The Test Of 6100Bitcoin ‘GOLD 2.0’ Overview: Todays Open saw Bitcoin open below what was support @ 6400 which now turns into resistance. The Squeeze into the apex saw bears take control taking the market to the 6100 support also. From here for price needs to have strength this bounce off 6100 needs to stay and break higher highs above 7000. However resistance looks strong and a heavy down side looks more in play. If we break 5600 we could see price trickle to the trend line below in the coming days.
Support Levels: 6100 has now become Support
Resistance Levels: 6400 is Resistance
Point of Interest: watching price to see if it makes a higher high or break the low @ 5600
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.2%
Approximate Bitcoin in Circulation: 18,291,313 BTC
Approximate Bitcoin Left to Mine: 2,711,038 BTC
Road to 21,000,000 Bitcoin Mined: 87.10%
Approximate Days Until Halving: 44-47 Days
Daily
Current Price: $6292 USD
Daily Change %: -1.30%
Market Cap: $114,485,324,937.50 USD
24 Hour Volume: $34,921,375,619 USD
Population of the World: ~7,773,897,058+ humans
Bitcoin/World Population: ~ 0.002352914228672 Satoshi’s / $14.78 USD per person
Trading Quote
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd. - Warren Buffett
GOLD: $1627.32 USD -22.78 -1.38% Gold has fallen $22 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1,448 Bitcoin ($9,076,887 USD) transferred from Binance ➡️ Unknown wallet
OTC
Bitcoin Into The APEX Still: Bitcoin ‘GOLD 2.0’ Overview: Into the Apex we go… Which way we flow nobody knows… Well this squeeze will end up going somewhere... Todays price structure saw a dip to the support around the low at 6400 and then the settle point around 6700. A considerable move in any other traditional market, yet this is Bitcoin.
As of yesterdays write up. From the outer we see the bigger downward channel that current price sees itself slowly flowing up to the mid point. Within this from prior weeks the inner downward channel is still in play and acting as a resistance point. Bitcoin has had a bounce from the lows of the trend line from last year to pass through the resistance with is now support of the previous low from the 18th of Dec.
Once again, from here if we pop up through to 6800-7000 will be within the smaller downward channel and possible for price to flow downwards again. However if price follows the upward channel price could test 8000. With current world economy we aren’t holding our breathe.
Support Levels: 6400 has now become Support
Resistance Levels: 7400 is the next major resistance with 6900 being a zone to push through
Point of Interest: APEX - It’s all about the APEX today to see where price will settle
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.6%
Approximate Bitcoin in Circulation: 18,288,963 BTC
Approximate Bitcoin Left to Mine: 2,711,038 BTC
Road to 21,000,000 Bitcoin Mined: 87.09%
Approximate Days Until Halving: 45-48 Days
Daily
Current Price: $6660 USD
Daily Change %: -1.38%
Market Cap: $121,758,767,843.75 USD
24 Hour Volume: $36,519,962,169 USD
Population of the World: ~7,773,639,500+ humans
Bitcoin/World Population: ~ 0.002352689882262 Satoshi’s / $15.66 USD per person
Trading Quote
Patterns don't work 100% of the time. But they are still critical because they help you define your risk. If you ignore patterns and focus on hunches, feelings, and hot tips, just forget about achieving consistency. -Ifan Wei
GOLD: $1627.32 USD -22.78 -1.38% Gold has fallen $22 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 800 Bitcoin ($5,443,781 USD) transferred from Sygnia ➡️ Unknown wallet
Bitcoin Into The APEXBitcoin ‘GOLD 2.0’ Overview: After an indecisive daily candle yesterday we see price open slightly lower. In a way this is great that the bulls pushed higher, yet sellers pushed back to the 6400 support and we settled above. We are forming an upward channel that price is respecting whilst being in an overall downward channel. Now APEX, If we remain above the 6400 support and don’t break 7000 price will be interesting tomorrow as its coming into the apex. This can lead to two scenarios price breaks into the downward channel yet still follows the upward channel movement. Or we’ll see price settle and follow the smaller downward channel down.
