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Market Analysis of April 15, 2020

The marketcap has been moving down (-0.47%) since yesterday. The total capitalization is 195 872 677 403 USD.

Bitcoin totals 125 573 984 838 USD of capitalization for a dominance of 64.10%. Ethereum’s marketcap is 17 533 943 810 USD, followed by Ripple with 8 241 114 212 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed higher in a doji shape showing the uncertainty in the market and is trading around $6846.

The daily technical situation is negative and remains rather negative in 4 hours.

What to do about it?

There are no bullish signs at the moment. We are hoping for a small drop and a test of the support.

  • The supports of the day are at 6500$ — 6100$
  • The resistances of the day are at 7000$ — 7500$

Ethereum Analysis

ETH closed higher in doji form, indicating indecision in the market and is trading around $159.

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

What to do?

ETH is consolidating and above a support, a test of it would be interesting before positioning.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is negative for ETH and BTC.

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Market Analysis of April 10, 2020

The marketcap has been moving down (-5.48%) since yesterday. The total capitalization is 198 066 113 627 USD.

Bitcoin totals 127 180 828 629 USD of capitalization for a dominance of 64.20%. Ethereum’s marketcap is 17 583 134 731 USD, followed by Ripple with 8 372 140 587 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed lower, trading around $6900.

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

What to do about it?

The BTC is encountering oblique support, there could be a small rebound but the scenario seems bearish today.

  • The supports of the day are at 6500$ — 6100$
  • The resistances of the day are at 7000$ — 7500$

Ethereum Analysis

ETH closed lower and is trading around $158.

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

What can we do about it?

The 154.7 support is holding up well, we can expect a small rebound.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is positive for ETH and BTC.

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Market Analysis of April 09, 2020

The marketcap has been moving up (+0.7%) since yesterday. The total capitalization is 209 545 505 170 USD.

Bitcoin totals 133 851 399 401 USD of capitalization for a dominance of 63.90%. Ethereum’s marketcap is 19 035 152 195 USD, followed by Ripple with 8 775 011 956 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed higher, trading around $7318, with the $7,400 resistance holding up for a second time.

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

What to do about it?

The BTC is consolidating and below its $7,400 resistance, better to watch for the moment.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7500$ — 7700$

Ethereum Analysis

ETH closed higher and is trading around $171.

The daily technical situation is positive and shows bearish signs in 4 hours.

What can we do about it?

The situation is quite uncertain and ETH is below its $174 resistance. It would be preferable to wait for a retest before taking position.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is positive for ETH and BTC.

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Market Analysis of April 08, 2020

The marketcap has been moving down (-0.38%) since yesterday. The total capitalization is 208 092 363 114 USD.

Bitcoin totals 133 478 299 302 USD of capitalization for a dominance of 64.10%. Ethereum’s marketcap is 18 693 287 987 USD, followed by Ripple with 8 740 307 605 US

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed lower, trading around $7300.

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

What to do about it?

There’s no big change with yesterday’s situation, you have to be patient and attentive. The BTC is consolidating.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7500$ — 7700$

Ethereum Analysis

ETH closed lower and is currently trading around $169.55.

The daily technical situation is still positive as well but with signs of a bearish curve in 4 hours.

What can be done?

ETH is consolidating as well. The prudent trader will wait for a support or resistance test.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is positive for ETH and BTC but with sign of bearish curve.

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Market Analysis of April 07, 2020

The marketcap has been moving up (+6.14%) since yesterday. The total capitalization is 208 885 580 939 USD.

Bitcoin totals 134 236 616 087 USD of capitalization for a dominance of 64.30%. Ethereum’s marketcap is 19 055 889 048 USD, followed by Ripple with 8 805 871 665 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed higher, trading around $7364.

The daily technical situation is positive and remains positive in 4 hours but with the WaveTrends about to cross lower.

What to do about it?

BTC has stalled against the 7500 and the technical situation is still uncertain, we must wait for a retest of support or resistance and position ourselves according to the reaction.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7500$ — 7900$

Ethereum Analysis

ETH closed higher (+20.05%) and is currently trading around $172.

The daily technical situation is also still positive and remains rather positive in 4 hours despite a WaveTrends which has just crossed lower.

What can be done?

ETH has ricocheted off its $177 resistance and is stagnating around 172, below a weak resistance at $174. We can expect a small correction but the situation remains quite uncertain.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation remains positive for ETH and BTC but could be about to change.

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Market Analysis of April 06, 2020

The marketcap has been moving down (3.31%) since yesterday. The total capitalization is 196 799 005 946 USD.

Bitcoin totals 128 521 123 289 USD of capitalization for a dominance of 65.40%. Ethereum’s marketcap is 16 521 484 298 USD, followed by Ripple with 8 120 044 055 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed lower but rallied today and is trading around $7092.

The daily technical situation is positive and the rest in 4 hours.

What to do about it?

BTC is stagnating just above $7000, former resistance zone. We have to wait for a confirmation of the transformation of this zone into support before launching a long one.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7400$ — 7900$

Ethereum Analysis

ETH closed lower but is also moving back up around $150.

The daily technical situation is positive and remains positive in 4 hours as the BTC.

What to do?

We can hope for a test of its resistance at the $154.7 level.

