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Crypto-market analysis – Altcoins in the Wake of the Bitcoin course

The total market capitalization increases to the end of the week for the first time since July, 2018 on the important mark of 300 billion dollars. The Altcoin-s

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Crypto-market analysis – Altcoins in the Wake of the Bitcoin course

The total market capitalization increases to the end of the week for the first time since July, 2018 on the important mark of 300 billion dollars. The Altcoin-share increases for the first Time since August of 2018, on the 120-billion-US-Dollar brand. As it were, the price of Bitcoin can increase its domination by the strong increase to just under 11,300 to a US Dollar to about 62 percent, which is why only a few Altcoins can the Bitcoin rate to outperform.

From Stefan Lübeck
24. June 2019BTC$a total of 10,945,00 1.76%part Facebook Twitter LinkedIn xing mail

However, most of the Top-10 of the Altcoins since Friday night with a strong Performance. While the Bitcoin gains rate to 25 percent, can also boast of Ethereum, a week plus of 17 percent. The Ethereum price rose to the important mark of $ 320. In addition, surprisingly, Ripple (XRP) you can candle with a rise of almost 17 per cent, and a considerable Week of the relevant brand of 0.45 US Dollar to break through. This Ripple will secure the second place in the weekly comparison.

As in the last week, two Bitcoin-Forks Bitcoin Cash (BCH) and Bitcoin SV (BSV) can increase with approx. a 15-percent rate recorded sizable gains. In particular, the outbreak of the Bitcoin-price up to more than the 11,000-US dollars-brand has given the Altcoins fresh wind from the back.

The US Dollar price gains for the majority of Altcoins may, however, not about the continuing dominance of the reserve currency Bitcoin belie. A consideration of Altcoin/BTC, shows many of the couple's new all-time lows against Bitcoin, which is U.S.-Dollar Trades are currently still preferable.

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This development is very clearly in the Chart of the total capitalization of the crypto-market. The overall assessment of the crypto market rises above the psychologically important mark of 300 billion dollars, and come at the end of the week the area around the 335 billion dollars. Here also, the High from July 2018, and the Fibonacci Retracement Level is 61.8 percent of the last movement. The overall market continues to be friendly voted, are likely to back the area around 366 billion US dollars, as well as in the medium term, the old highs from April 2018 at 440 billion U.S. dollars in the focus. In particular, the Performance of the Altcoins will be of great relevance.

rate forecast of the Top 10

The course of developments in the Top-10-confirm Coins can your in the last week mentioned positive views. The bullish price estimates on the larger units of time are rewarded for increases by a majority of strong course. In addition to Bitcoin can be recorded with Ethereum (ETH), Ripple (XRP), Bitcoin, Cash (BCH) and Bitcoin SV (BSV), as well as the Binance Coin (BNB), five of the Top 10 Altcoins double-digit rate increases. Only the bullish Run of Litecoin (LTC) seems to be losing in the last few weeks of travel. The weekly increase was only two percent. A dynamic break-up of the 144-US-Dollar brand would activate the target price of 172 USD.

on the other hand can confirm Ethereum in the last issue, referred to the upward trend this week and on new year highs beyond the 200-US-Dollar mark increase. All other Top 10 Coins have this week a price increase and reflect this in the last few weeks, increased interest in crypto-currencies. Stellar (XLM) is with a price increase of 3.3 per cent, again one of the final lights in the Top 10. Meanwhile, the Ripple price has shaken off the weakness of the last few weeks apparently and is struggling again with the resistance at 0,48 US-Dollar. A break here would enable the price target of $ 0.60.

Best price development: Ethereum (ETH)

The number 2 in the crypto-currencies will benefit in addition to the key currency Bitcoin this week, most of the positive mood on the crypto-market. The price development in the last few weeks is very positive and also a good example of a sustainable upward trend. With the break of the may highs at 289 US dollars managed to make Ethereum a March up to the resistance at 320 US dollars. The passing of a Test of 23,8 percent Fibonacci Retracement Level at 262 US dollars at the beginning of the week confirmed the bullish Outlook.

A break of the weekly highs at $ 320 this week activated new price targets in the Supply/Demand Zone between 372 and 400 US dollars, which is also where the 38.2-percent Fibonacci Retracement of running to the Level of the last movement. Breaks of this area and the positive Trend of the overall market has inventory in the coming time continue to be, in the medium term even goals of 460 US dollars and 550 dollars probably.

