9.22.2020 Update (Tue)
$10,417
-4.61%
BTC
$340.1
-8.25%
ETH
$0.2312
-6.21%
XRP
$43.13
-8.41%
LTC
$212
-6.17%
BCH
Long-term Outlook
The big picture on the daily time frames
BTC
Bullish
BTC remains in a bullish trend, and SOPR gave out another “decr. in supply” alert with the BTC drop in the past few hours. These are great R:R zones for longs. 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! The zone for accumulation is now around 10.3k.
Short-term Outlook
The ever changing battlefields on the hourly time frames
BTC
Neutral TO BULLISH
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
Mixed sentiment across exchanges. Open interest just started to pick up.
XRP
Neutral
XRP sentiments are getting bearish across exchanges. However, the bias is not significant enough yet. If the hourly RSI bullish divergence plays out, we could attempt 0.24.
LTC
Neutral TO BULLISH
Bearish sentiments across exchanges. Worth a long scalp today once the 1hr chart finish developing RSI bullish divergence.
BCH
NEUTRAL
Sentiments do not have significant bias yet across exchanges.
