Days Analysis 5

Market Analysis of December 9, 2019

The marketcap has been moving down (-0.44%) since yesterday. The total capitalization is 202 881 512 016 USD.

Bitcoin totals 135 476 151 276 USD of capitalization for a dominance of 66.8%. Ethereum’s marketcap is 16 269 442 759 USD, followed by Ripple with 9 832 710 215 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed up with a doji showing market indecision and is now trading around $7470. The level of $7600 and $7800 is used as resistance for the moment.

The daily technical situation is positive with MACD, CCI and WaveTrends on the rise.

Over a time horizon of 4 hours, the technical situation is rather positive despite signs of downward curvature.

 

What to do about it?

We do not recommend trading the BTC in the middle of the range, but be careful if a support or resistance breaks.

  • The supports of the day are at 7300$ — 7100$
  • The resistances of the day are at 7600$ — 7800$

Ethereum Analysis

ETH closed up and is currently trading at $149.2. Like the BTC, it is in consolidation. The resistance and supports remain the same for the moment.

The daily technical situation is positive.

Over a time horizon of 4 hours, the situation remains rather positive despite signs of downward curvature.

What to do about it?

We still have to wait for a breakage and a retest of the $151.5

 

  • The supports of the day are at 143$ — 140$
  • The resistances of the day are at 151.5$ — 157$

Conclusion

BTC and ETH are in consolidation, it is necessary to be patient and attentive to their movement.

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