The Crypto Daily – Movers and Shakers -28/11/19

Bitcoin and Litecoin over dollar banknotes.

Bitcoin rallied by 4.88% on Wednesday. Following on from a 0.50% gain from Tuesday, Bitcoin ended the day at $7,549.3.

A bearish start to the day saw Bitcoin slid to a late morning intraday low $6,878.2 before finding support.

Bitcoin fell through the first major support level at $7,034.90 before bouncing to a late intraday high $7,689.00.

Bitcoin broke through the first major resistance level at $7,374.00 and the second major resistance level at $7,549.70.

Easing back late in the day, Bitcoin fell back through the second major resistance level to $7,510 levels.

At the day end, however, it was the second major resistance level that pinned Bitcoin back.

In spite of a 3rd consecutive day in the green, the near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the majors on Wednesday.

Bitcoin Cash ABC led the way, rallying by 5.63%, with Binance Coin (+4.68%) and Ethereum (+3.50%) also seeing solid gains.

Bitcoin Cash SV (+1.61%), EOS (+2.42%), Litecoin (+1.72%), Ripple’s XRP (+1.49%), and Stellar’s Lumen (+2.07%) saw more modest gains on the day.

From outside of the top 10, Tron’s TRX continued to make a move towards the top 10, with a 4.66% gain.

In the early part of the week, the crypto total market cap slid to a Monday low $180.76bn before rebounding to a Wednesday current week high $206.42bn. At the time of writing, the total market cap stood at $205.22bn.

Bitcoin’s dominance rose from 66.2% to 66.5%, following Wednesday’s break out. 24-hour trading volumes were back at $80bn levels after hitting $133bn levels earlier in the week.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $7,546.2. Another mixed start to the day saw Bitcoin rise to an early morning high $7,611.0 before falling to a low $7,518.1.

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

Elsewhere, it was a mixed start to the day for the majors. Ripple’s XRP led the way, rising by 1.64%, to buck the trend early on.

It was red for the rest of the pack, with Bitcoin Cash ABC (-1.31%) and Binance Coin (-1.40%) leading the way down.

In the early hours, Litecoin and EOS saw modest losses of 0.04% and 0.14% respectively.

BTC/USD 28/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $7,600 levels to support a run at the first major resistance level at $7,866.13.

Support from the broader market would be needed, however, to break through to $7,700 levels.

Barring a broad-based crypto rally, Wednesday’s high $7,689 and resistance at $7,700 would likely limit any upside.

Failure to move back through to $7,600 levels could see Bitcoin slide deeper into the red.

A fall back through the morning low $7,370 levels would bring the first major support level at $7,055.33 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$7,000 support levels on the day.

Binance Coin Mid-Week Analysis – Support Levels in Play – 27/11/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

A bearish start to the week saw Binance coin slide from a Sunday current week high $16.53 to a Monday current week low and new swing lo $13.88 before finding support.

Falling well short of the first major resistance level at $19.52, Binance Coin fell through the first major support level at $13.94.

Of greater significance was the further distance from the 23.6% FIB of $21.

After the bearish Sunday that left Binance Coin down by 7.65% for the day, Binance Coin found support through Monday and Tuesday.

Two consecutive days in the green cut the current week deficit to 5.47%. Binance Coin also moved back through the first major support level to $15 levels.

The near-term bearish trend remained intact, however, supported by the current week loss and new swing lo. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the latest crypto sell-off.

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 1.27% to $15.18.

A mixed start to the day saw Binance Coin rise to an early morning high $15.59 before falling to a low $15.08

Binance Coin steered clear of the major support and resistance levels early on in the day on Wednesday.

BNB/USD 27/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $16.53 to $17 levels to support a run at the first major resistance level at $19.52.

Support from the broader market would be needed for Binance Coin to break out the current week high.

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of $17 levels.

Through the middle of the week, Binance Coin will need to steer clear of sub-$15 levels to support any recovery.

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

A pullback through to $14 levels would bring the first major support level at $13.94 into play before any recovery.

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

Looking at the Technical Indicators

Major Support Level: $13.49

Major Resistance Level: $19.52

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -26/11/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 2.84% on Monday. Partially reversing a 5.27% slide on Sunday, Bitcoin ended the day at $7,162.8.

A particularly bearish start to the day saw Bitcoin slide to an early morning intraday low and new swing low $6,618.0.

