🤖 #BTCLIVE - 27.09 🤖
TLDR:
Short-Term (-1 Day)
500:50- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
40:60 - Bullish:Bearish
OVERVIEW:
Huge break out last night with Binances biggest every BTC trading volume recorded. This is a big factor as to what it could mean. Ultimately my yesterdays analysis still stands albeit a little bit ahead of time with $21k as the immediate target with a very hard rejection to hit there. Currently hitting some resistance now with a significant volume node in play. We currently have a small ascending channel and bearish divergence on the 1hr although if we can hold then it is a pretty straight shot to $21k which will take us to the top of the weekly pivot and also macro trendline.
I am overall quite bullish in the short term to $21k and with an expected heavy rejection back to $18.7k losing $19.9k will likely see the start of the fall back to $18.7k - we may however sit and consolidate here for day or so. Friday options expiry will bring a huge amount of volatility.
TECHNICAL ANALYSIS:
BULLISH FACTORS:
+ Huge breakout or descending broadening wedge
+ Little resistance to $21k
+ Huge volume coming in yesterday and today
+ Flipped Vwap, 200EMA, 50EMA and 20DEMA
+ Holding key support
+ Bullish Divergence on the 5 min
+ Bullish Divergence on the Daily
+ Descending Broadening Wedge on the Weekly
BEARISH FACTORS:
- Bearish Divergence on the 1h
- Bearish ascending channel forming
- Heavily oversold on wave and RSI
- Hitting large volume node resistance
- 50DEMA Resistance incoming
- Descending Triangle on the Daily - reaching trendline resistance
NEWS:
Bull:
+ Volatile week ahead Bitcoin Futures Expiry
+ Revolut has registered with regulator to offer ₿itcoin and crypto services in the U.K
+ Yesterday saw the biggest day of BTC volume ever on Binance!
+ FTX reportedly wins $50 million bid to acquire assets of bankrupt #crypto lender Voyager Digital.
Bear:
- Volatile week ahead with Powell, Bitcoin Futures Expiry
MARKET SENTIMENT:
Fear & Greed Index - Sep 27, 2022:
Today: 20 (Extreme Fear)
Yesterday: 21 (Extreme Fear)
Avg. 1W: 22 😱
Avg. 2W: 23 😱
Avg. 1M: 24 😱
Avg. 2M: 29 😱
Avg. 3M: 27 😱
Avg. 6M: 23 😱
Avg. 1Y: 32 😣
🔸 #Bitcoin
Price: $19,211
24h Low: $18,709
24h High: $19,275
MC Change: $7.4B (2.0%)
Dominance: 37.7%
24h: 2.3%
7d: -1.8%
14d: -14.0%
30d: -4.3%
60d: -19.4%
200d: -51.3%
1y: -55.7%
TLDR:
Short-Term (-1 Day)
500:50- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
40:60 - Bullish:Bearish
OVERVIEW:
Huge break out last night with Binances biggest every BTC trading volume recorded. This is a big factor as to what it could mean. Ultimately my yesterdays analysis still stands albeit a little bit ahead of time with $21k as the immediate target with a very hard rejection to hit there. Currently hitting some resistance now with a significant volume node in play. We currently have a small ascending channel and bearish divergence on the 1hr although if we can hold then it is a pretty straight shot to $21k which will take us to the top of the weekly pivot and also macro trendline.
I am overall quite bullish in the short term to $21k and with an expected heavy rejection back to $18.7k losing $19.9k will likely see the start of the fall back to $18.7k - we may however sit and consolidate here for day or so. Friday options expiry will bring a huge amount of volatility.
TECHNICAL ANALYSIS:
BULLISH FACTORS:
+ Huge breakout or descending broadening wedge
+ Little resistance to $21k
+ Huge volume coming in yesterday and today
+ Flipped Vwap, 200EMA, 50EMA and 20DEMA
+ Holding key support
+ Bullish Divergence on the 5 min
+ Bullish Divergence on the Daily
+ Descending Broadening Wedge on the Weekly
BEARISH FACTORS:
- Bearish Divergence on the 1h
- Bearish ascending channel forming
- Heavily oversold on wave and RSI
- Hitting large volume node resistance
- 50DEMA Resistance incoming
- Descending Triangle on the Daily - reaching trendline resistance
NEWS:
Bull:
+ Volatile week ahead Bitcoin Futures Expiry
+ Revolut has registered with regulator to offer ₿itcoin and crypto services in the U.K
+ Yesterday saw the biggest day of BTC volume ever on Binance!
+ FTX reportedly wins $50 million bid to acquire assets of bankrupt #crypto lender Voyager Digital.
Bear:
- Volatile week ahead with Powell, Bitcoin Futures Expiry
MARKET SENTIMENT:
Fear & Greed Index - Sep 27, 2022:
Today: 20 (Extreme Fear)
Yesterday: 21 (Extreme Fear)
Avg. 1W: 22 😱
Avg. 2W: 23 😱
Avg. 1M: 24 😱
Avg. 2M: 29 😱
Avg. 3M: 27 😱
Avg. 6M: 23 😱
Avg. 1Y: 32 😣
🔸 #Bitcoin
Price: $19,211
24h Low: $18,709
24h High: $19,275
MC Change: $7.4B (2.0%)
Dominance: 37.7%
24h: 2.3%
7d: -1.8%
14d: -14.0%
30d: -4.3%
60d: -19.4%
200d: -51.3%
1y: -55.7%
Komentar:
50:50 Bullish:Bearish lol*
