10.21.2020 Update (Wed)

$12,987

+1.40%

BTC

$414.7

+5.92%

ETH

$0.2576

+2.43%

XRP

$54.44

+2.47%

LTC

$268.5

+3.70%

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. Do not short.

Short-term Outlook

The ever changing battlefields on the hourly time frames

BTC

neutral to bullish

Sentiment is now on the bearish side, this is a bullish sign. Yes, market is still bearish on BTC. Let’s ride until the bias switches.  

ETH

NEutrAL to bullish

Given BTC’s strong lead, all alts are likely going to follow.

XRP

neutral to bullish

Given BTC’s strong lead, all alts are likely going to follow.

LTC

NEutrAL to bullish

Given BTC’s strong lead, all alts are likely going to follow.

BCH

NEUTRAL TO bullish

Given BTC’s strong lead, all alts are likely going to follow.

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