Market Analysis of December 22nd

The marketcap has been Moving down (-6.09%) since yesterday. The total capitalization is 628 570 416 585 USD.

Bitcoin totals 419 489 832 541 USD of capitalization for a dominance of 66.8%. Ethereum’s marketcap is 67 777 567 761 USD, followed by Ripple with 20 980 529 936 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

There was a bearish divergence between the WaveTrend and the prices spotted yesterday which push the market down to 21.8k.

The daily technical situation is now rather negative and remains rather negative in 4H TF.

 

 

What to do about it?

The next entry zone is located around 20k. The best thing to do is to wait for that entry point.

  • The supports of the day are at 20000$ — 21800$
  • The resistances of the day are at 23265$ — 24200$

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Ethereum Analysis

ETH is following BTC and is now retracing, trading at around 595$.

The daily technical situation is negative and remains negative 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 575$ — 590$
  • The resistances of the day are at 620$ — 635$

Conclusion

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


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