Days Analysis 15

Market Analysis of December 23, 2019

The marketcap has been moving up (+3.71%) since yesterday. The total capitalization is 198 362 027 835 USD.

Bitcoin totals 136 650 576 065 USD of capitalization for a dominance of 68.9%. Ethereum’s marketcap is 14 505 229 196 USD, followed by Ripple with 8 485 707 762 USD.

Market Sentiment

Capture 15

Bitcoin Analysis

Bitcoin closed higher and is now trading around $7530. It is regaining more and more dominance.

The daily technical situation is positive with all 3 bullish indicators.

Over a 4-hour time horizon, the technical situation remains positive despite a bearish CCI, WaveTrends and MACD showing signs of reversal.

BTC 15
What to do about it?

The BTC is accumulating and we need to see if the $7500 level holds, if it doesn’t we could go back down to $7200 or even $7000.

Ethereum Analysis

ETH 15

ETH closed higher, trading around $133.5.

The daily technical situation is rather positive, with a WaveTrends that crossed higher.

The technical situation on a 4-hour horizon is also rather positive but we have signs of a bearish reversal.

What can we do?

We’re on old resistance and we need to see if it holds or if we’re going to fall back below $130.

Conclusion

BTC and ETH are close to a resistance anchor and it is important to see if it will hold or not.

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