Crypto Panic, Consolidation point Broken: Top 5 Market Cap Cryptos Analysis and Where is the market heading? Explained in a simple way as usual.
crypto·@veerall·
0.000 HBDCrypto Panic, Consolidation point Broken: Top 5 Market Cap Cryptos Analysis and Where is the market heading? Explained in a simple way as usual.
 As per my [LAST POST](https://steemit.com/crypto/@veerall/cryptos-to-hit-new-low-lets-see-explained-in-a-simple-way-as-usual) I gave levels/points, where the lowest consolidation point i mentioned was 430 Billion U$D, if broken , we might see another 100 Billion U$D on the lower side, Giving a support point of 335 Billion U$D, which If Broken, we may see markets testing the previous low of 285 B U$D. Currently the markets are consolidating near 300 B U$D. ### So what can happen? If the markets retest lows and there is a major panic, here is an analysis on the current Top 5 Market Cap. Cryptos: ##### The List:   The previous low of Bitcoin was 6172$. If this level is tested and broken, we may see a sub 5000$ level like 4900-4800$ during the panic, creating a great opportunity for buying. [HERE](https://steemit.com/crypto/@veerall/bitcoin-to-hit-5000-uusdd) is the post which i made morethan 2 months ago, that bitcoin may hit 5000$, when it was trading at 12000$.  Ethereum seems to have already been testing the previous lows of 600$. According to the charts, and if the panic occurs, we may see sub 500$ levels of 490-470$, creating a really good opportunity to buy.  Ripple seems to be just like ethereum, testing its previous lows of 0.60 cents, however during the panic, it might correct much more then ethereum and bitcoin, and may see the levels of 0.45-0.40 cents, which is 25-30% down side from current levels.  Bitcoin Cash Chart seems to be pretty much like bitcoin, yet to test the previous low of 797$. If the markets test previous lows, i feel that bitcoin and bitcoin cash will hit their previous lows. This may create a major panic, driving most of these currencies to more downside. As for Bitcoin Cash, if the panic occurs below the bottom, we may see a level of 654$. But this is HIGHLY UNLIKELY. Why? I would not risk this for bitcoin cash, as its a much more stable and superior currency then bitcoin. For once I would not follow the technicals for this particular currency. Personally I do not think it will hit that low. if it hits previous low, id be a buyer, as its not necessary that it will hit the level shown in the chart. I feel the fundamentals are way stronger then the technicals for this particular currency.  Lite Coin seems to already be at a really good level of 160$ to buy. However i would wait for the markets to test bottom or create a panic. Maybe the max it can go to is 111$ level, which was the previous low. Personally i would not wait fo it, a good buying price would be 140-150$, if it reaches that level. But, for someone who is not holding any Litecoin, this is the best time to start buying slowly. Fundamentally also this currency is good to buy, especially when the markets are near the lows. > I am no God. These are just my predictions, and not advise. However i follow my own research and analysis. If you like my post, do not forget to comment, upvote and resteem.. :) My Followers Are My Family..;) Happy Steeming..! # Follow me: [veerall](https://steemit.com/@veerall) _______________________________________________________________________________________________________________________ MY POSTS ARE CONTROVERCIAL, FACTS, HOBBY AND CRYPTOS Some of my best posts * [What If I Told You #4 There was (is) an Empire and a Man far more Evil then Adolf Hitler or Stalin](https://steemit.com/history/@veerall/what-if-i-told-you-4-there-was-is-an-empire-and-a-man-far-more-evil-then-adolf-hitler-or-stalin) * [German white man claims that whites are not earthlings - PEACE](https://steemit.com/conspiracy/@veerall/a-german-white-man-claims-that-whites-are-not-earthlings-peace) * [Celebrity Cloning](https://steemit.com/hollywood/@veerall/what-if-i-told-you-3-celebrity-cloning-is-not-a-conspiracy) * [Make steemit fair again](https://steemit.com/steemit/@veerall/how-can-steemit-be-fair-to-everyone-including-minnows) * [Facebook Rewards for content?](https://steemit.com/steemit/@veerall/what-if-facebook-starts-paying-for-likes-shares-and-advertisements) * [Donot blame china or korea for crypto crash, fake youtubers](https://steemit.com/crypto/@veerall/dont-blame-china-or-korea-or-xyz-for-the-fall-in-crypto-youtubers) * [Crypto crash coming in 2018 start](https://steemit.com/crypto/@veerall/crypto-crash-and-future-2018-2019-using-some-common-sense-and-in-a-simple-way) * [Hollywood knows the future, they donot predict](https://steemit.com/life/@veerall/what-if-i-told-you-1-hollywood-doest-predict-but-knows-our-future) * [History of money](https://steemit.com/money/@veerall/the-history-of-money-from-food-to-crypto-and-the-greed) * [Mad max situation when dollar collapses](https://steemit.com/cryptocurrency/@veerall/mad-max-situation-what-about-the-cryptocurrency-valuations-when-the-dollar-collapses-global-meltdown-metals) * [Secret to Bliss without Pills](https://steemit.com/life/@veerall/how-to-never-get-depressed-or-feel-lonely-or-sucidal-the-secret-to-bliss-without-pills) * [The only non violent religion/way of life JAINISM](https://steemit.com/religious/@veerall/jainism-a-religion-based-on-science-commonsense-and-nonviolence-part-i)