#BTCDAILY : 16 / 02 /21 $50K....THINGS ABOUT TO GET CRAY CRAY!!!
#BTCDAILY : 16 / 02 /21
$50K....THINGS ABOUT TO GET CRAY CRAY!!!
BPT Sentiment:
VOLATILE!!!
Sell Wall
50.1k - 700BTC
50K - 400BTC (Reloaded in 24 hours)
Buy Wall
$43.8k - 250 BTC
Volume: Consolidating period
ALTS: Dominance Volatile + Price Volatile = ALTS Volatile AF
Local Support: $46.1k
Next Support: $43.8k
Next Support: $40.9k
Local Resistance: $48.3k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Amazon to launch digital currency platform in Mexico - Bullish
- Mastercard plans to support crypto in 2021 - Bullish
- UBER Considering BTC - Bullish
- Apple to use BitPay - Bullish
- False Government BTC News - Bearish
Personal Opinion:
Here it is the first test of the $50k resistance and boy way that rejection hard although not unsurprising. There was an indicator of 400BTC there to signal this on top of a psychological resistance.
It has been reloaded again with 400BTC and a further 700BTC sell wall has appeared at 50.1k in past 24 hours. Highly likely to see another rejection at 50k before pushing up - breaking 50k will see a huge push up. breaking up of the ascending triangle will see an extended push down to 46k and possibly 43k.
Either way ALT trading is highly, highly volatile right now - a big push up or a big rejection will both rekt short term alt set-up's.
$50K....THINGS ABOUT TO GET CRAY CRAY!!!
BPT Sentiment:
VOLATILE!!!
Sell Wall
50.1k - 700BTC
50K - 400BTC (Reloaded in 24 hours)
Buy Wall
$43.8k - 250 BTC
Volume: Consolidating period
ALTS: Dominance Volatile + Price Volatile = ALTS Volatile AF
Local Support: $46.1k
Next Support: $43.8k
Next Support: $40.9k
Local Resistance: $48.3k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Amazon to launch digital currency platform in Mexico - Bullish
- Mastercard plans to support crypto in 2021 - Bullish
- UBER Considering BTC - Bullish
- Apple to use BitPay - Bullish
- False Government BTC News - Bearish
Personal Opinion:
Here it is the first test of the $50k resistance and boy way that rejection hard although not unsurprising. There was an indicator of 400BTC there to signal this on top of a psychological resistance.
It has been reloaded again with 400BTC and a further 700BTC sell wall has appeared at 50.1k in past 24 hours. Highly likely to see another rejection at 50k before pushing up - breaking 50k will see a huge push up. breaking up of the ascending triangle will see an extended push down to 46k and possibly 43k.
Either way ALT trading is highly, highly volatile right now - a big push up or a big rejection will both rekt short term alt set-up's.
