Market Analysis of March 15th

The marketcap has been Moving down (-5.13%) since yesterday. The total capitalization is 1 707 184 080 768 USD.

Bitcoin totals 1 044 780 753 688 USD of capitalization for a dominance of 60.9%. Ethereum’s marketcap is 203 004 504 617 USD, followed by Binance Coin with 39 160 170 107 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed lower, trading around $56000.

The daily technical situation is still rather positive and is negative 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 $50000

  • The supports of the day are at 50000$ — 55000$
  • The resistance of the day is at 59000$

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Ethereum Analysis

This is the same story for ETH, trading around $1765 at the time of writting these lines.

The daily technical situation is also rather positive and is negative 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 1650$ — 1750$
  • The resistance of the day is at 1800$

Conclusion

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


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