🤖 #BTCLIVE - 27.09 🤖
Updated
🤖 #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%
Note
50:50 Bullish:Bearish lol*
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