Crypto Market Outlook, 13th September

Last week saw a pretty hefty pullback in the crypto markets, BTCUSD closing down -11.07%, and ETHUSD -13.80%. This downward trend seems to be continuing as we come into the new week.

 

BTCUSD

 

Heavy sellers are entering the market, managing to break through the 44100 swing low and thick layer of Bids.

 

Large Bids are forming at 41500. Offers are light above.

 

 

ETHUSD

 

 

The second largest crypto pair by market cap is also seeing heavy sellers enter the market. So far they have traded just shy of large Bids at 3100, but they look to be vulnerable.

 

The are about 1.5x the size of Bids at the lower 3000 price level. Offers on this pair are also light.

 

 

Receive updates about new articles

Follow us on social media

📢50% OFF Global Plus!

👉One month of the best trading package at half-price for the same price.

👉Get access to some of the best addons in the business, including DOM Pro, Multibook Customizer, and Execution Pro

👉Get it now!
https://t.co/nMgtxD9ayI

#bmbluejacket winner Rob Davies shows his trades on the ES (S&P 500) based on a stop run above the VWAP (Volume-Weighted Average Price) within the context of his volume profile analysis.

For more Insights: https://t.co/OvJZUYizRr

No morning stream today. Charles will be appearing on the @bookmap_pro youtube page and discord at 10AM.

See you there, me hearties!

https://t.co/Tb0fP0UY6R