The Crypto Daily – Movers and Shakers -31/10/19

Bitcoin 1

Bitcoin slid by 2.78% on Wednesday. Reversing a 2.34% gain from Tuesday, Bitcoin ended the day at $9,184.3.

Bearish through the morning, Bitcoin slid from an early morning intraday high $9,446.9 to a mid-afternoon intraday low $9,035.0.

Falling short of the first major resistance level at $9,636.87, Bitcoin fell through the first major support level at $9,177.07.

Finding support through the latter part of the day, Bitcoin bounced back to $9,200 levels before a final hour pullback.

In spite of the pullback, Bitcoin held above the first major support level at the day’s end.

For the bulls, the extended bullish trend remained intact in spite of failing to break out from the 38.2% FIB of $9,734. Bitcoin has 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 mixed day for the majors on Wednesday.

Bitcoin Cash ABC bucked the trend on the day, rising by 0.15%.

It was a bear trap for the rest of the majors, which gave up strong gains from the early hours of the day.

Tron’s TRX led the way down, sliding by 8.98%. The loss came in spite of the Chinese government’s latest blockchain rankings.

Stellar’s Lumen (-5.03%), Ethereum (-4.00%), Bitcoin Cash SV (-3.77%, EOS (-3.76%), Binance Coin (-3.42%), and Litecoin (-3.16%) also saw heavy losses.

Ripple’s XRP was also in the red, falling by a more modest 2.36% on the day.

Through the start of the week, the total crypto market cap hit an early morning high $257.76bn on Monday before sliding to a Wednesday low $243.12bn. At the time of writing, the total market cap stood at $246.72bn.

Bitcoin’s dominance held steady 67% levels as the broader market hit red, while trading volumes hovered at sub-$100bn levels.

This Morning

At the time of writing, Bitcoin was down by 0.03% to $9,181.8. A mixed start to the day saw Bitcoin rise to an early morning high $9,232.9 before falling to a low $9,165.0.

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

Elsewhere, Bitcoin Cash SV and EOS joined Bitcoin in the red, with losses of 0.99% and 0.25% respectively.

It was positive for the rest of the pack, Litecoin (+0.85%) and Stellar’s Lumen (+0.70%) led the way early on.

BTC/USD 31/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,250 levels to support a run at the first major resistance level at $9,409.13.

Support from the broader market would be needed, however, for Bitcoin to break through to $9,300 levels.

Barring a broad-based crypto rally on the day, the first major resistance level and Wednesday’s high $9,446.9 would likely cap any upside.

Failure to move through to $9,250 levels could see Bitcoin spend another day in the red.

A fall through to sub-$9,100 levels would bring the first major support level at $8,997.23 into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of sub-$8,900 support levels.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/10/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

A bearish start to the week saw Binance coin fall to a Sunday intraweek low $18.46 before finding support.

In spite of the early pullback, Binance Coin steered clear of the first major support level at $16.44.

Finding support from the broader market, Binance Coin rallied to a Monday intraday high $21.31 before easing back.

Binance Coin came up against the first major resistance level at $21.15 before sliding back.

Of greater significance, however, was a breakthrough the 23.6% FIB of $21 before the pullback.

The reversal saw Binance coin pullback to sub-$20 levels before finding support.

Steering well clear of the major support levels, Binance Coin bounced back to a Tuesday high $21.29 before easing back to $20 levels.

Binance coin once again broke through the 23.6% FIB before the pullback to sub-$21 levels.

In spite of the choppy week, it’s been 3 consecutive days in the green for Binance Coin, which was up 9.5%, Sunday through Tuesday.

The near-term bearish trend remained intact, in spite of 3 consecutive weeks in the green and the positive start to the week. Binance Coin continued to struggle at 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 down by 1.62% to $20.46. A bearish start to the day on Wednesday saw Binance Coin slide from an early morning high $20.89 to a low $20.13.

BNB/USD 30/10/19 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the 23.6% FIB of $21 to support further upside in the week.

Support from the broader market would be needed, however, for Binance Coin to break out from the first major resistance level at $21.15.

Barring an extended rally into the weekend, Binance Coin would likely come up short of the second major resistance level at $23.31.

Through the middle of the week, holding onto $20 levels will be considered key to support the upward momentum.

Failure to move back through the 23.6% FIB could see Binance Coin come under pressure.

A pullback to sub-$20 levels would bring the $18 levels into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer well clear of the first major support level at $16.44.

Looking at the Technical Indicators

Major Support Level: $16.44

Major Resistance Level: $21.15

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -29/10/19

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin slid by 3.64% on Monday. Reversing a 3.2% gain from Sunday, Bitcoin ended the day at $9,225.7.

A bullish start to the day saw Bitcoin strike an early morning intraday high $9,948.9 before hitting reverse.

Bitcoin broke through the 38.2% FIB of $9,734 and the first major resistance level at $9,890.07 early on.

The reversal saw Bitcoin fall back to a mid-day low $9,300 before finding support.

Steering clear of the first major support level at $9,187.37, Bitcoin recovered to $9,400 levels before a final hour sell-off.

A broad-based final hour sell-off saw Bitcoin fall to an intraday low $9,216.8 before steadying.

For the bulls, the extended bullish trend remained intact in spite of failing to break out from the 38.2% FIB of $9,734. Bitcoin has 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 mixed day for the majors on Monday.

Binance Coin and Bitcoin Cash ABC led the way, gaining by 3.15% and 0.62% respectively.

The late sell-off saw Stellar’s Lumen (-1.16%), Ethereum (-1.25%), and Bitcoin Cash SV (-1.70%) give up gains in the final hour to end the day in the red.

It was bearish for EOS (-1.35%), Litecoin (-3.47%), and Ripple’s XRP (-1.46%), which struggled throughout the day.

Through the start of the week, the total crypto market cap hit an early morning high $257.76bn before sliding to a day low $246.38bn. At the time of writing, the total market cap stood at $246.70bn.

While Bitcoin’s dominance eased back to 67% levels following Monday’s pullback, trading volumes picked up.

Having fallen to sub-$60bn levels on Friday, 24-hour trading volumes hit $156bn levels on Sunday. Through Monday, there was still plenty of interest, however, with volumes peaking at $126bn levels on the day.

This Morning

At the time of writing, Bitcoin was up by 0.44% to $9,266.4. A mixed first hour saw Bitcoin rise from an early morning low $9,223.6 to a high $9,310.9 before easing back.

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

Elsewhere, it was a sea of green across the crypto board, with Stellar’s Lumen (+1.33%), Binance Coin (+1.15%), and Litecoin (+1.12%) leading the way.

Bitcoin Cash ABC (+0.14%), Bitcoin Cash SV (+0.26%), EOS (+0.27%), Ripple’s XRP (+0.37%), and Ethereum (+0.41%) saw modest gains early.

BTC/USD 29/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,470 levels to support a run at the first major resistance level at $9,710.8.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,310.9.

Barring a broad-based crypto rebound, Bitcoin would likely come up short of Monday’s high $9,948.9 and $10,000 levels.

The first major resistance level and the 38.2% FIB of $9,734 would likely limit any upside.

Failure to move through to $9,470 could see Bitcoin hit reverse. A fall back through to $9,100 levels would bring the first major support level at $8,978.7 into play.

Barring a crypto meltdown, Bitcoin should steer clear of sub-$8,900 levels on the day.

Altcoins Weekly Analysis – BNB, EOS and ETH – 27/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 4.14% in the week ending 26th October. Following on from a 6.05% gain from the previous week, Binance Coin ended the week at $18.995.

A bullish start to the week saw Binance Coin rise to a Sunday high $19.13, supporting a 1.6% gain before hitting reverse.

Coming within range of the first major resistance level at $19.24, Binance Coin slid to a Wednesday intraweek low $16.05.

3 consecutive days in the red saw Binance Coin fall through the first major support level at $17.16.

Finding support at the second major support level at $16.10, Binance Coin bounced back to a Saturday high $20.76, supported by 3 consecutive days in the green.

The rally saw Binance Coin break through the first major resistance level at $19.24 and second major resistance level at $20.26. In spite of the rally, Binance Coin came up short of the 23.6% FIB of $21.

Pressured by a broad-based reversal on Saturday, Binance Coin slid back to sub-$18 levels before recovering to end the day in the green.

For the week ahead

Binance Coin would need to steer clear of sub-$18.60 levels to support a run at the first major resistance level at $21.15 and 23.6% FIB of $21.

Support from the broader market would be needed, however, for Binance Coin to break back through to $20 levels.

In the event of a broad-based crypto rally, Binance Coin could visit $22 levels before any pullback.

We would expect Binance Coin to fall well short of the second major resistance level at $23.31, however.