In respect to global markets at present regardless of money printing we are still on the edge of the cliff.
Support Levels: 6400 has now become Support
Resistance Levels: 7400 is the next major resistance with 6900 being a zone to push through
Point of Interest: APEX - It’s all about the APEX today to see where price will settle
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 66%
Approximate Bitcoin in Circulation: 18,286,650 BTC
Approximate Bitcoin Left to Mine: 2,713,350 BTC
Road to 21,000,000 Bitcoin Mined: 87.08%
Approximate Days Until Halving: 46-49 Days
Daily
Current Price: $6736 USD
Daily Change %: 0.67%
Market Cap: $123,350,768,910.00 USD
24 Hour Volume: $44,590,849,911 USD
Population of the World: ~7,773,376,826+ humans
Bitcoin/World Population: ~ 0.002352471829082 Satoshi’s / $15.84 USD per person
Trading Quote
No price is too low for a bear or too high for a bull.
-Unknown
GOLD: $1607.48 USD -24.80 -1.52% Gold has fallen $24 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1500 Bitcoin ($10,011,682 USD) transferred from OKEx ➡️ Unknown wallet
Bitcoin To Push 7000Bitcoin ‘GOLD 2.0’ Overview: We currently see price sitting above the support at 6400 moving toward the centre of the downward channel. Our eyes are on the orange arrow as if price can push up we will see rejection or a consolidation point at this apex. If price is strong enough to push the smaller downed channel 7400 will be a point to contend. Below this we may see price settle around the Dec 2019 low settling at 6400.
Support Levels: 6400 has now become Support
Resistance Levels: 7400 is the next major resistance with 6900 being a zone to push through
Point of Interest: Currently watching price can move to the 7000 area and stay there.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.8%
Approximate Bitcoin in Circulation: 18,285,525 BTC
Approximate Bitcoin Left to Mine: 2,714,475 BTC
Road to 21,000,000 Bitcoin Mined: 87.07%
Approximate Days Until Halving: 47-51 Days
Daily
Current Price: $6639 USD
Daily Change %: -1.57%
Market Cap: $121,893,138,202.50 USD
24 Hour Volume: $46,590,866,471 USD
Population of the World: ~7,773,164,830+ humans
Bitcoin/World Population: ~ 0.00235239125889 Satoshi’s / $15.61 USD per person
Trading Quote
How many millionaires do you know who have become wealthy by investing in savings accounts? -Robert G Allen
GOLD: $1619.28 USD -40.92 -2.45% Gold has fallen $40 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 841 Bitcoin ($5,708,198 USD) transferred from Binance ➡️ Unknown wallet
Bitcoin Bounce Above The Previous Major Low, Showing Strength Bitcoin ‘GOLD 2.0’ Overview: Yesterday saw a strong push to the upside. Todays candle closing above the 6400 resistance (now becoming support) shows momentum to the upside, however not in the clear yet. A close here will strengthen the upward movement with a push to 7000. For the time being for strength we want to see this market move above the 7850 mark denoted by the orange arrow.
Support Levels: 6400 has now become Support
Resistance Levels: 7400 is the next major resistance with 6900 being a zone to push through
Point of Interest: Currently watching price can move to the 7000 area and stay there.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.3%
Approximate Bitcoin in Circulation: 18,283,950 BTC
Approximate Bitcoin Left to Mine: 2,716,050 BTC
Road to 21,000,000 Bitcoin Mined: 87.07%
Approximate Days Until Halving: 50-52 Days
Daily
Current Price: $6590 USD
Daily Change %: +1.46%
Market Cap: $120,562,537,905.00 USD
24 Hour Volume: $47,053,656,453 USD
Population of the World: ~7,772,937,315+ humans
Bitcoin/World Population: ~ 0.002352257487619 Satoshi’s / $15.5 USD per person
Trading Quote
If all the economists were laid end to end, they'd never reach a conclusion. -George Bernard Shaw
GOLD: $1571.02 USD +4.02 +0.26% Gold has risen $4 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1,002 Bitcoin ($6,408,900 USD) transferred from OKEx ➡️ Unknown wallet
BIG WEEK AHEAD, What Will Bitcoin Do:Bitcoin ‘GOLD 2.0’ Overview: Last week we saw moves from the 4400 mark to 6900 closing once again indecisively at the bottom of the downward channel. Once again with current world economics, bitcoin this week could follow the other markets with respect with being paired to the USD.
