BTC DAILY: 28/10/20
1HR: Very Bearish
4HR: Bearish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Bullish
Volatility: High
Volume: High Selling Pressure
BTC Dominance: 62.75% - Falling
ALTS: Tradeable on Dips
Local Support: $12,916
Next Support: $12,711
Local Resistance: $13,3588
Next Resistance: $13,854
Fundamentals:
-4th November Elections - Potentially Very Bearish
-Stimulus Cheques - Potentially Very Bullish
-Continued PayPal Integrations - Very Bullish
Indicators:
- Bearish Order Block Correction to 13k
- Heavily Oversold
- Bearish Divergence
- Bearish Untested Weekly
Personal Opinion:
Following predicted line pretty well.
A strong correction/rejection has
occurred from a pretty expected
resistance. No major concern for
reversal. Likely continuation to 13k,
possibly 12.9k and then buying
pressure will resume. Good place
to (re)buy as 14k is highly likely.
1HR: Very Bearish
4HR: Bearish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Bullish
Volatility: High
Volume: High Selling Pressure
BTC Dominance: 62.75% - Falling
ALTS: Tradeable on Dips
Local Support: $12,916
Next Support: $12,711
Local Resistance: $13,3588
Next Resistance: $13,854
Fundamentals:
-4th November Elections - Potentially Very Bearish
-Stimulus Cheques - Potentially Very Bullish
-Continued PayPal Integrations - Very Bullish
Indicators:
- Bearish Order Block Correction to 13k
- Heavily Oversold
- Bearish Divergence
- Bearish Untested Weekly
Personal Opinion:
Following predicted line pretty well.
A strong correction/rejection has
occurred from a pretty expected
resistance. No major concern for
reversal. Likely continuation to 13k,
possibly 12.9k and then buying
pressure will resume. Good place
to (re)buy as 14k is highly likely.
