At the start of the 18th of February, the bulls flip yet another bearish start to the day, indicated by the wick below the candle, which also denotes the lowest trading price of Bitcoin for the day at $37,555 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Bitcoin market is up by 1.90%, bringing the Bitcoin price to $38,979 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest Bitcoin price so far at $39,139per coin. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
With the bullish action seen over the last two days, the relative strength index of the market has ceased its descent and deflected to the upside, indicating growing bullish entry into the market.
On the 22nd of February, the bullish action resulted in a rise of the RSI to 40.56. With the sustained bullish start to the 23rd of February, we see a consecutive rise in the relative strength index to 43.61. Despite these positive moves in the market over the last two days, the relative strength index value remains below the 50 mark, indicating overall bearish dominance of the market momentum.
The histogram remains below the zero line ( in bearish territory); however, we see reduced bearish activity on the 22nd and 23rd of February, reflecting bullish entry into the market. In correlation to the histogram, we see the MACD flatten, reflecting the bulls succeeded in halting the descent of the asset. However, with the values still below the zero line, the bears remain the overall dominant force in the market.
Buy and sell BTC on Remitano
Ethereum / US Dollar
As with the Bitcoin market, the ETH market also remains below its 50-day moving average of $2,926 per coin despite experiencing consecutive bullish action over the last two days. With the above statement, the Ethereum market is yet to break out of its downtrend, keeping bears as the dominant force in the market.
On the 22nd of February, the bulls initiated a move in response to previous consecutive days of bearish momentum. The move resulted from a bullish rejection of an initial bearish momentum at the start of the day, indicated by the wick below the candle, which denotes the lowest trading price of Ethereum for the day at $2,500 per coin. With the successful bullish dominance of the market, the bulls influenced a 2.69% increase in the ETH price, bringing the price of each coin to $2,637. The chart also illustrates the bearish rejection of further bullish action, indicated by the wick above the candle, placing the highest trading price of ETH for the day at $2,667 per coin.
At the start of the 23rd of February, the bulls flip another bearish start to the day, indicated by the wick below the candle, which also denotes the lowest trading price of Ethereum for the day at $2,559 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Ethereum market is up by 4.27%, bringing the ETH price to $2,750 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest ETH price so far at $2,756 per coin. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
With the bullish action seen over the last two days, the relative strength index of the market has ceased its descent and deflected to the upside, indicating growing bullish entry into the market.
On the 22nd of February, the bullish action resulted in a rise of the RSI to 40.32. With the sustained bullish start to the 23rd of February, we see a consecutive rise in the relative strength index to 45.18. Despite these positive moves in the market over the last two days, the relative strength index value remains below the 50 mark, indicating overall bearish dominance of the market momentum.
The histogram remains below the zero line ( in bearish territory); however, we see reduced bearish activity on the 22nd and 23rd of February, reflecting bullish entry into the market. In correlation to the histogram, we see the MACD flatten, reflecting the bulls succeeded in halting the descent of the asset. However, with the values still below the zero line, the bears remain the overall dominant force in the market.
Buy and sell ETH on Remitano
Ripple / US Dollar
The massive bearish move on the 21st of February resulted in the market falling below its 50-day moving average of $0.727, briefly placing the market in a downtrend and within bearish control.
We see consecutive bullish action with the previous bearish action on the 22nd and 23rd of February. On the 22nd of February, the bulls initiated a move after flipping an initial bearish market start, placing the lowest trading price of XRP for the day at $0.668 per coin. With the bullish momentum, the XRP market increased by 2.64%, bringing the asset price to $0.721 per coin. The wick above the candle illustrates a bearish attempt at minimizing the day's gains, placing the highest XRP trading price for the day at $0.727 per coin.
At the start of the 23rd of February, the bulls continue their previous momentum after flipping another bearish start to the day, indicated by the wick below the candle, which also denotes the lowest trading price of XRP for the day at $0.705 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Ripple market is up by 2.24%, bringing the XRP price to $0.737 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest XRP price so far at $0.744 per coin. With the bullish move seen today, the Ripple bulls have successfully brought the market above its 50-day moving average.
Indicators
The bullish action over the last two days put an end to the downward trajectory of the relative strength index. However, with the value still below the 50 mark, the bulls are yet to gain full control of the market and require sustained momentum to flip the market in their favor.
On the 22nd of February, the bullish action resulted in a rise of the RSI to 46.10. With the sustained bullish start to the 23rd of February, we see a consecutive rise in the relative strength index to 47.96.
The histogram remains below the zero line ( in bearish territory), which is correlated with the MACD, continuing its descent. However, with the MACD still above the zero line, the bulls maintain long-term market momentum dominance, keeping the asset's positive outlook.
Buy and sell XRP on Remitano
Litecoin / US Dollar
As with several other assets, the Litecoin market has experienced consecutive bullish action over the last two days despite remaining below its 50-day moving average of $123 per coin.
With the previous bearish action, we see bullish action on the 22nd of February after the bulls flipped an initial bearish move, placing the lowest trading price of LTC for the day at $100 per coin. With the bullish momentum, the LTC market increased by 4.60%, bringing the asset price to $107.51 per coin. The wick above the candle illustrates a bearish attempt at minimizing the day's gains, placing the highest LTC trading price for the day at $107.92 per coin.
