At the start of the 16th of March, the bulls initiated a massive move to break the market out of its current downtrend; however, we see a significant bearish rejection of the bullish momentum as indicated by the wick above the candle, denoting the highest trading price of Bitcoin for the day at $41,717 per coin, with the bullish dominance of the market, the Bitcoin market is up by 0.68%, bringing the price of each asset to $39,546 per coin. With the early start to the day after flipping an initial bearish move, indicated by the wick below the candle, the lowest trading price of Bitcoin currently stands at $38,850 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.
Indicators
On the 15th of March, the bearish action resulted in a fall of the RSI to 48.26. With the bullish start on the 16th of March, we see a rise in the relative strength index to 49.04.
The histogram shows reducing bearish action thought below the zero line. In correlation to other indicators, we see the MACD maintaining a level below the zero line, indicating the market's bearish dominance.
Buy and sell BTC on Remitano
Ethereum / US Dollar
The above chart shows that the ETH has experienced a steady growth towards its 50-day moving average of $2,763 per coin, with steady bullish momentum sustained over the last two days.
On the 15th of March, the bulls continued their previous momentum after flipping an initial bearish start to the market indicated by the wick below the candle, which denotes the lowest trading Ethereum price for the day at $2,508 per coin. With the successful bullish dominance of the market, the bulls influenced a 1.12% rise in the ETH price, bringing the price of each coin to $2,619. 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 $2,670 per coin.
At the start of the 16th of March, the bulls have continued their market momentum, resulting in a 0.90% increase in the ETH price, translating to $2,642 per coin, while the highest and lowest trading prices have seen so far stand at $2,734 and $2,604, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
With the bullish action over the last two days, the relative strength index of the market gains ground towards the 50 mark, indicating growing bullish activity in the market.
On the 15th of March, the bullish action resulted in a rise of the RSI to 46.67, and with the continued bullish action on the 16th of March, we see a consecutive rise in the relative strength index to 47.81.
The MACD remains below the zero line, indicating a bearish hold on the market. However, we see the histogram above the zero line due to the consecutive bullish action over the last two days. The MACD journeys toward the zero line, indicating increasing bullish entry into the market.
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Ripple / US Dollar
The Ripple market has seen significant bearish action over the last two days, bringing the market closer to its 50-day moving average of $0.737, below which places them in control of the market.
On the 15th of March, the bears gained dominance of the market, resulting in a 1.17% price drop, bringing the Ripple price to $0.765 per coin, while the wick above and below the candle denotes the highest and lowest trading prices seen in the market at $0.776 and $0.741, respectively.
At the start of the 16th of March, the bears continue their previous momentum after flipping a massive bullish start to the day, indicated by the wick above the candle, which also denotes the highest trading price of Ripple so far at $0.788 per coin. With the bearish start to the day, we see a 0.33% drop in the Ripple market, bringing the price of each asset to $0.763 per coin. With the market still in its early hours, more volatility is expected in the day. Nevertheless, as of the writing of this piece, the lowest trading price point seen in the market stands at $0.757.
Indicators
With the dominance of bearish action over the market, we see the relative strength index crashing towards the 50 mark, indicating a growing bearish presence in the market.
On the 15th of March, the bearish action resulted in a drop of the RSI to 51.47. With the sustained bearish action at the start of the 16th of March, we see a fall in the relative strength index to 51.11.
Despite the sustained bearish action over the last two days, the MACD and histogram remain above the zero line, reflecting a market still within bullish control.
Buy and sell XRP on Remitano
Litecoin / US Dollar
On the 15th of March, the bulls continued their previous momentum after flipping an initial bearish move, indicated by the wick below the candle, denoting the lowest trading price of LTC for the day at $102 per coin. With the bullish dominance of the day, the LTC market is up by 1.29%, bringing the asset price to $106 per coin. The wick above the candle indicates a bearish attempt at minimizing the day's gains, placing the highest LTC trading price for the day at $108 per coin.
At the start of the 16th of March, the bulls are seen attempting to reignite their previous momentum amidst a strong bearish opposition indicated by the wick above the candle, which also denotes the highest trading price of Litecoin for the day at $111 per coin. With the bulls being slightly ahead, the Litecoin market is up by a minute 0.06%, translating to $107 per coin. The wick below the candle denotes an initial bearish start to the market and the lowest trading price of Litecoin seen so far at $105 per coin.
