The opinions expressed herein are solely those of the authors / contributors and may not reflect the views expressed from Cointelegraph. com. Every movement of investment and negotiation involves risks, you must do your own research when making a decision.

Cryptocurrency market data is provided by the exchange of HitBTC ]

The stock markets are selling

The global stock markets were hammered last week with concerns over the stock market. Interest rate increases have intensified with rising bond yields. Each of the seven indexes followed below was down for the week (January 29 to February 4)

In the United States, the S & P 500 index fell 3.9% to close the week at 2 762. It is the biggest drop of a week in two years. Nevertheless, given its good start to the year, the S & P remains up 3.3% since the beginning of the year. The index has just finished a 5.6% rise in January, its highest level since the beginning of the year since 1997.

The German market was hardest hit with the DAX down 4.2% to close the week at 12.785. in almost two years. The bearish sentiment was partly motivated by higher yields on German bunds, which reached two-year highs, while Deutsche Bank losses were higher than expected by the market

. % to finish at 23.632. The Bank of Japan intervened in the market to stop the rise in bond yields. Japan was followed by Hong Kong's Hang Seng Index, which fell 1.7% to end at 32,602. Hang Seng remains top performer to date at 9.0% gain .

<img alt=" Stok Market "src =" https://cointelegraph.com/storage/uploads/view/233abae42dc301ed212cc35f6a3c1783.png "title =" Stok Market "/>

BSE 30 Sensex : bearish signal clear

Last week's bearish behavior indicates a further decline in the BSE 30 Sensex.The Fibonacci extension to 161.8% of the first rise in the February 2016 low ( A to B.) A downward bearish trend has occurred on the weekly chart while the opening of last week was higher than the close of the previous week.The highest of last week's 36,443, 98 was 36.668.19 higher than the previous week's high, before the selling pressure took the upper hand to lower the index to a level lower than the previous week, closing the week at 35.006.41.

The first potential support zone is at Summit turn of a six-week consolidation range around 33,865, followed by a previous zone of lower support and resistance of about 32,686 to 32,565.

<img alt=" NVY0 "src =" https://cointelegraph.com/store/ uploads / view / b0a083363c36f00ffee304ddc87c7553.png "title =" NVY0 "/>

Hang Seng Index: It's time to rest

The Hang Seng index has recently experienced a nice 19% rise from December's low in eight weeks, compared with the record high of 33,484.1 last week. Last week, the index was down for the first time in the eight-week period, dropping 1.7% to close at 2,601.8, and indicating a likely change in the trend of the bullish weeks consecutive.

<img alt=" HSI "src =" https://cointelegraph.com/storage/uploads/view/cf1e59d779daf1b4017cc178302c1e3f.png "title =" HSI "/>

In the big picture, the Hang Seng is going strong, having erupted above the peak of 31,958.4 reached three weeks ago in 2007. At the same time, it has surpassed the peak of a several month uptrend channel, which is a sign of vigor, but in the short term, it seems that First of all, is it the change in the trend of consecutive positive weeks of performance, then there is the relative strength index (ISR) of 14 weeks – the previous record in 2007, peaking at 82.75 two weeks ago.In addition, just next to the recent peak is the confluence of two cryptographic ratios, derived from earlier oscillations

Cryptocurrencies: Down across the board

Cryptocurrencies had a difficult week, as most since the beginning of the year. Out of 211 crypto-currencies, only four were positive for the week, while the eight cryptos tracked below went from just over 10% to over 26%

.

Concerns over stricter regulation.

India announces much stricter restrictions.

Major banks like Citigroup, JPMorgan and Bank of America prohibit the purchase of cryptocurrencies with

Facebook ban cryptocurrency and announcements ICO

Prime for Bitcoin in South Korea

Japanese authorities carry out an on-site inspection at Coincheck following a theft of

Nevertheless, a number of coins had hammer candles Classic bulls formed on Friday, Feb. 2, with extra strength seen on Saturday Feb. 3, while the price was higher than Friday. ups. The hammer is a one – day reversal model that is most reliable following a sharp and prolonged decline, as we have seen recently with most cryptos

As mentioned last week in this column, Ethereum force two weeks ago against the other cryptocurrencies in the table. This relative strength was postponed to last week while the decline in ETH was almost half of the others. It decreased the least, down 11.8%. Bitcoin was then the worst, down 20.3%, followed closely by IOTA with a drop of 23.5%, then by Dash, which lost 23.9%

<img alt=" Performance "src =" https: // cointelegraph .com / storage / uploads / view / d3671ef8262c588bb10aa1cab98b894d.png "title =" Performance "/>

Dash: bullish reversal signal to the support zone

Although Dash (DASH / USD) broke briefly below The long-term bullish trend of last week has quickly recovered to form a bull-trend model upwards Bullish confirmation was announced on Saturday as the cryptocurrency moved over the top of the hammer, a year according to the 14-day RSI

<img alt=" DASH "src =" https: // cointelegraph. com / storage / uploads / view / 172b1cea7482581b48c5dd19eb8e1245.png "title =" DASH "/>

Bitcoin Cash: Inverting Candle n

Bitcoin Cash (BCH / USD) also had a bullish candle shape on F on Friday and a break-up on Saturday. Support has been seen around previous levels of support and resistance with a minimum of about $ 940.9. Chances now favor a higher continuation. However, that does not mean that BCH is going straight to the point. Short-term weakness should be monitored for potential inflows at lower prices as it develops its bottom, if the cryptocurrency is to do so. A decisive move above the internal downtrend line increases the chances of higher prices. Nevertheless, we must be cautious, given the recent volatility and because a break above a trend line is not reliable in itself without further confirmation.

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/d4c92ef62788977be754a0bb20c61cb4.png "title =" BCH "/>

] Market data are provided by exchange HitBTC Charts for analysis are provided by TradingView.