The Crypto Daily – Movers and Shakers – 11/02/20

crypto currency mining concept

Bitcoin slid by 2.96% on Monday. Reversing a 2.77% rally from Sunday, Bitcoin ended the day at $9,851.2.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $10,187.0 before hitting reverse.

Falling short of the first major resistance level at $10,253.63, Bitcoin slid to a mid-morning intraday low $9,701.0.

Bitcoin fell through the first major support level at $9,959.73 and the second major support level at $9,768.47.

Finding support mid-morning, Bitcoin recovered to $9,995 levels before sliding back to sub-$9,900 and a range-bound 2nd half of the day.

While breaking back through the second major support level, the first major support level at $9,959.73 pinned Bitcoin back on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of last week’s gains.

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 start to the week for the crypto majors.

Binance Coin led the way, rallying by 3.07%.

Bitcoin Cash ABC (+0.65%), Bitcoin Cash SV (+0.69%), and Tron’s TRX (+0.56%) also saw green on the day.

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

Litecoin led the way down, sliding by 4.03%.

Cardano’s ADA (-2.70%), EOS (-2.10%), Ethereum (-2.60%), Monero’s XMR (-3.73%), Ripple’s XRP (-3.16%), and Stellar’s Lumen (-3.22%) also saw heavy losses.

Tezos managed to avoid a tumble, however, with a 0.91% fall.

Through the start of the week, the crypto total market cap fell from a Monday high $290.45bn to a low $280.25bn. At the time of writing, the total market cap stood at $281.48bn.

Having fallen back from 66% to 63% levels last week, Bitcoin’s dominance slipped further back at the start of the week. At the time of writing, Bitcoin’s dominance stood at 63.3%.

Trading volumes also picked up, however, rising from sub-$140bn levels to $145bn levels on Monday. At the time of writing, 24-hr volumes stood at $145.47bn.

This Morning

At the time of writing, Bitcoin was down by 0.65% to $9,787.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,858.8 to a low $9,721.0.

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

Elsewhere, it was a sea of red across the crypto board.

Bitcoin Cash ABC and Tron’s TRX led the way down, with losses of 1.82% and 1.77% respectively.

EOS saw limited losses relative to the rest of the pack, falling by just 0.78%.

BTC/USD 11/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,913 levels to bring the first major resistance level at $10,125.13 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.

Barring a broad-based crypto rally day, the first major resistance level would likely leave Bitcoin short of Monday’s high $10,187.0.

In the event of another breakout, the second major resistance level at $10,399.07 could come into play.

Failure to move back through to $9,913 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,721.0 would bring the first major support level at $9,639.13 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 09/02/20

Binance

Binance Coin

Binance Coin surged by 19.45% in the week ending 8th February. Following on from a 7.99% rally from the previous week, Binance Coin ended the week at $21.80.

Bullish through the week, Binance Coin saw 5 days in the green out of 6 before easing back on Saturday.

The breakout saw Binance Coin rise from a Sunday intraweek low $17.67 to a Friday intraweek high $22.65.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $19.27 and second major resistance level at $20.30.

Of greater significance was a breakthrough the 23.6% FIB of $18.8 to hit $20 levels for the first time since 18th November.

A 1.05% pullback on Saturday left the 38.2% FIB of $22.90 out of reach on the day.

For the week ahead

Binance Coin would need to break through the first major resistance level at $23.74 to bring the second major resistance level at $25.69 into play.

Support from the broader market would be needed for Binance Coin to break through to $24 levels.

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

In the event of a breakout, the second major resistance level at $25.69 would likely come into play.

Failure to move through the first major resistance level at $23.74 could see Binance Coin hit reverse.

A fall back through the 38.2% FIB of $22.9 to sub-$20.70 levels would bring the first major support level at $18.76 and 23.6% FIB of $18.80 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$18 levels.

At the time of writing, Binance Coin was up by 7.14% to $23.36. A bullish start to the week saw Binance Coin jump from an early morning low $21.74 to a high $23.78.

Binance Coin broke through the 38.2% FIB of $22.90 to come up against the first major resistance level at $23.74.

