Days Analysis 12

Market Analysis of December 18, 2019

The marketcap has been moving down (-3.51%) since yesterday. The total capitalization is 180 085 298 036 USD.

Bitcoin totals 121744 158628 USD of capitalization for a dominance of 67.6%. Ethereum’s marketcap is 13 552 739 598 USD, followed by Ripple with 8 029 676 162 USD.

Bitcoin Analysis

Bitcoin closed lower and is currently trading at around $6636. The $6,800 level has given way and we can expect a $6,500 test.

The daily technical situation is negative despite an increasing CCI.

Over a time horizon of 4 hours, the technical situation remains rather negative but we can see signs of recovery, with the WaveTrends which has just crossed upwards.

BTC 12
What to do about it?

If the 6500 level holds, we can expect a rebound and a return to the 6800, if it does not hold we could test the 6000.

Ethereum Analysis

ETH 12

TH closed down and is trading at around $122.5.

The daily technical situation remains negative and shows no sign of recovery.

Over a time horizon of 4 hours, the situation is rather negative also with signs of recovery and the WaveTrends has just crossed the rise.

What to do about it?

If the $121 level holds, we can hope for an increase to $131 to start and if it doesn’t hold we can expect to see $115.

Conclusion

The trend is down and there are no signs of recovery yet.

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