The Crypto Daily – Movers and Shakers – April 13th, 2021

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

Bitcoin, BTC to USD, slipped by 0.26% on Monday. Following a 0.36% gain on Sunday, Bitcoin ended the day at $59,874.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $61,338.0 before hitting reverse.

Bitcoin broke through first major resistance level at $60,733 before sliding to a late morning intraday low $59,492.0.

Steering clear of the first major support level at $59,319, Bitcoin revisited $60,500 levels before easing back to sub-$60,000.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Bitcoin Cash SV fell by 3.79% to lead the way down, with Chainlink (-2.09%), Crypto.com Coin (-3.08%), and Litecoin (-3.15%) also struggling.

Ethereum (-0.58%) and Polkadot (-1.88%) saw relatively modest losses on the day.

It was a bullish day for the rest of the majors, however.

Binance Coin rallied by 13.46% to lead the way once more, with Ripple’s XRP (+8.71%) finding strong support.

Cardano’s ADA (+4.02%) also avoided the red.

Early in the week, the crypto total market rose to a Monday high $2,056bn before falling to a Monday low $1,959bn. At the time of writing, the total market cap stood at $2,036bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Monday low 54.65%. At the time of writing, Bitcoin’s dominance stood at 55.40%.

This Morning

At the time of writing, Bitcoin was up by 0.77% to $60,337.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,859.0 before rising to a high $60,397.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-1.21%), Bitcoin Cash SV (-1.32%), Chainlink (-0.03%), Polkadot (-0.54%), and Ripple’s XRP (-1.36%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Litecoin was up by 2.37% to lead the way.

BTCUSD 130421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $60,235 to bring the first major resistance level at $60,977 into play.

Support from the broader market would be needed for Bitcoin to break out from $60,500 levels.

Barring an extended crypto rally, the first major resistance level and the March swing hi $61,699 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $63,000 before any pullback. The second major resistance level sits at $62,081.

Failure to avoid a fall back through the $60,235 pivot would bring the first major support level at $59,131 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $58,339.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/04/21

Silver and golden coins with bitcoin, ripple and ethereum symbol

Binance Coin

Binance Coin surged by 46.37% in the week ending 10th April. Following on from a 19.62% rally from the previous week, Binance Coin ended the week at $471.37.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Saturday intraweek high and a new swing hi $508.83.

Binance Coin broke through the first major resistance level at $372 and the second resistance level at $422.

Falling short of the third major resistance level at $530, Binance Coin eased back to end the week at sub-$480.

6 days in the green that included an 11.65% rally on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $432 pivot to bring the first major resistance level at $548 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s swing hi $508.83.

Barring an extended rally, the first major resistance level would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $625.

Failure to avoid a fall through the $432 pivot would bring the 23.6% FIB of $390 and the first major support level at $355.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$300 levels and the second major support level at $239. The 38.25 FIB of $317 should limit the downside.

At the time of writing, Binance Coin was down by 0.98% to $466.74. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $478.70 before falling to a low $451.86.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 110421 Daily Chart

Litecoin

Litecoin jumped by 31.08 in the week ending 10th April. Following on from a 6.10% gain from the previous week, Litecoin ended the week at $255.94.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $191.90 before making a move.

While steering clear of the first major support level at $179, Litecoin fell through the 23.6% FIB of $195.

Finding support on Sunday, Litecoin rallied to a Tuesday high $244.54.

Litecoin broke through the first major resistance level at $213 and the second major resistance level at $232.

Coming within range of February’s swing hi $247, Litecoin fell back to $211 levels before finding late support.

A 15.75% rally on Saturday drove Litecoin to an intraweek high and a new swing hi $256.63 before easing back.

Litecoin broke back through the first major resistance level at $213 and the second major resistance level at $232 to end the week at $255 levels.

5 days in the green that included a 9.48% rally on Monday and a 15.75% surge on Saturday delivered the upside for the week. A 7.49% slide on Wednesday pared some of the gains from early in the week, however.

For the week ahead

Litecoin would need to avoid a fall through the $235 pivot to bring the first major resistance level at $278 into play.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s new swing hi $258.00.

