Binance Coin Mid-Week Analysis – Resistance Levels in Play – 16/10/19

Binance

Binance Coin Price Resistance

It’s been a relatively bullish start to the week for Binance Coin, which was up by 7.97%, Sunday through Tuesday.

A particularly bullish Sunday delivered the lion’s share of the early gains, with Binance Coin rising by 6.33%.

Off the back of 3 consecutive days in the green, Binance Coin struck a Tuesday current week high $19.19 before easing back to sub-$19 levels.

Steering clear of the major support levels at the start of the week, Binance Coin broke through the first major resistance level at $18.59.

Falling short of the second major resistance level at $20, a broad-based crypto sell-off on Tuesday weighed.

In spite of the reversal, Binance Coin recovered late on to gain 0.49% on the day, supporting the solid start to the week.

The near-term bearish trend remained intact, in spite of last week’s solid gains and the positive start to the week. Binance Coin continued to fall short of the 23.6% FIB of $21.

For the bulls, a breakthrough the 62% FIB of $30 would form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.36% to $18.49.

BNB/USD 16/10/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the current week high $19.19 to support a run at the second major resistance level at $20.

Support from the broader market would be needed, however, for Binance Coin to break back through the first major resistance level at $18.59.

A breakthrough the second major resistance level would bring the 23.6 % FIB of $21 into play.

Barring a broad-based rally, we would expect the second major resistance level to limit any upside for the week.

Failure to move back through the current week high could see Binance Coin hit reverse.

A pullback through to sub-$18 levels would bring $16 levels into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer clear of the first major support level at $15.3033.

In the event of an extended reversal, Binance Coin would need to fall through to sub-$16.70 levels to bring the support levels into play.

Looking at the Technical Indicators

Major Support Level: $15.30

Major Resistance Level: $18.59

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -15/10/19

Cryptomania

Bitcoin rose by 0.78% on Monday. Reversing a 0.19% fall from Sunday, Bitcoin ended the day at $8,370.

A mixed start to the day saw Bitcoin fall to an early morning low $8,254 before finding support.

Steering clear of the major support levels, Bitcoin struck a mid-morning high $8,343.6.

Falling well short of the first major resistance level at $8,468.47, Bitcoin fell back to a late afternoon intraday low $8,227.3.

Holding above the first major support level at $8,150.87, Bitcoin bounced back to an intraday high $8,428.2.

Bitcoin fell short of the first major resistance level for a 2nd time before sliding back to sub-$8,300 levels.

Finding late support from the broader market, Bitcoin recovered to $8,300 levels to end the day in the green.

For the bulls, the extended bullish trend remained intact in spite of hovering at sub-$9,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of green at the start of the week.

Stellar’s Lumen and Ripple’s XRP led the way on the day, with gains of 8.4% and 7.3% respectively.

Ethereum (+3.16%), Bitcoin Cash ABC (+1.90%), EOS (+1.84%), and Binance Coin (+1.20%) also found support.

Bitcoin Cash SV (+1.02%) and Litecoin (+0.71%) trailed the pack on the day.

For the day, the total crypto market cap rose from a Monday low $223.92bn to a high $228.17bn before easing back. At the time of writing, the total market cap stood at $227.13bn.

Bitcoin’s dominance continued to sit at sub-67% levels with the likes of Stellar’s Lumen and Ripple’s XRP pinning Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.26% to $8,347.8. A bullish start to the day saw Bitcoin rise to an early morning high $8,439.7 before falling to a low $8,344.3.

Bitcoin came within range of the first major resistance level at $8,456.37, whilst steering clear of the major support levels.

Elsewhere, Bitcoin Cash ABC and Litecoin bucked the trend early on, with gains of 0.24% and 0.23% respectively.

It was red for the rest of the pack, with EOS leading the way down, with a loss of 0.87%.

BTC/USD 15/10/19 Daily Chart

For the Bitcoin Day Ahead

For the day ahead, Bitcoin would need to steer clear of sub-$8,340 levels to support a rebound.

A move back through to $8,400 levels would bring the first major resistance level at $8,456.37 into play.

Bitcoin would need the support of the broader market, however, to break through the first major resistance level.

