🤖 #BTCLIVE - 09.10 🤖
TLDR:
*Bullish:Bearish
Short-Term
80:20
Long-Term
60:40
OVERVIEW:
Not a huge change in outlokk from last BTCLIVE, we rejected from the macro trendline and tracking slowly down to the core support at $18.7k region where we will either bounce back up to $19.7k region or break and start the journey towards the new local lower low. This should be sitting arounf the $17k and below region. Either way a short isn't a bad move to be making right now. The volatility from WED and Thurs data could be the straw that breaks the camels support here as timeline wise it is looking like it will sync.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
- Bearish Divergence
- Local Bearish Trendline 1hr
- Local Resistance 1hr & TD9
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...
TLDR:
*Bullish:Bearish
Short-Term
80:20
Long-Term
60:40
OVERVIEW:
Not a huge change in outlokk from last BTCLIVE, we rejected from the macro trendline and tracking slowly down to the core support at $18.7k region where we will either bounce back up to $19.7k region or break and start the journey towards the new local lower low. This should be sitting arounf the $17k and below region. Either way a short isn't a bad move to be making right now. The volatility from WED and Thurs data could be the straw that breaks the camels support here as timeline wise it is looking like it will sync.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
- Bearish Divergence
- Local Bearish Trendline 1hr
- Local Resistance 1hr & TD9
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...
