Market Analysis of April 20, 2020

The marketcap has been moving down (-0.07%) since yesterday. The total capitalization is 208 193 464 982 USD.

Bitcoin totals 132 156 547 704 USD of capitalization for a dominance of 63.50%. Ethereum’s marketcap is 20 226 768 925 USD, followed by Ripple with 8 496 946 914 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed lower and is now trading around $7,158.

The daily technical situation is positive and remains rather positive in 4 hours.

What to do about it?

The BTC is accumulating and the technical situation is quite uncertain. Stay patient and stay away from the BTC today.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7500$ — 7800$

Ethereum Analysis

ETH closed lower, trading around $181.65.

The daily technical situation is positive and becomes rather negative in 4 hours.

What to do?

ETH is just above a support, you have to wait for a return to support before positioning.

  • The supports of the day are at 177$ — 168$
  • The resistances of the day are at 185$ — 190$

Conclusion

The daily technical situation is rather positive for ETH and BTC.

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