BTC DAILY: 24/11/20
BULLS ON PARADE
15M: Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Bullish (Short Term Bearish)
Buy/Sell Wall: 900 BTC sell wall at $19.2/$19.3k although given BTC current drive and bulls injection that is nothing.
Volatility:
Testing the 19k resistance- incoming volatility - breaking will send it up, down and then up again rapidly.
ALTS: BTC dominance is flying down and currently at 62.38% with ALT volume rocketing up. Extreme ALT Season - BTC currently attempting to break out so hold too much Alt trading until BTC is settled above or below 19k.
Local Support: $17,574
Next Support: $17,193
Local Resistance: $19,000
Next Resistance: $19,400
Next Next Resistance $20,000 (Added as looking likely to break $19k soon)
Fundamentals:
-Stimulus Cheques - Uncertainty now with Vaccine.
- 2nd Wealthiest Person In Mexico has 10% of holding in BTC now - V.Bullish commitment
- PayPal/Square - Continually buying all mined BTC spiking price - Very Bullish
- Financial Institutions continued buying - Bullish
- Front Page Wall Street Journal - Very Bullish
- Announced integration with VISA - Ultra Bullish
Technical' s:
- Weekly Pivot no longer bearish
- Future Pivot no longer bearish
- Strongly above 200EMA
- Upwards Trendline support
- Strong Bullish Engulfing Candle
Personal Opinion:
Ultra Bullish on Bitcoin now - huge fundamentals coming in. Front Page of Wall Street Journal & announced integration with VISA, continued buying from PayPal and Square along with the foundation of Financial institutions.
My predicted path remains the same
This is going to crush the All Time High...
BULLS ON PARADE
15M: Bullish
1HR: V. Strong Bullish
4HR: V. Strong Bullish
Daily: V Bullish
Weekly: V. Strong Bullish
Monthly: V. Strong Bullish
Overall: V. Bullish (Short Term Bearish)
Buy/Sell Wall: 900 BTC sell wall at $19.2/$19.3k although given BTC current drive and bulls injection that is nothing.
Volatility:
Testing the 19k resistance- incoming volatility - breaking will send it up, down and then up again rapidly.
ALTS: BTC dominance is flying down and currently at 62.38% with ALT volume rocketing up. Extreme ALT Season - BTC currently attempting to break out so hold too much Alt trading until BTC is settled above or below 19k.
Local Support: $17,574
Next Support: $17,193
Local Resistance: $19,000
Next Resistance: $19,400
Next Next Resistance $20,000 (Added as looking likely to break $19k soon)
Fundamentals:
-Stimulus Cheques - Uncertainty now with Vaccine.
- 2nd Wealthiest Person In Mexico has 10% of holding in BTC now - V.Bullish commitment
- PayPal/Square - Continually buying all mined BTC spiking price - Very Bullish
- Financial Institutions continued buying - Bullish
- Front Page Wall Street Journal - Very Bullish
- Announced integration with VISA - Ultra Bullish
Technical' s:
- Weekly Pivot no longer bearish
- Future Pivot no longer bearish
- Strongly above 200EMA
- Upwards Trendline support
- Strong Bullish Engulfing Candle
Personal Opinion:
Ultra Bullish on Bitcoin now - huge fundamentals coming in. Front Page of Wall Street Journal & announced integration with VISA, continued buying from PayPal and Square along with the foundation of Financial institutions.
My predicted path remains the same
This is going to crush the All Time High...
