10.21.2020 Update (Wed)

$11,923

+1.39%

BTC

$368.8

-2.78%

ETH

$0.2434

-0.98%

XRP

$46.95

-2.21%

LTC

$240.9

-3.61%

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. As mentioned in the weekly outlook, we think there are still upward potential for BTC this week. Sentiment is still too bearish for the bull trend to be over.

Short-term Outlook

The ever changing battlefields on the hourly time frames

BTC

NEutrAL

Sentiment is now on the bearish side, this is a bullish sign. However, technical speaking, we potentially have a finished 5th Elliot wave. With 11.9k being a key resistance level, we may need some time to consolidate. 11.7k would be good dip buying level at this point.

ETH

NEutrAL to bullish

Sentiment now bearish, which is a bullish sign. Upward potential today especially after BTC’s recent rise.

XRP

neutral

Sentiment mixed. Not conclusive.

LTC

NEutrAL to bullish

Sentiment bearish -> bullish sign. Likely follow ETH today.

BCH

NEUTRAL TO bullish

Sentiment bearish, which is a bullish sign. Technicals gaining strength.  

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