Get started

OTC

Bitcoin Mid Downward Channel, Hitting Head @ 9100 ResistanceBitcoin ‘GOLD 2.0’ Overview: We wanted to see how this candle behaved at open and right now its been uneventful considering the news out of India with bitcoin being legal again. 9100 is proving to be some solid resistance with price licking above it yesterday and then settling below. The strength is with the bulls although this could be a stalling pattern to go lower. If price is to pop upwards we would find the next resistance at 9500. We will continue to watch price move within this channel range. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into 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: 63.9% Approximate Bitcoin in Circulation: 18,255,263 BTC Approximate Bitcoin Left to Mine: 2,744,738 BTC Road to 21,000,000 Bitcoin Mined: 86.93% Approximate Days Until Halving: 66–68 Days Daily Current Price: $9075 USD Daily Change %: -0.16% Market Cap: $165,914,778,757.50 USD 24 Hour Volume: $39,752,990,578 USD Population of the World: ~7,768,948,650+ humans Bitcoin/World Population: ~ 0.00234977264266 Satoshi’s / $21.32 USD per person Trading Quote “Those types of investments don’t come around very often.” - John Paulson GOLD: $1669.29 USD +2.35 +0.14% Gold has risen $2.4 USD within the day. Biggest Bitcoin Transactions of the Day 🚨 1048 Bitcoin ($9,535,443 USD) transferred from Binance ➡️Unknown Wallet
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Consolidation (For Now) Break 8900 UP To Mid Channel Bitcoin ‘GOLD 2.0’ Overview: Well, we wouldn’t say that the triangle wedge has ‘popped’ in a certain direction except sideways. If the bulls can break 8900 and create a higher high we might see price travel to the midsection of the downward channel around 9100-9300 and come down and then bounce. IF price stays below 9100 then we may see another drop. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into 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: 63.7% Approximate Bitcoin in Circulation: 18,252,925 BTC Approximate Bitcoin Left to Mine: 2,747,075 BTC Road to 21,000,000 Bitcoin Mined: 86.92% Approximate Days Until Halving: 67-69 Days Daily Current Price: $8900 USD Daily Change %: +1.34% Market Cap: $162,085,823,345.10 USD 24 Hour Volume: $35,805,051,271 USD Population of the World: ~7,768,700,077+ humans Bitcoin/World Population: ~ 0.002349546876451 Satoshi’s / $20.91 USD per person Trading Quote “Remember that stocks are never too high for you to begin buying or too low to begin selling.” - Jesse Livermore GOLD: $1639.61 USD -1.49 -0.09% Gold has fallen $1.67 USD within the day. Biggest Bitcoin Transactions of the Day 🚨 1089 Bitcoin ($9486,820 USD) transferred from Binance ➡️ Unknown Wallet
BITFINEX:BTCUSD
by LandenInternational
2
Bitcoin Back In Downward Channel - STILL WEDGEDBitcoin ‘GOLD 2.0’ Overview: We are waiting for a pop here, it’s up to the market to decide. So here’s yesterdays briefing as it remains the same: Bitcoin has pushed back above 8800 and positioned itself on the open within the downward channel. This could be a retrace to create a steeper move down so until price breaks the resistance at 9100 we are more bearish than bullish. We aren’t discounting the the triangle spoken about the prior days as the new candle hasn’t closed above it just yet. If price structure was to rise to 9500to the centre of the downward channel we can see some structures forming in favour of the bulls. We are still short since 9800and have take profit along the way. If the market middles around 9300-9500 longs will be in play, however structure needs to be consistent and not messy. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) We are back in the downward channel at the open of todays candle. Eyes are on where the close of this candle will be. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.6% Approximate Bitcoin in Circulation: 18,251,188 BTC Approximate Bitcoin Left to Mine: 2,748,813 BTC Road to 21,000,000 Bitcoin Mined: 86.91% Approximate Days Until Halving: 68-70 Days Daily Current Price: $8856.7 USD Daily Change %: +0.75% Market Cap: $161,353,273,331.25 USD 24 Hour Volume: $41,893,854,205 USD Population of the World: ~7,768,517,150+ humans Bitcoin/World Population: ~ 0.002349378606958 Satoshi’s / $20.80 USD per person Trading Quote “If most traders would sit on their hands 50% of the time, they would make a lot more money.” - Bill Lipschutz GOLD: $1590.82 USD -1.32 -0.08% Gold has fallen $1.09 USD within the day. Biggest Bitcoin Transactions of the Day 🚨 1,581 Bitcoin ($13,987,914 USD) transferred from OKEx ➡️ Unknown Wallet
