Days Analysis 2

Market Analysis of December 4, 2019

The marketcap has been moving down (-0.84%) since yesterday. The total capitalization is 195 450 719 252 USD.

Bitcoin totals 130 425 479 854 USD of capitalization for a dominance of 66.6%. Ethereum’s marketcap is 15 908 098 023 USD, followed by Ripple with 9 245 389 418 USD.

Market Sentiment


Bitcoin Analysis

The price dropped to the bottom of the liquidity range, reaching a low of $7085.

Currently the price is bouncing back and trying to break the $7200. However, there is still some liquidity around $7,000 that could allow a better rebound if the $7,200 is not broken.

From a technical point of view, the indicators are starting to show signs of a bullish turnaround in the medium term, so it is possible to expect a positive reaction in the coming hours/days.



What to do about it?

Wait and see!

  • The supports of the day are at 7000$ — 6800$
  • The resistances of the day are at 7800$ — 8000$

Ethereum Analysis

The old resistance of the inverse head and shoulders reacts well as a support for the moment and it seems that a new test has been carried out on this new support.

From a technical point of view, the situation is the same as for the BTC, the indicators are beginning to show signs of reversal in the medium term.

  • The supports of the day are at 143$ — 140$
  • The resistances of the day are at 146$ — 157$


Wait and see if BTC and ETH are bullish, then place your stop loss

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


Leave a Reply

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