BTC DAILY : 15/12/20
Make or Break
Technical' s
15M: V.Bullish
1HR: V.Bullish
4HR: V.Bullish
Daily: V.Bullish
Weekly: V.Bullish
Monthly: V.Bullish
Overall: Bullish (At key heavy resistance)
Buy/Sell Wall:
Buys
19k - 800 BTC
Sells
19.6-19.7 - 1700 BTC
Battle brewing.
Volatility: Going to be incoming heavy volatility either way.
ALTS: BTC is gearing up for one of its insane moves - either ALT's will get REKT so keep the stop's tight/raised as its going to be ugly for ALT market in short term regardless.
Local Support: $19,000
Next Support: $17,650
Next Support: $16,200
Local Resistance: $19,600
Next Resistance: $20,000
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed - Not immediately Bearish
- Microstrategy - Potential 400m investment into BTC - Bullish (Unlikely until next dip)
- G7 Summit Crypto Topic - Regulations - Bearish Short-Term/Bullish Long Term
- MassMutual Insurance Firm Buys $100 Million #Bitcoin ‘Insurance’ - Bullish
- Stimulus Package filed not inclusive of Cheques - Not as impactful any more
Personal Opinion:
A helluva lot to consider with BTC today. A real battle between bears and bulls. With some very large sells set up at 19.6k to 19.7k - whilst these are small in the scheme of things it is a good indicator to where people are looking to sell.
Currently bouncing off the extremely strong 19.4k resistance, trading above above the weekly pivot. Are traders starting to lose faith in BTC or are we going to see a drop to about 18.4k to continue in this ascending triangle.....or are we finally going to chase down that 20k?
Personally I don't think $20k is on the cards this side of the year - continuing to have a bearish sentiment. The Sell Walls are the key items that are confirming it for me.
I am going quite aggressive with prediction with a collapse to 17.6k with a wick and then retrace back up to stabilise at 18.5k region
Make or Break
Technical' s
15M: V.Bullish
1HR: V.Bullish
4HR: V.Bullish
Daily: V.Bullish
Weekly: V.Bullish
Monthly: V.Bullish
Overall: Bullish (At key heavy resistance)
Buy/Sell Wall:
Buys
19k - 800 BTC
Sells
19.6-19.7 - 1700 BTC
Battle brewing.
Volatility: Going to be incoming heavy volatility either way.
ALTS: BTC is gearing up for one of its insane moves - either ALT's will get REKT so keep the stop's tight/raised as its going to be ugly for ALT market in short term regardless.
Local Support: $19,000
Next Support: $17,650
Next Support: $16,200
Local Resistance: $19,600
Next Resistance: $20,000
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed - Not immediately Bearish
- Microstrategy - Potential 400m investment into BTC - Bullish (Unlikely until next dip)
- G7 Summit Crypto Topic - Regulations - Bearish Short-Term/Bullish Long Term
- MassMutual Insurance Firm Buys $100 Million #Bitcoin ‘Insurance’ - Bullish
- Stimulus Package filed not inclusive of Cheques - Not as impactful any more
Personal Opinion:
A helluva lot to consider with BTC today. A real battle between bears and bulls. With some very large sells set up at 19.6k to 19.7k - whilst these are small in the scheme of things it is a good indicator to where people are looking to sell.
Currently bouncing off the extremely strong 19.4k resistance, trading above above the weekly pivot. Are traders starting to lose faith in BTC or are we going to see a drop to about 18.4k to continue in this ascending triangle.....or are we finally going to chase down that 20k?
Personally I don't think $20k is on the cards this side of the year - continuing to have a bearish sentiment. The Sell Walls are the key items that are confirming it for me.
I am going quite aggressive with prediction with a collapse to 17.6k with a wick and then retrace back up to stabilise at 18.5k region
