Market overview 17.4.| BTC + ETH TA
2 min readTable of Contents
Bitcoin bounced off yesterday and added up to $ 660 (+ 10.47%). ETH + 9%
Welcome to our market overview today.
In today’s market overview, we look at the biggest jumpers and losers, and more specifically look at the Ethereum and Bitcoin charts. Yesterday Bitcoin got above $ 7,000 and showed a 10.47% pump.
Check last Market Overview here
Cryptocurrency market currently has a total market value of $ 201 billion. The decline from high in 2020 is $ 105 billion and bitcoin dominance declines to 63.9%.
The best growth yesterday was:
Komodo (KMD) $0,626891 USD (35,11%)
ABBC Coin (ABBC) $0,113135 USD (16,55%)
DigiByte (DGB) $0,005842 USD (13,51%)
Ren (REN) $0,054386 USD (8,88%)
Zcash (ZEC) $38,74 USD (9,17%)
The biggest drop was recorded:
Swipe (SXP) $0,615673 USD (-4,25%)
Insolar (XNS) $0,949507 USD (-3,95%)
HedgeTrade (HEDG) $1,70 USD (-2,02%)
Enjin Coin (ENJ) $0,094486 USD (-1,45%)
All data is provided from coinmarketcap.com
World markets overview yeterday
SP500: 0,05 %. NASDAQ: 1,13 %. GOLD: -0,10 %. DOW J.: -0,56 %
[BTC / USD] In 2020 to present value: -1,72%
Perfect morning for the bulls when they saw Bitcoin grow at 10.47% in the pump. This growth was important for Bitcoin to continue on the bullish channel. Yesterday we moved to $ 6,600 and Bitcoin had to bounce up. In the latest market review, we predicted it, and it was less than 24 hours. If Bitcoin wants to grow further, it will have to break the resistance at 7,300 and then 7,700 USD. The chart below shows a daily chart.
Looking at the chart below, we see this bullish channel that could theoretically lead Bitcoin to Halving for $ 9,000. But the Bulls will still have to protect the $ 7,000 resistance, which we achieved.
[ETH / USD] In 2020 to present value: +33.5%
From the top capitalization attracts Ethereum, which added more than 9% growth yesterday. Of the top 5 altcoins, this is the most. Its growth for 2020 is in 33% appreciation. At the moment we are seeing growth within the channel, as is the case with Bitcoin. For such a growing channel, the bulls will still be bullish until they break the support line of the channel.
Is still up to date to have a LONG with a stop loss on the support line and move it a little higher each day along this line. The closest resistance is at 192 USD. We currently see support at $ 142.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $6 718,96 USD (4,38%)
Ethereum (ETH) $156,08 USD (9,31%)
XRP (XRP) $0,183875 USD (2,38%)
Current price
[crypto coins=”BTC,ETH” columns=”2″]
