Market Analysis of December 17th

The marketcap has been Moving up (14.29%) since yesterday. The total capitalization is 655 657 541 219 USD.

Bitcoin totals 431 014 080 730 USD of capitalization for a dominance of 65.5%. Ethereum’s marketcap is 75 419 152 494 USD, followed by Ripple with 25 732 165 220 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

We were waiting a breakout of the 20k for so long and it finally happened yesterday. BTC is now in price discovery and we’ll have to wait for price to settle before opening a swing position.

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

What to do about it?

 The best thing to do is to wait for a better entry point.

  • The supports of the day are at 19800$ – 20000$
  • The resistance of the day is at 23800$

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Ethereum Analysis

ETH followed BTC yesterday with a clear breakout of 600$ and is now trading at around 

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

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 600$ — 620$
  • The resistances of the day are at 750$ — 800$

Conclusion

We have to wait for a better entry point for ETH and BTC.


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