LandenInternational

Bitcoin The Consolidation Sloth

BITFINEX:BTCUSD   Bitcoin
Short and sweet today as BTC needs to throw something decent down worth talking about. Trickle in price has seen p action drop as volume has decreased over the last 24 hours. P action is at the lower edge of the consolidation area,,,again. The longer P action prints within this range then either that apex will come into play or bulls don’t have enough steam to prop itself up and a fall to the perch is to be considered. Simply, sitting and wait for BTC to move with substance over the course of the day. See Resistance write up for more information, link below

Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9425.6 USD
Daily Change %: -1.14%
Market Cap: $173,627,138,810.00 USD
24 Hour Volume: $19,777,152,211 USD
Population of the World: ~7,792,051,900+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362346303161 Satoshi’s / $22.26 USD per person

Overall
Approximate Bitcoin in Circulation: 18,407,525 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,592,475 BTC
Road to 21,000,000 Bitcoin Mined: 87.65%

Current Bitcoin Dominance: 66.20%


📈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: 1422 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. 🚨1,638 BTC ($15,613,048 USD) transferred from Binance ➡️ Unknown wallet 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨16,000,000 USDT ($16,029,884 USD) transferred from Unknown wallet ➡️ Bitfinex 🚨 🚨

Gold***: $1727.84 USD +2.96 +0.17%
Silver***: $17.51 USD +0.09 +0.49%

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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

Playlist: Digitalism

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