|Day's range||203.985 - 217.342|
|52-week range||38.13 - 660.16|
|Volume (24 hrs)||N/A|
|Volume (24 hrs) all currencies||47.02M|
Bitcoin sees red again, with a late Saturday sell-off seeing Bitcoin strike a new swing lo at the start of the day. A weekend rally has yet to materialize and, if Bitcoin doesn’t make a move soon, it may never.
Alt coins continue to fall during the week, breaking through major levels as crypto currencies in general continue to struggle around the world. Because of this, all coins will be one of the easiest markets to trade: simply sell every time they show the slightest hint of rallying.
Alt coins continue to fall right along with the major crypto currencies as crypto currencies are starting to lose their shine in general. We are starting to hear a lot less talk on Main Street about crypto currencies, and perhaps the bubble is going to continue to deflate.
Alt coins of course fall right along with major crypto currencies as they have shown signs of weakness. With this in mind, it makes sense that we will continue to see selling pressure every time we rally, and I think it’s only a matter of time before we go lower.
The alt coins struggle rather significantly during the session on Wednesday, as both Bitcoin and Ethereum both struggled rather drastically. Because of this, all coins will continue to be soft as well.
It’s another day for the Bitcoin Bears, as Tuesday’s sell-off continued in the early hours of this morning. Bitcoin’s in dire need for support and following the losses through the start of the week, a bounce back would be timely.
As the major crypto currencies continue to struggle, this has had a “knock on effect” on alt coins as per usual, as they cannot seem to get any type of footing. Because of this, one of the easiest trades has been to short alt coins overall.
It’s red again for Bitcoin, the decline coming off the back of Monday’s slide, though there could be some support through the middle of the day, while any upside will be limited as the bears remain in control.
Alt coin markets drifted a little bit lower during the day on Monday, as the major crypto currencies have also struggled to find a bit of footing. Not necessarily a major move lower, but certainly more weakness has been shown.
It’s been a testy start to the day, while holding on to $200 levels will be key to support a run at key resistance levels through the day, as the broader market looks to dust itself off from last week’s woes.
The alt coins continue to soften in value as this past week was negative again. The market has recently rallied, only to turn right back around and show signs of exhaustion. I believe that until Bitcoin and Ethereum can rally, the alt coins won’t either.
The alt coins were a bit flat during Friday trading, as longer-term charts are starting to look very negative. Bitcoin and Ethereum both have a major influence on alt coins, because they give you an idea of the risk appetite.
The alt coins were relatively flat during the Thursday session as we continue to hover around a couple of major areas. At this point, the only way to put serious money in these markets as if it’s more of a longer-term trade than anything else. However, there are some levels that we can pay attention to that could give us new trade signals.
Bitcoin sees a choppy start to the day, following Wednesday’s new swing lo as the bulls look to take the reins after 3-days in the red.
Alt coins were a bit mixed during the trading session on Wednesday, which of course makes but a bit sense as bitcoin was negative while Ethereum seem to be a bit more stable. This gives mixed signals to those playing these less liquid coins, and therefore erratic behavior becomes the norm.
The alt coins that I follow here at FX Empire have all rallied initially during trading on Tuesday, but then pulled back to look for support after a breakout. Remember, these coins almost always follow the majors, specifically Ethereum and Bitcoin.
The alt coin market continues to be negative overall, as we have seen crypto currencies fall in general. Because of this, I believe that the three minor coins will continue to be influenced heavily by both Ethereum and Bitcoin. Ethereum had recently been leading the charge higher, but we have seen a lot of negativity recently.
Bitcoin sees red again, following a modest gain on Saturday, while the Bitcoin bulls look to step ahead of the new week that will see regulatory risk sit front and center for Bitcoin ahead of the Bitcoin Cash hard fork mid-week.
The alt coins all fell during the week, with a significant push late, as the Bitcoin and Ethereum market struggled on Friday. Because of this, it looks as if we will continue to see a lot of trouble, and I think that we are going to go looking for support just below.
Alt coins fell drastically on Friday as the crypto currency markets in general have rolled over significantly. Ultimately, the markets unwinding like this of course shows a major change in attitude, with some of these coins dropping his much is 15% during the day.
Monero’s XMR sees its bullish trend reverse as the broader market sees the bulls take over in what’s been a dire week for the cryptos, regulatory chatter contributing to the losses.
The alt coins that I follow here at FX Empire continue to be very noisy, as they follow what goes on in the Bitcoin and Ethereum markets. Although both of the major coins rallied a bit, they weren’t strong rallies, so quite often that means that people were a bit skittish about putting money to work here.
Alt coins were choppy and mixed during the session on Wednesday as the crypto currency markets were initially negative, but then turned around to show signs of strength and not only the alt coins, but the Bitcoin and Ethereum markets.
As per usual, the alt coins follow the overall attitude of the Bitcoin and Ethereum markets, ultimately I think that they will be main drivers of where these markets go. As both major markets fell on Tuesday, alt coins followed the same path.
Alt coins that we follow here at FX Empire have all fallen to begin the week, which makes sense considering the boat Bitcoin and Ethereum did as well. That tends to put bearish pressure on these smaller markets but can also turn things around rather quickly at the same time.