Market Analysis December 3, 2019

The marketcap has been moving up (0.67%) since yesterday. The total capitalization is 198 661 653 183 USD.

Bitcoin totals 132 329  023 313 USD of capitalization for a dominance of 66.5%. Ethereum’s marketcap is 16 180 747 919 USD, followed by Ripple with 9500581 909 USD.

Bitcoin Analysis

The price has not changed much since yesterday and still varies around 7300$.

The liquidity zone does act as a support for the moment, but this does not mean that we have seen a significant rebound for the moment.

As long as the price remains at this level, the feeling remains positive for the coming days.

From a technical point of view, there is nothing important to report. The indicators are in an over-sold zone but have again crossed downwards, which can be seen in small price waves.

 

 

What to do about it?

Wait and see 

  • The supports of the day are at 7100$ — 6800$
  • The resistances of the day are at 7800$ — 8000$

Ethereum Analysis

Same situation as its counterpart, ETH evolves laterally in a support area.

If you return to position, don’t forget to place your stop loss.

  • The supports of the day are at 150$ — 123$
  • The resistances of the day are at 166$ — 170$

Conclusion

BTC and ETH can be bullish in the medium term! If you return to position, don’t forget to place a stop loss!

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