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.
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.
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.
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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