BNB/USD 09/02/20 Weekly Chart

Litecoin

Litecoin rallied by 8.46% in the week ending 8th February. Following on from a 33% surge from the previous week, Litecoin ended the week at $76.67.

A bearish start to the week saw Litecoin fall to a Tuesday intraweek low $66.51 before making a move.

In spite of 3 consecutive days in the red, Litecoin steered clear of the first major support level at $57.99.

Through the rest of the week, 4 consecutive days in the green saw Litecoin rally to a Saturday intraweek high $77.92.

While Litecoin fell short of the first major resistance level at $78.14, Litecoin came up against the 38.2% FIB of $78 before easing back.

For the week ahead

Litecoin would need to move through to $79 levels to support a run at the first major resistance level at $80.89.

Support from the broader market would be needed for Litecoin to break back through to the current week’s high $78.45.

In the event of another breakout, Litecoin could visit $85 levels before any pullback. The second major resistance level at $85.11 would likely limit any upside.

Failure to move back through to $79 levels could see Litecoin hit reverse.

A fall back through the 38.2% FIB of $78.00 to sub-$73.70 levels would bring the first major support level at $69.48 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$70 levels in the week.

At the time of writing, Litecoin was up by 2.31% to $78.44. A bullish start to the week saw Litecoin rise from an early morning low $76.65 to a high $78.45.

Steering clear of the major support and resistance levels, Litecoin broke through the 38.2% FIB of $78 early on.

LTC/USD 09/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 14.25% in the week ending 8th February. Following on from an 18.62 breakout from the previous week, Tron’s TRX ended the week at $0.021807.

A relatively range-bound start to the week saw Tron’s TRX fall to a Tuesday intraweek low $0.019462 before making a move.

Steering clear of the first major support level at $0.01690, Tron’s TRX rallied to a Friday intraweek high $0.023771.

The rally saw Tron’s TRX break through the first major resistance level at $0.0206 and second major resistance level at $0.0221.

A bearish end to the week, however, led to a pullback through the second major resistance level to close out the day at $0.021 levels

For the week ahead

Tron’s TRX would need to move back through last week’s high $0.023771 to support a run at the first major resistance level at $0.02420.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0230 levels.

In the event of a broad-based crypto rally, the second major resistance level at $0.02670 could come into play.

Failure to move through last week’s high $0.023771 could see Tron’s TRX hit reverse.

A fall back to sub-$0.0213 levels would bring the first major support level at $0.01890 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.020 levels in the week.

At the time of writing, Tron’s TRX was up by 3.16% to $0.022496. A bullish start to the week saw Tron’s TRX rally from an early morning low $0.021805 to a high $0.22640.

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

TRX/USD 09/02/20 Weekly Chart

The Crypto Daily – Movers and Shakers – 06/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 4.51% on Wednesday. Reversing a 1.20% fall from Tuesday, Bitcoin ended the day at $9,612.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,180.2 before making a move.

Steering clear of the first major support level at $9,086.67, Bitcoin rallied to a late afternoon intraday high $9,731.9.

Bitcoin broke through the 38.2% FIB of $9,260 and the day’s major resistance levels before easing back.

The late pullback to sub-$9,700 levels saw Bitcoin fall back through the third major resistance level at $9,717.83.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the continued upward trend.

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 crypto majors.

Bitcoin Cash ABC, Bitcoin Cash SV, and Tezos led the way, surging by 17.11%, 10.54%, and by 11.52% respectively.

Tezos returned to the top 10 after Wednesday’s rally.

Binance Coin (+6.40%), Cardano’s ADA (+6.29%), EOS (+7.18%), Ethereum (+8.37%), Litecoin (+6.97%), and Tron’s TRX (+7.61%) also found strong support.

Monero’s XMR (+4.12%), Ripple’s XRP (+3.86%), and Stellar’s Lumen (+3.32%) trailed the pack on the day.

Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to a Wednesday high $273.49bn. At the time of writing, the total market cap stood at $270.88bn.

Having fallen back from 66% levels, Bitcoin’s dominance slipped further back on Wednesday. More marked gains across the broader market pinned Bitcoin back on the day. At the time of writing, Bitcoin’s dominance stood at 64.4%.

Trading volumes also picked up, rising to $136bn levels on Wednesday. At the time of writing, 24-hr volumes stood at $136.29bn.

