10.1.2020 Update (Thu)
$10,779
-0.56%
BTC
$359.9
-0.01%
ETH
$0.2419
-0.33%
XRP
$46.26
+1.25%
LTC
$227.9
-0.45%
BCH
Long-term Outlook
The big picture on the daily time frames
BTC
Bullish
BTC remains in a bullish trend with the active seller group still selling in profit, which means buying the dips will still be the priority. As mentioned in the weekly outlook, we are in fairly complex Elliot Wave count territory. As a result, a must have entry requirement for longing the current situation is overly bearish short-term sentiment. The zones I’m interested in are 10k and 10.5k for now.
Short-term Outlook
The ever changing battlefields on the hourly time frames
BTC
NEutrAL
BTC for the short-term is range bound between 10.8k and 10.68k. If we find support at 10.8k, BTC will likely rise to 11-11.3k. If we falls below the 10.68k level, the supports are at 10.45k, 10.3k, 10k respectively. Which support level to long at? When both the 60min and 15min RSI shows bullish divergences at one of the levels.
ETH
NEutrAL
Similar to yesterday’s analysis. Sentiment neutral to bullish across exchanges. 4hr RSI about to reject either MA or the key 60 lvl. Hourly RSI & MACD also loosing strength. Zone of long interest 0.23-0.234.
XRP
NEutrAL to bearish
Similar to yesterday’s analysis. Sentiment mixed across exchanges. 4hr RSI about to reject either MA or the key 60 lvl. 4hr MACD down crossed on the positive side. Hourly RSI & MACD also loosing strength. Zone of long interest 0.23-0.234.
LTC
NEutrAL
Sentiment neutral. Technicals similar to ETH.
BCH
NEUTRAL to bearish
Sentiment neutral to bullish across exchanges, which is a bearish sign. 4hr RSI now failing the MAs. Short-term support at 220.