Barring an extended crypto rally, the first major resistance level and resistance at $285 would likely limit any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the $235 pivot would bring and the first major support level at $213 and the 23.6% FIB of $202 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $170.

At the time of writing, Litecoin was down by 0.83% to $253.81. A mixed start to the week saw Litecoin rise to an early Sunday morning new swing hi $258.00 before falling to a low $249.63.

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

LTCUSD 110421 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 25.45% in the week ending 10th April. Following on from a 59.67% surge from the previous week, Tron’s TRX ended the week at $0.1267.

A bullish start to the week saw Tron’s TRX jump to a Monday intraweek high and a new swing hi $0.1495.

Tron’s TRX broke through the first major resistance level at $0.1224 and the second major resistance level at $0.1431.

Bearish mid-week, however, Tron’s TRX slid back through the resistance levels to $0.1020 levels.

While steering clear of the first major support level at $0.07089, Tron’s TRX fell through the 23.6% FIB of $0.1159.

Finding support going into the weekend, Tron’s TRX revisited $0.13 levels before easing back.

While falling short of the major resistance levels, Tron’s TRX broke back through the 23.6% FIB of $0.1159 to end the week at $0.126 levels.

4 days in the green that included a 25.51% breakout on Sunday and an 11.21% rally on Thursday delivered the upside for the week. Heavy losses on Tuesday (-9.09%) and Wednesday (-10.80%) limited the upside for the week, however.

For the week ahead

Tron’s TRX would need to move back through the $0.1263 pivot to support a run at the first major resistance level at $0.1500.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.14 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s new swing hi $0.1495 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could test resistance at $0.17. The second major resistance level sits at $0.1733.

Failure to move back through the $0.1263 pivot would bring the 23.6% FIB of $0.1159 and the first major support level at $0.1030 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.0951. The second major support level sits at $0.0793.

At the time of writing, Tron’s TRX was down by 3.22% to $0.1226. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.1286 before falling to a low $0.1192.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRXUSD 110421 Daily Chart

The Crypto Daily – Movers and Shakers – April 8th, 2021

crypto currency mining concept

Bitcoin, BTC to USD, fell by 3.50% on Wednesday. Following on from a 1.95% decline on Tuesday, Bitcoin ended the day at $55,962.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $58,639.0 before hitting reverse.

Falling short of the first major resistance level at $59,193, Bitcoin fell to a late intraday low $55,555.0.

The extended sell-off saw Bitcoin fall through the first major support level at $57,095 and the second major support level at $56,199.

Steering clear of sub-$55,000 levels, Bitcoin briefly revisited $56,500 levels before falling back through the second major support level.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Wednesday.

It was a bearish day for the rest of the majors, however.

Ripple’s XRP tumbled by 16.64% to lead the way down, with Chainlink (-10.42%) and Crypto.com Coin (-9.66%) also seeing heavy losses.

Binance Coin  (-7.05%), Bitcoin Cash SV (-4.52%), Cardano’s ADA (-6.36%), Ethereum (-7.06%), Litecoin (-7.68%), and Polkadot (-5.44%) weren’t far behind, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,842bn.

Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 57.04%.

This Morning

At the time of writing, Bitcoin was up by 0.61% to $56,302.6. A mixed start to the day saw Bitcoin fall to an early morning low $55,714.0 before rising to a high $56,302.6.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Ripple’s XRP was up by 2.48% to lead the way.

BTCUSD 080421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,719 to bring the first major resistance level at $57,882 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,803.

Failure to move through the $56,719 pivot would bring the first major support level at $54,798 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,645.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 07/04/21

Binance

Binance Coin Price Resistance

It’s been another bullish 1st half of the week for Binance Coin.

A mixed start to the week, however, saw Binance Coin slip to a Sunday current week low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Tuesday current week high and a new swing hi $422.08.

Binance Coin broke through the first major resistance level at $372 to test the second major resistance level at $422 before easing back.

In spite of easing back, Binance Coin avoided a fall back through the first major resistance level at $372.

For the current week, Sunday through Tuesday, Binance Coin was up by 25.29% to $403.49.