This Morning

At the time of writing, Bitcoin was down by 0.12% to $9,600.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,547.0 before rising to a high $9,642.6.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Tezos found support early on, with the pair up by 0.28% and 4.18% respectively.

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

Bitcoin Cash ABC (-2.17%), Litecoin (-1.17%), Monero’s XRM (-1.18%), Stellar’s Lumen (-1.44%), and Tron’s TRX (-1.43%) saw heavy losses early on.

BTC/USD 06/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through Wednesday’s high $9,731.9 to support a run at the first major resistance level at $9,835.87.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,642.6

Barring another broad-based crypto rally, resistance at $9,700 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,000 levels would likely come into play before any pullback. The second major resistance level at $10,059.73 2 would limit any upside.

Failure to move back through Wednesday’s high $9,731.9 could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,547.0 to sub-$9,510 levels would bring the first major support level at $9,284.17 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,500 on the day.

In the event of a sell-off, the 38.2% FIB of $9,260 and the first major support level should limit any downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/02/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a mixed 1st half of the week for Binance Coin, which saw 2 in the green out of 3.

Rallying from an early Sunday current week low $17.67, Binance Coin struck a Monday current week high $19.14 before hitting reverse.

Steering clear of the major support levels, Binance Coin also fell short of the first major resistance level at $19.27.

Of greater significance, however, was a breakthrough the 23.6% FIB of $18.8 before a 1.83% fall on Tuesday.

The pullback saw Binance Coin fall back through the 23.6% FIB to $17 levels before recovering to $18 levels to limit the downside for the current week.

For the current week, Binance Coin was down by 0.77%, Sunday through to Tuesday.

A 1.01% rally on Sunday provided much-needed support in the early part of the week.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

The extended sell-off had seen Binance Coin fall for 5 consecutive weeks before finding support in late December. The reversal had included a 19.3% slide in the final week of November.

At the turn of the year, Binance Coin has enjoyed 5 weeks in the green out of 6, which included a 19.4% rally in the week ending 18th January.

For the bulls, Binance Coin would need to break through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 2.41% to $18.54. A bullish start to the day on Wednesday saw Binance Coin rally from an early morning low $17.76 to the current week high $19.14.

The early rally saw Binance Coin break through the 23.8% FIB of $18.8 before easing back.

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

BNB/USD 05/02/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the 23.6% FIB to $19 levels to support another run at first major resistance level at $19.27.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $19.14.

Barring an extended rally going into the weekend, the first major resistance level at $19.27 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $20.30 would come into play.

Failure to move back through to $19 levels could see Binance Coin fall deeper into the red.

A pullback through to sub-$18 levels would bring the first major support level at $16.98 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $16.98

Major Resistance Level: $19.27

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

The Crypto Daily – Movers and Shakers – 04/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.47% on Monday. Following on from a 0.61% decline on Sunday, Bitcoin ended the day at $9,309.3.

A bullish start to the day saw Bitcoin rally to an early morning intraday high $9,628.6 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,514.0 before sliding to a late afternoon intraday low $9,247.0.

The reversal saw Bitcoin fall through the 38.2% FIB of $9,260 before recovering to $9,350 levels.

A late pullback, however, saw Bitcoin ease back into the red.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of last week’s gain.

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 crypto majors.

Cardano’s ADA and Monero’s XMR led the way, rallying by 2.28% and by 2.45% respectively.

Bitcoin Cash ABC (+1.99%), Bitcoin Cash SV (+1.32%), Ripple’s XRP (+1.43%) Stellar’s Lumen (+1.61%), and Tron’s TRX (+1.05%) also found strong support.

Binance Coin (+0.27%) and Ethereum (+0.64%) trailed the front runners on the day.

EOS and Litecoin bucked the trend, however, falling by 0.41% and 0.40% to join Bitcoin in the red.

Through the start of the week, the crypto total market cap rose to a Monday high $265.13bn before falling to a low $258.67bn. At the time of writing, the total market cap stood at $259.57bn.

Having fallen back from 66% levels, Bitcoin’s dominance held onto 65% levels in spite of Monday’s loss. At the time of writing, Bitcoin’s dominance stood at 65.1%.

