Altcoin-market analysis – Bitcoin Cash and Binance Coin to defy the consolidation

the entire market capitalization fell this week to 174 billion U.S. dollars. Up on Bitcoin, Cash and Binance Coin of all crypto currencies of course had to absorb losses. The prices of XRP, Litecoin and Stellar are even fallen by more than ten percent.

Dr. Philipp Giese
16. April 2019BTC$5.114,23 -1.09%part Facebook Twitter LinkedIn xing mail

shows the price development of ten crypto-currencies with highest market capitalization:

Unfortunately couldn't keep the upward trend of the last week. With a few exceptions, the prices of all crypto had to leave currencies of some springs. There are, however, falls largely no dramatic Rate: Only XRP, Litecoin and Stellar had to give ten percent. At the current price slump, one also sees the Marketing side of the Bitcoin-SV-delisting on Binance: The only two courses that were able to record profits, are Bitcoin, Cash and Binance Coin.

The market capitalisation fell accordingly from 184 billion US $ 174 billion dollars.

The current consolidation low schägt, of course, on the rates estimates for the next week: Mostly slightly bearish one should think, at the latest, according to a case under the Support via the Open a Short Position.

Best price development: Binance Coin (BNB)

compared to The last week you can speak not just of the huge price increases Just under six percent of the Binance-Coin-rate to rise. In fact, the course is located since the end of March on a Plateau. Much has not done so, and whether the upward trend that started at the end of January, remains to be seen.

A glance at the indicators agreed to at least slightly negative: The Aroon indicator is currently in a tie, the MACD and the RSI show a slight downward movement. Since March you can see between the price movement and the MACD-the development of a bearish divergence: The price rises while the MACD falls easily. Overall, we therefore come to a more bearish evaluation. After a fall under the 50-percent Fibonacci Retracement (with respect to a development since the end of January and a to be the Maximum) in 16.57 dollars a Short offers a Position whose Stop Loss at 18,14 dollars and their Targets at the height of the specified Support 14,14, US Dollar and 10,68 dollars. The rate should rise above the first Resistance at 22,01 US Dollar, one can think about a Long Position. The first Target is an output of 26.87 U.S. dollars, while you can set the Stop Loss at 20,13 USD.

Worst course development: Stellar (XLM)

A large part of the positive developments between mid-March and early April, the Stellar had to course. The rate dropped again to the level of the middle of March and is currently testing the moving average of the last 20 weeks. Although this form sliding average and of the last 50 days, and currently a Golden cross, whether or not the leads, however, to rise to the hoped-for course?

From the point of view of the indicators of the Situation is rather bearish: MACD and RSI to fall, while the Aroon Up indicator fell below the 50. Similar to Binance Coin you see here a bullish divergence, in the case between the RSI and the price. The price should fall below the Support at $ 0.10, a Short Position, the first Target at $ 0.09 and the Stop Loss at 0.11 US Dollar. The rate should rise back above $ 0.12, you can think about a Long Position, the Target at $ 0.17 and the Stop Loss at 0.11 US Dollar.

the stability of the Top 10

The market capitalization of EOS and Bitcoin Cash is not much different. The Bitcoin to Cash exchange rate can maintain its upward movement, we will see here soon a Flippening. The Binance-Coin should fall-rate actually, it could happen that the crypto currency has to give up the seventh place in terms of market capitalisation on Cardano: Only eight percent of both Market separate capitalisation. Should Stellar track and finally its current descent, and the rate to five percent, could run the crypto-currency is a danger, to the last place within the Top 10 to fall back.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have fallen by almost seven per cent, and have performed and so it is worse than Bitcoin. Winner of the week, Lambda and Ultrain, each of which show price increases of over 50 percent. In the case of Ultrain the Launch of the Mainnets is certainly responsible for this, while Lambda is probably the Listing on various stock exchanges. Loser of the week Bitcoin SV, whose course had to fall in the Wake of the delisting, on Binance and other exchanges by more than 30 percent.

76 percent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoins rose to 52 percent.

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.

table data on the Basis of coingecko.com

the chart images on the Basis of the data of bitfinex.com

USD/EUR exchange rate on the cut-off: 0,88 euros.

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