The Crypto Daily – Movers and Shakers -26/09/19

Bitcoin symbol in blockchain technology and cryptocurrency concept. Abstract background 3d illustration.

Bitcoin fell by 0.72% on Wednesday. Following on from a 12.05% tumble on Tuesday, Bitcoin ended the day at $8,475.3.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $8,773.6 before hitting reverse.

Falling well short of the first major resistance level at $9,522.47, Bitcoin fell to a late morning intraday low $8,266.

Steering clear of the first major support level at $7,827.47, Bitcoin bounced back to 8,600 levels late in the day before falling back into the red.

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

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed bag for the majors.

Stellar’s Lumen and EOS led the way on the day with gains of 8.37% and 3.71% respectively.

Litecoin (+3.68%), Ripple’s XRP (+2.75%) and Ethereum (+2.25%) also found strong support on the day.

Bitcoin Cash ABC and Bitcoin Cash SV joined Bitcoin in the red, however, with losses of 0.36% and 0.33% respectively.

Through the day, the total crypto market cap slid from a high $227.77bn low $217.1bn before recovering. At the time of writing, the total market cap stood at $222.31bn.

Bitcoin’s dominance fell back to 68% levels, reflective of the trend-bucking loss on the day.

The news wires were on the quieter side once more, failing to give Bitcoin any direction.

With September rapidly coming to an end, however, the SEC’s October Bitcoin ETF deadlines are rapidly approaching.

A favorable decision on the ETFs and Bitcoin’s halving event next year could give the bulls 2nd wind going into the final quarter…

This Morning

At the time of writing, Bitcoin was down by 0.01% to $8,474.5. A tentative start to the day saw Bitcoin fall from an early morning high $8,487.5 to a low $8,432.5 before finding support.

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

Elsewhere, Bitcoin Cash ABC and Stellar’s Lumen were back on the charge, rallying by 4.02% and by 3.34% respectively.

Binance Coin and Bitcoin Cash SV also found support early on, with gains of 0.36% and 0.5% respectively.

It was red for the rest of the pack, however, with Litecoin and Ripple’s XRP leading the way down. At the time of writing, Litecoin was down by 0.57%, with Ripple’s XRP down by 0.40%.

BTC/USD 26/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the morning high $8,487.5 to $8,500 levels to support a partial recovery of the current week losses.

Support from the broader market would be needed, however for Bitcoin to take a run at the first major resistance level at $8,745.27.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $8,773.6 would likely cap any upside.

Failure to move through to $8,500 levels could see Bitcoin spend another day in the red.

A fall through the early morning low $8,412.1 to $8,380 levels would bring the first major support level at $8,233.67 into play.

Barring a broad-based crypto sell-off, Bitcoin should steer clear of the second major support level at $7,992.03.

Binance Coin Mid-Week Analysis – Support Levels in Play – 25/09/19

Cryptomania

Binance Coin Price Support

It’s been a particularly bearish start to the week for Binance Coin, which saw 3 consecutive days in the red, rounded off by a double-digit slide on Tuesday.

A 2.82% fall on Sunday was the most modest of the daily losses going into Wednesday. Binance Coin slid by 5.35% on Monday before tumbling by 17.58% on Tuesday.

A Sunday current week high $21.00 came up well short of the week’s first major resistance level at $22.89 before hitting reverse.

The reversal saw Binance Coin slide to a Tuesday current week low and new swing low $14.69. Binance Coin slid through the first major support level at $19.43 and second major support level at $17.89 before tumbling through the third major support level at $16.90.

Of greater significance, however, was a slide through the 62% FIB of 17.3.

A 6th consecutive day in the red and slide through the 62% FIB led to a near-term bearish trend, formed at June’s swing hi $40.27.

The sell-off left Binance Coin down by 24.12% for the current week and by 24.51% for the current month. September’s losses come off the back of a 24.24% slide in August.

In spite of the near-term bearish trend formation, Binance Coin is up by 151.09% year-to-date.

For the bulls, a move back through to $30 levels will now be key to resume the extended bullish trend.

At the time of writing, Binance Coin was up by 3.81% to $16.50. A bullish start to the day saw Binance Coin rise from a morning low $15.8 to a high $16.58.