Barring a broad-based crypto rebound, the morning high and first major resistance level would likely cap any upside.

Failure to steer clear of sub-$8,340 levels could see Bitcoin test the first major support level at $8,255.47.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of sub-$8,100 levels.

Altcoins Weekly Analysis – BNB, EOS and ETH – 13/10/19

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Binance Coin

Binance Coin rallied by 9.28% in the week ending 12th October. Reversing a 0.19% fall from the previous week, Binance Coin ended the week at $17.19.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $14.82 before finding support.

Sliding by 4.24% on the day, Binance Coin fell through the first major support level at $14.75.

Bullish through Monday and Wednesday, Binance Coin gained 6.57% and 10.93% to strike a Wednesday intraweek high $18.11.

Binance Coin broke through the first major resistance level at $16.51 and second major resistance level at $17.31.

2 consecutive days in the red, including a 5.73% slide on Friday, led to a pullback to sub-$16 levels before finding support on Saturday.

The pullback saw Binance Coin fall back through the major resistance levels. A 3.74% gain on Saturday saw Binance Coin break back through the first major resistance level at $16.51.

For the week ahead

Binance Coin would need to steer clear of sub-$16.8 levels to support a run at the first major resistance level at $18.59.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $18.11.

In the event of a broad-based crypto rally, Binance Coin could visit $19 levels before any pullback. We would expect Binance Coin to come up short of the second major resistance level at $20, however.

Failure to steer clear of sub-$16.8 levels could see Binance Coin test the first major support level at $15.30.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of sub-$15 support levels.

At the time of writing, Binance Coin was up by 0.95% to $17.35.

BNB/USD 13/10/19 Weekly Chart

EOS

EOS rose by 2.55% in the week ending 12th October. Following on from a 5.67% gain from the previous week, EOS ended the week at $3.0771.

A bearish start to the week saw EOS fall to a Sunday intraweek low $2.8508 before making a move.

Steering clear of the first major support level at $2.7433, EOS bounced back to a Wednesday intraweek high $3.37.

Driven by a 9.54% rally on Monday and a 2.56% gain on Wednesday, EOS broke through the first major resistance level at $3.1961.

Coming within range of the second major resistance level at $3.3914, EOS saw 2 consecutive days in the red.

The pullback saw EOS fall back through the first major support level to $3.04 on Friday before finding support.

A 0.29% gain on Saturday provided much-needed support following the Thursday – Friday pullback.

For the week ahead

EOS would need to move through to $3.10 levels to support a run at the first major resistance level at $3.3478.

Support from the broader market would be needed, however, for EOS to break through to $3.30 levels.

Barring an extended rally through the week, the first major resistance level and last week’s high $3.37 would likely cap any upside.

Failure to move through to $3.10 levels could see EOS hit reverse. A fall back to sub-$3.00 levels would bring the first major support level at $2.8286 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.8 support levels in the week.

At the time of writing, EOS was up by 0.38% to $3.0888.

EOS/USD 13/10/19 Weekly Chart

Ethereum

Ethereum rose by 1.78% in the week ending 12th October. Following on from a 1.63% gain from the previous week, Ethereum ended the week at $179.86.

A bearish start to the week saw Ethereum fall to a Sunday intraweek low $164.34 before finding support.

Sliding by 3.71% at the start of the week, Ethereum fell through the first major support level at $165.42.

Finding support from the broader market, Ethereum saw 3 consecutive days in the green to before hitting choppy waters.

Off the back of a 6.94% rally on Tuesday, Ethereum struck a Thursday intraweek high $197.93 before falling back to sub-$180.

The rally saw Ethereum break through the first major resistance level at $186.97 and second major resistance level at $197.20.

After a bullish start to the day on Saturday, a reversal later in the day limited the upside for the week.

For the week ahead

Ethereum would need to move through to $182 levels to support a run at the first major resistance level at $196.03.

Support from the broader market would be needed, however, for Ethereum to break back through to $190 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $197.93 would limit any upside.

In the event of a crypto breakout, Ethereum could visit $200 levels before any pullback.

Failure to move through to $182 levels could see Ethereum hit reverse. A fall through to $175 levels would bring the first major support level at $165.6 into play before any recovery.

Barring an extended sell-off through the week, Ethereum should steer clear of sub-$160 support levels.

At the time of writing, Ethereum was up by 0.41% to $180.59.

ETH/USD 13/10/19 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 09/10/19

Binance

Binance Coin Price Resistance

It’s been a mixed start to the week for Binance Coin, which recovered from 4.2% slide on Sunday.

Bearish at the start of the week, Binance Coin fell to a late Sunday current week low $14.82 before finding support.

Tracking the broader market, Binance Coin bounced back with a 6.5% rally on Monday.

Finding further support on Tuesday, Binance Coin struck a current week high $16.39 early on Tuesday before easing back.

At the start of the week, the first major support level at $14.75 limited the downside. On the rebound, Binance Coin came within range of the first major resistance level at $16.51 on Tuesday.

Through Tuesday, bearish sentiment across the broader market left Binance Coin with a 0.25% loss. Things would have been far worse had it not been for a late recovery to $16 levels.

For the current week, in spite of the Monday rebound, Binance Coin was up by just 1.78%, Sunday through Tuesday.

The near-term bearish trend remained intact, following 4 consecutive weeks in the red.

Binance Coin continued to fall well short of the 23.6% FIB of $21. For the bulls, Binance coin would need to break through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.22% to $16.05. A bullish end to Tuesday continued into Wednesday, with Binance Coin holding onto $16 levels at the start of the day.

BNB/USD 09/10/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move through the current week high $16.39 to support a run at $17 levels.

Support from the broader market would be needed, however, for Binance Coin to break through the first major resistance level at $16.51.

In the event of an extended rally through the week, the second major resistance level at $17.31 could come into play.

Barring a broad-based rally, we would expect the first major resistance level to limit any upside for the week.

Failure to move back through the current week high could see Binance Coin come under pressure.

A pullback through to sub-$15.5 levels would bring the first major support level at $14.75 into play.

Barring a broad-based crypto meltdown, however, we would expect Binance Coin to steer clear of sub-$14 support levels.

Looking at the Technical Indicators

Major Support Level: $14.75

Major Resistance Level: $16.51

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -08/10/19

Cryptomania

Bitcoin rallied by 4.37% on Monday. Reversing a 3.43% slide from Sunday, Bitcoin ended the day at $8,227.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $7,793.2 before finding support.

Steering clear of the first major support level at $7,732.07, Bitcoin rallied to a late afternoon intraday high $8,366.1.

Bitcoin broke through the first major resistance level at $8,108,57 and the second major resistance level at $8,334.13.

Coming up against the second major resistance level, Bitcoin fell back to $8,200 levels late in the day.

Following Sunday’s first sub-$8,000 end of the day since the summer, holding onto $8,000 levels was key.

For the bulls, the extended bullish trend remained intact in spite of the latest slide to sub-$8,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of green for the majors at the start of the week.

EOS and Ripple’s XRP led the way, rallying by 9.56% and by 8.04% respectively.

Stellar’s Lumen and Bitcoin Cash ABC weren’t far behind, with gains of 7.87% and 7.42% respectively.

On the day, Binance Coin (6.44%), Bitcoin Cash SV (5.64%), Ethereum (5.92%), and Litecoin (5.63%) saw more modest gains.

For the bulls, the Monday rally reversed Sunday losses for a number of the majors.

On Sunday, Binance Coin (-4.32%), Litecoin (-4.17%), Ethereum (-3.70%), Bitcoin Cash SV (-2.97%), and EOS (-2.89%) had all seen heavy losses.

Through the day, the total crypto market cap recovered from a day low $213.44to a high $223.71bn before easing back. At the time of writing, the total market cap stood at $224.20bn.

Bitcoin’s dominance held back to sub-67% levels following some bullish gains across the majors.

On the news front, some degree of optimism over the SEC’s Bitwise Bitcoin ETF decision by 13th October provided support.

It’s the end of the road for the SEC, who will have to decide whether its time or not. The SEC has no further options to delay the decision.

