2 4 1

Market analysis of June 21, 2019



Market capitalization has increased (+3.58%) since yesterday. Total capitalization is USD 299,270,068,555.
Bitcoin has a total capitalization of USD 172,791,843,257 for a dominance of 57.70%. Ethereum’s market capitalization is USD 30,395,166,867, followed by Ripple with USD 18,625,332,550.[/vc_column_text][vc_empty_space][vc_single_image image=”1985″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]




The Bitcoin finally broke its resistance zone between 9350$ and 9400$ during the previous session. BTC is currently trading at $9721 with a daily technical situation that has improved. Indeed, the MACD, WaveTrends and CCI, which had shown signs of curvature in previous sessions, are now on the rise again.

Market analysis of June 21, 2019 - 4C Trading
On a 4-hour horizon, the technical situation remains positive even if the WaveTrends and the CCI are already in their oversold zone.

If we analyze the volumes, we can however notice that they are less important than during the bullish impulse from $6000. This could be a sign of a bullish slowdown and could therefore lead to a correction phase.

What to do about it?

A return on the $9,400 is possible, which is why we advise you to take part of your profit if you are still in position and place a stop-loss above your purchase price for the rest. If you are not yet in position, we advise you to wait for a retracement or a break of the $10,000 before opening a long position

  • The supports of the day are at 9400-8800$
  • The resistance of the day is at 9750$ – 10000$



Market analysis of June 21, 2019 - 4C TradingETH is located in a critical area. The next few hours will be decisive. At present ETH is located in a large channel with a resistance of $289 and a support of $231. Last night the resistance of the $289 was touched, it should be noted that this also corresponds to an important old oblique support (dotted light blue line), which therefore acted as a resistance.
In case of rejection of the $289, ETH could trace back to $268.50, which corresponds to a high volume area according to the VPVR and also an important support area.

What to do about it?

If you are in a position, place your stop-loss above your purchase price and take a portion of your profits. If you are not yet in position, wait for the $268 and play the break or bounce.

  • The supports of the day are at $268 – $253
  • The resistance of the day is at $289 – $300



Bitcoin and Ethereum are under significant resistance.
What to do about it?
BTC: Wait for the $10,000 to be returned on support or broken before positioning
ETH: play the support of $268 (rebound/breakout)
Note: breaks must be accompanied by a high volume, otherwise it could indicate false breaks whose sole purpose is to trap traders!

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!


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.