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! Bookmap’s DOM Pro includes several special features tailored precisely for the professional DOM trader, for CGQ and Rithmic data only, works with new Execution Pro too! Both included with Global+
https://t.co/7mD803qwaJ

#Bookmap #orderflow #trading #scalping

New! Bookmap’s Execution Pro unlocks powerful features allowing traders to execute trades with both speed and precision. Free with Global+
https://t.co/hivFlFiUH6

#Bookmap #orderflow #trading #scalping

Algos, support/resistance, and liquidations as explained by @CryptoLifer33

https://t.co/X089qgyagA

#orderflow #trading