Margin Analytics 26.09.2020 btc/usdt Yesterday, customers he | Your Crypto Boss

Margin Analytics 26.09.2020
btc/usdt

Yesterday, customers held on to support at $10,0566, but failed to break through $10,800. Another sidewall is formed on the watch TF in the range of 10560 - 10780$:

https://www.tradingview.com/x/1n6NU2cP/.

The altcoin market has reacted very positively to the consolidation of btc above $10,500, indicating continued local growth in most coins. Therefore, as long as the Bitcoin is in the sidewall, continued growth of alts to the nearest 'strong' resistance levels is now seen as the main scenario.

As for the main crypto currency, the situation has clearly changed in the short term. On the daytime TF from September 24th, there was a sharp outburst of price similar to the impulse, which suggests a possible continuation of growth in the range of 11400-11600$ after the end of the sidewall:

https://www.tradingview.com/x/jzaIl7tV/.

Cancellation of this scenario will occur if the price is set below $10,200.

As long as there is such a "saw cut" in the range, it's impossible to predict further movement with a high accuracy, additional factors (dollar index and stock market) are superimposed on the chart. The question of continuing to grow further in the medium term through a deeper correction or without it is therefore still open.

Once again, I expect confirmation signals after leaving the sideways and reaction to the levels of 11400-11600$ in case the current local growth scenario is worked out:

https://www.tradingview.com/x/PhtwyvVl/.

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