#BTCDAILY : 21/ 01 /21
New Era?
Sell Walls
$35.6k.6Kk - 250 BTC
Buy Wall
$32k - 540 BTC
$30k - 400 BTC
Volatility: Losing supports now, broken out of consolidation triangle > more big movements expected
ALTS: BTC Dom DOWN+ BTC Price DOWN = ALTS Stable > Slightly bleeding
Local Support: $33.7k
Next Support: $32.4k
Next Support: (MAJOR): $30k.5k
Next Support: $28.1k
Local Resistance: $38k
Next Resistance: $40k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accerate now - Hugely Bullish
- Greyscale statign 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:
Keeping prediction short-term here in light of Biden taking over and the coming days being potentially very volatile in either direction. For Crypto - for entire economy.
Paths are printed on chart but my sentiment is leaning towards rejection at 32.4k (Some bigger buy walls around here now) to 33.7k and then a retest of the 32.4k with a small breakdown to 30.5k where we will see some strong relief. After that it is at the New Presidents mercy!!!! #STIMULUS
New Era?
Sell Walls
$35.6k.6Kk - 250 BTC
Buy Wall
$32k - 540 BTC
$30k - 400 BTC
Volatility: Losing supports now, broken out of consolidation triangle > more big movements expected
ALTS: BTC Dom DOWN+ BTC Price DOWN = ALTS Stable > Slightly bleeding
Local Support: $33.7k
Next Support: $32.4k
Next Support: (MAJOR): $30k.5k
Next Support: $28.1k
Local Resistance: $38k
Next Resistance: $40k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accerate now - Hugely Bullish
- Greyscale statign 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:
Keeping prediction short-term here in light of Biden taking over and the coming days being potentially very volatile in either direction. For Crypto - for entire economy.
Paths are printed on chart but my sentiment is leaning towards rejection at 32.4k (Some bigger buy walls around here now) to 33.7k and then a retest of the 32.4k with a small breakdown to 30.5k where we will see some strong relief. After that it is at the New Presidents mercy!!!! #STIMULUS
