Market Analysis of February 17, 2020

The marketcap has been moving down (-4.01%) since yesterday. The total capitalization is 282 062 081 795 USD.

Bitcoin totals 178 755 386 350 USD of capitalization for a dominance of 63.4%. Ethereum’s marketcap is 27 591 357 476 USD, followed by Ripple with 12 372 303 400 USD.

Market Sentiment

Bitcoin Analysis

Bitcoin closed higher with a doji indicating market indecision and is trading around $9825 below its past Weekly Open. The BTC regains some dominance.

The daily technical situation is negative and remains negative under a horizon of 4 hours to become positive over a horizon of 1 hour.

What to do about it?

The BTC still evolves in a zone of indecision, between its Weekly Open and its Monthly Open. Once again, it is advisable to wait for a test of support or resistance before taking position.

Ethereum Analysis

ETH closed lower at around $249.25 but remains above its previous Weekly Open.

The daily technical situation is negative and remains negative under a reduced time horizon.

What can we do about it?

ETH is also in a zone of indecision and a test of support or resistance is necessary before positioning itself.

Conclusion

The daily technical situation is negative for ETH and BTC.

You can join us on Telegram for a follow-up of the market throughout the day.

For any question, our team will be happy to answer you on our support which is open 7/7 days.

For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.

Subscribe to our newsletter and receive 10 Free Crypto Tutorials over 10 weeks!

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy.