At the start of the 27th of February, we see the bears continuing their previous momentum. From the above chart, we see increased selling volumes, resulting in a bearish dominance of the market at its start with a bullish resistance; with the bearish move for the day, the Bitcoin price fell by 3.63%, bringing its price to $37,71 per coin. With this move, the bears lead the market, while the highest and lowest Bitcoin trading price for the day stands at $39,875 and $37,020, respectively.
On the 28th of February, the bulls flipped an initial bearish start to the market, flipping the market in their favor as indicated by the wick below the candle, which also denotes the lowest Bitcoin trading price for the day at $37,455 per coin. With the bullish domination of the market, the bulls have influenced a 0.70% rise in the Bitcoin price, bringing the price of each coin to $37,982. The chart also illustrates a slight bearish resistance to further bullish action as indicated by the wick above the candle, denoting the highest coin price seen so far at $38,027.
Over the last three days, it has been evident that the Bitcoin bears remain the dominant force in the Bitcoin market, maintaining the asset in a downtrend.
Indicators
With the bearish action dominating bullish over the last few days, the Bitcoin market remains bearish, as indicated by the relative strength index below the 50 mark. On the 26th of February, the bearish action resulted in a fall of the RSI to 45.64. With the sustained bearish dominance on the 27th of February, we see a consecutive fall in the relative strength index to 40.99. With the bullish start to the 28th of February, we see a rise in the relative strength index to 42.12.
In correlation with other indicators, the MACD remains below the zero line, indicating a negative outcome for the asset, while the histogram shows bearish intensity in the market.
Buy and sell BTC on Remitano
Ethereum / US Dollar
As with the Bitcoin market, the Ethereum market remains below its 50-day moving average of $2,863 per coin; however, the chart also shows a contested bullish action On the 26th of February, with the bulls influencing a 0.40% rise in the ETH price, translating to $2,780 per coin. The wick above the candle denotes a bearish attempt at diminishing the gains seen in the market for the day, placing the highest trading price of ETH at $2,880 per coin, while the lowest ETH trading price for the day stands at $2,728 per coin.
With the contested bearish dominance of the market on the 27th of February, the bears influenced a 5.85% drop in the ETH price, bringing the price of each coin to $2,618. The chart also illustrates the bullish rejection of further bearish action. They attempted to minimize the losses seen on the day, indicated by the wick below the candle and placing the lowest price of Ethereum for the day at $2,558 per coin.
At the start of the 28th of February, we see the bulls reignite their previous momentum, resulting in a bullish dominance of the market at its start with a little bearish resistance; with the bullish move for the day, the Ethereum price is up by 0.65%%, bringing its price to $2,622. Nevertheless, the highest and lowest Bitcoin trading price for the day stands at $2,637 and $2,589, respectively.
With the market still below its 50-day moving average over the last three days, it is evident that the bears are in control of the market.
Indicators
Despite the predominant bullish action over the last three days, the ETH relative strength index remains below 50, indicating overall bearish dominance. On the 26th of February, the bullish action resulted in a rise of the RSI to 47.71. With the bearish start to the 27th of February, we see the relative strength index fall to 41.83. On the 28th of February, continued bullish action sees the RSI rise to 43.13. However, with the RSI still below 50, the market maintains a bearish outlook.
The histogram and MACD remain below the zero line, indicating bearish dominance of the market and a negative outlook for the asset.
Buy and sell ETH on Remitano
Ripple / US Dollar
From the above chart, we see the Ripple market above its 50-day moving average of $0.724 despite significant bearish action seen in the market, with the bulls succeeding in bringing the market back above its 50-day moving average.
On the 26th of February, the bears initiated a move, resulting in a 2.53% drop in the Ripple price, translating to $0.750 per coin. The wick above the candle means the bears flipped an initial bullish move which also denotes the highest Ripple trading price for the day at $0.797 per coin, while the lowest trading price of Ripple for the day stood at $0.741 per coin.
At the start of the 27th of February, the bears gained a head start to dominate the market, resulting in a 3.96% drop in the Ripple price, translating to $0.721 per coin with the highest and lowest trading prices achieved at $0.767 and $0.704, respectively.
At the start of the 28th of February, we see the bulls initiate a momentum following the bearish dominance of previous days. The Ripple market is up by 0.88%, translating to $0.727 per coin with this move. However, with the market still in its early hours, we could see more volatility. Nevertheless, as at the writing of this analysis, the highest and lowest price points stand at $0.727 and $0.710, respectively.
Indicators
Due to the market being predominantly bearish, the relative strength index declines as it stands below the 50 mark. The current momentum places the market in control of the bears, and the relative strength index on the 26th, 27th, and 28th of February stand at 50,46 and 47, respectively. Consecutively showing reducing bullish activity, reflecting the increasing bearish action in the market.
The MACD and histogram illustrate bearish entry into the market in correlation to the RSI. The MACD makes a descent below the zero line, reflecting the bearish action seen in the market.
Buy and sell XRP on Remitano
Litecoin / US Dollar
The above chart shows that the Litecoin market is steady in bearish control as it remains below its 50-day moving average of $121 per coin.
On the 26th of February, the loss seen in the Litecoin market was significantly contested by the bulls, resulting in a minute loss of 0.95%, bringing the LTC price to $108 per coin. With the continued struggle for market dominance, we see the highest and lowest price points achieved for the day at $114 and $106, respectively.
