No 10k Push, Bears Licking Lips

21 thg 5, 2020

Quick outer overview and then more into the nitty gritty;

Outer Perspective
P action has fallen to 9088 settling below the outer downward channel and below 10k / ATH half way price point.



Zoomed in
More detail in the area of interest on here, simply depicting the outer into the inner



Inner Perspective (Daily Chart)
Focusing on the upward channel with this P action drop regardless of close we’ve formed the 4th touch on the channel. This is positive however a close on the daily and open above 9200 is needed to lock this positivity in.



Area of Interest
At present this market needs to get up to the 9200 level for strength or at least do it in the first few hours of open to save lost territory. Bears will be licking their lips in this area. To the left of screen the consolidation area is looming and P action doesn’t want to get sucked into this zone. Looks more bearish with the struggle from the high, unless the buyers can push above 9200 today. A break of this upward channel could transpire. If 8800 is hit D…O….W…N side imminent 🐻



📈Support & Resistance📉*
Support Levels
1st Support Zone: 8792.4
2nd Support Zone: 8364.4
3rd Support Zone: 7883.0

Resistance Levels:
1st Resistance Zone: 9630.8
2nd Resistance Zone: 9839.5
3rd Resistance Zone: 10321.3



Price Level Consideration
Approximate Days Until Halving: 1370 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: 8629.2
Weekly Open: 9667.4



Current Price Zone: ACCUMULATION ZONE


Bitcoin to Date
Daily
Current Price: $9119 USD
Daily Change %: -4.03%
Market Cap: $175,729,639,480.51 USD
24 Hour Volume: $36,414,841,876 USD
Population of the World: ~7,786,000,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360993321346 Satoshi’s / $21.52 USD per person

Overall
Approximate Bitcoin in Circulation: 18,382,694 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,617,306 BTC
Road to 21,000,000 Bitcoin Mined: 87.54%
Current Bitcoin Dominance: 67.66%



Biggest Bitcoin Transaction of the Day**

1.🚨5,642 Bitcoin ($54,759,345 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨1,500 Bitcoin ($13,636,686 USD) transferred from Unknown Wallet ➡️ Binance
3. 🚨1,313 Bitcoin ($12,480,912 USD) transferred from OKEx ➡️ Unknown Wallet

Largest Cryptocurrency Transaction Today:
🚨🚨5,642 Bitcoin ($54,759,345 USD) transferred from Binance ➡️ Unknown Wallet🚨🚨

Gold***: $1,727.14 USD -19.43 -1.11%
Silver***: $17.10 USD -0.39 +2.24%

——————————————————————————————————
*📈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.