Market Analysis of February 17th

The marketcap has been Moving up (1.97%) since yesterday. The total capitalization is 1 533 681 288 321 USD.

Bitcoin totals 958 128 174 977 USD of capitalization for a dominance of 62.3%. Ethereum’s marketcap is 208 005 264 122 USD, followed by Tether with 32 451 961 355 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $51200.

The daily technical situation is rather neutral and is positive in 4 hours.

What to do about it?

 The best thing to do is to wait for a better entry point. On retracement, most likely around $40000

  • The supports of the day are at 40000$ — 45000$

Risk-free no credit card required
Start today with a free 7-day
trial!

Ethereum Analysis

This is the same story for ETH, trading around $1810 at the time of writing these lines.

The daily technical situation is rather negative and is now positive in 4 hours.

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 1650$ — 1700$

Conclusion

We have to wait for a better entry point 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 pricing page.

Risk-free no credit card required
Start today with a free 7-day
trial!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to ensure you get the best experience on our website.