Indicators
Though below the 50 mark, the LTC relative strength index indicates the bulls are building momentum to get above this mark.
On the 15th of March, the bullish action resulted in a rise of the RSI to 48.48, while the significantly contested bullish start on the 16th of March has resulted in a rise of the RSI to 48.54
The MACD shows a deflection to the upside, which indicates increasing bullish activity in the market; however, with the MACD still below the zero line, the bear maintains control of the market. The histogram stands above the zero line, indicating increasing bullish action in the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 15th of March, the bears gained control of a significantly opposed market. With the strong bullish opposition, the losses seen on the was significantly reduced, standing at a break-even percentage of 0.00%, placing the price of Bitcoin Cash at $289 per coin. The highest and lowest Bitcoin Cash trading price for the day stood at $292 and $281, respectively.
At the start of the 16th of March, the bulls are seen attempting to begin momentum. Still, they face significant bearish opposition, indicated by the large wick above the candle, which denotes the highest Bitcoin Cash price seen so far at $302 per coin. With the struggle for market dominance still well on the way, the Bitcoin Cash bulls have influenced a minute 0.01% growth in the asset’s price, bringing its cost to $289 per coin. The wick below the candle denotes bullish resistance to an initial bearish action at the start of the day, placing the lowest BCH price so far at $287 per coin.
The Bitcoin Cash market is yet to see significant price action. With the contested price actions over the last two days, the market remains below its 50-day moving average of $305 per coin, indicating a market yet to break out of bearish control.
Indicators
With the Bitcoin Cash market not experiencing significant price action, we see the relative strength index of the market flatten, illustrating sideways action in the market.
With the above statement, the relative strength index on the 15th and 16th of March stands at 45.75 and 45.79, respectively.
The histogram shows growing bullish entry into the market and is placed above the zero line. At the same time, the MACD remains below the zero line indicating a bearish control of the market and a negative outlook for the asset.
Buy and sell BCH on Remitano
Cardano / US Dollar
The ADA market remains under a bearish downtrend, following as indicated by the market trading below its 50-day moving average of $0.968 per coin.
On the 15th of March, the bears initiated a momentum 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 $0.817 per coin. With the bearish dominance of the market, the bears influenced a 0.45% increase in the ADA price, bringing the price of each coin to $0.799. The chart also illustrates the bull's rejection of further bearish action, indicated by the wick below the candle, placing the lowest trading price of ADA for the day at $0.782 per coin.
At the start of the 16th of March, the bulls are attempting to initiate a response, resulting in a 0.34% rise in the ADA price, translating to $0.801 per coin with the highest and lowest price points seen so far standing at $0.833 and $0.794 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, showing bearish control of the market momentum.
On the 15th and 16th of March, we see the relative strength index stand at 38.57 and 39.06, indicating a slight increase, reflecting a slight bullish entry into the market.
The histogram shows growing bullish activity in the market as it stands above the zero line, and the MACD though below the zero line, illustrates increasing bullish entry into the market as it makes a deflection towards the zero line. However, the market retains a bearish outlook with the MACD below the zero line.
Swap to ADA
Dogecoin / US Dollar
The Dogecoin market remains below its 50-day moving average of $0.134 per coin, depicting a market under bearish control.
On the 15th of March, the bears initiated a move, resulting in a 1.14% drop in the Dogecoin price, translating to $0.112 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.114 and $0.110, respectively.
At the start of the 16th of March, the bulls are seen initiating a response to previous bearish action momentum. With the move, the Dogecoin market is up by 0.71%, translating to $113 per coin. With the market still far from its close, we will see more volatility in the day. Nevertheless, as of the writing of this piece, the highest and lowest trading prices of Dogecoin stand at $0.116 and $0.112, respectively.
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 15th and 16th of March stand at 35.45 and 36.51, 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.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.93
- Bitcoin / Ripple = 0.90
- Bitcoin / Litecoin = 0.90
- Bitcoin / Bitcoin cash = 0.90
- Bitcoin / Cardano = 0.88
- Bitcoin / Dogecoin = 0.86
Keynotes for today
- Bitcoin at $39,564 per coin.
- Ethereum at $2,642 per coin.
- Ripple at $0.763 per coin.
- Litecoin at $107 per coin.
- Bitcoin Cash at $289 per coin.
- Cardano at $0.801 per coin.
- Dogecoin at $0.113 per coin.
