Crypto Market Summary for Oct 18, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Oct 18, 2020 | by Techniquant Editorial Team

Highlights

BTCUSD still stuck within tight trading range
ETCUSD runs into sellers around 5.62 for the third day in a row
ETHUSD closes higher for the 2nd day in a row
XRPUSD runs into sellers again around 0.2437
LTCUSD runs into sellers again around 47.94
BCHUSD closes within prior day's range after lackluster session
EOSUSD finds buyers again around 2.52

Summary

With six out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are ETHUSD gaining 2.69% and BCHUSD closing 1.76% higher. On the flipside the worst performer has been ETCUSD closing -0.36% lower.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in LTCUSD: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bearish Hikkake Pattern" stand out. Its common bearish interpretation has been confirmed for LTC/USD. Out of 173 times, LTCUSD closed lower 54.34% 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 two trading days, showing a win rate of 60.12% with an average market move of -0.79%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been BCNUSD surging 13.16% and VETBTC closing 5.15% higher. The worst performers of the day have been WAVESBTC tanking -5.27% and WAVESUSD closing -4.08% lower.

Major Cryptocurrencies Overviews

BTCUSD 11,513.33 145.68 (1.28%) Moving higher for the 2nd day in a row, BTCUSD ended Sunday at 11513.33 gaining $145.68 (1.28%) on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Saturday's high at 11410.01, Bitcoin confirmed its breakout through the prior session high after trading up to $103.67 above it intraday. Read more
ETCUSD 5.56 -0.02 (-0.36%) ETCUSD finished Sunday at 5.56 losing $0.02 (-0.36%) on low volume. Trading $0.04 higher after the open, the cryptocurrency was unable to hold its gains as the bears took control ending the day below its opening price. 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
ETHUSD 378.44 9.91 (2.69%) Moving higher for the 2nd day in a row, ETHUSD ended Sunday at 378.44 gaining $9.91 (2.69%) on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Saturday's high at 370.59, ETH confirmed its breakout through the prior session high after trading up to $7.99 above it intraday. Read more
XRPUSD 0.2423 0.0016 (0.66%) Moving higher for the 2nd day in a row, XRPUSD finished Sunday at 0.2423 gaining $0.0016 (0.66%) on low volume. 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 47.58 0.64 (1.36%) LTCUSD finished Sunday at 47.58 gaining $0.64 (1.36%) on low volume. 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 249.53 4.32 (1.76%) BCHUSD ended Sunday at 249.53 gaining $4.32 (1.76%). 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
EOSUSD 2.55 0.02 (0.79%) EOSUSD ended Sunday at 2.55 gaining $0.02 (0.79%). Read more

Detailed Reports

Daily technical analysis candlestick chart for Bitcoin Gold/US Dollar Index (BTGUSD) as at Nov 29, 2020
Nov 29, 2020
Daily technical analysis candlestick chart for Bitcoin Cash/Bitcoin Index (BCHBTC) as at Nov 29, 2020
Nov 29, 2020
Daily technical analysis candlestick chart for Litecoin/Japanese Yen Index (LTCJPY) as at Nov 29, 2020
Nov 29, 2020
Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Nov 29, 2020
Nov 29, 2020
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