#BTCDAILY : 30 / 01 /21 Back to Normality
#BTCDAILY : 30 / 01 /21
Back to Normality
Buy Walls
$31k - 360BTC
$30k - 500 BTC
Volatility: Consolidating - Heavy volume breakout, retracing down and stabilising in a downward movment
ALTS: Dominance Decreasing + Price Decreasing = ALTs Stabillising
Local Support: $31,600
Next Support: $29,000
Local Resistance: $34,800
Next Resistance: $38,100
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Elon Musk Tweets BTC Hard at end of consolidation period - Bullish
- Gamestop Craziness could start t drive people away from stocks to Crypto - Bullish potential
Personal Opinion:
Insane movement yesterday with Elon pumping BTC at the end of the consolidation cycle.
Looking like a pretty text book retrace to the trendline (now) support. possible downward movement continued to the $31 - $31.6k support until a larger push upwards, which is where the more focused buy walls are situated.
Back to Normality
Buy Walls
$31k - 360BTC
$30k - 500 BTC
Volatility: Consolidating - Heavy volume breakout, retracing down and stabilising in a downward movment
ALTS: Dominance Decreasing + Price Decreasing = ALTs Stabillising
Local Support: $31,600
Next Support: $29,000
Local Resistance: $34,800
Next Resistance: $38,100
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Elon Musk Tweets BTC Hard at end of consolidation period - Bullish
- Gamestop Craziness could start t drive people away from stocks to Crypto - Bullish potential
Personal Opinion:
Insane movement yesterday with Elon pumping BTC at the end of the consolidation cycle.
Looking like a pretty text book retrace to the trendline (now) support. possible downward movement continued to the $31 - $31.6k support until a larger push upwards, which is where the more focused buy walls are situated.
