Weekly Bitcoin report October 19 2020 by Crypto Rob Educates

- Bitcoin analysis

- Ethereum analysis

- 2 mid cap coins analysis ( VIP report)

- 2 high risk coins analysis ( VIP report)

- Future promising projects ( VIP report)

- 2 trading positions ( VIP report)




Welcome to your VIP report. It contains exclusive information only shared with the members that have a paid subscription to our platform. Please consider the information as educational and not investment advice. Cryptocurrency trading is very risky and if you do not do your own research, you will probably lose your money.


The total market cap is at 362.268.332.296 $ on the 19th of October 2020.


  1. Bitcoin analysis


Bitcoin has made a move tot he upside, as "predicted". Even though this happened the majority of altcoins are still in the red zone, which for me provides a good buying area.


That beig said let's see what happened this week ( 12th of October 2020 - 19th of October) and whats coming next:


On the weekly we are seeing a good consolidation at the 11.450 $ area.


We opened the week at 11.369 $ and the highest point was 11.617$ on wednsday. As I was saying in last report a correction followed in the next couple of days. The news of institutions buying almost 70% of newly mined bitcoin helped the price remain in the upper zone of 11.000 $, even though the battle of bulls and bears remained undecided.


To sum it up, as I was saying in my last week's report Bitcoin broke key resistance level at 11.200$ and the bulls are moving towards 11.600$. It seems it broke this level but probably because of the OKEX news we didn't manage to go higher.


On the bearish side of things, I still have an unfiled order at 8.800$.


I charted the moves here: https://www.tradingview.com/chart/XBTUSDT/RS7JNxez-BTC-USDT-price-movements-October-4-2020/ and will keep updating every week. We're fairly moving according to what was believed to be :)


BITCOIN POSITIONAL TRADE (1)


On the weekly timeframe Bitcoin has been ranging from 11.172$ to 11.617$.


So, in my opinion the key points are as follows:


  • Bitcoin ranges from 11.172$ to 11.617$

  • If we see a nice ( 150$ to 200$) break above 11.600$ keep a close eye on the 12.400$ level; if it breaks bulls are likely to run

  • If we break below 10.750$ the level to watch is 9.600$; if it breaks bellow the next levels to watch are 8.800$ and 7.600$ (worse case scenario).

  • Bull - I have a long position opened at 11.200$ with a stop loss at 11.049$ and a take profit at 16.800$

Personal positional bear trade (1) : order to buy BTC at 8.800$


Im buying bitcoin here: https://www.binance.com/en/register?ref=26005681




2. Ethereum analysis


Ethereum is in sync with this theory as it ranges from 361$ to 378$ levels . It produced a number of 5 daily red candles and seems to be in a period of accumulation. Probably the effects of ETH 2.0 are going to be felt in the next weeks.


Eth2 is a long-planned upgrade to the Ethereum network, giving it the scalability and security it needs to serve all of humanity. The first stage of Eth2, called Phase 0, is planned to launch in 2020.


Eth2 will reduce energy consumption, allow the network to process more transactions, and increase security. Technically speaking, Ethereum will become a proof-of-stake blockchain and introduce shard chains. This is a huge change to how Ethereum works and it should bring equally huge benefits.


But it's only a change to Ethereum's infrastructure. If you're already an ETH holder, dapp user or dapp developer, you don't need to do anything because Eth2 will be compatible with the main Ethereum network you use today. You'll be able to use the ETH you own today in Eth2 too.




So, in my opinion the key points are as follows:


  • Ethereum ranges from 361$ to 378$

  • If we see a break above 400$ keep a close eye on the 440$ level; if it breaks bulls are likely to run

  • If we break below 310$ the level to watch is 280$; if it breaks bellow, the next levels to watch are 240$ and 210$ (worse case scenario).

  • Even in case bears take control over the bulls i expect this to be a very short move followed by a quick recovery to above 300$ levels. This would provide a good entry for bulls as under 300$ levels are often heavily bought by whales in recent history (2020).

  • Ethereum 2.0 is coming soon, 2020 might still be the ETH year.

Personal positional trade (2) : order to buy ETH at 280$


Im buying ethereum here: https://www.binance.com/en/register?ref=26005681



3. High risk picks : ( VIP report)

4. Profit since last week : ( VIP report)

5. Future projects I believe in : ( VIP report)




I'm trading on Binance, here.




Disclaimer : the opinions presented in the following report are my own and DO NOT CONSTITUTE FINANCIAL ADVICE. Cryptocurrency trading is a very risky endeavour. You can and probably will lose your money if you do not do your own research.


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