Market analysis 280619 1

Market analysis of June 28, 2019



The marketcap has been moving down (-5.35%) since yesterday. The total capitalization is 332.215.213.332 USD.

Bitcoin totals 206.989.456.714 USD of capitalization for a dominance of 62.30%.

Ethereum’s marketcap is 32.564.004.036 USD, followed by Ripple with 17.738.452.758 USD.

[/vc_column_text][vc_empty_space][vc_single_image image=”2081″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]




After the 8 consecutive sessions of increase, the BTC corrected during the previous session by scoring a low point at $10,300 before closing at $11,053. Currently at $11860, the daily technical situation remains negative with a sales signal given by WaveTrends and CCI.

Market analysis of June 28, 2019 - 4C Trading

On a 4-hour horizon, however, the technical situation is much better with signs of imminent bullish crossings on the MACD and WaveTrends.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not yet in position, wait for a $12,000 break or a return to the $1,100 support before reassessing the situation.

  • The supports of the day are at 11200$ – 10800$
  • The resistances of the day are at 12000$ – 12500$



Market analysis of June 28, 2019 - 4C Trading

The evolution of the BTC and ETH is often linked, so the daily technical situation of the Ethereum also shows signs of decline.
It can be seen that the decline in BTC has led to the fall of ETH. At the moment, ETH seems to have found its support in the former resistance of the channel at $288. So we have a kind of pullback that has taken place.
This is quite healthy for the market. It should also be noted that we have been in the presence of a large oblique support since April 25, 2019.

What to do about it?

The easiest way is to play the break/bounce on the oblique support.

  • The supports of the day are at 287$ – 277$
  • The resistances of the day are at 320$ – 335$



BTC: Bitcoin is just under significant resistance. We advise you to wait for a return to the support or a breakage of this resistance before positioning yourself.
ETH : Ethereum is being retraced. We advise you to wait for a return on the oblique support before positioning yourself.

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.