Crypto Market Outlook, 26th October

BTCUSD suffered a minor retracement after breaking all time highs last week, the pair closing down -1.10%. Whereas ETHUSD closed up +6.17%, it didn’t really break the all time high decisively. This week sees the uptrend continuing, and those respective highs will be the big questions.

 

BTCUSD

 

 

Offers are waiting at $65,000 and are also forming at $66,000, $1k below the latest all time high.

 

Bids are reappearing at $60,000 after being fully consumed by aggressive sellers one day ago, but lacking the momentum to follow through and sell lower. More bids at $59,000, larger at $58,000.

 

ETHUSD

 

 

Offers are at $4,300, very large around $4,400 (ATHs) and $4,500.

 

Bids are light at $4,000, $3,950, $3,900, but very large and layered from $3,800 to just under $3,850, which is also the swing low of the spike down after initially making all time highs on most exchanges.

 

 

 

 

Receive updates about new articles

Follow us on social media

NEW TRADING LESSON https://t.co/bx9YAD8lYC

Explaining how to trade reversals and bounces, how professional traders use @bookmap_pro and the main features of this software

Pls put a like, comment and share
#trading #bookmap

Bookmap showing a large area of liquidity at 61400 on Binance Futures #BTCUSDT.

Check it out for yourself, download Bookmap for free: https://t.co/jNHGUceJRN

See market liquidity on #Bitcoin across different crypto exchanges.

If you’re looking for a place to kick back and discuss order flow with like-minded traders, check out our chat room - https://t.co/SxrfuR0wQn

There’s a busy #futures area where traders provide real-time insight into #ES_F and #NQ_F.

Join us for the Friday afternoon session!