Under Consolidation To Perch If No Break Up Vol Low
P action on the daily showing a bit of a flutter with incredibly low 24hour volume (18,537,041,514USD) yet moving down below the consolidation area to look to open the week at 9350 area. Without a significant push in a direction then it's a bit of no mans land currently. Obviously there's a lot of talk about price zones/ predictions for BTC in 2020, yet to get there that 10k needs to be pushed through and used as support. The order book gets stronger on the road to 10k and there’s a lot of other resistance elements to consider:
- ATH trend line looming closer with each daily print
- ATH half way price point, below this signifies weakness
- Print in the same zone creates consolidation / safety points
- That also adds to horizontal resistance levels
- A few subtle trend lines from above that traders will have placed
Thus a few levels to contend with the gives the bears room to dominate. Don’t forget that trades are holding positions with price targets above but the longer it takes to get there the more they start to touch and play for a fill.
Above stated that consolidation playing out and awaiting a push in a direction. At present I’m watching for a $200 push to define this market in either direction and an increase in volume of orders dropped. Factors are accumulating to say this market is heavy, bears licking lips but claws are within. The downward channel trend line may see P action seek that resting position and perch. A wider upward channel is forming with 4hr candle for prints.
Happy Trading :)
Bitcoin to Date
Daily
Current Price: $9365.4 USD
Daily Change %: -1.24%
Market Cap: $173,014,009,093.24 USD
24 Hour Volume: $18,537,041,514 USD
Population of the World: ~7,791,396,700+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362208049296 Satoshi’s / $22.12 USD per person
Overall
Approximate Bitcoin in Circulation: 18,404,900 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,595,100 BTC
Road to 21,000,000 Bitcoin Mined: 87.64%
Current Bitcoin Dominance: 66.35%
📈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: 1425 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: 9749.5 Will change at open)
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,104 BTC ($10,390,773 USD) transferred from Xapo ➡️ Binance 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨1,104 BTC ($10,390,773 USD) transferred from Xapo ➡️ Binance 🚨 🚨
Gold***: $1,730.16 USD -1.71 -0.10%
Silver***: $17.47 USD -0.03 -0.15%
——————————————————————————————————
*📈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
- ATH trend line looming closer with each daily print
- ATH half way price point, below this signifies weakness
- Print in the same zone creates consolidation / safety points
- That also adds to horizontal resistance levels
- A few subtle trend lines from above that traders will have placed
Thus a few levels to contend with the gives the bears room to dominate. Don’t forget that trades are holding positions with price targets above but the longer it takes to get there the more they start to touch and play for a fill.
Above stated that consolidation playing out and awaiting a push in a direction. At present I’m watching for a $200 push to define this market in either direction and an increase in volume of orders dropped. Factors are accumulating to say this market is heavy, bears licking lips but claws are within. The downward channel trend line may see P action seek that resting position and perch. A wider upward channel is forming with 4hr candle for prints.
Happy Trading :)
Bitcoin to Date
Daily
Current Price: $9365.4 USD
Daily Change %: -1.24%
Market Cap: $173,014,009,093.24 USD
24 Hour Volume: $18,537,041,514 USD
Population of the World: ~7,791,396,700+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362208049296 Satoshi’s / $22.12 USD per person
Overall
Approximate Bitcoin in Circulation: 18,404,900 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,595,100 BTC
Road to 21,000,000 Bitcoin Mined: 87.64%
Current Bitcoin Dominance: 66.35%
📈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: 1425 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: 9749.5 Will change at open)
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,104 BTC ($10,390,773 USD) transferred from Xapo ➡️ Binance 🚨
Largest Cryptocurrency Transaction Today:
🚨 🚨1,104 BTC ($10,390,773 USD) transferred from Xapo ➡️ Binance 🚨 🚨
Gold***: $1,730.16 USD -1.71 -0.10%
Silver***: $17.47 USD -0.03 -0.15%
——————————————————————————————————
*📈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
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