In this section there will be an update once a week about all assets listed on BitMEX. This includes Bitcoin, Ethereum, Litecoin, Cardano, Bitcoin Cash, EOS, Tron and Ripple
Crypto Market Overview - April 23, 2019
Bitcoin gained 2.55% from the last Weekly Open. Currently we are at resistance. BTC broke bearish out of the Rising Wedge but found support at the Weekly Open at 5297. After that we pushed higher and trying now to eat the resistance. When the Daily Open holds, there is a good chance that we can push even higher.
Ethereum hold the last Weekly Open. ETH made a little gain of 0.97%. Right now Ethereum is very strong. Daily and the two Weekly Opens have to hold to get more up movement.
Litecoin held support at $77. LTC lost 7.79% on the last Weekly Open but is still very bullish. It has to hold the Weekly and Daily Open. Huge restiance near $100.
ADA found support at the 0.00001400 region. Lost 15% of the last weekly open, but closed today very strong. Let’s see how a retest of the Weekly Open performs. Resistance starts at the last Weekly and Monthly open.
BCH held support at the last Weekly Open. The Daily Open was above the Weekly open. In the last hours Bitcoin Cash performed very well. But resistance is directly above us.
EOS lost 8.65% from last Weekly Open. The Daily closed under the Weekly Open. It tested the support once with a wick. Until we reach the Weekly Open again this is bearish.
TRX is now at a critical point. It is right in the support. The Daily closed under the Weekly. It lost 9.97% from last week. Until it get back to the Weekly Open at 0.00000471 this is bearish.
XRP had a terrible month. It was nearly a waterfall down. Ripple is now also in a very critical situation. It has to hold the 0.00006000 regions, otherwise there will be more downward movement. There is no support left. But XRP is extremely oversold. A bounce can happen anytime.