Trading volumes also picked up, rising to $122bn levels before falling back. At the time of writing, 24-hr volumes stood at $113.02bn.

This Morning

At the time of writing, Bitcoin was up by 0.36% to $9,343.0. A bullish start to the day saw Bitcoin rise from an early morning low $9,307.4 to a high $9,359.8.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA led the way, rising by 1.11%, with EOS (+0.87%) and Stellar’s Lumen (+0.94%) close behind.

Bucking the trend early on, however, was Monero’s XRM, which was down by 0.37% at the time of writing.

BTC/USD 04/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,415 levels to support a run at the first major resistance level at $9,522.77.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels.

Barring another broad-based crypto rally, the first major resistance level would likely pin Bitcoin back from Monday’s high.

In the event of another breakout, the second major resistance level at $9,736.23 would likely come into play.

Failure to move back through to $9,415 levels could see Bitcoin fall back into the red.

A fall back through Monday’s low $9,307.5 would bring the first major support level at $9,201.67 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the first major support level, however. The 38.2% FIB of $9,260 should limit any downside on the day.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/02/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin rallied by 7.99% in the week ending 1st February. Reversing a 4.78% fall from the previous week, Binance Coin ended the week at $18.25.

Bullish through the week, Binance Coin saw 4 consecutive days in the green before easing back.

The breakout saw Binance Coin rise from a Sunday intraweek low $16.74 to a Friday intraweek high $19.03.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $18.21 to visit $19 levels for the first time since November.

While falling short of the second major resistance level at $19.51, Binance Coin broke through the 23.6% FIB of $18.80 before easing back.

A 1.64% slide on Friday following by a flat Saturday limited the upside for the week.

For the week ahead

Binance Coin would need to break through to $18.10 levels to support a run at the first major resistance level at $19.27.

Support from the broader market would be needed for Binance Coin to breakout from last week’s high $19.03.

Barring a broad-based crypto rally, the first major resistance level and 23.6% FIB of $18.8 would likely limit any upside in the week.

In the event of a breakout, the second major resistance level at $20.30 would likely come into play.

Failure to move through to $18.10 levels could see Binance Coin hit reverse.

A fall back through to sub-$17.50 levels would bring the first major support level at $16.98 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

At the time of writing, Binance Coin was down by 1.56% to $17.96. A bearish start to the week saw Binance Coin fall from an early morning high $18.28 to a low $17.82.

Binance Coin left the major support and resistance untested at the start of the week.

BNB/USD 02/02/20 Weekly Chart

Litecoin

Litecoin rallied by 33% in the week ending 1st February. Reversing a 10.16% slide from the previous week, Litecoin ended the week at $70.69.

Bullish through the week, Litecoin rallied from a Sunday intraweek low $52.75 to a Saturday intraweek high $72.90.

Off the back of 6 days in the green out of 7, Litecoin broke through the first major resistance level at $60.27 and second major resistance level at $67.32.

The breakout also saw Litecoin break through the 23.6% FIB of $62.

For the week ahead

Litecoin would need to move back through to $70 levels to support a run at the first major resistance level at $78.14 and 38.2% FIB of $78.

Support from the broader market would be needed for Litecoin to break back out from last week’s high $72.9.

Barring another broad-based crypto rally, however, Litecoin will likely come up short of the first major resistance level.

In the event of another breakout, Litecoin could visit $80 levels before any pullback. The second major resistance level at $85.60 would likely limit any upside.

Failure to move back through to $70 levels could see Litecoin hit reverse.

A fall back through to sub-$65.50 levels would bring the first major support level at $57.99 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$60 levels in the week.

At the time of writing, Litecoin was down by 2.94% to $68.61. A bearish start to the week saw Litecoin slide from an early morning high $70.72 to a low $67.64.

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

LTC/USD 02/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 18.62% in the week ending 1st February. Reversing an 8.36% slide from the previous week, Tron’s TRX ended the week at $0.019121.

A bullish first half of the week saw Tron’s TRX rally from a Sunday intraweek low $0.016096 to a Wednesday intraweek high $0.019850.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01760 and the second major resistance level at $0.01900.

