The marketcap has been moving down (-1.91%) since yesterday. The total capitalization is 219 324 150 066 USD.
Bitcoin totals 148 486 024 007 USD of capitalization for a dominance of 67.70%. Ethereum’s marketcap is 19 058 174 322 USD, followed by Ripple with 10 677 334 189 USD.
The Bitcoin closed with a bullish movement and is trading around 8220.5$. The shape of the candle indicates a winless battle between buyers and sellers. We can observe a consolidation of the BTC.
The daily technical situation is rather negative, the MACD and WaveTrends are down despite some signs of recovery. The CCI is on the rise but also shows signs of curvature.
Over a time horizon of 4 hours, the technical situation is rather positive, the indicators are on the rise despite signs of downward curves. There is a divergence in the different time horizons.
What to do about it?
We advise you to wait to see the evolution of the Monthly Open from a support role to a resistance role. The BTC moves between the Monthly and Weekly in a range and we advise you to wait for a break to trade it.
ETH closed lower and is trading at around $176. ETH is located between the Monthly Open and the Weekly Open.
The daily technical situation is rather negative, the indicators are down despite signs of recovery. Over a time horizon of 4 hours, the situation is also rather negative. The WaveTrends is down, the MACD is showing signs of curvature but the CCI is up.
What to do about it?
We advise you to wait for a breakage of a support or resistance to get an indication of the direction of ETH.
We advise you to follow the movements of the BTC and ETH and their supports as they evolve in range and prepare for possible breaks.
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