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$4000 Temporary Short/Long Analysis

Nouvive in conjunction with Nouvive Intelligence has done an indepth analysis of Short/Long and accumulation periods of Bitcoin to find that BTC over the next several days will revisit $3518 before deciding what to do next. 

The chart above illustrates the following

  • Following the pump from $3300 to $4100, we saw Longs exchausted and eagerly taking profit in anticipation of a dump.
  • Shorts hit a double top that was last seen in September – a key area of where shorts exhaust themselves.
  • Shorts dipped seeing a key area of resistance in both October and November, this is where shorts currently lie at the moment at 36521 to 26958 longs.
  • A re-test of the support area saw Shorts dip back up, especially on the 3D Chart where $4299 is the resistance for the 15MA – a key indicator for resistance seen over the past several months.
  • Accumulation following the resistance levels with BTC being denied saw accumulation on the OBV Dip.
  • Despite all of this MACD is indication that for the first time since June, we are seeing a growth for Bitcoin.
  • This matched with RSI Stochastic illustrates there is still some ay to go for BTC, potentially to test $4678.

Nouvive Says: It is more than likely that we will see a 12.95% increase over the christmas period as traders and institutions step away from the table and algorithms step in to take over and continue the selling pressure. A re-test of the key support area for shorts illustrate that they are slowly building up 6% day on day over the past 3 days. The inability for BTC to past the 15MA is worrying for a short-term outlook.

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ViFeed Indicators

Bitcoin (BTC)
65.00 RSI
Ethereum (ETH)
67.00 RSI
34.00 RSI
Tether (USDT)
29.00 RSI
Bitcoin Cash (BCH)
57.00 RSI
Bitcoin SV (BSV)
35.00 RSI
Litecoin (LTC)
40.00 RSI
Binance Coin (BNB)
55.00 RSI
48.00 RSI
Tezos (XTZ)
59.00 RSI
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