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Back In Downward Channel - Daily Candle Play OutBitcoin ‘GOLD 2.0’ Overview: Bitcoin has pushed back above 8800 and positioned itself at the open within the downward channel. This could be a retrace to create a steeper move down so until price breaks the resistance at 9100 we are more bearish than bullish. We aren’t discounting the triangle spoken about the prior days as the new candle hasn’t closed above it just yet, we need tomorrows daily close as confirmation. If price structure was to rise to 9500 to the centre of the downward channel we can see some structures forming in favour of the bulls. We are still short since 9800 and have take profit along the way. If the market middles around 9300-9500 longs will be in play, however structure needs to be consistent and not messy. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) We are back in the downward channel at the open of todays candle. Eyes are on where the close of this candle will be. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.8% Approximate Bitcoin in Circulation: 18,248,888 BTC Approximate Bitcoin Left to Mine: 2,751,113 BTC Road to 21,000,000 Bitcoin Mined: 86.90% Approximate Days Until Halving: 69-71 Days Daily Current Price: $8888 USD Daily Change %: -0.56% Market Cap: $162,026,397,446.25 USD 24 Hour Volume: $43,120,422,705 USD Population of the World: ~7,768,253,500+ humans Bitcoin/World Population: ~ 0.002349162266654 Satoshi’s / $20.87 USD per person Trading Quote “When everything seems to be going against you, remember that the airplane takeoff against the wind, not with it”- Henry Ford GOLD: $1590.82 USD -1.32 -0.08% Gold has fallen $1.09 USD within the day. Biggest Bitcoin Transactions of the Day 🚨 2,478 Bitcoin ($22,230,860 USD) transferred from Binance ➡️ Unknown Wallet
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin Downward SQUEEEEEEZEBitcoin ‘GOLD 2.0’ Overview: Well, here we are…. Price currently @ 8560 after a lick above 8760 and then a settle down. Bears keep pushing down, but no break as yet. Our eyes and focus are on price action within this triangle. As previous days price action needs to dictate a push and this squeeze can’t go on forever and needs to pop/bounce. This market looks more heavier then a bounce to the upside, if a break of the support @ 8400 then 8000 is the next level of support. A bounce has to push through 9100 resistance plus the the bottom line of the bottom trend line. So… HERE… WE…. GO !!! Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) STILL REMAINS: The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. Also As stated above we are watching price action within the Orange Triangle. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 64% Approximate Bitcoin in Circulation: 18,247,050 BTC Approximate Bitcoin Left to Mine: 2,752,950 BTC Road to 21,000,000 Bitcoin Mined: 86.89% Approximate Days Until Halving: 70-72 Days Daily Current Price: $8555 USD Daily Change %: -0.01% Market Cap: $156,231,242,100.00 USD 24 Hour Volume: $34,940,511,782 USD Population of the World: ~7,768,034,920+ humans Bitcoin/World Population: ~ 0.002348991757622 Satoshi’s / $20.09 USD per person Trading Quote “The four most dangerous words in investing are: This time it's different.”- Sir John Templeton GOLD: $1600 USD +40.09 +2.56% Gold has risen $40 USD within the day. Biggest Bitcoin Transactions of the Day 🐋 601 Bitcoin ($5,145,361 USD) transferred from Binance ➡️ OKEx
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Triangle Play:Bitcoin ‘GOLD 2.0’ Overview: For four days Bitcoin has spent time in the trading zone of 8400- 8980. For now we are holding within this triangle. Over the last week market looks heavy so you have to ask the question?: continuation to the down side with what's transpiring around the world with coronavirus or BTC is going to say nope, don’t care and bulls will push it back up. With the focus a week ago on the formation of the downward channel that still remains and then price breaking to the lower side and now dribbling the week to follow will confirm the bias. Eyes are also on the timing of the bitcoin halving. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. Also As stated above we are watching price action within the Orange Triangle. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.8% Approximate Bitcoin in Circulation: 18,245,138 BTC Approximate Bitcoin Left to Mine: 2,754,863 BTC Road to 21,000,000 Bitcoin Mined: 86.88% Approximate Days Until Halving: 72-73 Days Daily Current Price: $8679 USD Daily Change %: +1.37% Market Cap: $158,448,072,105.00 USD 24 Hour Volume: $36,387,469,295 USD Population of the World: ~7,767,833,800+ humans Bitcoin/World Population: ~ 0.002348806433011 Satoshi’s / $20.38 USD per person Trading Quote “Every Professional Trader knows that you have to absolutely have a personal life that’s simple and a trading life that mirrors your personal life and vice versa.” - Anton Kreil GOLD: $1,586.45 USD +22.36% +1.43% Gold has risen $22 USD within the day. Biggest Bitcoin Transactions of the Day 🐋 605 Bitcoin ($5,279,662 USD) transferred from Binance ➡️ unknown wallet
