The marketcap has been moving down (-1.13%) since yesterday. The total capitalization is 213 720 061 876 USD.
Bitcoin totals 142 445 128 650 USD of capitalization for a dominance of 66.70%. Ethereum’s marketcap is 18 660 173 540 USD, followed by Ripple with 11 541 125 660 USD.
The Bitcoin closed with a bearish movement and is now trading around $7880. It is still consolidating and losing some of its supremacy in the crypto-currency market. The Weekly Open is at $7861 and we will see what role it will take this week.
The daily technical situation is rather negative. The MACD is down, the CCI is horizontal and the WaveTrends is slightly up but still showing signs of curvature.
Over a time horizon of 4 hours, the technical situation is rather positive, despite a downward MACD, the CCI is up and the WaveTrends has crossed up.
What to do about it?
The BTC continues its evolution in range, a possible return to 8000 is possible, see 8300 to test the Monthly but we advise you to remain cautious.
ETH closed with a downward movement and is currently evolving at 172.5. The Monthly Open seems to keep its role of resistance well, the Weekly Open seems to take a supporting role but we have to wait for it to be tested for confirmation.
The daily technical situation is rather negative, the MACD is down, as is the WaveTrends, while the CCI is up.
Over a time horizon of 4 hours, the technical situation becomes rather positive. Indeed the CCI is still on the rise, the MACD shows a slight decrease but the WaveTrends has crossed on the rise.
What to do about it?
ETH seems to evolve in range, we advise you to wait for a break or to trade in range.
BTC and ETH are still in consolidation, other corners are more interesting to trade at the moment like ADA, TRX, XRP…
You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.
For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.