First of all let's look at the Crypto market cap.

Over the week, we briefly broke the $400b level and tested the $410b level multiple times before dropping back down.

Looking at a broader view...

We can see we are smothering current support levels and we could possibly see this support fail down to the next level around $280b to $300b.

Also, I think we need to see lower prices still before big money is invested and starts the bull run.

Bitcoin

BTC vs USD

We're in a current steady downtrend after a rough H&S formation tested previous levels.

How far are we likely to fall before the bull run?

We can see on the bigger picture we are headed back towards the major support zone where previous lows are. ($6000-$6500 area)

We may even see a spike down below $6000 which will allow the big game money to get in at the best prices.

So, what about the other major Altcoins?

NEO

NEO vs BTC

NEO has been on a steady decline against bitcoin all month as the market has dipped.

If the market cap continues to fall, expect NEO to drop to previous lows or possibly further.

NEO is one of my big hold goals so I'm excited to see prices decline. It means I can hoover up before the bull run!

I think NEO being as low as $45 is an easy target, possibly down to $40 or even in the 30's region!

Cardano

ADA vs BTC

ADA shows a similar picture to NEO, it's been on a steady decline all month. Having just dipped below support, I'm expecting prices to fall to the next level of support around 2700 sats.

OmiseGo

OMG vs BTC

Again, we see another steady decline against BTC as the market dips. Could possibly find support around the 0.001410 level

Stellar Lumens

XLM vs BTC

XLM also shows a declining price against BTC during the dip, however it has been featured in the news recently; something about banks considering using the IBM blockchain, which has given it some boost midweek.

The declining trend is putting pressure on the support level, and if the news is relatively quiet whilst the market dips, this could fall to the next support.

Ontology

ONT vs BTC

ONT has been one of those runaway coins which has just not stopped climbing... until recently. Currently it is holding up well against the dip and has only declined from recent highs a small amount compared to others. But, much like XLM, with the current support under pressure, we could see profits being taken from here and the price falling down sharply to the next support level.

Tronix

TRX vs BTC

Another one that is holding up strong during the dip. TRX is due it's mainnet launch at the end of the month so everyone is expecting a spike in price. This is preventing TRX being one of the coins being sold off and it does have a short term up trend pressure against current resistance levels. Hopefully we will see this spike through. Once it does, I'm selling out of TRX and will be putting it into VeChain (See below)

Zilliqa

ZIL vs BTC

ZIL has been another strong coin recently. It has dropped off over the last few days but has also had some good gains again. With the strong upwards momentum, even if there is further selling in the short term, once the bull run comes this could be one of the big movers with large gains.

VeChain

VEN vs BTC

Although VEN has recently had a sell off over the last few days, it is still in a strong uptrend. Again, with this upwards momentum and the rebrand/mainnet launch at end of June, this is another which could make massive gains when the bull run comes. One the TRX move is done, I'll be pulling funds (hopefully profitable!) and placing into here.

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Hope that this analysis helps some of you out and I'd love to know your thoughts too.

Want me to analyse other charts next week too? Let me know which ones in the comments below...