BITFINEX:BTCUSD
by LandenInternational
47,446 BTC Moved, BTC Still Indecisive, Gold Off A Cliff Bitcoin ‘GOLD 2.0’ Overview: Alright, We are holding @ the 8750-8800 mark. We watched as price tested the low near 8400 support and bounced back strongly once again hitting its head on the lower trend channel line. Todays candle opening above 8700 however we are trickling upwards only a little bit. We are paying attention to the Orange Triangle marketed on the chart to see if price condense her and has another run to the downside OR pops back into the downward channel. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. Also As stated above we are watching price action within the Orange Triangle. We note that a large sum (47,446 BTC) of bitcoin has been transferred from a wallet to another. This of course is not through the exchanges so no dump can follow, however we are watching that wallet address to see if any large transactions leave to any exchanges. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.7% Approximate Bitcoin in Circulation: 18,243,425 BTC Approximate Bitcoin Left to Mine: 2,756,575 BTC Road to 21,000,000 Bitcoin Mined: 86.87% Approximate Days Until Halving: 73-74 Days Daily Current Price: $8782 USD Daily Change %: +0.62% Market Cap: $160,252,069,542.50 USD 24 Hour Volume: $43,949,689,466USD Population of the World: ~7,767,600,000+ humans Bitcoin/World Population: ~ 0.002348656599207 Satoshi’s / $20.62 USD per person Trading Quote “You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.” Alexander Elder GOLD: $1,586.45 USD +22.36% +1.43% Gold has risen $22 USD within the day. Biggest Bitcoin Transactions of the Day 🚨47,446 Bitcoin ($418,316,853 USD) transferred from unknown wallet ➡️ unknown wallet
BITFINEX:BTCUSD
by LandenInternational
Does Bitcoin Pop Back Into Downward Channel Or Continue A DiveBitcoin ‘GOLD 2.0’ Overview: Currently price is sitting indecisively at 8850 hitting its head on our lower channel line. With support at 8400 we could see a bounce to the 9100 area. This market looks more heavy than bullish with its current market structure with ~ 74 odd days to the halving we believe price will stay between the 5500 - 10400 Mark Support Levels: 8400 is Support Resistance Levels : 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.9% Approximate Bitcoin in Circulation: 18,241,138 BTC Approximate Bitcoin Left to Mine: 2,758,863 BTC Road to 21,000,000 Bitcoin Mined: 86.86% Approximate Days Until Halving: 74-75 Days Daily Current Price: $8871 USD Daily Change %: +0.50% Market Cap: $161,472,373,263.75 USD 24 Hour Volume: $43,585,496,636 USD Population of the World: ~7,767,370,160+ humans Bitcoin/World Population: ~ 0.00234843166017 Satoshi’s / $20.83 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: $1,643.38 USD +3.38 +0.21% Gold has risen $3.38 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin Down 8600, Gold Up, Trump Speaks Coronavirus 😷:Bitcoin ‘GOLD 2.0’ Overview: As we type President Trump is talking Live regarding Coronavirus quoted ‘could get fairly considerably worse’ you just need to take this into account when trading these markets and the outcome on the entire economy. Now, moving on to the charts with a bit of Technical Analysis Bitcoin has broken down to 8700 through the lower channel line. Interesting drop considering we tested what was support now resistance at 9100 with a slight bounce and then the move further down. Price action will be interesting for the rest of this week and up to you to decide if this is a case of ‘Buy the Rumour, Sell the News’ Next major support is 8400, we will leave the downward channel in tact as bulls may build some pressure and bounce off the region at 8000-8400. Overall Bears are taking control here. Support Levels: 8400 is Support Resistance Levels: 9100 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 64.3% Approximate Bitcoin in Circulation: 18,239,213 BTC Approximate Bitcoin Left to Mine: 2,760,788 BTC Road to 21,000,000 Bitcoin Mined: 86.85% Approximate Days Until Halving: 75-76Days Daily Current Price: $8672 USD Daily Change %: -5.5% Market Cap: $160,811,488,770.00 USD 24 Hour Volume: $50,353,329,874 USD Population of the World: ~7,767,138,700+ humans Bitcoin/World Population: ~ 0.002348253804197 Satoshi’s / $20.36 USD per person Trading Quote ‘Something like bitcoin is really important because it is not correlated to the rest of the market.’Chamath Palihapitiya GOLD: $1,644.45 USD +4.45 +0.27% Gold has fallen $4 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Downward Pressure CONFIRMED=Double Bottom. Break The LowBitcoin ‘GOLD 2.0’ Overview: We are intently watching price today as this is a critical area. Through this down movement we have tested the bottom wick @ the 9300 area forming a double