Bitcoin Big Pump, Big Dump. Wipe Out Of Gains

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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
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

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


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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