MarxBabu

BITCOIN What Next ? When Long ? Are we Sideways? or Short ?

MarxBabu Updated   
BITSTAMP:BTCUSD   Bitcoin
Just by looking at the Volume pattern ,the recent BULL Move failed due to the inadequate buyers in the market.
This was apparently reflected in the move of the VOLUME.

The Present Move as well is not so great ,Both Bear and Bull fighting to move the market however since those are not key institution heavy money jumbos ,and played by less BITCOIN holding retail participants ,price is not moving .

Looks it will be sideways for few candles and days .

When to Firmly Decide the Direction :
Present Volume deep steep low , 🎢 Either Bull or Bear need to break this volume pattern and introduce a Volume breakout (as shown in the chart).
If bear does this Market Fall likely ....
If Bull Does this Market Rally likely 🌋

We need to really wait and Watch the show , Entering the Market will make pain at this Juncture .

Comment:
Now we have breakout possibilities ,soon we will get 65k.

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