bottom pattern. From here with the open of this daily candle bears could drive these prices as spoken about yesterday to the 9100 support area. If we push lower then a lower low forms and this downward channel negates an upward trend. For now its a bit neutral between BULLISH and BEARISH. The confirmation of the next few day, as cliche as it sounds, will confirm the market bias but more importantly its structure. For us we are following Gold/ Silver markets and the world economy intently. Lets also keep in mind that Coronavirus will have a flow on effect to the Bitcoin through to the ALT coin markets. This is a whole topic in itself. Add to the the halving and we are in for a show. Be safe trading out their traders. Support Levels: 9100 is Support Resistance Levels: 9500 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) The channel is confirmed. If price comes down to the 9100 area within the next 2 days we could break through to the low side. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.6% Approximate Bitcoin in Circulation: 18,237,513 BTC Approximate Bitcoin Left to Mine: 2,762,488 BTC Road to 21,000,000 Bitcoin Mined: 86.85% Approximate Days Until Halving: 76-77Days Daily Current Price: $9336 USD Daily Change %: +0.10% Market Cap: $170,427,730,561.25 USD 24 Hour Volume: $42,546,592,879 USD Population of the World: ~7,766,910,500+ humans Bitcoin/World Population: ~ 0.002348103921115 Satoshi’s / $21.93 USD per person Trading Quote “The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager – Author of Market Wizards GOLD: $1,639.77 USD -7.13 -1.43% Gold has fallen $7 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin Downward Channel Confirming, Drop From 10k:Bitcoin ‘GOLD 2.0’ Overview: The Bulls need to show buying power and get back above the 10k area after that big push down yesterday. We see a downward channel ‘forming’, at this point that doesn’t show strength downwards just yet until there's a break of the lower swing toward the bottom of the channel @ 9300 mark. If we break that low then 9100 is the next major support. At present levels, This could be the bounce off 9500 support as we have had a nice up run from January and a consolidation period would be 'normal'. The market seems heavier then a bounce to come from what else we are looking at. Now, everybody is watching the countdown to the bitcoin halving (Bitcoin Cash/SV included as they come first) this is one factor that TA can’t 100% account for. We know this Bitcoin beast is volatile and can move and shake. we don't believe the halving is factored into price just yet, bitcoin will be more valuable to HODL after that date, so the decision is to accumulate now or is the market going lower to buy the dips. Support Levels: 9500 is support, next if broken is 9100 Resistance Levels: 10000 turns back into the Resistance area Channel of Interest (marked with the yellow rectangle) It’s back… But the other way. Price needs to drop further and confirm a new candle below the 9300 mark. This is not a profit taking area this is purely something to watch the continuation of a changing trend, thus could be a short lived pull back. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63% Approximate Bitcoin in Circulation: 18,235,813 BTC Approximate Bitcoin Left to Mine: 2,764,188 BTC Road to 21,000,000 Bitcoin Mined: 86.84% Approximate Days Until Halving: 76-77Days Daily Current Price: $9599 USD Daily Change %:-0.77% Market Cap: $175,944,589,743.75 USD 24 Hour Volume: $44,173,651,835 USD Population of the World: ~7,766,702,500+ humans Bitcoin/World Population: ~ 0.002347947922558 Satoshi’s / $22.53 USD per person Trading Quote “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil GOLD: $1,650.92 USD -21.38 -1.28% Gold has fallen $21 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Weekly Structure Currently Sitting @ $10,000:Bitcoin ‘GOLD 2.0’ Overview: Weekly/Daily candle opening very close to the 10k mark is showing strength to the bulls here, however they need to push and break and STAY above it. The more price rejects to the downside the weaker they become. Looking at the structure on the weekly chart this week has to have strength to hold this up trend in place. We’d like to see price fill the wick of the previous candles into the double to thats formed. Price may break to the downside and close around 9500, if this is to happen then we’ll confirm this down trend, a break of last weeks low wold signal the bears are in control. Around this mark of 10k the market needs to decide which way it wishes to go, sideways could transpire. Support Levels: 9500 is support Resistance Levels: 10000 turns back into the Resistance area ARROW of Interest (marked with the yellow arrow) All eyes are on current price action to were it is going to push, we will let the market decide here and sit and watch, 