2 6

Market Analysis of October 08, 2019

The marketcap has been moving up (+4.34%) since yesterday. The total capitalization is 222 997 125 401 USD.

Bitcoin totals 148 569 846 216 USD of capitalization for a dominance of 66.60%. Ethereum’s marketcap is 19 656 042 031 USD, followed by Ripple with 12 028 898 760 USD.

Market Sentiment


Bitcoin Analysis

Bitcoin closed with a bullish movement (+4.41%), and is trading around $8219. It still continues to consolidate between $8,300 and $7,700. The Monthly Open is performing its role of resistance well and the weekly seems to be a support.

The daily technical situation is rather negative. Indeed, the MACD and WaveTrends are down despite signs of recovery, and the CCI is horizontal.

Over a time horizon of 4 hours, the technical situation is rather positive. MACD and WaveTrends are on the rise while CCI is on the decline.

What to do about it?

The BTC continues its evolution in range, today it seems that the BTC can come and test the Weekly Open.

  • The supports of the day are at 7700$ — 7400$
  • The resistances of the day are at 8500$ — 9250$

Ethereum Analysis

ETH closed on a bullish trend as well (+6.2%) and is currently evolving towards $180.40. The Monthly Open is also a resistance.

The daily technical situation is rather positive. WaveTrends crossed up and up, CCI is slightly up and MACD is showing signs of recovery.

Over a time horizon of 4 hours, the technical situation is also rather positive. The MACD and WaveTrends are on the rise but the CCI is on the decline.

What to do about it?

ETH seems to be evolving in range, if the Monthly performs its resistance role well, we can hope for a test of the Weekly as a support.

  • The supports of the day are at 169$ — 162$
  • The resistances of the day are at 181.35$ — 189$


BTC and ETH are still in consolidation leaving the other more interesting corners to trade still for the moment but be careful in case of breakage. Place your alarms correctly.

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


7 thoughts on “Market Analysis of October 08, 2019”

  1. Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.

  2. Nice post. I used to be checking continuously this blog and I’m inspired! Very helpful information particularly the closing phase 🙂 I take care of such information a lot. I used to be looking for this particular information for a long time. Thank you and good luck.

  3. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  4. I’m not positive where you’re getting your info, but great topic.
    I needs to spend a while finding out more or understanding
    more. Thanks for excellent information I was searching for this info for my mission.

  5. a course in miracles

    After all, what a great site and informative posts, I will upload inbound link – bookmark this web site? Regards, Reader.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: