BTCUSD

The daily chart shows that the outlook of the BTCUSD price hasn’t change since my last analysis; it is still suppressed by the downtrend line. It is therefore still at a level where shorting is recommended with a SL at 6840, a half TP at 6000, and the second TP at 5700.

ETHUSD

There is an uptrend in the ETHUSD 4H chart, as shown in the picture below. This uptrend is, however, very likely a correction of the downtrend that started at the beginning of September and is not likely to continue. As such, while the uptrend may extend up to 280, it will likely hit the resistance in that area; shorting is therefore still advised with a SL at 300 and TP at 186.

Alternatively, if the price falls below the low of September 25 go short with a SL at 225 and TP at 186.

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