BCDBTC Volume analysis prediction
We have 2 balance here.
1 - main balance with the range 0252-0361
At the border of the box is Main Support and Main Resistance Area.
2 - inside the main balance we have a small box with the range 0272-0307.
The price is in the middle of this box. If this balance
goes up (true breakout) we will see an upward movement to the border
of the main balance.
it is very difficult to predict the price movement inside this box.
So, if you want to buy BCD, you need look at support areas.
At the moment I see no reason to drop the price.
Glossary of terms
We have 2 balance here.
1 - main balance with the range 0252-0361
At the border of the box is Main Support and Main Resistance Area.
2 - inside the main balance we have a small box with the range 0272-0307.
The price is in the middle of this box. If this balance
goes up (true breakout) we will see an upward movement to the border
of the main balance.
it is very difficult to predict the price movement inside this box.
So, if you want to buy BCD, you need look at support areas.
At the moment I see no reason to drop the price.
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
Comment:
The price showed something like pump, but
quickly came back into the balance 0269-0318 and tested
the POC level. After test the price usually goes into the direction of rebound.
If this POC level will be breakdown, the price will fall to the support area 0269-0273.
At the moment we expects the price growth.
quickly came back into the balance 0269-0318 and tested
the POC level. After test the price usually goes into the direction of rebound.
If this POC level will be breakdown, the price will fall to the support area 0269-0273.
At the moment we expects the price growth.
BCDBTC Volume analysis prediction
The situation with the previous forecast has not changed much. Slightly corrected the border of inside balance
Update: we have 2 balance here.
1 - main balance with the range 0252-0361
2 - inside the main balance we have a small box with the range 0272-0318.
If this balance goes up (true breakout) we will see an upward movement to the border
of the main balance.
Until the breakout occurred, we must trade from the borders of the internal balance.