Ticker: BTCUSD
Exchange: BITFINEX
Bitcoin is the engine of this market
The coin began an upward movement from the bottom of the consolidation,
With a high probability, the upward movement may end near the upper boundary of the consolidation.
Before the price is fixed above the current range, it is impossible to talk about a serious uptrend
Active reaction from the level of @ 6100 speaks about the strength of buyers, and that they are ready to continue to fight for this range
With a high probability, the first reaction of sellers will be from zone @6735 - 6835
Since there will begin to close the position of short-term traders
And further movement depends on whether there are players ready to buy on the upper boundary of the balance sheet
Exchange: BITFINEX
Bitcoin is the engine of this market
The coin began an upward movement from the bottom of the consolidation,
With a high probability, the upward movement may end near the upper boundary of the consolidation.
Before the price is fixed above the current range, it is impossible to talk about a serious uptrend
Active reaction from the level of @ 6100 speaks about the strength of buyers, and that they are ready to continue to fight for this range
With a high probability, the first reaction of sellers will be from zone @6735 - 6835
Since there will begin to close the position of short-term traders
And further movement depends on whether there are players ready to buy on the upper boundary of the balance sheet