LandenInternational

Bitcoin Volume Drop Inner Trend Line Form, 3 Touch

BITFINEX:BTCUSD   Bitcoin
Significant drop in Volume in the last 24 hours from 17 Bill to a measly 13.7. Coinciding with this is the third print for a trend line to form within the price structure of price region spoken of in last few write ups. >

Note that some traders will draw from the wicks (I hold more significance here as that's where price has printed):

With others using the bodies fro more solid ground:

If price continues to drop the values of resistance will change over time, so be aware of both.

As per yesterday the same remains the same. However as broken the swing high, now price needs to find strength to break the swing at 9800 which is going to be a mean feat considering current volume and dynamics at play.


Resistance from above remains the same, see below link to that more expansive write up.

Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9256.0 USD
Daily Change %: -0.67%
Market Cap: $170,764,298,068.75 USD
24 Hour Volume: $13,762,327,897 USD
Population of the World: ~7,796,526,622+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363287837329 Satoshi’s / $21.57 USD per person

Overall
Approximate Bitcoin in Circulation: 18,426,344 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,573,656 BTC
Road to 21,000,000 Bitcoin Mined: 87.74%

Current Bitcoin Dominance: 64.65%

📈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: 1401 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: 9084.0


Current Price Zone: ACCUMULATION ZONE

Biggest Bitcoin Transaction of the Day**
1. 🚨3,500 BTC ($32,382,992 USD) transferred from Unknown wallet ➡️ Xapo 🚨
2. 🚨2,300 BTC ($21,425,900 USD) transferred from Binance ➡️ Unknown wallet 🚨
3. 🚨2,000 BTC ($18,613,810 USD) transferred from Coinbase ➡️ Unknown wallet 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨3,500 BTC ($32,382,992 USD) transferred from Unknown wallet ➡️ Xapo 🚨 🚨

Gold***: $1,794.62 USD -0.01 -0.00%
Silver***: $18.28 USD +0.01 +0.04%

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*📈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: Sail - Awolnation

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