11.03.2020 Update (Tue)

$13,563

-1.51%

BTC

$383.3

-3.42%

ETH

$0.2354

-1.96%

XRP

$53.90

-3.14%

LTC

$257.7

-3.93%

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. After PayPal announced its acceptance of cryptocurrency, the adoption rate will rise in the near future, contributing to the BTC long term bullish trend. As we mentioned last week, we hit the resistance zone of 13.5 – 14k. However, the margin market is still on the neutral to the bearish side. Keep an eye for the potential long squeeze. $200 CME gap from $13.5k has been filled this week. The focus is still now buying dips and not missing the larger up run.

Short-term Outlook

The ever changing battlefields on the hourly time frames

BTC

Neutral to bullish

The sentiment is now on the bearish side, this is a bullish sign. TA speaking, RSI has upcrossed the MAs and held. MACD upcrossed from the negative side, indicating bullish signals. $200 CME gap from $13.5k has been filled and this could be a re-entry point.

ETH

neutral to bullish

Sentiment tends to be bullish. TA speaking, RSI began to upcross the MAs. MACD is expected to upcross from the negative side, indicating bullish signals.

XRP

Neutral to bullish

Sentiment kind of mixed. RSI began to upcross the MAs. MACD has upcrossed from the negative side and given bullish divergence, indicating bullish signals. More confirmations are needed for a long entry. (1D chart)

LTC

Neutral

Sentiment kind of mixed. TA speaking, RSI began to upcross the MAs. MACD is expected to upcross from the negative side, indicating potential bullish trends. Wait for bearish sentiment for bull entry.

 

BCH

Neutral to bullish

Sentiment tends to be bullish. RSI began to upcross the MAs. MACD has upcrossed from the negative side and given bullish divergence, indicating bullish signals.

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