BTC/USDT Volume Analysis Prediction 3/08/2018

Hi, friends.
After yesterday falling, BTC is in mini-consolidation just above the level 9400.
Look at the huge vertical volume. Cluster volumes indicates that it was the fixation of the positions (closing). http://take.ms/XBEpt
And fundamental news confirmed this.
In summary, what to expect now?
Bearish momentum is still in play. If the price breaks down 9400 we will see a fall wave to 9000 or even to 8350. You can try to buy BTC intraday with a short target after break out 10100 (when a mini balance breaks out).
For continue growth (mid-term) the price should break out @POC of February 10690-10700.

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.
  

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Comment:

The price reached level 8350 as we are expected.
If this level will be break down,
it would a bad sign for BTC, and
possible fall wave to 7730 or even 6500.

For mid-term trend the price must return back into the balance (close and holds 9400).
Intraday charts shows a first bull signs.

Trade closed manually