Resistance Focus From Above 10k Look Down

15 giu 2020

P action pushed up after a touch around the downward channel upper trend line (perch position) to retrace to current levels at 9430. This has sucked price into the previous consolidation zone that the last 19 daily candle prints has seen p action within. Bulls have pushed yet with the above resistance and the slant in P action it still feels heavy with bears there, just not with claws out alas still licking lips.



Preventing Bulls from a dash to and through 10k is a hell of a lot of resistance. Depicted above we see the resistance zones coupled with:
- ATH halfway price point (below this meaning not as strong as to be above the 50% area)
- Since May test of 10k has transpired 6-7 times (depending on how you define a push & test) with all being rejected
- The ATH trend line is coming down and looming , closing in on daily P action day by day.

This Bulls need to get together and flood the order book not at the start of the run presently waiting to back more buys closer at 9800 -9900 for an attempted to smash through… Bears come in and break back, Claws out.

Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9448.8 USD
Daily Change %: +1.11%
Market Cap: $173,972,871,423.75 USD
24 Hour Volume: $18,405,738 USD
Population of the World: ~7,791,611,500+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362142927686 Satoshi’s / $22.31 USD per person

Overall
Approximate Bitcoin in Circulation: 18,404,900 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,594,263 BTC
Road to 21,000,000 Bitcoin Mined: 87.65%

Current Bitcoin Dominance: 66.6%



📈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: 1424 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: 9349.8



Current Price Zone: ACCUMULATION ZONE


Biggest Bitcoin Transaction of the Day**
1. 🚨1,850 BTC ($17,533,063 USD) transferred from Unknown wallet ➡️ Binance 🚨
2. 🚨1,850 BTC ($17,493,339 USD) transferred from XAPO ➡️ Unknown wallet 🚨
3. 🚨1,104 BTC ($10,390,773 USD) transferred from XAPO ➡️ Binance 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨43,932,968 USDC ($43,932,968 USD) transferred from Unknown wallet ➡️ Unknown wallet 🚨 🚨

Gold***: $1,727.43 USD -4.52 -0.26%
Silver***: $17.42 USD -0.07 -0.45%

——————————————————————————————————
*📈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