BTC DAILY : 16/12/20 ATH...Crushed
BTC DAILY : 16/12/20
ATH...Crushed
Technical' s
15M: V. Strong Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V. Strong Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Strong Bullish
Buy/Sell Wall:
LOL.
700 BTC at 24k but that will crumble
Volatility: Just a bit - its fully parabolic and not slowing.
ALTS: ALT's will follow this parabolic movement when some consolidation starts to form - get your long's ready
Local Support: $22,100
Next Support: $20,000
Local Resistance: $24,000
Next Resistance: $25,000
Can only gauge with psychological resistances now
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed - Not immediately Bearish
- Microstrategy - Potential 400m investment into BTC - Bullish (Unlikely until next dip)
- G7 Summit Crypto Topic - Regulations - Bearish Short-Term/Bullish Long Term
- MassMutual Insurance Firm Buys $100 Million #Bitcoin ‘Insurance’ - Bullish
- Stimulus Package filed not inclusive of Cheques - Not as impactful any more
- UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog - Bullish
Personal Opinion:
What is there to say other than WOW!, I don't think anyone could have predicted the last 24 hours.
Is 25k on the cards - very, very likely. An extreme psychological resistance but can buying pressure keep up until then. With a magnifying glass this seems astronomical but remember when groups like the Guggenheim Group are placing its forecasted value at 400k buying it at 20k or
25K doesn't seem so bad.
It is eating up
1K jumps like breakfast at the moment - we are heavily oversold now and there has been a bit of a sell off at 23.8k so there will likely be some relief soon although nothing like a big dump that I can see but maybe some consolidation.
It is going to be an extremely exciting market for ALT's soon which is where the real playground will be!
Prediction -25K and chill
ATH...Crushed
Technical' s
15M: V. Strong Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V. Strong Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Strong Bullish
Buy/Sell Wall:
LOL.
700 BTC at 24k but that will crumble
Volatility: Just a bit - its fully parabolic and not slowing.
ALTS: ALT's will follow this parabolic movement when some consolidation starts to form - get your long's ready
Local Support: $22,100
Next Support: $20,000
Local Resistance: $24,000
Next Resistance: $25,000
Can only gauge with psychological resistances now
Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed - Not immediately Bearish
- Microstrategy - Potential 400m investment into BTC - Bullish (Unlikely until next dip)
- G7 Summit Crypto Topic - Regulations - Bearish Short-Term/Bullish Long Term
- MassMutual Insurance Firm Buys $100 Million #Bitcoin ‘Insurance’ - Bullish
- Stimulus Package filed not inclusive of Cheques - Not as impactful any more
- UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog - Bullish
Personal Opinion:
What is there to say other than WOW!, I don't think anyone could have predicted the last 24 hours.
Is 25k on the cards - very, very likely. An extreme psychological resistance but can buying pressure keep up until then. With a magnifying glass this seems astronomical but remember when groups like the Guggenheim Group are placing its forecasted value at 400k buying it at 20k or
25K doesn't seem so bad. It is eating up
1K jumps like breakfast at the moment - we are heavily oversold now and there has been a bit of a sell off at 23.8k so there will likely be some relief soon although nothing like a big dump that I can see but maybe some consolidation.It is going to be an extremely exciting market for ALT's soon which is where the real playground will be!
Prediction -
25K and chill
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