9.24.2020 Update (Thu)
$10,235
-2.81%
BTC
$320.6
-6.86%
ETH
$0.2215
-4.98%
XRP
$42.92
-3.57%
LTC
$208
-5.68%
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. 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! We are in the golden zone for accumulation.
Short-term Outlook
The ever changing battlefields on the hourly time frames
BTC
bullish
Sentiment neutral to bearish -> bullish sign. Technicals looking bullish for the short-term. 5 sub-waves likely over. RSI bullish divergence on 4hr and 1hr.
ETH
Neutral TO Bullish
Sentiment neutral to slight bearish across exchanges. Technicals at key support. RSI & MACD similar to BTC.
XRP
bullish
XRP sentiments bearish across exchanges. Technicals similar to BTC.
LTC
Neutral to bullish
Sentiment neutral to slight bearish across exchanges. Technicals at key support. RSI & MACD similar to BTC.
BCH
NEUTRAL to bullish
Sentiment neutral to slight bearish across exchanges. Technicals at key support. RSI & MACD similar to BTC.
