Days Analysis 18

Market Analysis of December 27, 2019

The marketcap has been moving up (0.19%) since yesterday. The total capitalization is 191 249 071 820 USD.

Bitcoin totals 131 377 671 909 USD of capitalization for a dominance of 68.7%. Ethereum’s marketcap is 13 744 923 265 USD, followed by Ripple with 8 243 851 315 USD.

Bitcoin Analysis

Bitcoin closed lower for the 4th day in a row and is trading around $7168. As announced yesterday, the btc went up but the selling force regained the upper hand as the doji shape shows us.

The daily technical situation is rather negative, despite a bullish MACD, the WaveTrends has just crossed lower.

Over a time horizon of 4 hours, the technical situation is negative. But we can see that the $7100 support still holds.

BTC 18
What to do about it?

Not much to do as long as the BTC is just above $7100 support.

Ethereum Analysis

ETH 18

ETH closed higher and is trading around $124.3, back at the same point after a small rise. The shape of the doji shows us that the selling forces have the upper hand as for the BTC.

The daily technical situation is rather negative but quite uncertain.

On a 4 hour time horizon, the technical situation remains negative.

What can we do about it?

There’s not much to do except checking that the $121 support still holds.

Conclusion

After the small climb announced yesterday for ETH and BTC, here they are back to the starting point.

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