Trading Signals – 23 October 2026
5 crypto trade ideas for 23 October 2026: 1 long and 4 short. Entry, stop and two targets are given for each, with the reasoning and the level at which the idea is abandoned.
Today’s framework
Friday 23 October 2026. Bitcoin is at $81,837 after touching 80,939 yesterday. Equities and crypto were sold together while bonds were bought, which shows bitcoin is not treated as a hedge in the current regime. Ether, XRP, Avalanche and Cardano are all behind bitcoin over the past month, and Avalanche remains the weakest in crypto.
One idea is long and four are short; four are taken at the market and BTC waits for a daily close above 82,100. All are medium-term ideas. Bitcoin is on the long side, with its long-term structure intact but entry subject to confirmation; ether, XRP, Avalanche and Cardano are on the short side, all with double-digit monthly losses and lagging bitcoin over the past month.
Trade ideas
The entry condition says whether the idea is taken at the market or only once a stated level, a confirmation or the data release is met.
| No | Instrument | Direction | Entry | Stop | Target 1 | Target 2 | Entry condition |
|---|---|---|---|---|---|---|---|
| 1 | ETH | Short | 2,410 – 2,430 | 2,482 | 2,381.11 | 2,360.32 | Market |
| 2 | XRP | Short | 1.3290 – 1.3400 | 1.37 | 1.3065 | 1.2954 | Market |
| 3 | AVAX | Short | 9.33 – 9.45 | 9.72 | 9.098 | 9.055 | Market, small size |
| 4 | ADA | Short | 0.2175 – 0.2210 | 0.227 | 0.2116 | 0.2096 | Market, small size |
| 5 | BTC | Long | Above 82,100 | 80,939 | 84,377.21 | 84,898 | Daily close above 82,100 |
-
1. ETH — short.
Ether is at $2,404.73 and the price shows lower highs and lower lows; the monthly loss is 12.67% and it is 7.1% behind bitcoin over the past month. It fell 1.55% yesterday, and momentum is weak at 39.
Invalidated if: A close above 2,482. -
2. XRP — short.
XRP is at $1.3266 and the price shows lower highs and lower lows; the monthly loss is 15.65% and it is 8.5% behind bitcoin over the past month. It fell 1.62% yesterday and reached 1.3065.
Invalidated if: A close above 1.37. -
3. AVAX — short.
Avalanche is at $9.31 and is 12.3% behind bitcoin over the past month; the weekly loss is 7.29% and the monthly loss 17.71%. It reached 9.098 yesterday and remains the weakest in crypto.
Invalidated if: A close above 9.72. -
4. ADA — short.
Cardano is at $0.2169 and is 9.8% behind bitcoin over the past month; the weekly loss is 5.74% and the monthly loss 14.71%. The price is 5.6% below the 200-day average.
Invalidated if: A close above 0.227. -
5. BTC — long.
Bitcoin is at $81,837; it fell 1.25% yesterday and touched 80,939. The price is 8.2% above the 200-day average and slightly ahead of the market over the past month, so the long-term structure is intact. In the short term, however, equities and crypto were sold together while bonds were bought; this shows that bitcoin is not treated as a hedge in the current regime. The direction is up but entry depends on confirmation, because chasing a buy before 82,100 breaks is expensive in this environment.
Invalidated if: A close below 80,939.
This page is for general information only. It is not investment advice, a recommendation, or an offer to buy or sell any financial instrument, and it does not take account of any recipient’s objectives, financial situation or needs. Levels and commentary reflect a view at a point in time and may change without notice. Past performance does not indicate future results. Trading in leveraged products including Forex, CFDs and cryptocurrencies carries a high level of risk and may not be suitable for all investors; you may lose more than your initial investment.