BTC/JPY - weekly Analytics + Altcoins 26.10.2020
The fate of further movements in the Bitcoin depends on the formation of technical models at current price levels.
In case of consolidation and price walking up and down, the growing trend will continue.
In case of the formation of downward impulse movement there will be a possibility of significant drawdown of quotations, this is facilitated by the technical picture.
Investor sentiment is also at optimistic levels, it indicates near correction.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
As there is no certainty about further movements in the bitcoin, there are no potential entry points in the altcoins.
In case of consolidation and price walking up and down, the growing trend will continue.
In case of the formation of downward impulse movement there will be a possibility of significant drawdown of quotations, this is facilitated by the technical picture.
Investor sentiment is also at optimistic levels, it indicates near correction.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
As there is no certainty about further movements in the bitcoin, there are no potential entry points in the altcoins.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.