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.6% Approximate Bitcoin in Circulation: 18,233,950 BTC Approximate Bitcoin Left to Mine: 2,766,050 BTC Road to 21,000,000 Bitcoin Mined: 86.83% Approximate Days Until Halving: 77-78Days Daily Current Price: $10000 USD Daily Change %:+0.25% Market Cap: $182,339,500,000.00 USD 24 Hour Volume: $41,142,270,334 USD Population of the World: ~ 7,766,467,260+ humans Bitcoin/World Population: ~ 0.002347779162594 Satoshi’s / $23.47 USD per person Trading Quote “All you need is one pattern to make a living.” – Linda Raschke GOLD: $1,661.91 USD +17.31 +1.05% Gold has risen $17.34 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Close Above 10k @ Tomorrows Open Would Sign Up Trend IntactBitcoin ‘GOLD 2.0’ Overview: We wanted to let some of todays price action play out and this is the exact area the predicted he market to be at. Take note of the current 2.6% upward movement and where price is situated under the 10k resistance level. Hopefully price can pop above 10k for the close as this with the lower trend line would give the market structure strength to continue moving upward. Price could fail here to create a lower high and strengthen the price action fro the forming of this downward channel. Support Levels: 9500 is support Resistance Levels: 10000 turns back into the Resistance area Circle of Interest (marked with the yellow circle/s) This remains the same with price action forming a downward channel or is this price just bouncing off support. The uptrend isn’t broken however if price action continues to dribble south the stronger this sediment will become. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.7% Approximate Bitcoin in Circulation: 18,232,688 BTC Approximate Bitcoin Left to Mine: 2,767,313 BTC Road to 21,000,000 Bitcoin Mined: 86.82% Approximate Days Until Halving: 78-79 Days Daily Current Price: $9911.6 USD Daily Change %:+2.57% Market Cap: $180,693,288,103.07 USD 24 Hour Volume: $38,082,371,453 USD Population of the World: ~ 7,766,317,020+ humans Bitcoin/World Population: ~ 0.002347662083977 Satoshi’s / $23.26 USD per person Trading Quote “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota GOLD: $1,643.62 USD +27.02 +1.67% Gold has risen $27 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Eyes On Current Price Action, Back To 10k Or Fall:Bitcoin ‘GOLD 2.0’ Overview: Keeping it simple we can see the bulls have pushed back up along the underside of the trend line (which was the lower upper channels boundary) which will be crucial in the coming days price structure to continually test it. To continue the up trend we’d like to see bulls push into the 9900 area. However if price drops below 9500 a bit more bear action is to come. Price action with our rejection from the double top and Lower his and the bottom of the wick touching 9300 is looking more like bear territory for the next few days. Support Levels: 9500 is support Resistance Levels: 10000 turns back into the Resistance area Circle of Interest (marked with the yellow circle/s) Are we forming a downward channel or is this price just bouncing off support. The uptrend isn’t broken however if price action continues to dribble south the stronger this sediment will become. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.7% Approximate Bitcoin in Circulation: 18,230,325 BTC Approximate Bitcoin Left to Mine: 2,769,675 BTC Road to 21,000,000 Bitcoin Mined: 86.81% Approximate Days Until Halving: 79-80 Days Daily Current Price: $9717.9 USD Daily Change %:+1.12% Market Cap: $177,103,961,310.00 USD 24 Hour Volume: $40,853,551,230 USD Population of the World: ~ 7,766,016,210+ humans Bitcoin/World Population: ~ 0.002347448744251 Satoshi’s / $22.78 USD per person Trading Quote “Money is made by sitting, not trading.” – Jesse Livermore GOLD: $1,643.62 USD +27.02 +1.67% Gold has risen $27 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin Testing Monthly Open / From Upward Channel To Downward:Bitcoin ‘GOLD 2.0’ Overview: With a test through the support at 9500 to the 9330 region if the bulls don’t show strength more of a drop may come. For strength we’d like to see price push into the 9900 and above 10k mark, this was the upper channel price zone. For the tug of war to stabilise for today price needs to stay above 9500, if not then a down trend is forming. 3 weeks ago we had a fair bit of consolidation from the 9000 - 9600 region so if price sinks below here gravity is stronger with its pull. We don’t expect fireworks coming into the weekend, however can never be too sure about this beast. Support Levels: 9500 is support after this large 10% move to the downside Resistance Levels: 10000 turns back into the Resistance area Circle of Interest (marked with the yellow circle/s) Eyes are on price action at the open of this daily candle. Bulls did push up to form the wick on the previous day and with a smaller range then the last will be interesting to see where the market goes. