Bitcoin Pushed Above Consolidation, Looking up to the Kingdom

4 Haz 2020

NO charts over weekend, will be back next week. Appreciate all in this community. More to come :)

Todays write up:
P action has had a slight up ‘escape’ from consolidation to push to the 9780 region. Good to see buyers pushed out of what could have been a sticky area of consolidation, now, don’t hesitate because this beast could drop back into. Currently coming into the weekend whilst other markets have their sleep BTC will look to the above kingdom to reach and try flicker above 10k for some spoils.



Inner Perspective (Daily Chart)
Todays open in an hour may hold current position, will close above the consolidation area but below the inner upward channel. The next 24 hours buyers want to see this close above and try to stay out of the below consolidation pumping a push through 10k. We know from the recent past we’ve been here before with this wick city being a dominant zone of pushback, however with the ‘liquidation push' earlier in the week traders can see that new areas were gained and reached. even for a short period.

Weakness will show a drop through consolidation and then the next major support line is that perch of the outer downward channel.

Strength aim (push point):




Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9,769.8 USD
Daily Change %: +0.96%
Market Cap: $179,870,074,166.25 USD
24 Hour Volume: $25,892,322,380 USD
Population of the World: ~7,789,161,322+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361519454995 Satoshi’s / $23.07 USD per person

Overall
Approximate Bitcoin in Circulation: 18,394,256 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,605,744 BTC
Road to 21,000,000 Bitcoin Mined: 87.59%
Current Bitcoin Dominance: 66.17%



📈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: 1436 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: 9447.2



Current Price Zone: ACCUMULATION ZONE


Biggest Bitcoin Transaction of the Day**
1. 🚨1,100 BTC ($10,761,214 USD) transferred from XAPO ➡️ Unknown wallet 🚨
2. 🚨1,025 BTC ($9,976,488 USD) transferred from Binance ➡️ Unknown wallet 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨15,000,000 USDT ($14,965,388 USD) transferred from Unknown wallet ➡️ Huobi 🚨 🚨

Gold***: $1,715.14 USD +16.74 +0.99%
Silver***: $17.73 USD +0.10 +0.58%

——————————————————————————————————
*📈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