What halving? Economic effects take hold Bitcoin shits itself:
Bitcoin ‘GOLD 2.0’ Overview: It’s a funny thing (say that lightly) what Bitcoin has done in relation top the wider economic markets and a lot of leverage trading heat, but what a time to be alive. Through mass arbitrage opportunity and and a very volatile market while many get hit big. Some will also profit.
Being short since 9800 we took some profit off the table to ride the rest. Our fund sitting ok. However the question is is this the bottom.
Answer: Don’t know and this game is full of variables and its those you need to account for and strategies wit as well as a money management strategy to boot.
We see that price action has dived down to 4000 USD and now sucked back up to 5400 area. What we wish to point out is the coward channel’s however line and the trend line from price action over the years (yes years, we are in this territory)
If todays candle closes within the triangle we’d expect a squeeze
If it closes above we could see strength to 6500
We’ll await price action however we are below 6500 and are Officially Bearish.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.7%
Approximate Bitcoin in Circulation: 18,267,850 BTC
Approximate Bitcoin Left to Mine: 2,732,150 BTC
Road to 21,000,000 Bitcoin Mined: 86.99%
Approximate Days Until Halving: 59-62Days
Daily
Current Price: $5555 USD
Daily Change %: -29.91%
Market Cap: $100,821,212,538.22 USD
24 Hour Volume: $67,097,791,565 USD
Population of the World: ~7,770,505,400+ humans
Bitcoin/World Population: ~ 0.002350921730265 Satoshi’s / $13.05 USD per person
Trading Quote
“Only when the tide goes out do you discover who's been swimming naked.”
― Warren Buffett,
GOLD: $1558.51 USD -30.73 -1.90% Gold has fallen $30 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 5,000 Bitcoin ($22,131,398 USD) transferred from Unknown Wallet ➡️ Bitmex
Being short since 9800 we took some profit off the table to ride the rest. Our fund sitting ok. However the question is is this the bottom.
Answer: Don’t know and this game is full of variables and its those you need to account for and strategies wit as well as a money management strategy to boot.
We see that price action has dived down to 4000 USD and now sucked back up to 5400 area. What we wish to point out is the coward channel’s however line and the trend line from price action over the years (yes years, we are in this territory)
If todays candle closes within the triangle we’d expect a squeeze
If it closes above we could see strength to 6500
We’ll await price action however we are below 6500 and are Officially Bearish.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.7%
Approximate Bitcoin in Circulation: 18,267,850 BTC
Approximate Bitcoin Left to Mine: 2,732,150 BTC
Road to 21,000,000 Bitcoin Mined: 86.99%
Approximate Days Until Halving: 59-62Days
Daily
Current Price: $5555 USD
Daily Change %: -29.91%
Market Cap: $100,821,212,538.22 USD
24 Hour Volume: $67,097,791,565 USD
Population of the World: ~7,770,505,400+ humans
Bitcoin/World Population: ~ 0.002350921730265 Satoshi’s / $13.05 USD per person
Trading Quote
“Only when the tide goes out do you discover who's been swimming naked.”
― Warren Buffett,
GOLD: $1558.51 USD -30.73 -1.90% Gold has fallen $30 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 5,000 Bitcoin ($22,131,398 USD) transferred from Unknown Wallet ➡️ Bitmex
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