Foe Bitcoin safety zone we need to see strength and a gain in price to the 6400 level and above. We need to see some daily candles close above this for the week. If price is to come back down to the wicks of the previous weekly candles price is coming into the apex of this triangle and weakness may continue.
Support Levels: 5000
Resistance Levels: 6100 is the next major resistance
Point of Interest: Price action within the downward channel. We are watching if we move up to the centre for strength or follow other worldwide markets and drop further.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65%
Approximate Bitcoin in Circulation: 18,282,413 BTC
Approximate Bitcoin Left to Mine: 2,721,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.06%
Approximate Days Until Halving: 51-53 Days
Daily
Current Price: $5891 USD
Daily Change %: +1.27%
Market Cap: $106,580,229,512.87 USD
24 Hour Volume: $40,588,554,888 USD
Population of the World: ~7,772,266,239+ humans
Bitcoin/World Population: ~ 0.002352262832719 Satoshi’s / $13.85 USD per person
Trading Quote
In investing, what is comfortable is rarely profitable.
-Robert Arnott
GOLD: $1498.38 USD +14.38 +0.97% Gold has risen $14 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1,815 Bitcoin ($11,347,491 USD) transferred from Unknown wallet ➡️ Bitflyer
The Question Is Bitcoin Bottom Or More Downside |Bitcoin ‘GOLD 2.0’ Overview: Last four days we’ve seen bitcoin print 4 positive days moving in a range of $2000 from 5k-7k. However is this strength over all? Next week will be very telling to the direction of the market. We are seeing more flow into OTC orders with fresh clients and some flicking to tether,
Market structure the resistance at 6400 from the low at the 18th of Dec is a pivotal point to brake and rise above. If bitcoin can do that next week and move to the centre of the channel this will show positive strength.
Most likely if world markets fall bitcoin will take a hit. ?If market breaks 5000k to the downside will change the overall structure of this current market.
We are still looking for bitcoin to pass through the centre of the downward channel to look for longer timeframe bullish signal.
Support Levels: 6100 flips to support
Resistance Levels: 7400 is the next major resistance
Point of Interest: Price action within the downward channel.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.2%
Approximate Bitcoin in Circulation: 18,279,388 BTC
Approximate Bitcoin Left to Mine: 2,721,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.04%
Approximate Days Until Halving: 53-55 Days
Daily
Current Price: $6250 USD
Daily Change %: 0.70%
Market Cap: $113,840,369,472.50 USD
24 Hour Volume: $54,307,007,190 USD
Population of the World: ~7,772,266,239+ humans
Bitcoin/World Population: ~ 0.002351873628348 Satoshi’s / $14.69 USD per person
Trading Quote
You learn in this business… if you want a friend, get a dog. - Carl Icahn
GOLD: $1498.38 USD +14.38 +0.97% Gold has risen $14 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,003 Bitcoin ($18,522,102 USD) transferred from Gemini ➡️ Unknown wallet
Bitcoin Lil Pump / 76,125 BTC moved from wallet Binance-UnknownBitcoin ‘GOLD 2.0’ Overview: The question is ‘Was that the bottom or first BIG leg down’?
For Bitcoin Strength we’d like to see bitcoin flow to the middle of the channel punching throw the previous low at 6500. This would install a lot of confidence back into the market during these world economic times.