This Morning

At the time of writing, Bitcoin was up by 0.84% to $8,295.9. A bullish start to the day saw Bitcoin rally from an early morning low $8,226.9 to a high $8,362,0 before easing back.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, Ripple’s XRP (+2.27%), Bitcoin Cash SV (+1.46%) and Ethereum (+1.40%) led the way early on.

Binance Coin (+0.29%), Bitcoin Cash ABC (+0.31%) and EOS (+0.43%) saw the most modest gains in the early hours.

BTC/USD 08/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,362 to support a run at the first major resistance level at $8,464.33.

Support would be needed from the broader market, however, for Bitcoin to break out from $8,300 levels.

Barring an extended broad-based crypto rally, we would expect resistance at $8,400 to cap any upside.

Failure to move back through the morning high $8,362 could pressure Bitcoin and the broader market.

A fall back through the morning low $8,226.0 would bring sub-$8,100 levels into play before any recovery.

Barring a crypto meltdown later in the day, we would expect Bitcoin to steer clear of the first major support level at $7,891.43.

Altcoins Weekly Analysis – BNB, EOS and ETH – 06/10/19

Cryptomania

Binance Coin

Binance Coin slipped by 0.19% in the week ending 5th October. Following on from a 24.79% tumble from the previous week, Binance Coin ended the week at $15.72.

A bearish start to the week saw Binance Coin hit reverse from an early Sunday high $15.85 to a Monday intraweek low $14.58.

Steering clear of the first major support level at $13.06, Binance Coin bounced back through the day.

Off the back of a 4.26% rally on Monday, Binance Coin struck a Tuesday intraweek high $16.34 before easing back.

Falling well short of the first major resistance level at $19.72, Binance Coin saw 3 consecutive days in the red before finding support on Saturday.

The pullback saw Binance Coin fall to $15.10 levels before support kicked in to limit the downside in the week.

For the week ahead

A move through to $15.70 levels in the early part of the week would support a run at the first major resistance level at $16.51.

Binance Coin would need support from the broader market, however, to break out from last week’s high $16.34.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of $17 levels in the week. In the event of a crypto rally, we would expect the second major resistance level at $17.31 to come into play.

Failure to move through to $15.70 levels could see Binance Coin spend a 5th consecutive week in the red. A fall through to sub-$15 levels would bring the first major support level at $14.75 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$14 support levels in the week.

At the time of writing, Binance Coin was down by 1.20% to $15.53.

BNB/USD 06/10/19 Weekly Chart

EOS

EOS rose by 5.67% in the week ending 5th October. Partially reversing a 29.21% slide from the previous, EOS ended the week at $3.0007.

Tracking the broader market, EOS fell to a Sunday intraweek low $2.6812 before finding support.

Steering clear of the first major support level at $2.1542, EOS bounced back to a Tuesday intraweek high $3.1340.

In spite of a 6.8% rally on Monday, EOS fell short of the first major resistance level at $3.7704.

Relatively range-bound through the rest of the week, a pullback to $2.8 levels on Thursday was short-lived. Support at $3.00 ultimately delivered the upside in the week.

For the week ahead

EOS would need to move back through to $3.00 levels support a run at the first major resistance level at $3.1961.

Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.

Barring a broad-based crypto rally, EOS would likely fall well short of the second major resistance level at $3.3914.

Failure to move back through to $3.00 levels could see EOS resume the downward trend. A fall back through to sub-$2.90 levels would bring the first major support level at $2.7433 into play.

Barring an extended sell-off through the week, however, EOS should steer clear of the second major support level at $2.4858.

At the time of writing, EOS was down by 0.96% to $2.9720.

EOS/USD 06/10/19 Weekly Chart

Ethereum

Ethereum rose by 1.63% in the week ending 5th October. Partially reversing a 19.07% slide from the previous week, Ethereum ended the week at $176.73.

A bearish start to the week saw Ethereum fall to a Sunday intraweek low $164.34 before finding support.

Steering clear of the first major support level at $145.52, Ethereum rallied to a Tuesday intraweek high $185.89.

In spite of a 7% rally on Monday, Ethereum came up short of the first major resistance level at $208.86.

Through the 2nd half of the week, Ethereum fell back to sub-$170 levels on Thursday before moving back into the green.