The RSI and MACD indicator to deliver on all larger units of time, bullish signals, and in particular the RSI chart on the daily and especially the weekly chart is still air upward. Also, the MACD indicator shows a stable upward trend is a bullish character. The Bollinger bands turn up and run the course to the top, which also supports the positive Trend. In the hour and Four-hour Chart, first Overheating ,which could leave the course in the coming days to make some corrections in show shortly before the close of the week, however.

Here is a Long is Setup with a buy zone between 295 US dollars, and 289 US dollars. The Stop Loss would be just below the 23,8-to place percent Fibonacci Retracement Level at 262 US dollars and the take profits are to be staggered between US $ 370 and US $ 400. Since only a fraction of the US $ 225 would allow a Short Setup, no disclosure of Short Trades for the time being. Similar to some of the other Altcoins, also a Cup formation is shown in the daily chart in the case of Ethereum. This has your price target in the range of 470 US dollars.

Worst course development: Stellar (XLM)

Although Stellar is rising along with the market as a whole to 3.3 per cent, but the Coin is as in the last few weeks, consistently one of the Underperformers in the Top 10. It keeps for weeks, the rumor that IBM wants to exit the partnership with the crypto Start-up. In addition to the a strong uneven Token distribution in favor of the Stellar Foundation is likely to be a main reason for the persistent relative weakness.

Compared to the overall market Stellar comes after his failed escape attempt in mid-may on the spot and taxiert between 11.5 and 14.5 cents. The course therefore also the exponential moving average of the last 200 days varies at 13.1 cents. As long as the price is above the 11.5 cents is the movement similar to the Ripple analysis in the last week. You would then be a sideways consolidation with a Chance to re-attack the cops on the 13.7 cents outcome of a downward trend. Currently the price is trapped in a triangle.

Also, the indicators show a slightly bullishes image. The RSI is showing a slightly bullish trend with the MACD indicator is also slightly bullish. To tend there in sideways phases, indicators, false signals that is about the Tradings for the time being, no action is required. Below the 11.7 per Cent and below the super trend at 11 cents support. A break of 11 cents would be a first bearish character. It should lead to a Test of the lower edge of the triangle at 9.5 cents.

A break of the triangle would, as it were, back to the all-time low from the March in the focus. Of course, on the other hand creates the breakout from the triangle to the top and is 13.7 cents chips sustainably, the objective of the course in the area of the 50-percent Fibonacci Retracement Level at 16.9 to 18.1 cents. This outbreak scenario could Loss be traded with a Long Setup and purchase-of-day closing price above the 13.7 cents, with price target at around 17 to 18 cents, and Stop just under 12 cents.

the stability of the Top 10

The market capitalization of the Top Coins increased this week across the Board. The rankings have changed only slightly. Only Bitoin Cash jumps to fifth place, and EOS behind.

winners and losers of the week

to strengthen The positive image of the last weeks in the Top 100 Coins seems to be this week. The majority of the Altcoins may have had a positive week over the course of. However, the Damocles sword of a potential capitulation in the ALT/BTC Charts over the Altcoins swings as before. Even if the quite considerable increases in value left in the US Dollar overall, a positive overall impression, a lot of Altcoins to the Bitcoin is still rather low.

After all, a good 70 percent of the Top move-100 Coins for the week, closing above the previous week's course. This week, in particular, can convince Lamda (LAMB), with a temporary rate increase of 77 percent. Thus, the crypto currency is listed again among the Top 50. With Hyper cash (HC) and Egretia (EGT), you can also find some of the Coins that have already been performed in the last few weeks, well, once again the biggest winners. Also the loser of the last week Monacoin (MONA) can win again this week, more than 30 percent. The last place in the quark chain (QKC) and Chain (ex-Monaco) will share in this week with a discount of 22 percent. The majority of the development of the Top 100 to rate Altcoins this week, positive.

On the Altcoin-Season you have to wait

The Bitcoin-domination rises this week and is approaching increasingly to the key mark of 65 per cent. The brilliant burst of Bitcoin in the night of Friday, the 21. June, on Saturday, the 22. June, has underpinned the supremacy of Bitcoin again. Also a lot of Altcoins in the wind shadow from the Bitcoin sizable U.S.-Dollar registered gains. To move to total domination but in the direction of the Altcoins, a reallocation of BTC. Then it looks at the time, however.

The Altcoin rally will take place at the moment is at best selective. Investments in Altcoins are recommend, therefore, currently rather against the US Dollar. After such a strong week, it could come to be taking in the coming week, possibly the first profit, here there is calm and possible entry points search. In particular, the brand of 9,400 to 9,500 US dollars in Bitcoin price is to pay attention to.

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 of ETH/USD and XLM/USD

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

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