For a bearish scenario we’ve left the triangle do the bottom of the lower downward channel line and the trend line from previous lows from dec 2018 / Jan 2019. However Bitcoin will need to break below 5000 which will be a large support area.
Support Levels: 6100 flips to support
Resistance Levels: 7400 is the next major resistance
Point of Interest: Price action back into the downward channel.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overal l
Approximate Bitcoin Dominance: 64.6%
Approximate Bitcoin in Circulation: 18,278,188 BTC
Approximate Bitcoin Left to Mine: 2,721,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.04%
Approximate Days Until Halving: 53-55 Days
Daily
Current Price: $6266 USD
Daily Change %: 1.50%
Market Cap: $114,083,307,281.25 USD
24 Hour Volume: $51,116,233,547 USD
Population of the World: ~7,772,097,389+ humans
Bitcoin/World Population: ~ 0.002351770324683 Satoshi’s / $14.74 USD per person
Trading Quote
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
-George Soros
GOLD: $1498.73 USD 20.35.33% Gold has risen $20.33 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 76,125 Bitcoin ($470,882,547 USD) transferred from Binance ➡️ Unknown wallet
Bitcoin Still Sitting On A PerchBitcoin ‘GOLD 2.0’ Overview: Yesterday we saw a a drop down to the 5000 support level. We’ve opened todays candle in the same area of comfort levels of the previous and still sitting on a perch.
Market very indecisive considering the global markets. We will continue to watch price around this triangle for future movement play.
Support Levels: On it now at 5000
Resistance Levels: 6100 is currently resistance
Point of Interest: Price movement the bottom of this price channel is of interest.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.3%
Approximate Bitcoin in Circulation: 18,276,838 BTC
Approximate Bitcoin Left to Mine: 2,723,163 BTC
Road to 21,000,000 Bitcoin Mined: 87.03%
Approximate Days Until Halving: 54-56 Days
Daily
Current Price: $5350 USD
Daily Change %: —1.22%
Market Cap: $97,086,560,800.00 USD
24 Hour Volume: $39,584,869,837 USD
Population of the World: ~7,771,859,900+ humans
Bitcoin/World Population: ~ 0.002351668485429 Satoshi’s / $12.58 USD per person
Trading Quote
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. -Paul Tudor Jones
GOLD: $1472.49 USD -4.81 0.33% Gold has fallen $4.7 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 950 Bitcoin ($5,058,248 USD) transferred from OKEx ➡️ Unknown wallet
GBTC - OTC market all the time buyingI will introduce you to the instrument that shows off-exchange transactions.
in the OTC market now people are just buying up bitcoin in crowds.
Friends and you are advised to enter the portfolio share.
the graph itself is hard to analyze because of many of the GEPs
But it's noticeable that we've broken into the rang zone
To close the gap at OTC is 70% growth for the bitcoin ahead.
otc is an indicator ahead of the bitcoin chart.
Bitcoin Sitting On The Downward Channel Perch:Bitcoin ‘GOLD 2.0’ Overview: Crazy last few days hey! We’ve been waiting for movement since open, dribbling down under the downward channel trend line back into the triangle. For todays trading a smaller candle will not show strength or convince, so bulls have to push this back up into the wicks of the previous days at least.
One would anticipate, especially with coronavirus news coming out of the states that this market may be heavier. Our eyes are on the hold wishing this triangle.