In spite of the early moves, Binance Coin failed to break back through the second major support level at $17.89.

BNB/USD 25/09/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break through the second major support level at $17.89 to support a partial recovery of the current week losses.

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

Barring a broad-based crypto rebound, resistance at $18 would likely cap any upside through the remainder of the week.

In the event of a crypto rebound, Binance Coin could take a run at the first major support level at $19.43 before any pullback.

Failure to break through the second major support level at $17.89 would leave Binance Coin deep in the red.

A fall back through to $15 levels would bring Tuesday’s low $14.69 and the first major support level at $14.43 into play.

Barring an extended sell-off through the remainder of the week, Binance Coin should steer clear of sub-$14 levels.

Looking at the Technical Indicators

 

Major Support Level: $19.43

Major Resistance Level: $22.89

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $25

62% FIB Retracement Level: $31

The Crypto Daily – Movers and Shakers -24/09/19

Cryptomania

Bitcoin fell by 3.54% on Monday. Reversing a 0.42% gain from Sunday, Bitcoin ended the day at $9,702.6.

Another bearish start to the day saw Bitcoin fall from an early intraday high $10,077 to a mid-day low $9,884.9.

The reversal saw Bitcoin fall through the first major support level at $9,922.13 before finding support.

Bitcoin recovered to $9,990 levels before sliding to a late intraday low $9,610.3.

The sell-off saw Bitcoin fall through the first major support level and second major support level at $9,789.27.

Of greater significance was a second fall through the 38.2% FIB of $9,734. While finding support to move back through to $9,700 levels, Bitcoin failed to break back through the second major support level and 38.2% FIB.

For the bulls, the extended bullish trend remained intact in spite of just 2 days in the green out of 11. While having fallen back through the 38.2% FIB, Bitcoin continued to steer well clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of red for the majors.

Litecoin and Stellar’s Lumen led the way down, with losses of 8% and 7.55% respectively. Binance Coin (-5.35%), Bitcoin Cash ABC (-3.84%), Bitcoin Cash SV (-5.38%), and Ethereum (-4.91%), also saw heavy losses.

On the day, EOS (-3.69%) and Ripple’s XRP (-3.84%) saw the lightest losses.

There were no major news events to cause the reversal on the day, with Litecoin struggling once more to hold onto current levels. It’s been downhill since the halving event and a sharp sell-off late in the day weighed on the broader market.

Through the start of the week, the total crypto market cap slid from a high $265.45bn to a low $255.09bn. At the time of writing, the total market cap stood at $256.66bn.

Bitcoin’s dominance held onto 68% levels, with the broader market seeing steeper losses on the day.

This Morning

At the time of writing, Bitcoin was up by 0.63% to $9,764.2. A relatively bullish first hour of the day saw Bitcoin rise from an early morning low $9,612.9 to a high $9,772.

While steering clear of the major support and resistance levels, Bitcoin broke back through the 38.2% FIB of $9,734.

Elsewhere, it was a broadly positive start to the day, with only Bitcoin Cash ABC (-0.46%) in the red at the time of writing.

Following Monday’s crypto meltdown, Bitcoin Cash SV led the way early on, rising by 1.11%, with Litecoin up by 0.98%.

BTC/USD 24/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,800 levels to support a run at the first major resistance level at $9,982.97.

Support from the broader market would be needed, however, for Bitcoin to break through to $9,900 levels on the day.

Barring an extended crypto rally, Bitcoin would likely come up short of Monday’s high $10,077.

Failure to move back through to $9,800 levels could see Bitcoin take another hit on the day.

A fall through the 38.2% FIB of $9.734 would bring the first major support level at $9,516.27 into play.

Barring another crypto meltdown, however, Bitcoin should steer clear of sub-$9,500 levels on the day.

Altcoins Weekly Analysis – BNB, EOS and ETH – 22/09/19

Crypto00 567

Binance Coin

Binance Coin slipped by 0.14% in the week ending 21st September. Following on from a 6.67% slide from the previous week, Binance Coin ended the week at $20.97.

The weekly loss reversed a first weekly gain in 4-weeks, which had come off the back of a 24.24% loss in August.

