BTC DAILY: 02/11/20

xBTC DAILY: 02/11/20

1HR: Bearish
4HR: Bearish
Daily: Bullish
Weekly: Bullish
Monthly: Bullish
Overall: Bullish

Volatility: High
Volume: High Selling Pressure
BTC Dominance: 63.52% - Falling
ALTS: Tradeable on Dips

Local Support: $13,183
Next Support: $10,375

Local Resistance: $13,855
Next Resistance: $13,765

Fundamentals:
-4th November Elections - Potentially Very Bearish
-Stimulus Cheques - Potentially Very Bullish
-Continued PayPal Integrations - Very Bullish
-Birthday 14K Sell off-
Bearish


Indicators:
- Bearish Order Block Correction to $12,790k
-Broken Weekly Bearish Pivot, Bearish Monthly Pivot.

Personal Opinion:
Current candle is critical. We're testing local support but a rejection is looking likely.

The above resistance has been tested once already, we think you'd be smart to set a buy here, if its broken again we'd expect a profitable breakout!