norehka

Bitcoin behavior after high volumes.

Long
BITFINEX:BTCUSD   Bitcoin
After high volumes, marked as blue arrows BTC has high movements. Beside the red volume bar after first 2 arrows, the prices go up. The third one also red but after it, prices went short up and drop down dramatically. 02-06-2018 the 4th bar is the highest one and the color red again. In my opinion, 6000 BTC/USD is the turning point of BTC. I expect 11500 BTCUSD , 12800 BTCUSD , 14700 BTCUSD and 17000 BTCUSD . As it happened before, between high volume bars 2 months passed each. BTCUSD may go 17000 in 2 months. This is only my expectation(opinion).
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