A bearish start to the week saw Binance Coin fall to a Monday intraweek low $19.81 before finding support.

Steering clear of the first support level at $19.49 and 62% FIB of $19, Binance Coin rallied to a Wednesday intraweek high $23.27.

A 2nd consecutive day in the green saw Binance Coin break through the first major resistance level at $22.64.

It was bearish for the rest of the week, however, with Binance Coin seeing three consecutive days in the red to close out the week back at sub-$21 levels.

For the bulls, a 0.14% losses would have been considered modest when considering the fact that Binance Coin only saw green on 2 days in the week.

For the week ahead

A move through to $21.40 levels in the early part of the week would support a run at the first major resistance level at $22.89.

Binance Coin would need support from the broader market, however, to break through to $22 levels.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the second major resistance level at $24.81.

Failure to move through to $21.40 levels could see Binance Coin spend a third consecutive week in the red. A fall through to sub-$20.20 levels would bring first major support level at $19.43 into play.

In the event of an extended sell-off, Binance Coin will likely test support at the 62% FIB of $19.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $17.89.

At the time of writing, Binance Coin was down by 2.04% to $20.54

BNB/USD 22/09/19 Weekly Chart

EOS

EOS slipped by 0.72% in the week ending 21st September. Following a 13.03% rally from the previous week, EOS ended the week at $4.0111.

A mixed start to the week saw EOS rise from a Monday low $3.9545 to Tuesday intraweek high $4.24 before hitting reverse.

Steering clear of the major support levels, EOS came within range of the first major resistance level at $4.2621.

The reversal saw EOS fall to a Thursday intraweek low $3.8202. Holding above the first major support level at $3.6665, EOS managed to recover to $4.00 levels to limit the downside on the week.

4 days in the green were not enough to support a 3rd consecutive week in the green, with a 2.85% slide on Thursday doing the damage.

For the week ahead

EOS would need to move through to $4.0240 levels support a run at the first major resistance level at $4.2273.

Support from the broader market would be needed, however, for EOS to break out from $4.10 levels.

In the event of another broad-based crypto rally, EOS could test the second major resistance level at $4.4436 before any pullback.

Failure to move through to $4.0240 levels could see EOS fall for a 2nd consecutive week. A fall back through to sub-$3.90 levels would bring the first major support level at $3.8075 into play.

In the event of an extended sell-off, the second major support level at $3.6040 would likely to come into play before any recovery.

At the time of writing, EOS was down by 2.07% to $3.9280.

EOS/USD 22/09/19 Weekly Chart

Ethereum

Ethereum rallied by 13.77% in the week ending 21st September. Following on from a 6.05% gain from the previous week, Ethereum ended the week at $214.8.

Ethereum saw green for 5 consecutive days in a particularly bullish week. Steering clear of the major support levels, Ethereum rallied from a Sunday intraweek low $186.3 to a Thursday intraweek high $224.71.

Ethereum broke through the first major resistance level at $194.21 and second major resistance level at $199.58 by Tuesday. The continued upward momentum mid-week saw Ethereum break through the third major resistance level at $215.20.

It was a relatively bearish end to the week, however, with Ethereum seeing red for 2 consecutive days. The pullback saw Ethereum fall back through the third major resistance level.

For the week ahead

Steering clear of sub-$209 levels would support a run at last week’s high $224.71.

Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $230.91.

Barring a broad-based crypto rally, however, we would expect Ethereum to be pinned back by last week’s high of $224.71.

Failure to steer clear of sub-$209 levels could see Ethereum hit reverse. A fall through to sub-$200 would bring the first major support level at $192.50 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$190 levels and last week’s low $186.3

At the time of writing, Ethereum was down by 2% to $210.5.

ETH/USD 22/09/19 Daily Chart

The Crypto Daily – Movers and Shakers -19/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.30% on Wednesday. Following on from a 0.73% decline on Tuesday, Bitcoin ended the day at $10,185.

A relatively bullish start to the day saw Bitcoin rise to an early morning intraday high $10,278.

Falling short of the first major resistance level at $10,293.73, Bitcoin fell to a mid-day intraday low $10,111.

The pullback saw Bitcoin slide through the first major support level at $10,148.73 before finding support.

