BTC DAILY: 30/11/20
“Retest Successful”
15M: BULLISH
1HR: BULLISH
4HR: V. BULLISH
Daily: BULLISH
Weekly: BULLISH
Monthly: BULLISH
Overall: BULLISH
Buy/Sell Wall: Big sell wall at $19,450, buys grouped at $18,950
Volatility: High, strong bullish break up of over 5% so far today.
ALTS: Volume closing in on previous recent high (24/11) moving up to 213bn total market cap.
Local Support: $17,600
Next Support: $17,180
Local Resistance: $19,499
Next Resistance: $20,000
Fundamentals:
-Stimulus Cheques - Uncertainty now with Vaccine.
- PayPal/Square - Continually buying all mined BTC spiking price - Very Bullish
- Announced integration with VISA - Ultra Bullish
- Guggenheim Partners (200bn plus asset managers) allocate capital (up to $500m) to crypto - Very Bullish
Technical' s:
- Local resistance ($19k) broken
- Trading above 200 EMA Support
- Moving out of Double Bottom
- Broken Trendline Support
- Forming a Bullish Ascending Triangle
Personal Opinion:
We sat on the fence somewhat yesterday, but those of you following us on here will see that we did long BTC at $18,100 collecting a nice 4% profit so far whilst well on the way to our next target of $19,400.
Next moves? $19.5k will likely be a bigger stumbling block than $19k proved to be, expect a pullback but nothing compared to the 12.5% of the 26th, likely to support around the $172-$17.4k range.
It’s then to our mind just a question of when not if we hit $20k.
“Retest Successful”
15M: BULLISH
1HR: BULLISH
4HR: V. BULLISH
Daily: BULLISH
Weekly: BULLISH
Monthly: BULLISH
Overall: BULLISH
Buy/Sell Wall: Big sell wall at $19,450, buys grouped at $18,950
Volatility: High, strong bullish break up of over 5% so far today.
ALTS: Volume closing in on previous recent high (24/11) moving up to 213bn total market cap.
Local Support: $17,600
Next Support: $17,180
Local Resistance: $19,499
Next Resistance: $20,000
Fundamentals:
-Stimulus Cheques - Uncertainty now with Vaccine.
- PayPal/Square - Continually buying all mined BTC spiking price - Very Bullish
- Announced integration with VISA - Ultra Bullish
- Guggenheim Partners (200bn plus asset managers) allocate capital (up to $500m) to crypto - Very Bullish
Technical' s:
- Local resistance ($19k) broken
- Trading above 200 EMA Support
- Moving out of Double Bottom
- Broken Trendline Support
- Forming a Bullish Ascending Triangle
Personal Opinion:
We sat on the fence somewhat yesterday, but those of you following us on here will see that we did long BTC at $18,100 collecting a nice 4% profit so far whilst well on the way to our next target of $19,400.
Next moves? $19.5k will likely be a bigger stumbling block than $19k proved to be, expect a pullback but nothing compared to the 12.5% of the 26th, likely to support around the $172-$17.4k range.
It’s then to our mind just a question of when not if we hit $20k.
