Bitcoin’s Pitta Patta To A 10k Reach

29 may 2020

P action has taken a downward move to the inner upper channel’s bottom line / TL and deciding to re-establish a move to the upper, or stumble for a break lower over the weekend.

In Bulls favour:
Broken above the outer downward channel:


Back within the inner upward channel:


Still remains the same: The most important POWER PLAY is that Bitcoin needs to Push with a lot of momentum into and through 10k. Breach above = use as support. We’ve seen it be rejected numerous times. To reiterate its imperative the this push makes a point of ‘we are here now’. Will watch the close of the month and anticipate what the close of Q2 brings



Happy Trading

Bitcoin to Date
Daily
Current Price: $9,406.0 USD
Daily Change %: -1.91%
Market Cap: $172,874,283,925.00 USD
24 Hour Volume: $34,134,509,668 USD
Population of the World: ~7,787,823,400+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361240625975 Satoshi’s / $22.20 USD per person

Overall
Approximate Bitcoin in Circulation: 18,388,925 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,611,075 BTC
Road to 21,000,000 Bitcoin Mined: 87.57%
Current Bitcoin Dominance: 67.18%



📈Support & Resistance📉*
Support Levels
1st Support Zone: 9176.9
2nd Support Zone: 8767.1
3rd Support Zone: 8413.8

Resistance Levels:
1st Resistance Zone: 9752.9
2nd Resistance Zone: 10008.0
3rd Resistance Zone: 10407.2



Price Level Consideration
Approximate Days Until Halving: 1442 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: 8629.2
Weekly Open: 9667.4



Current Price Zone: ACCUMULATION ZONE


Biggest Bitcoin Transaction of the Day**
1. 🚨11,660 BTC ($111,259,669 USD) transferred from Unknown Wallet ➡️ Unknown Wallet 🚨

2. 🚨3,000 BTC ($28,414,167 USD) transferred from unknown wallet ➡️ Bitfinex 🚨
3. 🚨1,200 BTC ($11,289,130 USD) transferred from Binance ➡️ Bitstamp 🚨

Largest Cryptocurrency Transaction Today:
🚨🚨11,660 BTC ($111,259,669 USD) transferred from Unknown Wallet ➡️ Unknown Wallet 🚨🚨

Gold***: $1,729.92 USD +10.80 +0.63%
Silver***: $17.86 USD +0.47 +2.73%

——————————————————————————————————
*📈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