Bitcoin / US Dollar
Over the weekend, the bears consistently dominated the market, pushing the Bitcoin market farther from its 50-day moving average of $42,178 per coin, keeping it in a downtrend.
The 16th of April started with the bears flipping an initial bullish start to gain market dominance and influence a 0.41% drop in the Bitcoin price, translating to $40,387 per coin. Following the previous momentum, the 17th of April saw sustained bearish action, resulting in a further 1.74% drop in the Bitcoin price, translating to $39,683 per coin.
At the start of the 18th of April, we see continued bearish action, resulting in a 1.58% decrease in the Bitcoin price, translating to $39,056 per coin, with the highest and lowest trading prices seen standing at $39,900 and $38,550, respectively.
Indicators
The Bitcoin RSI continues its fall into bearish territory as its value remains below 50, and the bears sustain their price action.
The RSI on the 16th, 17th, and 18th of April stands at 41, 38, and 36. The histogram and MACD show increasing bearish entry into the market as it is placed below the zero line, meaning the bears hold the market.
Buy and sell BTC on Remitano
Ethereum / US Dollar
On the 16th of April, the bulls started a momentum after flipping an initial bearish start to the market indicated by the wick below the candle. With the above, the bulls influenced a 0.66% rise in the ETH price, bringing the price of each coin to $3,060. On the 17th of April, bearish action caused a 2.35% drop in the ETH price, translating to $2,988 per coin, bringing the ETH market below its 50-day moving average of $2,993 per coin.
At the start of the 18th of April, the bears are seen continuing previous momentum, resulting in a 1.77% drop in the ETH price, translating to $2,935 per coin.
Indicators
With the sustained bearish action dominating bullish over the last few days, the Ethereum market remains bearish, with its RSI below the 50 mark.
On the 16th, 17th, and 18th of April, the RSI shows increasing bearish influence in the market, corresponding to 46, 43, and 41 on the respective days.
The histogram and MACD show increasing bearish activity as they remain below the zero line, indicating bearish dominance of the market momentum.
Buy and sell ETH on Remitano
Ripple / US Dollar
On the 16th of April, the bears flipped an initial bullish market as indicated by the wick above the candle, resulting in a 0.51%, bringing the assets price to $0.780 per coin. On the 17th of April, the bearish action resulted in a 3.61% drop in the XRP price, translating to $0.752 per coin.
At the start of the 18th of April, the continued bearish momentum resulted in a 0.64% drop in the Ripple market, bringing the price of each asset to $0.747 per coin. With the market still in its early hours, more volatility is expected in the day.
Indicators
With the bearish action on the 16th, 17th, and 18th of April, we see a fall in the relative strength index to 50, 45, and 44, respectively, reflecting increasing bearish activity in the market and placing the bears in control of the immediate market momentum. The histogram and the MACD remain in a bearish territory (below the zero line), portraying a negative outlook for the asset.
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Litecoin / US Dollar
The bulls gained a hold on the market on the 16th of April, resulting in a 3.01% gain, bringing the LTC price to $114 per coin.
On the 17th of April, the bearish action saw the Litecoin market fall by 4.86%, translating to $108 per coin. On the 18th of April, the LTC market sees continued bearish activity, placing the market 1.59% lower, translating to $107 per coin, with the highest and lowest price points at $110 and $105, respectively.
Indicators
The relative strength index chart shows that the LTC market remains in bearish control as the value stands below the 50 mark.
On the 16th, the bullish action resulted in the RSI rising to 49, while on the 17th and 18th of April, the bearish action resulted in a fall of the RSI to 44 and 42, respectively.
The histogram and MACD portray a market in a bearish grasp as they stand below the zero line, creating a negative outlook for the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 16th of April, the bulls initiated a momentum that saw the Bitcoin Cash market rise by 0.57%, bringing the asset's price to $342 per coin. On the 17th of April, the bears respond to the previous bullish action, resulting in a 4.29% drop in the market, placing the Bitcoin Cash price at $328 per coin and below the 50-day moving average of $329 per coin.
At the start of the 18th of April, we see bearish action, resulting in a 2.92% drop in the Bitcoin Cash price to $318 per coin.
Indicators
The bullish action on the 16th of April resulted in a rise of the relative strength index to 51, and the bearish activity on the 16th and 17th of April resulted in the fall of the RSI to 46 and 43, respectively.
The histogram and MACD portray a market in a bearish grasp as they stand below the zero line, creating a negative outlook for the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
On the 16th of April, the bears responded to the previous bullish momentum, resulting in a 0.41% drop in the market, bringing the ADA price to $0.951 per coin. On the 17th of April, significant bearish action saw the ADA price drop by 3.85%, bringing its price to $0.914 per coin.
At the start of the 18th of April, the bears continued their momentum from the previous day, resulting in a 1.54% drop, translating to $0.900 per coin. With the market still far from its close, the above value is likely to change. Nevertheless, as of the writing of this piece, the highest and lowest ADA prices stand at $0.926 and $0.874, respectively.
Indicators
On the 16th, 17th, and 18th of April, significant price action sees the relative strength index fluctuate, corresponding to 42, 39, and 38, depicting growing bearish activity in the market. The histogram and MACD remain below the zero line, indicating bearish dominance of the market momentum.
Swap to ADA
Dogecoin / US Dollar
On the 16th of April, the bears initiated a momentum, resulting in a 1.58% decrease in the Dogecoin price, translating to $0.143 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.148 and $0.141, respectively.
On the 17th of April, the bears continued their momentum, resulting in the Dogecoin market falling by 2.99%, translating to $0.139 per coin.
At the start of the 18th of April, we see significant bearish action, resulting in a 1.79% drop in the Dogecoin price, bringing its price to $0.136 per coin, with the highest and lowest trading prices standing at $0.140 and $0.133, respectively.
Indicators
On the 16th, 17th, and 18th of April, the RSI stands at 52, 49, and 47, depicting a market in bearish control of the market.
The MACD stands well above the zero line, indicating bullish dominance despite the indicator heading towards the zero line, reflecting growing bearish activity. However, the histogram deflects below the zero line, indicating bearish control of the market momentum on the 11th.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.85
- Bitcoin / Ripple = 0.81
- Bitcoin / Litecoin = 0.86
- Bitcoin / Bitcoin cash = 0.82
- Bitcoin / Cardano = 0.90
- Bitcoin / Dogecoin = 0.81
Keynotes for today
- Bitcoin at $39,056 per coin.
- Ethereum at $2,935 per coin.
- Ripple at $0.747 per coin.
- Litecoin at $107 per coin.
- Bitcoin Cash at $318 per coin.
- Cardano at $0.900 per coin.
- Dogecoin at $0.136 per coin.
