Bitcoin Back In Downward Channel - Daily Candle Play Out

3 มี.ค. 2020

Bitcoin ‘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.

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