1HR: Bullish 4HR: Bearish Daily: Very Bullish Weekly: Very Bullish Monthly: Very Bullish Overall: Very Bullish (Short-Term A little Bearish)
Volatility: Stabilising found support Volume: Volume decreasing preparing for a large move BTC Dominance: 64.36% - New break out, very high - showing divergence so possible decrease ALTS: Seeing a bounce back up although looking very bearish across the board right now, small trades or amazing fundamentals only recommended
Local Support: $13,216 Next Support: $12,916
Local Resistance: $13,864 Next Resistance: $14,100
Fundamentals: -4th Nov. Elections FUD - Very Bearish -Stimulus Cheques - Potentially Very Bullish - Paypal BTC Payments now live along with further integration of further Cryptocurrencies - Very Bullish - Hong Kong and China growing regulatory pressures - Very Bearish
Indicators: - Bullish RSI Divergence forming - Bullish Moving Average & Rejection from the 50EMA - Neutral Future Pivot & Weekly Pivot (Ranging) - Large bullish wick rejections - 2 Support rejections at 13.3k region - Bearish Short-term correlation - Long term Bearish Divergence
Personal Opinion:
Bullish overall sentiment continues. There have been a couple of strong rejections with a key short term Divergence formed. The next 24 hours will show the path for the coming days/weeks whether we will be ranging, continued sharp upwards movement or a bit of a collapse to 12.9k. The long term bearish Divergence is a little disconcerting for bulls with some of the PayPal excitement starting to wear off now.
I am leaning towards bullish sentiment with a short term hit of 13.8k, with a possible sharp rejection, big wick and then breakthrough to testing 14k, and not only seeing 14.1k again but likely breaking it. Elections are a very real thing though so if this pulls a bearish move then it can cause a domino effect of selling off to the 12.9k very quickly - if so BUY BUY BUY then!.