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!
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