BTCUSD: Are We Done Dropping?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
From the chart, we see that we breached the longterm trend line . It could be a sign that we are going further down in a few days, or that it was a false break down.

However, typically on the past 2 crashes, we were following with strong buying volume as pointed out by blue arrows. Today there was not much buying volume as i would like.

I wouldn't place any long orders until we are clear above 10k and above our long term trend line .

I will update this idea if i get 5 likes.
Comment: Bitcoin is sitting on the trend line currently. Still no short or long positions to be opened at the moment.
Comment: Bitcoin is looking heavy.

Lets hope bitcoin can hold its previous low forming a double bottom. If not bitcoin is likely to fall to the 6k levels.
Comment: Still no buying volume, looks like we might touch down to the 6k levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out