Bitcoin & Ethereum – Market Review Monday October 10th

For today’s video, little change from the previous week, the crypto market remains largely in the same position as before.

Bitcoin analysis

The Fibonacci ratio and the weekly Tenkan are always the two main targets to hope for a technical recovery. So a resistance set at $21,600 for this Tenkan.

The short-term trend line will be the target that will trigger a real recovery, in fact it has always blocked prices since June. If it breaks, hoping for a return to $22,000 followed by $25,000 in extension. The support of $18,800 is still valid and still supports the prices.

Ether Analysis:

The prices are fixed and are based on Fibonacci ratio at $1,207. A little movement. There is a lack of fundamental news to boost the Ethereum market.

You have to break Daily Tenkan with honesty to hope to return to the daily Kijun on $1,500. Consider $994 as the next support if $1,207 yield. The situation therefore stands still.

Dollar analysis:

Very clean uptrend. Tenkan plays the role of support wonderfully. First signal of weakness breaking it, at $109.

The daily Kijun remains the target to break, this one didn’t yield anything last week! No doubt about the trend.

Price analysis in the US:

The trend is still bullish, return to last week’s high, watch out if resistance gives way, prices are free to rise again! Continues with publication of inflation figures in the US on Wednesday and Thursday.


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