Support Levels: On it now at 5000
Resistance Levels: 6100 is currently resistance
Point of Interest: Price movement the bottom of this price channel is of interest.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.7%
Approximate Bitcoin in Circulation: 18,275,525 BTC
Approximate Bitcoin Left to Mine: 2,724,475 BTC
Road to 21,000,000 Bitcoin Mined: 87.03%
Approximate Days Until Halving: 55-57 Days
Daily
Current Price: $5226 USD
Daily Change %: -2.11%
Market Cap: $98,748,144,232.50 USD
24 Hour Volume: $36,145,724,688 USD
Population of the World: ~7,771,650,880+ humans
Bitcoin/World Population: ~ 0.002351562786619 Satoshi’s / $12.39 USD per person
Trading Quote
Markets can remain irrational longer than you can remain solvent. -John Maynard Keynes
GOLD: $15151.19 USD +25.30 +1.56% Gold has risen $25.30 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 6,125 Bitcoin ($33,388,221 USD) transferred from Unknown wallet ➡️ OKEx
Bitcoin Lower Trend line from Dec 2017 / Jan 2019 HOLDBitcoin ‘GOLD 2.0’ Overview: All markets freaking out around the world many still unaware of how this will affect them in the not to distant future and Bitcoin dropping and settling at the bottom of the lower trend line from a foundation point of Dec 2017/ Jan 2019.
We see Bitcoin settle in the triangle under the downward channel and perched on the trend line. This market , all things considered, looks more heavy.
We’ve been doing some in-depth analysis in regards to the stretch of Bitcoin, crypto and looking at our friend Gold also and how its reacting to the market. However, with a lot of pressure from the world economy, we break here might be a little more violent then one expects.
Follow your trading rules, A LOT of money can be made in a falling market. But your capital can also get fucked and wiped out.
Support Levels: On it now at 5000
Resistance Levels: 6100 is currently resistance
Point of Interest: Price movement the bottom of this price channel is of interest.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,273,825 BTC
Approximate Bitcoin Left to Mine: 2,726,175 BTC
Road to 21,000,000 Bitcoin Mined: 87.02%
Approximate Days Until Halving: 56-58 Days
Daily
Current Price: $5030.4 USD
Daily Change %: -0.56%
Market Cap: $91,473,285,802.50 USD
24 Hour Volume: $44,964,542,770 USD
Population of the World: ~7,771,370,809+ humans
Bitcoin/World Population: ~ 0.002351428782531 Satoshi’s / $11.82 USD per person
Trading Quote
“Traders need a daily routine that they love. If you don't love it, you're not gonna do it.”
GOLD: $15151.19 USD +25.30 +1.56% Gold has risen $25.30 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 2000 Bitcoin ($9,926,015 USD) transferred from Binance ➡️ Unknown wallet
Bitcoin In the Yellow Triangle WEEKLY OUTLOOK:Bitcoin ‘GOLD 2.0’ Overview: With the news from the Federal Reserve announcing they're emergency cutting rates to zero and launching a massive quantitive basin g program to do $700 billion in asset purchases we saw a slight upward movement and rejection to that news at the 6100 mark For Bitcoin. This is a positive sign for bitcoin however its still following other markets. And now has settled back into the triangle depicted on the charts.
For the week bulls need to push and close this candle above 5500 to get out of this area. Consolidation here looks more heavy then bullish. If price remains range bound between 4900 -5400 by the end of the week price needs to stable at present price around 5300.
Intently watching price movement within the triangle. The bulls need to show straight above this, and MUST do this by the end of the week or we will be breaking the lower trend line depicted from December 2017 / January 2018. We would look for a bounce here.
If a daily candle breaks below this then Bears could fully drop this market to the next support.
Support Levels: Next support is at 5000
Resistance Levels: 6100 is currently resistance
Point of Interest: Price movement the bottom of this price channel is of interest. Price has consolidated in terms of range and smaller candles then previous.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.8%
Approximate Bitcoin in Circulation: 18,272,400 BTC
Approximate Bitcoin Left to Mine: 2,727,600 BTC
Road to 21,000,000 Bitcoin Mined: 87.01%
Approximate Days Until Halving: 56-58 Days
Daily
Current Price: $5296.5 USD
Daily Change %: -1.61%
Market Cap: $96,741,394,560.00 USD
24 Hour Volume: $33,956,367,282 USD
Population of the World: ~7,771,152,610+ humans
Bitcoin/World Population: ~ 0.00235131143564 Satoshi’s / $12.45 USD per person
Trading Quote
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones.
