EnLab

Tight grip. Buying at support levels. BTC/USD view 29.01.18.

BITTREX:BTCUSDT   Bitcoin / Tether
Hello, colleagues.

Once again, the red horizontal resistance has survived; bitcoin continues to shrink in the wedge , the hidden tension increases. We will have a bounce back, friends. ) No, I do not inflame passions)) but in 80% of cases with a strong compression of volatility that is not typical to the instrument in a given period of time, there is so-called volatility outbreak. You can consider it as a pattern, for those who are not aware of it. It can occur in two scenarios: either it will be an upward movement to cut through the red horizontal resistance from the BTL area, or it will go down to STL or even MTL , or even for short-term MTL breakout, everybody being in panic and shock, after which the price goes up in high gear, having left everybody in confusion.
Conclusions: if possible buy at BTL , STL , MTL . Bounce and breakdown of trend lines are determined by point analysis, do not work against the general trend! If there is no opportunity to track the price trend lines , go grid.

Good luck, success and profits! Thank you!
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