Market Analysis of June 18, 2020

The marketcap has been moving down (-0.67%) since yesterday. The total capitalization is 267 601 264 814 USD.

Bitcoin totals 173 755 491 028 USD of capitalization for a dominance of 64.9%. Ethereum’s marketcap is 26 027 555 464 USD, followed by Tether with 9 190 369 990 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

Bitcoin closed lower and is trading around $9430 below its Monthly Open. There is still no trend, Bitcoin is moving in a row.

The daily technical situation is negative but remains positive in 4 hours.

What to do about it?

After testing the 9600 as  we told yesterday, we  went down to the 9200 and then back up to the 9400. The $9800-9900 is still the best entry point for shorts.

  • The supports of the day are at 9400$ — 9000$
  • The resistances of the day are at 10000$ — 10500$

Ethereum Analysis

ETH closed lower as well and is trading around $233, still above $230.

The daily technical situation is negative but still remains positive in 4 hours.

What can I do?

We still have to be patient and wait for a better point of entry. The situation is uncertain today.

  • The supports of the day are at 230$ — 217$
  • The resistances of the day are at 253$ — 270$

Conclusion

The daily technical situation is still negative for ETH and BTC but bullish on the short term

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.