Bitcoin's Sideways… POP
New Weekly Candle open and the price structure of consolidation is taking its toll on the market with a 24hr volume coming out of the weekend being 12.9 Billion, a trickle compared to the 'norm'.
Zooming in for strength the bulls need to break the price structure north above 9500 this week to show some force.
Without the force then we are looking to break to the downside as this trickle to the right can’t be sustained forever ---------------------------.
On the Daily the same areas combine to have a lot of resistance overlooking from above with the 10k zone/ ATH halfway price point and the ATH Trend line now under that zone in price limiting a push of smaller volume to the upside for reach. We continue to print within this above range and the downward channel upper trend line (perch)
With current price a few subtle trendiness are present that traders would have denoted , price may APEX into this triangle. A pop to the north may give some steam to poke its head above mentioned 9500 swing high to break downward structure. Alas a break to the down side may see lows around 8900 showing a further pending beat down.
Happy Trading, Welcome to Monday, Go out there and be safe a kill it 💪
Bitcoin to Date
Daily
Current Price: $9149.9 USD
Daily Change %: +0.37%
Market Cap: $170,163,716,842.50 USD
24 Hour Volume: $12,958,779,096 USD
Population of the World: ~7,799,197,026+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363979001753 Satoshi’s / $21.62 USD per person
Overall
Approximate Bitcoin in Circulation: 18,437,138 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,562,863 BTC
Road to 21,000,000 Bitcoin Mined: 87.80%
Current Bitcoin Dominance: 63.55%
📈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: 1389 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: 9229.5
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,750 BTC ($15,864,324 USD) transferred from Bitstamp ➡️ Unknown wallet 🚨
Gold***: $1,809 USD -0.72 -0.04%
Silver***: $27.65 USD -0.02 -0.09%
——————————————————————————————————
*📈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: Duke Dumont
Zooming in for strength the bulls need to break the price structure north above 9500 this week to show some force.
Without the force then we are looking to break to the downside as this trickle to the right can’t be sustained forever ---------------------------.
On the Daily the same areas combine to have a lot of resistance overlooking from above with the 10k zone/ ATH halfway price point and the ATH Trend line now under that zone in price limiting a push of smaller volume to the upside for reach. We continue to print within this above range and the downward channel upper trend line (perch)
With current price a few subtle trendiness are present that traders would have denoted , price may APEX into this triangle. A pop to the north may give some steam to poke its head above mentioned 9500 swing high to break downward structure. Alas a break to the down side may see lows around 8900 showing a further pending beat down.
Happy Trading, Welcome to Monday, Go out there and be safe a kill it 💪
Bitcoin to Date
Daily
Current Price: $9149.9 USD
Daily Change %: +0.37%
Market Cap: $170,163,716,842.50 USD
24 Hour Volume: $12,958,779,096 USD
Population of the World: ~7,799,197,026+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363979001753 Satoshi’s / $21.62 USD per person
Overall
Approximate Bitcoin in Circulation: 18,437,138 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,562,863 BTC
Road to 21,000,000 Bitcoin Mined: 87.80%
Current Bitcoin Dominance: 63.55%
📈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: 1389 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: 9229.5
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,750 BTC ($15,864,324 USD) transferred from Bitstamp ➡️ Unknown wallet 🚨
Gold***: $1,809 USD -0.72 -0.04%
Silver***: $27.65 USD -0.02 -0.09%
——————————————————————————————————
*📈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: Duke Dumont
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