๐ค #BTCLIVE - 10.10 ๐ค
TLDR:
*Bullish:Bearish
Short-Term
60:40
Long-Term
70:30
OVERVIEW:
Its going to be a pretty quiet couple of days volaitlity wise I feel with little to no news on the cards from the fed - so we should be following TA quite nicely. There is a descending broadening wedge formed on the 1hr which is pretty bullish overall although it depends how close we are to Weds/Thurs before this market structure is broken. It is looking like a touch of $19.5k is on the cards to test the WEekly pivot and likely a drop back down to $19k. There are some big orders at $19k obviously. Losing that will very likely see $18.7k almost immediately and possibly start a much much bigger fall. In the opposite wat a break up of $19.5k could quickly see $20k again although I feel it will take a small miracle to break that this time round. Either way I am still toppping up my shorts for a visit to $18.7k personally.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Oversold on the 1hr
+ Descending Broadening Wedge Forming
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
+ New Bullish Weekly Pivot
+ BPT Dip Buy 1hr
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
KEY NEWS:
- Very volatile Weds & Thurs upcoming with CPI & PPI data coming in
- FTX and Visa partner to permit crypto payments in 40 countries
cryptopanic.com/news/16543378/FT...
- Justin Sun to purchase Huobi
- JUST IN: ๐ฌ๐ง Bank of England doubles QE bond-buying.
TLDR:
*Bullish:Bearish
Short-Term
60:40
Long-Term
70:30
OVERVIEW:
Its going to be a pretty quiet couple of days volaitlity wise I feel with little to no news on the cards from the fed - so we should be following TA quite nicely. There is a descending broadening wedge formed on the 1hr which is pretty bullish overall although it depends how close we are to Weds/Thurs before this market structure is broken. It is looking like a touch of $19.5k is on the cards to test the WEekly pivot and likely a drop back down to $19k. There are some big orders at $19k obviously. Losing that will very likely see $18.7k almost immediately and possibly start a much much bigger fall. In the opposite wat a break up of $19.5k could quickly see $20k again although I feel it will take a small miracle to break that this time round. Either way I am still toppping up my shorts for a visit to $18.7k personally.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Oversold on the 1hr
+ Descending Broadening Wedge Forming
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
+ New Bullish Weekly Pivot
+ BPT Dip Buy 1hr
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
KEY NEWS:
- Very volatile Weds & Thurs upcoming with CPI & PPI data coming in
- FTX and Visa partner to permit crypto payments in 40 countries
cryptopanic.com/news/16543378/FT...
- Justin Sun to purchase Huobi
- JUST IN: ๐ฌ๐ง Bank of England doubles QE bond-buying.
