BTC DAILY: 28/10/20
1HR: Very Bearish
4HR: Bearish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Bullish
Volatility: High
Volume: High Selling Pressure
BTC Dominance: 62.75% - Falling
ALTS: Tradeable on Dips
Local Support: $12,916
Next Support: $12,711
Local Resistance: $13,3588
Next Resistance: $13,854
Fundamentals:
-4th November Elections - Potentially Very Bearish
-Stimulus Cheques - Potentially Very Bullish
-Continued PayPal Integrations - Very Bullish
Indicators:
- Bearish Order Block Correction to 13k
- Heavily Oversold
- Bearish Divergence
- Bearish Untested Weekly
Personal Opinion:
Following predicted line pretty well.
A strong correction/rejection has
occurred from a pretty expected
resistance. No major concern for
reversal. Likely continuation to 13k,
possibly 12.9k and then buying
pressure will resume. Good place
to (re)buy as 14k is highly likely.
1HR: Very Bearish
4HR: Bearish
Daily: Very Bullish
Weekly: Bullish
Monthly: Very Strong Bullish
Overall: Bullish
Volatility: High
Volume: High Selling Pressure
BTC Dominance: 62.75% - Falling
ALTS: Tradeable on Dips
Local Support: $12,916
Next Support: $12,711
Local Resistance: $13,3588
Next Resistance: $13,854
Fundamentals:
-4th November Elections - Potentially Very Bearish
-Stimulus Cheques - Potentially Very Bullish
-Continued PayPal Integrations - Very Bullish
Indicators:
- Bearish Order Block Correction to 13k
- Heavily Oversold
- Bearish Divergence
- Bearish Untested Weekly
Personal Opinion:
Following predicted line pretty well.
A strong correction/rejection has
occurred from a pretty expected
resistance. No major concern for
reversal. Likely continuation to 13k,
possibly 12.9k and then buying
pressure will resume. Good place
to (re)buy as 14k is highly likely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.