Altcoin-market analysis – Bitcoin SV increases by 30 percent, a trend reversal in Altcoins?

After a strong tee-to-week at the beginning of the crypto market is stabilizing, the total market capitalization listed on the six hours prior to the end of the week on the previous week's level of 275 billion dollars. The dominance of the Bitcoins (BTC) is listed from the previous week was also nearly unchanged, after he had scratched under of the week at 70 percent.

From Stefan Lübeck
22. July 2019BTC$10.261,00 -1.24%part Facebook Twitter LinkedIn xing mail

After all the Top 10 Coins last week is still strong, the price reductions have meadows, this week a positive image. Apart from Ethereum with a loss of 3.5 percent for all of the Top 10 Altcoins on week view, even a larger price increase than the price of Bitcoin. The winner of the week among the Top Altcoins Bitcoin is SV with a week plus of over 30 percent.

Also, the prices of Bitcoin to Cash with 11 percent and Litecoin, with almost 9 percent can convince. After weeks of weakness a lot of Altcoins can outperform the base currency of Bitcoin is currently easy. Of a sustainable reversal of the trend can not be spoken to at the time. After all, a lot of Altcoins-Bitcoin lift since the middle of the week-pairs against the surrender tendencies of the last time.

A look at the Altcoin market capitalization

The total market capitalization at the start of the week to 234 billion dollars and tested again the support area at around 230 billion U.S. dollars. Mid-week, the price rallied up to the resistance area at 290 to 300 billion US dollars. For the time being, the important mark of 225 billion US dollars, in which the slide runs to the end of the average of the last 20 weeks seems to be Holding.

as Long as the mark of 300 billion US Dollar is on a weekly view, but not back Robert, the bullish Trend is still in danger. Only a sustained break of this brand on a weekly basis, the upward trend should gain momentum again. It is considered, in addition to the logarithmic weekly chart of the Altcoin market capitalization, it is striking that here, too, the since October, 2016 ongoing upward trend was the subject this week of a successful audit. The support at 74 billion US dollars should be offered, and threatens a retest of the range to $ 60 billion.

Best price development: Bitcoin SV (BSV/USDT)

The Bitcoin-SV-price can then have this week a very strong Performance. To stabilized the start of the week, the price in the range of the exponential moving average of the last 200 days and started a price rally, with a price premium of 75 percent from the week to be week high at 186 US dollars. There, the price rebounded to the high for the year ahead, the downward trend line and is currently trading at 168 US dollars. Bitcoin SV, the week creates high to break through, and on a daily basis above the downward trend line to conclude, there is increase in chances of up to 213 US Dollar, to 78.1 per cent Fibonacci Retracement Level.

In this area, the upper Bollinger Band is also in the daily chart, which bends up currently slightly. In case of breakage in this area, the horizontal resistance at 233 US dollars would be, where in addition, the 88,6 percent Fibonacci Retracement of runs in a Level, a ableitbares target. As long as the price can stabilize on a weekly basis, above $ 150, there is a good increase in opportunities.

The RSI and the MACD-indicator in the daily chart are currently different signals. The RSI has exceeded the value of 45, and indicated also a bullish divergence. The mark of 55, this would enable a further buy-signal. The MACD indicator is weakening, however, on a daily basis and provides no bullish signals.

to give A break of the downtrend line but the MACD a new buy signal. An interesting Long-Trading-Setup a re-Retest of the 155-US-Dollar brand, from there, of course, could try once again to overcome the downtrend line and the area is 195 US dollars, and it is 213 US dollars to be approached. The Trade is a Loss with a close Stop just under US $ 144 hedge.

Worst course development: Ethereum (ETH/USD)

The Ether-course fell into the flow of the week ends again. He tested the since December 2018, pursued the upward trend in the range of US $ 190. The rate could stabilize at this brand and for the time being of the week lows to solve. Currently the course is listed with a weekly discount of three percent, which is slightly above the exponential moving average of the last 200 days (EMA200) at 225 US dollars.

Ethereum could not conquer on the resistance range to about 230 dollars so far and is performing at the moment worse than the other Top 10 Coins. Only a fraction of this brand would give the course and a Test of the upper edge of the forming triangle ends at 260 US dollars to enable. The course, however, in the case of a weakness in the overall market, again disproportionately, and the upward trend line breaks on a daily basis, the target price of $ 160, and underneath the target area of around 145 US dollars.

The indicators on both a mixed picture. The MACD indicator shows in the daily chart very clearly the development of a bearish divergence and continues to the South. On a weekly basis, the MACD is Rising, however, still slightly on. The RSI was formed on a daily basis, while a bullish divergence, but managed in the expiry week, not to exceed the threshold value of 45 and a bend is currently slightly. Also the RSI on a weekly basis, with a value of 49 currently to the South, breaks the 45, that would be another sell signal.

It outweighs thus, overall, the bearish overall picture is seen. It is a positive development that the upward trend line and the Demand was respected Zone in this area is very clean. The battle for the EMA200 will decide whether once again the resistance area at 233 US dollars is to be tested by the cops or there is a need for a re-test of the uptrend line, in order to strengthen the level of the course. Bullish the Chart is only during the re-conquest of the area around 277 US dollars, as well as ideally the 289 US dollars.

the stability of the Top 10

After a weak start of the week, the market capitalization of the Top Coins rose for the weekend, the majority in the mid-single-digit percentage range. Only Bitcoin SV can grow above-average. The rankings of the Top 10 Altcoins change in the past week in two Places. The Binance-Coin, the BNB may displace the once again weak EOS Coin (EOS) from the sixth place in the ranking. In addition, Tron (TRX) with a price increase of 8 percent can Coi the n Stelllar (XLM) again from the tenth place to push. The Top 10 Altcoins can stabilize after two weak previous weeks in the today, running week by a majority. It remains to be seen how the bitcoin price will be in the coming week, and whether the Altcoins can benefit from it. The annual highs of the Top 10 Coins but still a good piece, which is why the course can be interpreted this week, to date, as a recovery of part to strong sales of the previous weeks.

winners and losers of the week

In the Top 100 Coins, the majority continues to be bearish price development on a weekly continue to be. Many Altcoins do not have to suffer in the week, once again, strong Price declines. Less than 20 Coins have a price increase. On a positive note, however, that the Altcoin-Bitcoin-Charts could solve at least part of the week lows on Monday and Tuesday. Exemplarily, the altcoin total market vs. Bitcoin has executed the planned target area.

Among the few Top-100-Altcoin-winners, with the OKB Coin and Huobi Token two tokens of the major Exchanges. It is conceivable that this crypto could offer exchanges in the future, in the Initial Exchange Offerings à la Binance and imagination benefit. Among the losers Chain (-33 percent) and Walton chain (-25 percent), with Crypto.com two of the projects had performed in the last weeks. Here were realized by the investors profits. Still weak Zilliqa with a discount of 19 percent is to be recorded so that the Two-week point of view, a drop of almost 60 percent.

Bitcoin-the dominance of just under 70 percent

The Bitcoin-dominance in the expiry week, the target, the exponentially moving average of the last 200 weeks in 69,59 percent, processed, and is currently trading at 68,02 percent. The shape of the weekly candle suggests that at least on a short-term correction of the Bitcoin domination. A possible destination for the 65-percent mark. The development of the end of the week corresponds with a number of small price rallies in the Altcoins in the last few days. But it's still much too early to speak of a sustainable turning bullish overall trend in Altcoins. Only when the dominance of the BTC falls under the brand of 57,50 percent, could clear up the Altcoin-heaven, and possibly a new Altcoin rally use.

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. To be considered, the value pairs BSV/USD bittrex.com and ETH/USD bitfinex.com

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

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