Moves back through to $10,200 levels were short-lived in the 2nd half of the day, however, with Bitcoin closing out the day at sub-$10,200.

For the bulls, the extended bullish trend remained intact in spite of a 6th consecutive day in the red. Bitcoin continued to hold well above the 38.2% FIB of $9,734 and, more importantly, the 62% FIB of 7,245.

The Rest of the Pack

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

Ripple’s XRP and Stellar’s Lumen lead the way on the day once more. Stellar’s Lumen surged by 29.5%, with Ripple’s XRP rising by 9.85%.

Monero’s XMR came close behind, with a 9.33% rally on the day.

Binance Coin and Litecoin also found strong support, rising by 5.47% and by 4.84% respectively.

Bitcoin Cash ABC (+1.14%), Ethereum (+1.12%), Bitcoin Cash SV (+0.51%), and EOS (+0.41%) saw more modest gains on the day.

Recovering from a start of a week low $263.3bn on Monday, the total crypto market cap hit a current week high $273.58bn on Wednesday. At the time of writing, the total crypto market cap stood at $271.26bn.

Bitcoin’s dominance fell further back to a Wednesday low 67.17%, having hit 70.9% last week, as the broader crypto market rallied.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $10,199. A bullish start to the day saw Bitcoin rise from an early morning low $10,184 to a high $10,208.

Bitcoin left the major support and resistance levels untested early in the day.

Elsewhere, it was a sea of red across the crypto-board as investors looked to lock in profits from the Wednesday rally.

Wednesday’s front runners, Monero’s XMR (-3.41%), Ripple’s XRP (-4.34%) and, Stellar’s Lumen (-3.82%) led the way down.

BTC/USD 19/09/19 Weekly Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$10,190 levels to support a recovery of recent losses.

A move back through the morning high $10,208 would bring the first major resistance level at $10,271.67 into play.

With Bitcoin having trailed the broader market through the current week, a breakthrough to $10,300 levels could deliver a momentum rally later in the day.

In the event of a breakout, the second major resistance level at $10,358.33 would come into play before any pullback.

Failure to steer clear of sub-$10,190 would see Bitcoin join the rest of the pack in the red.

A fall through to $10,170 would bring the first major support level at $10,104.67 into play.

Barring a crypto meltdown, Bitcoin should steer clear of the second major support level at $10,024.33.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 18/09/19

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

Binance Coin Price Resistance

It’s been a choppy start to the week for Binance Coin, which saw red for 2-consecutive days before finding support on Tuesday.

A 3.3% slide on Sunday and a bearish start to the day on Monday saw Binance Coin slide to a Monday current week low $19.81.

The reversal saw Binance Coin come within range of the first major support level at $19.49.

A recovery through Monday limited the loss on the day to just 0.25%.

Finding support from the broader market, Binance Coin rallied by 3.95% on Tuesday, striking a late Tuesday current week high $21.45.

In spite of the recovery, Binance Coin came up well short of the first major resistance level at $22.64.

Key through the early part of the week, however, was a break back through to and hold onto $21 levels.

Tuesday’s rally reversed losses from the start of the week to leave Binance Coin up by 0.24% at $21.05, Sunday through Tuesday.

While up for the current week, Binance Coin was flat for the current month. Last week’s 6.7% slide reversed a bullish start to the month. The Binance Coin bulls have some way to go before reversing August’s 24.24% slide.

The near-term bullish trend formed at 7th December’s swing lo $4.17 remained firmly intact, however.

Binance Coin was up by 233% year-to-date, with Binance Coin managing to steer clear of the 62% FIB of $19 in spite of the pullback from June’s current year high $43.16.

For the bulls, a move back through to $22 levels will now be key to maintaining the upward momentum for the current year…

At the time of writing, Binance Coin was up by 2.97% to $21.68. Recovering from an early dip to a morning low $20.88, Binance Coin rallied to an early morning high $22.00.

Binance Coin came up short of the first major resistance level at $22.64 in spite of the early rally.

BNB/USD 18/09/19 Daily Chart

For the remainder of the week

Binance Coin would need to steer clear of $21.15 levels to support a run at the first major resistance level at $22.64.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $22.00.

