The marketcap has been moving down (-0.04%) since yesterday. The total capitalization is 225 792 334 268 USD.
Bitcoin totals 150 069 503 854 USD of capitalization for a dominance of 66.50%. Ethereum’s marketcap is 19 915 338 700 USD, followed by Ripple with 12 531 985 546 USD.
The Bitcoin closed up, it currently stands at $8305. It remains around the Monthly Open and Weekly, close to 8299.5$ while remaining slightly above it.
The daily technical situation is rather positive but the CCI is down and the WaveTrends shows downward curves. The MACD is on the rise. There is no signal distinct enough.
On a 4-hour horizon, the technical situation is negative. The 3 indicators are down, the WaveTrends even crossed down but the MACD shows signs of recovery. There is no temporal convergence.
What to do about it?
The BTC is very unstable at the moment, which makes it difficult to trade.
- The supports of the day are at 8250$ — 7800$
- The resistances of the day are at 8500$ — 9300$
ETH closed up and operates in a bullish channel around $183, just above its Weekly and Monthly Open (respectively at $181.25 and $181.35).
The daily technical situation is rather positive. The MACD is up but shows signs of downward curvature, the CCI is down, and the WaveTrends has crossed up but also shows signs of downward curvature. The technical situation is not clear.
Over a time horizon of 4 hours, the technical situation is negative, the WaveTrends crossed downwards, the CCI is down and the MACD is horizontal showing slight signs of recovery. No temporal convergence.
What to do about it?
ETH is rather unstable for the moment as well, but the common role that the Weekly Open and Monthly Open seem to have taken is the support role. Maybe we can expect a rebound on the support.
- The supports of the day are at 181$ — 164$
- The resistances of the day are at 196$ — 206$
BTC and ETH are quite unstable at the moment, if you are a prudent trader, you should be interested in other corners or be patient.
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