BTC/USD overview. Take a look on chart, there you can see that Volume is totally decreasing.
The biggest Volume was near $6 000 and $5 500. You need to know that volume shows how big players and retail traders interested in instrument. As you know for this moment we have silents on TV. Before crushing cryptocurrency market everyone, told that I will cost $50 000 or even more (Remember, you need to do opposite to what you hear on TV). For this moment we need to wait, when on TV we will hear that BITCOIN is going to $0. That will be a signal for buy.
If we take a look on this situation from technical analysis, we see that near $5000 — $6000 was Big Volume and Bullish reaction on that volume, that means that level is key for big players. I recommend to open buy near that key zone. Goal would be $8726, $9920 or $11 693.
The biggest Volume was near $6 000 and $5 500. You need to know that volume shows how big players and retail traders interested in instrument. As you know for this moment we have silents on TV. Before crushing cryptocurrency market everyone, told that I will cost $50 000 or even more (Remember, you need to do opposite to what you hear on TV). For this moment we need to wait, when on TV we will hear that BITCOIN is going to $0. That will be a signal for buy.
If we take a look on this situation from technical analysis, we see that near $5000 — $6000 was Big Volume and Bullish reaction on that volume, that means that level is key for big players. I recommend to open buy near that key zone. Goal would be $8726, $9920 or $11 693.
Comment:
Price is moving Down, it`s so close to $7000
Comment:
Price came to $6100 level. I think it will test key level $6000. If the price will make a fake broke of that level, for us that be the best signal for open long.
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