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63.0% Approximate Bitcoin in Circulation: 18,228,425 BTC Approximate Bitcoin Left to Mine: 2,771,575 BTC Road to 21,000,000 Bitcoin Mined: 86.80% Approximate Days Until Halving: 80-82 Days Daily Current Price: $9583.1 USD Daily Change %: -0.19% Market Cap: $175,140,530,242.50 USD 24 Hour Volume: $44,398,112,026 USD Population of the World: ~ 7,765,800,350+ humans Bitcoin/World Population: ~ 0.002347269332001 Satoshi’s / $22.49 USD per person Trading Quote “Everyday I assume every position I have is wrong.” – Paul Tudor Jones GOLD: $1619.87 USD +3.27 +0.20% Gold has risen $3 USD within the day. Biggest Bitcoin Transaction of the Day 1,490 Bitcoin ($14,266,383 USD) transferred from Binance to unknown wallet
BITFINEX:BTCUSD
by LandenInternational
Bitcoin $1000 Drop, Beware Of The Volatile BeastBitcoin ‘GOLD 2.0’ Overview: Back down at 9600 into todays open bouncing off 9300. Take note of the price action as we are making lower highs on the daily chart, if this continues for the week this will weaken the buyers strength and momentum. For the mid term price action if we were to break 9100 then the bulls have totally lost control. From our previous day posts we talked a lot about the upward channel, this is still in affect and price can push back up to recover this price action into that safe area. If the cable for today closes lower into the wick from 9200-9500 the bears have more control Support Levels: 9500 is support after this large 10% move to the downside Resistance Levels: 10000 turns back into the Resistance area Circle of Interest (marked with the yellow circles) Double top is still in play. Remember the rejection at the price action to have what we’re seeing now 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.7% Approximate Bitcoin in Circulation: 18,226,825 BTC Approximate Bitcoin Left to Mine: 2,773,175 BTC Road to 21,000,000 Bitcoin Mined: 86.79% Approximate Days Until Halving: 81-83 Days Daily Current Price: $9583.1 USD Daily Change %: -5.89% Market Cap: $175,532,456,493.05 USD 24 Hour Volume: $46,916,305,314 USD Population of the World: ~ 7,765,572,900+ humans Bitcoin/World Population: ~ 0.002347132044823 Satoshi’s / $22.49 USD per person Trading Quote for the LEVERAGE TRADERS after this last drop “When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” - Randy Mckay GOLD: $1,609.60 USD +2.20 +0.14% Gold has risen $2 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Safe Spot > 10k, Price Action Back In Upward ChannelBitcoin ‘GOLD 2.0’ Overview: Lovely push off 9500 support back into 10148 at time of typing. Even though a break of the upward channel occurred yesterday and we noted we’d leave it there for more market conformation. This is a lesson for traders out there to realise that certain areas are subjective and at the end of the day just because you draw some lines on the chart doesn’t mean it actually will respect that area. Moving on, Today we are above that magnetic zone, In favour of the bulls: Back in upward channel Above 10,000 whole number 10,000 also acts as support Price has been here before recently May test the Double Top again We will let todays price action unfold to dictate the Bias. Bitcoin is a volatile beast we could close below 10k also on this nail channel. Support Levels: 10000 Now acts as support as Bitcoin has pushed back through Resistance Levels: 10400-10500 is the next major resistance level Channel of Interest (marked with the yellow channel box) As spoken yesterday we left this structure in place and market moved back within. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.4% Approximate Bitcoin in Circulation: 18,224,875 BTC Approximate Bitcoin Left to Mine: 2,775,125 BTC Road to 21,000,000 Bitcoin Mined: 86.79% Approximate Days Until Halving: 82-84 Days Daily Current Price: $10093 USD Daily Change %: -3.96% Market Cap: $180,573,330,750.00 USD 24 Hour Volume: $46,514,008,982 USD Population of the World: ~ 7,765,331,360+ humans Bitcoin/World Population: ~ 0.002346953936039 Satoshi’s / $23.68 USD per person Trading Quote “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” - Martin Schwartz GOLD: $1,601 USD +18.73 +1.18% Gold has risen $18 USD within the day. Biggest Bitcoin Transactions of the Day 🚨6,000 Bitcoin ($58,383,678 USD) transferred from unknown wallet ➡️ Bitfinex
BITFINEX:BTCUSD
by LandenInternational
