Market Analysis of March 18th

The marketcap has been moving up (5.76%) since yesterday. The total capitalization is 1 801 616 510 777 USD.

Bitcoin totals 1 092 596 173 896 USD of capitalization for a dominance of 60.9%. Ethereum’s marketcap is 209 433 617 528 USD, followed by Cardano with 46 615 180 539 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $58500.

The daily technical situation is still rather negative and but is now positive in 4h.

What to do about it?

 The best thing to do is to wait for a better entry point. Ideally BTC tag above 60k first and then we can open a position on retest of the 58k.

  • The supports of the day are at 53000$ — 58000$
  • The resistance of the day is at 60000$

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Ethereum Analysis

This is the same story for ETH, trading around $1816 at the time of writting these lines.

The daily technical situation is rather negative and is positive 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 1750$ — 1800$
  • The resistance of the day is at 1930$

Conclusion

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


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