GOLD: $1529.29 USD +16.40 +1.08% Gold has risen $16.02 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1,232 Bitcoin ($6,549,385 USD) transferred from Unknown Wallet ➡️ Huobi
Bitcoin Trickle Trickle - 24hr VOLUME DROP >>>Bitcoin ‘GOLD 2.0’ Overview: $58,557,978,685 to 32,014,233,044 24hour volume change… We know it’s the weekend, but wow!
I’ll be brutally honest, not much spice today, one would think the liquidations would reverse price movement.
Currently awaiting close of next daily candle.
Support Levels: Next support is at 5000 STILL
Resistance Levels: 6100 is currently resistance STILL
Point of Interest: Price movement the bottom of this price channel is of interest. Price has consolidated in terms of range and smaller candles then previous. Watching for a settle or a push in a direction to LOAD UP.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.9%
Approximate Bitcoin in Circulation: 18,271,375 BTC
Approximate Bitcoin Left to Mine: 2,728,625 BTC
Road to 21,000,000 Bitcoin Mined: 87.01%
Approximate Days Until Halving: 57-60Days
Daily
Current Price: $5451.8 USD
Daily Change %: +5.52%
Market Cap: $97,165,345,112.50 USD
24 Hour Volume: $32,014,233,044 USD
Population of the World: ~7,770,762,360+ humans
Bitcoin/World Population: ~ 0.002351297614511 Satoshi’s / $12.81 USD per person
Trading Quote
“Unfortunately, in a recession, the people who suffer the most aren’t the rich, but the wanna-be rich and the poor.”
GOLD: $1529.29 USD -60 -3.78% Gold has fallen $60 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,788 Bitcoin ($20,312,054 USD) transferred from OKEx ➡️ Unknown Wallet
Bitcoin Within Downward Channel -Another run down or stable 6500Bitcoin ‘GOLD 2.0’ Overview: After yesterdays low at 4000 we saw that candle close at the 5600 mark. This is situated within the larger downward channel. Looking at the charts we will leave the triangle below this downward channel and the lower trend line there as price could re break through and touch around the 4900 mark.
A recover in ‘normal’ crypto markets top the having could happen, however with markets falling globally these structures aren’t as predictable other than price zones to reach. We continue to watch the market play our worldwide.
Support Levels: Next support is at 5000
Resistance Levels: 6100 is currently resistance
Point of Interest: Price movement the bottom of this price channel is of interest. Will we consolidate, drop a little bit downwards, or a lot more again?
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.3%
Approximate Bitcoin in Circulation: 18,269,788 BTC
Approximate Bitcoin Left to Mine: 2,730,213 BTC
Road to 21,000,000 Bitcoin Mined: 87%
Approximate Days Until Halving: 58-61Days
Daily
Current Price: $5468 USD
Daily Change %: -2.8%
Market Cap: $100,049,010,307.50 USD
24 Hour Volume: $58,557,978,685 USD
Population of the World: ~7,770,762,360+ humans
Bitcoin/World Population: ~ 0.002351093387445 Satoshi’s / $12.85 USD per person
Trading Quote
“During recession greed dies, frugality survives.”
― Amit Kalantri
GOLD: $1529.29 USD -60 -3.78% Gold has fallen $60 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3000 Bitcoin ($16,712,456 USD) transferred from Unknown Wallet ➡️ Coinbase
What halving? Economic effects take hold Bitcoin shits itself:Bitcoin ‘GOLD 2.0’ Overview: It’s a funny thing (say that lightly) what Bitcoin has done in relation top the wider economic markets and a lot of leverage trading heat, but what a time to be alive. Through mass arbitrage opportunity and and a very volatile market while many get hit big. Some will also profit.
Being short since 9800 we took some profit off the table to ride the rest. Our fund sitting ok. However the question is is this the bottom.
Answer: Don’t know and this game is full of variables and its those you need to account for and strategies wit as well as a money management strategy to boot.