In the event of an extended broad-based crypto rally, the second major resistance level at $24.30 could come into play.

We would expect Binance Coin to continue to come up short of the 38.2% FIB of $28, however.

Failure to steer clear of $21.15 levels could see Binance Coin resume the downward trend from last week.

A fall back through the current week low $19.81 would bring the first major support level at $19.49 into play.

Barring a broad-based crypto meltdown, however, Binance Coin should steer clear of the 62% FIB of $19 and sub-$19 levels.

Looking at the Technical Indicators

Major Support Level: $19.49

Major Resistance Level: $22.64

23.6% FIB Retracement Level: $34

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $19

The Crypto Daily – Movers and Shakers -17/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.31% on Monday. Following on from a 0.58% fall on Sunday, Bitcoin ended the day at $10,290.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $10,404.

Bitcoin broke through the first major resistance level at $10,391 before hitting reverse.

The reversal saw Bitcoin slide to a mid-day intraday low $10,091. Bitcoin fell through the first major support level at $10,263 and second major support level at $10,205.

Steering clear of the third major support level at $10,077, Bitcoin bounced back to a late high $10,400. The late rally saw Bitcoin break back through the first major resistance level at $10,391 before sliding back into the red.

For the bulls, the extended bullish trend remained intact. Bitcoin continues to hold above the 38.2% FIB of $9,734 after the early September rebound.

The Rest of the Pack

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

Monero’s XMR and Binance Coin bucked the trend on the day, falling by 0.71% and 0.25% respectively.

It was green for the rest of the majors, with Ethereum leading the way with a 4.37% gain.

Litecoin and Bitcoin Cash SV also saw solid gains, rising by 3.74% and 2.44% respectively.

Bitcoin Cash ABC (0.82%), EOS (+0.33%), Ripple’s XRP (+0.59%), and Stellar’s Lumen (+0.12%) trailed the front runners.

At the start of the week, the total crypto market cap fell from a high $268.13bn to a low $263.3bn on Monday. At the time of writing, the total crypto market cap stood at $266.08bn.

Bitcoin’s dominance also eased back to 69.3%, having hit 70.9% last week, with 4 consecutive days in the red pinning Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $10,275. Monday’s late pullback into the red continued into the early hours of this morning. Bitcoin fell from the start of a day high $10,296 to a low $10,260.

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

Elsewhere, Ripple’s XRP (-0.02%), Monero’s XMR (-0.4%), Litecoin (-0.11%), EOS (-0.38%), and Binance Coin (-0.20%) also struggled at the start of the day.

Ethereum and Stellar’s Lumen saw early gains, rising by 0.50% and by 0.67% respectively.

Bitcoin Cash ABC led the way at the start of the day, however, rallying by 1.2%

BTC/USD 17/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$10,260 to support a run at the first major resistance level at $10,432.33.

With resistance at $10,400 having pinned Bitcoin back for 2 consecutive days, Bitcoin would need an early move through Monday’s high $10,404 to support a breakout.

Barring a broad-based crypto rally on the day, we would expect Bitcoin to come up short of $10,500 levels.

Failure to steer clear of sub-$10,260 would bring the first major support level at $10,119.33 into play.

Barring a crypto meltdown, Bitcoin should steer clear of sub-$10,000 support levels, however.

Altcoins Weekly Analysis – BNB, EOS and ETH – 15/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 6.67% in the week ending 14th September. Reversing a 6.7% gain from the previous week, Binance Coin ended the week at $20.99.

A mixed start to the week saw Binance Coin rise to a Sunday an intraweek high $22.8 before hitting reverse.

Falling well short of the first major resistance level at $23.74, Binance Coin saw 4 consecutive days in the red. The sell-off led Binance Coin to a Thursday intraweek low $19.65, off the back of a 4.8% loss on the day.

Binance Coin fell through the first major support level at $21.09 to test the second major support level at $19.73.

Finding support late in the week, Binance Coin moved back through to $21 levels before easing back on Saturday.

The bearish week saw Binance Coin in the green on just 2 of the 7 days.

For the week ahead

A move through to $21.15 levels in the early part of the week would support a run at the first major resistance level at $22.46.

