#BTCDAILY : 23 / 01 /21 Stars & Gartley's
#BTCDAILY : 23 / 01 /21
Stars & Gartley's
Sell Walls
$36k - 160BTC
$35.6k - 160 BTC
Buy Wall
$29k - 230 BTC
$30k - 170 BTC
Volatility: Volatility below average and descending - consolidating. Resistance rejection expected incoming
ALTS: BTC Dom DOWN + BTC Price STABLE = ALTS Stable > Increase
Local Support: $32.2k
Next Support: $30.5k
Next Support: (MAJOR): $28.8k
Local Resistance: $33.7k
Next Resistance: $35.7k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accelrate now - Hugely Bullish
- Greyscale starting to realise BTC Profit - Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish) - Bullish
- Biden pus hold on Trumps Private Crypto Wallet information sharing - Bullish
Personal Opinion:
Breaking down on support out of the symmetrical triangle brought heavy downside with a strong bounce at the 28.5k support helping form a bullish butterfly/gartley.
Currently pulling back to the $33.7k support (now resistance) which it has been stopped at with a possible rejection further back down.
My key prediction is to be rejected here at $30.5k and then to revisit the 28k region.
Weekend volatility will play a big part over the coming 48 hours.
Stars & Gartley's
Sell Walls
$36k - 160BTC
$35.6k - 160 BTC
Buy Wall
$29k - 230 BTC
$30k - 170 BTC
Volatility: Volatility below average and descending - consolidating. Resistance rejection expected incoming
ALTS: BTC Dom DOWN + BTC Price STABLE = ALTS Stable > Increase
Local Support: $32.2k
Next Support: $30.5k
Next Support: (MAJOR): $28.8k
Local Resistance: $33.7k
Next Resistance: $35.7k
Top 5 Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- $2000 Stimulus Package Potential - Will Biden accelrate now - Hugely Bullish
- Greyscale starting to realise BTC Profit - Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a $750m holding - Bullish) - Bullish
- Biden pus hold on Trumps Private Crypto Wallet information sharing - Bullish
Personal Opinion:
Breaking down on support out of the symmetrical triangle brought heavy downside with a strong bounce at the 28.5k support helping form a bullish butterfly/gartley.
Currently pulling back to the $33.7k support (now resistance) which it has been stopped at with a possible rejection further back down.
My key prediction is to be rejected here at $30.5k and then to revisit the 28k region.
Weekend volatility will play a big part over the coming 48 hours.
