Days Analysis 1

Market Analysis of January 3, 2020

The marketcap has been moving up (2.38%) since yesterday. The total capitalization is 194 953 234 564 USD.

Bitcoin totals 133 394 928 064 USD of capitalization for a dominance of 68.4%. Ethereum’s marketcap is 14 460 577 983 USD, followed by Ripple with 8 380 613 934 USD.

Bitcoin Analysis

The BTC closed higher and is currently trading around $7,295.

The daily technical situation is rather positive.

Over a 4 hour time horizon, the technical situation is even more positive with a buy signal from WaveTrends.

BTC 1
What to do about it?

We have to wait and see if the BTC closes above $7400 before going long.

Ethereum Analysis

ETH 1

ETH also closed higher, trading around $132.

The daily technical situation is positive.

Over a 4 hour time horizon, the situation remains positive and we also have a buy signal from WaveTrends.

What can we do?

If we close above $134 we can expect to see $140 again.

Conclusion

We still have to wait for the fence before positioning ourselves.

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1 thought on “Market Analysis of January 3, 2020”

  1. Janita Schwendinger

    Very well written post. It will be beneficial to anybody who usess it, including myself. Keep up the good work – i will definitely read more posts.

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