Altcoin-market analysis – Bitcoin is braced against sell-off

the entire market capitalization fell this week to 171 billion US-Dollar. Within the Top-10 all crypto currencies of course had to absorb losses. While these amount for the majority of seven to twelve percent decreased the price of Bitcoin, only less than a percent.

Dr. Philipp Giese
On 29. April 2019BTC$5.227,00 -0.86%part Facebook Twitter LinkedIn xing mail

the development of the ten-crypto is Shown currencies with the highest market capitalization:

The more negative developments of the last week continued, with All crypto currencies – even the Stable Coin Tether – had to rate to cope with losses. Bitcoin itself was still unscathed, and only lost a percent. So, Bitcoin is in this week the Coin with the best rates.

The market capitalisation fell accordingly from US $ 174 billion to 171 billion US-Dollar.

The current consolidation is reflected, of course, on the rates estimates for the next week: Up on Binance Coin, the price estimates are more or less bearish, according to you should think at the latest after a fall below the Support via a Short Position.

Best price development: Bitcoin (BTC)

Bitcoin as the winner of the week – the one rarely sees. Even if the price of Bitcoin had to lose in the framework of the recent Tether-drama ten per cent, compensated for this course fall only the previous upward movement.

Unfortunately, a look at the indicators of concern: MACD, RSI and Aroon-Up calls fall indicator. In addition, you can in the course of development since the 2. April, a bearish divergence: The price rises, while both MACD as well as RSI will fall. Overall, we therefore come to a more bearish evaluation. Of course, the glide should be the average of the last 50 days currently 4.648,01 US Dollar to fall, a Short Position, the Loss of the Support in the case of 4,899,63 US dollars as a Stop and Support at 4.130,64 to the U.S. Dollar as the Target. The Bitcoin should be able to rise up to the course and the Resistance with a total of 5,658,74 US overcome dollars, a Long Position. As a Target you can aim for the second Resistance in the case of 6.201,US $ 23, while you can put the Stop Loss on 5.440, $ 90.

Worst course development: Bitcoin to Cash (BCH)

at the end of March was able to put the Bitcoin-to-Cash rate dramatically in a very short time to double. Of April, however, was marked by the passage of Double-Tops. Since these heights of the Bitcoin to Cash exchange rate is falling and is testing soon-to-be the moving average of the last 50 days.

A falling, soon the negative MACD, a falling RSI, which is currently at 40, and a high Aroon-Down Signal to lead to a total of last evaluation. It is, therefore, a Short Position, at the latest, the Support 241,80 US Dollar as the Entry, the Minimum between the two Tops at 271,10 US Dollar as the Stop Loss and the second Support 165,30 US Dollar as the Target serve can. Of course, the Resistance should be able to rise in 332,50, offers 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.

the stability of the Top 10

The well-known struggles of the middle and last seats are to be continued. While Bitcoin Cash needs to increase its market capitalization by at least nine per cent of EOS in fourth place, would lead to a price fall of five per cent to a Flippening with Litecoin. Similar to almost the last places within the Top 10 are to each other: A sagging of the Cardano-rate to five per cent would make this crypto-currency behind the Tether, while Stellar eight per cent of the course must show profits to rise over the Stable Coin.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have fallen by almost nine per cent, and have performed so much worse than Bitcoin. Winner of the week is BREATH. The Listing and related Airdrop on Kucoin, as well as the recently announced partnership with Ethos, allowed the rate to 50 percent. Loser of the week REvain, the exchange rate had to fall by nearly 30 percent.

86 percent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoins rose to 54 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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