We see that price action has dived down to 4000 USD and now sucked back up to 5400 area. What we wish to point out is the coward channel’s however line and the trend line from price action over the years (yes years, we are in this territory)
If todays candle closes within the triangle we’d expect a squeeze
If it closes above we could see strength to 6500
We’ll await price action however we are below 6500 and are Officially Bearish.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.7%
Approximate Bitcoin in Circulation: 18,267,850 BTC
Approximate Bitcoin Left to Mine: 2,732,150 BTC
Road to 21,000,000 Bitcoin Mined: 86.99%
Approximate Days Until Halving: 59-62Days
Daily
Current Price: $5555 USD
Daily Change %: -29.91%
Market Cap: $100,821,212,538.22 USD
24 Hour Volume: $67,097,791,565 USD
Population of the World: ~7,770,505,400+ humans
Bitcoin/World Population: ~ 0.002350921730265 Satoshi’s / $13.05 USD per person
Trading Quote
“Only when the tide goes out do you discover who's been swimming naked.”
― Warren Buffett,
GOLD: $1558.51 USD -30.73 -1.90% Gold has fallen $30 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 5,000 Bitcoin ($22,131,398 USD) transferred from Unknown Wallet ➡️ Bitmex
Bitcoin Licking 8000, Need Some StrengthBitcoin ‘GOLD 2.0’ Overview: We see bitcoin struggling to bounce higher than 8000 at present. Price continues to stay within this downward channel. Yesterdays price action bounced off 7700 and price needs to come up to 8400 to show strength. We are still in the price formation of lower highs and lower lows making this structure more bearish.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.7%
Approximate Bitcoin in Circulation: 18,265,775 BTC
Approximate Bitcoin Left to Mine: 2,734,225 BTC
Road to 21,000,000 Bitcoin Mined: 86.98%
Approximate Days Until Halving: 60-63Days
Daily
Current Price: $7973 USD
Daily Change %: +0.05%
Market Cap: $145,466,820,621.36 USD
24 Hour Volume: $38,516,827,140 USD
Population of the World: ~7,770,250,999+ humans
Bitcoin/World Population: ~ 0.002350731656204 Satoshi’s / $18.74 USD per person
Trading Quote
‘Do more of what works and less of what doesn’t.’ - Steve Clark
GOLD: $1644.82 USD +3.45 +0.22% Gold has risen $3 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1001 Bitcoin ($7,912,439 USD) transferred from OKEx ➡️ Unknown Wallet
Bitcoin Strength Needed - Follow Weekly Downward ChannelBitcoin ‘GOLD 2.0’ Overview: Yesterday, we posted about the weekly chart and its evident we are in a downward channel on the bigger time frame. From a daily point of view price this week needs to break 8400 at the very least to have powering breaking the highs.
At present we are at the whim of global economic markets , however fairing better than most. Strength is needed so Bitcoin stands out on its own. When it does that more money will flow into the beast. We do have the having coming up which one would consider some strength to be shown. This could be the sling shot over the next couple of months.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.1%
Approximate Bitcoin in Circulation: 18,264,263 BTC
Approximate Bitcoin Left to Mine: 2,735,738 BTC
Road to 21,000,000 Bitcoin Mined: 86.97%
Approximate Days Until Halving: 61-64Days
Daily
Current Price: $7954 USD
Daily Change %: -0.17%
Market Cap: $145,569,824,977.50 USD
24 Hour Volume: $42,307,531,193 USD
Population of the World: ~7,770,023,305+ humans
Bitcoin/World Population: ~ 0.002350605948408 Satoshi’s / $18.69 USD per person
Trading Quote
“Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.”― Yvan Byeajee
GOLD: $1652.50 USD -6.62 -0.40% Gold has fallen $6 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 773 Bitcoin ($6,069,724 USD) transferred from Coinbase ➡️ Unknown Wallet
Bitcoin Weekly Candle - Need Strength Or Sub 7400 Incoming:Bitcoin ‘GOLD 2.0’ Overview: A lot of financial markets falling it’s been an interesting last few weeks, We see BTC fall in value also (this far). We zoom out to the weekly chart to see some defining points. If this is the 5th week of downward momentum then BTC has to show some strength or at the very least consolidation for a week or two. There's some support @ 7700 although a break of 7400 would put bitcoin in an area of weakness.
