analysis 010719 1

Market analysis of July 1, 2019

[vc_row][vc_column][vc_column_text]

Marketcap

The marketcap has been moving up (+0.30%) since yesterday. The total capitalization is 321.210.138.721 USD.

Bitcoin totals 197.631.229.738 USD of capitalization for a dominance of 61.4%.

Ethereum’s marketcap is 31.755.758.674 USD, followed by Ripple with 17.465.234.465 USD.

[/vc_column_text][vc_empty_space][vc_single_image image=”2097″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]

HOW TO READ THE MARKET SENTIMENT ?

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Bitcoin

This weekend, we saw some big movements on the BTC. After reaching the low point at the $11,300 level, the BTC rose to a high point at the $12,447 level. After this top, the BTC dropped to a low point at a price of $10606.

Since May 12, an important line is the BTC, which represents a high level of support and resistance. We can see that this line was once again tested when it fell to around $10606. As long as this oblique support is maintained, we can still see the BTC reach high points.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not in position yet, wait for a $11700 breakage. If the price starts to fall, we advise you to wait for the price reaction to lower supports ($10,400 – $9400 – $8800)

  • The supports of the day are at 10400$ – 9400$
  • The resistances of the day are at 11700$ – 12400$

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Ethereum

ETH remains strongly correlated to BTC. So like the BTC, ETH has returned to a low point at the $285 level.
Currently, ETH is at $298 under the resistance of $300.
A confirmation of a breach of the $300 level would be a bullish sign for ETH.

  • The supports of the day are at 280$ – 262$
  • The resistances of the day are at 300$ – 320$

[/vc_column_text][vc_empty_space][vc_separator][vc_empty_space][vc_column_text]

Conclusion

BTC: Bitcoin has bounced off its oblique support. We recommend that you wait for a return to the support or a break in the $11,700 resistance.
ETH: Ethereum is under his $300 resistance. We advise you to wait for a return on the support or a breakage of the $300 resistance.


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!

[/vc_column_text][/vc_column][/vc_row]

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.