The sell-off saw Bitcoin fall through the first major support level at $6,800.87 and second major support level at $6,636.43.

Finding support through the late morning, Bitcoin bounced back to a late afternoon intraday high $7,414.4.

The rebound saw Bitcoin break back through the support levels and the first major resistance level at $7.250.87.

Through the latter part of the day, Bitcoin slid back through the first major resistance level to $7,100 levels, however.

Sub-$7,200 support delivered late in the day, with Bitcoin avoiding sub-$7,000 levels to close out the day at $7,100 levels.

In spite of the Monday gain, Sunday’s slide back through to sub-$7,000 levels led to the formation of a near-term bearish trend formed at late June’s swing hi $13,764.0.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the majors on Monday.

Bitcoin Cash SV, EOS, and Tron’s TRX led the way with gains of 5.08%, 4.50%, and 4.54% respectively.

Bitcoin Cash ABC (+3.82%), Ethereum (+4.15%), Litecoin (+3.64%), and Stellar’s Lumen (+3.22%) also saw solid gains.

While Binance Coin (+1.13%) trailed the pack on the day, Ripple’s XRP bucked the trend, falling by 1.50%.

The start of the week saw the crypto total market cap slide to a Monday low $180.76bn before rebounding to a day high $198.76bn. At the time of writing, the total market cap stood at $195.87bn.

Bitcoin’s dominance held onto 66% levels at the start of the week, in spite of a bullish start to the week for the broader market. Volatility across the crypto market drew traders back in the wake of the sell-off. 24-hour trading volumes jumped from sub-$90bn levels to $133bn levels before easing back.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $7,220.9. A bullish start to the day saw Bitcoin rise from an early morning low $7,130.0 to a high $7,242.1.

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

Elsewhere, Bitcoin Cash SV and EOS led the way, with gains of 3.10% and 1.62% respectively.

Binance Coin, Ethereum, and Litecoin were also on the move, rising by 1.49%, 1.50%, and 1.45% respectively.

Stellar’s Lumen and Tron’s TRX bucked the trend early on, sliding by 1.05% and by 1.25% respectively.

BTC/USD 26/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $7,242.1 to support a run at the first major resistance level at $7,512.13.

Support from the broader market would be needed, however, to break out from $7,300 levels.

Barring a broad-based crypto rally, Monday’s high $7,414.4 would likely pin Bitcoin back.

In the event of a crypto breakout, Bitcoin could visit $7,600 levels before any pullback.

Failure to move back through the morning high $7,242.1 could see Bitcoin hit reverse.

A fall back through the morning low $7,130.0 would bring sub-$7,000 levels back into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of the first major support level at $6,715.73.

Altcoins Weekly Analysis – BNB, EOS and ETH – 24/11/19

cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

Binance Coin

Binance Coin tumbled by 19.3% in the week ending 23rd November. Reversing a 2.34% from the previous week, with interest, Binance Coin ended the week at $16.27

A relatively bullish start to the week saw Binance Coin strike a Sunday intraweek high $20.44 before hitting reverse.

Rising by just 0.09% on Sunday, however, Binance Coin fell well short of the week’s first major resistance level at 21.45.

The reversal saw Binance Coin fall for five consecutive days, leading to a Friday intraweek low $14.86.

Binance Coin slid through the week’s major support levels before finding much-needed support on Saturday.

Rallying by 4.97% on the day, Binance Coin broke back through the third major support level at $16.10 to reduce the deficit for the week.

For the week ahead

Binance Coin would need to move through to $17.20 levels to support a run at the first major resistance level at $19.52.

Support from the broader market would be needed for Binance Coin to break out from $18 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $19 levels and the first major resistance level.

In the event of a breakout, Binance Coin could return to $20 levels before any pullback.

Holding onto $16 levels at the start of the week will be key to avoiding another sell-off.

Failure to move through to $17.20 levels would likely see Binance Coin spend a 2nd consecutive week in the red.

A fall back through to last week’s low $14.86 would bring the first major support level at $13.94 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$13 support levels.

At the time of writing, Binance Coin was up by 0.04% to $16.27.

BNB/USD 24/11/19 Weekly Chart

EOS

EOS slumped by 20.3% in the week ending 23rd November. Following on from a 3.13% fall from the previous week, EOS ended the week at $2.6963.

Tracking the broader market, EOS eked out a 0.64% gain on Sunday, hitting an intraweek high $3.4515 before hitting reverse.

