BTCUSD Volume Analysis Prediction 4/04/2018
Hi, friends.
The price has returned into the balance and break down POC of this balance. It's bad news for buyers. For now it's a bear momentum, so wait the price on the other side of balance - level 6600.
If you have a possibilities to short BTC on margin account you can try sell it intraday. Good entry points for sell positions - 6890 and 7000.
Glossary of terms
The price has returned into the balance and break down POC of this balance. It's bad news for buyers. For now it's a bear momentum, so wait the price on the other side of balance - level 6600.
If you have a possibilities to short BTC on margin account you can try sell it intraday. Good entry points for sell positions - 6890 and 7000.
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.
If the price break down 6600, next support level will be 6420 but this level is weak. And if at this level there will not protection in the form of a large volume, we will see a price drop to 6000.