Through the 2nd half of the week, a 4.8% gain on Thursday was reversed with a 4.16% slide on Friday to limit the upside in the week.

For the week ahead

Tron’s TRX would need to move back through last week’s high $0.019850 to support a run at the first major resistance level at $0.02060.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0190 levels.

Barring an extended crypto rally, Tron’s TRX would likely fall short of the first major resistance level.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.0221 could come into play.

Failure to move through last week’s high $0.01985 could see Tron’s TRX hit reverse.

A fall back to sub-$0.01840 levels would bring the first major support level at $0.01690 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.016in the week.

At the time of writing, Tron’s TRX was down by 0.95% to $0.018940. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.091087 to a low $0.01860.

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

TRX/USD 02/02/20 Weekly Chart

The Crypto Daily – Movers and Shakers – 30/01/20

Cryptomania

Bitcoin fell by 0.99% on Wednesday. Partially reversing a 5.44% rally from Tuesday, Bitcoin ended the day at $9,300.3.

A relatively range-bound start to the day saw Bitcoin rise to an early morning high $9,436.4 before falling to a late morning intraday low $9,242.0.

Steering clear of the major support and resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 before finding support.

Bitcoin bounced back to a late intraday high $9,442.3 before hitting reverse. Falling short of the first major resistance level at $9,560.97, Bitcoin fell back to sub-$9,300 levels.

A recovery to $9,300 at the day end limited, however, the downside on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upside this week.

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 another mixed day for the majors.

Bitcoin Cash ABC, Cardano’s ADA and Monero’s XMR bucked the trend, with gains of 0.35%, 0.54%, and 2.69% respectively.

It was bearish for the rest of the pack, however.

Bitcoin Cash SV led down, sliding by 3.71%.

Binance Coin (-1.05%), EOS (-2.17%), Ethereum (-1.40%), Litecoin (-1.65%), and Ripple’s XRP (-1.64%) also struggled.

Stellar’s Lumen and Tron’s TRX saw more modest losses of 0.52% and 0.10% respectively.

Through the 1st half of the week, the crypto total market cap rose from a Monday low $237.76bn to a Wednesday high $257.94bn. At the time of writing, the total market cap stood at $253.17bn.

Bitcoin’s dominance held onto 66% levels supported by the solid gains from the start of the week.

Trading volumes also picked up, rising from sub-$80bn levels on Sunday to $126bn levels on Wednesday before easing back. At the time of writing, 24-hr volumes stood at $114.55bn.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $9,287.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,335.5 before falling to a low $9,205.0.

Coming up short of the first major resistance level at $9,414.33, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,214.23.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.60%), Cardano’s ADA (+0.87%), and EOS (+0.43%) found early support.

It was a bearish start for the rest of the pack, however. Tron’s TRX was down by 1.93% to lead the way down.

Bitcoin Cash ABC (-1.53%), Monero’s XMR (-0.92%), Ripple’s XRP (-1.18%), and Stellar’s Lumen (-1.09%) also struggled.

BTC/USD 30/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $9,335.5 to support a run at the first major resistance level at $9,414.33.

Support from the broader market would be needed, however, for Bitcoin to break through to $9,400 levels.

Barring a broad-based crypto rally, Wednesday’s high $9,442.3 and the first major resistance level would likely cap any upside.

In the event of another breakout, the second major resistance level at $9,528.37 will likely come into play.

Failure to move back through the morning high $9,335.5 could see Bitcoin fall deeper into the red.

A fall back through the 38.2% FIB of $9,260 would bring the first major support level at $9,214.23 back into play.

Barring a crypto meltdown, however, Bitcoin should steer well clear of sub-$9,000 levels. The second major support level at $9,128.17 should limit any downside on the day.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 29/01/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a bullish 1st half of the week for Binance Coin, which saw 3 consecutive days in the green.

Rallying from an early Sunday current week low $16.74, Binance Coin struck a Tuesday current week high $18.78.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $18.21.

The breakout saw Binance Coin come up against the 23.6% FIB of $18.8 before easing back.

A late pullback on Tuesday saw Binance Coin fall back through the first major resistance level.

For the current week, Binance Coin was up by 7.22%, Sunday through to Tuesday.

