Upward Resistance Still At Play, A Taste Of Something Different
P action is back in the consolidation zone rising 0.69% but that is hardly the bulls taking control... Although they’ve had two positive days which leads to momentum as volume with orders dropped for the last two days has considerably increased since a pathetic 18,000,000,000 over the weekend. Take note of this past and where P action transpires, this still needs to see more orders drop if price gets to the 9800-9900 to blast through 10k, once again a lot of resistance and see the last write up.
Inner Perspective (4hr Chart)
I don’t show all of what I look at on the charts as there is too much to list and point out, what you see is about 5% of the overall plan, yet it gives an outer perspective before I dive into define levels to take profit and stop placement when trailing (dependant on strategy) Thus I think it’s unfair to the reader to assume too much and this is simply a guide from one traders perspective relative to all the others playing in this market.
That being said ,the following is different from my usual trend lines. When certain areas of focus come out I’ll define them and see how they play out, as per what’s on the screen as seen here with the triangle that price could flow within and apex. The lower trend line is much stronger here than the above only having two touches at present. I’m not saying this is going to play-out, just something I’m watching with everything else.
At present we are back in the consolidation zone and like Monday’s write up, this maker needs to push $200 out of it before I consider anything new off interest.
See above published picture
Happy Trading :)
Bitcoin to Date
Daily
Current Price: $9499.8 USD
Daily Change %: +0.69%
Market Cap: $175,421,313,445.63 USD
24 Hour Volume: $26,614,854,328 USD
Population of the World: ~7,791,832,800+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362142927686 Satoshi’s / $22.31 USD per person
Overall
Approximate Bitcoin in Circulation: 18,406,694 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,593,306 BTC
Road to 21,000,000 Bitcoin Mined: 87.65%
Current Bitcoin Dominance: 66.44%
📈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: 1423 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: 9349.8
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨2,963 BTC ($28,184,743 USD) transferred from Binance ➡️ Unknown wallet 🚨
2. 🚨1,100 BTC ($10,508,601 USD) transferred from OKEx ➡️ Binance🚨
3. 🚨1,099 BTC ($10,412,141 USD) transferred from Unknown wallet ➡️ OKEx 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨29,999,999 USDT ($29,982,469 USD) transferred from Poloniex ➡️ Tehter Treasury 🚨 🚨
Gold***: $1,727.51 USD -0.09 -0.01%
Silver***: $17.47 USD +0.05 +0.30%
——————————————————————————————————
*📈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
Playlist: Daft Punk - Alive 2007
Inner Perspective (4hr Chart)
I don’t show all of what I look at on the charts as there is too much to list and point out, what you see is about 5% of the overall plan, yet it gives an outer perspective before I dive into define levels to take profit and stop placement when trailing (dependant on strategy) Thus I think it’s unfair to the reader to assume too much and this is simply a guide from one traders perspective relative to all the others playing in this market.
That being said ,the following is different from my usual trend lines. When certain areas of focus come out I’ll define them and see how they play out, as per what’s on the screen as seen here with the triangle that price could flow within and apex. The lower trend line is much stronger here than the above only having two touches at present. I’m not saying this is going to play-out, just something I’m watching with everything else.
At present we are back in the consolidation zone and like Monday’s write up, this maker needs to push $200 out of it before I consider anything new off interest.
See above published picture
Happy Trading :)
Bitcoin to Date
Daily
Current Price: $9499.8 USD
Daily Change %: +0.69%
Market Cap: $175,421,313,445.63 USD
24 Hour Volume: $26,614,854,328 USD
Population of the World: ~7,791,832,800+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362142927686 Satoshi’s / $22.31 USD per person
Overall
Approximate Bitcoin in Circulation: 18,406,694 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,593,306 BTC
Road to 21,000,000 Bitcoin Mined: 87.65%
Current Bitcoin Dominance: 66.44%
📈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: 1423 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: 9349.8
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨2,963 BTC ($28,184,743 USD) transferred from Binance ➡️ Unknown wallet 🚨
2. 🚨1,100 BTC ($10,508,601 USD) transferred from OKEx ➡️ Binance🚨
3. 🚨1,099 BTC ($10,412,141 USD) transferred from Unknown wallet ➡️ OKEx 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨29,999,999 USDT ($29,982,469 USD) transferred from Poloniex ➡️ Tehter Treasury 🚨 🚨
Gold***: $1,727.51 USD -0.09 -0.01%
Silver***: $17.47 USD +0.05 +0.30%
——————————————————————————————————
*📈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
Playlist: Daft Punk - Alive 2007