3 days in the green that included an 8.41% rally on Sunday and a 9.63% rally on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $165 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 977.12%.

At the time of writing, Binance Coin was down by 1.92% to $395.73. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $406.90 before falling to a low $390.98.

Binance Coin avoided a fall back through the first major resistance level at $372.

BNBUSD 070421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $372 to support another run at the second major resistance level at $422.

Barring an extended rally going into the weekend, the second major resistance level at $422 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $460 before any pullback. The third major resistance level sits at $530.

Failure to avoid a fall back through the first major resistance level at $372 would bring the 23.6% FIB of $324 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the pivot level at $315. The first major support level sits at $265.

Looking at the Technical Indicators

Major Support Level: $265

Major Resistance Level: $372

23.6% FIB Retracement Level: $324

38.2% FIB Retracement Level: $263

62% FIB Retracement Level: $165

The Crypto Daily – The Movers and Shakers – April 6th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 1.55% on Monday. Following on from a 2.12% gain from Sunday, Bitcoin ended the day at $59,145.0.

A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before hitting reverse.

Falling short of the first major resistance level at $58,980, Bitcoin fell to a late morning intraday low $56,850.0.

Bitcoin fell through the first major support level at $57,000 before bouncing back to a late afternoon intraday high $59,250.0.

Bitcoin broke through the first major resistance level at $58,980 to end the day at $59,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Tuesday.

Ripple’s XRP surged by 44.06% to lead the pack, with Litecoin (+9.48%) and Bitcoin Cash SV (+8.82%) also making solid gains.

Binance Coin  (+5.42%), Cardano’s ADA (+2.47%), Chainlink (+5.23%), Crypto.com Coin (+5.02%), Ethereum (+1.48%), and Polkadot (+1.78%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a high $1.957bn. At the time of writing, the total market cap stood at $1,872bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Monday low 56.56%. At the time of writing, Bitcoin’s dominance stood at 58.01%.

This Morning

At the time of writing, Bitcoin was up by 0.27% to $59,307.0. A mixed start to the day saw Bitcoin rise to an early morning high $59,444.0 before falling to a low $59,109.0.

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 down, falling by 2.01%.

Cardano’s ADA (-0.55%), Chainlink (-0.05%), Crypto.com Coin (-1.35%), and Polkadot (-1.08%) also saw red.

It was a bullish start for the rest of the majors, however.

At the time of writing, Litecoin was up by 1.91% to lead the way.

BTCUSD 060421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,415 to bring the first major resistance level at $59,980 into play.

Support from the broader market would be needed for Bitcoin to break out from $59,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,815.

Failure to avoid a fall through the $58,415 pivot would bring the first major support level at $57,580 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,015.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 04/04/21

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Binance Coin

Binance Coin rallied by 19.62% in the week ending 3rd April. Following on from a 1.97% gain from the previous week, Binance Coin ended the week at $322.06.

A mixed start to the week saw Binance Coin fall to a Monday intraweek low $256.90 before making a move.

Steering clear of the first major support level at $234 and the 38.2% FIB of $230, Binance Coin rallied to a Friday intraweek high $364.41.

Binance Coin broke through the first major resistance level at $294 and the second resistance level at $319.

More significantly, Binance Coin broke through the 23.6% FIB of $283 to come within range of 19th February’s swing hi $368.29 before a pullback on Saturday.

The pullback saw Binance Coin briefly fall back through the second major resistance level before wrapping up the day at $322 levels.

4 days in the green that included a 13.22% rally on Tuesday and a 10.58% gain on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $315 pivot to bring the first major resistance level at $372 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from February’s swing hi $368.29.

Barring an extended rally, the first major resistance level and resistance at $400 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $450 before any pullback. The second major resistance level sits at $422.

Failure to avoid a fall through the $315 pivot would bring the 23.6% FIB of $283 and the first major support level at $265.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$280 levels. The second major support level sits at $207.

At the time of writing, Binance Coin was up by 1.14% to $325.73. A mixed start to the week saw Binance Coin fall to an early Sunday low $316.21 before rising to a high $326.80.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 040421 Daily Chart

Litecoin

Litecoin rose by 6.10% in the week ending 3rd April. Reversing an 8% slide from the previous week, Litecoin ended the week at $195.34.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $180 before making a move.