Failure to steer clear of sub-$18.60 levels could see Binance Coin test the first major support level at $16.43.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of sub-$16 support levels.

At the time of writing, Binance Coin was down by 1.76% to $18.66.

BNB/USD 27/10/19 Weekly Chart

EOS

EOS rallied by 9.18% in the week ending 26th October. Reversing a 6.24% slide from the previous week, EOS ended the week at $3.1464.

Relatively range-bound through the start of the week, EOS rose to a Tuesday high $3.0366 before hitting reverse.

Falling short of the first major resistance level at $3.1542, EOS slid to a Wednesday intraweek low $2.5322.

EOS fell through the first major support level at $2.6619 before finding support from a broad-based crypto rally.

Off the back of the broad-based crypto rally, EOS struck an early Saturday intraweek high $3.5759.

EOS broke through the first major resistance level at $3.1542 and second major resistance level at $3.4254 before sliding back to sub-$3.0 levels

Support late in the day on Saturday led to a move back through to $3.10 levels to deliver the upside for the week.

For the week ahead

EOS would need to steer clear of sub-$3.00 levels to support a run at the first major resistance level at $3.6375.

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

Barring an extended rally through the week, EOS would likely come up short of last week’s high $3.5759.

Failure to steer clear of sub-$3.00 levels could see EOS hit reverse. A fall through to sub-$2.80 levels would bring the first major support level at $2.5938 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.5 support levels in the week.

At the time of writing, EOS was down by 1.22% to $3.1080.

EOS/USD 27/10/19 Weekly Chart

Ethereum

Ethereum rose by 4.64% in the week ending 26th October. Reversing a 4.27% fall from the previous week, Ethereum ended the week at $180.03.

Tracking the broader market, Ethereum rose to a Monday high $178 before hitting reverse.

Falling short of the first major resistance level at $184.33, Ethereum fell to a Wednesday intraweek low $153.0 before finding support from the broader market.

Ethereum fell through the first major support level at $164.09 and the second major support level at $156.10.

Off the back of a broad-based crypto rally, Ethereum rallied to a Saturday intraweek high $199.5 before sliding back.

Ethereum broke through the first major resistance level at $184.33 and the second major resistance level at $196.58.

A pullback on the day saw Ethereum slide back to $173 levels before recovering to $180 levels late in the day.

For the week ahead

Ethereum would need to steer clear of sub-$177.5 levels to support a run at $200 levels.

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

Barring a broad-based crypto rally, Ethereum would likely come up short of last week’s high $199.5.

In the event of a crypto breakout, the first major resistance level at $202.02 would likely limit any upside in the week.

Failure to steer clear of sub-$177.5 levels could see Ethereum hit reverse. A fall through to sub-$170 levels would bring the first major support level at $155.52 into play before any recovery.

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

At the time of writing, Ethereum was down by 0.69% to $178.79.

ETH/USD 27/10/19 Weekly Chart

The Crypto Daily – Movers and Shakers -24/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin tumbled by 6.96% on Wednesday. Following on from a 2.3% slide on Tuesday, Bitcoin ended the day at $7,493.7.

Relatively range-bound through the morning, Bitcoin fell from an early morning intraday high $8,074.5 to an early morning low $7,961.7 before finding support.

Steering clear of the major support levels, Bitcoin recovered to $8,000 levels before getting hit by a broad-based crypto meltdown.

The broad-based crypto sell-off saw Bitcoin slide to a late afternoon intraday low $7,333.4 before finding support.

Bitcoin fell through the major support levels. In spite of the reversal, Bitcoin managed to steer clear of the 62% FIB of $7,245, however.

Through the latter part of the day, Bitcoin moved back through to $7,500 levels to limit the losses on the day. In spite of the late support, Bitcoin failed to break back through the third major support level at $7,544.53.

For the bulls, the extended bullish trend remained intact in spite of sliding back 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 another day in the red across the crypto board on Wednesday.

Binance Coin (-8.50%), Bitcoin Cash ABC (-7.55%), Bitcoin Cash SV (-7.10%), and Litecoin (-7.23%) led the way down.

EOS (-6.16%), Ethereum (-5.12%), Ripple’s XRP (-6.10%) and Stellar’s Lumen (-5.80%) also saw heavy losses, however.

Through the early part of the week, the total crypto market cap rose to a Monday high $224.47bn before falling to a Wednesday low $202.69bn. At the time of writing, the total market cap stood at $204.43bn.