Falling well short of the first major resistance level at $3.6193, EOS fell through to a Friday intraweek low $2.4641.

The sell-off saw EOS fall through the week’s major support levels before a partial recovery on Saturday.

Finding support from the broader market on Saturday, EOS broke back through the third major support level at $2.6465.

A 2.65% gain on the day was of little consolation for the crypto bulls, however.

For the week ahead

EOS would need to move through to $2.87 levels to support a run at the first major resistance level at $3.2772.

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 in the week, resistance at $3.00 would likely cap any upside on the week.

Failure to move through to $2.87 levels could see EOS spend a 3rd consecutive week in the red.

A fall back through last week’s low $2.4641 would bring the first major support level at $2.2898 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.00 levels

At the time of writing, EOS was down by 1.38% to $2.6592.

EOS/USD 24/11/19 Weekly Chart

Ethereum

Ethereum slid by 16.59% in the week ending 23rd November. Following on from a 1.36% loss from the previous week, Ethereum ended the week at $152.00.

A relatively bullish start to the week saw Ethereum rise to Sunday intraweek high $186.26. In spite of a 0.89% gain on the day, Ethereum came up short of the first major resistance level at $187.56.

Pressured by a broad-based crypto meltdown, Ethereum tumbled to a Friday intraweek low $137.8.

Five consecutive days in the red saw Ethereum slide through the week’s major support levels before finding support.

In spite of a move back through to $150 levels, Ethereum failed to break back through the third major support level at $161.00.

For the week ahead

Ethereum would need to move through to $159 levels to support a run at $170 levels later in the week.

Support from the broader market would be needed, however, for Ethereum to break out from $160 levels.

Barring an extended crypto rally, Ethereum would likely fall well short of the first major resistance level at $179.57.

In the event of a crypto breakout, a visit to $170 levels would likely be as good as it gets.

Failure to move through to $159 could see Ethereum hit reverse in the week.

A pullback to sub-$150 levels would bring the first major support level at $131.11 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$130 levels in the week.

At the time of writing, Ethereum was down by 0.53% to $151.20.

ETH/USD 24/11/19 Weekly Chart

The Crypto Daily – Movers and Shakers -21/11/19

Cryptomania

Bitcoin slipped by 0.47% on Wednesday. Following on from a 0.66% fall on Tuesday, Bitcoin ended the day at $8,126.4.

A mixed start to the day saw Bitcoin rise to an early morning high $8,191.0 before hitting reverse.

Falling well short of the first major resistance level at $8,256.37, Bitcoin slid to a late morning intraday low $8,081.0.

In spite of the pullback, Bitcoin steered clear of the first major support level at $8,062.57.

Through the 2nd half of the day, Bitcoin bounced back to a late afternoon intraday high $8,257.8.

Bitcoin briefly broke through the first major resistance level at $8,256.37 before sliding back to sub-$8,100 levels.

A late move back through to $8,100 levels limited the downside on the day.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through 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 also bearish for the majors on Wednesday.

Bitcoin Cash SV led the way down once more, falling by 3.62%.

Binance Coin (-2.16%), Stellar’s Lumen (-2.94%), and Tron’s TRX (-2.53%) also saw relatively heavy losses.

Bitcoin Cash ABC (-0.10%), EOS (-1.19%), Ethereum (-0.80%), Litecoin (-0.36%), Ripple’s XRP (-1.65%) saw more modest losses on the day.

The bearish start to the week saw the total crypto market cap fall from a Monday high $237.09bn to a Wednesday low $219.77bn. At the time of writing, the total market cap stood at $219.97bn.

Bitcoin’s dominance fell back to sub-66% levels on the day. Trading volumes also eased back, with 24-hour volumes falling from $73bn levels to sub-$70bn on Wednesday.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $8,114.1. A bearish start to the day saw Bitcoin fall from an early morning high $8,126.4 to a low $8,110.7.

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

Elsewhere, it was also a bearish start to the day, with Binance Coin falling by 0.88% to lead the way down.

EOS (-0.37%), Ethereum (-0.33%), Litecoin (-0.42%), Ripple’s XRP (-0.61%), Stellar’s Lumen (-0.12%), and Tron’s TRX (-0.12%) were also in the red.

BTC/USD 21/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,155 levels to support a run at the first major resistance level at $8.229.13.

Support from the broader market would be needed, however, for Bitcoin to break through to $8,200 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday high $8,257.8 would likely limit any upside.

In the event of a breakout, the second major resistance level at $8,331.87 would likely pin Bitcoin back from $8,500 levels for a 3rd consecutive day.

Failure to move through to $8,155 levels could see Bitcoin slid deeper into the red.

A fall back through to sub-$8,100 levels would bring the first major support level at $8.052.33 into play.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of sub-$8,000 levels.

Binance Coin Mid-Week Analysis – Support Levels in Play – 20/11/19

Binance

Binance Coin Price Support

A bearish start to the week saw Binance coin slide from a Sunday high $20.44 to a Tuesday current week low $18.04.

Falling well short of the first major resistance level at $21.45, Binance Coin fell through the first major support level at $19.24 and second major support level at $18.31.

Of greater significance, however, was a slide back from the 23.6% FIB of $21.

After a relatively flat Sunday, where Binance Coin rose by just 0.09%, 2 consecutive days in the red did the damage.

For the current week, Sunday through Tuesday, Binance Coin was down by 8.33%. The lion’s share of the losses came from a Monday 5.55% slide.

The near-term bearish trend remained intact, supported by the current week sell-off. Binance Coin has continued to struggle at the 23.6% FIB of $21.

For the bulls, a move back through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.49% to $18.57.

A mixed start to the day on Wednesday saw Binance Coin fall to an early low $18.32 before striking a high $18.71.

The early move saw Binance Coin find support at the second major support level at $18.31.

BNB/USD 20/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the first major support at $19.24 to support a recovery later in the week.

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

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of the first major resistance level at $21.45.

Mid-week, Binance Coin will need to hold above the second major support level at $18.31 to support any recovery.

Failure to move back through the first major support level at $19.24 could lead to heavier losses.

A pullback through the second major support level at $18.31 would bring sub-$18 levels into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer well clear of the third major support level at $16.10.

Looking at the Technical Indicators

 

Major Support Level: $19.24

Major Resistance Level: $21.45

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

The Crypto Daily – Movers and Shakers -19/11/19

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Bitcoin fell by 3.72% on Monday. Following on from last week’s 5.87% slide, Bitcoin ended the day at $8,219.5.

A relatively bearish start to the day saw Bitcoin fall from an early intraday high $8,537.0 to a late morning low $8,452.8.

Bitcoin left the major support and resistance levels untested before tumbling to a late afternoon intraday low $8,117.0.

Bitcoin fell through the first major support level at $8,394.63 and the second major support level at $8,251.97.

Finding support late in the day, Bitcoin recovered to $8,200 levels to limit the loss on the day.

In spite of the support, Bitcoin was unable to break back through the second major support level.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through 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 bearish day for the majors on Monday.

Bitcoin Cash ABC (-7.27%), Stellar’s Lumen (-6.14%), and Tron’s TRX (-7.68%) led the way down.

Binance Coin (-5.55%), Bitcoin Cash SV (-5.33%), EOS (-6.31%), and Litecoin (-5.88%) also saw heavy losses.

Ethereum and Ripple’s XRP saw relatively modest losses, with the pair falling by 3.28% and 4.41% respectively.

The bearish start to the week saw the total crypto market cap fall from a Monday high $237.09bn to a day low $226.27bn. At the time of writing, the total market cap stood at $230.19bn.

Bitcoin’s dominance continued to hold at sub-66% levels in spite of heavier losses elsewhere on the day. Trading volumes did pick up, however, with 24-hour volumes rising from $60bn levels to $72bn levels late in the day.

This Morning

At the time of writing, Bitcoin was up by 0.08% to $8,226.4. A mixed start to the day saw Bitcoin fall to an early morning low $8,200.1 before striking a high $8,245.5.

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

Elsewhere, it was a mixed bag for the majors.

Binance Coin (+0.05%), Bitcoin Cash ABC (+0.18%), EOS (+0.21%), Litecoin (+0.18%), and Ripple’s XRP (+0.03%) also found support.

It was a bearish start for the rest, however.

Bitcoin Cash SV and Stellar’s Lumen led the way down, with losses of 1.24% and 1.21% respectively.

Ethereum and Tron’s TRX also saw red early on, with the pair falling by 0.34% and by 0.63% respectively.

BTC/USD 19/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,290 levels to support a run at the first major resistance level at $8,465.33.

