Market Analysis of November 15, 2019

Days Analysis 6

The marketcap has been moving down (-0.50%) since yesterday. The total capitalization is 237 634 188 712 USD.

Bitcoin totals 156 581 168 728 USD of capitalization for a dominance of 65.90%. Ethereum’s marketcap is 19 966 186 383 USD, followed by Ripple with 11 583 521 860 USD.

Market Sentiment

Capture d’écran 2019 11 15 à 09.56.29
HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin, after bouncing back to around $8,750 today, is trading back to its opening level of $8630.

BTC is still evolving below its monthly and weekly opening levels and the daily technical situation remains negative for the moment. Over a shorter time horizon, we see that technical indicators are starting to turn up.

A test of the weekly open after a break in the downward shrinkage bevel is therefore not to be ruled out.

How to benefit from it?

We advise you to wait for the breakage of the latter AND the retracement before positioning yourself! If no pullback, we move on to the next opportunity!

  • The supports of the day are at 8600$ — 8300$
  • The resistances of the day are at 9150$ — 9300$

Ethereum Analysis

eth 8

The situation is a little different for ETH, which is currently evolving between its weekly open and monthly open. The latter acts as a support while the daily technical situation remains negative.

As for the BTC, the 4h situation shows signs of potential increase.

We recommend waiting for a break in the weekly open before positioning yourself.

  • The supports of the day are at 182$ — 170$
  • The resistances of the day are at 188$ — 193$

Conclusion

The daily technical situation is negative for ETH and BTC, so we recommend to wait for a breakage and retracement of the resistance zones before proceeding to purchase

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Your email address will not be published.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