#BTCDAILY : 25 / 01 /21 Pressure Cooker
#BTCDAILY : 25 / 01 /21
Pressure Cooker
Sell Walls
37.6k - 300BTC
35.6k - 200 BTC
Volatility: Consolidation on volume gearing up for large move
ALTS: BTC Dom UP + BTC Price UP = ALTS DECREASING (READY FOR PUMP)
Local Support:
31K
Next Support: 38.8k
Local Resistance: 35.7k
Next Resistance: 37.9k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Marathon Institution joins the race with 150m BTC - Bullish
Personal Opinion:
Attempt to breakout of consolidation triangle to get rejected at the 50% Fib and resistance - drop down to 32k or possibly 30k to continue with the consolidation ranging. It should coincide with Stimulus launch and possible further institution money.
Short Term drop and then long term big pump to potential see ATH again.
Pressure Cooker
Sell Walls
37.6k - 300BTC
35.6k - 200 BTC
Volatility: Consolidation on volume gearing up for large move
ALTS: BTC Dom UP + BTC Price UP = ALTS DECREASING (READY FOR PUMP)
Local Support:
31KNext Support: 38.8k
Local Resistance: 35.7k
Next Resistance: 37.9k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish ) - Bullish
- Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF
- Marathon Institution joins the race with 150m BTC - Bullish
Personal Opinion:
Attempt to breakout of consolidation triangle to get rejected at the 50% Fib and resistance - drop down to 32k or possibly 30k to continue with the consolidation ranging. It should coincide with Stimulus launch and possible further institution money.
Short Term drop and then long term big pump to potential see ATH again.
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