The marketcap has been moving up (+3.03%) since yesterday. The total capitalization is 317.696.471.321 USD.
Bitcoin totals 217.938.368.520 USD of capitalization for a dominance of 68.6%.
Ethereum’s marketcap is 25.069.509.860 USD, followed by Ripple with 13.822.258.868 USD.
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Bitcoin closed the previous session with a significant increase from $10,986 to $11,959. However, the daily technical situation remains very positive with an upward trend in MACD and WaveTrends. Only the CCI is beginning to show signs of shortness of breath.
On a 4-hour horizon, the situation is also positive with nevertheless a CCI which is moving towards the level of 100 downwards.
What to do about it?
If you are already in position, place a stop-loss above your purchase price. If you are not yet in position, wait for a retracement to the $11800 level before positioning yourself for the purchase.
- The supports of the day are at 11800$ – 10986$
- The resistances of the day are at 12500$ – 13000$
The situation of Ethereum is rather similar to that of Bitcoin, with a positive daily technical situation. Nevertheless, the CCI seems more negative for ETH than for BTC.
On a 4-hour horizon, the technical situation is beginning to show signs of reversal with a CCI and a WaveTrends that have already given a sales signal.
What to do about it?
If you are in position, place your stop sign above your purchase price. If you are not in position, wait for a confirmed $235 break or a return on support before reassessing the situation.
- The supports of the day are at 220$ – 205$
- The resistances of the day are at 235$ – 240$
BTC and ETH are in bullish extension and are exposed to a possible shortness of breath in the short term
We advise you to wait for the return on the support for BTC and ETH before positioning yourself.
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