A 3.2% rally on Sunday and 2.69% gain on Tuesday delivered the upside through the early part of the week.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

The extended sell-off had seen Binance Coin fall for 5 consecutive weeks before finding support in late December. The reversal had included a 19.3% slide in the final week of November.

At the turn of the year, Binance Coin had enjoyed 4 consecutive weeks in the green before last week’s 4.78% loss.

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 0.56% to $18.02. A mixed start to the day on Wednesday saw Binance Coin fall from an early morning high $18.21 to a low $17.91 before finding support.

Binance Coin came up against the first major resistance level at $18.21 before easing back.

BNB/USD 29/01/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the first major resistance level at $18.21 to support another run at the 23.6% FIB of $18.8.

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

Barring an extended rally going into the weekend, the 23.6% FIB and resistance at $19 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $19.51 would come into play.

Failure to move back through the first major resistance level could see Binance Coin hit reverse.

A pullback through to sub-$17.30 levels would bring the first major support level at $15.97 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $15.97

Major Resistance Level: $18.21

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

The Crypto Daily – Movers and Shakers – 28/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 3.37% on Monday. Following on from a 3.21% gain from Sunday, Bitcoin ended the day at $8,912.0.

A mixed start to the day saw Bitcoin fall from $8,700 levels to a late morning intraday low $8,585.0.

Steering clear of the first major support level at $8,404.47, Bitcoin rallied to a late intraday high $9,001.9.

Bitcoin broke through the first major resistance level at $8,735.07 and the second major resistance level at $8,848.63.

Coming up short of the third major resistance level at $9,179.23, Bitcoin eased back to $8,900 levels late on.

It was Bitcoin’s first visit to $9,000 since 19th January. Bitcoin has found support as the coronavirus spreads and the death toll rises. Outperforming the more traditional safe havens, greater accessibility to the crypto market is leading to greater inflows at the time of strife. With Bitcoin demand on the rise, we have also seen the other crypto majors benefit as riskier assets take a hit.

This was the 2nd time this year that Bitcoin and the broader crypto market have seen such demand. Earlier in the month, rising tensions between the U.S and Iran had led to a sharp spike…

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the bullish start to the week.

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 also a bullish day for the majors.

Bitcoin Cash SV and EOS led the way, surging by 8.60% and by 8.64% respectively.

Bitcoin Cash ABC (+3.91%), Cardano’s ADA (+7.00%), and Litecoin (+4.19%) also saw solid gains.

Binance Coin (+0.92%), Ethereum (+1.31%), Monero’s XMR (+1.78%), Stellar’s Lumen (+1.87%), and Tron’s TRX (+1.09%) saw modest gains on the day.

Ripple’s XRP bucked the trend on Monday, however, falling by 0.26%.

Through the start of the week, the crypto total market cap rose from a Monday low $237.76bn to a high $247.4bn. At the time of writing, the total market cap stood at $245.47bn.

Bitcoin’s dominance held onto 66% levels supported by the solid gain at the start of the week.

Trading volumes also picked up, rising from sub-$80bn levels on Sunday to $106bn levels on Monday. At the time of writing, 24-hr volumes stood at $106.88bn.

This Morning

At the time of writing, Bitcoin was up by 0.35% to $8,943.0. A bullish start to the day saw Bitcoin rise from an early morning low $8,912.0 to a high $8,945.0.

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

Elsewhere, it was also a bullish start to the day, with Bitcoin Cash SV (+3.62%) and Bitcoin Cash ABC (+1.64%) leading the way.

BTC/USD 28/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through Monday’s high $9,001.9 to support a run at the first major resistance level at $9,080.93.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels.

Barring another broad-based crypto rally, Monday’s high and first major resistance level would likely cap any upside.

In the event of another breakout, the bulls will be targeting $9,500 levels, which would bring the second major resistance level at $9,249.87 into play.

Failure to move back through the Monday’s high $9,001.9 could see Bitcoin hit reverse.

A fall back through to sub-$8,830 levels would bring the first major support level at $8,664.03 into play.

Barring a crypto meltdown, however, Bitcoin should steer well clear of Monday’s low $8,585.0.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 26/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.78% in the week ending 25th January. Partially reversing a 19.4% surge from the previous week, Binance Coin ended the week at $16.92.

