Bitcoin May Close / One month till close Q2 - 10k

31 de mai. de 2020

A little rest and price trickle has seen P action test, retest and move along the inner upward channel to push higher then the last few days trading action. I wrote earlier in the week that for a good Q2 close the bulls need to push here to focus efforts on the 10k mark and come through.



Will focus on the weekly open in tomorrows write up and positioning.

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. And breach above this to 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: $9639.2 USD
Daily Change %: +3.06%
Market Cap: $178,312,989,464.50 USD
24 Hour Volume: $32,862,495,485 USD
Population of the World: ~7,788,081,600+ humans
Today’s Bitcoin Total / World Population: ~ 0.00236116234324 Satoshi’s / $22.75 USD per person

Overall
Approximate Bitcoin in Circulation: 18,388,925 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,610,056 BTC
Road to 21,000,000 Bitcoin Mined: 87.57%
Current Bitcoin Dominance: 66.28%



📈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: 1441 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. 🚨10,660 BTC ($99,840,840 USD) transferred from Unknown Wallet ➡️ Unknown Wallet 🚨

2. 🚨2,000 BTC ($18,764,226 USD) transferred from XAPO ➡️ Binance 🚨
3. 🚨1,575 BTC ($15,019,681 USD) transferred from OKEx ➡️ Binance 🚨
Largest Cryptocurrency Transaction Today:
🚨🚨10,660 BTC ($99,840,840 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

PS. Well done SpaceX and NASA on todays successful mission thus far into earth’s lower orbit.