This weeks weekly candle is key and price needs to hold above 7800 to get back up into the moment we had in January. The question remains if Feb/March price action wipes out the January move then with 60 days into the having you’d assume we stay at these levels.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Direction and close of this weekly candle. 4 weeks of downward pressure wiping out Januaries gains.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.7%
Approximate Bitcoin in Circulation: 18,262,650 BTC
Approximate Bitcoin Left to Mine: 2,737,350 BTC
Road to 21,000,000 Bitcoin Mined: 86.97%
Approximate Days Until Halving: 62-64 Days
Daily
Current Price: $7930 USD
Daily Change %: -0.47%
Market Cap: $145,513,142,670.00 USD
24 Hour Volume: $46,662,732,267 USD
Population of the World: ~7,769,806,890+ humans
Bitcoin/World Population: ~ 0.002350463822145 Satoshi’s / $18.63 USD per person
Trading Quote
“Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite
GOLD: $1668.21 USD -6.29 -0.44% Gold has fallen $6 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 1,425 Bitcoin ($11,296,915 USD) transferred from Coinbase ➡️ OKEx
Bitcoin Price Dive Below 8000Bitcoin ‘GOLD 2.0’ Overview: Eyes on Bitcoin falling through 8000 after yesterdays $900 drop. Simply going to point out the lower highs and lower lows and until this trend is broken that the price action doesn’t look to have much strength here. For bulls to change it up they are going to have to have buying power back past 8400 through to breaking the lower high at 9300.
Support Levels: Next support is at 7400
Resistance Levels: 8000 is currently resistance
Point of Interest (the daily structure with the lower highs and lower lows are of interest showing a bearish market
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,261,063 BTC
Approximate Bitcoin Left to Mine: 2,738,938 BTC
Road to 21,000,000 Bitcoin Mined: 86.96%
Approximate Days Until Halving: 63-65 Days
Daily
Current Price: $7890 USD
Daily Change %: -2.25%
Market Cap: $145,314,230,950.00 USD
24 Hour Volume: $41,288,268,957 USD
Population of the World: ~7,769,623,335+ humans
Bitcoin/World Population: ~ 0.002350315094136 Satoshi’s / $18.54 USD per person
Trading Quote
“Bulls make money, bears make money, pigs get slaughtered.”
GOLD: $1674.52 USD +8.12 +0.49% Gold has risen $8 USD within the day.
Bitcoin Variables In Play: Holding Downward Channel.. For now:Bitcoin ‘GOLD 2.0’ Overview: A break of the low at 8700 would signal that the downtrend is definitely in play.
With two down days you have to ask yourself if this downtrend is going to continue…….
Break lower…. With this price action if price is to break 8400 we are falling further.
Support Levels: 8400 Turns into Support
Resistance Levels: 9100 is the Resistance area
Channel of Interest (marked with the yellow rectangle) We are back in the downward channel. Downward momentum still intact
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.8%
Approximate Bitcoin in Circulation: 18,260,113 BTC
Approximate Bitcoin Left to Mine: 2,739,888 BTC
Road to 21,000,000 Bitcoin Mined: 86.95%
Approximate Days Until Halving: 63-65 Days
Daily
Current Price: $8705 USD
Daily Change %: -2.4%
Market Cap: $158,824,632,513.75 USD
24 Hour Volume: $36,767,678,842 USD
Population of the World: ~7,769,490,800+ humans
Bitcoin/World Population: ~ 0.002350232913591 Satoshi’s / $20.45 USD per person
Trading Quote
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
GOLD : $1674.52 USD +8.12 +0.49% Gold has risen $8 USD within the day.