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

Barring a broad-based crypto rebound, Bitcoin would likely fall short of $8,500 levels and Monday’s high $8.537.0

Failure to move through to $8,290 levels could see Bitcoin spend another day in the red.

A fall through to sub-$8,200 levels would bring the first major support level at $8,045.33 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$8,000 levels.

In the event of another meltdown, the second major support level at $7,871.17 could come into play…

Altcoins Weekly Analysis – BNB, EOS and ETH – 17/11/19

Cryptomania

Binance Coin

Binance Coin rose by 2.34% in the week ending 16th November. Reversing a 2.42% loss from the previous week, Binance Coin ended the week at $20.16.

A choppy start to the week saw Binance Coin rise by 3.4% on Sunday to strike a day high $20.92 before hitting reverse.

Binance Coin broke through the first major resistance level at $20.85 to come up against the 23.6% FIB of $21.

The reversal saw Binance Coin slide to a Monday intraweek low $19.60 before finding support.

Steering clear of the first major support level at $18.87, Binance Coin rallied to a Wednesday intraweek high $21.81.

Reversing a 1.6% loss on Monday, two consecutive days in the green saw Binance Coin break back through the first major resistance level and 23.6% FIB.

A bearish 2nd half of the week weighed, however, with 3 consecutive days in the red seeing Binance Coin visit sub-$20 levels before wrapping up the week at $20 levels.

For the week ahead

Binance Coin would need to move through to $20.50 levels to support a run at the first major resistance level at $21.45.

Support from the broader market would be needed, however, for Binance Coin to break through the 23.6% FIB of $21.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $21.81 would likely cap any upside.

In the event of a breakout, Binance Coin could test the second major resistance level at $22.73 before any pullback.

Failure to move through to $20.50 levels could see Binance Coin hit reverse.

A fall back through to sub-$20 levels would bring the first major support level at $19.24 into play.

Barring a broad-based crypto sell-off, however, Binance Coin should steer clear of sub-$19 support levels.

At the time of writing, Binance Coin was down by 0.25% to $20.11.

BNB/USD 17/11/19 Weekly Chart

EOS

EOS fell by 3.13% in the week ending 16th November. Partially reversing a 4.50% gain from the previous week, EOS ended the week at $3.382.

A bullish start to the week saw EOS rally by 3% on Sunday, striking an intraweek high $3.69 before hitting reverse.

Falling short of the first major resistance level at $3.72, EOS saw 3 days in the red out of 4, leading to a Friday intraweek low $3.2862.

In spite of the sell-off, EOS steered clear of the first major support level at $3.2303. Finding support on Saturday, EOS rose by 1.28% on Saturday reduced the deficit for the week.

For the week ahead

EOS would need to move through to $3.45 levels to support a run at the first major resistance level at $3.6193.

Support from the broader market would be needed, however, for EOS to break back through to $3.60 levels.

Barring a broad-based crypto rally in the week, the first major resistance level and last week’s high $3.69 would likely cap any upside.

Failure to move through to $3.45 levels could see EOS spend another week in the red.

A fall back through to sub-$3.30 levels would bring the first major support level at $3.2155 into play.

Barring a crypto meltdown, however, EOS should steer well clear of the second major support level at $3.0489.

At the time of writing, EOS was up by 0.42% to $3.3964.

EOS/USD 17/11/19 Weekly Chart

Ethereum

Ethereum fell by 1.36% in the week ending 16th November. Reversing a 0.82% gain from the previous week, Ethereum ended the week at $182.25.

A bullish start to the week saw Ethereum rise by 2.2% on Sunday to strike an intraweek high $187.59 before hitting reverse.

Falling short of the first major resistance at $193.21, Ethereum fell back to $183 levels before finding support mid-week.

A recovery to $189 levels was short-lived, however, with Ethereum sliding to a Friday intraweek low $177.0.

The reversal saw Ethereum fall through the first major support level at $177.72 before finding support from the broader market.

A 1.37% gain on Saturday cut the deficit for the week.

For the week ahead

Ethereum would need to hold onto $182 levels to support the recovery of last week’s losses.

Support from the broader market would be needed, however, for Ethereum to break through the first major resistance level at $187.56.

Barring an extended crypto rally, the first major resistance level and last week’s high $187.59 would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $192.87 would likely come into play.

Failure to hold onto $182 levels could see Ethereum hit reverse in the week.

A pullback to sub-$180 levels would bring the first major support level at $176.97 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $171.69.

