the_batman
Long

Possible Imminent Move toward $400

BITFINEX:BTCUSD   Bitcoin / Dollar
162 3 3
The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400.

It's also entirely possible that these resistance levels will NOT be broken.

For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).
One
Reply
ChartArt
2 years ago
OKCoin is the market leader, not Huobi.
Reply
the_batman PRO ChartArt
2 years ago
That's a common misconception that makes sense when you look at the superficial facts. Huobi is bigger by several orders of magnitude.
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