Market Analysis of October 28, 2019

2 20

The marketcap has been moving up (+1.48%) since yesterday. The total capitalization is 248 443 796 011 USD.

Bitcoin totals 168 372 573 517 USD of capitalization for a dominance of 67.90%. Ethereum’s marketcap is 19 743 877 553 USD, followed by Ripple with 12 787 829 971 USD.

Bitcoin Analysis

The Bitcoin closed up and is currently trading around 9400$, after a dazzling rise this week-end. The daily technical situation is rather positive. The MACD and WaveTrends are up but the CCI has gone down.

Over a time horizon of 4 hours, the technical situation is complex and rather negative. The WaveTrends crossed downward and shows downward curves. The CCI is down and the MACD is also showing signs of decline.

What to do about it?

The BTC is consolidating around $9400 but shows bearish signs, so be prepared accordingly.

  • The supports of the day are at 9200$ — 8300$
  • The resistances of the day are at 9600$ — 10700$

Ethereum Analysis

eth 20

ETH closed with a bullish movement and is trading around $183.55.

The daily technical situation is rather positive. MACD and WaveTrends are on the rise while CCI is on the decline.

Over a time horizon of 4 hours, the technical situation is rather negative and complex as for the BTC. WaveTrends crossed downward, MACD shows signs of downward curvature and CCI is slightly downward.

What to do about it?

ETH consolidates but displays bearish signs, such as BTC.

  • The supports of the day are at 179$ — 161$
  • The resistances of the day are at 192$ — 202$

Conclusion

BTC and ETH consolidate and can be bearish, they are to be monitored.

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.

Leave a Comment

Your email address will not be published.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

Scroll to Top