A bullish start to the week saw Binance Coin strike an early Sunday intraweek high $18.56 before hitting reverse.

Falling short of the first major resistance level at $19.44, Binance Coin slid to a Sunday low $16.42 before finding support to close out the day at $17 levels.

After a 2.43% fall on Sunday and a 0.43% fall on Monday, Binance Coin found support on Tuesday. A 4.55% rally on Tuesday saw Binance Coin return to $18 levels before sliding back into the red.

3 days in the red out of 4 saw Binance Coin fall back to close out the week at sub-$17 levels.

For the week ahead

Binance Coin would need to break through to $17.30 levels to support a run at the first major resistance level at $18.21.

Support from the broader market would be needed for Binance Coin to move back through to $18 levels.

Barring a broad-based crypto rally, the first major resistance level and 23.6% FIB of $18.8 would likely limit any upside in the week.

In the event of a breakout, the second major resistance level at $19.51 would likely come into play.

Failure to move through to $17.30 levels could see Binance Coin spend a 2nd consecutive week in the red.

A fall back through last week’s low $16.32 would bring the first major support level at $15.97 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$15 levels. The second major support level at $15.03 should limit any downside.

At the time of writing, Binance Coin was up by 0.39% to $16.95. A bullish start to the day saw Binance Coin rise from an early Sunday low $16.75 to a high $17.11.

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

BNB/USD 27/01/20 Weekly Chart

Litecoin

Litecoin slid by 10.16% in the week ending 25th January. Partially reversing a 20.07% jump from the previous week, Litecoin ended the week at $53.22.

Tracking the broader market, Litecoin rallied to a Sunday intraweek high $62.50 before hitting reverse.

While falling short of the first major resistance level at $65.36, Litecoin broke through the 23.6% FIB of $62 on the day before hitting reverse.

The reversal saw Litecoin slide through the first major support level at $51.01 to a Friday intraweek low $50.63 before finding support.

While recovering to $53 levels, 5 days in the red, which included a 6.33% slide on Thursday did the damage.

For the week ahead

Litecoin would need to move through to $55.50 levels to support a run at the first major resistance level at $60.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.

Barring abroad-based crypto rally, the first major resistance level and the 23.6% FIB of $62 would likely cap any upside.

Failure to move through to $55.50 levels could see Litecoin hit reverse once more.

A fall back through to last week’s low $50.63 would bring the first major support level at $48.40 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$48 levels.

At the time of writing, Litecoin was up by 0.3% to $53.38. A mixed start to the week saw Litecoin rise from an early morning low $52.75 to a high $53.80.

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

LTC/USD 27/01/20 Weekly Chart

Tron’s TRX

Tron’s TRX slid by 8.36% in the week ending 25th January. Partially reversing a 21.82% breakout from the previous week, Tron’s TRX ended the week at $0.016184.

A choppy start to the week saw Tron’s TRX strike a Sunday intraweek high $0.018081 before hitting reverse.

Falling short of the first major resistance level at $0.01920, Tron’s TRX fell to a Thursday intraweek low $0.015727.

Steering clear of the first major support level at $0.01540, Tron’s TRX recovered to $0.016 levels to reduce the deficit for the week.

While Tron’s TRX fell on just 3 of the 7 days last week, a 6.2% slide on Sunday and 6.54% slide on Thursday did the damage.

For the week ahead

Tron’s TRX would need to move back through to $0.01670 levels to support a run at the first major resistance level at $0.01760.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0170 levels.

Barring an extended crypto rally, the first major resistance level would likely pin Tron’s TRX back from $0.018 levels.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.0190 would likely come into play.

Failure to move through to $0.01760 levels could see Tron’s TRX spend another week in the red.

A fall back to sub-$0.016 levels would bring the first major support level at $0.01520 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.015 and the second major support level at $0.01430.

At the time of writing, Tron’s TRX was up by 0.61% to $0.016282. A bullish start to the day on Sunday saw Tron’s TRX rise from an early morning low $0.016096 to a high $0.016282.

Tron’s TRX left the major support and resistance levels untested early on.

TRX/USD 27/01/20 Weekly Chart