Binance Coin would need support from the broader market, however, to break through to $22 levels.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the previous week’s high $23.66 and second major resistance level at $24.30.

Failure to move through to $21.15 levels could see Binance Coin spend another week in the red. A fall through to sub-$20.5 levels would bring first major support level at $19.49 into play.

Barring a crypto meltdown, however, Binance Coin should continue to steer clear of the 62% FIB of $19 on the week.

At the time of writing, Binance Coin was up by 0.11% to $21.01

BNB/USD 15/09/19 Weekly Chart

EOS

EOS surged by 13.03% in the week ending 14th September. Following on from a 7.38% rally from the previous week, EOS ended the week at $4.0403.

A bullish start to the week saw EOS rise from a Sunday intraweek low $3.5144 to a Monday high $3.9668.

Holding above the first major support level at $3.2305, EOS broke through the first major resistance level at $3.8041 before hitting reverse.

The reversal saw EOS fall back to $3.6 levels before finding support. In spite of 4 consecutive days in the red through to Friday, EOS continued to steer clear of the first major support level at $3.2305.

An 8% rally on Saturday delivered the lion’s share of the weekly gains, with EOS striking an intraweek high $4.11.

EOS broke back through the first major resistance level at $3.8041 and second major resistance level at $4.0290.

For the week ahead

Holding above $3.80 levels would support a run at the first major resistance level at $4.2621.

EOS would need the support of the broader market, however, to break out from last week’s high $4.11.

In the event of another broad-based crypto rally, EOS could test the second major resistance level at $4.4838 before any pullback.

Failure to hold above $3.80 levels could see EOS eat into last week’s gains. A fall back through to sub-$3.80 levels would bring the first major support level at $3.6665 into play.

Barring a crypto meltdown, EOS should steer well clear of the second major support level at $3.2305.

At the time of writing, EOS was up by 0.28% to $4.0518.

EOS/USD 15/09/19 Weekly Chart

Ethereum

Ethereum rallied by 12.28% in the week ending 14th September. Following on from a 3.6% gain from the previous week, Ethereum ended the week at $188.85.

A bullish start to the week saw Ethereum break through the first major resistance level at $185.82 to a Monday high $186 before hitting reverse.

Ethereum saw red for 3 consecutive days, which led to a Wednesday intraweek low $173.7 before finding support. In spite of the pullback, Ethereum steered clear of the first major support level at $167.66.

Through the latter part of the week, Ethereum saw green for 3 consecutive days, leading to an intraweek high $189.32.

Ethereum broke back through to the first major resistance level at $185.82 to come up against resistance at $190 that capped the upside for the week.

For the week ahead

Steering clear of sub-$188 levels would support a run at the first major resistance level at $194.21.

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

Barring a broad-based crypto rally, Ethereum would likely be pinned back by the second major resistance level at $199.58.

In the event of a broad-based crypto rally, Ethereum could visit $200 levels later in the week.

Failure to steer clear of $188 levels could see Ethereum hit reverse. A fall through to $183 levels would bring the first major support level at $178.59 into play.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$170 levels and the second major support level at $168.34.

At the time of writing, Ethereum was up by 0.07% to $188.98.

ETH/USD 15/09/19 Weekly Chart

The Crypto Daily – The Movers and Shakers -12/09/19

Cryptomania

Bitcoin rose by 0.53% on Wednesday. Partially reversing a 1.9% slide from Tuesday, Bitcoin ended the day at $10,175.

A particularly bullish start to the day saw Bitcoin rally to an early morning intraday high $10,300 before hitting reverse.

Falling short of the first major resistance level at $10,360.33, Bitcoin fell to a mid-morning intraday low $9,814.

The reversal saw Bitcoin fall through the first major support level at $9,920.33 to the lowest level since 2nd September.

Finding support through the late morning, Bitcoin recovered to $10,100 levels before a second visit to sub-$10,000 levels in the late afternoon.

Steering clear of the first major support level on the 2nd dip, Bitcoin moved back into positive territory late in the day.

For the bulls, the extended bullish trend remained intact. While Bitcoin broke back through the 38.2% FIB, Bitcoin had also continued to hold well 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.

Monero’s XMR bucked the trend on the day, gaining 2.59%.

