Hi, friends.
As we see, unlike many other coins, BTC didn't want to update minimum of this year.
The price goes down very hard, there is a large volume, I regard it as pre-fixs. Somebody keeps the price from falling. It's good.
What's next?
On chart I indicated area 5740-5840 where buyers must aggressively meet the sellers. It's very important zone. Last strong wall. If this buy area will be break down next target will be 5400 and 5000.
For now the price is "freezing" in range 5800-6530 (possible new balance).
You can try carefully buy from area 5740-5840 with a stop loss below the minimum - 5680.
Glossary of terms
As we see, unlike many other coins, BTC didn't want to update minimum of this year.
The price goes down very hard, there is a large volume, I regard it as pre-fixs. Somebody keeps the price from falling. It's good.
What's next?
On chart I indicated area 5740-5840 where buyers must aggressively meet the sellers. It's very important zone. Last strong wall. If this buy area will be break down next target will be 5400 and 5000.
For now the price is "freezing" in range 5800-6530 (possible new balance).
You can try carefully buy from area 5740-5840 with a stop loss below the minimum - 5680.
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 2-3 fixing movement.
Trade closed: target reached