At the start of the 2nd of March, the bears have an early start to the day after flipping an initial bullish move, indicated by the wick above the candle, which also denotes the highest trading price of Bitcoin for the seen so far at $44,770 per coin. With the bearish dominance at the day’s start, the Bitcoin market is down by 1.10%, bringing the Bitcoin price to $43,949 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest Bitcoin price so far at $43,682 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
With the dominance of bullish action over the market, we see the relative strength index above the 50 mark, indicating the dominance of the bulls in the market.
On the 1st of March, the bullish action resulted in a rise of the RSI to 61.36. With the bearish start to the 2nd of March, we see a drop in the relative strength index to 59.54.
The histogram has risen above the zero line, indicating a growing bullish presence in the market. This is correlated by the MACD, which has risen above the zero line, depicting a positive outlook for the asset..
Buy and sell BTC on Remitano
Ethereum / US Dollar
The ETH market has risen above its 50-day moving average of $2,862 per coin following days of consecutive and significant bullish action, bringing the market out of a downtrend as at the writing of this piece and maintaining the bulls as the dominant force in the market.
On the 1st of March, the bulls continued their momentum after flipping an initial bearish start to the market indicated by the wick below the candle, which denotes the lowest trading price of Ethereum for the day at $2,855 per coin. With the successful bullish dominance of the market, the bulls influenced a 1.87% increase in the ETH price, bringing the price of each coin to $2,977. 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 $3,040 per coin.
At the start of the 2nd of March, the bulls have a slight lead on the market while facing fierce bearish opposition. With the struggle currently in the market, the ETH market sees diminished gains as of the writing of this piece; with the market growing by 0.01%, the ETH price stands at $2,977 per coin, while the highest and lowest trading prices seen so far standing at $3,045 and $2,914, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
With the price action over the last two days, the relative strength index of the market has risen back above the 50 mark, indicating growing bullish activity in the market.
On the 1st of March, the bullish action resulted in a rise of the RSI to 55.15, and with the continued bullish start to the 2nd of March, we see a rise in the relative strength index to 55.23.
The histogram has risen above the zero line, indicating bullish entry into the market. This is correlated by the MACD, which though below the zero line, has deflected towards this line, indicating growing bullish activity and momentum in the market. However, with the MACD below the zero line, the bears still have a slight grasp on the market.
Buy and sell ETH on Remitano
Ripple / US Dollar
The bullish move on the 28th of February succeeded in bringing the market back above its 50-day of $0.725 per coin, bringing the market into an immediate uptrend and the bulls being the dominant force.
On the 1st of March, the bulls continued their momentum amid substantial bearish opposition, restricting the gains seen on this day to 0.34%, bringing the Ripple price to $0.784 per coin while the wick above and below the candle denotes the highest and lowest trading prices seen in the market at $0.803 and $0.756, respectively.
At the start of the 2nd of March, the bears have an early start to the day after flipping an initial bullish move, indicated by the wick above the candle, which also denotes the highest trading price of Ripple seen so far at $0.784 per coin. With the bearish dominance at the day’s start, the Ripple market is down by 2.61%, bringing the Ripple price to $0.763 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest Bitcoin price so far at $0.760 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
With the dominance of bullish action over the market, we see the relative strength index above the 50 mark, indicating the dominance of the bulls in the market.
On the 1st of March, the bullish action resulted in a rise of the RSI to 53.74. With the bearish start to the 2nd of March, we see a drop in the relative strength index to 51.51.
The histogram remains below the zero line indicating a slight bearish control of the market; however, we see the bears losing their dominance as the MACD remains above the zero line, depicting a positive outlook for the asset.
Buy and sell XRP on Remitano
Litecoin / US Dollar
On the 1st of March, the bears flipped an initial bullish move, indicated by the wick above the candle, which placed the highest trading price of LTC for the day at $116 per coin. The LTC market fell by 1.03%, bringing the asset price to $112 per coin. The wick below the candle illustrates a bullish attempt at minimizing the day's loss, placing the lowest LTC trading price for the day at $109 per coin.
At the start of the 2nd of March, the bears are seen continuing their previous bearish momentum after flipping a bullish start to the day, indicated by the wick above the candle, denoting the highest trading price of LTC for the day at $114 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Litecoin market is down by 0.69%, bringing the LTC price to $111 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest LTC price so far at $110 per coin.
Indicators
The LTC relative strength index remains below the 50 mark, showing the dominance of selling against buying in the market.
