#BTCDAILY : 30 / 01 /21
Back to Normality
Buy Walls
$31k - 360BTC
$30k - 500 BTC
Volatility: Consolidating - Heavy volume breakout, retracing down and stabilising in a downward movment
ALTS: Dominance Decreasing + Price Decreasing = ALTs Stabillising
Local Support: $31,600
Next Support: $29,000
Local Resistance: $34,800
Next Resistance: $38,100
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Elon Musk Tweets BTC Hard at end of consolidation period - Bullish
- Gamestop Craziness could start t drive people away from stocks to Crypto - Bullish potential
Personal Opinion:
Insane movement yesterday with Elon pumping BTC at the end of the consolidation cycle.
Looking like a pretty text book retrace to the trendline (now) support. possible downward movement continued to the $31 - $31.6k support until a larger push upwards, which is where the more focused buy walls are situated.
Back to Normality
Buy Walls
$31k - 360BTC
$30k - 500 BTC
Volatility: Consolidating - Heavy volume breakout, retracing down and stabilising in a downward movment
ALTS: Dominance Decreasing + Price Decreasing = ALTs Stabillising
Local Support: $31,600
Next Support: $29,000
Local Resistance: $34,800
Next Resistance: $38,100
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Elon Musk Tweets BTC Hard at end of consolidation period - Bullish
- Gamestop Craziness could start t drive people away from stocks to Crypto - Bullish potential
Personal Opinion:
Insane movement yesterday with Elon pumping BTC at the end of the consolidation cycle.
Looking like a pretty text book retrace to the trendline (now) support. possible downward movement continued to the $31 - $31.6k support until a larger push upwards, which is where the more focused buy walls are situated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.