Market Analysis of April 30, 2020

The marketcap has been moving up (+12.29%) since yesterday. The total capitalization is 256 768 641 203 USD.

Bitcoin totals 168 716 428 158 USD of capitalization for a dominance of 65.80%. Ethereum’s marketcap is 24 291 863 960 USD, followed by Ripple with 9 988 037 245 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed higher, trading around $8780.

The daily technical situation is positive and remains rather positive in 4 hours despite the WaveTrends crossing down.

What to do about it?

The BTC climbed up to 9500 before falling back to its current level. The 8500 level has become a support. Be patient and wait for a retest to place you.

  • The supports of the day are at 8500$ — 8200$
  • The resistances of the day are at 9000$ — 9500$

Ethereum Analysis

ETH closed higher and is now trading around $224 after hitting $227.6 and falling below its resistance of $217.

The daily technical situation is positive and remains rather positive in 4 hours despite a WaveTrends that just crossed lower.

What to do?

The $210 support seems to be holding and there are not enough bearish signs to throw a short. However there are not enough bullish signs to throw a long either.

  • The supports of the day are at 210$ — 200$
  • The resistances of the day are at 217$ — 227.6$

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.

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


Butler Bot


VIP Plans


Dashboard

Leave a Comment

Your email address will not be published.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