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.