For the week ahead

Ethereum would need to hold onto $175 levels to support a run at $180 levels later in the week.

Support of the broader market would be needed, however, for Ethereum to break through the first major resistance level at $186.97.

Barring a broad-based crypto rally, however, we would expect Ethereum to fall short of $190 levels in the week.

Failure to hold onto $175 levels could see Ethereum hit reverse. A fall back through to sub-$170 levels would bring the first major support level at $165.42 into play.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$160 levels in the week.

At the time of writing, Ethereum was down by 0.69% to $175.51.

ETH/USD 06/10/19 Weekly Chart

The Crypto Daily – Movers and Shakers -03/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rose by 0.97% on Wednesday. Following a 0.03% decline on, Bitcoin ended the day at $8,414.9.

A bearish start to the day saw Bitcoin slide to a mid-morning intraday low $8,193.

Finding support at the first major support level at $8,195.5, Bitcoin recovered to $8,300 levels by mid-day.

Falling well short of the major resistance levels, Bitcoin fell back to $8,200 levels before a late in the day rally.

The late recovery saw Bitcoin strike a final hour intraday high $8,420. In spite of the late breakout, Bitcoin fell well short of the first major resistance level at $8,506.8.

For the bulls, the extended bullish trend remained intact in spite of the slide to sub-$9,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to steer clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was mostly green across the crypto-board on Wednesday.

Stellar’s Lumen led the way, rising by 2.68%, with Ethereum and EOS up by 2.66% and 2.25% respectively.

Ripple’s XRP and Litecoin also managed to find support, rising by 2.03% and by 1.07% respectively.

Binance Coin bucked the trend on the day, falling by 0.13%.

Through the start of the month, the total crypto market cap fell back from a Tuesday high $225.96bn to a Wednesday low $218.49bn before the majors found support. At the time of writing, the total market cap stood at $222.54bn.

Bitcoin’s modest gain left Bitcoin’s dominance largely unchanged on the day. At the time of writing, Bitcoin’s dominance stood at 67.6%.

This Morning

At the time of writing, Bitcoin was down by 0.36% to $8,385.0. A bearish start to the day saw Bitcoin fall from an early morning high $8,440 to a low $8,356.8.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, Bitcoin Cash ABC bucked the trend early on, rising by 0.18%.

It was red for the rest of the pack. Stellar’s Lumen and EOS led the way down with losses of 1.16% and 0.7% respectively.

BTC/USD 03/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $8,400 levels to support a run at the first major resistance level at $8,492.27.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,440.

In the event of a rebound, the second major resistance level at $8,569.63 would likely come into play.

Barring a broad-based crypto rally, however, the morning high and first major resistance level would likely cap any upside.

Failure to move back through to $8,400 levels could see Bitcoin slide back to sub-$8,300 levels before any recovery.

Barring an extended sell-off through the day, the first major support level at $8,265.27 would likely limit any downside.

Binance Coin Mid-Week Analysis – Support Levels in Play – 02/10/19

Binance

Binance Coin Price Support

It’s been a mixed start to the week for Binance Coin, which saw Binance Coin take 3.4% hit on Sunday before finding support.

The reversal saw Binance Coin fall to a Monday current week low $14.58.

Steering well clear of the first major support level at $13.06, Binance Coin bounced back with a 4.3% gain on Monday.

Through a trend-bucking 2nd consecutive day in the green on Tuesday, Binance Coin struck a current week high $16.34.

Falling well short of the week’s first major resistance level at $19.72, Binance Coin slid back to sub-$16 levels late on Tuesday to limit the upside on the day.

The second consecutive day in the green, however, left Binance coin up by 0.95% for the current week, Sunday through Tuesday.

While up for the week, the near-term bearish trend formed at 22nd June’s swing hi $40.27 remained intact. Binance Coin continued to fall short of the 23.6% FIB of $21 following last week’s swing lo $14.34.

In spite of the bearish trend,  however, Binance Coin was up by 151.3% for the current year

For the bulls, a move back through to $24 levels will now be key to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 1.22% to $15.71. It was a  bearish start to the day. Binance Coin slid from a morning high $15.97 to a low $15.59 before finding support.

