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Market analysis of June 25, 2019

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Marketcap

The marketcap has been moving up (+1.46%) since yesterday. The total capitalization is 336.557.217.135 USD.

Bitcoin totals 201.666.727.380 USD of capitalization for a dominance of 59.90%.

Ethereum’s marketcap is 33.405.611.293 USD, followed by Ripple with 19.921.721.284 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

The Bitcoin remains firmly bullish at the beginning of this session with already more than 2.5% gain at the time of writing these lines. The technical situation remains positive, of course, even if the CCI and WaveTrends are operating in their overbought area..

Over a 4-hour horizon, the technical indicators are overbought but nevertheless remain bullish.

What to do about it?

If you are in a position, we recommend placing a stop-loss above your purchase price. If you are not yet in position, we recommend waiting for a $11700 break before positioning yourself for the purchase.

  • The supports of the day are at 10000$ – 9450$
  • The resistances of the day are at 11700$ – 12500$

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Ethereum

  • ETH is still evolving above its support at $300, around $314. ETH is getting closer to its $320 resistance.
  • As with the BTC, ETH’s daily technical situation is rather positive with a CCI and a WaveTrends operating in overbought territory.
  • On a 4-hour horizon, the technical indicators have just given a buy signal from their overbought territory.

What to do about it?

If you are already in position, place your stop-loss above your purchase price. If you are not yet in position, wait until the $320 break before positioning yourself for the purchase.

  • The supports of the day are at 300$ – 280$
  • The resistances of the day are at 320$ – 335$

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Conclusion

BTC and ETH are in ranges.
We advises you to wait for a return on the supports or a confirmation of resistance breakage.


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See you tomorrow for a new market analysis!

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