2 8 1

Market Analysis of August 30, 2019



The marketcap has been moving up (+0.69%) since yesterday. The total capitalization is 246 467 701 686 USD.

Bitcoin totals 170 152 067 333 USD of capitalization for a dominance of 69.00%

Ethereum’s marketcap is 18 106 928 070 USD, followed by Ripple with 10 927 952 421 USD.

[/vc_column_text][vc_empty_space][vc_single_image image=”2754″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]




For Bitcoin, the market is consolidating. The decline for the time being cannot be considered as over. We need more signs of consolidation.

On the graph, we can see that we are still in a large downward channel. The Bitcoin stopped its fall on the support area announced yesterday (light blue rectangle).

What happens next?

A fall to $9250 is quite possible. In case of breakage of the latter with large volume, the $8500 will not take you long to arrive. A rise to $10080, could take place but as a re-test of an old support that has now become resistance.

  • The supports of the day are at 9250$ – 9060$
  • The resistances of the day are at 9350$ – 10088$



Ethereum follows the Bitcoin down the slope, it is in a downhill bevel configuration. The resistance of this bevel will therefore be carefully monitored.
In case of breakage, the $188 then the $195 are targets to keep in mind. If the buying force does not show up, we could reach $160 which is an area of great support.
A bounce on top with a broken down bevel is a scenario to be anticipated. In the event of a new market dump, it is the 141.35 that will save the day.

  • The supports of the day are at 160$ – 141.35$
  • The resistances of the day are at 188$ – 195$



Bitcoin: wait for a stabilization, potential re-test on the $10000 zone to play. In case of lack of buying power, the 9060 shorts are preferred as an objective.
Ethereum: breakage of the descending bevel to play. A rebound on the $160 area then upward break is a possible scenario.
Note: don’t forget your stop-loss, the market is still looking for each other, the stabilization is not over!

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!


1 thought on “Market Analysis of August 30, 2019”

  1. What i don’t realize is actually how you are not actually much more well-liked than you may be right now. You’re very intelligent. You realize thus significantly relating to this subject, made me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs outstanding. Always maintain it up!

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: