Bitcoin P action is holding above the consolidation printed by the daily candles 4 days ago for 11 days consecutively. For strength these bulls need to drop numbers to prop up, back to the swing high they’ve created, pop above and attempt to test 9750, which of course with the resistance above will be a mean feat.
Currently watching this triangle to apex play out for a direction push within the day;
If bears come to play watch for 9000 a close here over the weekend. This P action will see sellers then look to push the bulls back to that perch position. Note that every candle print is brining that ATH trend line lower and below the 10k mark adding to the upper resistance.
Alts are going for a run reducing Bitcoins overall dominance %, however in the grand scheme of things this means very little compared to the overall dynamics to the long term play of crypto strength. (this makes me sound like a Bitcoin maximalist, i'm not i'm unbiased and follow the trend of strength) Most will be retail traders having a punt like the TIKTOK DOGE BS going on. However if this is those peoples first rodeo welcome to crypto and I hope you escape the hype and inspiration of quick riches and the retail sharks / Charlatan traders in which circle the unsuspecting.
Leaving on a good note, the above ()although entered in at step 5 and totally disregarding the fundamentals that make up this space) now are contributing to the crypto space and more numbers of HODLer’s mean there's strength in numbers (more participants within the crypto community). So considering the wider world wide economy, the fact that many more are coming in looks to shake up the traditional financial world that many used to be accustomed too. Interesting years a head for financial freedom to a few within or those that understand the internals that make the tech work which the by product is value that we see on the right hand side of the charts.
Over the weekend I’ll be watching the zone from the Perch to the ATH Trendline. Happy trading and have a marvellous weekend. :)
Bitcoin to Date
Daily
Current Price: $9247.8 USD
Daily Change %: -2.11%
Market Cap: $170,203,547,900.00 USD
24 Hour Volume: $18,022,870,411 USD
Population of the World: ~7,796,968,100+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363518070569 Satoshi’s / $21.85 USD per person
Overall
Approximate Bitcoin in Circulation: 18,428,275 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,571,725 BTC
Road to 21,000,000 Bitcoin Mined: 87.75%
Current Bitcoin Dominance: 64.06%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8963.6
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: 1399 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: 9171.5
Weekly Open: 9084.0
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,600 BTC ($14,716,277 USD) transferred from Unknown wallet ➡️ Binance 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨20,000,000 USDT ($19,974,400 USD) transferred from Tether Treasury ➡️ Huobi 🚨 🚨
Gold***: $1,803.04 USD +0.67 +0.04%
Silver***: $18.68 USD +0.03 +0.16%
——————————————————————————————————
*📈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
Currently watching this triangle to apex play out for a direction push within the day;
If bears come to play watch for 9000 a close here over the weekend. This P action will see sellers then look to push the bulls back to that perch position. Note that every candle print is brining that ATH trend line lower and below the 10k mark adding to the upper resistance.
Alts are going for a run reducing Bitcoins overall dominance %, however in the grand scheme of things this means very little compared to the overall dynamics to the long term play of crypto strength. (this makes me sound like a Bitcoin maximalist, i'm not i'm unbiased and follow the trend of strength) Most will be retail traders having a punt like the TIKTOK DOGE BS going on. However if this is those peoples first rodeo welcome to crypto and I hope you escape the hype and inspiration of quick riches and the retail sharks / Charlatan traders in which circle the unsuspecting.
Leaving on a good note, the above ()although entered in at step 5 and totally disregarding the fundamentals that make up this space) now are contributing to the crypto space and more numbers of HODLer’s mean there's strength in numbers (more participants within the crypto community). So considering the wider world wide economy, the fact that many more are coming in looks to shake up the traditional financial world that many used to be accustomed too. Interesting years a head for financial freedom to a few within or those that understand the internals that make the tech work which the by product is value that we see on the right hand side of the charts.
Over the weekend I’ll be watching the zone from the Perch to the ATH Trendline. Happy trading and have a marvellous weekend. :)
Bitcoin to Date
Daily
Current Price: $9247.8 USD
Daily Change %: -2.11%
Market Cap: $170,203,547,900.00 USD
24 Hour Volume: $18,022,870,411 USD
Population of the World: ~7,796,968,100+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363518070569 Satoshi’s / $21.85 USD per person
Overall
Approximate Bitcoin in Circulation: 18,428,275 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,571,725 BTC
Road to 21,000,000 Bitcoin Mined: 87.75%
Current Bitcoin Dominance: 64.06%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8963.6
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: 1399 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: 9171.5
Weekly Open: 9084.0
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,600 BTC ($14,716,277 USD) transferred from Unknown wallet ➡️ Binance 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨20,000,000 USDT ($19,974,400 USD) transferred from Tether Treasury ➡️ Huobi 🚨 🚨
Gold***: $1,803.04 USD +0.67 +0.04%
Silver***: $18.68 USD +0.03 +0.16%
——————————————————————————————————
*📈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
