Bitcoin / US Dollar
The weekend saw the bulls act as the dominant force in the market with momentum over the bears.
The 30th of April started with the bears flipping an initial bullish start to gain market dominance and influence a 2.46% drop in the Bitcoin price, translating to $37,644 per coin. The 1st of May saw bullish action, resulting in a 2.20% rise in the Bitcoin price, translating to $38,473 per coin.
At the start of the 2nd of May, we can see continued bullish action, resulting in a 1.16% increase in the Bitcoin price, translating to $38,919 per coin, with the highest and lowest trading prices seen standing at $39,181 and $38,365, respectively.
Indicators
Despite the dominance of the bulls over the weekend, the Bitcoin relative strength index remains below the 50 mark, maintaining the dominance of the bears over the market momentum.
On the 30th of April, the bearish action resulted in the RSI falling to 37.43, while the bullish action on the 1st and 2nd of May placed the RSI at 41 and 43. The histogram and MACD show the Bitcoin market remains in bearish control as they stand below the zero line.
Buy and sell BTC on Remitano
Ethereum / US Dollar
On the 30th of April, the bears continued their market dominance after flipping an initial bearish start to the market, indicated by the wick below the candle. With the above, the bears influenced a 3.21% drop in the ETH price, bringing the price of each coin to $2,726. On the 1st of May, the bullish action caused a 3.60% rise in the ETH price, translating to $2,824 per coin, maintaining the ETH market below its 50-day moving average of $3,060 per coin.
At the start of the 2nd of May, the bulls are seen continuing previous momentum, resulting in a 0.45% rise in the ETH price, translating to $2,837 per coin.
Indicators
On the 30th of April, the bearish action resulted in the RSI falling to 42.35. The bullish activity on the 1st and 2nd of May resulted in the RSI rising to 42 and 43.
The histogram and MACD show a market in bearish dominance; however, the bullish action over the last two days has reduced the bearish influence on the market.
Buy and sell ETH on Remitano
Ripple / US Dollar
On the 30th of April, the bears flipped an initial bullish market as indicated by the wick above the candle, resulting in a 4.32% drop, bringing the assets price to $0.585per coin. On the 1st of May, the bullish action resulted in a 3.93% rise in the XRP price, translating to $0.608 per coin.
At the start of the 2nd of May, the continued bullish momentum resulted in a 1.31% rise in the Ripple market, bringing the price of each asset to $0.616 per coin. With the market still in its early hours, more volatility is expected in the day.
Indicators
With the bearish action on the 30th of April, the RSI fell to 25, while the bullish activity on the 1st and 2nd of May resulted in an RSI of 31 and 33, reflecting reducing bearish activity in the market. Nevertheless, with the RSI below the 50 mark, the bears control 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 bears gained a hold on the market on the 30th of April, resulting in a 4.48% drop, bringing the LTC price to $105 per coin.
On the 1st of May, the bullish action saw the Litecoin market rise by 3.52%, translating to $99 per coin. On the 2nd of May, the LTC market experienced significant bullish activity, placing the market 0.22% higher, translating to $99 per coin, with the highest and lowest price points at $101 and $99, 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 30th of May, the bearish action resulted in the RSI dropping to 35, while on the 1st and 2nd of May, the bullish action resulted in a rise of the RSI to 40.25 and 40.65, 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 30th of April, the bears initiated a momentum that saw the Bitcoin Cash market fall by 5.78%, bringing the asset's price to $277 per coin. On the 1st of May, the bulls initiated a momentum, resulting in a 2.29% rise in the market, placing the Bitcoin Cash price at $284 per coin.
At the start of the 2nd of May, we see a reignited bearish action, resulting in a 0.56% rise in the Bitcoin Cash price to $282 per coin.
Indicators
The bearish action on the 30th of April has resulted in an RSI of 34, while the bullish response on the 1st of May has increased the RSI to 37. With the reignited bearish action on the 2nd of May, we see the RSI at 36.65.
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 30th of April, the bears continued previous bearish momentum, resulting in a 6.10% drop in the market, bringing the ADA price to $0.755 per coin. On the 1st of May, bullish action saw the ADA price rise by 4.47%, bringing its price to $0.789 per coin.
At the start of the 2nd of May, the bears initiated a momentum, resulting in a 1.42% drop, translating to $0.778 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 $0.797 and $0.776, respectively.
Indicators
On the 30th of April, 1st, and 2nd of May, significant price action sees the relative strength index fluctuate, corresponding to 28, 34, and 33, depicting the growing bearish activity. The histogram and MACD remain below the zero line, indicating bearish dominance of the market momentum.
Swap to ADA
Dogecoin / US Dollar
The bears initiated a momentum on the 30th of April, resulting in a 5.63% decrease in the Dogecoin price, translating to $0.127 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.136 and $0.124, respectively.
On the 1st of May, the bulls initiated a response momentum, resulting in the Dogecoin market rising by 4.08%, translating to $0.132 per coin.
At the start of the 2nd of May, we can see a restarted bearish action, resulting in a 0.98% drop in the Dogecoin price, bringing its price to $0.131 per coin, with the highest and lowest trading prices standing at $0.134 and $0.130, respectively.
Indicators
On the 30th of May, 1st, and 2nd of May, the RSI stands at 42, 46, and 45, depicting a market in control by the bears as the RSI stands below the 50 mark.
The MACD and histogram remain below the zero line, indicating bearish control of the market momentum.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.90
- Bitcoin / Ripple = 0.78
- Bitcoin / Litecoin = 0.85
- Bitcoin / Bitcoin cash = 0.78
- Bitcoin / Cardano = 0.87
- Bitcoin / Dogecoin = 0.83
Keynotes for today
- Bitcoin at $38,919 per coin.
- Ethereum at $2,837 per coin.
- Ripple at $0.616 per coin.
- Litecoin at $99 per coin.
- Bitcoin Cash at $282 per coin.
- Cardano at $0.778 per coin.
- Dogecoin at $0.131 per coin.
