Days Analysis 1

Market Analysis of November 07, 2019

The marketcap has been moving down (-0.69%) since yesterday. The total capitalization is 249 781 192 035 USD.

Bitcoin totals 166,873,228,877 USD of capitalization for a dominance of 66.80%. Ethereum’s marketcap is 20 443 174 072 USD, followed by Ripple with 12 810 678 088 USD.

Market Sentiment


Bitcoin Analysis

The weakness seen the day before was well felt. A reduction in price until the Weekly Open at $9205.

Despite a nice rebound on the Weekly Open, it is not said that the price will not test this level again in order to go even lower. The technical situation is still negative, the indicators are decreasing in different timeframes.

What to do about it?

If you are out of your positions, for the moment it is best to be patient. Nothing is certain at the moment. If you are still in position, place your stop loss at the $9200 level because if the price goes back to that level, there is a good chance it will go lower.

  • The supports of the day are at 9000$ — 8600$
  • The resistances of the day are at 9400$ — 9800$

Ethereum Analysis

The weakness felt good on ETH also dropping the price to $186.70. Indicators are also declining and a close below $188 could mean a return to $182. In the short term, we could also see a ETE, if it is confirmed, then the return of the old media is very likely.

What to do about it?

For the moment, it is not advisable to return to the position.
If you are already in position, place your stop at the 186.70 level to secure your profits.

  • The supports of the day are at 182$ — 173$
  • The resistances of the day are at 193$ — 202$


BTC and ETH have risen close to their resistance, wait for a break or a return on support.

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


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.