Market Analysis of August 26, 2019

2 4 1

[vc_row][vc_column][vc_column_text]

Marketcap

The marketcap has been moving up (+1.98%) since yesterday. The total capitalization is 26.9 91.1 87.0 60 USD.

Bitcoin totals 185 .840 .248. 780 USD of capitalization for a dominance of 68.90%.

Ethereum’s marketcap is 20 .517 .052 .130 USD, followed by Ripple with 11 .694 .143. 670 USD.[/vc_column_text][vc_empty_space][vc_single_image image=”2703″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]

HOW TO READ THE MARKET SENTIMENT ?

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Bitcoin

The Bitcoin has been evolving for several sessions around its monthly opening level and started this week with a high point at $10,650.

 

The daily technical situation is starting to show positive signs with a WaveTrends that has crossed the upside like the CCI. The MACD has still not crossed but shows signs of bullish curvature.

The technical situation over a 4-hour horizon is positive with purchase signals given on all indicators.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not yet in position, wait for a confirmed break in the $10400$-10500 zone or a return on support before positioning yourself.

  • The supports of the day are at 10096$ – 9800$
  • The resistances of the day are at 10400$ – 10800$

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Ethereum

ETH’s daily technical situation is quite similar to Bitcoin with purchase signals on the CCI and WaveTrends and a MACD that is about to cross.

On a 4-hour horizon, the technical situation is also positive.

What to do about it?

If you are in position, place your stop-loss above your purchase price, otherwise wait for a break of the $200 level or a return on support before positioning yourself.

  • The supports of the day are at 190$ – 180$
  • The resistances of the day are at 194.75$ – 200$

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Conclusion

We advise you to wait for a resistance break or a return on support for BTC and ETH before positioning yourself.


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.

For any information about our subscriptions, please visit our website or contact @butler_4c_bot directly to get all the information you need.

See you tomorrow for a new market analysis!

[/vc_column_text][/vc_column][/vc_row]

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top