Bitcoin’s dominance continued to sit at sub-67% levels, with Wednesday’s relatively heavy loss pinning back Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.47% to $7,458.6. A mixed start to the day saw Bitcoin rise to an early morning high $7,510.2 before falling to a low $7,412.6.

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

For the rest of the top 10, it was also a bearish start to the day.

Ripple’s XRP and Bitcoin Cash ABC led the way down, with losses of 1.39% and 1.0% respectively.

BTC/USD 24/10/19 Daily Chart

For the Bitcoin Day Ahead

For the day ahead, Bitcoin would need to move through to $7,640 levels to support a run at the first major resistance level at $7,934.33.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,510.2.

Barring a broad-based crypto rebound, Bitcoin would likely come up short of a return to $8,000 levels.

Failure to move through to $7,640 levels could see Bitcoin slide deeper into the red on the day.

A fall back through to $7,300 levels would bring the 62% FIB of $7,245 into play before any recovery.

Barring an extended sell-off through the day, Bitcoin should steer clear of the first major support level at $7,193.23.

Binance Coin Mid-Week Analysis – Support Levels in Play – 23/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin Price Support

It’s been a choppy start to the week for Binance Coin, which was up by 0.61%, Sunday through Tuesday.

A bearish start to the week saw Binance Coin fall to an early Sunday current week low $17.76 before finding support.

Steering clear of the first major support level at $17.16, Binance Coin bounced back to $18 levels to end the day in the green.

A bearish Monday, however, saw Binance Coin fall back to sub-$18 levels once more before finding support.

Binance Coin fell by 1.22% on Monday before rallying to a Tuesday current week high $18.84.

Falling short of the first major resistance level at $19.24, Binance Coin hit reverse through the afternoon to end the day in the red.

After the bullish start to the week, 2 consecutive days in the red and a particularly bearish end to Tuesday limited the upside for the current week.

The near-term bearish trend remained intact, in spite of 2 consecutive weeks in the green. Binance Coin continued to fall 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 down by 2.15% to $17.85. A particularly bearish start to the day on Wednesday saw Binance Coin fall back through to sub-$18 levels.

In spite of the reversal of gains from earlier in the week, Binance Coin left the major support levels untested.

BNB/USD 23/10/19 weekly Chart

For the remainder of the week

Binance Coin would need to hit $18.20 levels to support a run at the first major resistance level at $19.24.

Support from the broader market would be needed, however, for Binance Coin to break through the current week high $18.84.

Barring a broad-based crypto rally through the rest of the week, Binance Coin would likely continue to come up short of $20 levels.

The first major resistance level and last week’s high $19.19 would likely cap any upside in the week.

Failure to move back through the current week high $18.84 could see Binance Coin fall deeper into the red.

A pullback through the current week low $17.76 would bring the first major support level at $17.16 into play.

Barring a broad-based crypto meltdown, however, we would expect Binance Coin to steer clear of the second major support level at $16.10.

In the event of an extended reversal, Binance Coin could visit sub-$17 levels before any recovery. We would expect the second major support level at $16.10 to prevent a visit to sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $19.24

Major Resistance Level: $17.16

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -22/10/19

Cryptomania

Bitcoin fell by 0.20% on Monday. Partially reversing a 3.35% gain from Sunday, Bitcoin ended the day at $8,243.8.

Relatively range-bound through the morning, Bitcoin rose from an early morning low $8,227.6 to late morning high $8,312.6.

Steering clear of the major support and resistance levels, Bitcoin struck a mid-afternoon intraday high $8,371.3.

Falling short of the first major resistance level at $8,424.6, Bitcoin slid to a late afternoon intraday low $8,181.8.

Bitcoin steered clear of the first major support level at $8,009.2 to move back through to $8,200 levels.

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 mixed start to the week.

Bitcoin Cash SV led the way, surging by 18.4%, with Bitcoin Cash ABC rising by 3.94% to come in a distant 2nd.

Stellar’s Lumen and EOS also found support, with gains of 1.65% and 0.07% respectively.

The rest of the pack joined Bitcoin in the red, with Binance Coin falling by 1.24% to lead the way down.

Ethereum (-0.64%), Litecoin (-0.44%), and Ripple’s XRP (-0.58%) saw relatively modest losses on the day.

Through the day, the total crypto market cap rose to a high $224.41bn before falling to a day low $221.92. At the time of writing, the total market cap stood at $222.84bn.

