Crypto Market Summary for Jul 16, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 16, 2019 | by Techniquant Editorial Team

Highlights

BTCUSD breaks below Monday's low
LTCUSD breaks below key technical support level
ETHUSD dominated by bears dragging the market lower throughout the day
EOSUSD runs into sellers again around 4.35
XRPUSD declines to lowest close since May 9th
ETCUSD finds buyers again around 5.16
BCHUSD closes within previous day's range

Summary

With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are EOSUSD losing -14.88% and ETHUSD closing -13.63% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in BCHUSD: Among the five market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed below the lower Bollinger Band" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for BCH/USD. Out of 20 times, BCHUSD closed higher 60.00% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after two trading days, showing a win rate of 60.00% with an average market move of 1.08%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been WAVESBTC surging 12.98% and XRPBTC closing 8.67% higher. The worst performers of the day have been BATUSD tanking -18.25% and ETHCNY closing -17.61% lower.

Major Cryptocurrencies Overviews

BTCUSD 9,458.80 -1,450.88 (-13.30%) BTCUSD finished Tuesday at 9458.80 tanking $1450.88 (-13.3%). This is the biggest single-day loss in over two weeks. Today's close at 9458.80 marks the lowest recorded closing price since June 19th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Monday's low at 9877.02, the cryptocurrency confirmed its breakout through the prior session low after trading up to $510.20 below it intraday. Read more
LTCUSD 79.78 -10.93 (-12.05%) LTCUSD ended Tuesday at 79.78 losing $10.93 (-12.05%). Today's close at 79.78 marks the lowest recorded closing price since May 10th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Monday's low at 84.89, LTC confirmed its breakout through the previous session low after trading up to $8.20 below it intraday. Read more
ETHUSD 199.08 -31.42 (-13.63%) ETHUSD ended Tuesday at 199.08 tanking $31.42 (-13.63%) on high volume. Today's close at 199.08 marks the lowest recorded closing price since May 13th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Monday's low at 203.63, Ethereum confirmed its breakout through the previous session low after trading up to $12.60 below it intraday. Read more
EOSUSD 3.66 -0.64 (-14.88%) EOSUSD finished Tuesday at 3.66 tanking $0.64 (-14.88%) on high volume. Today's close at 3.66 marks the lowest recorded closing price since March 14th. Closing below Monday's low at 3.97, EOS confirmed its breakout through the previous session low after trading up to $0.66 below it intraday. Read more
XRPUSD 0.2966 -0.0180 (-5.72%) XRPUSD finished Tuesday at 0.2966 losing $0.0180 (-5.72%). Today's close at 0.2966 marks the lowest recorded closing price since May 9th. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
ETCUSD 5.34 -0.50 (-8.56%) ETCUSD finished Tuesday at 5.34 losing $0.50 (-8.56%) on high volume. Today's close at 5.34 marks the lowest recorded closing price since April 1st. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
BCHUSD 282.52 -33.27 (-10.54%) BCHUSD ended Tuesday at 282.52 losing $33.27 (-10.54%) on high volume. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for Litecoin/Bitcoin Index (LTCBTC) as at Feb 26, 2020
Feb 26, 2020
Daily technical analysis candlestick chart for Litecoin/Chinese Yuan Index (LTCCNY) as at Feb 26, 2020
Feb 26, 2020
Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Feb 26, 2020
Feb 26, 2020
Daily technical analysis candlestick chart for Litecoin/Euro Index (LTCEUR) as at Feb 26, 2020
Feb 26, 2020
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