Market analysis of April 15, 2019

Market analysis of April 15, 2019


Marketcap


The marketcap has been moving up (+1.73% ) since yesterday. The total capitalization is 176.457.056.073 USD.

Bitcoin totals 91.360 .149 .767 USD of capitalization for a dominance of 51.8% .

Ethereum's marketcap is 17 .706 .119. 070 USD , followed by Ripple with 13 .740. 014. 444 USD of market capitalization.


Market sentiment


How to read the Market Sentiment ?


Bitcoin


A few hours ago, we were able to see the BTC go up and reach a high point at the 5192$ level. The movement that pushed the BTC upwards is not a significant movement, we can see that the volume is decreasing.


What is the current situation?


With the retracement of Fibonacci, we can see that the BTC has reached a resistance without really breaking it and that since April 3, a range is emerging between a support at around 5000$ and a resistance at around 5150$.


What to do about it?


If the BTC succeeds in breaking the resistance, we will be able to see the BTC go back to the following resistances (5250$ - 5500$). However, the price could go back to around 5120$. However, a significant movement of the BTC can only come with an increase in volume.


The supports of the day are located at 5120$ - 5000$

The resistances of the day are to 5200$ - 5350$


Ethereum



In the last few hours, we have seen a positive evolution of ETH, allowing it to break the resistance of the 0.382 of Fibonacci. However, the $170 resistance has not yet been broken, which could push ETH down.


The supports of the day are located at 166$ - 162$

The resistances of the day are to 170$ - 174$


Conclusion


As you can see from this analysis; the short-term resistance has been broken for Bitcoin and it could be used as a support in the coming hours.

We advise you to take a position on the BTC if the 38.2% Fibonacci resistance is broken. If the price falls, it is better to wait for important entry points before investing again -> 5000$ - 4900$ - 4700$.



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 @CryptoAddictsButlerBot directly to get all the information you need.


See you tomorrow for a new market analysis !

© 2019 Crypto-Addicts. All rights reserved.

Solfin Consulting SPRL - BE 0711.667.521
Rue de l'ancienne Gare, 2B. 1380 Lasne

RESOURCES

ABOUT

CONNECT

  • Noir Icône Instagram
  • Noir LinkedIn Icône
  • 1_F6SrJR7_s95r6oCF3ugMZw copieblack
  • 9d6878ac8b copie black
  • Noir Facebook Icône
  • Noir Twitter Icon
  • Noir Icône YouTube