Volatility: Losing supports now, broken out of consolidation triangle > more big movements expected
ALTS: BTC Dom DOWN+ BTC Price DOWN = ALTS Stable > Slightly bleeding
Local Support: 33.7k Next Support: 32.4k Next Support: (MAJOR): 30k.5k Next Support: 28.1k
Local Resistance: 38k Next Resistance: 40k
Top 5 Fundamentals: - Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish - $2000 Stimulus Package Potential - Will Biden accerate now - Hugely Bullish - Greyscale statign to realise BTC Profit - Bearish - BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish) - Bullish - Biden pus hold on Trumps Private Crypto Wallet information sharing - Bullish
Personal Opinion: Keeping prediction short-term here in light of Biden taking over and the coming days being potentially very volatile in either direction. For Crypto - for entire economy.
Paths are printed on chart but my sentiment is leaning towards rejection at 32.4k (Some bigger buy walls around here now) to 33.7k and then a retest of the 32.4k with a small breakdown to 30.5k where we will see some strong relief. After that it is at the New Presidents mercy!!!! #STIMULUS