BTC DAILY : 16/12/20
ATH...Crushed
Technical' s
15M: V. Strong Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V. Strong Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Strong Bullish
Buy/Sell Wall:
LOL.
700 BTC at 24k but that will crumble
Volatility: Just a bit - its fully parabolic and not slowing.
ALTS: ALT's will follow this parabolic movement when some consolidation starts to form - get your long's ready
Local Support: $22,100
Next Support: $20,000
Local Resistance: $24,000
Next Resistance: $25,000
Can only gauge with psychological resistances now
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
- UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog - Bullish
Personal Opinion:
What is there to say other than WOW!, I don't think anyone could have predicted the last 24 hours.
Is 25k on the cards - very, very likely. An extreme psychological resistance but can buying pressure keep up until then. With a magnifying glass this seems astronomical but remember when groups like the Guggenheim Group are placing its forecasted value at $400k buying it at $20k or $25k doesn't seem so bad.
It is eating up $1k jumps like breakfast at the moment - we are heavily oversold now and there has been a bit of a sell off at $23.8k so there will likely be some relief soon although nothing like a big dump that I can see but maybe some consolidation.
It is going to be an extremely exciting market for ALT's soon which is where the real playground will be!
Prediction - $25k and chill
ATH...Crushed
Technical' s
15M: V. Strong Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V. Strong Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Strong Bullish
Buy/Sell Wall:
LOL.
700 BTC at 24k but that will crumble
Volatility: Just a bit - its fully parabolic and not slowing.
ALTS: ALT's will follow this parabolic movement when some consolidation starts to form - get your long's ready
Local Support: $22,100
Next Support: $20,000
Local Resistance: $24,000
Next Resistance: $25,000
Can only gauge with psychological resistances now
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
- UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog - Bullish
Personal Opinion:
What is there to say other than WOW!, I don't think anyone could have predicted the last 24 hours.
Is 25k on the cards - very, very likely. An extreme psychological resistance but can buying pressure keep up until then. With a magnifying glass this seems astronomical but remember when groups like the Guggenheim Group are placing its forecasted value at $400k buying it at $20k or $25k doesn't seem so bad.
It is eating up $1k jumps like breakfast at the moment - we are heavily oversold now and there has been a bit of a sell off at $23.8k so there will likely be some relief soon although nothing like a big dump that I can see but maybe some consolidation.
It is going to be an extremely exciting market for ALT's soon which is where the real playground will be!
Prediction - $25k and chill
