Bitcoin Big Pump, Big Dump. Wipe Out Of Gains
Monthly take, Traders will be watching the TL from the all time high and replacing this downward trend line from the top. A point mentioned was that P action tested the previous double top area and officially confirmed the touch, note this area for future P action and watch the order book through this area. The longer price is below 10k the more this area will be of value to resistance.
Weekly: P action from the highs came back down to test the top of the outer downward channel to its 100% zone, zoom in below:
Zooming in for clarity of P areas to be aware of note the area between the new trend line from the ATH and the top of the downward channel working as support and resistance points and a place P action may stall and slither a long in future movement
Daily: For safety of strength Bitcoin needs to prop up into the 9700-9800 region to slip back into the upward channel. As a test of the outer downward channel and the up move to settle into the consolidation zone noted below.
Looking for Bitcoin to find itself in a push up or down here over the next hours. 4 hour is the published picture coving the above
Happy Trading and keep your capital safe :)
Bitcoin to Date
Daily
Current Price: $9,530.1 USD
Daily Change %: -5.46%
Market Cap: $175,184,586,350.00 USD
24 Hour Volume: $37,765,810,049 USD
Population of the World: ~7,788,736,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361418977354 Satoshi’s / $22.50 USD per person
Overall
Approximate Bitcoin in Circulation: 18,392,469 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,607,531 BTC
Road to 21,000,000 Bitcoin Mined: 87.58%
Current Bitcoin Dominance: 66.05%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9170.7
2nd Support Zone: 8666.7
3rd Support Zone: 7840.4
Resistance Levels:
1st Resistance Zone: 9889.2
2nd Resistance Zone: 10285.8
3rd Resistance Zone: 10781.2
Price Level Consideration
Approximate Days Until Halving: 1438 Days (Pending Timezone / Blocks Mined)
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 9447.2
Weekly Open: 9447.2
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨14,722 BTC ($139,619,697 USD) transferred from unknown wallet ➡️ Unknown wallet 🚨
2. 🚨6,000 BTC ($60,354,007 USD) transferred from Coinbase ➡️ Unknown wallet 🚨
3. 🚨3,407 BTC ($32,583,209 USD) transferred from Binance ➡️ Unknown wallet 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨14,722 BTC ($139,619,697 USD) transferred from unknown wallet ➡️ Unknown wallet 🚨 🚨
Gold***: $1,729.85 USD -10.82 -0.62%
Silver***: $18.05 USD -0.28 -1.53%
——————————————————————————————————
*📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames.
**What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire.
*** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin.
Created & published by Des Landen
Landen International
Weekly: P action from the highs came back down to test the top of the outer downward channel to its 100% zone, zoom in below:
Zooming in for clarity of P areas to be aware of note the area between the new trend line from the ATH and the top of the downward channel working as support and resistance points and a place P action may stall and slither a long in future movement
Daily: For safety of strength Bitcoin needs to prop up into the 9700-9800 region to slip back into the upward channel. As a test of the outer downward channel and the up move to settle into the consolidation zone noted below.
Looking for Bitcoin to find itself in a push up or down here over the next hours. 4 hour is the published picture coving the above
Happy Trading and keep your capital safe :)
Bitcoin to Date
Daily
Current Price: $9,530.1 USD
Daily Change %: -5.46%
Market Cap: $175,184,586,350.00 USD
24 Hour Volume: $37,765,810,049 USD
Population of the World: ~7,788,736,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361418977354 Satoshi’s / $22.50 USD per person
Overall
Approximate Bitcoin in Circulation: 18,392,469 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,607,531 BTC
Road to 21,000,000 Bitcoin Mined: 87.58%
Current Bitcoin Dominance: 66.05%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9170.7
2nd Support Zone: 8666.7
3rd Support Zone: 7840.4
Resistance Levels:
1st Resistance Zone: 9889.2
2nd Resistance Zone: 10285.8
3rd Resistance Zone: 10781.2
Price Level Consideration
Approximate Days Until Halving: 1438 Days (Pending Timezone / Blocks Mined)
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 9447.2
Weekly Open: 9447.2
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨14,722 BTC ($139,619,697 USD) transferred from unknown wallet ➡️ Unknown wallet 🚨
2. 🚨6,000 BTC ($60,354,007 USD) transferred from Coinbase ➡️ Unknown wallet 🚨
3. 🚨3,407 BTC ($32,583,209 USD) transferred from Binance ➡️ Unknown wallet 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨14,722 BTC ($139,619,697 USD) transferred from unknown wallet ➡️ Unknown wallet 🚨 🚨
Gold***: $1,729.85 USD -10.82 -0.62%
Silver***: $18.05 USD -0.28 -1.53%
——————————————————————————————————
*📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames.
**What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire.
*** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin.
Created & published by Des Landen
Landen International
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