Binance Coin continued to leave the major support and resistance levels untested in the early hours of Wednesday.

BNB/USD 02/10/2019 Weekly Chart

For the remainder of the week

Binance Coin would need to break through the current week high $16.34 to $17 levels to support a run at the first major resistance level at $19.72.

Support from the broader market would be needed, however, for Binance to break out from $17 levels.

Barring a broad-based crypto rally through the 2nd half of the week, Binance Coin would likely fall well short of $18 levels.

Failure to move back through the current week high $16.34 could see Binance Coin struggle through the week.

A fall back through to Monday’s current week low $14.58 would bring sub-$14 levels into play before any recovery.

Barring an extended broad-based crypto sell-off, however, we would expect Binance Coin to steer clear of the first major support level at $13.06.

Looking at the Technical Indicators

 

Major Support Level: $13.06

Major Resistance Level: $19.72

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -01/10/19

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Bitcoin rallied by 2.98% on Monday. Reversing a 1.8% fall from Sunday, Bitcoin ended the day at $8,331.1.

Another particularly bearish morning saw Bitcoin slide to an early morning intraday low $7,733.3.

Bitcoin fell through the first major support level at $7,926.6 to test the second major support level at $7,763.2.

Finding support from the broader market, Bitcoin bounced back to a late afternoon intraday high $8,385.0.

The rebound saw Bitcoin break through the first major resistance level at $8,256.8. Late in the day, a visit to sub-$8,200 levels was brief, with Bitcoin breaking back through the first major resistance level to wrap up the day at $8,300 levels.

In spite of Monday’s rally, Bitcoin ended September down by 13.38%, with last week’s 19.57% tumble doing the damage.

For the bulls, the extended bullish trend remained intact in spite of the return to sub-$8,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to steer clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was green across the crypto-board on Monday.

Stellar’s Lumen and Ripple’s XRP led the way, rallying by 7.97% and 7.08% respectively.

Ethereum (+6.95%), EOS (+6.77%), and Bitcoin Cash SV (+6.70%) weren’t far behind on the day.

Binance Coin (+4.14%), Litecoin (+4.06%), and Bitcoin Cash ABC (+3.60%) trailed the pack.

While it was a bullish end to the month, it was a particularly bearish September for a number of the majors…

Bitcoin Cash SV and Binance Coin led the way down, with losses of 30.5% and 24.66% respectively.

Bitcoin Cash ABC (-19.07%), Litecoin (-12.81%), and EOS (-10.59%) also saw double digit losses.

Bucking the trend was Ethereum, which gained 5.4%, supported by Monday’s rebound. Stellar’s Lumen and Ripple’s XRP ended the month relatively flat, with losses of 0.35% and 0.14% respectively.

Through the month, the total crypto market cap fell back from a 6th September high $274.02bn to a 26th low $208.12bn before support kicked in. At the time of writing, the total market cap stood at $219.96bn.

With the news wires having been on the quieter side of late, October should be a little more interesting for the majors.

The SEC’s final decision on the Bitcoin ETFs are due this month, which will likely have a material impact on the direction through the final quarter.

Any major rebound could ultimately lead to a resumption of regulatory chatter that has somewhat abated since last year.

This Morning

At the time of writing, Bitcoin was down by 1.02% to $8,246.0. Bearish through the 1st hour, Bitcoin fell from an early morning high $8,357.4 to a low $8,235.5.

Bitcoin left the major support and resistance levels untested.

Elsewhere, Bitcoin Cash ABC bucked the trend early on, with a 0.18% gain.

It was red for the rest of the pack, with Bitcoin Cash SV (-2.46%) leading the way down.

BTC/USD 01/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to hold onto $8,200 levels through the morning to support a recovery later in the day.

A move back through Monday’s high $8,385 would bring the first major resistance level at $8,566.3 into play.

Support from the broader market would be needed, however, for Bitcoin to break through to $8,400 levels.

Failure to hold onto $8,200 levels could lead to a reversal of Monday’s gains. A fall through to sub-$8,150 levels would bring the first major support level at $7,914.6 into play.

Barring a crypto meltdown, Bitcoin should steer clear of Monday’s low $7,733.3.

