Days Analysis 9

Market Analysis of December 13, 2019

The marketcap has been moving up (0.94%) since yesterday. The total capitalization is 197 026 345 829 USD.

Bitcoin totals 131 367 845 326 USD of capitalization for a dominance of 66.6%. Ethereum’s marketcap is 15 765 851 069 USD, followed by Ripple with  9 457 306 417 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed down for the 4th day in a row with a candle symbolizing a battle between buyers and sellers. Indecision is always present on the market. The BTC is around $7206.

The daily technical situation is rather positive but the indicators are almost flat.

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

What to do about it?

The BTC is still in consolidation and is not interesting to trade at the moment. We have to wait for a test of the $7100 or $7,500.

  • The supports of the day are at 7100$ — 6800$
  • The resistances of the day are at 7600$ — 7800$

Ethereum Analysis

ETH closed with a bullish movement by a doji symbolizing a buying force present and evolving around 143.8$.

The daily technical situation is rather negative but the indicators are almost flat as for the BTC.

Over a time horizon of 4 hours, the technical situation is rather positive but remains rather uncertain.

What to do about it?

Like BTC, you must be patient and wait for a test of a high level. ETH continues its evolution in the range.

  • The supports of the day are at 140$ — 132$
  • The resistances of the day are at 151.5$ — 157$

Conclusion

Be patient and monitor your important levels.

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