BTC DAILY: 13/11/20 - Base Camp for ATH?
BTC DAILY: 13/11/20
Base Camp for ATH?
15M: Bullish
1HR: V.Bullish
4HR: V.Bullish
Daily: V. Strong Bullish
Weekly: V. Bullish
Monthly: V. Strong Bullish
Overall: Very Bullish
Buy/Sell Wall: Some strongish sell walls of 1.3k BTC between 16.5k/16.7k although should be a simple test and re-break for the current bulls.
Volatility: Expecting a small amount of consolidation for the next 48 hours - this will give ALT's a much needed break
Volume: Volume slowing down - as expected after comfortably breaking the $16k expecting this to remain relatively low for a couple of days with consolidation for a new big break UP.
ALTS: Increase of 2.5% in Market Cap of past 24 hours - great news for ALT trading. There is still about 5% to go before it is truly in full break out mode and a more committed "ALT Season" is under way.
Local Support: $16, 000
Next Support: $15, 448
Local Resistance: $16, 500
Next Resistance: $16, 700
Fundamentals:
-Stimulus Cheques - Will drop soon after president is confirmed - hugely bullish news
- PAYPAL. PAYPAL. PAYPAL - US integration - V.V.V.V.V.V.V.V.V - Bullish!!!!!!!!!!!
- COVID Vaccine roadmap - Very, Very Bearish - further confirmation on this will draw money out of Crypto into traditional travel markets/airlines
- Biden appointing Gary Gensler (still awaiting to see plan)- Bullish
Technical' s:
- Bearish Weekly Pivot that has been lightly tested
- Strongly above 200EMA
- Upwards Trendline support
- Broken-up Ascending Triangle
Personal Opinion:
The previous prediction has been spot on - this is not from any mystical powers, pretty simple chart analysis...which seems to show that BTC is following this methodology pretty damn well. So lets continue with that sentiment.
Extremely bullish on it still - closing above $16k over the past 24 hours was the target and it smashed that - to start the real road to the potential ATH before 2021 then we needed some further big news to come in and PayPal saw to that with more open access news to BTC for the US. This was always going to be a huge gateway and we are now truly on the brink of mass adoption. Expect continued bullish momentum now with an expected heavy correction at some point.
Base Camp for ATH?
15M: Bullish
1HR: V.Bullish
4HR: V.Bullish
Daily: V. Strong Bullish
Weekly: V. Bullish
Monthly: V. Strong Bullish
Overall: Very Bullish
Buy/Sell Wall: Some strongish sell walls of 1.3k BTC between 16.5k/16.7k although should be a simple test and re-break for the current bulls.
Volatility: Expecting a small amount of consolidation for the next 48 hours - this will give ALT's a much needed break
Volume: Volume slowing down - as expected after comfortably breaking the $16k expecting this to remain relatively low for a couple of days with consolidation for a new big break UP.
ALTS: Increase of 2.5% in Market Cap of past 24 hours - great news for ALT trading. There is still about 5% to go before it is truly in full break out mode and a more committed "ALT Season" is under way.
Local Support: $16, 000
Next Support: $15, 448
Local Resistance: $16, 500
Next Resistance: $16, 700
Fundamentals:
-Stimulus Cheques - Will drop soon after president is confirmed - hugely bullish news
- PAYPAL. PAYPAL. PAYPAL - US integration - V.V.V.V.V.V.V.V.V - Bullish!!!!!!!!!!!
- COVID Vaccine roadmap - Very, Very Bearish - further confirmation on this will draw money out of Crypto into traditional travel markets/airlines
- Biden appointing Gary Gensler (still awaiting to see plan)- Bullish
Technical' s:
- Bearish Weekly Pivot that has been lightly tested
- Strongly above 200EMA
- Upwards Trendline support
- Broken-up Ascending Triangle
Personal Opinion:
The previous prediction has been spot on - this is not from any mystical powers, pretty simple chart analysis...which seems to show that BTC is following this methodology pretty damn well. So lets continue with that sentiment.
Extremely bullish on it still - closing above $16k over the past 24 hours was the target and it smashed that - to start the real road to the potential ATH before 2021 then we needed some further big news to come in and PayPal saw to that with more open access news to BTC for the US. This was always going to be a huge gateway and we are now truly on the brink of mass adoption. Expect continued bullish momentum now with an expected heavy correction at some point.
