Market Analysis of May 13, 2020

The marketcap has been moving up (1.39%) since yesterday. The total capitalization is 243 193 462 938 USD.

Bitcoin totals 163 461 568 909 USD of capitalization for a dominance of 67.20%. Ethereum’s marketcap is 21 065 403 135 USD, followed by Ripple with 8 709 758 857 USD.

Bitcoin Analysis

Bitcoin closed higher and is trading around $8925, its dominance remains high.

The daily technical situation is negative but becomes positive in 4 hours.

What to do about it?

The situation of the BTC is rather uncertain, it would be more prudent to wait for a return to around $8500 to launch a long.

Ethereum Analysis

ETH closed higher and is trading around $190.

The daily technical situation is negative but becomes positive in 4 hours.

What to do?

ETH remains below its $192 resistance which seems to be holding up well and is consolidating. The situation is too uncertain for the moment, it is better to stay away.

Conclusion

The daily technical situation is negative for ETH and BTC but positive in 4h.

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