Crypto Academy

Oct 14: ETH: As shared last time, ETH is forming bullish head and shoulder and breakout $3700 will push price towards $4000-$4400 in coming days.  But this jump seems can be due to BTC. If BTC pump we will see same impact on ETH too in USDT pair. But Eth-BTC pair also indicate that eth growth rate will be slow than BTC if BTC pump hard.  But same time don't forget market psychology that eth pump hard once BTC stable at higher price.                                                        Be careful with Low/mid cap alts too if BTC pump hard. We all know that ALTS struggle if BTC pump hard in short term. But Pump in BTC always good for market and all mid/low cap coin jump hard once BTC stable. Must Apply Money/Portfolio management if you are alts trader. Dont sell them in big loss. Alts can try your patience but you will win the race if you apply a strategy for your fav alts for next six month .

Oct 14 #Bitcoin: BTC price is moving in a range $53k-58k. We saw cup and handle pattern breakout at $53k on oct 6 and BTC is trading above this zone from last 8 days. After $53k breakout BTC formed new trend and indicate that it can jump hard in next 3 month. Last 5 month chart also indicate that whales accumulate BTC from retail traders.  In last 7 days btc formed a upward channel and breakout above 58k will push price towards 60k-65k in quick time. $53k is work as strong support and indicate that  trader like to buy this zone. As per past trends and chart formation , BTC can pump hard with high volatility in coming months. In last 5 month BTC digest all fud including Big China BAN and trading above 5 month high.  We can see that BTC bullish for next 3 month as per trend and bulls will not loose control in this quarter.