Bitcoin grew up, but the situation did not develop according to the ideal scenario - low trading volumes, a large number of small transactions for sale. Most importantly, the price did not break through the level of 6470, and rolled back to the current prices on the bad SEC news. We are watching the situation - if the rate retreats to 6150, then we are moving to 5800 most likely. Should watching the DOM before the close of the day.
Trade active:
We are at the level of 6300 - 6280, which is 50% of the Fibonacci from the last rise. This is a zone of interest both buyers and sellers, but bears, judging by the DOM, winning yet. We consider this as resistance, not support. Analysis of candles also says so far in favor of the bears.
It is worth noting that there are volumes, half below average - this is a good sign, we are waiting for recovery of trading volumes for further analysis. Time for entry is risky, both for buyers and sellers.
We follow the asset, wait for the exit from the wedge
It is worth noting that there are volumes, half below average - this is a good sign, we are waiting for recovery of trading volumes for further analysis. Time for entry is risky, both for buyers and sellers.
We follow the asset, wait for the exit from the wedge