At the start of the 23rd of February, the bulls continue their previous momentum after flipping a bearish start to the day, indicated by the wick below the candle, denoting the lowest trading price of LTC for the day at $105 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Litecoin market is up by 2.73%, bringing the LTC price to $110 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest LTC price so far at $111 per coin.
Indicators
Despite the bullish action over the last two days, the LTC relative strength index remains well below the 50 mark, showing the dominance of selling against buying in the market.
On the 22nd of February, the bullish action resulted in a rise of the RSI to 39.12. With the sustained bullish start to the 23rd of February, we see a consecutive rise in the relative strength index to 41.91.
The histogram remains, and the MACD remains slightly below the zero line, indicating the bearish dominance over the market. However, due to the bullish action over the last two days, we see a reduction in the bearish intensity in the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 22nd of February, after an initial bearish move was flipped by the bulls, placing the lowest trading price of Bitcoin Cash for the day at $275 per coin, the bulls initiated a momentum, resulting in the Bitcoin Cash market rising by 3.64%, bringing the price of the asset to $293 per coin. The wick above the candle illustrates the bearish attempt at minimizing the day's gains, placing the highest Bitcoin Cash trading price for the day at $295 per coin.
At the start of the 23rd of February, the bulls continue their previous momentum after flipping a bearish start to the day, indicated by the wick below the candle, denoting the lowest trading price of Bitcoin Cash for the day at $289 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Bitcoin Cash market is up by 2.92%, bringing the Bitcoin Cash price to $302 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest BCH price so far at $305 per coin.
With the bullish move across the above days, the Bitcoin Cash market edges closer to its 50-day moving average of $332 per coin. However, with the market still below this value, it cannot break out of a downtrend.
Indicators
Due to bullish action on the 22nd of February, the relative strength index of the Bitcoin Cash market increased to 39.53. With the sustained bullish momentum on the 23rd of February, we see a rise in the relative strength index to 43.35.
The histogram remains, and the MACD remains slightly below the zero line, indicating the bearish dominance over the market. However, due to the bullish action over the last two days, we see a reduction in the bearish intensity in the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
As with several other assets, the ADA market experienced consecutive bullish action over the last two days despite remaining below its 50-day moving average of $1.133 per coin, an overall indicator of a market in a downtrend.
With the bearish action over previous days, we see bullish action on the 22nd of February after the bulls flipped an initial bearish move, placing the lowest trading price of ADA for the day at $0.813 per coin. With the bullish momentum, the ADA market increased by 3.60%, bringing the asset price to $0.888 per coin. The wick above the candle illustrates the bearish attempt at minimizing the day's gains, placing the highest ADA trading price for the day at $0.897 per coin.
At the start of the 23rd of February, the bulls continued their previous momentum after flipping a bearish start to the day, indicated by the wick below the candle, denoting the lowest trading price of ADA for the day at $0.876 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Cardano market is up by 5.09%, bringing the ADA price to $0.933 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest ADA price so far at $0.950 per coin.
Indicators
Despite the bullish action over the last two days, the ADA bulls have not mustered significant momentum to bring the relative strength index of the market back above the 50, retaining the bears as the overall dominant force in the market. With the above, we see the relative strength index on the 22nd and 23rd of February stand at 34.07 and 39.11, respectively. In correlation to the RSI, the MACD and histogram portray a market within bearish control as both indicators place below the zero line, creating a negative outlook for the asset.
Swap to ADA
Dogecoin / US Dollar
The Dogecoin market remains below its 50-day moving average of $0.149 per coin, which remains the case despite the bullish action seen over the last two days.
On the 22nd of February, after an initial bearish move was flipped by the bulls, placing the lowest trading price of Dogecoin for the day at $0.1239 per coin. The bullish momentum caused an increase of 2.50% in the Dogecoin market, bringing the asset price to $0.1341 per coin. The wick above the candle illustrates the bearish attempt at minimizing the day's gains, placing the highest Dogecoin trading price for the day at $0.1319 per coin.
At the start of the 23rd of February, the bulls continued their previous momentum after flipping a bearish start to the day, indicated by the wick below the candle, denoting the lowest trading price of ADA for the day at $0.876 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Cardano market is up by 5.09%, bringing the ADA price to $0.933 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest ADA price so far at $0.950 per coin.
Indicators
Despite the bullish action over the last two days, the Dogecoin market remains with the bears dominating the market strength as indicated by the relative strength index of the market being below the 50 mark. With the above, we see the relative strength index on the 22nd and 23rd of February stand at 38.69 and 41.02, respectively. In correlation to the RSI, the MACD and histogram portray a market within bearish control as both indicators place below the zero line, creating a negative outlook for the asset.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.87
- Bitcoin / Ripple = 0.83
- Bitcoin / Litecoin = 0.86
- Bitcoin / Bitcoin cash = 0.85
- Bitcoin / Cardano = 0.74
- Bitcoin / Dogecoin = 0.84
Keynotes for today
- Bitcoin at $40,261 per coin.
- Ethereum at $2,900 per coin.
- Ripple at $0.780 per coin.
- Litecoin at $119 per coin.
- Bitcoin Cash at $316 per coin.
- Cardano at $1.024 per coin.
- Dogecoin at $0.138 per coin.
