Hypothetical Play For a Bitcoin Upward Channel

٢٨ يوليو ٢٠٢٠

Due to volume increase and a close above 10k on the daily channel seeing the order book flow with green numbers we’ve witnessed a break of 10500 happen. However what caught my attention whilst looking at the naked chart and then applying some things in the back ground is this potential upward channel formulating to add guidance to potential price points of Support and resistance. Now if market breaks the new ATH trend line and wants to break 12000 I’ll come back to this and a retrace back to 10k could see this bottom Trendline come into play. However for now. We enjoy this market breathing fresh air.

Happy trading, be safe and watch your emotions.

Bitcoin to Date
Daily
Current Price: $11200 USD
Daily Change %: +13.16%
Market Cap: $206,558,135,662.50 USD
24 Hour Volume: $34,160,544,340 USD
Population of the World: ~7,800,978,792+ humans
Today’s Bitcoin Total / World Population: ~ 0.002364362023252 Satoshi’s / $26.48 USD per person

Overall
Approximate Bitcoin in Circulation: 18,444,338 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,555,663 BTC
Road to 21,000,000 Bitcoin Mined: 87.83%

Current Bitcoin Dominance: 64.56%


📈Support & Resistance📉*
Support Levels
1st Support Zone: 10942.2
2nd Support Zone: 10420.0
3rd Support Zone: 9998.0

Resistance Levels:
1st Resistance Zone: 11686.8
2nd Resistance Zone: 12190.4
3rd Resistance Zone: 12958.5



Price Level Consideration
Approximate Days Until Halving: 1381 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: 9949.8



Current Price Zone: ACCUMULATION ZONE


Biggest Bitcoin Transaction of the Day**
1. 🚨14,442 BTC ($156,599,226 USD) transferred from Unknown wallet ➡️ Unknown wallet 🚨
2. 🚨3,000 BTC ($33,032,281 USD) transferred from XAPO ➡️ Bitfinex 🚨
3. 🚨2,500 BTC ($27,587,324 USD) transferred from OKEX ➡️ Unknown wallet 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨14,442 BTC ($156,599,226 USD) transferred from Unknown wallet ➡️ Unknown wallet 🚨
🚨

Gold***: $1,963.51 USD +18.89 +0.97%
Silver***: $25.49 USD +0.70 +2.82%

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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: Jamie XX - Gosh