Altcoins Weekly Analysis – BNB, EOS and ETH – 29/09/19

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Binance Coin

Binance Coin slid by 24.79% in the week ending 28th September. Following on from a 0.14% decline from the previous week, Binance Coin ended the week at $15.75.

A particularly bearish week saw Binance Coin hit reverse from an early Sunday morning intraweek high $21.

Falling well short of the first major resistance level at $22.89, Binance Coin tumbled to a Thursday intraweek low and new swing lo $14.34.

Four days in the red out of 5 saw Binance fall through the first major support level at $19.43 and second major support level at $17.89.

Of greater significance, however, was a slide through the 62% FIB of $19.

Finding support at the third major support level at $14.43, Binance Coin saw 2 consecutive days in the red to wrap up the week at $15 levels.

A third consecutive week in the red led to a near-term bearish trend formed at June’s swing hi $40.27.

For the week ahead

A move through to $17.0 levels in the early part of the week would support a run at the first major resistance level at $19.72.

Binance Coin would need support from the broader market, however, to break out from Sunday’s high $16.21.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the 23.6% FIB of $21.

Failure to move through to $17.0 levels could see Binance Coin spend a 4th consecutive week in the red. A fall through to sub-$14 levels would bring first major support level at $13.06 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$13 levels in the week.

At the time of writing, Binance Coin was down by 0.22% to $15.72.

BNB/USD 29/09/19 Weekly Chart

EOS

EOS slid by 29.21% in the week ending 28th September. Following on from a 0.72% decline from the previous week, EOS ended the week at $2.8394.

A particularly bearish start to the week saw EOS slide from a Sunday intraweek high $4.0163 to a Tuesday intraweek low $2.4001.

Steering clear of the major resistance levels, 3 consecutive days in the red saw EOS slide through the week’s major support levels.

A 25% slide on Tuesday did the damage, with EOS returning to sub-$3.00 levels for the first time since February.

Finding support through the 2nd half of the week, EOS steadied with a move back through to $2.96 levels before easing back.

In a particularly bearish week, EOS failed to break back through the third major support level at $3.1842.

A 2nd consecutive week in the red also reaffirmed the extended bearish trend formed at April 2018’s swing hi $23.03.

For the week ahead

EOS would need to move through to $3.0850 levels support a run at $3.20 levels

Support from the broader market would be needed, however, for EOS to break through to $3.00 levels.

In the event of a broad-based crypto rally, EOS could test the first major resistance level at $3.7704 before any pullback.

Failure to move through to $3.0850 levels could see EOS fall for a 3rd consecutive week. A fall back through last week’s low $2.4001 would bring the first major support level at $2.1542 into play.

We would expect EOS to steer clear of sub-$2.00 levels in the event of another crypto meltdown, however.

At the time of writing, EOS was down by 0.12% to $2.8359.

EOS/USD 29/09/19 Weekly Chart

Ethereum

Ethereum slid by 19.07% in the week ending 28th September. Reversing a 13.77% rally from the previous week, Ethereum ended the week at $173.90.

Particularly bearish through the start of the week, Ethereum fell from a Sunday intraweek high $215.45 to a Tuesday low $157.75.

A 3rd consecutive day in the red saw Ethereum tumble 17.2% on Tuesday. The sell-off saw Ethereum fall through the first major support level at $192.50 and second major support level at $170.93.

Following recovery to $175 levels, Ethereum slid back through the second major support level to a Thursday intraweek low $152.11.

Finding support late in the week, Ethereum broke back through the second major support level to cut the deficit for the week.

For the week ahead

Ethereum would need to move through to $180.50 levels to support a run at $200 levels later in the week.

Ethereum would need the support of the broader market, however, to break out from $190 levels.

Barring a broad-based crypto rally, however, we would expect Ethereum to fall well short of the first major resistance level at $208.86.

Failure to move back through to $180.50 levels could see Ethereum take another tumble. A fall back through to sub-$160 levels would bring the first major support level at $145.52 into play.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$140 levels in the week.

At the time of writing, Ethereum was down by 0.12% to $173.70.

ETH/USD 29/09/19 Weekly Chart