Days Analysis 4

Market Analysis of January 9, 2020

The marketcap has been moving down (-4.06%) since yesterday. The total capitalization is 210 193 877 349 USD.

Bitcoin totals 144 386 822 427 USD of capitalization for a dominance of 68.7%. Ethereum’s marketcap is 15 268 248 986 USD, followed by Ripple with 8 982 541 820 USD.

Bitcoin Analysis

After 5 consecutive up sessions, Bitcoin finally closed the previous session down.

The daily technical situation, although still positive, is starting to show signs of weakness, while on a 4 hour horizon, the latter is already negative.

BTC 4
What to do about it?

We will wait for a return to the 7800 before reassessing the situation.

Ethereum Analysis

ETH 4

In line with the BTC, ETH was rejected below $148 and is currently trading around $138.

The daily technical situation is showing serious signs of weakness while the technical indicators for the 4-hour horizon have already given a sell signal.

What to do?

Wait for a return to support for a long position, wait for a pullback on an old resistance for a short position.

Conclusion

It is necessary to wait for a return on support before positioning. at the purchase. Short to short term position possible on pullback.

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