Sticking Between Zones, Highs On The Outlook
Bitcoin P action remains in ‘Bullish price action’ territory above the break of 10485. Having nearly trickled 2 weeks above the 10k whole number Bitcoin is in a position to follow Golds run and potentially break higher. The 1st point is to break the swing high of 12340 above this there’s 2 points to contend with at 13175 and then the previous high of 13767.
Currently P action is within the upward channel that is forming (light green as not locked in for me however present as zones that market could obey) currently the centre line of this is of attraction and a slither to the next swing high may transpire where it intersects.
I’ll leave it there for now, remember Crypto is not like traditional markets and has other factors consuming it:
Worldwide economics
Whales moving capital
Whales cashing out , trading
Business’ in mining doing the same
International business transferring off exchanges from one country to another for deal play
Mining companies replenishing machines, maintenance, wages, expenses paid in crypto or a change to fiat.
Mining manufactures consuming crypto for purchases and having a share in mines themselves
OTC desks sealing deals and transferring Bitcoin taking out of private wallets and also exchanges liquidity pools of play
Leveraged markets entailing retail consumer, intermediate traders and trade desks watching the order books and capital pools of the above
On ramps to retail traders purchasing BTC to get into stupid programs and/or courses for a get rich fix
Troll boxes and groups of ‘whats hot’
The list goes on however is good to be aware of
Just note that there is so much going on that I can’t cover everything in a small right up of ‘some lines’ on a chart.
After 10 years in the game, I’m a long term trader and have the ability to sit and wait to cut out the above noise that is created. Be aware of this. I deem these as points of attraction to see if the market can attack and break and utilise for profit taking and stop strategies whilst running the market following the trend. Remember that this overview is very basic and is about 5% of the overall process undertaken (one person’ opinion). I simply point out what I see of relevance at present from my trading eyes.
Happy Trading
Bitcoin to Date
Daily
Current Price: $11748.0 USD
Daily Change %: +5.14%
Market Cap: $204,338,526,700.00 USD
24 Hour Volume: $24,460,267,788 USD
Population of the World: ~7,802,984,715+ humans
Today’s Bitcoin Total / World Population: ~ 0.002364794584889 Satoshi’s / $27.78 USD per person
Overall
Approximate Bitcoin in Circulation: 18,452,456 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,547,544 BTC
Road to 21,000,000 Bitcoin Mined: 87.87%
Current Bitcoin Dominance: 62.46%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 10942.2
2nd Support Zone: 10420.0
3rd Support Zone: 9998.0
Resistance Levels:
1st Resistance Zone: 11976.9
2nd Resistance Zone: 12190.4
3rd Resistance Zone: 12958.5
Price Level Consideration
Approximate Days Until Halving: 1372 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: 11330.9
Weekly Open: 11076.4
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨3,093 BTC ($34,747,187 USD) transferred from Unknown wallet ➡️ XAPO 🚨
2. 🚨2,500 BTC ($29,173,586 USD) transferred from Unknown wallet ➡️ OKEx🚨
3. 🚨2,028 BTC ($22,720,251 USD) transferred from Binance Unknown wallet ➡️ Unknown wallet 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨45,000,000 USDT ($45,096,694 USD) transferred from Tether Treasury ➡️ Unknown wallet 🚨🚨
Gold***: $2,036.17 USD -1.51 -0.07%
Silver***: $26.85 USD -0.15 -0.56%
——————————————————————————————————
*📈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: FISHER
Currently P action is within the upward channel that is forming (light green as not locked in for me however present as zones that market could obey) currently the centre line of this is of attraction and a slither to the next swing high may transpire where it intersects.
I’ll leave it there for now, remember Crypto is not like traditional markets and has other factors consuming it:
Worldwide economics
Whales moving capital
Whales cashing out , trading
Business’ in mining doing the same
International business transferring off exchanges from one country to another for deal play
Mining companies replenishing machines, maintenance, wages, expenses paid in crypto or a change to fiat.
Mining manufactures consuming crypto for purchases and having a share in mines themselves
OTC desks sealing deals and transferring Bitcoin taking out of private wallets and also exchanges liquidity pools of play
Leveraged markets entailing retail consumer, intermediate traders and trade desks watching the order books and capital pools of the above
On ramps to retail traders purchasing BTC to get into stupid programs and/or courses for a get rich fix
Troll boxes and groups of ‘whats hot’
The list goes on however is good to be aware of
Just note that there is so much going on that I can’t cover everything in a small right up of ‘some lines’ on a chart.
After 10 years in the game, I’m a long term trader and have the ability to sit and wait to cut out the above noise that is created. Be aware of this. I deem these as points of attraction to see if the market can attack and break and utilise for profit taking and stop strategies whilst running the market following the trend. Remember that this overview is very basic and is about 5% of the overall process undertaken (one person’ opinion). I simply point out what I see of relevance at present from my trading eyes.
Happy Trading
Bitcoin to Date
Daily
Current Price: $11748.0 USD
Daily Change %: +5.14%
Market Cap: $204,338,526,700.00 USD
24 Hour Volume: $24,460,267,788 USD
Population of the World: ~7,802,984,715+ humans
Today’s Bitcoin Total / World Population: ~ 0.002364794584889 Satoshi’s / $27.78 USD per person
Overall
Approximate Bitcoin in Circulation: 18,452,456 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,547,544 BTC
Road to 21,000,000 Bitcoin Mined: 87.87%
Current Bitcoin Dominance: 62.46%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 10942.2
2nd Support Zone: 10420.0
3rd Support Zone: 9998.0
Resistance Levels:
1st Resistance Zone: 11976.9
2nd Resistance Zone: 12190.4
3rd Resistance Zone: 12958.5
Price Level Consideration
Approximate Days Until Halving: 1372 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: 11330.9
Weekly Open: 11076.4
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨3,093 BTC ($34,747,187 USD) transferred from Unknown wallet ➡️ XAPO 🚨
2. 🚨2,500 BTC ($29,173,586 USD) transferred from Unknown wallet ➡️ OKEx🚨
3. 🚨2,028 BTC ($22,720,251 USD) transferred from Binance Unknown wallet ➡️ Unknown wallet 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨45,000,000 USDT ($45,096,694 USD) transferred from Tether Treasury ➡️ Unknown wallet 🚨🚨
Gold***: $2,036.17 USD -1.51 -0.07%
Silver***: $26.85 USD -0.15 -0.56%
——————————————————————————————————
*📈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: FISHER
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