Bitcoin P Action 12 Daily Candle Print, Needs A Shake

6 thg 7, 2020

P action has printed in this price zone the last 12 days making it look like the bears have a ceiling on the bulls push to the north. simply, watching and waiting. The ATH trend line will be present itself in the next few days below the 10k whole number and the ATH halfway price point making for more resistance above to contend with. Note that a push above the ATH trend line breaks into fresh air for that territory and may act as support, however needs to push up there first.

A channel trickling of p action is slowly showing more weakness between the downward channel (perch) and this ATH trend line. P Action needs to move and shake to show some vigour. A break above 9300 will shuffle the structure of the lower high prints , however if p action dives below 8800 this structure is ultimately bearish.



Support and Resistance wise Bitcoin P action needs to break out of this price zone between 8963.6 & 9889.2



Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9130.0 USD
Daily Change %: -0.45%
Market Cap: $167,518,556,985.00 USD
24 Hour Volume: $13,085,958,098 USD
Population of the World: ~7,796,098,600+ humans
Today’s Bitcoin Total / World Population: ~ 0.002363287837329 Satoshi’s / $21.57 USD per person

Overall
Approximate Bitcoin in Circulation: 18,424,425 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,575,575 BTC
Road to 21,000,000 Bitcoin Mined: 87.74%

Current Bitcoin Dominance: 65.51%


📈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: 1403 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


Gold***: $1,771.13 USD -3.41 -0.19%
Silver***: $17.96 USD -0.09 -0.50%

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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: Tron Legacy Soundtrack