BTC DAILY : 15/ 01 /21 Rage Against The Voting Machines
BTC DAILY : 15/ 01 /21
Rage Against The Voting Machines
Sell Walls
39K - 150 BTC not huge but bigger interest than elsewhere
40.1k - 400BTC
Volatility: Looking very dumpy
Dominance - Dropped hard to 68.56
ALTS: Stabilising and Accumulation phase
Local Support: 36.6k
Next Support: 33.7k
Next Support (MAJOR): 30k.5k
Local Resistance: 38.4k
Next Resistance:
42K
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- New $2000 Stimulus Package Potential - Hugely Bullish
- Coinbase going Public - Big eyes on Crypto
- Pro Crypto appointment at the SEC - V. Bullish
- Institutional Investment continues - Skybridge Capital ($182 million in December) / MassMutual ($100 million in December) / Guggenheim (up to 10% of its $5 billion macro fund).
- Christine Lagarde (European Central Bank ) calls BTC ‘Speculative Asset’ - Bearish
- Jeff Currie ‘Goldman Sachs’ called for more institutional investment to stabilise BTC - Neutral (Claims 1% 0f BTC held by financial institutions).
- Greyscale getting back cosy with BTC - Bullish
- Expected Riots at the Biden Inauguration, last time this happened BTC pumped - Bullish
Personal Opinion:
Two big trendlines in play now to guide in symmetrical triangle formation
Rolling on from yesterday:
Option 2 - Take a rejection here and fall back to 36.6k break and onwards to 33.7k (although at this stage is very very dangerous territory as a H&S will be forming) support and then onwards to ATH
Let me know what you think in the comments!
Rage Against The Voting Machines
Sell Walls
39K - 150 BTC not huge but bigger interest than elsewhere40.1k - 400BTC
Volatility: Looking very dumpy
Dominance - Dropped hard to 68.56
ALTS: Stabilising and Accumulation phase
Local Support: 36.6k
Next Support: 33.7k
Next Support (MAJOR): 30k.5k
Local Resistance: 38.4k
Next Resistance:
42KFundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- New $2000 Stimulus Package Potential - Hugely Bullish
- Coinbase going Public - Big eyes on Crypto
- Pro Crypto appointment at the SEC - V. Bullish
- Institutional Investment continues - Skybridge Capital ($182 million in December) / MassMutual ($100 million in December) / Guggenheim (up to 10% of its $5 billion macro fund).
- Christine Lagarde (European Central Bank ) calls BTC ‘Speculative Asset’ - Bearish
- Jeff Currie ‘Goldman Sachs’ called for more institutional investment to stabilise BTC - Neutral (Claims 1% 0f BTC held by financial institutions).
- Greyscale getting back cosy with BTC - Bullish
- Expected Riots at the Biden Inauguration, last time this happened BTC pumped - Bullish
Personal Opinion:
Two big trendlines in play now to guide in symmetrical triangle formation
Rolling on from yesterday:
Option 2 - Take a rejection here and fall back to 36.6k break and onwards to 33.7k (although at this stage is very very dangerous territory as a H&S will be forming) support and then onwards to ATH
Let me know what you think in the comments!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.