Altcoin-market analysis – Bitcoin and Bitcoin to Cash up

the entire market capitalization rose this week to 179 billion dollars. To Binance Coin, Stellar and, in particular, Cardano all crypto could of the Top currencies to show increases in the 10 course. For Bitcoin and Bitcoin to Cash, these amounted to eight and twelve percent respectively.

Dr. Philipp Giese
6. May 2019BTC$5.775,00 1.21%part Facebook Twitter LinkedIn xing mail

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

The negative Trend of the last two weeks, seems initially to have come to an end: All of the crypto in the Top 10 to Binance Coin, Cardano and Stellar currencies remained in front of exchange rate losses, spared. For Bitcoin and Bitcoin for Cash, there was even an annual price increase of eight and twelve percent respectively. The price jump from Bitcoin to Cash ensured that the crypto-currency EOS was able to displace it from the fourth place within the Top 10.

The market capitalisation increased from 171 billion US $ 179 billion US dollars.

About the Sentiments of a "mixed bag". While for Bitcoin and Litecoin rate, Trend, and indicators of a rather bullish estimates, with respect to XRP, Cardano, and Stellar on the more bearish estimates. In the rest of the crypto, the evaluation is currencies neutral. It looks like everything after a kind of calm before the storm. Accordingly, should be oriented to Support and Resistance about meaningful Entries for a Short or Long Position.

Best price development: Bitcoin to Cash (BCH)

In the last week of the Bitcoin Cash could rate significantly increase. Our daily price updates made attention to the fact that, after the price bounced off on the moving average of the last 50 days, he won properly. This is deceptive to the General Trend, however, is the fact that since the beginning of April, still down.

Both RSI as well as MACD are not covered currently. Suitable for this purpose, the Aroon-Down Signal has fallen below 50, so that the total comes to a neutral evaluation. The Support and Resistance Level last week therefore apply. The course should be able to rise about the Resistance 332,50 US Dollar, a Long Position. The Target would be given by the second Resistance at 407,80 dollars, while you can set the Stop Loss on 292,60 US Dollar. A Short Position provides, at the latest, when the Support 241,80 US Dollar. These can be used as an Entry, while the Minimum between the two Tops at 271,10 US-Loss of the Dollar as a Stop and the second Support 165,30 US Dollar can be used as a Target.

Worst course development: Cardano (ADA)

Cardano was able to, up to a temporary Pump at the beginning of April, not from the rest of the upward trend in benefit. A consistently followed a downward trend and made profits from 2. April to nothing. In the meantime, the price is under the moving average of the last 50 days will be like.

A negative, if not more, falling, MACD, RSI at 40 and Aroon-Down Signal bearish evaluation result more. The course should fall under the Support at $ 0.06, a Short Position. The Target would then be $ 0.04, while the Stop Loss at the Resistance of $ 0.07. This is overcome, one can think about a Long Position. Stop Loss would then be the previously mentioned Support at $ 0.06, while as the Target of the second Resistance at 0.09 US$.

the stability of the Top 10

Still applies: one of The biggest Flipping-potential is found on the middle and last places. Bitcoin Cash could conquer the EOS in fourth place within the Top 10, however, disconnect both Market capitalisation less than three percent. Also Litecoin is not far behind: Should increase the market capitalisation of the digital silver of ten percent, it would rise above the EOS. Very similar Figures can be regarding Tether, Cardano and Stellar. It should come in Cardano to a small increase of three per cent, it would come with a Tether to a Flippening. The Market capitalisation of Stellar and Cardano separate, finally, only eight percent. With a 21 percent smaller market capitalization Tron is still number 11, however, is currently not a Pump of Justin Suns crypto-currency to see, the Stellar could be dangerous.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 fell to one percent and have performed so much worse than Bitcoin. Winner of the week Horizon, the price could rise to about 20 percent. Events such as the Listing on Coinvest may have an influence. Loser of the week is the BREATH, its rate had to fall by almost 25 percent.

93 per cent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoins rose to 56 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 binance.com and kraken.com

USD/EUR exchange rate at the time of writing: 0,89 Euro.

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