BTC/USD

Bitcoin is still digesting the month-long rally that began in late July and ended last week. Fibonacci level around the 50k psychological price. Short-term resistance is also showing at the two other levels identified at 49,437 and 48,192. With support holding around the Fibonacci level at 46,857, which is the 50% marker of the Jan to April major move.

SUPPORT AND RESISTANCE (Down⬇️)
S1 - 28600 (Strong)
S2 - 19666 (Moderate)
S3 - 12473 (Moderate)
R1 - 36623 (Weak)
R2 - 41341 (Weak)
R3 - 44665 (Weak)

PIVOT POINTS
S3 - 45728.07
S2 - 46335.37
S1 - 46554.03
P - 46942.67
R1 - 47161.33
R2 - 47549.97
R3 - 48157.27

ETH/USD

Ethereum shows strong development within a breakout to a three month high. Ethereum had been in a range for almost three full weeks, with resistance establishing around the 3,300 marker. We are used to the fact that whatever happens in Bitcoin is the same in Ethereum but now things are different. Ether (ETH) just moved ahead of Bitcoin and went on to hit a new high today. While Bitcoin is still strong but showing some bearish signals.

SUPPORT AND RESISTANCE (Down⬇️)
S1 - 1700 (Weak)
S2 - 1293 (Moderate)
S3 - 911 (Moderate)
R1 - 2410 (Weak)
R2 - 2915 (Weak)
R3 - 3281 (Weak)

PIVOT POINTS
S3 - 3309
S2 - 3361.14
S1 - 3380.55
P - 3413.28
R1 - 3432.69
R2 - 3465.42
R3 - 3517.56

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The information above does not constitute investment advice, financial advice, trading advice, or any sort of advice. I'm not a financial advisor nor an expert in such, so make sure you always do your own research first before investing. Happy Trading, Earning, Playing and Learning everyone!

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