Bitcoin, Crypto currency, Blockchain

Altcoin-market analysis KW32 – Bitcoin to 15 percent of XRP like, relatively stable

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The total market capitalisation has fallen to 255 billion dollars. Up on XRP all the crypto had to be the Top currencies to cope with 10 losses over ten percent. Also XRP is compared to the previous week to five percent in the Minus.

NamePrice in US dollarsMarket capitalization in billion U.S. dollarsChange of course within the week, in percentCourse evaluationSupport in US dollarsResistance in US dollars
Bitcoin6.956,74119,60-15rather bearish6.691,287.450,70
Ethereum405,1640,98-13more bullish391,69442,14
XRP0,4316,82-5bearish0,430,45
Bitcoin Cash692,6411,97-16neutral673,70771,60
EOS6,996,33-15more bullish6,677,67
Stellar0,244,52-22more bullish0,230,26
Litecoin73,84,26-12rather bearish72,1078,14
Cardano0,133,32-21more bullish0,120,14
IOTA0,902,50-11more bullish0,840,96
Tether1,002,440

Shows the price development of ten crypto-currencies with highest market capitalization, which is given in billions of US dollars.

This week’s sell-off. The courses as a whole were strong, so that all of the currencies of the Top 10 – of course, had to cope with, with the exception of Tether – rate losses. In the case of Ripple, this was still comparatively low, because in the last week mentioned sideways movement continued. Other crypto currencies have lost up to 22 percent – the rather gloomy Outlook in the recent rate analysis of the Top 3 were confirmed and led to a Bitcoin exchange rate of US $ 7,000.

The market capitalisation is accordingly dropped from 294 billion dollars to 255 billion dollars.

A bearish sentiment dominates the market. However, not everything is negative; some courses have landed on the indicators in oversold area. Where you can car quite a Loss for a Long Position with close to the set Stop. In the other hand, further losses are possible. The result is that you should open more Short Positions than Long Positions, and at the latest when the exchange rate has fallen below the given Support.

Best price development: XRP

“Best price performance” is exaggerated; the XRP exchange rate is only like not as deep as other crypto-currencies. Overall, the crypto-currency from the home Ripple keeps threatening close to one since the middle of July, current Support and moving sideways.

The MACD is negative and falling. The RSI is at 41. Overall, therefore, a lot of bids due soon image. One should perhaps not immediately, a Short Position is open, but if the price is below the Support at about $ 0.42 falls, you can take a Short Position open at the Stop Loss at $ 0.43 and the first Target at $ 0.41-elected. On a real Long Position, one can only think, if the development of the course through the EMA100-described Resistance increase, the current $ 0.45. Then you can open a Long Position at which the Stop Loss to 0.44 US dollars (concrete at the height of the EMA50) and the first Target at 0.46 US-Dollar.

Worst course development: Stellar (XLM)

Similar to last week, Cardano Stellar could not get the Pump in an upright position. More than 20 percent of the original price of the Stellar had to give up course. Like a majority of other crypto-currencies within the Top 10 Stellar moves again under a long-term downward trend and below the exponential moving averages, EMA50 and EMA100.

The MACD is negative, but rising MACD line (blue) currently via the Signal (orange). Similarly, the RSI is still below 40, but was previously oversold, so a Reversal of hope and is a rather bullish impression. With a tight Stop Loss to the first Support at 0,23 dollars to use, offers a Long Position, their Targets through the Resistances at $ 0.26 and 0.27 US dollars.

Stability of the Top 10

To a IOTA threatens to fall behind Tether; only 2.5 percent of the Market capitalisations of the two Assets separate. Stellars bad week also led to the distance to the Litecoin has fallen to six percent. Otherwise, the distances are about twenty percent, so you can’t expect from the current state with dramatic Changes in the composition of the Top 10.

Winners and losers in the course of fall

On average, all crypto are like currencies by 19 percent. Thus, all crypto have average of currencies slightly worse than Bitcoin performs. The Top 100 confirm this impression: they are, on average, fallen by 18 per cent.

Only five crypto-currencies within the Top 100 were able to show positive developments. This is with the exception of the Tether to unknown Assets, such as MOAC, ODEM, Metaverse, ETP, or a completely unknown Token named empowr Coin. The latter notched up a whopping 213 percent profit. Moreover, the Coin speaks his claim to be “the most stable coin” to the investors are certainly not responsive. Loser of the week Mithril, which have lost almost half of the course.

A total of 75 percent of the crypto-currencies within the Top 100 with a worse Performance than Bitcoin. The market share of Bitcoin, however, remained 48 percent.

Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

Table data on the Basis of coinmarketcap.com

Chart images on the Basis of the data of bittrex.com and bitfinex.com. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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