2 7 1

Market Analysis of August 29, 2019



The marketcap has been moving down (-7.28%) since yesterday. The total capitalization is 244 762 269 339 USD.

Bitcoin totals 168 971 618 213 USD of capitalization for a dominance of 69.00%.

Ethereum’s marketcap is 18 129 478 545 USD, followed by Ripple with 10 782 525 258 USD.

[/vc_column_text][vc_empty_space][vc_single_image image=”2745″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]




What can I say? We expected an impulsive movement after this period of consolidation around the monthly opening, it is done.

The daily technical situation is totally negative and no signs of reversal are visible. The situation is similar on a 4-hour horizon, although there are signs of bullish curves on the WaveTrends.

What to do about it?

We are waiting for a stabilization, it is too dangerous to open a position on current price levels.

  • The supports of the day are at 9300$ – 9060$
  • The resistances of the day are at 9500$ – 10096$



Same opinion as for the Bitcoin, a negative daily technical situation without any sign of reversal. The ETH still evolves in a downward bevelled configuration with an oblique support around $150.
On a 4-hour horizon, the indicators were oversold but there are signs of reversals on the WaveTrends and the CCI.

What to do about it?

As with the BTC, we will wait for a stabilization before opening a position.

  • The supports of the day are at 165$ – 145$
  • The resistances of the day are at 188$ – 194.75$



We advise you to wait for a stabilization 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!


3 thoughts on “Market Analysis of August 29, 2019”

  1. I’ve recently started a web site, the information you offer on this web site has helped me tremendously. Thank you for all of your time & work. “If you would know strength and patience, welcome the company of trees.” by Hal Borland.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to ensure you get the best experience on our website.

%d bloggers like this: