Bitcoin In La La Land

21. Juli 2020

And here we go, with more of the same sideways -------------- P action printing daily candles for two weeks in the same zone creating a consolidation zone within zones above and below. Yesterday I wrote about apexing which remains the same so watch the order book into this zone for a price flex in a direction.



I feel like a broken record here, but P action staying firm within that ATH trend line from above/ 10 k mark and the perch from the downward channel that remains a sticky point if price breaks to the south.



Happy Trading, Peace Out ✌️

Bitcoin to Date
Daily
Current Price: $9179.2 USD
Daily Change %: -0.56%
Market Cap: $169,347,268,982.50 USD
24 Hour Volume: $13,927,701,503 USD
Population of the World: ~7,799,416,600+ humans
Today’s Bitcoin Total / World Population: ~ 0.002364019765273 Satoshi’s / $21.69 USD per person

Overall
Approximate Bitcoin in Circulation: 18,437,975 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,562,025 BTC
Road to 21,000,000 Bitcoin Mined: 87.80%

Current Bitcoin Dominance: 64.09%


📈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: 1388 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. 🚨2,200 BTC ($20,137,675 USD) transferred from Binance ➡️ Unknown wallet 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨45,000,000 USDT ($45,355,424 USD) transferred from Bitfinex ➡️ Huobi 🚨 🚨

Gold***: $1,817.63 USD +0.33 +0.02%
Silver***: $28.33 USD +0.15 +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

Trading Playlist: Jamie xx - GOSH