BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
398 3 3
Bitcoin             looks bearish on all time frames right now & on a long-term chart it looks to test the 381 previous support level and then could possibly test the apex of converging trendlines around 305-310 but overall looks to retest the macro b/o levels around the 202 volume for confirmation
Hi. I'm very new to trading, could you please explain how watching volume would give you an indication of whether or not it will drop to the 202 level? If there is lots of volume it shouldn' that correct?
Sure........u want the volume to confirm the direction bias so in this case u would want higher vol. as the price of bitcoin is falling.......if there was not higher vol. to the downside then it could be sign of a potential reversal or retracement
iefan djflowmaster
Excellent, thank you sir!
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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