2 8

Market Analysis of October 10, 2019

The marketcap has been moving up (+3.35%) since yesterday. The total capitalization is 231 588 745 782 USD.

Bitcoin totals 154 846 877 260 USD of capitalization for a dominance of 66.80%. Ethereum’s marketcap is 20 813 733 213 USD, followed by Ripple with 11 912 145 954 USD.

Market Sentiment


Bitcoin Analysis

Bitcoin closed with a bullish movement (+4.98%) and is currently trading at around $8600. The Monthly Open is no longer a resistance but has probably become a support.

The daily technical situation is positive. Indeed, all indicators are on the rise.

On a 4-hour horizon, the technical situation remains rather positive. The MACD and WaveTrends are on the rise but the CCI shows a downward divergence.

What to do about it?

The BTC has moved up well but still continues its evolution in range, we advise you to be attentive to its evolution and to be careful because we are entering a difficult trading area, close to 8700.

  • The supports of the day are at 8300$ — 7800$
  • The resistances of the day are at 8900$ — 9250$

Ethereum Analysis

ETH closed up (+6.97%) and is currently trading at around $191.15.

The daily technical situation is positive. All three indicators are on the rise as for the BTC, despite a CCI at the edge of the horizontal.

On the other hand, over a time horizon of 4 hours, the technical situation is rather negative. The MACD is up with signs of curvatures, the CCI is down and the WaveTrends has crossed down.

What to do about it?

ETH continues its evolution in the range and is likely to decrease today. The time divergence in the indicators and its position at the top of the range indicates that this scenario is possible.

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


BTC and ETH both broke their resistance which was their Monthly Open, a small drop or consolidation is possible today.

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.