Bitcoin Must Maintain Strength At This Level. NO WEAKNESS
Outer Perspective (Weekly Chart)
Coming into the weekend P action has shown vigour to test the ATH half way price point getting $50 shy of 10k and retracing to current levels at 9430. This sis good to see this area come into play, however Bitcoin needs to watch it’s back that the bears don’t push further.
Inner Perspective (Daily Chart)
P action is above the outer downward channel and a close in this P range into the weekend would show strength to Bitcoin although the retrace with the push down was strong. Consolidation here and a retest of the highs would be in Bitcoins favour for a rise and punch. From here it’s important that the Bulls hold the bears off and not let then below 9200 for a close otherwise more value is needed behind it to test will dominance.
Area of Interest
Recapping a consolidation at this level is okay to gather the troops (buyers) for another push of the highs. As depicted Bitcoin DOES NOT want to see bears take price and close below 9100-9200 before Mondays open for a new weekly print. Picture paints a better scenario so refer.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8970.5
2nd Support Zone: 8441.6
3rd Support Zone: 8159.3
Resistance Levels:
1st Resistance Zone: 9567.4
2nd Resistance Zone: 9987.7
3rd Resistance Zone: 10434.0
Price Level Consideration
Approximate Days Until Halving: 1374 Days Pending Timezone
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: 8629.2
Weekly Open: 8721.5
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9,688.48 USD
Daily Change %: +4.14%
Market Cap: $177,158,045,491.88 USD
24 Hour Volume: $70,651,723,382 USD
Population of the World: ~7,784,532,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360781739994 Satoshi’s / 22.87USD per person
Overall
Approximate Bitcoin in Circulation: 18,377,581 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,622,419 BTC
Road to 21,000,000 Bitcoin Mined: 87.51%
Current Bitcoin Dominance: 68.45%
Biggest Bitcoin Transaction of the Day**
1.🚨3,000 Bitcoin ($29,256,016 USD) transferred from XAPO ➡️ Bitfinex
2.🚨2,100 Bitcoin ($20,370,354 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨1,746 Bitcoin ($16,908,039 USD) transferred from OKEx ➡️ Unknown Wallet
Largest Cryptocurrency Transaction Today:
🚨🚨24,999,998 USDT ($25,107,017 USD) transferred from Huobi ➡️ Unknown Wallet 🚨🚨
Gold***: $1,732.03 USD +$2.42 +0.14%
Silver***: $16.08 USD +0.22 +1.40%
——————————————————————————————————
*📈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.
Coming into the weekend P action has shown vigour to test the ATH half way price point getting $50 shy of 10k and retracing to current levels at 9430. This sis good to see this area come into play, however Bitcoin needs to watch it’s back that the bears don’t push further.
Inner Perspective (Daily Chart)
P action is above the outer downward channel and a close in this P range into the weekend would show strength to Bitcoin although the retrace with the push down was strong. Consolidation here and a retest of the highs would be in Bitcoins favour for a rise and punch. From here it’s important that the Bulls hold the bears off and not let then below 9200 for a close otherwise more value is needed behind it to test will dominance.
Area of Interest
Recapping a consolidation at this level is okay to gather the troops (buyers) for another push of the highs. As depicted Bitcoin DOES NOT want to see bears take price and close below 9100-9200 before Mondays open for a new weekly print. Picture paints a better scenario so refer.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8970.5
2nd Support Zone: 8441.6
3rd Support Zone: 8159.3
Resistance Levels:
1st Resistance Zone: 9567.4
2nd Resistance Zone: 9987.7
3rd Resistance Zone: 10434.0
Price Level Consideration
Approximate Days Until Halving: 1374 Days Pending Timezone
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: 8629.2
Weekly Open: 8721.5
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9,688.48 USD
Daily Change %: +4.14%
Market Cap: $177,158,045,491.88 USD
24 Hour Volume: $70,651,723,382 USD
Population of the World: ~7,784,532,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360781739994 Satoshi’s / 22.87USD per person
Overall
Approximate Bitcoin in Circulation: 18,377,581 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,622,419 BTC
Road to 21,000,000 Bitcoin Mined: 87.51%
Current Bitcoin Dominance: 68.45%
Biggest Bitcoin Transaction of the Day**
1.🚨3,000 Bitcoin ($29,256,016 USD) transferred from XAPO ➡️ Bitfinex
2.🚨2,100 Bitcoin ($20,370,354 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨1,746 Bitcoin ($16,908,039 USD) transferred from OKEx ➡️ Unknown Wallet
Largest Cryptocurrency Transaction Today:
🚨🚨24,999,998 USDT ($25,107,017 USD) transferred from Huobi ➡️ Unknown Wallet 🚨🚨
Gold***: $1,732.03 USD +$2.42 +0.14%
Silver***: $16.08 USD +0.22 +1.40%
——————————————————————————————————
*📈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.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.