Bears Break Upward Channel Testing 9500 🐻Bitcoin ‘GOLD 2.0’ Overview: At he open of todays candle we see bitcoin has broken to the down side through the upper channel showing weakness dribbling its way to our support at 9500 and retracing. If Bitcoin breaks further to the low side below 9500 the strength of this move could diminish. We will leave the upper channel on the charts as price can rise and find a zone within it as we know bitcoin can be a volatile beast. Support Levels: 9500 is the next major support that has been tested one in the last 24hours. Resistance Levels: 10000 is the big whole number and magnet zone price needs to push through again. Channel of Interest (marked with the yellow channel box) We will leave the channel intact as price could gain strength and find it self in the upper channel zone still. We will wait 24hours and see what the market confirms. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62.3% Approximate Bitcoin in Circulation: 18,221,325 BTC Approximate Bitcoin Left to Mine: 2,778,675 BTC Road to 21,000,000 Bitcoin Mined: 86.77% Approximate Days Until Halving: 83-85 Days Daily Current Price: $9721 USD Daily Change %: -0.12% Market Cap: $180,573,330,750.00 USD 24 Hour Volume: $46,007,204,730 USD Population of the World: ~ 7,765,127,900+ humans Bitcoin/World Population: ~ 0.002346558258236 Satoshi’s / $22.81 USD per person Trading Quote “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” - Van K. Tharp GOLD: $1,584.92 USD +2.21 +0.14% Gold has risen $2 USD within the day. Biggest Bitcoin Transactions of the Day 🚨1,544 Bitcoin ($15,203,617 USD) transferred from Binance ➡️ OKEx
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin Weekly Chart Holding Upward Channel/Reject Double TopBitcoin ‘GOLD 2.0’ Overview: At the open of the weekly candle we see that bitcoin last week created a double top around the 10500 mark but couldn’t punch through. Price dropped to a low of 9600 before retracing and opening at 9900 region. If this channel can hold this week it means the bulls have strength although they are skating on thin ice being below 10k here. The halving is less than 90 days away and should be factored into your outlook of price action. A break above the double top would sign bulls are in control and 10800-11200 could transpire. However this would have to happen in the next two weeks. Stranger things have happened. In the meantime we are eating for price to dictate its move and we’ll move to the daily’s tomorrow to see where the confidence between the bulls and the bears is. Support Levels : 9500 is the next major support Resistance Levels: 10000 is the big whole number and magnet zone price needs to push through again. Channel of Interest (marked with the yellow channel box) Channel is ‘still’ holding at present. Todays price action will be interesting to watch. We still have the rejected double top and are just holding this channel. Awaiting price action to dictate currently. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 63% Approximate Bitcoin in Circulation: 18,221,325 BTC Approximate Bitcoin Left to Mine: 2,778,675 BTC Road to 21,000,000 Bitcoin Mined: 86.77% Approximate Days Until Halving: 84-86 Days Daily Current Price: $9889.00 USD Daily Change %: -0.38% Market Cap: $180,573,330,750.00 USD 24 Hour Volume: $43,305,204,730 USD Population of the World: ~ 7,764,917,000+ humans Bitcoin/World Population: ~ 0.002346621992225 Satoshi’s / $23.20 USD per person Trading Quote “The four most dangerous words in investing are: This time it's different.” - Sir John Templeton GOLD: $1,583.89 USD +1.19 +0.08% Gold has risen $1 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Bitcoin Bounce Or Drop? Our Take:Bitcoin ‘GOLD 2.0’ Overview: Well here we go with a retrace to the 9900 levels. We can see the upwards channel holding on the open of todays daily candle. The support at 10k has turned into resistance. 9500 is the next major support. A break further down will break the structure of the upward channel that’s formed, however if we bounce from here it shows strength to the up side. Yesterdays candle is very solid to the down side dropping over $400. We will await todays price action to present the weeks overview. Support Levels: 9500 is the next major support Resistance Levels: 10000 is the big whole number and magnet zone price needs to push through again. Channel of Interest (marked with the yellow channel box) Channel is ‘still’ holding at present. Todays price action will be interesting to watch. We still have the rejected double top. 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 62% Approximate Bitcoin in Circulation: 18,219,450 BTC Approximate Bitcoin Left to Mine: 2,780,550 BTC Road to 21,000,000 Bitcoin Mined: 86.76% Approximate Days Until Halving: 85-87 Days Daily Current Price: $9896 USD Daily Change %: -1.23% Market Cap: $180,390,774,450.00 USD 24 Hour Volume: $43,560,000,000 USD Population of the World: ~ 7,764,686,000+ humans Bitcoin/World Population: ~ 0.002346450326517 Satoshi’s / $23.22 USD per person Trading Quote ‘If you personalize losses, you can't trade.’ - Bruce Kovner GOLD: $1,583.89 USD +1.19 +0.08% Gold has risen $1 USD within the day.
