#BTCUSD Volume Analysis Prediction 10/10/2018
Hi, friends.
Almost everyday I look at the analytics and noticed that a lot of analysts are predicting some strange bitcoin figures: 20 000, 30 000, 50 000, 100 000. This is both funny and weird. Land on, guys.
No one even knows where and when Bitcoin will go out of the balance. We need to build strategy on the facts. Price reaction and volume show these facts. The price will go where there is liquidity. Everything else is secondary.
At the moment I see the situation as follows:
We have 3 balances:
1st - 6515-6712 (main balance)
2nd - 6430-6805 ( 1st minor balance)
3rd - 6335-6805 (2nd minor balance)
For the medium-term movement we are most interested in the main balance.
If the main balance goes up (ture breakout 6805) with high probability we will see an up move to 7005 and 7410.
If the main balance goes down (true breakdown 6335) with a high probability
we will see a down move to 6101 or even 5850.
Until the breakup/breakdown occurs, we can trade only from the borders of balances.
From the upper border we sell, from the lower - we buy.
Take profit set on the opposite side of the balance in which you trade.
Stop loss set according to your risk.
Almost everyday I look at the analytics and noticed that a lot of analysts are predicting some strange bitcoin figures: 20 000, 30 000, 50 000, 100 000. This is both funny and weird. Land on, guys.
No one even knows where and when Bitcoin will go out of the balance. We need to build strategy on the facts. Price reaction and volume show these facts. The price will go where there is liquidity. Everything else is secondary.
At the moment I see the situation as follows:
We have 3 balances:
1st - 6515-6712 (main balance)
2nd - 6430-6805 ( 1st minor balance)
3rd - 6335-6805 (2nd minor balance)
For the medium-term movement we are most interested in the main balance.
If the main balance goes up (ture breakout 6805) with high probability we will see an up move to 7005 and 7410.
If the main balance goes down (true breakdown 6335) with a high probability
we will see a down move to 6101 or even 5850.
Until the breakup/breakdown occurs, we can trade only from the borders of balances.
From the upper border we sell, from the lower - we buy.
Take profit set on the opposite side of the balance in which you trade.
Stop loss set according to your risk.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.