Crypto Market Summary for Nov 09, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Nov 09, 2019 | by Techniquant Editorial Team

Highlights

BTCUSD closes within previous day's range after lackluster session
XRPUSD unable to break through key resistance level
ETCUSD closes lower for the 2nd day in a row
LTCUSD runs into sellers again around 62.37
BCHUSD dominated by bulls lifting the market higher throughout the day
EOSUSD breaks back above 100-day moving average
ETHUSD closes above its opening price after recovering from early selling pressure

Summary

With five out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are LTCUSD gaining 2.57% and BCHUSD closing 1.29% higher. On the flipside the worst performers have been ETCUSD closing -0.8% lower and BTCUSD losing -0.16%.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in XRPUSD: Among the six market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bullish Break through SMA 100" stand out. Though it is usually interpreted as bullish, it has actually shown to be bearish for XRP/USD. Out of 77 times, XRPUSD closed lower 67.53% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after five trading days, showing a win rate of 66.23% with an average market move of -2.12%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been KMDBTC surging 19.83% and KMDUSD closing 19.72% higher. The worst performers of the day have been SCBTC tanking -4.35% and PIVXBTC closing -4.06% lower.

Major Cryptocurrencies Overviews

BTCUSD 8,811.22 -14.09 (-0.16%) Moving lower for the 5th day in a row, BTCUSD ended Saturday at 8811.22 losing $14.09 (-0.16%). Today's close at 8811.22 marks the lowest recorded closing price since October 25th. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
XRPUSD 0.2797 0.0028 (1.01%) XRPUSD ended Saturday at 0.2797 gaining $0.0028 (1.01%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
ETCUSD 4.96 -0.04 (-0.80%) Moving lower for the 2nd day in a row, ETCUSD ended Saturday at 4.96 losing $0.04 (-0.8%) on low volume. Trading $0.07 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on November 3rd, ETCUSD actually gained 1.02% on the following trading day. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
LTCUSD 62.23 1.56 (2.57%) LTCUSD ended Saturday at 62.23 gaining $1.56 (2.57%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
BCHUSD 282.79 3.59 (1.29%) BCHUSD ended Saturday at 282.79 gaining $3.59 (1.29%) on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
EOSUSD 3.48 0.04 (1.16%) EOSUSD finished Saturday at 3.48 gaining $0.04 (1.16%) on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
ETHUSD 185.43 0.43 (0.23%) ETHUSD finished Saturday at 185.43 gaining $0.43 (0.23%) on low volume. Trading up to $0.98 lower after the open, ETH/USD managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Waves/Bitcoin Index (WAVESBTC) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Private Instant Verified Transaction/US Dollar Index (PIVXUSD) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Ethereum/British Pound Index (ETHGBP) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Ethereum/Bitcoin Index (ETHBTC) as at Dec 14, 2019
Dec 14, 2019
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