9.9.18 Market Overview

BTC

The BTCUSD chart shows the falling market. Locally, the bottom has not yet been reached, perhaps in the week the rate will fall to the lowest levels this year. While I think that there will be a temporary rebound from 6000-5800.

The global picture - the correction of last year's BTCUSD prices occurred in February at 5900, now the price of bitcoin is not linked to the prices of December 2017.

On May 6, 2018, bitcoin was repulsed from the $ 10,000 mark. When the price goes up to 10,000-5800-8500-5900-7300, the NVT index shows overbought from the middle of July. The market will be corrected - I expect still lower prices for bitcoin (the establishment of new minimums in 2018).

ALTS

Domination of bitcoin over alternative currencies = 55%, the chart shows a divergence from the middle of August, which indicates a possible trend change = the beginning of the alt-season.

From 24.07.18 to 24.08.18 there was a stagnation in the market, the prices were good for the accumulation of alts. Today, the BMP index again went down to 10%, which indicates a successful moment to buy alts.

ETH

ETH is heavily resold, but taking into account the forecast for BTC, it is possible for ETH to completely surrender, first the drawdown will be in the ETHUSD pair = 150 $ and below (up to $ 100).