9.19.2020 Update (Sat)
$10,937
-0.06%
BTC
$384.6
-1.24%
ETH
$0.2507
-0.63%
XRP
$48.55
-0.68%
LTC
$234
+0.46%
BCH
Long-term Outlook
The big picture on the daily time frames
BTC
Bullish
BTC remains in a bullish trend, and we just rose slightly from the dip zone. The key to watch out for is the SOPR trend. At this point, if BTC drops below 10k, the trend will likely switch to bearish, which will completely alter the current strategies. Before then, enjoy the dips in bull runs! Daily RSI and MACD also look bullish.
Short-term Outlook
The ever changing battlefields on the hourly time frames
BTC
Neutral
Sentiment now mixed across exchanges. 4hr technicals now giving bearish signs, while the daily being bullish. A short-term drop before resuming the upward momentum is likely at this point.
ETH
Neutral TO BULLISH
Sentiment getting to the bearish bias across exchanges. Technicals on the daily looks bullish, the hourly also looks like there’s a potential push to $390 soon.
XRP
Neutral
XRP sentiments are mixed with a slight bullish bias across exchanges. However, not much money’s in the game, so the chance of a long squeeze is low.
LTC
Neutral
Sentiments on their way to overly bearish. Open interest at optimal level. Maybe worth a long scalp 12-20 hours later.
BCH
NEUTRAL
Sentiment slightly bullish on Bitmex, Bitfinex, and FTX, bearish on Huobi. I would wait for Bitmex and Huobi/FTX to get more of a bullish bias to short this.
