2 18

Market Analysis of October 24, 2019

The marketcap has been moving down (-5.93%) since yesterday. The total capitalization is 204 331 525 991 USD.

Bitcoin totals 134 856 404 284 USD of capitalization for a dominance of 66.00%. Ethereum’s marketcap is 17 512 665 190 USD, followed by Ripple with 11 773 965 760 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin closed with a downward movement of -6.87% and is currently trading at around $7424.

The daily technical situation is rather negative, the MACD and WaveTrends are down. However, the ICC is on the rise.

Over a time horizon of 4 hours, the technical situation is identical but the WaveTrends shows signs of recovery.

What to do about it?

The BTC has dropped below $7800 and is consolidating for the moment. We advise you to wait to see the amplitude of the new range being formed.

  • The supports of the day are at 7300$ — 6700$
  • The resistances of the day are at 7500$ — 7800$

Ethereum Analysis

ETH closed down for the 3rd day in a row and is trading at around $160. The daily technical situation is also rather negative, WaveTrends and MACD are on the decline while the CCI shows a slight recovery.

Over a time horizon of 4 hours, the technical situation remains rather negative but the CCI is bullish and the WaveTrends shows signs of recovery.

What to do about it?

ETH consolidates after falling the day before, we advise you to wait to see the amplitude of the range being formed.

  • The supports of the day are at 158$ — 152$
  • The resistances of the day are at 163$ — 168$

Conclusion

Alts can be more interesting and less risky to trade at the moment.

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

3 thoughts on “Market Analysis of October 24, 2019”

  1. Thank you for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more clear from this post. I am very glad to see such magnificent information being shared freely out there.

  2. Hey very nice web site!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…I am happy to find numerous useful info here in the post, we need develop more techniques in this regard, thanks for sharing. . . . . .

  3. My wife and i got lucky that Michael managed to deal with his researching through the ideas he was given out of your web site. It is now and again perplexing just to possibly be giving freely tactics that many some other people have been trying to sell. And we also know we have the blog owner to be grateful to for that. Those explanations you have made, the easy web site menu, the friendships you will assist to instill – it is many overwhelming, and it’s really assisting our son and us know that the subject is thrilling, and that is truly essential. Thank you for everything!

Leave a Comment

Your email address will not be published. Required fields are marked *