BTC Technical | Fundamental | Statistics | Emotional Analysis

Technical Analysis :

We are currently at wave 5
After we finish wave 5 the ABC starts

The Trend is up (We wanna make sure that we have a proper risk management when we start this position)

Strong Resistance at 25300$-25500$ (We had 2 waterfalls in the past at this resistance)

Fib Levels :
23.6 : 22700$
38.2 : 21300$
50 : 20200$
61.8 : 19100$

Breaking 24200$-23800$ Confirms This “IDEA”

Fundamental Analysis :

-DXY is going Up with BTC which surprised a lot of traders
(maybe the reason Behind this PUMP is Binance USD (BUSD|USDC) Coinbase USD we saw millions of dollars minted by them)

-Today we have USD PPI/Job claims data released (16th FEB)

-BUSD FUD news is in the corner it seems that we have a battle between Coinbase and Binance
(Paxos seems in trouble)

Data/Statistics :

-At The moment Longs are more than shorts we could see more short liquidation at 25300$

-15B$ Liquidation at 25300$ (Shorts)

-20B$+ Liquidation at 20800$ (Longs)

Emotions Analysis :
-Bears are in disbelief
-Bulls are in profit maybe (euphoria) soon ….
-Fear greed index is at (Greed)

Thank you for reading maybe I update this idea in future I hope it helps some traders out there <3

*This is not an financial advice make sure to follow your own personal Ideas/Plans

If you believe this idea is useful make sure to support it for more ideas in future

Best of luck to Bears & Bulls

LVL_BTC

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