BTC/JPY - weekly Analytics + Altcoins 19.10.2020

The movements forming at current levels in the Bitcoin will be crucial for understanding the further price movement. An impulse price decline below the level of *1180600* will increase the probability of short trend movement. Price exit to the top from the current consolidation will give push to further growth of quotations. Investors’ sentiment is at neutral levels.
Altcoins: (considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
As there is no certainty in the bitcoin price formation, it is better to take a waiting position on the concept of further movement in altcoins.