BITFINEX:BTCUSD
by LandenInternational
Double Topping,10400/10500 Resistance In The WayBitcoin ‘GOLD 2.0’ Overview: Around a $350 dollar move within the range of 10k and 10.3K over the last 24hours. We are very much in the middle of this upper channel. Take note of the purple trend lines, we had a projection last week of this with this one getting tighter. The bulls need to show some strength to defeat this double top, retrace, bounce and then potentially could test the trend line that was formed from the all time highs in 2017. Yes, we are talking that language again. This is awesome price action and above the high of October (10500) we are solidly bullish, however it needs to get there first. On the downside price could trickle in the short term to 10100 and if bears come in to play the next major would be around 9800, although the 10k magnet would likely stall market. Support Levels: 10,000 is now support as we have broken through Resistance Levels: 10,400 next level of resistance Channel of Interest (marked with the yellow channel box) Channel is holding, we are seeing more stable price movement to the upside within this trading range 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 61.0% Approximate Bitcoin in Circulation: 18,217,738 BTC Approximate Bitcoin Left to Mine: 2,782,263 BTC Road to 21,000,000 Bitcoin Mined: 86.75% Approximate Days Until Halving: 86-88Days Daily Current Price: $10326 USD Daily Change %: -0.09% Market Cap: $188,571,800,862.50 USD 24 Hour Volume: $43,459,588,441 USD Population of the World: ~ 7,764,470,000+ humans Bitcoin/World Population: ~ 0.002346295110935 Satoshi’s / $24.22 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: $1,583.89 USD +1.19 +0.08% Gold has risen $1 USD within the day. Biggest Bitcoin Transactions of the Day 🐋 764 Bitcoin( $7,750,342 USD) transferred from Binance ➡️ OKEx 🐋 750 Bitcoin ($7,649,788 USD) transferred from unknown wallet ➡️ Bitfinex 🐋 478 Bitcoin ($4,910,097 USD) transferred from Bitmex ➡️ OKEx 🐋 500 Bitcoin ($5,145,262 USD) transferred from OKEx ➡️ unknown wallet 🚨984 Bitcoin ($10,110,823 USD) transferred from Binance ➡️ unknown wallet 🐋 500 Bitcoin ($5,155,802 USD) transferred from Binance ➡️ unknown wallet 🐋 575 Bitcoin ($5,954,633 USD) transferred from Binance ➡️ unknown wallet 🚨1,931 Bitcoin ($19,949,057 USD) transferred from Binance ➡️ OKEx 🚨980 Bitcoin ($10,136,466 USD) transferred from unknown wallet ➡️ OKEx 🐋 519 Bitcoin ($5,351,803 USD) transferred from unknown wallet ➡️ OKEx
BITFINEX:BTCUSD
by LandenInternational
Two Tests Of Octobers 2019 Bitcoin High, Price In Upward ChannelBitcoin ‘GOLD 2.0’ Overview: Bitcoin have tried to push above the resistance between 10400-10500. The last 24hours saw price being rejected to just above the 10k mark. This whipsawing action is to be expected considering this 10k magnetic zone as it is a very evident whole number and the resistance at higher values. Bitcoin remains in the upward channel which shows confidence that the trend is not going away and that momentum is, at this point,still on the bulls side. Levels Support Levels: 10,000 is now support as we have broken through Resistance Levels: 10,400 next level of resistance Channel of Interest (marked with the yellow channel box) Channel is holding, we are seeing more upside within this trading range 🐃Bulls Verse Bears🐻 Bullish above 10500 Bearish below 6500 Bitcoin to Date: Overall Approximate Bitcoin Dominance: 61.8% Approximate Bitcoin in Circulation: 18,215,975 BTC Approximate Bitcoin Left to Mine: 2,784,025 BTC Road to 21,000,000 Bitcoin Mined: 86.74% Approximate Days Until Halving: 87-89 Days Daily Current Price: $10202 USD Daily Change %: -1.32% Market Cap: $186,057,968,650.00 USD 24 Hour Volume: $49,315,478,147 USD Population of the World: ~ 7,764,235,200+ humans Bitcoin/World Population: ~ 0.002346138998983 Satoshi’s / $23.93 USD per person Trading Quote ‘I believe in analysis and not forecasting’. Nicolas Darvas GOLD: $1,576.04 USD +8.64 +0.55% Gold has risen $8 USD within the day. Biggest Bitcoin Transactions of the Day 🐋 867 Bitcoin ($8,920,524 USD) transferred from Coinbase ➡️ unknown wallet 🐋 500 Bitcoin ($5,170,343 USD) transferred from Huobi ➡️ unknown wallet 🐋 500 Bitcoin ($5,189,358 USD) transferred from unknown wallet ➡️ Binance 🐋 700 Bitcoin ($7,312,106 USD) transferred from unknown wallet ➡️ Coinbase 🐋 670 Bitcoin ($6,997,220 USD) transferred from OKEx ➡️ unknown wallet 🐋 760 Bitcoin ($7,896,518 USD) transferred from Bitmex ➡️ unknown wallet 🐋 493 Bitcoin ($4,997,673 USD) transferred from unknown wallet ➡️ Binance 🐋 730 Bitcoin ($7,434,222 USD) transferred from Coinbase ➡️ unknown wallet 🐋 498 Bitcoin ($5,032,589 USD) transferred from Coinbase ➡️ unknown wallet 🚨4,300 Bitcoin ($43,665,872 USD) transferred from Xapo ➡️ unknown wallet 🚨 985 Bitcoin($10,073,541 USD) transferred from unknown wallet ➡️ Binance 🚨1,200 Bitcoin (1$2,254,112 USD) transferred from Xapo ➡️ unknown wallet 🐋 700 Bitcoin ($7,148,232 USD) transferred from Xapo ➡️ Bitstamp
BITFINEX:BTCUSD
by LandenInternational