Market Analysis of May 27, 2020

The marketcap has been moving up (+0.59%) since yesterday. The total capitalization is 250 470 988 914USD.

Bitcoin totals 164 160 518 700 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 22 723 433 840 USD, followed by Ripple with 8 797 719 808 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed lower in a doji shape indicating indecision in the market and is trading around $9128 after testing $9200 which is a good entry for a short.

The daily technical situation is negative but positive in 4 hours. This also marks the indecision of the market.

What to do about it?

If you haven’t entered short yet, waiting for a retest of the $9,200 would be more prudent. Don’t forget your stop loss and good trading!

  • The supports of the day are at 8700$ — 8500$
  • The resistances of the day are at 9200$ — 9500$

Ethereum Analysis

ETH closed lower, trading around $206. There hasn’t been much change since yesterday.

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

What can we do about it?

ETH has rebounded around $197 to finish at $206. If the $207 level holds, we can hope for a test of the $192 support.

  • The supports of the day are at 192$ — 185$
  • The resistances of the day are at 207$ — 217$

Conclusion

The daily technical situation is negative for ETH and BTC but positive on a shorter horizon

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.