Crypto Market Summary for Jul 04, 2020
Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 04, 2020 | by Techniquant Editorial Team
With seven out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are LTCUSD gaining 2.31% and BCHUSD closing 2.07% higher. None of the markets ended the day in the red.
One of today's most interesting market conditions in the Major Cryptocurrencies showed up in BTCUSD: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "White Candle" stand out. Its common bullish interpretation has been confirmed for BTC/USD. Out of 846 times, BTCUSD closed higher 54.02% 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 10 trading days, showing a win rate of 60.17% with an average market move of 7.33%. Read more
Looking at the Minor Cryptocurrencies, the winners of the day have been VETBTC surging 21.24% and LTCCNY closing 4.51% higher. The worst performers of the day have been DOGEUSD tanking -3.01% and ICXBTC closing -1.88% lower.