Chart of the crypto market as a whole maintained.

Disclaimer: The information on this page is the illustrated 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 on the cut-off of 0.90 Euro.

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