LandenInternational

Bitcoin Push Swing High, Break Downward Structure

BITFINEX:BTCUSD   Bitcoin
A 2.85% push up has P action sitting around the 9400 region having broken the swing high spoken about in yesterdays write up. If bulls can sustain this slight trickle up the bearish structure will continue to get rattled. However note that if this transpires BTC will head back into a large consolidation area that its battled since mid April.

P action below 10k and ATH halfway price point. Bulls need to show strength and get momentum to push above this area.


Coinciding with this area is this price zone between the outer downward channel upper trend line and the ATH trend line which is trickling down overhead. At present this is acting like a channel until a break to the upside above or below.


Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9380.6 USD
Daily Change %: -2.85%
Market Cap: $172,479,793,002.24 USD
24 Hour Volume: $17,760,468,791 USD
Population of the World: ~7,796,304,700+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363287837329 Satoshi’s / $21.57 USD per person

Overall
Approximate Bitcoin in Circulation: 18,425,338 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,574,663 BTC
Road to 21,000,000 Bitcoin Mined: 87.74%

Current Bitcoin Dominance: 64.93%


📈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: 1402 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. 🚨2,300 BTC ($21,425,900 USD) transferred from Binance ➡️ Unknown wallet 🚨
2. 🚨1,100 BTC ($10,197,907 USD) transferred from Binance ➡️ Xapo 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨25,000,000 USDT ($24,947,245 USD) transferred from Huobi ➡️ Unknown wallet 🚨 🚨

Gold***: $1,785.26 USD -0.87 -0.05%
Silver***: $18.29 USD -0.92 -0.13%

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*📈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

Trading Playlist: Deadmau5

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