BTC: DAY TRADING VOLUME RE-TEST - BTC BREAKDOWN
It's great to see BTC increase from the 25.4 level to the up 27200 level right now.
This update is not a long-term update but adds the last possibility that BTC can have and the volume recovery that can happen to the volume zone as the chart shows or below.
The trend shows a high possibility for day trading recovery depending on the study.
We will follow up to see if short-term BTC can change the volume view.
Most of the time what we see in a BTC uptrend volume, is that Volume gets a recovery trend before re-entering the trend.
This is exactly what we are going to follow coming time.
We know that there is some news that could affect the BTC price to a downtrend(Coinbase) as in the way some users tweet about FTX.
But we can't base now on that news since we don't have confirmations.
* This update is out of this news and just depends on technical trends.
It means not that BTC should 100% return back as the idea shows, this is just a view depending on TA and our study.
Do always study, the market can in all time be very risky.
This update is not a long-term update but adds the last possibility that BTC can have and the volume recovery that can happen to the volume zone as the chart shows or below.
The trend shows a high possibility for day trading recovery depending on the study.
We will follow up to see if short-term BTC can change the volume view.
Most of the time what we see in a BTC uptrend volume, is that Volume gets a recovery trend before re-entering the trend.
This is exactly what we are going to follow coming time.
We know that there is some news that could affect the BTC price to a downtrend(Coinbase) as in the way some users tweet about FTX.
But we can't base now on that news since we don't have confirmations.
* This update is out of this news and just depends on technical trends.
It means not that BTC should 100% return back as the idea shows, this is just a view depending on TA and our study.
Do always study, the market can in all time be very risky.
Comment:
THIS VIEW gives us the previous fake bull trend zone, further, it shows the close zone where we are now. Also, the increase of today is not confirmed by time frame.
Comment:
The momentum volume is not confirmed, which still shows that BTC has a high chance to break down coming time. ( the last volume seems a robotic volume)
Comment:
BTC until now still in a downtrend.
Comment:
The BTC price did breakdown today to the expected point below 26400.
Comment:
It's important by trading not to follow the FUD, but to base the trading 100% on the study and what the market shows. There can always happen unexpected trends. News is not always the way of trading.. because it can go the other side.
There is some news from the side of the SEC, but even with that, the market is still able to increase. The study should be still the top 1 to follow.
There is some news from the side of the SEC, but even with that, the market is still able to increase. The study should be still the top 1 to follow.
Comment:
BTC did re-test the trend and at this moment still by breakdown view.
There is a good possibility that BTC will breakdown further, as there is needed to see the next confirmations.
There is a good possibility that BTC will breakdown further, as there is needed to see the next confirmations.
Considering the long-term perspective, BTC still maintains its cyclic view. However, recent trends following this update indicate a deviation from the previous short-term technical analysis (TA) views, suggesting a breakdown in the established patterns.