Bitcoin / US Dollar
From the above chart, the bears have reestablished their momentum in bringing Bitcoin below its 50-day moving average of $40,353. With the market still above the moving average, the bears are yet to flip the market into a downtrend.
On the 3rd of March, the bears continued their momentum from the previous day after flipping an initial bullish action indicated by the wick above the candle, which denotes the highest Bitcoin trading price for the day at $44,096 per coin. With the successful bearish dominance of the market, the bears influenced a 3.30% decrease in the Bitcoin price, bringing the price of each coin to $42,464. The chart also illustrates the bullish rejection of further bearish action, indicated by the wick below the candle, placing the lowest Bitcoin trading price for the day at $41,811 per coin.
At the start of the 4th 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 $42,524 per coin. With the bearish dominance at the day’s start, the Bitcoin market is down by 2.17%, bringing the Bitcoin price to $41,544 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest Bitcoin price so far at $40,857 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
With the dominance of bearish action over the market, we see the relative strength index continue its descent towards the 50 mark, indicating the increasing activity of the bears in the market.
On the 3rd of March, the bearish action resulted in a drop of the RSI to 54.66. With the bearish start to the 4th of March, we see a drop in the relative strength index to 51.79.
The histogram remains above the zero line, showing reducing bullish influence in the market. This is correlated by the MACD, which though above the zero line, shows a deflection to the downside, depicting bearish entry into the market.
Buy and sell BTC on Remitano
Ethereum / US Dollar
The ETH market has fallen below its 50-day moving average of $2,840 per coin following days of consecutive bearish action, bringing the market into a downtrend as at the writing of this piece and maintaining the bears as the dominant force in the market.
On the 3rd of March, the bears continued their momentum after flipping an initial bullish start to the market indicated by the wick above the candle, which denotes the highest trading price of Ethereum for the day at $2,835 per coin. With the successful bearish dominance of the market, the bears influenced a 3.90% decrease in the ETH price, bringing the price of each coin to $2,833. The chart also illustrates the bullish rejection of further bearish action, indicated by the wick below the candle, placing the lowest trading price of ETH for the day at $2,785 per coin.
At the start of the 4th of March, the bears continue their market momentum, resulting in the ETH market falling by 3.34%, the ETH price stands at $2,738 per coin, while the highest and lowest trading prices seen so far stand at $2,835 and $2,689, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
With the bearish action over the last two days, the relative strength index of the market has fallen below the 50 mark, indicating growing bearish activity in the market.
On the 3rd of March, the bearish action resulted in a fall of the RSI to 49.61, and with the continued bearish action on the 4th of March, we see a fall in the relative strength index to 46.22.
The histogram remains above the zero line, indicating bullish market dominance; however, we see a consecutive reduction in this dominance due to the bearish action seen over the last few days. This is correlated by the MACD, which continues its descent below the zero line, indicating growing bearish activity and momentum in the market.
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Ripple / US Dollar
The consecutive bearish action seen across previous days has resulted in the bears gaining momentum in bringing the Ripple market below its 50-day moving average of $0.724. With the market still above its 50-day moving average, the bulls maintain their dominance over the market.
On the 3rd of March, the bears continued their momentum amid substantial bullish opposition, resulting in a 2.26% drop, bringing the Ripple price to $0.751per coin, while the wick above and below the candle denotes the highest and lowest trading prices seen in the market at $0.789 and $0.733, respectively.
At the start of the 4th 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 $0.754 per coin. With the bearish dominance at the day’s start, the Ripple market is down by 1.68%, bringing the Ripple price to $0.738 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest Bitcoin price so far at $0.723 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
With the dominance of bearish action over the market, we see the relative strength index below the 50 mark, indicating the dominance of the bears in the market.
On the 3rd of March, the bearish action resulted in a fall of the RSI to 49.75. With the bearish start to the 4th of March, we see a drop in the relative strength index to 48.21.