At the time of writing, Ethereum was up by 0.37% to $182.93.

ETH/USD 17/11/19 Weekly Chart

The Crypto Daily – Movers and Shakers -14/11/19

Cryptomania

Bitcoin fell by 0.33% on Wednesday. Partially reversing a 1.06% rise from Tuesday, Bitcoin ended the day at $8,801.1.

A bearish start to the day saw Bitcoin fall from an early morning intraday high $8,849.9 to a mid-morning intraday low $8,730.3.

Bitcoin left the major support and resistance levels untested before recovering to $8,800 levels by late morning.

The bearish sentiment continued into the early afternoon, however, with Bitcoin falling back to sub-$8,000 levels.

Through the latter part of the day, Bitcoin managed to move back through to $8,800 levels to limit the day loss.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through 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 another mixed day for the majors on Wednesday.

Binance Coin and Tron’s TRX led the way, rising by 1.72% and by 2.30% respectively.

Ethereum and Ripple’s XRP also ended the day in the green, with gains of 0.4% and 0.08% respectively.

It was a bearish day for the rest of the pack, however, with Bitcoin Cash SV falling by 2.16% to lead the way down.

Bitcoin Cash ABC (-1.58%), EOS (-0.21%), Litecoin (-0.93%), and Stellar’s Lumen (-1.65%) saw more modest loses on the day.

Through the current week, the total crypto market cap fell from a current week high $246.9bn to a current week low $237.75bn on Monday. On Tuesday through Wednesday, the market cap fell back to $237.9bn levels before striking a Wednesday high to $241.79bn. At the time of writing, the total market cap stood at $240.68bn.

Bitcoin’s dominance fell back to 65% levels on the day, with Bitcoin under pressure through Wednesday. Trading volumes also fell back to $61bn levels after having recovered to $70bn levels. Last week, 24-hour volumes had also fallen to $61bn levels.

This Morning

At the time of writing, Bitcoin was down by 0.09% to $8,792.8. A range-bound start to the day saw Bitcoin fall from an early morning high $8,817.4 to a low $8,790.0.

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

Elsewhere, it was a mixed bag across the majors.

Binance Coin led the way early on, rising by 1.33%. Stellar’s Lumen (+0.67%) and Ripple’s XRP (+0.19%) also found early support.

It was a bearish start for the rest of the pack, however. Bitcoin Cash SV was the worst performer, with a 0.44% loss.

BTC/USD 14/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,790 to support a run at the first major resistance level at $8,857.23.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $8,849.9.

Barring a broad-based crypto rally on the day, Bitcoin would likely come up short of $8,900 levels once more.

Failure to move through to $8,790 levels could see Bitcoin slide deeper into the red. A fall back to sub-$8,750 levels would bring the first major support level at $8,737.63 into play.

Barring an extended sell-off, however, Bitcoin should steer clear of the second major support level at $8,674.17.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 13/11/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

A bullish start to the week saw Binance coin rally to a Sunday high $20.92 before hitting reverse.

Binance Coin broke through the first major resistance level at $20.85 before sliding to a Monday current week low $19.60.

Steering clear of the first major support level at $18.87, found support through Tuesday to strike a high $20.98.

Binance Coin broke back through the first major resistance level at $20.85 late in the day.

While breaking through the first major resistance level, the 23.6% FIB of $21 limited the upside early in the week.

A 3.4% rise on Sunday and a 4.4% rally on Tuesday gave Binance Coin a 6.4% gain for the current week, Sunday through Tuesday.

A 1.6% loss on Monday limited the upside for the current week, however.

The near-term bearish trend remained intact, in spite of 3 weeks out of 4 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 1.8% to $20.58. A mixed start to the day on Wednesday saw Binance Coin strike an early morning current week high $21.07 before hitting reverse.

Binance Coin broke through the 23.6% FIB of $21 before sliding to a morning low $20.54.

BNB/USD 13/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the first major resistance level and 23.6% FIB of $21 to support further upside.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.11.

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of the second major resistance level at $21.97.

Through the middle of the week, Binance Coin will need to hold on to $20 levels to support the upward momentum.

Failure to move back through the 23.6% FIB could see Binance Coin come under pressure in the 2nd half of the week.

A pullback to sub-$20 levels would bring the first major support level at $18.87 into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $18.01.

Looking at the Technical Indicators

Major Support Level: $18.87

Major Resistance Level: $20.85

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30