LandenInternational

Bitcoin Boosts Upwards Unlike Falcon 9's Scrub

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has gone for a 3.68% climb. I’m posting early today as watching the Falcon 9 space launch, unfortunately scrubbed and we wait until Saturday for a relaunch attempt. 🚀 2020, what a time to be alive experiencing the dynamics of this world;

Launching into Bitcoin and focusing on P action/structure until the daily open, this P action has shown some strength to pop up above the outer downward channel upper trend line . Yesterday I wrote about downward structure, although still intact, bulls have pushed considerably to what I’ll call a strong point touching a high of 9200’s this coinciding with the inner upward channel’s bottom line.


Looking closer to the 4hour and what to watch is the strength of P action to see the following:

Where the daily closes/open
Does todays price action break 9300

If that transpires P action will be back into the upward channel and clear of the downward channels hold.


A P action possibility is also a dribble along the downward trend line here:


Of course there's every chance that price drops back south to maintain the structure downward that it’s still ‘HODLing’ onto :P

We sit and wait just like astronauts Robert Behnken and Douglas Hurley… 👨‍🚀👨‍🚀

See published chart above ^

Bitcoin to Date
Daily
Current Price: $9172.9 USD
Daily Change %: +3.70%
Market Cap: $168,626,078,887.50 USD
24 Hour Volume: $31,785,749,575 USD
Population of the World: ~7,787,366,800+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361167962449 Satoshi’s / $21.65 USD per person

Overall
Approximate Bitcoin in Circulation: 18,387,281 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,612,719 BTC
Road to 21,000,000 Bitcoin Mined: 87.55%
Current Bitcoin Dominance: 67.06%


📈Support & Resistance📉*
Support Levels
1st Support Zone: 8792.4
2nd Support Zone: 8364.4
3rd Support Zone: 7883.0

Resistance Levels:
1st Resistance Zone: 9203.7
2nd Resistance Zone: 9568.7
3rd Resistance Zone: 9821.4


Price Level Consideration
Approximate Days Until Halving: 1444 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: 8629.2
Weekly Open: 9667.4


Current Price Zone: ACCUMULATION ZONE

Biggest Bitcoin Transaction of the Day**
1. 🚨2,913 BTC ($25,387,658 USD) transferred from Binance ➡️ XAPO 🚨
2. 🚨2,141 BTC ($18,665,376 USD) transferred from XAPO ➡️ Unknown Wallet 🚨
3. 🚨1,140 BTC ($17,415,340 USD) transferred from Unknown Wallet ➡️ XAPO 🚨

Largest Cryptocurrency Transaction Today:
🚨🚨2,913 BTC ($25,387,658 USD) transferred from Binance ➡️ XAPO 🚨🚨
Gold***: $1,709.83 USD -2.19 -0.13%
Silver***: $17.28 USD +0.15 +0.86%

——————————————————————————————————
*📈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

‘I’d like to die on mars, just not on impact’ - Elon Musk

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