WestClintwood

-WEN RETRACEMENTS??? - Bitcoin Retracements and Volatility Zones

Long
INDEX:BTCUSD   Bitcoin
Due to the fact that the current prices have large previous transaction volumes we are held tightly to narrow swing ranges. When previous order volume on the price scale is removed, price will move faster up and down the scale looking for support. Lack of price history allow for larger price movements and retracements. Notice the zones highlighted in this chart comparing the last bull run exhausting it's previous price history and increasing volatility. This is also applied to the current price zones as compared to the 2021 - 2022 price history. POC's from previous value areas in history will be necessary to indicate support areas when volatility increases.