Market Analysis of September 11, 2019



The marketcap has been moving down (-0.02%) since yesterday. The total capitalization is 259 752 767 578 USD.

Bitcoin totals 180 900 066 331 USD of capitalization for a dominance of 69.64%.

Ethereum’s marketcap is 19 291 421 358 USD, followed by Ripple with 11 084 217 1714 USD.

[/vc_column_text][vc_empty_space][vc_single_image image=”2880″ img_size=”full” alignment=”center” title=”Market sentiment”][vc_column_text]




The previous day’s closing confirms a downward trend, putting an end to the uncertainty of the previous doji-shaped closing. The Bitcoin is around $10,050 and the daily technical situation is negative.

WaveTrends and CCI have already given their sales signals since yesterday, while the MACD is still very close to crossing downward.
On a 4-hour horizon, the situation remains negative also with the bearish indicators nevertheless we can see signs of recovery on the CCI and WaveTrends.

What to do about it?

We recommend waiting for a return to the monthly opening level or a break in the resistance before positioning yourself.

  • The supports of the day are at 10000$ – 9800$
  • The resistances of the day are at 10400$ – 10700$



ETH closed by transforming the inverted hammer into a new doji, leaving room for uncertainty. The closing remains under the weekly open and ETH is around $178.
The daily situation remains rather positive unlike the BTC. However, the CCI is bearish, the WaveTrends and the MACD show signs of curvature.
On a 4-hour horizon, the indicators are all bearish. As a result, a return to the monthly open is always possible, but caution is advised as long as the different time horizons do not converge.
We will therefore wait for a return on support or a resistance break before positioning.

  • The supports of the day are at 172.1$ – 165$
  • The resistances of the day are at 185$ – 195$



We advise you to wait for a return on support or resistance breakage for BTC and ETH.

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.

See you tomorrow for a new market analysis!


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.