BTCUSDT Volume Analysis Prediction 03/16/2018
Hi, friends and traders.
Bitcoin becomes more interesting. The maximum horizontal volume of the week fell down and now bitcoin shows a bullish reaction from it.
Despite the fact that the market remains still bearish, we can try to catch this bull initiative. Also, BTC has formed very similar to the figure of a false breakdown.
Trade recommendation:
Entry point: area 8190-8250
Stop: 7995
Target1: 8700
Target2: 9100
Glossary of terms
Bitcoin becomes more interesting. The maximum horizontal volume of the week fell down and now bitcoin shows a bullish reaction from it.
Despite the fact that the market remains still bearish, we can try to catch this bull initiative. Also, BTC has formed very similar to the figure of a false breakdown.
Trade recommendation:
Entry point: area 8190-8250
Stop: 7995
Target1: 8700
Target2: 9100
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.
Trade closed manually