BTC DAILY : 31/12/20 Easy Like a Donnerstag Montag
BTC DAILY : 31/12/20
Easy Like a Donnerstag Montag
Technical' s
15M: Bearish
1HR: Bullish
4HR: Bullish
Daily: Bullish
Weekly: Very Bullish
Monthly: Bullish
Overall: Bullish
Sell Walls
$29.8k - 482 BTC / $31.1k - 510 BTC
Buy Walls
$26.3k - 419 BTC
Volatility: Low relatively, 4% today.
Dominance - 71.14%!
ALTS: Susceptible to a BTC move although relatively stable despite BTC price and Dominance rises.
Local Support: $27.5k
Next Support: $26.2k
Local Resistance: $29,295
Next Resistance: $30k
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- New $2000 Stimulus Package Potential - Hugely Bullish
- Coinbase going Public - Big eyes on Crypto
- Pro Crypto appointment at the SEC - V. Bullish
- XRP delisting from major exchanges (Coinbase/Okex)- Bearish for Crypto
- Trump signs second stimulus bill, rally across all asset classes - Bullish
Biden Inauguration 20th Jan along with some "Dump Event" doing the rounds on trading channels - Bearish (Apparently)
Personal Opinion:
Another day, another ATH. Around midnight GMT BTC gently brushed $29,282 casually throwing a grand on yesterday record breaking $28,373. What a badass.
Going into 2021 a +$30k Bitcoin feels inevitable hopefully in the next 24 hours for the NYE buzz. There is a caveat however, in that there’s significant sell walls in the high 29 hundreds and especially at $31k as well as being oversold on the RSI. We may go over $30k but not likely for long.
Looking down support appears robust with resistance flipping at $27.5 and significantly with big buy orders at $26,300 so you can buy the dip 2021 style.
Let us know what you think in the comments!
Easy Like a Donnerstag Montag
Technical' s
15M: Bearish
1HR: Bullish
4HR: Bullish
Daily: Bullish
Weekly: Very Bullish
Monthly: Bullish
Overall: Bullish
Sell Walls
$29.8k - 482 BTC / $31.1k - 510 BTC
Buy Walls
$26.3k - 419 BTC
Volatility: Low relatively, 4% today.
Dominance - 71.14%!
ALTS: Susceptible to a BTC move although relatively stable despite BTC price and Dominance rises.
Local Support: $27.5k
Next Support: $26.2k
Local Resistance: $29,295
Next Resistance: $30k
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- New $2000 Stimulus Package Potential - Hugely Bullish
- Coinbase going Public - Big eyes on Crypto
- Pro Crypto appointment at the SEC - V. Bullish
- XRP delisting from major exchanges (Coinbase/Okex)- Bearish for Crypto
- Trump signs second stimulus bill, rally across all asset classes - Bullish
Biden Inauguration 20th Jan along with some "Dump Event" doing the rounds on trading channels - Bearish (Apparently)
Personal Opinion:
Another day, another ATH. Around midnight GMT BTC gently brushed $29,282 casually throwing a grand on yesterday record breaking $28,373. What a badass.
Going into 2021 a +$30k Bitcoin feels inevitable hopefully in the next 24 hours for the NYE buzz. There is a caveat however, in that there’s significant sell walls in the high 29 hundreds and especially at $31k as well as being oversold on the RSI. We may go over $30k but not likely for long.
Looking down support appears robust with resistance flipping at $27.5 and significantly with big buy orders at $26,300 so you can buy the dip 2021 style.
Let us know what you think in the comments!