Steering clear of the first major support level at $167, Litecoin rallied to a Saturday intraweek high $214.71.

Litecoin broke through the 23.6% FIB of $195 and the first major resistance level at $202.

Falling short of the second major resistance level at $219, however, Litecoin eased back to end the week at $200 levels.

Falling back through the first major resistance level, the 23.6% FIB of $195 delivered support on Saturday.

6 days in the green that included a 5.10% rally on Monday and a 4.36% gain on Friday delivered the upside for the week. A 7.64% slide on Saturday pared some of the gains, however.

For the week ahead

Litecoin would need to move back through the $197 pivot to bring the first major resistance level at $213 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $210 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $220 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $231.

Failure to move back through the $197 pivot would bring and the 23.6% FIB of $195 and the first major support level at $179 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$175 levels. The second major support level sits at $162.

At the time of writing, Litecoin was up by 0.70% to $196.71. A choppy start to the week saw Litecoin slide to an early Sunday low $191.90 before rising to a high $197.62.

While leaving the major support and resistance levels untested, Litecoin briefly fell through the 23.6% FIB of $195.

LTCUSD 040421 Daily Chart

Tron’s TRX

Tron’s TRX surged by 59.67% in the week ending 3rd April. Following on from a 3.48% gain from the previous week, Tron’s TRX ended the week at $0.1016.

A mixed start to the week saw Tron’s TRX fall to a Monday intraweek low $0.06093 before making a move.

Steering clear of the first major support level at $0.05307, Tron’s TRX surged to a Saturday intraweek high and new swing hi $0.1124.

Tron’s TRX broke through the week’s major resistance levels to form a near-term bullish trend.

6 days in the green that included a 41.12% breakout on Wednesday and a 9.65% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.09164 pivot to support a run at the first major resistance level at $0.1224.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1124.

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

In the event of another extended rally, Tron’s TRX could test resistance at $0.15. The second major resistance level sits at $0.1431.

Failure to avoid a fall through the $0.09164 pivot would bring the 23.6% FIB of $0.08750 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.07220 and the first major support level at $0.07089. The second major support level sits at $0.04017.

At the time of writing, Tron’s TRX was up by 4.29% to $0.1059. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.09947 before rising to a high $0.1065.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRXUSD 040421 Daily Chart

The Crypto Daily – Movers and Shakers – April 1st, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, slipped by 0.07% on Wednesday. Following a 2.02% gain on Tuesday, Bitcoin ended the month up by 29.84% to $58,796.0.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $59,899.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $59,864 before sliding to a late morning intraday low $56,826.0.

The reversal saw Bitcoin fall through the first major support level at $57,476.

Steering clear of the second major support level at $56,111, Bitcoin revisited $59,600 levels before falling back into the red.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Binance Coin  (-2.79%), Cardano’s ADA (-1.61%), and Crypto.com Coin (-2.51%) joined Bitcoin in the red.

It was a bullish day for the rest of the pack, however.

Polkadot rallied by 9.19% to lead the way, with Bitcoin Cash SV (+4.84%), Chainlink (+5.66%), and Ethereum (+4.29%) also making solid gains.

Litecoin (+0.58%) and Ripple’s XRP (+1.14%) saw modest gains on the day, however.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Wednesday high $1,872bn. At the time of writing, the total market cap stood at $1,812bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Wednesday low 59.65%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was up by 0.37% to $59,014.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,759.0 before rising to a high $59,047.0.

Elsewhere, it was another mixed start to the day.

Binance Coin (-0.08%), Cardano’s ADA (-0.22%), and Polkadot (-3.11%) bucked the trend early on.

It was a relatively bullish start for the rest of the majors, however.

At the time of writing, Bitcoin Cash SV was up by 3.62% to lead the way.

BTCUSD 010421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,507 to bring the first major resistance level at $60,188 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $59,899.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,580.

Failure to avoid a fall through the $58,507 pivot would bring the first major support level at $57,115 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level sits at $55,434.