The marketcap has been moving down (-3.64%) since yesterday. The total capitalization is 251 210 716 345 USD.
Bitcoin totals 160 756 425 120 USD of capitalization for a dominance of 64.00%. Ethereum’s marketcap is 25 213 009 712 USD, followed by Ripple with 10 404 645 229 USD.
Bitcoin closed down (-5.76%) and is evolving around $8800 as announced in the previous analysis.
The daily technical situation is still negative and still no sign of bullish recovery. The technical situation is becoming rather positive with the WaveTrends which has just crossed higher.
What to do about it?
We could have a rebound back to the old support of $9300, but a test of $8500 is also possible. As usual, be prepared for several scenarios.
- The supports of the day are at 8700$ — 8500$
- The resistances of the day are at 9100$ — 9300$
ETH closed lower (-9.19%) at around $224.
The daily technical situation is negative, but as for the BTC, the technical situation becomes rather positive over a 4 hour time horizon with the WaveTrends which has just crossed on the upside.
What to do?
ETH seems to be bouncing back to the $217 level, a support or resistance test would be useful before taking position.
- The supports of the day are at 217$ — 179.8$
- The resistances of the day are at 250$ — 276$
The daily technical situation is negative for ETH and BTC.
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