It was red for the rest of the pack, with Bitcoin Cash SV and Binance Coin leading the way down. Bitcoin Cash SV slid by 6.8%, with Binance Coin falling by 4.78%.

Bitcoin Cash ABC (-2.1%), Stellar’s Lumen (-1.44%), Litecoin (-1.29%), and Ripple’s XRP (-1.21%) also saw relatively heavy losses.

Ethereum and EOS were the best of the rest, with losses of 0.75% and 0.49% respectively.

Since the start of the week, the total crypto market cap fell from $267bn levels on Monday to a current week low $257.9bn on Wednesday. At the time of writing, the total crypto market cap stood at $258.9bn.

In spite of the pullback, a more modest 3% loss for the current week saw Bitcoin’s dominance rise back through to 70% levels.

This Morning

At the time of writing, Bitcoin was down by 0.89% to $10,084. A mixed start to the day saw Bitcoin rise to an early morning high $10,223 before slipping to a low $10,064.

Bitcoin left the major support and resistance levels untested in the early hours.

Elsewhere, Bitcoin Cash ABC gave up early gains to join the rest of the majors in the red.

Binance Coin and Monero’s XMR saw the heaviest losses this morning. The pair were down by 4.91% and  2.99% respectively at the time of writing.

Bitcoin Cash SV (-1.41%), EOS (-1.42%), Litecoin (-1.69%), and Ripple’s XRP (-1.4%) also struggled.

BTC/USD 12/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,100 levels to support a run at the first major resistance level at $10,378.67.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $10,223.

Barring a broad-based crypto rally, Wednesday’s high $10,300 and first major resistance level would likely cap any upside.

Failure to hold onto $10,000 levels could see Bitcoin fall deeper into the red. A fall through to $9,950 would bring the first major support level at $9,892.67 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$9,800 levels. Of greater importance will be for Bitcoin to steer clear of the 38.2% FIB of $9,734 on the day.

Binance Coin Mid-Week Analysis – Support Levels in Play – 11/09/19

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 Price Support

It’s been a bearish start to the week for Binance Coin, which had seen 3 consecutive days in the red going into Wednesday.

While losses on Sunday were limited to just 0.22%, a 1.25% fall on Monday and 1.67% fall on Tuesday did the damage.

Through the first part of the week, Binance Coin rose to an early Sunday current week high $22.8 before hitting reverse.

Falling well short of the first major resistance level at $23.74, Binance Coin slid to a Tuesday current week low $21.31.

A brief visit to a Monday high $22.78 was short-lived as the crypto bears pressured the broader market.

In spite of the pullback, Binance Coin steered clear of the first major support level at $21.09.

While down for the current week, Binance Coin was up by 3.37% for the current month. Last week’s 6.7% gain delivered the much-needed upside, with Binance Coin having tumbled by 24.24% in August.

The near-term bullish trend formed at 7th December’s swing lo $4.17 remained firmly intact, however.

Binance Coin is up by 244% year-to-date, with Binance Coin steering clear of the 62% FIB of $19. This is in spite of a pullback from June’s current year high $43.16.

For the bulls, steering clear of sub-$20 levels will be key to maintaining the upward momentum for the current year…

At the time of writing, Binance Coin was down by 0.32% to $21.69. Binance Coin rose to an early morning high $22.09 before sliding to a low 21.61.

Whilst continuing to steer clear of the major support and resistance levels, Binance Coin faces a 4th consecutive day in the red.

BNB/USD 11/09/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $22.4 levels to bring the first major resistance level at $23.74 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $22 levels.

Barring a broad-based crypto rally, last week’s high $23.66 and first major resistance level at $23.74 would likely cap any upside.

In the event of a particularly bullish 2nd half of the week, Binance Coin could visit $24 levels.

Failure to move through to $22.4 levels could see Binance Coin cough up gains from earlier in the week.

A fall back through the current week low $21.31 would bring the first major support level at $21.09 into play.

Barring a broad-based crypto meltdown, however, Binance Coin should steer clear of sub-$20 support levels.

Looking at the Technical Indicators

Major Support Level: $21.09

Major Resistance Level: $23.74

23.6% FIB Retracement Level: $34

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $19