Market Analysis of May 05, 2020

The marketcap has been Moving up (+2.99%) since yesterday. The total capitalization is 250 451 387 874 USD.

Bitcoin totals 165 158 256 103 USD of capitalization for a dominance of 66.00%. Ethereum’s marketcap is 23 171 859 534 USD, followed by Ripple with 9 677 522 306 USD.

Market Sentiment

Bitcoin Analysis

The BTC closed lower and has already taken 2% today and is trading around $9072.

The daily technical situation is still rather positive even though the WaveTrends has crossed lower. It remains rather positive in 4 hours.

What to do about it?

If the BTC manages to break the $9200 level we can consider a long, another scenario and wait for a retest of $8500 to launch one.

Ethereum Analysis

ETH closed lower, trading around $204.

The daily technical situation is rather positive with signs of bearish curvature and becomes rather negative in 4 hours.

What to do?

If the $200 level holds, a long may be launched.

Conclusion

The daily technical situation rather positive for ETH and BTC.

 

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.

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.