The histogram remains below the zero line indicating an increasing bearish control of the market. The MACD remains above the zero line but shows increasing bearish action in the market; however, the market maintains a positive outlook with the MACD above the zero line.
Buy and sell XRP on Remitano
Litecoin / US Dollar
On the 3rd of March, the bulls flipped an initial bearish move, indicated by the wick below the candle, which placed the lowest trading price of LTC for the day at $107 per coin. The LTC market increased by 1.21%, bringing the asset price to $111 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 $113 per coin.
At the start of the 4th of March, the bears are seen responding to the previous bullish 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 $112 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Litecoin market is down by 4.32%, bringing the LTC price to $106 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest LTC price so far at $105 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 3rd of March, the bullish action resulted in a rise of the RSI to 46.69, while the bearish action on the 4th of March has resulted in a fall of the RSI to 42.80
The histogram remains above the zero line, a bullish sign; however, we see reducing bullish action. The MACD remains below the zero line, indicating the bearish dominance over the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 3rd 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 $322 per coin. The Bitcoin Cash market fell by 1.56%, bringing the asset price to $315 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 $305 per coin.
At the start of the 4th 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 $315 per coin. With the bearish dominance over the market momentum at this piece's writing, the Bitcoin Cash market is down by 2.88%, bringing the BCH price to $306 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest BCH price so far at $301 per coin.
With the above values over the last two days, it is evident that the bears have gained control of the Bitcoin Cash market with its value below its 50-day moving average of $320 per coin.
Indicators
The Bitcoin Cash relative strength index has fallen below the 50 mark, showing the dominance of selling against buying in the market.
On the 3rd of March, the bearish action resulted in a fall of the RSI to 48.98, while the continued action on the 4th of March has resulted in a fall of the RSI to 46.03.
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.
Buy and sell BCH on Remitano
Cardano / US Dollar
The ADA market remains under bearish action, pushing it farther below its 50-day moving average of $1.076, maintaining the asset in a downtrend.
On the 3rd of March, the bears continued their momentum from the previous day after flipping an initial bullish action indicated by the wick above the candle, which denotes the highest trading price of ADA for the day at $0.946 per coin. With the bearish dominance of the market, the bears influenced a 3.97% decrease in the ADA price, bringing the price of each coin to $0.902. The chart also illustrates the bullish rejection of further bullish action, indicated by the wick below the candle, placing the lowest trading price of ADA for the day at $0.883 per coin.
At the start of the 4th 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 $0.902 per coin. With the bearish dominance at the day’s start, the ADA market is down by 2.29%, bringing the ADA price to $0.881 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest ADA price so far at $0.862 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 3rd of March, the bearish action resulted in a fall of the RSI to 41.34. With the bearish start to the 4th of March, we see a drop in the relative strength index to 39.67.
The histogram remains above the zero line, indicating a bullish presence in the market but of reduced intensity. The MACD remains 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 $0.144 per coin, depicting bearish market control.
On the 3rd of March, the bears initiated a move, resulting in a 2.63% drop in the Dogecoin price, translating to $0.129 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.133 and $0.127, respectively.
At the start of the 4th of March, the bears are seen continuing their 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 $0.130 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Dogecoin market is down by 1.93%, bringing the Doge price to $0.127 per coin. The wick below the candle denotes bullish resistance to further downward action, placing the lowest Dogecoin price so far at $0.124 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 3rd and 4th of March stand at 42.66 and 40.81, 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 = 0.87
- Bitcoin / Ripple = 0.84
- Bitcoin / Litecoin = 0.78
- Bitcoin / Bitcoin cash = 0.85
- Bitcoin / Cardano = 0.84
- Bitcoin / Dogecoin = 0.82 ## Keynotes for today
- Bitcoin at $41,544 per coin.
- Ethereum at $2,738 per coin.
- Ripple at $0.738 per coin.
- Litecoin at $106 per coin.
- Bitcoin Cash at $306 per coin.
- Cardano at $0.881 per coin.
- Dogecoin at $0.127 per coin.