Bitcoin’s dominance continued to sit at sub-67% levels, with Monday’s loss pinning back Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.46% to $8,205.7. A bearish start to the day saw Bitcoin fall from an early morning high $8,243.9 to a low $8,205.4.

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

Elsewhere, Bitcoin Cash SV continued to make ground, rising by 2.37%. Ripple’s XRP and Stellar’s Lumen also saw green, with the pair up by 0.14% and 0.31% respectively.

It was red for the rest of the pack, however. Binance Coin (-0.90%), Bitcoin Cash ABC (-0.56%), EOS (-0.52%), Ethereum (-0.28%), and Litecoin (-0.27%) all saw red early on.

 BTC/USD 22/10/19 Daily Chart

For the Bitcoin Day Ahead

For the day ahead, Bitcoin would need to move through to $8,270 levels to support a run at the first major resistance level at $8,349.47.

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

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $8,371.3 would likely limit any upside.

Failure to move through to $8,270 levels could see Bitcoin struggle throughout the day.

A fall through to sub-$8,200 levels would bring the first major support level at $8,159.97 into play.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of the second major support level at $8,076.13.

Altcoins Weekly Analysis – BNB, EOS and ETH – 20/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 6.05% in the week ending 19th October. Following on from a 9.28% rally from the previous week, Binance Coin ended the week at $17.19.

A bullish start to the week saw Binance Coin rise to a Tuesday intraweek high $19.19 before easing back.

Off the back of 3 consecutive days in the green, Binance Coin broke through the first major resistance level at $18.59.

A Wednesday sell-off saw Binance Coin slide back to $17.2 levels before finding support.

Steering clear of the major support levels throughout the week, Binance Coin moved back to $18 levels to deliver the upside for the week.

For the week ahead

Binance Coin would need to move through to $18.20 levels to support a run at the first major resistance level at $19.24.

Support from the broader market would be needed, however, for Binance Coin to break through to $19 levels.

In the event of a broad-based crypto rally, Binance Coin could visit $20 levels before any pullback. We would expect the second major resistance level at $20.26 to limit any upside in the week, however.

Failure to move through to $18.20 levels could see Binance Coin test the first major support level at $17.16.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of the second major support level at $16.10.

At the time of writing, Binance Coin was down by 0.90% to $18.07.

BNB/USD 20/10/19 Daily Chart

EOS

EOS slid by 6.24% in the week ending 19th October. Reversing a 2.55% gain from the previous week, EOS ended the week at $2.8830.

A bullish start to the week saw EOS rise to a Monday intraweek high $3.2043 before hitting reverse.

Falling well short of the first major resistance level at $3.3478, EOS slid back to a Friday intraweek low $2.7120.

The reversal saw EOS fall through the first major support level at $2.8286 before finding support.

4 days in the red out of 7 left EOS at sub-$3.00 levels for the week, with a 6.3% slide on Tuesday doing the damage.

For the week ahead

EOS would need to move through to $2.950 levels to support a run at the first major resistance level at $3.1542.

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

Barring an extended rally through the week, the first major resistance level and last week’s high $3.2043 would likely cap any upside.

Failure to move through to $2.950 levels could see EOS hit reverse. A fall through to sub-$2.80 levels would bring the first major support level at $2.6619 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.5 support levels in the week.

At the time of writing, EOS was down by 0.98% to $2.8601.

EOS/USD 20/10/19 Daily Chart

Ethereum

Ethereum fell by 4.27% in the week ending 19th October. Reversing a 1.78% gain from the previous week, Ethereum ended the week at $172.09.

Tracking the broader market, Ethereum rose to a Tuesday intraweek high $188.58. In spite of 2 consecutive days in the green, Ethereum fell short of the first major resistance level at $196.03.

Bearish through the rest of the week, Ethereum fell to a Friday intraweek low $168.34.

Holding above the first major support level at $165.60, Ethereum recovered to $172 levels to limit the loss for the week.

For the week ahead

Ethereum would need to move through to $176.5 levels to support a run at the first major resistance level at $184.33.

Support from the broader market would be needed, however, for Ethereum to break back through to $180 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $188.58 would limit any upside.

In the event of a crypto breakout, Ethereum could visit $190 levels before any pullback.

Failure to move through to $176.5 levels could see Ethereum hit reverse. A fall through to $168 levels would bring the first major support level at $164.09 into play before any recovery.

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

At the time of writing, Ethereum was down by 0.91% to $170.52.

ETH/USD 20/10/19 Daily Chart

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.