#BTCDAILY : 23 / 01 /21 Stars & Gartley's
#BTCDAILY : 23 / 01 /21
Stars & Gartley's
Sell Walls
36K - 160BTC
35.6k - 160 BTC
Buy Wall
29K - 230 BTC
30k - 170 BTC
Volatility: Volatility below average and descending - consolidating. Resistance rejection expected incoming
ALTS: BTC Dom DOWN + BTC Price STABLE = ALTS Stable > Increase
Local Support: 32.2k
Next Support: 30.5k
Next Support: (MAJOR): 28.8k
Local Resistance: 33.7k
Next Resistance: 35.7k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accelrate now - Hugely Bullish
- Greyscale starting to realise BTC Profit - Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish) - Bullish
- Biden pus hold on Trumps Private Crypto Wallet information sharing - Bullish
Personal Opinion:
Breaking down on support out of the symmetrical triangle brought heavy downside with a strong bounce at the 28.5k support helping form a bullish butterfly/gartley.
Currently pulling back to the 33.7k support (now resistance) which it has been stopped at with a possible rejection further back down.
My key prediction is to be rejected here at 30.5k and then to revisit the 28k region.
Weekend volatility will play a big part over the coming 48 hours.
Stars & Gartley's
Sell Walls
36K - 160BTC 35.6k - 160 BTC
Buy Wall
29K - 230 BTC30k - 170 BTC
Volatility: Volatility below average and descending - consolidating. Resistance rejection expected incoming
ALTS: BTC Dom DOWN + BTC Price STABLE = ALTS Stable > Increase
Local Support: 32.2k
Next Support: 30.5k
Next Support: (MAJOR): 28.8k
Local Resistance: 33.7k
Next Resistance: 35.7k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accelrate now - Hugely Bullish
- Greyscale starting to realise BTC Profit - Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish) - Bullish
- Biden pus hold on Trumps Private Crypto Wallet information sharing - Bullish
Personal Opinion:
Breaking down on support out of the symmetrical triangle brought heavy downside with a strong bounce at the 28.5k support helping form a bullish butterfly/gartley.
Currently pulling back to the 33.7k support (now resistance) which it has been stopped at with a possible rejection further back down.
My key prediction is to be rejected here at 30.5k and then to revisit the 28k region.
Weekend volatility will play a big part over the coming 48 hours.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.