BTCUSD today analysis, 190930. "really fall without rebound?"
Hello, my friends. It's Cryptoranger K.
Today BTC prices have fallen by nearly 4% and then back up. If you look at the volume profile on the right, the BTC price was above that resistor until yesterday. For that reason, I thought the BTC would rebound after a slight rebound. But today BTC is looking down through the resistance. As I mentioned in the analysis I posted earlier, I expect the decline to continue to $ 6500. I think there will be a good rebound there. You'll know for sure if you need to check the candle seat tomorrow, but the current BTC price is at the bottom of the volume profile resistor. If today's closing price doesn't go up from today or tomorrow's candle starts below its current price, I think it could just drop to $ 6500 without a rebound.
I personally don't trade in the bear market, so I don't mind the current situation, but if you have a short position in margin trading, the current ambiguity may be a bit uncomfortable. As I write this, I keep repeating the question, "Will the price go down to $ 6500 without a rebound?" Tomorrow is expected to cross the 10-day and 200-day lines based on a one-day chart. The point where the intersection occurs is far from the candle, but I still need to judge the rebound by seeing how the candle will be affected by the intersection.
Today's analysis doesn't seem to be helpful to you, so I'm not satisfied with myself.
It was a bit hot in Seoul today. And it's cool at night.
Please be careful not to catch a cold during the season.
Then I will see you again tomorrow.
Thank you.
ps. The price went up a bit while I was writing this. But I think I should watch the flow of BTC tomorrow. And basically I think it's right to give a rebound at this point.
Today BTC prices have fallen by nearly 4% and then back up. If you look at the volume profile on the right, the BTC price was above that resistor until yesterday. For that reason, I thought the BTC would rebound after a slight rebound. But today BTC is looking down through the resistance. As I mentioned in the analysis I posted earlier, I expect the decline to continue to $ 6500. I think there will be a good rebound there. You'll know for sure if you need to check the candle seat tomorrow, but the current BTC price is at the bottom of the volume profile resistor. If today's closing price doesn't go up from today or tomorrow's candle starts below its current price, I think it could just drop to $ 6500 without a rebound.
I personally don't trade in the bear market, so I don't mind the current situation, but if you have a short position in margin trading, the current ambiguity may be a bit uncomfortable. As I write this, I keep repeating the question, "Will the price go down to $ 6500 without a rebound?" Tomorrow is expected to cross the 10-day and 200-day lines based on a one-day chart. The point where the intersection occurs is far from the candle, but I still need to judge the rebound by seeing how the candle will be affected by the intersection.
Today's analysis doesn't seem to be helpful to you, so I'm not satisfied with myself.
It was a bit hot in Seoul today. And it's cool at night.
Please be careful not to catch a cold during the season.
Then I will see you again tomorrow.
Thank you.
ps. The price went up a bit while I was writing this. But I think I should watch the flow of BTC tomorrow. And basically I think it's right to give a rebound at this point.
Comment:
Comment:
The rebound mentioned in today's post means a weak rebound. If the price falls largely in such a short time, it will rebound slightly even if it is weak. Of course, there is the possibility of plugging in without rebound. However, the MACD histogram of the chart I just uploaded is drawing an ascending arch, and the stochastic is likely to make a golden cross in the near future. If there is no rebound, expect to see sideways.
After all, short-term flow prediction is so hard to me.
After all, short-term flow prediction is so hard to me.