Market Analysis of February 19th

The marketcap has been Moving up (2.96%) since yesterday. The total capitalization is 1 625 155 991 143 USD.

Bitcoin totals 981 149 844 176 USD of capitalization for a dominance of 60.9%. Ethereum’s marketcap is 221 528 050 827 USD, followed by BNB with 40 874 481 044 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $52500.

The daily technical situation is rather positive and remains rather 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 50000$ — 51700$
  • The resistance of the day is at 53000$

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Ethereum Analysis

This is the same story for ETH, trading around $1930 at the time of writting these lines.

The daily technical situation is rather positive and is neutral 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 1870$ — 1900$
  • The resistance of the day is at 2000$

Conclusion

We have to wait for a better entry point for ETH and BTC.


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