Bitcoin Chart Analysis (Click on image to enlarge)
BTC/USD 15-Minute Chart (Source: )In the trading session on October 3, 2024, Bitcoin showed an upside rally in a 15-minute time frame, eventually facing rejection at the $69,600 level.Currently looking at trends on higher time frames (daily time), Bitcoin is in a , and the price is taking a pause on a higher level, hence creating swings. Looking at Bitcoin in a 15 min time frame, we can see price is currently moving in a tight zone, creating a sideways moment. The price has faced strong rejection multiple times, between $69,500 and $69,916.If talking about the trade opportunities, then scalping trade can be captured in the current market with strict stop loss. Here are a few entry triggers.
Please note that Bitcoin is currently in the sideways zone; one must use a stick-trailing method.
Ethereum Chart Analysis (Click on image to enlarge)
ETH/USD 15-Minute Chart (Source: )During the trading session on October 3, 2024, Ethereum moved upside down and faced rejection at the $2,490 level. Price moment can be clearly seen syncing with Bitcoin; hence, both are in a sideways zone. Looking at Ethereum on a daily time frame, we can clearly see that the price has been in the channel for a very long time; hence there are low moments in the price. If planning for an entry make sure the price is moving in a strict area impacting risk to reward ratio. Talking about entry triggers, there are a few mentioned below.
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