On the 27th of February, the bears continued their momentum together with bullish resistance. With the bearish dominance of the market, the bears influenced a 4.84% drop, bringing the LTC price to $103 per coin. At the start of the 28th of February, we see the bulls initiate a momentum after flipping an initial bearish start to the market and influencing a 0.72% rise in the LTC price, translating to $103 per coin, while the highest and lowest price points seen in the market stand at $103 and $101, respectively. With much time left to the close of the market for the day, these values are subject to change due to volatility.
Indicators
The relative strength index indicates a market in bearish control with its relative strength index value below the 50 mark. On February 26th, 27th, and 28th, the relative strength index shows dominant bearish activity in the market, corresponding to 41, 37, and 38, indicating increasing bearish activity.
In correlation to the RSI, we see increasing bearish activity in the MACD and histogram, reflecting bearish dominance over the market and, with these indicators below the zero line, a bearish outlook for the asset.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
As with several other crypto assets over the last three days, the Bitcoin Cash market remains in bearish control as it trades below its 50-day moving average of $323 per coin.
On the 26th of February, the bulls initiated a momentum continuing their action over the previous days after flipping of an initial bearish start to the market, resulting in a 2.11% increment in the Bitcoin Cash price, translating to $315 per coin, with the highest trading price of $324 per coin, while the lowest trading price for the day as indicated by the wick below the candle stands at $307 per coin.
Following the bullish dominance of the previous day, the bears initiated a momentum on the 27th of February, resulting in a 3.63% drop in the Bitcoin Cash price, translating to $304 per coin, with the highest and lowest price points seen in the market at $321 and $299, respectively.
At the start of the market on the 28th of February, the bulls have an early start after toppling an initial bearish action as indicated by the wick below the candle, influencing a 0.65% increase in the Bitcoin Cash price as at writing this piece, translating to $306 per coin. With the market yet to close for the day, we likely will see more volatility; however, Bitcoin Cash's highest and lowest trading prices stand at $306 and $300, respectively.
Indicators
The Bitcoin Cash market remains bearish as its relative strength index over the last few days remains below the 50 mark. We see the relative strength index on the 26th, 27th, and 28th of February stand at 49, 45, and 46. The bearish outlook for the asset is correlated by the histogram and MACD, with the MACD below the zero line.
Buy and sell BCH on Remitano
Cardano / US Dollar
On the 26th of February, the bears gained control of a heavily contested market, resulting in an ADA decrease of 1.38%, bringing the ADA price to $0.887 per coin. The highest and lowest price points achieved stood at $0.930 and $0.881.
Following the dominance of the bears on the previous day, the bears continued their move on the 27th, resulting in a drop of 3.43%, bringing the ADA price to $0.856 per coin. The highest and lowest price points achieved stood at $0.915 and $0.832, respectively.
We see the bulls attempting to revive the ADA market on the 28th of February, resulting in a 0.79% growth as of this piece's writing, bringing the ADA price to $0.863 per coin. With the market still far from its close, we will likely see more volatility. Nevertheless, the current highest and lowest price points seen in the market stand at $0.863 and $0.842, respectively.
With the bearish action over the last few days, the ADA market falls farther away from its 50-day moving average, portraying a bearish outlook.
Indicators
With the volatile price action over the last few days, we see the ADA relative strength index below the 50 mark, indicating a growing bearish effect on the market. With the above, the RSI on the 26th, 27th, and 28th of February stands at 36, 34, and 35.
In correlation to the RSI, we see the MACD deflect further away from the zero line, which places the bears as the dominant force in the market.
Swap to ADA
Dogecoin / US Dollar
On the 26th of February, the bears attempted to initiate their momentum; however, bullish resistance to further price drop sees restricted losses on this day to a break-even 0.00%, bringing the Dogecoin price to $0.127 per coin.
On the 27th, the bears initiated a massive momentum, resulting in a drop of 3.76%, bringing the Dogecoin price to $0.122 per coin, while the highest and lowest price points achieved stood at $0.128 and $0.121, respectively.
We see the bulls restarting their momentum on the 28th of February, resulting in a 0.65% rise at this piece's writing, bringing the Dogecoin price to $0.123 per coin. With the market still far from its close, we will likely see more volatility. Nevertheless, the current highest and lowest price points seen in the market stand at $0.123 and $0.121, respectively.
With the bearish action over the last few days dominating the bullish action, the Dogecoin market falls farther away from its 50-day moving average, portraying a bearish outlook for the market.
Indicators
With the price action over the last few days, we see the Doge relative strength index stand below the 50 mark, indicating a growing bearish effect on the market. With the above, the RSI on the 26th, 27th, and 28th of February stands at 38, 35, and 36.
In correlation to the RSI, we see the MACD deflect away from the zero line, which places the bears as the dominant force in the market.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.91
- Bitcoin / Ripple = 0.87
- Bitcoin / Litecoin = 0.92
- Bitcoin / Bitcoin cash = 0.89
- Bitcoin / Cardano = 0.89
- Bitcoin / Dogecoin = 0.92
Keynotes for today
- Bitcoin at $37,982 per coin.
- Ethereum at $2,635 per coin.
- Ripple at $0.727 per coin.
- Litecoin at $103 per coin.
- Bitcoin Cash at $306 per coin.
- Cardano at $0.863 per coin.
- Dogecoin at $0.123 per coin.
