Bitcoin & Ethereum: Market review for Monday, October 03

Little, if any, change in the medium and short term for the crypto market. The detail in video with the analysis of Bitcoin, Ethereum and the dollar.


Middle term : close below the Fibo rationacci, which opens the door for a larger retracement if this week does not offer a bounce. To note RSI divergences and MACD moving average crossovers which support the theory of a technical rebound, up to the weekly Tenkan as a 1st objective.

Short term : No change. Still stuck under daily tenkan and above short-term support at $18,822. An exit from this range will return to the daily Kijun and at the same time to the daily cloud.


Long term (monthly) : the support of $1207 avoids a return to the monthly SSBlocated at $785. The MACD remains shortbearish situation maintained.

Middle term : Confirmation that the support for $1207 works in the medium term. The bullish scenario would be a return to the weekly Tenkanhere too, $1627. The bearish scenario would be a return to the zone of $994medium-term support. Neutral situation.

Short term : if breakage of $1326 at candle close, Possible technical rebound towards $1500, represented by the flat of SSB and daily Kijun


Middle term : Trend maintained, return to the Tenkan possible if the short term continues to deteriorate.

The signal will be given by breaking the Daily Kijun which will give the top at a retracement towards 109.74 points.

In summary

Cryptos therefore remain trendless. While equity markets trigger a technical rebound. Note the worrying situation of Credit Suisse which sees the positions of Credit Default Swap on the rise after rumors of illiquidity of the Swiss bank.

A major market rebound will also be possible when the bond situation is less tense.

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