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

Subscribe to our newsletter and receive 10 Free Crypto Tutorials over 10 weeks!

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy.