Bitcoin & Ethereum – Market Review Monday, October 24

Bitcoin & Ethereum – Market Review Monday, October 24

Video analysis of technical changes for Bitcoin and Ethereum. Zoom in on the resistance and support areas that are offered at the prices.

Bitcoin Analysis – Medium Term

No change, candle still flat and the Tenkan remains the current resistance. The medium-term support, at $18,900 still stands. Despite a new breakout attempt at the end of last week.

Bitcoin Analysis – Short Term

New attempt to break the daily kijun, watch out for today’s close and upcoming macroeconomic figures. If the breakout is confirmed, Bitcoin can easily reach the bottom of the cloud, coupled with the descending trendline.

Ethereum Analysis – Medium Term

There too little change. Candles are flat. And the Tenkan acts as resistance at $1,500. Much like Bitcoin, volatility is at rock bottom.

Ethereum Analysis – Short Term

The daily kijun is broken, suggesting a return to the bottom of the cloud. The Lagging Span is free on the upside, too. In the event of a cloud break, the $1,500 will be the next target with Kijun long flat and descending trendline.

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