BTC DAILY: 9/11/20
Post-Trump
15M: Very Bearish
1HR: Bearish
4HR: Very Bullish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Very Bullish
Buy/Sell Wall: Strong buying pressure all the way down to $15k with minimal Sell's setup up until $16k with about $12million ready to be sold.
Volatility: Volatility expected over the coming 48 hours whilst markets respond to Bidens tax announcements etc, keep trades with smaller targets or larger stop-losses to accommodate dips.
Volume: Volume increasing can expect big movements incoming
ALTS: Decreased over past 48 horus, expecting a trendline bounce here - outside of BTC volatility it should be good trading conditions
Local Support: $15, 222
Next Support: $14,322
Local Resistance: $15,784
Next Resistance: $15,961
Fundamentals:
-Stimulus Cheques - Will drop soon after president is confirmed - hugely bullish news
- BTC Market cap overtakes PayPal's - Bullish
- Earn BTC rewards whilst purchasing Samsung Products - Very Bullish
Technical' s:
- Bearish Weekly Pivot that has been lightly tested
- Strongly above 200EMA
- Bullish Future Pivot
- Bearish Engulfing Candle (not full closed yet)
- Bearish Short Term Correlation
- Bullish Trendlines
Personal Opinion:
Following my initial projection from the 7th and expecting to rebreak $16k over the coming days.
IF we lose this $15,147 support though we can see a big drop down and possible revisit to $14,322. Although we are looking bullish across the board with expected volatility coming in best to sit back a watch for a little bit to see where it lands
Post-Trump
15M: Very Bearish
1HR: Bearish
4HR: Very Bullish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Very Bullish
Buy/Sell Wall: Strong buying pressure all the way down to $15k with minimal Sell's setup up until $16k with about $12million ready to be sold.
Volatility: Volatility expected over the coming 48 hours whilst markets respond to Bidens tax announcements etc, keep trades with smaller targets or larger stop-losses to accommodate dips.
Volume: Volume increasing can expect big movements incoming
ALTS: Decreased over past 48 horus, expecting a trendline bounce here - outside of BTC volatility it should be good trading conditions
Local Support: $15, 222
Next Support: $14,322
Local Resistance: $15,784
Next Resistance: $15,961
Fundamentals:
-Stimulus Cheques - Will drop soon after president is confirmed - hugely bullish news
- BTC Market cap overtakes PayPal's - Bullish
- Earn BTC rewards whilst purchasing Samsung Products - Very Bullish
Technical' s:
- Bearish Weekly Pivot that has been lightly tested
- Strongly above 200EMA
- Bullish Future Pivot
- Bearish Engulfing Candle (not full closed yet)
- Bearish Short Term Correlation
- Bullish Trendlines
Personal Opinion:
Following my initial projection from the 7th and expecting to rebreak $16k over the coming days.
IF we lose this $15,147 support though we can see a big drop down and possible revisit to $14,322. Although we are looking bullish across the board with expected volatility coming in best to sit back a watch for a little bit to see where it lands