  • The supports of the day are at 146.4$ — 124.25$
  • The resistances of the day are at 154.7$ — 174$

Conclusion

The daily technical situation is still positive for ETH and BTC.

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Market Analysis of April 03, 2020

The marketcap has been moving up (+3.55%) since yesterday. The total capitalization is 193 189 459 693 USD.

Bitcoin totals 126 715 529 091 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 15 964 970 847 USD, followed by Ripple with 7 940 722 350 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed higher, trading around $6,924.

The daily technical situation is positive and the rest in 4 hours.

What to do about it?

The BTC is below resistance and we have to wait for a new test of $7000.

  • The supports of the day are at 6500$ — 6300$
  • The resistances of the day are at 7000$ — 7400$

Ethereum Analysis

ETH closed higher and is trading around $144.

The daily technical situation is positive and remains positive in 4 hours.

What can we do about it?

ETH is below its $146.4 resistance and it is not recommended to trade in this situation. We have to wait for a test and see the reaction.

  • The supports of the day are at 124.25$ — 116$
  • The resistances of the day are at 146.4$ — 154.7$

Conclusion

The daily technical situation is still positive for ETH and BTC.

You can join us on Telegram for a follow-up of the market throughout the day.

For any question, our team will be happy to answer you on our support which is open 7/7 days.

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Market Analysis of April 02, 2020

The marketcap has been moving down (+4.59%) since yesterday. The total capitalization is 186 564 981 372 USD.

Bitcoin totals 121 874 660 276 USD of capitalization for a dominance of 65.30%. Ethereum’s marketcap is 15 244 451 626 USD, followed by Ripple with 7 788 537 400 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed higher without testing the $6,900 resistance.

The daily technical situation is positive and remains positive in 4 hours.

What to do about it?

We can hope for a test of the $6500 and in case of a rebound, a long with a target of $6800-6900 can be launched.

  • The supports of the day are at 6500$ — 6300$
  • The resistances of the day are at 6900$ — 7400$

Ethereum Analysis

ETH closed higher as well, trading around $137.

The daily technical situation is positive and remains positive in 4 hours.

What can we do about it?

For the cautious trader, ETH is in full range and therefore it is necessary to wait for a support or resistance test before positioning.

  • The supports of the day are at 124.25$ — 116$
  • The resistances of the day are at 146.4$ — 154.7$

Conclusion

The daily technical situation is positive for ETH and BTC.

You can join us on Telegram for a follow-up of the market throughout the day.

For any question, our team will be happy to answer you on our support which is open 7/7 days.

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Market Analysis of April 01, 2020

The marketcap has been moving down (-1.7%) since yesterday. The total capitalization is 178 363 242 009 USD.

Bitcoin totals 115 726 123 166 USD of capitalization for a dominance of 64.90%. Ethereum’s marketcap is 14 617 021 790 USD, followed by Ripple with 7 561 534 377 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The daily technical situation remains positive for the moment but the technical indicators on the 4-hour horizon have given a sales signal. Moreover, the BTC has still not printed a higher high, on the contrary!

What to do about it?

For the moment the BTC is in the middle of its range so nothing immediate. We are currently above a support zone between 6250 and 6290, if the latter breaks we can open a short position to aim for a return to the 6000 zone.

  • The supports of the day are at 6300$ — 5900$
  • The resistances of the day are at 6900$ — 7400$

Ethereum Analysis

The situation is similar for Ethereum, which currently trades just above a small liquidity zone between 129.5 and 130.5, which we do not count as a major support.

If this zone is broken, a short position could be opened on pullback.

  • The supports of the day are at 124.25$ — 116$
  • The resistances of the day are at 146.4$ — 154.7$

Conclusion

Both BTC and ETH are unable to register new high points, therefore after breaking their support zone, we will open a short position.

You can join us on Telegram for a follow-up of the market throughout the day.

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Market Analysis of March 31, 2020

The marketcap has been moving up (+3.59%) since yesterday. The total capitalization is 188 492 092 847 USD.

Bitcoin totals 118 531 619 540 USD of capitalization for a dominance of 65.30%. Ethereum’s marketcap is 14 673 685 222 USD, followed by Ripple with 7 611 775 739 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

After having reached a high point around 6650, the BTC has fallen slightly and now stands at 6460 in a context of a technical situation 4h and daily again positive

Does that mean we’re buying?

No, a little more patience, we will only open a long position if the 6900 breaks. A break of this level would indeed mark a higher high and validate a bullish reversal structure.

  • The supports of the day are at 6300$ — 5900$
  • The resistances of the day are at 6900$ — 7400$

Ethereum Analysis

The same goes for the Ethereum, we have a suite of higher lows, which is obviously quite positive. However, we don’t have a higher high yet because ETH seems to evolve in a kind of symmetrical triangle.

We will therefore wait for ETH to break its resistance zone between 146.4 and 154.7 before opening a buy position.

  • The supports of the day are at 124.25$ — 116$
  • The resistances of the day are at 146.4$ — 154.7$

Conclusion

BTC and ETH under a zone of high resistance. We will await the reaction as these levels approach. A rejection would be synonymous with future short opportunities, which we will be sure to share with you!

You can join us on Telegram for a follow-up of the market throughout the day.

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