On the 1st of March, the bearish action resulted in a fall of the RSI to 47.22, while the continued action on the 2nd of March has resulted in a fall of the RSI to 47.07
The histogram slightly shifts above the zero line, a bullish sign, while the MACD remains below the zero line, indicating the bearish dominance over the market. However, due to the bullish action on the 28th of February, the MACD maintains its course towards the zero line, depicting growing bullish activity in the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 1st of March, the bears flipped an initial bullish move, indicated by the wick above the candle, which placed the highest trading price of Bitcoin Cash for the day at $343 per coin. The Bitcoin Cash market fell by 3.09%, bringing the asset price to $328 per coin. The wick below the candle illustrates a bullish attempt at minimizing the day's loss, placing the lowest BCH trading price for the day at $320 per coin.
At the start of the 2nd of March, the bears are seen continuing their previous bearish momentum after flipping a bullish start to the day, indicated by the wick above the candle, denoting the highest trading price of Bitcoin Cash for the day at $331 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Bitcoin Cash market is down by 0.71%, bringing the BCH price to $326 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest BCH price so far at $322 per coin.
With the above values over the last two days, it is evident that the bears seek to bring the Bitcoin Cash market below its 50-day moving average of $322 per coin; however, we see strong opposition from the bulls as they seek to maintain their control over the market by keeping it above its 50-day moving average.
Indicators
The Bitcoin Cash relative strength index remains above the 50 mark despite consecutive bearish action over the last two days, showing the dominance of buying against selling in the market.
On the 1st of March, the bearish action resulted in a fall of the RSI to 53.56, while the continued action on the 2nd of March has resulted in a fall of the RSI to 52.75.
The histogram remains above the zero line, a bullish sign, while the MACD remains below the zero line, indicating the bearish dominance over the market. However, the MACD maintains its course towards the zero line, depicting growing bullish activity in the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
The ADA market experienced a massive bullish move on the 28th of February from the above chart. However, the momentum was not enough to bring the ADA market out of its downtrend as it maintains a value below its 50-day moving average of $1.09.
On the 1st of March, the bulls attempted to continue their momentum of the previous day after flipping an initial bearish action indicated by the wick below the candle, which denotes the lowest trading price of ADA for the day at $0.940 per coin. With the heavily contested bullish dominance of the market, the bulls influenced a minute 0.03% increase in the ADA price, bringing the price of each coin to $0.964. The chart also illustrates the bearish rejection of further bullish action, indicated by the wick above the candle, placing the highest trading price of ADA for the day at $1.01 per coin.
At the start of the 2nd of March, the bears have an early start to the day after flipping an initial bullish move, indicated by the wick above the candle, which also denotes the highest trading price of ADA seen so far at $0.977 per coin. With the bearish dominance at the day’s start, the ADA market is down by 0.96%, bringing the ADA price to $0.955 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest ADA price so far at $0.942 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
The relative strength index of the ADA market remains below the 50 mark, indicating the dominance of the bears over the market momentum.
On the 1st of March, the bullish action resulted in a rise of the RSI to 46.68. With the bearish start to the 2nd of March, we see a drop in the relative strength index to 45.82.
The histogram has risen above the zero line, indicating a growing bullish presence in the market. This is correlated by the MACD, which continues its journey towards the zero line despite being below the zero line (indicating bearish dominance over an extended period).
Swap to ADA
Dogecoin / US Dollar
The Dogecoin market remains below its 50-day moving average of $0.146 per coin, depicting bearish market control.
On the 1st of March, after an initial bearish move was flipped by the bulls, placing the lowest trading price of Dogecoin for the day at $0.129 per coin. The contested bullish momentum caused a 0.60% increase in the Dogecoin market, bringing the asset price to $0.134 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 $0.139 per coin.
At the start of the 2nd of March, the bears are seen responding to previous bullish momentum after flipping a bullish start to the day, indicated by the wick above the candle, denoting the highest trading price of Dogecoin for the day at $0.135 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Dogecoin market is down by 0.60%, bringing the Doge price to $0.133 per coin. The wick below the candle denotes bullish resistance to further downward action, placing the lowest Dogecoin price so far at $0.132 per coin.
Indicators
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 1st and 2nd of March stand at 46.25 and 45.61, respectively. In correlation to the RSI, the MACD portrays a market within bearish control as it is placed below the zero line, creating a negative outlook for the asset. However, the histogram shows a little bullish entry into the market.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.84
- Bitcoin / Ripple = 0.71
- Bitcoin / Litecoin = 0.66
- Bitcoin / Bitcoin cash = 0.74
- Bitcoin / Cardano = 0.76
- Bitcoin / Dogecoin = 0.29
Keynotes for today
- Bitcoin at $43,949 per coin.
- Ethereum at $2,977 per coin.
- Ripple at $0.763 per coin.
- Litecoin at $111 per coin.
- Bitcoin Cash at $326 per coin.
- Cardano at $0.955 per coin.
- Dogecoin at $0.133 per coin.
