Market Analysis of December 18th

The marketcap has been Moving down (-2.62%) since yesterday. The total capitalization is 637 788 449 162 USD.

Bitcoin totals 416 456 622 988 USD of capitalization for a dominance of 65.3%. Ethereum’s marketcap is 72 382 435 365 USD, followed by Ripple with 25 582 197 681 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $22600.

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

What to do about it?

The BTC is still trading above 22000 after reaching a high point at 23800. We still need a retracement before opening a position.

  • The supports of the day are at 20000$ — 21800$
  • The resistance of the day is at 23800$

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Ethereum Analysis

ETH follow BTC and is retracing today after closing above 640 yersterday.

The daily technical situation is rather positive but is negative on 4h TF.

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 650$ — 675$

Conclusion

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


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