Market Analysis of December 19, 2019

Days Analysis 13

The marketcap has been moving up (3.91) since yesterday. The total capitalization is 187 127 597 121 USD.

Bitcoin totals 127 941 898 700 USD of capitalization for a dominance of 68.3%. Ethereum’s marketcap is 13 775 805 715 USD, followed by Ripple with 8 081 495 485 USD.

Bitcoin Analysis

Bitcoin closed with a bullish movement (+10%) and is currently trading around $7170. He tested the $7,500 resistance before going down to $7,100.

The daily technical situation is rather positive with a WaveTrends that has just crossed upwards.

Over a time horizon of 4 hours, the technical situation is positive.

BTC 13
What to do about it?

The BTC could test the $7,500 again or test the $6,500. It would be better to wait for a retest before positioning yourself.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7500$ — 8000$

Ethereum Analysis

ETH 13

ETH closed up and is now trading at around $127.

The daily technical situation is negative.

Over a time horizon of 4 hours, the technical situation becomes positive.

What to do about it?

As for the btc, a retest would be interesting.

  • The supports of the day are at 121$ — 114$
  • The resistances of the day are at 133$ — 141$

Conclusion

It is necessary to be attentive to the important level and hope for a retest of a support or resistance.

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