Market Analysis of February 13, 2020

The marketcap has been moving down (-0.26%) since yesterday. The total capitalization is 297 701 280 969 USD.

Bitcoin totals 185 065 973 874 USD of capitalization for a dominance of 62.20%. Ethereum’s marketcap is 28 642 155 830 USD, followed by Ripple with  13 464 347 788USD.

Market Sentiment

Market Analysis of February 13, 2020 - 4C Trading

Bitcoin Analysis

The daily technical situation remains positive but increasingly over-bought, not surprisingly. In 4 hours, a sales signal has just been given by the WaveTrends.

Unsurprisingly, we are still in the danger zone, so we will be patient.

Market Analysis of February 13, 2020 - 4C Trading
What to do about it?

Either Bitcoin is pushing higher and thus validates a bullish rally on the largest TF: In this case we will wait for a pullback to position ourselves to buy.

Otherwise we will wait for a daily close under the weekly open to look for short points.

Ethereum Analysis

Market Analysis of February 13, 2020 - 4C Trading

ETH closed higher again and is trading around $261.4 after reaching a high of $276.8.

The daily technical situation is still positive but becomes rather negative over a 4-hour time horizon.

What to do?

We are in a rather uncertain zone, a prudent trader will wait for a return to support or resistance.


The daily technical situation is positive for ETH and BTC and negative on a shorter horizon.

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