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Altcoin-market analysis – Bitcoin rises, Altcoins are weakening to continue

The total market capitalization of the crypto market rises this week to 11.2 percent and an hour recorded before the week's closing price at 287 billion dollar

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Altcoin-market analysis – Bitcoin rises, Altcoins are weakening to continue

The total market capitalization of the crypto market rises this week to 11.2 percent and an hour recorded before the week's closing price at 287 billion dollars. Thus, the ten percent capital outflow last week, is compensated completely, and a new 14-day High marks. In particular, the strong rise of Bitcoin to over 11,000 US dollars, as well as some of the less Altcoins are responsible for the inflow of fresh money in the crypto market.

From Stefan Lübeck
5. August 2019BTC$11.621,00 0.84%part Facebook Twitter LinkedIn xing mail

This is also reflected in the rising dominance of the Bitcoins that achieved with 69,29 percent, a new high for the year.

The Top 10 Coins show this week, is a mixed picture. The U.S. Dollar value of most of the Top Coins increased. With just under nine per cent and five per cent of the weekly income of most of the Top Coins, Bitcoin, Cash, and Ethereum is less than the increase of Bitcoin falls to but. The tail light under the Top Coins with just a five percent loss on the week view is Cardano. Shame really, had claimed the Cardano-rate in the adverse price developments of the last week still good. The Binance Coin that had been marked in June, a new all-time high, more corrected this week and is currently losing nearly two per cent. This suggests that for the time being, is still not on a sustainable trend in the price of the Top 10 Altcoins.

look at the market capitalisation

total market capitalization on the Basis of values of Coincap shown

The overall market capitalization may, in particular, in the night from Sunday to Monday, the 5th. August, continue to increase and is currently trading in the region of the psychologically important 300-billion-U.S.-Dollar mark. On a positive note, the resistance has been broken at 278 billion US dollars upwards, accompanied by a rise in volatility of the market. In particular, since the weekend, fresh money flows into the crypto-recorded market and should promptly lead to a re-Test of the resistance at 306 billion dollars. Just in time for the end of the summer holidays, the crypto market market similar to the classic shares there are, also, again, larger movements.

it is Noteworthy that the crypto market seems to currently act as a safe Harbor. While the stock prices in the expiration week-ends were part of a more marked price reductions, increases, in particular, the price of Bitcoin strongly. The only sustainable monetary are missing, however, continued to attract net inflows, particularly in the Altcoin market, the capitalization drifting again in the direction of year-to-date highs at 389 billion dollars. It is currently, to observe the total market capitalization and their development.

Best price development: Bitcoin to Cash (BCH)

rate analysis on the Basis of the value pair BCH/USDT on Bittrex

The Bitcoin-Cash-course is in the process of the strongest Altcoin exchange rate ends week in the Top 10. Bitcoin Cash tried currently on exponential moving average of the last 200 days, which runs at 336 US Dollar. In case of breakage of this brand, the objectives of 362 US dollars, of the old horizontal resistance, as well as the 382 US dollars, the top edge of a training bear flag, enabled. In this area the 50% Fibonacci Retracement, is also Level of the last movement. Even if Bitcoin is Cash at the moment developed in a positive way, would be only a fraction from the flag to the top of a really bullishes Signal. Of course, it falls back and breaks the trend channel to the bottom is activated, a new Test of the old lows at 251 US dollars as a goal. The current rise of Bitcoin Cash should not deceive the weak chart pattern. As long as Bitcoin Cash, not the 38.2-percent Fibonacci Retracement Level at 355 US overcome dollars, it can still only be assumed to be a temporary recovery.

The indicators RSI and MACD currently deliver bullish signals, and both of them can increase on a daily basis easily. However, considering both indicators on a weekly point of view, there are still bearish signals read. This mixed picture is therefore, currently there are no clear conclusions, and a mixed overall picture. Therefore, it is important to observe at the moment still, how the price behaves in the coming week and the chart image can be clearly interpreted.

Worst course development: Cardano (ADA)

rate analysis on the Basis of the value-pair ADA/USDT on Bittrex

The Cardano-course didn't make it in the last few weeks, the mid-July, broken uptrend line back. He has left in the week, the training triangle below. Thus we have a classic bearish trend formation. With the break of the triangle, the July, was activated as the target Low at 0,049 US Dollar. This area should be run, and down by pushing, threatening a sell-off into the area of the super trends of the week chart at 0,044 US Dollar. Also, this brand is not, is a start-up of the Demand range 0,042 dollars probably. A possible return can be used in the area of the lower edge of the checked triangle is thus as an interesting Short entry. The stop-Loss is at 0,0655 US dollars, to place just above the highs of the last 14 days, as well as the super trends, from the daily chart.

The RSI and the MACD-indicator in the daily chart are currently different signals. While the RSI with a value of 36, and continues to provide Short-signals, the MACD is still rising slightly. On both indicators, however, have bearish signals, the overall negative image prevails, therefore,. As long as the RSI does not create it in the daily chart, the threshold value of 45 retake, the current Situation does not lighten.

stability of the Top 10

Was the Situation in the last week rather negatively to increases in the market capitalization of the Top Coins in the week to about four per cent, again slightly. The rankings of the Top 10 Altcoins have changed this week two positions. Bitcoin Cash displaced with a strong week of performance Litecoin of course four. The Eos Coin makes a place good and pushes in front of the Binance Coin on place six. The correlation of the Top Altcoins the Bitcoin exchange rate decreases in the sequence from the ends of the week. The Altcoins follow Bitcoin rally of the last few days only partially. It will be important to monitor carefully whether the Top 10 Altcoins manage to follow the Bitcoin in the coming weeks, also positive develop.

winners and losers of the week

The negative development of the Top 100 Coins in the last few weeks, seems currently to have stopped. More than 50 percent of the Altcoin/USD pairs recorded in the climbs of the week at least smaller rate. However, the ALT/BTC to show Charts based on the bitcoin strength, the majority of the South. After a strong Performance in the last week the prices fall back again. The Chart of the Altcoin total market vs. Bitcoin, the super trend in the daily chart, and the exponentially moving to overcome the average of the last 200 weeks and falls back currently back in the direction of the annual low in July.

A look at the Bitcoin domination

total market capitalization exclusive Bitcoin on the Basis of values of Coincap, as well as on the Basis of the value pair is BTC/USD on Coinbase

represented The mixed market environment in this week as the winner of the energy Coin, with 41 percent, and the Tezos Coin with also, nearly 40 percent of the course plus. In particular, Tezos has increased since its Low at 0.82 U.S. dollars in July, a very strong development of hung. Among the biggest losers Egretia Coin with a drop of 21 percent, as well as Basic Attention Token with -12 per cent are to be found. The majority of the Top 100 Coins can increase in the week though, back to fall percentage wise, but more behind the Bitcoin. As in the past editions is suspected, there are currently only a few Altcoins that can be recorded respectable gains.

The correction of the dominance of the Bitcoins is accordingly passed. She rises this week by 3.5 percent to 69,29 percent. A Test of the 70 per cent mark is very likely, resulting in possible targets in 73,94, as well as 77,10 percent. After the bottom of the 65-percent mark from now as a good support.

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.

USD/EUR exchange rate on the cut-off of 0.90 Euro.

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