Week ending September 15, 2019 saw Bitcoin recover from the previous week’s marginal losses. It is currently trading around $10,327 at the time of writing this, up from $9,886. The total capitalization of all digital assets in circulation retreated to $264 billion from $270 billion a week ago. Bitcoin’s market dominance continues to be above 70%.
This week French Finance Minister Le Marie raised concerns about Facebook’s Libra. He suggested that the European regulators consider creating their own digital currency available to the public. His view is shared by ECB’s governing council member, Coeure, who also noted that Libra is a signal for Europe to improve their retail payment system. Swiss National Bank President expressed his thoughts on Libra’s impact on the Swiss Financial System and economy. Crypto experts suggest that altseason is just around the corner though Bitcoin continues growing in dominance. Now let’s dive into this week’s Trader’s Digest.
What to buy?
Monero currently ranks tenth in market capitalization and it’s trading at $74.65. XMR has gained 1.74% in the past 24 hours. According to 20-day SMA, the recommended buying range is $70.27 to $72.37.
Bitcoin Cash (BCH)
Bitcoin Cash ranks fourth in market capitalization and it’s trading at $297.37. BCH has gained 0.18% in the past 24 hours. According to 200-day SMA, the recommended buying range is $287 to $290.
What to hold?
Bitcoin is currently trading at $10,315 and it has been above the crucial support at $9,800 for some time now. It is a good time to hold Bitcoin as the dominance is still above 70% and the price is likely to cross $10,500 to $10700 in the next few days; a recommended selling range for Bitcoin.
Despite the unrest in the community, Ripple is holding ground and trading at $0.256. Ripple has not seen much volatility in the past week and the following week is expected to be the same. Ripple’s market capitalization is growing steadily, however price action will see an upward trend after breaking the resistance of $0.28.
EOS is currently trading at $3.70 and it has gained 15% in the past week. Price action continues upwards and the next resistance is at $3.76. On breaking this resistance the price will cross the $4 level. EOS currently ranks 7th in market capitalization and there has been a spike in transaction volume in the past week. The recommended selling level is above $4.
What to sell?
NEM is currently trading at $0.047 and has gained 11.29% in the past 24 hours. This is above the recommended selling level and the coin is expected to see a reversal in trend in the price fails to sustain for the next 6 hours.
0x is currently trading at $0.16 and has gained 3% in the past 24 hours. 0x has a market cap of $98,206,986. The altcoin had hit an all time high of $2.53 USD on January 9, 2018.
DASH is currently trading at $91.38 and has gained 1.30 percent in the past 24 hours. DASH has an ROI of over 9000 percent since its launch. DASH Payments are fast, easy, secure, and with near-zero fees and the network has been growing steadily. The recommended selling level is above $92.
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.